Goldman Sachs Group is a leading global investment banking, securities, and investment management firm that provides a wide range of financial services to a diverse client base, including corporations, financial institutions, governments, and individuals. The company engages in various activities, including financial advisory services, underwriting of capital market transactions, asset management, and market making in securities and commodities. It is known for its expertise in mergers and acquisitions, risk management, and investment strategy, leveraging its extensive research capabilities and global reach to deliver innovative solutions in an ever-evolving financial landscape. Read More
The Sensex dropped 170 points, led by weakness in banks and metals, while consumer and auto stocks offered support. An analyst flags a bearish STBT setup in ICICI Bank.
Financial conditions ease markedly since April, prompting Goldman to caution that a further stock rally and weaker dollar could spur a bond yield surge.
Deckers was the worst-performing consumer sector stock in the first half of 2025, with shares falling about 50%. Crocs shares are down 2.6% year-to-date.
AeroVironment's capital raise, although causing a short-term stock dip, will fund manufacturing expansion to meet record demand and fortify its balance sheet.
Benchmark indices ended in the red, though retail sentiment stayed bullish. Metal stocks rallied in a weak market, while real estate and banking stocks saw selling pressure.
Wall Street's biggest banks are rewarding shareholders with a wave of dividend hikes and buybacks totaling more than $100 billion, after clearing the Federal Reserve's 2025 stress test with capital left to spare.
Analysts have noted that over recent months, Dollar General's low-cost products, which are also essential household items, have proven to be the company's selling point amid economic uncertainty.
Markets remained rangebound as investors weighed sectoral cues and the upcoming earnings season. Analysts pegged Nifty resistance at 25,800 and noted sustained FII selling pressure.
According to TheFly, the brokerage also raised its price target for the stock to $51 from $47, citing outsized expectations for free cash flow generation.
Shares of specialty vehicles contractor Oshkosh (NYSE:OSK)
jumped 5.1% in the afternoon session after analysts at Goldman Sachs upgraded the stock to "buy" from "neutral". The investment firm also boosted its price target on the company to $131 from $124, suggesting potential upside from its current trading levels.
Shares of toy and entertainment company Hasbro (NASDAQ:HAS)
jumped 5.8% in the afternoon session after the company received an upgrade from Goldman Sachs, which cited benefits from its popular "Magic: The Gathering" card game.
