Latest news with #McMillion
Yahoo
11-06-2025
- Business
- Yahoo
These 4 parts of the stock market will outperform through the end of 2025, Wells Fargo says
Wells Fargo identifies four market sectors poised to outperform through the rest of 2025. Financials, aerospace, defense, energy, utilities, and technology are key focus areas. These sectors offer protection against tariff shocks and geopolitical uncertainties. Investing in the stock market in 2025 has been a wild ride, and there's more turbulence to come, according to Wells Fargo. But the firm has identified four corners of the market that are poised to outperform as the remainder of the year unfolds. In Wells Fargo's midyear outlook conference on Tuesday, chief investment officer Darell Cronk and other strategists shared their outlook for the rest of 2025. Wells Fargo has a 6,100 year-end price target for the S&P 500. With the index closing Tuesday at 6,038, just 2% away from all-time highs, the bank sees room for volatility between now and December. Investors looking to bolster their portfolios against tariff shocks and other economic challenges should look to these areas of the market for protection, the bank recommended. Investors might be wishing for rate cuts, but in the meantime, the financials sector is benefitting from elevated borrowing costs. Financials have been a classic beneficiary of the Trump trade, as the president has been pro-deregulation. Sameer Samana, senior global market strategist, pointed to a steepening yield curve and robust loan growth as tailwinds for banks. Wells Fargo is bullish on the transactions and payment processing subsector, as these companies have high margins and cash flow generation. The best-performing sector of the S&P 500 year-to-date is industrials, and Wells Fargo expects the corner of the market to continue its outperformance. Specifically within industrials, Tracie McMillion, the bank's head of global asset allocation strategy, likes aerospace and defense companies. "Aerospace and defense are areas where we think there could actually be a benefit to geopolitical uncertainties," McMillion said. These companies tend to have low exposure to tariffs and economic growth concerns. Exposure to these companies can help investors hedge geopolitical risk from not only the trade war but also regional conflicts in Eastern Europe and the Middle East. It's a trade that's worked so far, as the software company Palantir is one of the market's best-performing stocks, having risen 76% this year in large part due to its lucrative government defense contracts. McMillion recommends reducing exposure to cyclical consumer discretionary stocks and favoring more defensive, domestic-oriented sectors such as energy and utilities. These companies can also provide a hedge against inflation thanks to their ties to real assets like oil. Midstream energy, electric utilities, and renewable energy companies "operate some of the most difficult-to-replicate assets on the planet, including interstate pipelines and nuclear power plants," giving them a competitive advantage, the bank wrote in its midyear outlook report. Utilities companies are also positioned to benefit from increased energy demand from AI technologies and data centers, the bank said. Technology continues to be a stock market winner. Wells Fargo likes the information technology and communication services sectors for their high-quality companies and pricing power. "We would continue to focus on large caps and mid-caps," Cronk said. "We think they have enough scale to try and pass along pricing with respect to tariffs, and they have better balance sheets." Big Tech dominates the ranks of the market's largest companies, making them a safe choice for investors looking to seek refuge in US large cap equities. "Those should be candidates for purchase on any pullbacks in the markets," McMillion said of those sectors. Read the original article on Business Insider
Business Insider
11-06-2025
- Business
- Business Insider
These 4 parts of the stock market will outperform through the end of 2025, Wells Fargo says
Investing in the stock market in 2025 has been a wild ride, and there's more turbulence to come, according to Wells Fargo. But the firm has identified four corners of the market that are poised to outperform as the remainder of the year unfolds. In Wells Fargo's midyear outlook conference on Tuesday, chief investment officer Darell Cronk and other strategists shared their outlook for the rest of 2025. Wells Fargo has a 6,100 year-end price target for the S&P 500. With the index closing Tuesday at 6,038, just 2% away from all-time highs, the bank sees room for volatility between now and December. Investors looking to bolster their portfolios against tariff shocks and other economic challenges should look to these areas of the market for protection, the bank recommended. Financials Investors might be wishing for rate