The reason Trump wants to decertify Iran's nuclear agreement is pure in party fighting. It is nothing more than politics.
Iran is upholding it's part and Trump wants to expose those in Congress that are actually responsible and honest. He wants his party to divide and put more Tea Party members in Congress. He wants more extremism. He wants to be President forever.
Additionally, the Dow is dependent on the profits of Goldman - Sachs.
October 10, 2017
By Matthew J. Belvedere
...With the stock market (click here) hitting record highs again early Tuesday, investors will be hard-pressed to find bargains, said the chief U.S. equity strategist at Goldman Sachs.
"There's no value anywhere in the market. Everything trades at high levels. And everything trades in a well-ordered fashion," David Kostin told CNBC's "Squawk on the Street."
In the absence of cheap stocks, the earnings side of the price-earnings ratio becomes key as third-quarter results start to pour in over the next few weeks, he contends.
Kostin expects technology stocks to deliver about 11 percent earnings growth for the July-to-September period compared with roughly half that for the rest of the market....
This is from Morgan Stanley:
October 10, 2017
By Patti Domm
Goldman Sachs could be a winner this earnings season even with weaker revenues, while General Electric could be a loser, with a rare profit miss, according to Morgan Stanley.
Morgan Stanley equity strategists picked nine stocks they believe could be near-term movers in the early weeks of earnings season, either due to earnings or other developments.
One of those is Goldman, which could post better-than-expected on revenues, they said. (There are numerous former employees in the Trump administration overseeing deregulation.)...
...The stock could also see the added benefit of deregulation. Fed Vice Chair of Supervision Randy Quarles was confirmed last week, and Joseph Otting, former OneWest CEO, is likely to be confirmed in the next several weeks to run the Office of the Comptroller of Currency. Four of seven "key regulatory positions will be filled by nominees from the new administration, paving the way for deregulation to accelerate," Graseck wrote.
Goldman, she said, is the cheapest way to play the deregulation theme since it is less pricey than the money center banks on a price-earnings basis. The company has targeted $900 million in cost cuts (That was $900 million, nearly a trillion US in cost cuts. That doesn't happen. It just doesn't happen. Especially, considering Goldman is adding personnel to their tech stock holdings.) and seeks to drive its expense ratio lower, from 66 percent in 2016 to 62 percent in 2018....
GE, on the other hand, could see a rare earnings miss, said Morgan Stanley analyst Nigel Coe. Coe said GE could miss versus the consensus due to its power and aviation results....
...Coe said he agrees with the bears that GE has "deteriorating cash flow, low earnings quality, persistent downside and no clear break-up value." There will likely be revisions to 2018 expectations but he added that earnings can grow past 2018 with improved growth in aviation, healthcare and renewables through 2020.
Among the stocks on Morgan Stanley's potential list of earnings season winners are Alexion Pharmaceuticals, which may miss on Solaris revenues but could get approval for extending the drug's use. The FDA PFUDA data is Oct. 23 and could drive the stock "materially higher and more than offset the weak quarter," the firm noted. Margins are also improving as a new, experienced management team takes charge.
Others in the group for potential upside are Bank of the Ozarks, Invesco and Thermo Fisher.
Stocks that may stumble during earnings include Amgen, Group 1 Automotive and Popular, Inc., according to the note. On Amgen, Morgan Stanley said the earnings could be weak on concerns about Enbrel, which is 25 percent of revenues. Morgan Stanley, however, is overweight Amgen and said there will be upside from its pipeline and recent launches.
The author of the above article stated 9 stocks to watch. The Financial Sector has at least three of those nine and one is Goldman Sachs.
From the Financial Times:
October 10, 2017
By Katie Martin
...But, as Goldman’s close links to the Trump administration (click here) have given risen to the term ‘Government Sachs’, Mr Barroso said the bank “should not be seen as a political institution. We are a business, a commercial institution. So, I think we should avoid partisan intervention. That’s not what people expect from a firm like Goldman Sachs.
Goldman - Sachs is looking to Germany as the place where it's EU interests will take shape.
Business Insider:
October 11, 2017
By Frank Chaparro
Goldman Sachs (click here) is continuing to fill its ranks with top tech talent to cement its position as a leading technological force on Wall Street.
On Tuesday the financial services powerhouse said Jeff Wecker, a former senior manager at Bridgewater Associates, the Connecticut-based hedge fund, will join the firm in the new role of chief data officer, according to a memo seen by Business Insider.
Jeff Wecker didn't leave the hedge fund expecting a lateral move in his financial compensation at Goldman. They had to pay him plenty to get him, yet they cut costs by nearly a trillion in a year. Wecker is not the only tech guy moving to Goldman. Those cost cuts don't happen. They simply don't happen.
"In this newly created role, Jeffrey will be responsible for Data Governance and Architecture firmwide, with a particular focus on our data and information strategy, controls, policy, commercialization, and business intelligence," the memo said....
October 10, 2017
...Goldman Sachs Group Inc (click here) has hired Benno Meier, formerly at Morgan Stanley, as a managing director of institutional sales for commodities, two sources said on Tuesday....
Benno Meier didn't volunteer at Goldman Sachs.
Kathy Matsui, MD (click here for audio and video report worth hearing - Thank you) and chief Japan strategist, Goldman Sachs, says that Prime Minister Shinzo Abe is seen keeping a simple majority for his coalition government in the Oct. 22 election.
The same website as above reports on Walmart profits as being up $5 billion. They are still a corporate welfare company. Their employees still can't pull their own weight in this world without Food Stamps and Medicaid, but, the private owners have increased their take out of our economy of $5 billion over past performance.
