Latest news with #WolfeResearch
Bloomberg
5 days ago
- Business
- Bloomberg
Bloomberg Surveillance TV: June 27, 2025
- Chris Wright, US Secretary: Energy - Tobin Marcus, Head: Policy & Politics at Wolfe Research - Marissa Adams, Head: Global Trade Solutions at HSBC - Alejandra Grindal, Chief Economist at Ned Davis Research Chris Wright, US Secretary: Energy, joins to discuss the outlook for energy and oil following the US' intervention into the Israel-Iran conflict. Tobin Marcus, Head: Policy & Politics at Wolfe Research, discusses the latest on the US tax bill going through Congress. Marissa Adams, Head: Global Trade Solutions at HSBC, on recent US trade negotiations and whether more deals can continue to come through. Alejandra Grindal, Chief Economist at Ned Davis Research, reacts to today's and this week's eco data.
CNBC
5 days ago
- Business
- CNBC
Look for S&P 500 rally to continue into mid-July, says chart analyst
The S & P 500 could continue to rally for the next few weeks, according to Wolfe Research. "We continue to get asked how much further this rally might run before consolidating. Our thinking has been mid to late July — right in time for the start of second-quarter earnings season and the typical seasonal peak," technical analyst Rob Ginsberg wrote Thursday. Stocks have been on a tear in recent weeks, with the S & P 500 surging more than 20% since reaching a low in April. Equities took a hit on fears that President Donald Trump's tariff policies would hurt corporate profits, slow the economy and maybe lift inflation. .SPX YTD bar SPX year to date Trade pressures have since eased, sending stocks to within a whisker of record levels. The S & P 500 entered Friday's session just 0.1% below its all-time intraday high set in February. S & P 500 futures were up around 0.2%, signaling a new record will be set at the open. Ginsberg also noted that the grind back to record highs comes as large speculators take out larger short positions, betting that prices will fall. The analyst said short positions on S & P 500 futures are at their highest levels since the first quarter of 2024. "If the VIX breaks support and large specs start covering, that could be the fuel for some near-term capitulation in the weeks ahead" and fuel more market gains, Ginsberg said, referring to the Volatility Index that's traded on the Chicago Board Options Exchange. The VIX, which briefly touched 60 in early April, has tumbled all the way back to 16.23 at Thursday's close. Elsewhere Friday morning on Wall Street, Citizens JMP Securities upgraded Google-parent Alphabet , calling for more than 20% upside on the stock citing benefits from artificial intelligence. "We believe AI is a net tailwind, with ChatGPT's impact too small today to move enough queries away from Google to materially impact results, while AI is expanding the search opportunity by answering a broader array of queries and extending monetization as AI better infers user intent," analyst Andrew Boone wrote in a note published Thursday.
Yahoo
6 days ago
- Business
- Yahoo
Wolfe Research Raises Samsara Target to $45, Maintains Outperform
Wolfe Research bumped its price target on Samsara (NYSE: IOT) to $45 from $41 in early June, keeping its Outperform rating in place. The update came after the stock fell roughly 12% following its Q1 FY2026 earnings report. An executive in a suit checking a bank of computers symbolizing the technology of the financial services industry. The firm still backs the company's position, calling it a strong player in a fragmented market. They noted that Samsara's full-year guidance was cautious but viewed it as a smart move given the current macro environment. Wolfe values the stock at around 13.5 times projected revenue for 2026, a premium to peers in the high-growth category, but one they see justified. The analysts pointed to solid execution in the first quarter as a reason to stay optimistic. While we acknowledge the potential of IOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Wolfe Research Upgrades The Williams Companies (WMB) Stock
The Williams Companies, Inc. (NYSE:WMB) is one of the Top Energy and Utility Stocks Wall Street Analysts Are Talking About. On June 13, Wolfe Research upgraded the company's stock from 'Underperform' to 'Peer perform.' The change in the rating is mainly backed by rising evidence of a growth inflection, which aids the premium valuation. The upgrade demonstrates The Williams Companies, Inc. (NYSE:WMB)'s thematically appealing position, together with financial flexibility to finance a growing opportunity set, added Wolfe Research. A bird's-eye view of an oil & gas midstream platform in the Gulf of Mexico on a clear day. As per the firm's analysis, the company remains well-positioned to reap the opportunities available in the broader energy sector. The Williams Companies, Inc. (NYSE:WMB)'s strong pipeline network places it as a critical player in the movement of natural gas across North America. Because of a recent investment in Cogentrix Energy and the outperformance of its base business, The Williams Companies, Inc. (NYSE:WMB) raised its 2025 adjusted EBITDA guidance midpoint by $50 million to $7.7 billion. Overall, the company's track record of generating predictable, growing earnings in numerous economic cycles strengthens the value of the company as a stable, long-term investment possessing a strong dividend. The Williams Companies, Inc. (NYSE:WMB) projects its leverage ratio midpoint for 2025 to be 3.65x and has raised the dividend by 5.3% on an annualized basis to $2.00 in 2025 from $1.90 in 2024. Carillon Tower Advisers, an investment management company, released its Q4 2024 investor letter. Here is what the fund said: 'The Williams Companies, Inc. (NYSE:WMB) performed well because investors expect it to benefit from growing demand for natural gas over the next several years or even decades. Liquid natural gas exports, onshoring, and data center buildouts could place upward pressure on the company's volumes across its midstream portfolio. We believe that the company's share price continues to discount this future benefit due to a very challenging overall energy backdrop.' While we acknowledge the potential of WMB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WMB and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Wolfe Research Downgrades GE Vernova (GEV) Stock
GE Vernova Inc. (NYSE:GEV) is one of the Top Energy and Utility Stocks Wall Street Analysts Are Talking About. On June 13, Wolfe Research downgraded the stock to 'Peer Perform' from 'Outperform,' without the price target, as reported by The Fly. As per the firm's analyst, the downgrade was all about valuation after the stock's rally. As per the brokerage, GE Vernova Inc. (NYSE:GEV)'s path to achieve EBITDA between $12 billion and $15 billion by the decade's end is now priced into the shares. Since most of the positives are now adequately discounted, there is a more balanced relationship between risk and reward. A worker on a ladder, repairing the electrical power transmission lines. GE Vernova Inc. (NYSE: GEV) benefited from the increased demand for power, thanks to the growth of artificial intelligence data centers. In Q1 2025, the company's orders of $10.2 billion increased 8% organically. This was aided by the services' growth and equipment growth in Power. Notably, revenue came in at $8.0 billion, which was up 11% (15% organically). GE Vernova Inc. (NYSE: GEV)'s margins were aided by more profitable volume, price, and productivity. FCF saw an improvement of $1.6 billion YoY, thanks to the higher down payments at Power and better management of working capital. Artisan Partners, an investment management company, released its Q4 2024 investor letter. Here is what the fund said: 'Notable adds in the quarter included GE Vernova Inc. (NYSE:GEV) and Oracle. GE Vernova is the power, wind and electrification spinoff from the former GE conglomerate. The company benefits from large global market shares across its businesses, high barriers to entry and a substantial installed base that generates multiyear service revenue streams. Now that the company is standing on its own, we believe it is in the early innings of a turnaround story while benefiting from an attractive underlying demand environment. As the world continues to decarbonize, the resulting need for power, wind and electrification equipment is poised to drive attractive growth over the coming years. Our work on AI data center growth and electrification implications strengthened our conviction in GE Vernova in the quarter, particularly its natural gas business, which we believe will need to act as a bridge fuel as technology companies try to balance AI data center growth with decarbonization targets.' While we acknowledge the potential of GEV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GEV and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Sign in to access your portfolio
