With Goldman Sachs labeling 2024 as "the year of the stock picker," the firm is highlighting equities that the options market is signaling could be poised for sharp moves after the release of quarterly reports. "Options prices have risen in reaction to geopolitical events and in anticipation of seasonally high earnings volatility, the US election, and the November FOMC meeting," John Marshall, head of derivatives research at Goldman wrote on Thursday.
Analyst Brooke Roach forecasts 55% upside for Gap stock, largely driven by market share growth and improvement in both its merchandise margins and profitability over the next year. Moreover, the analyst's earnings forecast is 2% higher than consensus outlooks on Wall Street. Gap is coming off of a second-quarter earnings beat . With strength at its Old Navy brand, the company boosted its forecast for the year. GAP YTD mountain Gap stock.