This Little-Known Stock Keeps Surging to New Highs
AMG is showing strong technical momentum and has an 88% technical 'Buy' signal via Barchart.
Shares are up 21.6% over the past year and nearly 15% in the year to date.
Analyst sentiment is generally bullish but some caution that investors should simply 'Hold' shares here.
Today's Featured Stock
Valued at $6 billion, Affiliated Managers Group (AMG) is a global asset management company with equity investments in leading boutique investment management firms. AMG's strategy is to generate shareholder value through the growth of existing affiliates, as well as through investments in new affiliates and additional investments in existing affiliates. AMG's affiliates offer many investment products to institutional and retail clients around the world.
What I'm Watching:
I found today's Chart of the Day by using Barchart's powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker 'buy' signal. I then used Barchart's Flipcharts feature to review the charts for consistent price appreciation. AMG checks those boxes. Since the Trend Seeker signaled a buy on May 7, the stock has gained 20.78%.
More News from Barchart
This Self-Driving Car Stock Is Surging on a Major Nvidia Boost
UnitedHealth Stock Spirals Lower Again. Don't Buy the Dip.
UNH Stock Falls as UnitedHealth Confirms DOJ Probe. How Should You Play Shares Here?
Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else.
AMG Stock Price vs. Daily Moving Averages
Barchart Technical Indicators for Affiliated Managers:
Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Affiliated Managers shares hit a new 52-week high on July 24, touching $212.38 in intraday trading.
AMG has an 88% technical 'Buy' signal.
The stock recently traded at $210.93, above its 50-day moving average of $190.75.
Affiliated Managers has a Weighted Alpha of +26.08.
The stock has gained 21.6% over the past year.
AMG has its Trend Seeker 'Buy' signal intact.
Affiliated Managers is trading above its 20, 50 and 100-day moving averages.
The stock made 12 new highs and gained 11.4% in the last month.
Relative Strength Index is at 67.07%.
The technical support level is $209.46.
Don't Forget the Fundamentals:
$6 billion market capitalization.
Revenue is projected to grow 1.06% this year and another 3.91% next year.
Earnings are estimated to increase 8.31% this year and increase an additional 12.66% next year.
Analyst and Investor Sentiment on Affiliated Managers:
I don't buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it's hard to make money swimming against the tide.
It looks like Wall Street analysts are bullish, but some major advisory sites are split.
The Wall Street analysts tracked by Barchart issued four 'Strong Buy,' two 'Moderate Buy,' and one 'Sell' opinions on the stock.
Value Line gives the company its above-average rating.
CFRA's Market Scope rates the stock a 'Hold.'
Morningstar thinks the stock is fairly valued.
5,230 investors monitor the stock on Seeking Alpha, which rates the stock a 'Hold.'
The Bottom Line:
Affiliated Managers currently has momentum and is hitting new highs on Wall Street. Plus, analysts project small increases in both revenue and earnings.
I caution that AMG is volatile and speculative — use strict risk management and stop-loss strategies.
Today's Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here.
Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 hours ago
- Yahoo
Nat-Gas Prices Retreat as US Weather Forecasts Cool
September Nymex natural gas (NGU25) on Monday closed down -0.036 (-1.20%). Sep nat-gas prices on Monday tumbled to a 3.5-month low. Forecasts for cooler US temperatures, which will reduce natural-gas demand from electricity providers to power air conditioning, are undercutting natural-gas prices. Forecaster Vaisala said Monday that forecasts shifted cooler over the eastern US for August 16-20. More News from Barchart Crude Prices Pressured on Hopes of an End to the Russian-Ukrainian War Crude Prices Recover Early Losses on Doubts Over Ukraine Peace Plan Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Ramped-up US nat-gas output is another bearish factor for prices, with current US gas production near a record high and US active nat-gas drilling rigs at a 2-year high. Lower-48 state dry gas production on Monday was 109.4 bcf/day (+6.3% y/y), according to BNEF. Lower-48 state gas demand on Monday was 78.9 bcf/day (+8.3% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Monday were 16.5 bcf/day (+7.1% w/w), according to BNEF. An increase in US electricity output is positive for nat-gas demand from utility providers. The Edison Electric Institute reported last Wednesday that total US (lower-48) electricity output in the week ended August 2 rose +0.9% y/y to 99,367 GWh (gigawatt hours), and US electricity output in the 52-week period ending August 2 rose +2.7% y/y to 4,259,351 GWh. Last Thursday's weekly EIA report was bullish for nat-gas prices since nat-gas inventories for the week ended August 1 rose +7 bcf, below the consensus of +12 bcf and the 5-year average of +29 bcf for the week. As of August 1, nat-gas inventories were down -4.3% y/y, but were +5.9% above their 5-year seasonal average, signaling adequate nat-gas supplies. As of August 9, gas storage in Europe was 72% full, compared to the 5-year seasonal average of 79% full for this time of year. Baker Hughes reported last Friday that the number of active US nat-gas drilling rigs in the week ending August 8 fell by -1 to 123 rigs, slipping from the 2-year high of 124 rigs posted on August 1. In the past ten months, the number of gas rigs has risen from the 4-year low of 94 rigs reported in September 2024. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
10 hours ago
- Yahoo
Is Ford Stock's Juicy Dividend Still Safe Amid the Global Tariff War?
Ford (F) delivered another strong quarter despite headwinds from shifting trade policies, intensifying global tariff disputes, and ongoing cost challenges associated with transforming its business model. Ford's stock has surged 12.5% year-to-date. However, dividend investors have another concern. Ford offers an attractive forward dividend yield of 5.4%, excluding special dividends. They question whether Ford's generous payouts can withstand the weight of a $2 billion tariff bill in 2025 while still allowing for growth in its ambitious long-term plan. Let's find out what Ford is doing about this. More News from Barchart This High-Yield (7%) Dividend Stock Is Down Significantly in 2025. Should You Buy the Dip? High Yields Without High Risk: 3 Dividend Kings You'll Want to Hold Forever Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. A Strong Quarter in a Tough Environment Ford's dividend yield exceeds the consumer discretionary sector average of 1.9% and rival General Motors' (GM) yield of 1.1%. Furthermore, its forward payout ratio (the amount of income paid out in dividends) of 43% is low, implying that dividends are currently sustainable, with room for growth. In the second quarter, Ford generated $2.8 billion in adjusted free cash flow, ending the quarter with $28.4 billion in cash and $46.6 billion in liquidity. Strong liquidity enables Ford to continue investing in growth segments, such as Ford Pro, even during macroeconomic downturns, while maintaining its dividend commitments. Ford reported revenue of $50.2 billion, an increase of 5% year-over-year and $2.1 billion in adjusted EBIT. These results came despite $800 million in net tariff costs, proving that the automaker has found ways to deliver operational improvements despite difficult trade conditions. One of the biggest safety nets for Ford's dividend is Ford Pro, the company's commercial vehicle and services division. Q2 revenue grew 11% to nearly $19 billion. Over the last 12 months, aftermarket sales (parts, software, and services) accounted for 17% of Ford Pro's EBIT, bringing it closer to the 20% target for next year. This shift to recurring, high-margin revenue makes Ford Pro less cyclical than traditional vehicle sales, which is a significant advantage during global trade disruptions. Additionally, paid software subscriptions in Ford Pro increased 24% year-on-year to 757,000. CEO Jim Farley emphasized that capital is being directed toward Ford Pro and away from specific EV projects, indicating that Ford is