Latest news with #CFRA
Yahoo
3 days ago
- Business
- Yahoo
Why Globe Life Stock Was a Winner Today
Key Points An analyst upgraded her recommendation on the stock. She now feels it's a buy. 10 stocks we like better than Globe Life › Insurance conglomerate Globe Life (NYSE: GL) was a safe bet of a stock on Friday, as investors snapped it up following a bullish analyst move. With that tailwind at its back, Globe Life closed the day nearly 3% higher in price, easily beating the 0.4% increase of the S&P 500 index. CFRA now feels the stock is a buy That move was made by CFRA analyst Catherine Seifert, who upgraded her Globe Life recommendation to buy from her previous hold. She accompanied this with a significant price-target increase to $155 per share from the preceding $130. According to reports, Seifert's change was due to two recent developments -- the second-quarter results Globe Life posted on Wednesday and the resolution of a Securities and Exchange Commission (SEC) investigation. The probe, which concluded on Thursday with the SEC electing not to recommend enforcement action against the company, concerned allegations from short seller reports alleging fraud at both the company and its subsidiary, American Income Life. As for the Q2 earnings, the analyst was cheered by management providing encouraging guidance on anticipated reserve releases in its current Q3 and in the following frame. She also waxed optimistic about the development of underwriting in certain categories, such as mortality. A solid second quarter Those earnings, published on Wednesday, were encouraging in many respects. Globe Life managed to boost its revenue by nearly 3% year over year to $1.48 billion. Although net income was down slightly (by 2%), it beat the consensus analyst estimate. Put another way, it's business as usual for the insurer, and in that rather conservative industry, that's a heartening development. Should you invest $1,000 in Globe Life right now? Before you buy stock in Globe Life, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Globe Life wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Globe Life Stock Was a Winner Today was originally published by The Motley Fool
Business Insider
3 days ago
- Business
- Business Insider
CFRA Remains a Buy on Visteon (VC)
In a report released on July 24, Garrett Nelson from CFRA maintained a Buy rating on Visteon, with a price target of $135.00. The company's shares closed yesterday at $113.32. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Nelson covers the Consumer Cyclical sector, focusing on stocks such as AutoZone, General Motors, and O'Reilly Auto. According to TipRanks, Nelson has an average return of 1.2% and a 53.19% success rate on recommended stocks. In addition to CFRA, Visteon also received a Buy from TR | OpenAI – 4o's Juno Sparetta in a report issued today. However, yesterday, Barclays maintained a Hold rating on Visteon (NASDAQ: VC).
Yahoo
4 days ago
- Business
- Yahoo
Dow left behind as S&P 500 soars to record after record. What gives?
The S&P 500 on Friday logged a fifth straight record close — hitting a new high for each day of the past week, a feat it hasn't accomplished since November 2021. The Dow Jones Industrial Average, meanwhile, has yet to claim a record high in 2025. America's 63 million family caregivers are mostly unpaid, stressed and begging for help 'His income is limited': Should I pay $800 a month towards my husband's $67,000 student debt? My ex-husband's benefit will be $2,600 at retirement age, and mine is $2,200. Can I claim on his record instead? While speaking to the trends currently dictating the stock market, there's nothing particularly troubling in the blue-chip gauge's underperformance itself, analysts noted. 'I think it is more a reflection of the makeup of the companies within the Dow and the companies within the S&P 500 — I don't think it's a reflection of bad times to come,' Sam Stovall, chief investment strategist at CFRA Research, told MarketWatch in an interview. The S&P 500's SPX exposure to tech stands at 33%, with communications services, which includes several megacap tech-related giants, standing at around 10%, while financials account for 14%, Stovall noted. That contrasts with the Dow DJIA, where tech accounts for 21%, communications services is 2% and financials are at 27%. The Dow's underperformance has 'mostly to do with the re-emergence of the Big Tech and AI theme, and the S&P just having a lot more exposure to those names — in particular, names like Nvidia NVDA,' said Ross Mayfield, investment strategist at Baird Private Wealth Management, in a phone interview. The overall market, meanwhile, stands 'in a really healthy spot right now,' he added. Below the surface, the stock rally has broadened out, with financials and industrials working well. An equal-weight measure of the S&P 500 RSP — which, as the name implies, weighs all members of the index equally, rather than by market capitalization — has also hit new highs, underlining broader participation. Related: A new high for this breadth indicator is a sign of a healthy bull market While the rally could likely benefit from some near-term consolidation, 'we especially like the setup,' Mayfield said. For the week, the Dow saw a gain of 1.3% while the S&P 500 rallied 1.5%. The Nasdaq Composite COMP rose 1% on the week, and on Friday posted its 13th record close of July. So far in 2025, the S&P 500 has rallied 8.6%, while the tech-heavy Nasdaq is up more than 9%, versus a gain of 5.5% for the Dow. The Dow came tantalizingly close to a record Wednesday, ending just 3.75 points,or 0.001%, shy of its record finish of 45,014.04, set on Dec. 4. But the index pulled back Thursday as shares of IBM Corp. IBM and UnitedHealth Group Inc. UNH slumped. It was higher on Friday, finishing just above 44,900 — a little over 100 points away from record territory. The S&P 500, of course, is more relevant, representing a broader swath of the market. But the Dow has long stood as the public measuring stick for the health of the equities market. The Dow, after all, was first calculated in 1896, while the S&P 500 made its debut in its present form in 1957. And there's a key difference in how the Dow is calculated versus other major indexes. While the S&P 500 and Nasdaq are weighted by market capitalization, the Dow is a price-weighted index, which means higher-priced stocks have more influence on the index regardless of their size. It's a throwback to when calculations were done by hand, and leaves the Dow vulnerable to big swings by a single component. For example, UnitedHealth's drop from around $600 a share in April to around $275 has taken a big toll, Stovall noted. 