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Berger: Goldman Sachs earnings estimates rise

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As investors prepare for vigorous trading during Q1 earnings season, Serge Berger, better known as The Steady Trader, is focusing his attention on the financial industry. Although investor estimates for the S&P 500 are down, the financial sector is showing signs of support. International investment bank Goldman Sachs is scheduled to report first-quarter earnings on Thursday, April 16th and sentiment surrounding the stock is optimistic. Two analysts at Credit Suisse recently raised their price target on the company’s stock to USD 225. Serge points out that the stock is currently trading near its 2009 highs and a move above USD 197 could signal further gains. With this in mind, he is looking to buy the stock at USD 197 with a price target of USD 215. A stop can placed at USD 186.

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