Monday, April 13, 2009

End of Day Wrap - Goldman Pre-announces Earnings

Markets rallied hard into the close. JPM closed at $33.70, so there's a nice little gain there. Goldman Sachs, in a surprise move, announced earnings after the market's close today along with a $5Bn secondary offering. This is what I was worried about. Despite emphatically beating earnings estimates both in EPS and revenue, it is trading down $2. Nonetheless, the news is very positive. As a related stock, I bought 800 shares of Morgan Stanley @ $26.93.

Since April 6:
  • Today's Portfolio Move: + $1,827
  • Total Unrealized Gain/Loss: + $360
  • Total Realized Gain/Loss: + $3,569
  • TOTAL NET: + $3,929