Latest news with #AdamParker
CNBC
5 days ago
- Business
- CNBC
Adam Parker: Reasonable to expect market growth of 9-11% thanks to AI
Trivariate's Adam Parker joins 'Closing Bell' to discuss what investors should be watching most closely, the latest news affecting markets and much more.
Yahoo
14-07-2025
- Business
- Yahoo
Why the S&P 500 could reach 10,000
The S&P 500 (^GSPC) has hit multiple record highs in 2025, but one Wall Street research firm argues the real ceiling is even higher. Trivariate Research, led by veteran strategist Adam Parker, said the benchmark index could reach 10,000 before the end of the decade. The bold bet is linked to earnings growth, high margins, and sustained investor appetite for AI-fueled companies like Microsoft (MSFT). "No question, it's achievable," Kenny Polcari, chief market strategist at SlateStone Wealth, told Yahoo Finance. "Do I think there will be bumps along the way? Absolutely. But by 2030, I think we could see the S&P 500 hit 10,000." The index currently sits around 6,250 and is up 6.5% on the year. In Trivariate's note to clients, Parker pushed back on skepticism surrounding the market's lofty valuation and whether profit margins can keep expanding. The key lies in productivity, and the investments companies have already made to boost it. "We are willing to underwrite 10-11% per year earnings per share growth as an annual average between now and the end of 2030," Parker wrote. That's just slightly above the long-term S&P average of 9% but enough to drive significant index gains. Polcari said the growth projection is ambitious, "but not without precedent." Accelerating AI and productivity gains could make that kind of earnings growth feasible, he explained. There are already tangible signs of AI-driven productivity gains, per Parker. Microsoft recently said it saved more than $500 million by using AI tools in its call centers. That kind of efficiency story will spread across the S&P 500, Parker said, particularly as more companies look to cut costs and boost margins without sacrificing growth. That said, the forecast isn't without risks. Pushback from investors largely centers around whether profit margins are already near record highs and if a rise in interest rates could cause price-to-earnings multiples to contract. Read more: What experts say about the possibility of additional rate cuts Parker acknowledged both points and flagged a possible "growth scare" between August and October, but he insisted those won't derail the long-term trend. One underappreciated factor is that many parts of the market have been in a margin and earnings slump. Five of the 11 GICS sectors, including Consumer Discretionary, Energy, and Industrials, are expected to post year-over-year earnings declines in Q2. A rebound in those areas could lift overall EPS, even if highfliers in tech start to moderate. Another argument is that investors are applying outdated valuation logic. The long-term average price-to-forward earnings ratio is 17x compared to 22x today, but today's margin structure is higher than that of yesteryear. More than 40% of the total market cap of the top 3,000 US stocks now boast gross margins over 60%, according to Trivariate, an environment that justifies higher multiples. Parker is also recommending investors overweight large-cap sectors like technology, financials, and healthcare, with the latter view as a "contrarian" AI beneficiary in the coming years. Of course, hitting 10,000 on the S&P 500 won't happen in a straight line, and any number of shocks could test investor conviction along the way. "AI and technology are still in their earning innings, and they'll continue driving efficiencies across sectors," Polcari said. "That's what can pull everything higher." Francisco Velasquez is a reporter for Yahoo Finance. He can be reached on LinkedIn and X. Click here for in-depth analysis of the latest stock market news and events moving stock prices
BBC News
11-07-2025
- Entertainment
- BBC News
York exhibition tells story of Viking Age in the North
An exhibition showcasing a collection of rare objects from the Viking Age has opened in York. Viking North, at the Yorkshire Museum, tells the story of the arrival of the Vikings in the North of England and their impact on local on display, some of which have never been seen by the public, include silver coins, jewellery and the best-preserved helmet from Early Medieval England. The exhibition is due to run until 2027, alongside a programme of events. Dr Adam Parker, curator of archaeology at York Museums Trust, said the display was made up of some of the museum's old collections and new objects they had not yet shown. Artefacts are also on loan from various other museums, to bring the collection together for the first time. Also included in the exhibition are items from the Bedale Hoard and the Vale of York Viking Hoard, which include a number of pieces of gold and silverware."People had jewellery and then cut it up to use in silver bullion to buy stuff," Dr Parker explained."It's been melted down into silver ingots and then turned back into jewellery as well, there's an interesting kind of recycling and a circular economy to it." There are also finds from the Aldwark Winter Camp, where the Viking Great Army arrived in 866. "A story that we don't tell very often is that every winter they stopped, they set up camp and had a mini festival," Dr Parker said."They all grouped together and looked after themselves, repaired their boats and their weapons and got bored and played games. "They did drinking, cooking and hunting, and there's some of that material on display here for the first time."He said there was "something for everyone" at the exhibition, with entry included with the normal Yorkshire Museum ticket price. "The exhibition is going to be on display for two years here, so there's plenty of time for everybody to be able to enjoy it," he added. Listen to highlights from North Yorkshire on BBC Sounds, catch up with the latest episode of Look North.
