Goldman says beware stocks getting government assistance even though they may pop on the news

While it may be tempting to try to gamble on which stocks could see a spike thanks to government relief aid, two Goldman Sachs strategists are warning investors against putting money in companies that may need public help.

Vice President of U.S. Equity Strategy Arjun Menon and Chief U.S. Equity Strategist David Kostin cautioned investors that companies that take government aid often rally in the near term, but tend to lag the broader stock market in the medium term.

Pro Best advice I have heard, yet. You think people would wisen up after Fanniegate fiasco, shareholders STILL over barrel 12 years later. Government will screw shareholders. Who else gets to buy 4 billion warrants for .00001/share? Thieves.

Pro The truth is : Goldman wants you to buy only THEIR vodoo startup stocks or to pump up further their flag ship BIG TECH. Goldman is not interested in real US-economy shares to rise. So obvious. ;-(

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Boeing hires Lazard, Evercore to assess government aid or private loans: sourceBoeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or private sector loans, a person briefed on the matter confirmed on Friday. I first read this as “Boeing hires Lizard” and thought “oh that makes sense.” Can someone remain me? Why is it boeing getting bailed out with covid money if they did this to themselves way before the pandemic happen? Reverse split. Capitalize the company using common stock shares
Source: Reuters - 🏆 2. / 97 Read more »