Trading in the U.S. index futures suggests a weak start to the week after stocks rose solidly in the week ended Jan. 13. The negative sentiment underlines caution among traders as they look forward to the fourth-quarter earnings reports for trading cues.
Companies Reporting Before The Bell
• Goldman Sachs Group (NYSE:GS) is projected to report quarterly earnings at $5.48 per share on revenue of $10.83 billion.
The CNN Money Fear and Greed index showed further improvement in the overall sentiment among US investors.
US stocks closed higher on Friday following the release of earnings from big banks. The S&P and Nasdaq both recorded their second straight positive week, with the tech-laden Nasdaq climbing around 4.8% during the week.
Last week’s big bank earnings marked the unofficial start of the reporting season, and quarterly earnings from the biggest Wall Street firms relayed a mixed message.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
A whale with a lot of money to spend has taken a noticeably bearish stance on Goldman Sachs Group.
Looking at options history for Goldman Sachs Group (NYSE:GS) we detected 18 strange trades.
The outlook for the American economy has been largely gloomy in recent months due to rising interest rates, weak consumer spending, and inflation reaching a four-decade high. Most economists predict some kind of recession in 2023.