Goldman Sachs Sticks to Their Buy Rating for JD Sports Fashion (JD)
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Edwards is an analyst with an average return of -4.8% and a 46.57% success rate.
Currently, the analyst consensus on JD Sports Fashion is a Moderate Buy with an average price target of p96.71.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
39 minutes ago
- Yahoo
‘Risk-on'! Stocks jump as EU and Japan trade deals give markets the certainty they crave
Markets rallied as the U.S. moved closer to trade deals with Japan and the EU, bringing much-certainty after months of President Trump's volatile tariff threats. The S&P 500 hit a new record and futures are up prior to the opening bell. Stocks rose across Europe and Asia this morning. With uncertainty easing, investor risk appetite has increased, according to Deutsche Bank and Goldman Sachs. The S&P 500 delivered yet another new record high yesterday, closing up 0.8% at 6,358.91. S&P futures are calling for more gains this morning. Markets in Europe, Japan, and China are all up this morning. Why the joy? Because the uncertainty caused by Trump's tariff negotiations / threats / demands / letters is finally clearing away. Yesterday markets digested the proposed trade deal with Japan (15% tariffs plus some other stuff) and this morning there are reports that the EU is closing on a deal (again, 15% tariffs plus some other stuff). Those rates are half what Trump initially proposed. The TACO trade (Trump Always Chickens Out) appears to be in full effect, for anyone who was long on stocks. Japan and Europe are two of the U.S.'s largest trading partners and now that the markets have some certainty around trade, it's back to 'risk-on' for investors, according to Jim Reid's team at Deutsche Bank. 'The risk-on tone has continued over the last 24 hours, with the S&P 500 (+0.78%) at a fresh record thanks to growing optimism that more trade deals would be reached before August 1. The initial catalyst was the US-Japan deal we woke up to this time yesterday, with both European and US risk assets rallying as they caught up to the news. But around the time that European markets were going home, an FT headline said that the EU and the US were closing in on a similar deal that would also put 15% tariffs in place,' he wrote. 'If a 15% total rate inclusive of existing tariffs is agreed as suggested, this would mark only a marginal increase compared to the 10% additional tariffs that EU exports to the US have faced since Liberation Day but with certainty about the future.' The key word there is 'certainty'. It's what the markets want. The other uncertain issue that's now in the rearview mirror is Trump's fiscal spending/debt bill. 'The passage of the 'One Big Beautiful Bill' removes one major source of policy uncertainty by extending key expiring provisions of the Tax Cuts and Jobs Act (TCJA), thereby averting a fiscal cliff worth 1% of GDP in 2026–27,' Gregory Daco at Parthenon-EY told clients. With certainty back on the table, 'risk appetite is up,' according to Christian Mueller-Glissmann and Andrea Ferrario at Goldman Sachs. The bank's proprietary 'Risk Appetite Indicator' had been floundering below -1 on the scale for much of the year but has now poked its head back into positive territory. Here's a snapshot of the action prior to the opening bell in New York: S&P 500 futures were flat this morning, premarket, after the index closed up 0.78% yesterday. STOXX Europe 600 was up 0.58% in early trading. The UK's FTSE 100 was up 0.85% in early trading. Japan's Nikkei 225 was up 1.59%. China's CSI 300 Index was up 0.7%. India's Nifty 50 was down 0.51%. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
‘Best year ever': UniCredit delivers record earnings, raises 2025 outlook
UniCredit S.p.A. has kicked off the European banking earnings season with a stellar performance, surpassing analyst expectations and raising its full-year guidance, buoyed by robust core revenues and pristine asset quality. The Milan-based lender posted a record net profit of €3.3 billion in the second quarter of 2025, lifting its first-half earnings to €6.1 billion. Earnings per share surged to €2.16, up 34% year-on-year and well ahead of the €1.55 forecast. Core revenue rose 1.3% annually to €5.9 billion in the quarter. According to the bank, these results are transforming what was meant to be a "transitional year into the best year ever." 'UniCredit has achieved outstanding financial results, with a record-breaking Q2 contributing to the best H1 in the bank's history,' said Chief Executive Officer Andrea Orcel. 'We are protected for the future as our low cost of risk, strong asset quality and unmatched overlays safeguard against potential macroeconomic downturns,' he added. Upgraded outlook and investor payouts In a further sign of confidence, UniCredit raised its full-year 2025 net profit guidance to approximately €10.5 billion, up from a prior target of more than €9.3 billion. The bank also lifted its net revenue outlook to above €23.5 billion and upgraded its return on tangible equity (ROTE) forecast to around 20%, from previously over 17%. Longer-term projections were also improved, with 2027 earnings now expected to reach at least €11 billion, up from circa €10 billion. The bank raised its distribution guidance to equal to or above €9.5 billion for 2025, including a cash dividend of at least €4.75 billion. An interim cash dividend of about €2.1 billion is envisaged, representing a 46% increase year-on-year, with the ex-dividend date set for 24 November. In addition, a €3.6 billion share buy-back programme is slated to commence following the second-quarter results. Goldman Sachs analyst Chris Hallam praised UniCredit's 'beat and raise' performance, highlighting the bank's continued