Sky News
09-07-2025
- Sky News
Tracking the fly-tipping gangs turning trash into cash
👉 Listen to Sky News Daily on your podcast app 👈 Local authorities in England dealt with 1.15 million fly-tipping incidents last year - a 6% rise on the previous 12 months. A Sky News investigation has tracked down some of those behind the dumping of people's waste illegally and discovered how they are making thousands of pounds from it. On today's episode, Niall Paterson speaks to Adam Parker, Sky's OSINT editor, on how he found out who was behind discarding huge amounts of waste in a farmer's field by analysing open source data, including their TikTok feed. Niall also talks to news correspondent Rachael Venables about her confrontation with a suspected fly-tipper and what's being done to tackle the problem.
CNBC
30-06-2025
- Business
- CNBC
Bitcoin's trading pattern is starting to change for the better, Trivariate's Adam Parker says
Bitcoin has been relatively calm over the past month while the stock market has reclaimed record highs and recent initial public offerings have ripped higher. That could ultimately be a point in its favor. The leading cryptocurrency has not made a new record high since May 22, according to CoinMetrics data. However, Trivariate Research founder Adam Parker said in a note to clients that bitcoin is starting to behave less like a meme stock and seems to be gaining further traction with the traditional finance crowd, making it "increasingly compelling." "Bitcoin appears to be trading slightly differently now than previously, with an increasingly higher correlation to high-quality growth stocks than hyper-growth junk stocks, which it was more correlated to previously," Parker wrote. 3M mountain Bitcoin has not made a new record high since May. More proof of the growing demand for bitcoin from mainstream investors is shown by ETF flows. The iShares Bitcoin Trust (IBIT) has raked in more than $4 billion of inflows over the past month, according to FactSet, even though the coin itself has seen rangebound trading. If bitcoin continues to become enmeshed in traditional finance, then the underlying supply-demand dynamics of the digital coin should lead to further gains, Parker said. "The number of millionaires on Earth now far exceeds the number of Bitcoins, and the number of people who will become millionaires will grow faster than the number of Bitcoins can grow, creating some supply / demand imbalance. The legitimacy of Bitcoin - now held in ETFs and available for custody by financial advisors - has created a demand argument that has some investors thinking it could continue appreciating at the 60% per year rate it has for the previous 15 years," Parker wrote. Of course, the crypto world is broader than just bitcoin, and it could be that speculative trading has now shifted elsewhere. One possible candidate is Circle Internet Group , which has surged nearly 500% from its IPO price of $31 but is drawing mixed opinions from Wall Street analysts. While some see upside for the stablecoin stock, JPMorgan's Kenneth Worthington gave Circle an underweight rating. JPMorgan was one of the bookrunners for Circle's IPO. Another area of potential concern is companies that are buying bitcoin in an attempt to boost their own stock prices. Famed short-seller Jim Chanos has also been publicly critical of bitcoin treasury companies , like Michael Saylor's Strategy . — CNBC's Michael Bloom contributed reporting.
