Latest news with #P500
Time of India
3 days ago
- Business
- Time of India
US Stock market prediction: Will Wall Street perform in green on Monday?
US Stock Market 's strength will be tested as earnings season heats up. Momentum for the industrials sector and the broader market will be in focus with a heavy upcoming week of second-quarter earnings, which includes reports from more than one-fifth of the S&P 500, led by Alphabet and Tesla, the first of the "Magnificent Seven" megacap tech and growth companies to report. The S&P 500 has surged 26 per cent since April, as investors shook off fears about a recession which had stemmed from President Donald Trump's "Liberation Day" tariff announcement. Explore courses from Top Institutes in Select a Course Category Data Science Data Science Product Management Operations Management others Design Thinking CXO Finance Technology Artificial Intelligence MBA Project Management MCA Healthcare Data Analytics Cybersecurity PGDM healthcare Degree Digital Marketing Management Leadership Public Policy Others Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details This earnings season "seems to be especially important because of the rebound that the market has had," said Chuck Carlson, chief executive officer at Horizon Investment Services. "I would think that that has built in a fair amount of optimism in terms of earnings." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Dark Truth Nobody Talks About Youtube Undo A number of industrials will be in the earnings spotlight as well. Aerospace and defense stocks have boosted the sector's performance this year, driven by heightened geopolitical tensions in the Middle East and Ukraine and fresh spending commitments by Germany and other nations. Live Events The S&P 500 aerospace and defense industry group has surged 30 per cent this year. Defense companies to report in the coming week include RTX, Lockheed Martin and General Dynamics. GE Aerospace, whose shares have soared about 55 per cent this year, raised its 2025 profit forecast on Thursday. Another industrial company spun off from legacy General Electric last year, GE Vernova, has seen its shares skyrocket over 70% this year, making it the best-performing industrial sector stock. The power equipment maker's results are due Wednesday. The push for reshoring infrastructure and expansion of artificial intelligence, which has lifted demand for cooling systems and factory automation, are two themes that have supported a number of stocks in the industry, including Eaton and Rockwell Automation, said Robert Pavlik, senior portfolio manager at Dakota Wealth Management. Another stock that has supported the industrial sector this year: Ride-hailing giant Uber, whose shares are up roughly 50 per cent. "Unlike many non-Tech groups, there are a lot of solid stories here that don't rely on macro forces to deliver solid forward returns," Nicholas Colas, co-founder of DataTrek Research, said in a note on Wednesday. Large cap industrials still look attractive despite the group's recent run, Colas said. Indeed, while industrials have been viewed historically as closely tied to the fortunes of the economy, declines for a number of growth-cycle-linked stocks have weighed on the sector's performance. Shares of package delivery firms UPS and FedEx have posted sharp declines, while airlines including United Airlines and trucking companies such as JB Hunt Transport Services are also negative for the year. "There are economically sensitive (areas) within industrials that are not doing well," said Walter Todd, chief investment officer at Greenwood Capital. Other industrial companies slated to report in the coming week are Honeywell , Union Pacific and United Rentals. Beyond earnings, Wall Street will continue to focus on any developments on trade ahead of August 1, when higher U.S. tariffs on numerous trading partners are set to take effect. Investors will also be sensitive to news on the Federal Reserve, with Fed Chair Jerome Powell facing fresh pressure from Trump to resign as the president presses the central bank to lower interest rates. The Fed's next monetary policy meeting is July 29-30. The S&P 500 has climbed about 7 per cent so far this year. FAQs Q1. What are key indexes of US Stock Market? A1. Key indexes of US Stock Market are S&P 500, Dow Jones, and Nasdaq . Q2. How has S&P 500 performed? A2. The S&P 500 has climbed about 7 per cent so far this year.
