Goldman Sachs says it's a good time for investors to eye single stock options ahead of a slate of quarterly results. "Single stock options are more attractive ahead of earnings than at any time in the past 20+ years, in our view," analyst John Marshall wrote in a Wednesday note from the firm. "We favor option buying strategies ahead of select earnings events to gain leverage to directional moves.
mountain Nvidia stock has added more than 195% since January. Bath & Body Works , meanwhile, will report quarterly results in mid-August. Shares could move 6.8%, according to Goldman Sachs. The retailer raised its forward guidance as it reported results in May, which sent the stock climbing more than 10%. Goldman Sachs retail analyst Kate McShane is forecasting 34% upside for the stock over the next 12 months.
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