earnings momentum and shareholder-friendly capital distribution. Related Asian markets rise, Toyota up by 14% after US tariff deal Billion euro deal: Sanofi buys UK biotech company to expand respiratory vaccine portfolio Balance sheet resilience and strategic clarity UniCredit's gross non-performing exposure (NPE) ratio remained stable at 2.6%, while the cost of risk stayed at a low nine basis points in the first half—underscoring the group's asset quality and prudent provisioning. Separately, UniCredit withdrew its offer for Banco BPM, citing unresolved conditions linked to Italy's golden power regulations. Orcel noted that the ongoing uncertainty surrounding the authorisation process did not benefit shareholders or the bank, prompting the decision to pull the deal. While progress had been made with the Italian Administrative Tribunal (TAR), the European Commission's Directorate-General for Competition and the Italian government, the bank concluded that the timeline for resolving the regulatory hurdle exceeded the offer window. Market reaction and sector momentum Investors responded positively to the results and upgraded guidance. UniCredit shares rallied 2.6% in early Wednesday trading to €59.60, bringing year-to-date gains to 54%. The stock surged 56% in 2024 and 85% in 2023, making it one of Europe's best-performing financials. The Euro STOXX Banks index advanced 1.4%, outperforming the broader Euro STOXX 600, which rose 0.9%. Peers including Deutsche Bank, Banco Bilbao Vizcaya and Nordea Bank each gained 1.5%, while BNP Paribas rose 1.1% ahead of its second-quarter earnings release on Thursday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
2 big warning signs a correction in stocks may be looming, according to Goldman Sachs
The stock market is at risk of a near-term correction, an investment chief at Goldman Sachs says. The firm's co-CIO of multi-asset solutions pointed to two warning signs that markets could be too frothy. Others on Wall Street, including Stifel, Evercore ISI, and HSBC, have been warning of a coming correction. Investor exuberance is high, but there's a pair of risks that could derail the latest rally to record highs. Alexnadria Wilson-Elizondo, the co-CIO of multi-asset solutions at Goldman Sachs, said the bank was expecting the market to soon run into a correction. There are two warning signs that the market is flashing, she said, speaking to CNBC about her outlook on Tuesday. "A little bit of a correction," Wilson-Elizondo said of the short-term. "And it would be an opportunity for us to continue to add back into the portfolios." Here are the two warning signs she sees: 1. High risk-appetite Market sentiment has improved dramatically since President Donald Trump first unveiled his tariffs in April — but there are signs that investors are growing overly optimistic, Wilson-Elizondo said. According to a survey conducted by Bank of America, global fund managers' sentiment reading in July rose from 3.3 to 4.3. Investors are now the most positive about the market since February, when they were still feeling upbeat in the early days of Trump's second term. Investors have also largely brushed off the risk of a recession. Fifty-nine percent of fund managers said they believed a global recession was unlikely, the most optimistic investors have felt about growth in about five months, the BofA survey found. "When you look at fund manager surveys or risk appetite and sentiment, things have shot up to record-highs in three months. So really quickly, tactically people have re-invested," Wilson-Elizondo said. 2. Retail's stock buying boom Retail investors have been ultra-bullish on stocks, aggressively buying the post-Liberation Day dip in equities. Wilson-Elizondo said retail investors purchased around $50 billion worth of stocks over the last month, in-line with estimates from Barclays released on Tuesday. In a note earlier this month, JPMorgan estimated that retail investors purchased a net $270 billion worth of stocks over the first six months of the year, and were on track to buy a net $360 billion in the second half. "It's coming in at much higher levels than it has in the past," Goldman's Wilson-Elizondo said of retail activity. "And in our minds, that's very vulnerable to changes in the labor market." The job market has remained resilient, but there are signs that hiring is beginning to slow, Goldman strategists wrote on Tuesday. The bank pointed to the slowdown in private job gains and said the job market risked hitting "stall speed" if the economy continued to slow — a situation where jobs growth is so week, it creates a "self-reinforcing rise in unemployment," they added. "There's a very high correlation between the labor market and the willingness to be invested in risky assets," Wilson-Elizondo added. Still, Wilson-Elizondo said she remains bullish on the outlook for stocks over the long term. She pointed to a cocktail of bullish factors that could help stock prices tread higher past 2025: Monetary policy. The Fed is expected to cut interest rates down the line, which should loosen financial conditions and offer a boost to risk assets. Investors are pricing in a 93% chance the Fed will cut rates anywhere from one to three times by the end of 2025, according to the CME FedWatch tool. Trump's tax bill. The GOP tax and spending bill, which includes some stimulus measures and offers tax breaks to key businesses, is also expected to help juice the market, Wilson-Elizondo said. Talk of a pullback has been swirling on Wall Street since major indexes climbed back to record highs. Evercore ISI, Stifel, Pimco, and HSBC are among the firms that have recently flagged the risk of a stock correction. Read the original article on Business Insider Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
