(Source: Goldman Sachs Research)
Today Goldman Sachs upgraded crude and put a $85 price target on it. This scared the weak shorts out in big fashion and above are some highlights. I like HES the best out of the group especially at $59. I also like CVX and COP. ERX is one of to watch at $30.
However, I will say this, Oil is the #1 leader of the market. Oil began to rebound around noon and that is when the market got serious and rallied hard. Look at today's oil chart and S&P chart and you can see the movement. Yesterday we had a selloff but it was lead by oil.
I really think big investment banks know this and are driving up the price of oil because of the market the market to continue to go up.
GOLDMAN DESTROYED THE SHORTS TODAY. HIGH CRUDE IS HERE TO STAY!
ReplyDeleteyes, goldman dip but i remain weary on goldman calls. This same analyst called for $200 a barallel on oil when it was at $140
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