Goldman Sachs BOMBS as Morgan Stanley surges

The new king of Wall Street ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ There's always a danger when it comes to playing a certain "sector." You know what I mean - betting on biotech, investment banking, mining, or any other field. That's practically the reason we even have ETF's. It's an easy way to do a big picture trade and say that an entire industry has nowhere to go but up. Yet you need to be careful with bets on an entire sector. Yes, it's essential to have a grasp of what's going on overall. But as I've said before - don't miss the trees for the forest. We got a classic example of that yesterday. Goldman Sachs (GS) posted ruinous earnings - posting revenue 70% lower than what analysts were expecting. This is after the Wall Street firm, once considered so powerful that it was at the center of just about every conspiracy theory surrounding global domination, had to lay off thousands of workers. And it's not alone in this. Plenty of Wall Street firms have been imposing hiring freezes and laying off staff. It would be the easiest thing in the world to say investment banking is in terminal decline. But Goldman Sachs wasn't the only bank reporting yesterday. Morgan Stanley (MS) also reported earnings, and it was far better than expected. Yes, revenue was down from the year before - but it still beat what analysts were expecting. And earnings were $2.01 per share - beating the consensus estimate of just $1.19 per share. Not surprisingly, the ticker told the tale. GS was down more than 6.4%, while MS was up almost 6%. The metanarratives surrounding the market and trading are important, and obviously essential if you are playing SPX. But don't forget that stocks are fundamentally about companies. Management matters. Policies matter. Products matter. Companies are not just passive entities tossed around by external events. They have control over their own fates. The success ultimately is reflected in the numbers and in the stock. It's like in The Patriot - "Aim Small, Miss Small." Keep Moving, TRADE OF THE DECADE THE MOST CRITICAL STOCK TO OWN NOW Mr. X identifies "the most important company that you’ve never heard of…" and how you can take advantage of it to reap potentially life-changing profits. [CLICK THE LINK HERE BEFORE IT'S TOO LATE]( ) WORD ON THE STREET GS/MS Divide, United Soars, Meme Stock Mania - The New King Of Wall Street - Goldman Sachs just isn't what it used to be. The company's catastrophic fourth quarter results leave no room to hide when rival Morgan Stanley massively outperformed expectations. "We reported solid fourth quarter results amidst a difficult market environment," said Chairman and CEO James Gorman. Wealth management did especially well, posting record net revenue. - New Strategy - Invest In Companies Going Bankrupt - Bed Bath & Beyond (BBBY) is nearing bankruptcy, but that isn't stopping traders eager to take advantage of a short squeeze. And it isn't alone - GameStop (GME) and AMC are along for the ride. The three meme stocks were up 13%, 6%, and 20% respectively. Only $300 per share to go! - Flying High - Southwest has had a very bad, no good, terrible few weeks, but it's a mistake to think all the airlines are sharing the same fate. United Airlines (UAL) is crushing Wall Street estimates as strong demand is holding up despite higher prices. In fact, UAL's revenue was 14% higher for the last three months of 2022 compared to the same period in pre-pandemic 2019. - RBLX Logs On - Roblox was pummeled in 2022, as kids left the house after the end of lockdowns. But in a tough environment, the company is showing it has staying power. Bookings in December were up about 20% year over year, with revenue between $430 and $439 million. The stock was up more than 11%. HOT SPOTS: What's Going on in Geopolitics - Kissinger Says Ukraine Should Join NATO - He may have been out of power for decades, but when Henry Kissinger speaks, the elite listen. "The idea of a neutral Ukraine under these conditions is no longer meaningful," Henry Kissinger said at the World Economic Forum. He has now reversed his previous stance and is open to Ukraine joining NATO. However, he added that Russia needs to be given a way to rejoin the international system. - Russia Expands Military – While the Wagner paramilitary company fights a bloody battle near Bakhmut, Russia is moving to expand its conventional forces. The army is being increased to 1.5 million soldiers, and Defense Minister Sergei Shoigu said new commands are being added including "self-sufficient" units that will guard newly annexed territory in Ukraine. There will be three new motorized-infantry divisions and two airborne divisions. - Missile Misstatement Causes Resignation In Ukraine - Presidential advisor Oleksiy Arestovych has offered to resign after he said Ukrainian air defense had shot down a Russian Kh-22 missile that hit an apartment building in Dnipro. The Ukranian government later clarified and said that it didn't have the "means to shoot down such missiles." Arestovych, one of Ukraine's most prominent spokesmen on social media, acknowledged a "fundamental error." His resignation has reportedly been accepted by President Volodymyr Zelenskyy. JPMorgan declares this new oil boom is a SUPER bull for oil and says "an energy revolution is underway." Which is why Chief Investment Strategist, Adam O’Dell, has just released the details on his No. 1 oil stock of 2023. [Click here for more details.]( ) CUTTING EDGE: What[']( )s Happening In Tech - Tesla Fraud Trial Underway - Elon Musk's 2018 tweets about taking Tesla private have finally led to a fraud trial. Jury selection is underway, with potential selections speaking about the TecnoKing's media image. Musk has failed to get the venue changed and the trial is expected to last for three weeks. - Only Good News Allowed – Social media is controversial because of the supposed mental harm it inflicts on teenagers. Discord is attempting to change the discussion with its acquisition of "Gas," an app that offers polls that are designed to boost users' confidence. Discord said that while it will keep Gas stand-alone for now, it also said it will integrate some of its apps into its servers. Gas may soon become just another part of Discord. - FTX Story Gets Worse And Worse - If you had crypto with FTX, this story is going to get worse before it gets better. According to a preliminary investigation, about $415 million in "hacked crypto" remains outstanding. "We are making important progress in our efforts to maximize recoveries, and it has taken a Herculean investigative effort from our team to uncover this preliminary investigation," said acting CEO John Ray. While the FTX cash has rocked crypto, Bitcoin's price is recovering and is now over $21,000 FOR YOUR CONSIDERATION We are in a bear market, and if your general outlook is bearish then you might only be looking for short plays. It's all about timing. Whatever's happening with the market, if you don't know when to enter and exist, your predictive powers are meaningless. It's especially critical when it comes to options. Chris Hood argues that the only way to win is to constantly keep time on your side by taking advantage of "time decay." Here's how you do it. [TYPE THETA+]( ) Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing]( ). Copyright © 2022 Rogue Investing. All Rights Reserved. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Rogue Investing.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. 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