prioritizing profitability and stability over rapid EV expansion, which is encouraging for dividend investors. The electric vehicle (EV) industry as a whole has been dealing with demand fluctuations and profitability issues. However, Ford's Model e division more than doubled revenue to $2.4 billion this quarter, with significant margin improvement and lower material costs. Ford's next EV push, which Farley described as a 'Model T moment,' debuted on August 11 in Kentucky, with a new electric platform aimed at redefining family vehicles in terms of technology, efficiency, and features. This launch, if successful, could have a significant impact on Ford's long-term market positioning, although near-term EV profitability remains a work in progress. Management boasted that Ford sold more electrified vehicles (EVs + hybrids) than its two main domestic rivals combined, with electrified models accounting for 14% of total U.S. sales. How Ford Plans to Tackle Tariffs and Trade Policy Farley stated that Ford expects tariffs to be a $2 billion net cost headwind this year, which the company is actively managing through product strategy, pricing discipline, and targeted capital allocation. Ford's tariff strategy is to avoid high-volume, generic vehicle segments that require overseas production to remain cost-competitive. Instead, it plans to focus on: Trucks and SUVs, where Ford has a dominant market share Ford Pro commercial vehicles and services Iconic passion products such as the Bronco and Mustang Breakthrough EV technology developed and manufactured in the U.S. The company also plans to save $1 billion in net costs this year (excluding tariffs), with material cost reductions accounting for the majority of the savings. Ford reiterated its capital return policy of returning 40% to 50% of trailing adjusted free cash flow to shareholders by 2025. For the third quarter, the board declared a dividend of $0.15 per share Given Ford's consistent free cash flow generation, strong liquidity position, diverse profit streams, and ongoing cost-cutting efforts, the current dividend appears sustainable, even in the face of $2 billion in full-year net tariff headwinds. With tariffs already factored in, Ford anticipates adjusted EBIT of $6.5 billion to $7.5 billion and adjusted free cash flow of $3.5 billion to $4.5 billion. This suggests that, despite policy uncertainty, the company believes its core business is strong enough to meet its guidance. What Is Wall Street Saying About Ford Stock? On Wall Street, Ford stock is rated an overall 'Hold.' Of the 24 analysts that cover the stock, three rate it a 'Strong Buy,' 15 rate it a 'Hold,' two say it is a 'Moderate Sell,' and four rate it a 'Strong Sell.' Ford's stock has surpassed the average analyst target price of $10.33. However, its high target price of $14.00 implies that the stock could rise as much as 25% from current levels. The Takeaway: Ford's Dividend Looks Secure for Now While risks such as further trade escalation, EV demand volatility, or a sharp industry slowdown remain, Ford's strong balance sheet, diverse operations, and disciplined capital allocation suggest that its dividend payouts are safe for now. On the date of publication, Sushree Mohanty did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
10 hours ago
- Yahoo
Cotton Rallies as USDA Production Cut
Cotton futures were in rally mode on Tuesday, as USDA played a supportive role. Contracts were up 161 to 178 points at the close. The US dollar index was back down $0.466 to $97.895, as crude oil futures were down 86 cents. USDA showed a total of 840,000 planted acres and 1.3 million harvested acres cut from cotton this morning with yield up 53 lbs to 862 lbs/ac. Production was still trimmed by 1.39 million bales to 13.21 million bales. That mixed with a 100,000 bale cut to old crop stocks to 4 million bales, helped to tighten the new crop stocks. That was down 1 million bales to 3.6 million with a 500,000 bale cut to exports. More News from Barchart Coffee Prices Settle Sharply Higher as Supplies Tighten Grain Traders Await Key USDA Report on August 12. Big US Corn, Soybean Crops Expected. Cocoa Prices Rally on Dry West African Weather Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. The weekly Crop Progress report from NASS showed conditions down 2% at 53% gd/ex, with the Brugler500 index falling 7 points to 338. Conditions in TX were down 8, with GA slipping 3 points. The Seam reported 2,638 bales sold on the Monday online auction at an average price of 70.47 cents/lb. The Cotlook A Index was back up 25 points at 78.00 cents on August 11. ICE cotton stocks were steady on 8/11, with the certified stocks level at 18,242 bales. USDA's Adjusted World Price (AWP) was down 13 points on Thursday afternoon at 54.39 cents/lb. Oct 25 Cotton closed at 67.07, up 178 points, Dec 25 Cotton closed at 68.39, up 163 points, Mar 26 Cotton closed at 69.84, up 161 points On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
