🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

This indicator foresaw Goldman Sachs's 56% jump from the lows

Published 18/07/2024, 10:00
© Reuters.
US500
-
GS
-

Investing.com — Knowing the true value of an asset before making a move into it is one of the main attributes that separates the pros from the amateurs when it comes to making money in the markets.

While some invest blindly, guided subjective factors such as investor sentiment and FOMO, the big boys will make sure to have all the latest tools at their disposal before making a decision.

But what if you could have all the top indicators in the market combined into one, simple price target metric?

That's the case for our premium subscribers, who have been receiving top-tier, fundamentally sound stock picks for less than $8 a month using this link.

Check out this real-life case to get a better grasp of what we're talking about:

15 months ago, on 03-18-2023, Goldman Sachs Group (NYSE:GS) traded at $303.54. Using the best-in-breed combination of fundamental and technical metrics, including 17+ industry-recognized evaluation models, our Fair Value estimated the stock was undervalued by as much as 63%.

Since then, the stock has climbed by 56% to $472.83 on 07-10-2024.

Who would have guessed that a value stock such as Goldman Sachs would gain 56% in just over a year?

Well, our Fair Value tool did.

Powered by state-of-the-art fundamental analysis models, it flashed a buy on Goldman Sachs just as the stock was about to explode higher.

Fast-forward to now, and Goldman Sachs rode the bull market with above-average returns, outperforming the S&P 500 by a wide margin.

But how do you make sure you don’t miss the next GS?

Here are just a few of the undervalued stocks to consider right now*

Subscribe here for less than $8 a month using this link as part of our summer sale to see all the picks today!

Undervalued Stocks Right Now
See them here

Conversely, using Fair Value also helps you find overvalued stocks to avoid right now*

Stocks to Avoid Now
See them here

Subscribing to InvestingPro gives you unlimited access to the most reliable Fair Value tool available online—the kind that hedge funds use.

Think of it as bullet-proofing your watchlist or portfolio to see which stocks may be over- or undervalued!

Learn more in our comprehensive Fair Value tool blog post

Take advantage of our exclusive summer sale and get an insight into the winners now for less than $8 a month! Subscribe Now for Up to 50% Off!

*And since you made it all the way to the bottom of this article, we'll give you a special 10% extra discount on all our plans with the coupon code PROPICKS2024!

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.