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Stocks Intraday Alert: The Goldman Sachs Group, Inc. (GS), AmerisourceBergen Corporation (ABC), Ally Financial Inc. (ALLY)

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The Goldman Sachs Group, Inc. (GS) failed to extend gains with the stock declining -0.44% or $-1.1 to close the day at $249.44 on lower than average trading volume of 2.28M shares, compared to its three month average trading volume of 4.18M. The New York New York 10282 based company has been outperforming the investment brokerage – national companies by 18.3316% for last three months and its recent gains have pushed the stock slightly up 4.17% YTD, versus the investment brokerage – national industry which is up 6.92% for the same period. The RSI of 64.6 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, such as strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, including public offerings and private placements of various securities and other financial instruments, as well as derivative transactions entered into with public and private sector clients. The Institutional Client Services segment is involved in client execution activities related to making markets in interest rate products, credit products, mortgages, currencies, commodities, and equities; and provides securities services, such as financing, securities lending, and other prime brokerage services, as well as markets in and clears client transactions on primary stock, options, and futures exchanges. The Investing & Lending segment invests in and originates longer-term loans to provide financing to clients; and makes investments in debt securities and loans, public and private equity securities, and real estate entities. The Investment Management segment offers investment management products and services; and wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services. The company serves corporations, financial institutions, governments, and individuals. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.

AmerisourceBergen Corporation (ABC) had a light trading with around 2.28M shares changing hands compared to its three month average trading volume of 2.33M. The stock traded between $89 and $91.54 before closing at the price of $90.32 with -0.94% change on the day. The Chesterbrook Pennsylvania 19087 based company is currently trading 32.7% above its 52 week low of $68.38 and -4.42% below its 52 week high of $94.5. Both the RSI indicator and target price of 62.8 and $91.73 respectively, lead us to believe that it should be put on hold over the coming weeks.

AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers. It also provides pharmacy management, staffing, and other consulting services; supply management software to retail and institutional healthcare providers; and packaging solutions to various institutional and retail healthcare providers. In addition, this segment provides pharmaceutical distribution and other services primarily to physicians who specialize in various disease states, primarily oncology, as well as to other healthcare providers, including hospitals and dialysis clinics; distributes plasma and other blood products, injectable pharmaceuticals, vaccines, and other specialty products; and offers third party logistics and outcomes research, and other services for biotechnology and other pharmaceutical manufacturers. The company’s Other segment provides commercialization support services, including reimbursement support programs, outcomes research, contract field staffing, patient assistance and co-pay assistance programs, adherence programs, risk mitigation services, and other market access programs to pharmaceutical and biotechnology manufacturers; specialty transportation and logistics services for the biopharmaceutical industry; and animal health care products. It markets its products and services through independent sales forces and marketing organizations. AmerisourceBergen Corporation was founded in 1985 and is headquartered in Chesterbrook, Pennsylvania.

Ally Financial Inc. (ALLY) traded within a range of $23.15 to $23.62 after opening the day at $23.47. The company has seen its stock increase in value by 22.08% so far this year. The stock was down close to -1.11% on light volume in last trading session and closed at $23.22 per share. After the recent fall, the stock is currently holding -1.53% below its 52 week high of $23.62 and 56.47% above its 12-month low of $14.84. The shares are up by over 20.87% in the last three months, and the RSI indicator value of 74.27 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.

Ally Financial Inc., a diversified financial services company, provides a range of financial products and services primarily to automotive dealers and their retail customers in the United States. It offers dealer financial services, including a range of financial services and insurance products to automotive dealers and retail customers. The company also provides automotive finance services for dealers, such as new and used vehicle inventory financing; inventory insurance; term loans, including real estate and working capital loans; and vehicle remarketing services, as well as vehicle service contracts (VCSs) and guaranteed automobile protection (GAP) products. In addition, it offers retail automotive financing for new and used vehicles, and leasing for new vehicles; consumer finance protection and insurance products, such as VSCs, maintenance coverage, and GAP products; commercial insurance products; and senior secured commercial-lending products. Further, the company, through its subsidiary, Ally Bank provides savings and money market accounts, certificates of deposit, interest-bearing checking accounts, trust accounts, and individual retirement accounts; and online and mobile banking, electronic bill pay, remote deposit, and electronic funds transfer. It also engages in the management of held-for-investment mortgage loan portfolio that includes the execution of bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.

 

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