News Stocks 

Fifth Third’s stock climbs after $990 million share repurchase agreement

“GS, +1.09% to buy back $990 million worth of Fifth Third’s shares” writes Reporter Editor for marketwatch.com. Under terms of the agreement, Fifth Third will pay Goldman $990 million on Aug. 17, and expects to receive a “substantial majority” of the shares in the agreement by that day.At current prices, the agreement would allow Fifth Third to buy back 36.33 million shares, or about 4.9% of the shares outstanding.FITB, +1.50% rallied 2.1% in morning trade Tuesday after the regional bank disclosed a stock repurchase agreement with Goldman Sachs & Co. Source:…

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News Stocks 

GoPro shares climb after upgrade to neutral at Goldman Sachs

“Still, the analysts expect GoPro to return to cash generation in the second half of 2017, helped by GoPro raising convertible debt, restructuring its costs and reducing inventory” writes Caitlin Huston for marketwatch.com. GPRO, -1.42% were soaring 4% in premarket trade Tuesday after the stock was upgraded to neutral from sell at Goldman Sachs as the analysts see GoPro’s upcoming launch of a new Hero camera as a catalyst. Source: marketwatch.com Share This:

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Crypto Markets News 

Bitcoin Price Sustains Momentum, Moving Closer to $4,200 as Demand Surges

“Although bitcoin price surpassed the $4,200 mark across many US-based exchanges, global bitcoin exchange market index providers including BraveNewCoin show that on August 13, bitcoin price peaked at $4,163” writes unknown author for cryptocoinsnews.com. After experiencing a minor correction and dipping below $3,850, bitcoin price has started to sustain its upward momentum, recovering beyond $4,150 and moving closer the $4,200 mark.Hence, today, on August 14, bitcoin price established its new all-time high at $4,195, based on the global bitcoin exchange market index.Bitcoin price overwhelmingly surpassed the maximum target of Goldman…

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News Stocks 

Goldman: Buy Netflix, Nvidia and other growth stocks as higher rates stifle earnings

“To insulate the effects of reductions in earnings multiples, Kostin recommended these high growth stocks to investors” writes Akio Kon for cnbc.com. Fifty-five percent of S&P 500 companies have beaten earnings expectations in the second quarter, the highest share of companies since 2010.”The majority of the recent market rally has been driven by higher earnings rather than valuation expansion,” wrote Goldman Sachs chief U.S. equity strategist David Kostin.”Going forward, we expect growth to continue to drive S&P 500 stock returns. Source: cnbc.com Share This:

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Crypto News 

GOLDMAN SACHS: Here’s when we’ll know bitcoin’s top is in

“Jafari isn’t the only one who sees bitcoin approaching the $5,000 level” writes Jonathan Garber for businessinsider.com. “With Segwit implemented, I believe $5,000 bitcoin is within striking distance,” he said. “At this point, Bitcoin would have to move back under 2,935 (Jul. 21st high/top of wave 1/V) to signal that a top is already in place,” Jafari wrote. Source: businessinsider.com Share This:

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Crypto News 

Goldman Sachs Warns Investors Not to Ignore Bitcoin any Longer

“In fact, it seems the institution now warns investors NOT to ignore cryptocurrency” writes Jp Buntinx for newsbtc.com. Goldman Sachs has done a complete 180 turn as far as Bitcoin and cryptocurrency are concerned.However, the institution is now actively telling their investors not to dismiss Bitcoin any longer.Goldman Sachs has been one of the few financial institutions to dismiss Bitcoin for some time.They are even advising people on how to buy and trade cryptocurrency right now.It doesn’t make too much sense for the average investor, to say the least. Source: newsbtc.com…

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Markets News 

Goldman Sachs breaks down how Amazon can jump into health care

“Amazon is speeding its efforts to crack the health care market, hiring a number of high-profile executives, testing Echo technology in top hospitals and creating a secret “1492” team dedicated to health-technology opportunities like telemedicine and electronic medical records” writes Shannon Stapleton for cnbc.com. Goldman Sachs is now out with a 30-page report from five research analysts on Amazon’s likely ambitions in the $560 prescription drug market. Source: cnbc.com Share This:

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Crypto News 

Goldman Sachs: Cryptocurrencies Getting ‘Harder to Ignore’

“Now, Goldman Sachs is counseling institutional investors to give cryptocurrency a closer look” writes unknown author for cryptocoinsnews.com. Mainstream financial institutions such as Goldman Sachs are finally beginning to realize what forward-thinking venture capitalists have known for years: investors need to pay attention to the cryptocurrency ecosystem.One hurdle institutional investors must overcome is the uncertain regulatory environment.Boroujerdi says that whether or not one believes cryptocurrencies have merit, “real dollars are at work” in the cryptocurrency space and warrant attention from investors. Source: cryptocoinsnews.com Share This:

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News 

Perrigo upgraded to neutral by Goldman

“Perrigo shares have surged 2% over the last three months, compared with a 1.8% rise in the S&P 500 SPX, -1.45%” writes Emma Court for marketwatch.com. Perrigo shares closed at $76.84 on Thursday.Perrigo may still face generic pricing pressure, but the majority of the company’s profits — about 70% — come from its consumer health business, Rubin said. Source: marketwatch.com Share This:

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