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S&P 500 is likely to climb on Thursday's jobs report: JPMorgan
S&P 500 is likely to climb on Thursday's jobs report: JPMorgan

Yahoo

time12 hours ago

  • Business
  • Yahoo

S&P 500 is likely to climb on Thursday's jobs report: JPMorgan

The S&P 500 (^GSPC) is highly likely to rise after Thursday's jobs report, JPMorgan analysts say. Brad Smith breaks down the analyst estimates and examines what the market is looking for from the jobs report. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. It's time now for our chart of the day. And we're looking at expected moves in the market on Jobs Day. Projections from JP Morgan show the S&P 500 rising in most scenarios around the Jobs report. So, let's break this down because you can see here, if we get 145,000 or more jobs, they're forecasting a probability, a 5% probability of a 1% to 1 and 1/2% gain. That's in the S&P 500. Now, if we saw between 125,000 to 145,000 jobs, there is a 25% chance of up to 1 and 1/4% gain for the S&P 500. Now, the data showing a gain for the S&P 500 so long as jobs come up above 105,000. Uh, below that, we we are looking at slight declines here. So there you're taking a look at some of the probabilities of this playing out. And then the expected move. And here's what's also on investors' minds, especially as they're weighing through a myriad of different data prints on the jobs and employment situation front over the course of this week as we had already gotten jolts out earlier today. And we're still going to get ADP private payrolls. The larger question going forward for the employment situation is, are there enough areas to signal to the Fed that there is severe weakness that forces them to act prior to September? The market's still looking for about 50 basis points of cuts going into the end of the year. And with that set to kick off in September, based on some of the analysis and probability on the CME Fed watch, well, that would mean that they would need to lock in a trend over these next few reports and going into their July meeting, they would have to change that tenor a little bit more aggressively, perhaps. But we're also got fresh commentary from Fed Chair J. Powell, who's speaking overseas in Portugal today. And it's not just the employment situation that he's focused and locked in on, it's also what could impact the economy more broadly and on a more longer-term scenario and giving some slight commentary on the tax bill that's also making its way through Congress right now. So all that said, we're going to be locked in Thursday this week for some breaking data on the Jobs front with the employment situation.

Symbotic Inc. (SYM) Ascends While Market Falls: Some Facts to Note
Symbotic Inc. (SYM) Ascends While Market Falls: Some Facts to Note

Yahoo

time18 hours ago

  • Business
  • Yahoo

Symbotic Inc. (SYM) Ascends While Market Falls: Some Facts to Note

In the latest trading session, Symbotic Inc. (SYM) closed at $39.68, marking a +2.14% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.11%. At the same time, the Dow added 0.91%, and the tech-heavy Nasdaq lost 0.82%. Coming into today, shares of the company had gained 32.41% in the past month. In that same time, the Business Services sector lost 0.76%, while the S&P 500 gained 5.17%. Analysts and investors alike will be keeping a close eye on the performance of Symbotic Inc. in its upcoming earnings disclosure. On that day, Symbotic Inc. is projected to report earnings of $0.03 per share, which would represent year-over-year growth of 250%. Our most recent consensus estimate is calling for quarterly revenue of $536.41 million, up 9.06% from the year-ago period. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.2 per share and revenue of $2.22 billion, indicating changes of +350% and +19.32%, respectively, compared to the previous year. Any recent changes to analyst estimates for Symbotic Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Symbotic Inc. is currently sporting a Zacks Rank of #5 (Strong Sell). Looking at valuation, Symbotic Inc. is presently trading at a Forward P/E ratio of 192.65. This expresses a premium compared to the average Forward P/E of 20.8 of its industry. We can also see that SYM currently has a PEG ratio of 6.42. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. SYM's industry had an average PEG ratio of 1.47 as of yesterday's close. The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 43, finds itself in the top 18% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Symbotic Inc. (SYM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

Analysts Offer Insights on Technology Companies: IonQ (IONQ), Salesforce (CRM) and Fiserv (FI)
Analysts Offer Insights on Technology Companies: IonQ (IONQ), Salesforce (CRM) and Fiserv (FI)

Globe and Mail

time2 days ago

  • Business
  • Globe and Mail

Analysts Offer Insights on Technology Companies: IonQ (IONQ), Salesforce (CRM) and Fiserv (FI)

