Latest news with #RBCCapitalMarkets
Bloomberg
3 hours ago
- Business
- Bloomberg
Need Earnings Upgrades to Live Up to Valuations: Reingen
The Pulse with Francine Lacqua July 30th, 2025, 5:33 AM GMT+0000 Anke Reingen, Co-Head of Global Financials Research at RBC Capital Markets, discusses recent US and European bank earnings with Bloomberg's Anna Edwards on 'The Pulse.' (Source: Bloomberg)
Yahoo
14 hours ago
- Business
- Yahoo
RBC's Calvasina Says Too Early to Dismiss Tariff Hit to Earnings
(Bloomberg) -- The US reporting season is off to a strong start, but it would be premature to write off the impact of tariffs on inflation and corporate earnings, according to RBC Capital Markets strategists. The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Budapest's Most Historic Site Gets a Controversial Rebuild Trump Administration Sues NYC Over Sanctuary City Policy The team led by Lori Calvasina said early trends suggest US companies have been resilient to the trade war so far. However, a slate of executives have warned that the effects will become clearer in the second half of the year, they said. 'It's still too early to assume tariffs won't generate inflation pressures,' Calvasina wrote in a note that was published Sunday, after the trade agreement between the European Union and the US was announced. 'It also poses a risk to the path of stock prices if company outlooks for 2026 don't end up being as rosy as investors have been anticipating.' US stocks have rallied to record highs as investors bet earnings would continue to be robust. About 82% of S&P 500 companies have beaten second-quarter earnings estimates to date, the largest share in almost four years, according to data compiled by Bloomberg Intelligence. Progress in US trade negotiations has also lifted sentiment. In the latest agreement announced Sunday, Washington and the European Union agreed on a pact that will see the bloc face duties of 15% on most of its exports. Some market forecasters including Morgan Stanley's Michael Wilson have turned more optimistic about the S&P 500 as they expect earnings to remain upbeat. On Monday, Oppenheimer & Co.'s John Stoltzfus upgraded his year-end target for the benchmark to 7,100 points — the highest among strategists tracked by Bloomberg. However, others like UBS Group AG's Bhanu Baweja have previously warned the market was too optimistic about profit margins being protected even in the face of higher levies. Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme Scottish Wind Farms Show How to Counter Nimby Opposition ©2025 Bloomberg L.P.
Yahoo
18 hours ago
- Business
- Yahoo
Coeur Mining, Inc. (CDE) Presents Bullish Case for Rochester Mine at RBC Capital Markets Global Mining & Materials Conference
With strong billionaire interest, Coeur Mining, Inc. (NYSE:CDE) is included in our list of the . A closeup view of a large gold mine, illustrating the company's gold properties. In June, Coeur Mining, Inc. (NYSE:CDE) attended the RBC Capital Markets Global Mining & Materials Conference, presenting a bullish case for the multi-asset producer, the Rochester mine, which is set to demonstrate a solid performance. The mine, which recently underwent an upgrade, is now in its first full year of operations at this new, larger scale. Rochester is expected to expand margins by significantly boosting silver output and cutting costs. Furthermore, the addition of high-grade, low-cost production through Las Chispas has expanded the company's portfolio. Coeur Mining, Inc. (NYSE:CDE)'s proven and probable reserves are up 66% over five years, thanks to its $77-$93 million budget for 2025. With a reduction in net debt/EBITDA to 0.9x and expectations of EBITDA doubling in the next year, the company is well placed for strong future growth. The company's share price is up 62.24% on a YTD basis. With Palmarejo, Rochester, Kensington, Wharf, Silvertip, and Las Chispas segments, Coeur Mining, Inc. (NYSE:CDE) operates as a gold and silver producer in the United States, Canada, and Mexico. It is included in our list of the best gold stocks. While we acknowledge the potential of CDE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and 10 Cheap Lithium Stocks to Buy According to Hedge Funds. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Irish Examiner
19 hours ago
- Business
- Irish Examiner
Cork-based multinational Johnson Controls raises annual profit forecast
Johnson Controls International raised its annual profit forecast on Tuesday, after beating third-quarter profit estimates on the back of sustained demand for its electrical and industrial equipment. The Cork-based firm, which makes liquid cooling systems for IT equipment as well as specialized security and fire systems, has been benefiting from the rising data centre construction as businesses ramp up spending on AI technologies. Johnson Controls' total quarterly revenue came in at $6.05bn (€5.25bn), compared with Wall Street expectations of $6.01bn (€5.21bn). "While these are modestly better operating results with a guidance (raise), in this earnings season, modest beats and raises have not been getting bought," RBC Capital Markets analyst Dray Deane said. The company expects 2025 adjusted profit between $3.65 and $3.68 per share, compared with previous expectations of $3.60 apiece. It reported adjusted profit of $1.05 per share for the third quarter, beating analysts' average estimate of $1.01, according to data compiled by LSEG. Reuters
CNBC
21 hours ago
- Automotive
- CNBC
Tesla's valuation could 'far exceed' current levels, RBC Capital Markets says
Tesla has big shoes to fill in robotics and driving software and is making significant progress in those goals, according to RBC Capital Markets. The investment firm maintained its outperform rating on the electric vehicle stock while lifting its price target by $4 to $325, which analyst Tom Narayan said incorporates Tesla's 2026 valuation and global humanoid robot penetration estimates. Narayan's new price target suggests shares are fairly valued, as the stock last closed at $325.59 per share. Shares are down more than 19% year to date. "Should Tesla be successful on all of its goals, its valuation could far exceed even current levels. The Austin robotaxi launch has been better than many feared and the company is looking to expand in more cities," Narayan said in a Monday note to clients, adding that "regulatory hurdles remain, however ... we expect the end of IRA credits and high levels of used EV inventory to pressure the auto business for the next several quarters." Narayan pointed to Tesla's $300 million tariff-related impact in the second quarter, stemming from headwinds in its cars and energy business. TSLA 1Y mountain Tesla stock performance over the past year. Looking ahead, Narayan is bullish on Tesla's robotaxi expansion, although he believes the company's goal to reach half of the U.S. population by year-end is a "stretch target." Tesla recently expanded its robotaxi operating region in Austin, Texas , and is testing the service in Nevada and the San Francisco Bay Area among other locations. He's also betting big on Tesla's humanoid robots efforts. "Management maintained its goal to reach 1M units per year in less than 5 years. The prototype of its Optimus 3 will be ready by the end of this year and SOP still start next year," Narayan said in the note. "Our model only assumes this business will be used for manufacturing jobs. The reality is should these be used for home/retail purposes, the potential upside could be far greater than any other Tesla business." Narayan remains watchful of Tesla's full-self driving V.12 updates, which he said has driven a 25% increase in adoption rates. The company's supervised FSD remains to be approved in the EU and China, he said.
