Reported 3 days ago
Jim Cramer has identified The Goldman Sachs Group, Inc. (GS) as a key indicator for the stock market, highlighting its impressive performance amidst rising mergers and acquisitions. GS shares have surged 25.5% year-to-date and 56% since April. Cramer argues the stock should be revalued to reflect a price-to-earnings ratio closer to 18, citing its role in key market activities. His comments come amidst broader discussions on market dynamics and investment opportunities.
Source: YAHOO