cuts, but in the meantime, the financials sector is benefitting from elevated borrowing costs. Financials have been a classic beneficiary of the Trump trade, as the president has been pro-deregulation. Sameer Samana, senior global market strategist, pointed to a steepening yield curve and robust loan growth as tailwinds for banks. Wells Fargo is bullish on the transactions and payment processing subsector, as these companies have high margins and cash flow generation. Aerospace and defense The best-performing sector of the S&P 500 year-to-date is industrials, and Wells Fargo expects the corner of the market to continue its outperformance. Specifically within industrials, Tracie McMillion, the bank's head of global asset allocation strategy, likes aerospace and defense companies. "Aerospace and defense are areas where we think there could actually be a benefit to geopolitical uncertainties," McMillion said. These companies tend to have low exposure to tariffs and economic growth concerns. Exposure to these companies can help investors hedge geopolitical risk from not only the trade war but also regional conflicts in Eastern Europe and the Middle East. It's a trade that's worked so far, as the software company Palantir is one of the market's best-performing stocks, having risen 76% this year in large part due to its lucrative government defense contracts. Energy and utilities McMillion recommends reducing exposure to cyclical consumer discretionary stocks and favoring more defensive, domestic-oriented sectors such as energy and utilities. These companies can also provide a hedge against inflation thanks to their ties to real assets like oil. Midstream energy, electric utilities, and renewable energy companies "operate some of the most difficult-to-replicate assets on the planet, including interstate pipelines and nuclear power plants," giving them a competitive advantage, the bank wrote in its midyear outlook report. Utilities companies are also positioned to benefit from increased energy demand from AI technologies and data centers, the bank said. Technology Technology continues to be a stock market winner. Wells Fargo likes the information technology and communication services sectors for their high-quality companies and pricing power. "We would continue to focus on large caps and mid-caps," Cronk said. "We think they have enough scale to try and pass along pricing with respect to tariffs, and they have better balance sheets." Big Tech dominates the ranks of the market's largest companies, making them a safe choice for investors looking to seek refuge in US large cap equities. "Those should be candidates for purchase on any pullbacks in the markets," McMillion said of those sectors.
Business Insider
11-06-2025
- Business
- Business Insider
These corners of the market will be the top performers of the S&P 500 for the rest of 2025, Wells Fargo says
Investing in the stock market in 2025 has been a wild ride, and there's more turbulence to come, according to Wells Fargo. But the firm has identified four corners of the market that are poised to outperform as the remainder of the year unfolds. In Wells Fargo's midyear outlook conference on Tuesday, chief investment officer Darell Cronk and other strategists shared their outlook for the rest of 2025. Wells Fargo has a 6,100 year-end price target for the S&P 500. With the index closing Tuesday at 6,038, just 2% away from all-time highs, the bank sees room for volatility between now and December. Investors looking to bolster their portfolios against tariff shocks and other economic challenges should look to these areas of the market for protection, the bank recommended. Financials Investors might be wishing for rate cuts, but in the meantime, the financials sector is benefitting from elevated borrowing costs. Financials have been a classic beneficiary of the Trump trade, as the president has been pro-deregulation. Sameer Samana, senior global market strategist, pointed to a steepening yield curve and robust loan growth as tailwinds for banks. Wells Fargo is bullish on the transactions and payment processing subsector, as these companies have high margins and cash flow generation. Aerospace and defense The best-performing sector of the S&P 500 year-to-date is industrials, and Wells Fargo expects the corner of the market to continue its outperformance. Specifically within industrials, Tracie McMillion, the bank's head of global asset allocation strategy, likes aerospace and defense companies. "Aerospace and defense are areas where we think there could actually be a benefit to geopolitical uncertainties," McMillion said. These companies tend to have low exposure to tariffs and economic growth concerns. Exposure to these companies can help investors hedge geopolitical risk from not only the trade war but also regional conflicts in Eastern Europe and the Middle East. It's a trade that's worked so far, as the