Goldman Sachs' Quarter Was Too Darn Strong Not to Send Stock Exploding

Goldman Sachs blew Wall Street profit forecasts away on Tuesday. The market needs to show the stock some love.

Author:: Brian Sozzi
Publish date:: Jul 17, 2018 9:24 AM EDT

Goldman Sachs (GS) - Get Report blew Wall Street profit forecasts away on Tuesday. Yet, the stock reacted negatively -- continuing a theme of negative reactions to strong earnings reports this season.

Bottom line: Action Alerts PLUS holding Goldman crushed it. The stock deserves more love off the results.

Netflix (NFLX) - Get Report earnings were a colossal letdown across the board. For many traders of red-hot FANG (Facebook (FB) - Get Report , Amazon (AMZN) - Get Report , Netflix (NFLX) - Get Report , Alphabet (GOOGL) - Get Report ) stocks, results from Netflix should lead to one questioning exposure to the space. Amazon looks to have had a solid Prime Day, even with the site being down for a bit. That's bad news for retailers this holiday season.