This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 Stocks With Huge Rebound Potential

Goldman Sachs Group

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

If you're looking for a financial stock that could have big rebound potential, then check out Goldman Sachs Group (GS), a global investment banking, securities and investment management company providing a range of financial services to a client base that includes corporations, financial institutions, governments and high-net-worth individuals. Over the last three months, this stock has dropped 16%, and so far in 2011 shares, are down over 33%.

Since February, shares of Goldman Sachs have dropped from their 52-week high of $174.97 a share to the current price of around $134 a share. A lot of the weakness in the stock of late is due to fears that the Dodd-Frank Bill will cripple their business. Plus, a potential criminal indictment by the U.S. government could be brought against Goldman, which would cause customers to run from the Wall Street king faster than you could say "guilty." I would put the odds of Goldman being indicted at about 1%. At worst they will end up having to pay another fine and admit no wrong doing.

From a technical standpoint, shares of Goldman have might finally be finding some buying support at around $133.60 to $131.50 a share. I say finally because the stock has pretty much been in a free fall for the entire year. The stock has been basing around those levels for the past month-and-a-half, so traders need to watch how it plays out here in the next couple of weeks. It might not be a bad idea to load up on GS on any weakness.

Goldman isn't a heavily shorted stock, but if the recent lows at $131.50 can hold, then look for this stock to bounce big. It's a hated name, and traders will circle back to pick up shares on the cheap if the market wants to rebound.

Goldman, one of Bruce Berkowitz's top holdings, shows up on a recent list of the 10 Cheapest Financial Stocks.

5 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs