A Goldman Sachs executive is outlining potentially tactical stock trades as second-quarter earnings reports begin to roll out in mid-July.
John Marshall, Goldman’s head of derivatives research, says in a new interview with CNBC that the brokerages Interactive Brokers (IBKR) and Charles Schwab (SCHW) are benefiting from a surge in retail trading activity, which could boost their stock prices.
“The retail activity – while they may not have been buying intensely over the last couple of months, they’ve been very active, and that should be a tailwind for both of them.”Â
Marshall also says Goldman believes the equipment and machinery giant John Deere (DE) could benefit from the agricultural cycle, which the firm believes is at a cyclical bottom.
Goldman Sachs’ other tactical trades related to Q2 earnings reports include the cloud-based data storage firm Snowflake (SNOW), the aircraft leasing company Air Lease Corporation (AL), the restaurant franchise giant YUM! (YUM) and the global branded food company Hormel Foods (HRL).
In terms of stocks that could slide in price due to earnings reports, Marshall mentions the furniture giant Restoration Hardware (RH).
“While they don’t report until September, that’s a name which has tough compares.”
Other stocks that Goldman thinks could have potential downside include the airline giant Southwest (LUV) and the Boston Beer Company (SAM).
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
