GBP News 

Goldman Sachs sees no changes Brexit outcome odds after yesterday’s vote

“The firm views that there is a majority in parliament to avoid a no-deal outcome if called upon and says that there is no majority for another referendum, in justifying the above odds” reports forexlive.com. As for yesterday’s development, the firm says that: The firm continues to see the probability of a no-deal Brexit being at 15%, the probability of a no Brexit outcome being at 35%, and a probability of a ratified/delayed Brexit deal being at 50%. Source: forexlive.com

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Markets News Stocks 

GOLDMAN SACHS: There’s striking proof that a stock-market slowdown is near, and surviving it will require the use of one time-tested strategy

“That’s according to equity strategists at Goldman Sachs, who are advising investors to prioritize a strategy that susses out single-stock winners over relying on positive macro news to lift the broader market” writes Akin Oyedele for businessinsider.com. The prospect of moderate returns raises the importance of finding single stocks that can outperform the broader market.Expectations haven’t materially improved, so Goldman isn’t counting on the economy to be an exceptional driver of stock-market returns in the near term.These two factors leave the market without much upside potential in the near term,…

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News Oil 

Goldman sees oil rising toward $70, says demand forecasts are too gloomy

“Our constructive outlook for oil prices in 1H19 is predicated on both large supply cuts as well as resilient oil demand growth,” Goldman analysts said in a research note released on Tuesday evening” writes Tom Dichristopher for cnbc.com. Goldman’s outlook is based on its view that forecasts for demand growth have grown too gloomy and OPEC has adopted a “shock and awe” approach to pulling back supply.Goldman believes the world’s appetite for oil will grow by 1.4 million barrels per day in 2019. Source: cnbc.com

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Markets News 

Goldman Sachs Goes After The Middle Market

“Goldman Sachs is planning to ramp up its presence among middle-market corporates, according to its Chief Executive Officer David Solomon” reports pymnts.com. Analysts at Oliver Wyman said in January that the wholesale payments and cash management market yielded an estimated $250 billion in revenue in 2017 for big banks.The firm’s push into the middle market comes as Goldman is investing in smaller companies, too.The tool will heighten Goldman’s position against key players in the corporate cash management space, including Citigroup and JPMorgan. Source: pymnts.com

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News 

Goldman Leads $44M Round For Biz Credit Startup Nav

“Goldman Sachs and other investors have led a $44 million investment round in Nav, a company linking small businesses to their business credit scores and reports” reports pymnts.com. Nav partners with third-party credit providers and promotes their financial products on its platform, enhancing visibility for small business borrowers.The addition of Experian‘s venture capital unit, Experian Ventures, in the most recent round is noteworthy, with Experian having recently partnered with Nav to offer its small business credit score on the Nav platform. Source: pymnts.com

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News 

Goldman Sachs Leads Nav’s $44M Funding Round

“Goldman Sachs and other investors have led a $44 million investment round in Nav, a company linking small businesses to their business credit scores and reports” reports pymnts.com. Nav partners with third-party credit providers and promotes their financial products on its platform, enhancing visibility for small business borrowers.The addition of Experian‘s venture capital unit, Experian Ventures, in the most recent round is noteworthy, with Experian having recently partnered with Nav to offer its small business credit score on the Nav platform. Source: pymnts.com

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News 

Goldman Sachs, Point72, others invest $44M in business credit startup Nav, which offers easy credit report viewing and a marketplace for financial products

“NEW YORK (Reuters) – Nav, a startup that gives small businesses free access to their credit reports, said on Monday that it had raised $44 million from investors including Goldman Sachs Group Inc (GS.N), Point72 Ventures and Experian Ventures (EXPN.L)” writes Anna Irrera for reuters.com. Goldman, Point72 and CreditEase Fintech Investment Fund, had made a first investment in Nav in 2017.Nav is among the growing batch of young companies using technology to offer more user-friendly financial services to small businesses and consumers.Founded in 2012, Nav aims to make it easier…

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Markets News Stocks 

Goldman Sachs just dumped a trade recommendation that’s crushed the market over the past 2 years. Here’s why, and what it means for investors.

“There have been 7 cycles of strong balance sheet stocks outperforming weak balance sheet stocks since 1980.” 4″ writes Akin Oyedele for businessinsider.com. The strong run for companies with strong balance sheets is over for now, according to Goldman Sachs.The relative valuation of strong vs. weak balance sheet stocks ranks in the top quintile versus the past 35 years. “Based on five different metrics, the relative valuation of strong vs. weak balance sheet stocks currently stands in the 85th historical percentile since 1980.”. Companies with strong balance sheets have outperformed…

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News 

Meet the jet-setting Goldman Sachs banker who led Qualcomm through a hostile takeover, got stuck in Trump’s trade war, and made magic happen across the semiconductor industry

“Honestly, I never thought I would have been a banker this long but at its core, I really love my job,” Kiely said” writes Becky Peterson for businessinsider.com. But in 2018, the trade war between the US and China put semiconductor deals in the region on hold.Not every advisory role is an M&A job, and sometimes long-term endeavors, such as Qualcomm’s attempted $44 billion acquisition of NXP, fall through. Source: businessinsider.com

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News Stocks 

Chip stocks fall after Goldman and others warn they’ve gotten ahead of themselves

“Semiconductor stocks fell across the board Friday after Goldman Sachs and another brokerage warned clients that the industry’s 2019 rally looks excessive compared to chip demand expectations” writes Simon Dawson for cnbc.com. Premarket trading Friday morning suggested a widespread sell-off in chipmaker and semiconductor equipment stocks following the gloomy analyst prognostications.”This is in contrast to the significant rally in the memory and HDD stocks year to date even on weak fundamentals.”. “Our recent industry discussions suggest that memory fundamentals remain very soft, and prices continue to decline,” Goldman analyst Mark…

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