GMA Network
4 days ago
- Politics
- GMA Network
DPWH rushing San Juanico Bridge repair to meet December 2025 deadline
The Department of Public Works and Highways (DPWH) is expediting the repairs of San Juanico Bridge to increase its load limit to 12 - 15 tons by December this year, Secretary Manuel Bonoan said Sunday. 'Ongoing ang repairs sa San Juanico Bridge at pinapaspasan na namin para makaabot kami sa deadline ng Presidente,' Bonoan told Super Radyo dzBB. (Repairs on the San Juanico Bridge are ongoing, and we're expediting the work to meet President Ferdinand Marcos Jr's deadline.) This move came after Marcos said he wanted to restore the bridge's capacity after a three-ton load limit had been imposed since May 15, after an assessment showed that there are significant structural compromises to the bridge. 'That's a test, sabi ko pag hindi niyo natapos 'yan, tatanggapin ko 'yung resignation ninyo,' Marcos warned. (That's a test, if you don't finish that, I'll accept your resignation.) The President had said more than P500 million has already been allocated for the San Juanico Bridge's repair. Last May, the Tacloban City Council declared a state of emergency as access to San Juanico Bridge, which links the islands of Samar and Leyte in Eastern Visayas, remains limited ahead of planned repairs on the structure. — RF, GMA Integrated News
GMA Network
6 days ago
- GMA Network
P500K worth of missing jewelry in NAIA found
A female passenger who lost P500,000 worth of jewelry at the Ninoy Aquino International Airport (NAIA) Terminal 3 was able to recover the missing items. In a social media post, passenger Kimberly Nakamura said her jewelry box containing wedding rings, a diamond necklace, and earrings went missing at NAIA during her flight to Singapore on June 28. She reached out to Cebu Pacific, the Changi Airport in Singapore, and NAIA 3, but no items were found. After posting on Facebook, a Cebu Pacific agent informed Nakamura that the jewelry box was seen at Gate 104 at NAIA 3. Upon reviewing CCTV footage, Nakamura said more than 10 airport personnel were seen handling the jewelry box from June 28 to June 29. 'This marked the beginning of a series of mishandlings that led to the disappearance of both rings. From a simple lost and found case, it became theft,' Nakamura said. On July 8, Nakamura said her jewelry box, containing only the earrings and necklace, was recovered by the Airport Police Department. 'The staff member who surrendered the item later confessed to taking it home for personal use. She stated there were no rings inside when she found the jewelry box,' Nakamura recounted. Her husband's ring was returned on July 13 after she earlier warned the involved personnel that she will press charges for gross negligence and qualified theft. The following day, Nakamura said she received an anonymous text message saying her ring was hidden under a table at Gate 104. 'We recovered everything po. My diamond necklace and two platinum wedding rings with diamond stones. But my husband's ring was heavily scratched kasi nilagay lang daw sa bag. But anyway, we will rebuff it na lang po (because it was put in a bag, but we will rebuff it). Estimated value is P500,000,' Nakamura told GMA News Online. 'It was very distressing, but we're very happy and at peace now,' she added. Nakamura urged NAIA to take action as the person who stole her ring remains unidentified. 'This must not be tolerated. I urge you to take action so that no one else has to go through what I did. Your employees were involved in acts of dishonesty and negligence, and such behavior has no place in any responsible system,' Nakamura said. Manila International Airport Authority General Manager Eric Ines assured that the involved personnel will be held accountable. 'Even though the victim did not pursue legal action, we are coordinating with the concerned airlines and security agencies to ensure that those involved are held accountable. This behavior has no place in our airport,' Ines said in a statement. He urged the involved airlines and security agencies to take disciplinary action against those responsible for the missing jewelry. Meanwhile, the personnel involved in the recovery of the missing jewelry are expected to receive formal commendation during the next flag-raising ceremony, as recommended by the MIAA Praise Committee. — RF, GMA Integrated News
Mint
7 days ago
- Business
- Mint
Lofty US stock market valuations bank on earnings strength
NEW YORK, - With Wall Street's surge to record highs, the U.S. stock market looks nearly as expensive as ever, and investors are debating whether the lofty valuations are a bearish signal or justified by the technology-heavy market's profit outlook. Few investors would argue the broad stock market is cheap. Since late last month, the benchmark S&P 500 has traded above 22 times its expected earnings over the next year, according to LSEG Datastream. That's a price-to-earnings level the index has ascended to only about 7% of the time over the past 40 years. Determining appropriate market valuations could help investors understand how expensive stocks could get or how deeply they might fall, especially if there are renewed recession concerns. Whether current valuations are an imminent sell signal remains to be seen. Investors say the U.S. stock market can trade at elevated levels for an extended period of time. Some investors believe a number of structural changes could justify higher stock valuations, including greater representation in indexes from tech companies that generate massive profits. "By pretty much every historical metric is rich," said Keith Lerner, co-chief investment officer at Truist Advisory Services. "The question investors are grappling with is, is it warranted?" The S&P 500 has soared 25% since April, as investors grew less fearful that President Donald Trump's "Liberation Day" tariffs would cause a recession. The index has gained 6% so far in 2025, and over 60% in the past three years. As of Tuesday, the S&P 500's forward P/E ratio was 22.2, according to LSEG Datastream. That level is over 40% above the index's 40-year average of 15.8 and about 20% above its 10-year average of 18.6. A metric comparing price to expected sales shows the S&P 500 trading over 60% above its average of the past 20 years, according to Datastream. "On the broadest basis, the market has clearly got a valuation headwind relative to where it has been in history," said Patrick Ryan, chief investment strategist at Madison Investments. Investors debate the relevance of historical comparisons. The bigger presence in indexes of technology and tech-related companies, which tend to carry higher valuations, drives up the P/E ratio, while the profit strength of the largest companies also means the index could deserve