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on IonQ (IONQ – Research Report), Salesforce (CRM – Research Report) and Fiserv (FI – Research Report) with bullish sentiments. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. IonQ (IONQ) In a report released today, David Williams from Benchmark Co. maintained a Buy rating on IonQ, with a price target of $50.00. The company's shares closed last Friday at $40.25. According to Williams is a 5-star analyst with an average return of 27.4% and a 53.1% success rate. Williams covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Lattice Semiconductor, and Power Integrations. ;'> Currently, the analyst consensus on IonQ is a Strong Buy with an average price target of $43.00. Salesforce (CRM) TD Cowen analyst Derrick Wood maintained a Buy rating on Salesforce today. The company's shares closed last Friday at $273.42. According to Wood is a 5-star analyst with an average return of 13.8% and a 59.4% success rate. Wood covers the Technology sector, focusing on stocks such as Onestream, Inc. Class A, Klaviyo, Inc. Class A, and Rimini Street. ;'> The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Salesforce with a $347.93 average price target, which is a 28.0% upside from current levels. In a report issued on June 17, Morgan Stanley also maintained a Buy rating on the stock with a $404.00 price target. Fiserv (FI) In a report released today, Andrew Harte from BTIG maintained a Buy rating on Fiserv, with a price target of $215.00. The company's shares closed last Friday at $172.33. According to Harte is a 5-star analyst with an average return of 28.4% and a 45.8% success rate. Harte covers the Technology sector, focusing on stocks such as Exodus Movement, Inc. Class A, International Money Express, and AvidXchange Holdings. ;'> Currently, the analyst consensus on Fiserv is a Moderate Buy with an average price target of $212.13, implying a 23.7% upside from current levels. In a report issued on June 17, Bernstein also maintained a Buy rating on the stock with a $214.00 price target.

FX-hedged stocks seen outperforming as euro rises, says Morgan Stanley
FX-hedged stocks seen outperforming as euro rises, says Morgan Stanley

Yahoo

time2 days ago

  • Business
  • Yahoo

FX-hedged stocks seen outperforming as euro rises, says Morgan Stanley

-- Morgan Stanley analysts said in a note Monday that as the U.S. dollar's 15-year bull run appears to be ending, they see a clear opportunity for European equities with advanced foreign exchange (FX) hedging strategies to outperform. The bank highlighted how companies that manage currency risks effectively are likely to benefit as the euro gains ground. 'We find companies with advanced FX hedging tend to outperform and expect material EUR strength beneficiaries to continue breaking to new highs,' Morgan Stanley analysts wrote, citing proprietary screens that identify such stocks. The report highlights the unique complexity of FX exposure in Europe, where only about 44% of MSCI Europe revenues are generated domestically. 'FX implications extend well below the surface of regional revenue exposures,' the analysts explained, noting the diversity of local-to-local strategies, multiple home currencies, including EUR, GBP, NOK, and CHF, and mismatches across costs, balance sheets, and cash flows. Morgan Stanley projects a further weakening of the dollar, forecasting EUR/USD at 1.25 and GBP/USD at 1.45 by mid-2026, with bull-case scenarios of 1.30 and 1.51. 'These currency moves are likely to have implications for corporate and investor FX hedging strategies,' the bank said. Morgan Stanley collaborated with FX strategists and sector analysts to assess FX exposure across roughly 550 European companies, aiming to reduce subjective interpretation. 'A core part of our process has been smoothing out subjectivity, creating an apples to apples playing field,' the analysts noted. As FX dynamics gain investor attention, Morgan Stanley believes companies that proactively hedge are well-positioned to ride the euro's rise and outperform their less-prepared peers. Related articles FX-hedged stocks seen outperforming as euro rises, says Morgan Stanley MDA Space stock rises after securing maritime surveillance contract extension Citi upgrades Linde on project wins and productivity gains Sign in to access your portfolio

Tilray Brands, Inc. (TLRY) Stock Declines While Market Improves: Some Information for Investors
Tilray Brands, Inc. (TLRY) Stock Declines While Market Improves: Some Information for Investors

Yahoo

time5 days ago

  • Business
  • Yahoo

Tilray Brands, Inc. (TLRY) Stock Declines While Market Improves: Some Information for Investors

Tilray Brands, Inc. (TLRY) closed the most recent trading day at $0.40, moving -2.84% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.52% for the day. Meanwhile, the Dow gained 1%, and the Nasdaq, a tech-heavy index, added 0.52%. The company's shares have seen a decrease of 11.24% over the last month, not keeping up with the Medical sector's gain of 3.5% and the S&P 500's gain of 5.95%. Analysts and investors alike will be keeping a close eye on the performance of Tilray Brands, Inc. in its upcoming earnings disclosure. On that day, Tilray Brands, Inc. is projected to report earnings of -$0.03 per share, which would represent year-over-year growth of 25%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $254.8 million, up 10.84% from the year-ago period. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.01 per share and revenue of $850.75 million, indicating changes of -206.06% and 0%, respectively, compared to the previous year. Investors should also pay attention to any latest changes in analyst estimates for Tilray Brands, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Tilray Brands, Inc. is carrying a Zacks Rank of #3 (Hold). The Medical - Products industry is part of the Medical sector. At present, this industry carries a Zacks Industry Rank of 164, placing it within the bottom 34% of over 250 industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tilray Brands, Inc. (TLRY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

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