Steve Cortez Likes Goldman Sachs (GS)

On CNBC's "Fast Money Half Time Report," Steve Cortez said that he likes Goldman Sachs GS down at these levels, and will be buying shares of Goldman if it continues to remain in the $140's level. Cortez said that the company will be able to make money from its principal investments, just not the funds. Cortez said that he thinks Goldman will be just fine, despite receiving a downgrade from Dick Bove this morning. Bove downgraded the stock saying he doesn't think trading revenues are sustainable going forward. At last check, shares of Goldman were off $3.48 to $150.30, a loss of 2.26% on 8 million shares so far.
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Posted In: Long IdeasFast MoneyMediaTrading IdeasFinancialsInvestment Banking & BrokerageSteve Cortez
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