higher valuations, investors said. The S&P 500's operating profit margin stood at 12% at the end of 2024, up from 9% in 2014, according to S&P Dow Jones Indices. Other potential justifications for higher valuations include regular buying of equities from 401 and other retirement plans, and lower fees for index funds easing access to stocks. While studies show elevated valuations suggest diminished returns over the longer term, they are not always the best "timing tools" for determining the market's near-term direction, said Ed Clissold, chief U.S. strategist at Ned Davis Research. Still, Clissold said, "a lot of good news is priced into stocks at these levels." In the April swoon, the S&P 500's P/E ratio sank to 17.9; in 2022's bear-market drop, driven by spiking interest rates, the P/E fell as low as 15.3. Indeed, investors are wary that current valuations make stocks particularly susceptible to disappointments. One worry: Washington could fail to strike deals with trading partners ahead of August 1, when higher U.S. levies on numerous countries are set to start. Another shock could be the early departure of Federal Reserve Chair Jerome Powell, whom Trump has persistently pressured to leave. Corporate results also pose a test. Second-quarter reports are kicking off with S&P 500 earnings expected to have increased 6.5% from the year-earlier period, according to LSEG IBES. Wall Street increasingly is focused on next year's profit potential, with S&P 500 earnings expected to rise 14% in 2026. "Investors seem somewhat convinced that the S&P is going to generate about 10% earnings growth for a few years after this year," said David Bianco, Americas chief investment officer at DWS Group. "The equity market has become fairly dismissive of any kind of significant recession risk." Some investors say that if artificial intelligence adoption broadly benefits the economy, "then maybe the valuations would be justified because the earnings growth the next few years could be substantial," Clissold said. To be sure, some investors are investing more in relatively cheaper areas such as small caps and international stocks. Ryan and others point to higher yields on U.S. government bonds, seen as risk-free if held to term, as one factor dimming the allure of stocks. The benchmark 10-year yield is around 4.5%, well above its level for much of the past 15 years. "There are alternatives out there for you to move your capital to," Ryan said. Scott Wren, senior global market strategist at Wells Fargo Investment Institute, said the firm is recommending clients trim equities in areas including industrials and consumer discretionary sectors, expecting broadly slowing earnings growth in coming months before accelerating. The firm has a year-end S&P 500 target of 6,000, about 4% below current levels. "Valuation-wise, stocks are pretty lofty," Wren said. Still, he added, determining a fair valuation is trickier than it has been. "Where is the line in the sand between expensive and not expensive?" Wren said. "It's harder to determine that." This article was generated from an automated news agency feed without modifications to text.
Time of India
7 days ago
- Business
- Time of India
Highly unlikely to fire Fed chief, says Donald Trump
President Donald Trump said on Wednesday that he was "highly unlikely" to fire Federal Reserve chair Jerome Powell, a public statement made less than 24 hours after suggesting in a private meeting that he was leaning in favour of dismissing the head of the nation's central bank. Trump confirmed that in a White House meeting on Tuesday night with about a dozen House Republicans he had discussed the "concept" of dismissing Powell, long a target because of his refusal to lower interest rates as Trump wants. Explore courses from Top Institutes in Select a Course Category MCA Artificial Intelligence Project Management Data Science Data Science Public Policy healthcare Design Thinking Technology Leadership Healthcare Cybersecurity Digital Marketing PGDM Management Others Finance Operations Management CXO Data Analytics Product Management others MBA Degree Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trekking pants for mountain sports and adventure travel Trek Kit India Shop Now Undo "Almost every one of them said I should," Trump said about the lawmakers who had come to talk to him about crypto legislation. He indicated he was leaning in that direction, according to a White House official. During that session, Trump waved a letter about firing Powell, but a person familiar with the matter said it was essentially a prop drafted by someone else and that the Republican president has not drafted such a letter. Neither source was authorised to publicly discuss the private meeting and they spoke only on condition on anonymity. Live Events Trump made his comment about being "highly unlikely" to dismiss Powell-"unless he has to leave for fraud"- during an Oval Office meeting with Salman bin Hamad Al Khalifa, the crown prince of Bahrain. In recent days, White House and administration officials have accused Powell of mismanaging a $2.5 billion renovation project at the Fed, adding to months of efforts by Trump try to rid himself of the politically independent central banker. US stocks were shaky as Trump spoke about Powell on Wednesday. The S&P 500's modest gain in the morning became a drop of 0.7% after initial reports that the president may fire the Fed chair. Stocks then trimmed their losses after Trump's later comment. Treasury yields also swivelled in the bond market but remained mostly calm. Those at the White House meeting were among the more far-right lawmakers, including members of the House Freedom Cause whose views are not always shared by other Republicans. In the Senate, Republicans have taken a more guarded approach. Some have backed Powell's performance at the Fed as they await an inspector general's review of the construction project. In a speech on Wednesday, Sen. Thom Tillis, R-N.C., said if Powell is dismissed, "you are going to see a pretty immediate response." "If anybody thinks it would be a good idea for the Fed to become another agency in the government subject to the president, they're making a huge mistake," said Tillis, who has announced that he is not running for reelection. Sen. John Kennedy, R-La., said this week that Powell "has done a decent job." "I don't think he's been perfect," he said, adding that there have been times they disagreed, but "I do believe that the chairman is calling them like he sees them." Republicans on the House Financial Services Committee had been scheduled to meet with Powell on Wednesday evening in a gathering set months ago, but it was abruptly canceled due to votes in the House, according to a committee aide granted anonymity to discuss a private meeting.
