Investing.com — Despite the mixed results from bank earnings over the last two trading sessions, savvy investors who were smart enough to allocate resources to Goldman Sachs Group (NYSE:GS) going into earnings are now collecting some nice profits as the stock surpassed analysts’ estimates on both profitability and EPS.
Conversely, investors who placed their bets on JPMorgan Chase (NYSE:JPM) are unfortunately grappling with the stock’s significant 7% drop last Friday. The banking giant’s less-than-optimistic outlook for its 2024 revenue growth serves as a stark reminder of the need for careful consideration and due diligence in investment decisions.
But as a retail investor, how could you have foreseen these moves?
Given the amount of noise out there, the answer is you probably couldn’t – at least not by yourself.
As of this writing, Goldman Sachs’ stock is surging by 4%. This quarter’s success can be attributed to the firm’s diverse revenue streams, which saw notable performances in Investment Banking, Fixed Income, Currency and Commodities, and Equities. The Asset & Wealth Management segment also played a significant role, reporting an 18% increase in net revenues compared to the first quarter of the previous year.
GS’s success adds to our already long list of earnings season winners picked in 2024, such as:
- Meta Platforms (NASDAQ:META) – Up 21.75% immediately after Q4 23 beat.
- Cirrus Logic (NASDAQ:CRUS) – Up 14.2% immediately after Q3 23 beat.
- Super Micro Computer (NASDAQ:SMCI) – Up 8.9% immediately after Q2 24 beat.
- PACCAR (NASDAQ:PCAR) – Up 4% immediately after Q4 23 beat.
- American Express (NYSE:AXP) – Up 6.9% immediately after Q4 23 beat.
- NVIDIA Corporation (NASDAQ:NVDA) – Up 13.1% immediately after Q4 24 beat.
- Goldman Sachs Group – Up 3.5% after Q4 23 beat.
- DEXX Laboratories (NASDAQ:IDXX) – Up 7.56% immediately after Q4 23 beat.
(*Note that companies may count their fiscal years differently)
But these are just individual winners from our composed strategies, which consistently beat the market by a hefty margin.
As a matter of fact, following our Tech Titans strategy would have yielded you a life-changing 1,779% return over the last ten years – as seen in the chart below:
