Does Goldman Sachs Belong In Your Portfolio?

With shares of Goldman Sachs (NYSE:GS) trading around $154.30, is GS an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

C = Catalyst for a Stock’s Movement

Goldman Sachs is a titan in an industry that has struggled over the last few years. The company provides investment banking, securities, investment management and financial services to high net worth individuals and corporations. As the industry continues to improve, look for a company with access to significant resources, like Goldman Sachs, to remain a leader.

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T = Technicals on the Stock Chart are Strong

Goldman Sachs’s long-term price chart is currently attacking a downtrend line that extends back to the 2007 high. The stock has seen a monstrous move since last year, so it may need a breather at these price levels. The short-term uptrend is still intact until proven guilty, but wait and see how Goldman Sachs stock behaves at these prices.

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