software company Palantir is one of the market's best-performing stocks, having risen 76% this year in large part due to its lucrative government defense contracts. Energy and utilities McMillion recommends reducing exposure to cyclical consumer discretionary stocks and favoring more defensive, domestic-oriented sectors such as energy and utilities. These companies can also provide a hedge against inflation thanks to their ties to real assets like oil. Midstream energy, electric utilities, and renewable energy companies "operate some of the most difficult-to-replicate assets on the planet, including interstate pipelines and nuclear power plants," giving them a competitive advantage, the bank wrote in its midyear outlook report. Utilities companies are also positioned to benefit from increased energy demand from AI technologies and data centers, the bank said. Technology Technology continues to be a stock market winner. Wells Fargo likes the information technology and communication services sectors for their high-quality companies and pricing power. "We would continue to focus on large caps and mid-caps," Cronk said. "We think they have enough scale to try and pass along pricing with respect to tariffs, and they have better balance sheets." Big Tech dominates the ranks of the market's largest companies, making them a safe choice for investors looking to seek refuge in US large cap equities. "Those should be candidates for purchase on any pullbacks in the markets," McMillion said of those sectors.
Yahoo
02-06-2025
- General
- Yahoo
Peoria mayor's youth program empowers local high schoolers
PEORIA, Ill. (WMBD) — A program dedicated to setting students up for success is embarking on another year. Peoria Public Schools students are participating in the annual Mayor's Youth Program For High School Students, a summer initiative that involves beautifying the city over the next eight weeks. Nick McMillion, communications specialist for the Peoria Public Works, explained what kind of benefit the students get from participating in the program. 'They recognize the value of the hard work and impact that they will be putting into the community throughout the summer,' said McMillion. 'I think they really respect that, and because of that, this program is very well-respected.' Peoria City Council agrees to fund remaining PeoriaCorps term Students who are between 16 and 18 years old are paid for summer beautification work including planting, mulching and removing litter throughout the city, where they often work alongside participants in PeoriaCorps. The program also involves career exploration activities on Fridays, like college and trade school visits, tours of healthcare and manufacturing facilities, and listening to guest speakers. 'We're really geared up to make this summer as successful as possible for the students, for the city, and everyone involved. It's such a great program, and we're really excited to be able to do it another year.' The program originally had 100 students when it first started, and they were put into groups of 10. Now, it's gotten smaller and adapted to make the workflow better. Now, 24 students are selected for the program out of over 100 applicants from Peoria High School, Manual and Richwoods. This year's speaker at the kickoff event was PPS Superintendent Dr. Sharon Desmoulin-Kherat, who spoke about how the kids in the program can find what career they want to go into and how to be successful. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
20-05-2025
- Climate
- Yahoo
Sewage in the Illinois River has caused a Combined Sewer Overflow in Peoria
PEORIA, Ill. (WMBD) — Due to the rain, the city of Peoria has issued a Combined Sewer Overflow Alert for Monday. When Peoria gets too much rainfall, above 0.15 inches, the sewers overflow, and instead of that sewage going to the water treatment plant, it flows into the Illinois River, said Peoria Public Works spokesman Nick McMillion. Peoria City Hall updates on Sewer Overflow Control Program progress This, in turn, makes the water unsafe and can make people sick when they come in contact with it, whether it's drinking, swimming, skiing or other water activities, said McMillion. 'When this warning is posted, please avoid full-body contact with the Illinois River in the area downstream from Detweiller Marina. You may get sick if you swallow water while swimming, Jet Skiing, or water-skiing in these areas after a combined sewer overflow,' he said. The alert is for the part of the river downstream from the Detweiller Marina. Due to a federal mandate, the city is building infrastructure to avoid these sewer overflows to stay in compliance with the Clean Water Act and a CSO Consent Decree with the Environmental Protection Agency, he said. A map of areas affected, as well as more information on the CSO, can be found on the city's website. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