'If I was writing the checks at Coke, I wouldn't write the check for this,' one expert says about cane-sugar Coke Homeowners in these states are the winners if Trump ends capital-gains taxes for home sellers Newly built homes are cheaper than previously owned homes as builders ramp up price cuts
Globe and Mail
4 days ago
- Business
- Globe and Mail
Why Globe Life Stock Was a Winner Today
Key Points An analyst upgraded her recommendation on the stock. She now feels it's a buy. 10 stocks we like better than Globe Life › Insurance conglomerate Globe Life (NYSE: GL) was a safe bet of a stock on Friday, as investors snapped it up following a bullish analyst move. With that tailwind at its back, Globe Life closed the day nearly 3% higher in price, easily beating the 0.4% increase of the S&P 500 index. CFRA now feels the stock is a buy That move was made by CFRA analyst Catherine Seifert, who upgraded her Globe Life recommendation to buy from her previous hold. She accompanied this with a significant price-target increase to $155 per share from the preceding $130. According to reports, Seifert's change was due to two recent developments -- the second-quarter results Globe Life posted on Wednesday and the resolution of a Securities and Exchange Commission (SEC) investigation. The probe, which concluded on Thursday with the SEC electing not to recommend enforcement action against the company, concerned allegations from short seller reports alleging fraud at both the company and its subsidiary, American Income Life. As for the Q2 earnings, the analyst was cheered by management providing encouraging guidance on anticipated reserve releases in its current Q3 and in the following frame. She also waxed optimistic about the development of underwriting in certain categories, such as mortality. A solid second quarter Those earnings, published on Wednesday, were encouraging in many respects. Globe Life managed to boost its revenue by nearly 3% year over year to $1.48 billion. Although net income was down slightly (by 2%), it beat the consensus analyst estimate. Put another way, it's business as usual for the insurer, and in that rather conservative industry, that's a heartening development. Should you invest $1,000 in Globe Life right now? Before you buy stock in Globe Life, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Globe Life wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
Yahoo
4 days ago
- Business
- Yahoo
Question of the day: Are we in a market bubble?
Investors are piling into stocks, crypto, and meme names as fears of currency debasement grow. CFRA Research chief investment strategist Sam Stovall and Yahoo Finance Senior Reporter Ines Ferré join Opening Bid to break down what a possible market bubble could mean for the rest of the year. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. Are we in an epic stock market bubble? Um, Sam, I'm going to punt this one over to you. My case when these questions come up by various folks is you don't know you're in a bubble until it explodes and your portfolio is cut in half. Absolutely. Well, right now the S&P 500 is trading on a forward PE basis more than two standard deviations above its 20-year mean. Uh, if you look to the 10-year mean, then it is above one standard deviation. And if you shorten that time frame to five years, we're in a fairly normal environment. So I guess it also depends on what you say is normal because technology today is very different than it was 10 or 20 years ago. A little more encouraging though is that I don't see uh sector excesses from the standpoint of how far above their 200 day moving average they're trading. None is one standard deviation or more, so they're all within longer term ranges. But short-term uh declines are always possible. On average, we have had a decline of 5% or more annually since World War II. And as uh I think uh stock market bubble, I think I go back immediately to the .com craze. A lot of those companies, they didn't they didn't have any money. They didn't make any money because they had no sales and they were just totally clueless. I even go back to the cannabis bubble a few years ago. Same deal, those companies really had no operations. What we're seeing now, I would argue, are the likes of Nvidia and AMD, like companies with real operations making real money, just going up to higher valuation levels. That doesn't make them a bubble. They're bidding on that AI trade. Look, are we in an asset bubble? Perhaps, perhaps there will be pullbacks, of course, along the way. Uh but we have to keep in mind that the dollar has been in a downward trend, that's stimulative. The US is in this industrial push. XLI is at all-time highs. That's stimulative. You also have stocks at all-time highs. You've got memes meme stocks that are back in vogue and you've got crypto that is also surging. So what this tells me is that investors are trying to put their money into assets because we're in a sort of debasement environment here because they're seeing that the value of their money is eroding. So they're they keep they continue to invest. By the way, there's also companies that are investing in crypto as well. Wall Street says be careful because when we see this speculative frenzy going on, that could increase the risk for pullbacks.
