Latest news with #RaymondJames
Yahoo
5 hours ago
- Business
- Yahoo
Raymond James Remains a Buy on AT&T Inc. (T), Sets a PT of $31
AT&T Inc. (NYSE:T) is one of the most undervalued blue chip stocks to buy according to hedge funds. In a report released on July 24, Frank Louthan from Raymond James maintained a Buy rating on AT&T Inc. (NYSE:T) with a price target of $31.00. Ken Wolter / The rating came after AT&T Inc. (NYSE:T) reported its fiscal Q2 2025 results on July 23, with total revenues and adjusted EBITDA both growing 3.5% year-over-year at a consolidated level. Adjusted EPS for the quarter reached $0.54, up approximately 6% from $0.51 in the prior year. Free cash flow also rose from $4 billion in the prior year to $4.4 billion in Q2 2025. AT&T Inc. (NYSE:T) expects Q3 2025 capital investment to be in the $5 billion to $5.5 billion range, with free cash flow in the $4.5 billion to $5 billion range. AT&T Inc. (NYSE:T) provides telecommunications and technology services and operates through the Communications and Latin America segments. Its Communications segment offers wireline telecom, wireless, and broadband services in the US and globally, while the Latin America segment manages services in Mexico. While we acknowledge the potential of T 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
Skift
7 hours ago
- Business
- Skift
Toronto Has Canada's Largest Hotel Pipeline
The DJIA was down 172 points while the Nasdaq was up 31, the S&P 500 fell 8 points, and the 10-year treasury yield was up .05 to 4.34%. It was a weird day on Wall Street as we have no idea why the Fed kept interest rates unchanged sparked such a negative reaction since that is what was expected. Lodging stocks were lower, with REITs hit the hardest. SVC was down -8% while PEB was the other big mover, down -5% on the day. Pebblebrook Hotel Trust reported a modest earnings beat, with business interruption insurance proceeds from La Playa and the transformed Newport Harbor boosting results. PEB management said demand has remained resilient and that is probably going to help sentiment on the whole group, at least until some company reports results and sounds less enthusiastic. PEB bought back 112,000 shares for $1 million during the quarter. Raymond James&nbs
Yahoo
17 hours ago
- Business
- Yahoo
Raymond James Raises PT on Methanex Corporation (MEOH) from $40 to $45; Maintains ‘Outperform' Rating
Methanex Corporation (NASDAQ:MEOH) is included in our list of the . A vast oil and gas rig silhouetted in the sunset, capturing the power of Swift Energy Company. On July 15, 2025, Raymond James increased its price target on Methanex Corporation (NASDAQ:MEOH) to $45.00 from $40.00, maintaining an 'Outperform' rating. The analyst aligned its target with broader analyst sentiment. Due to long-lasting supply concerns in major methanol-producing regions, particularly Iran, methanol prices have been doing better, driving positive market sentiment. Both spot and contract prices have benefited from the global supply disruptions. Looking ahead, Raymond James raised its 2025 and 2026 earnings estimates for Methanex Corporation (NASDAQ:MEOH), reflecting the favorable pricing environment. Furthermore, its acquisition of OCI Global's international methanol business positions the company for continued growth. Methanex Corporation (NASDAQ:MEOH) is a methanol producer, operating in Asia-Pacific, North America, Europe, and South America. It remains on our list of the most undervalued stocks. While we acknowledge the potential of MEOH 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 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
17 hours ago
- Business
- Yahoo
Raymond James Raises Tapestry Target to $115 as Coach Momentum Builds
Tapestry (NYSE:TPR) is one of the best multibagger stocks according to hedge funds. On July 22, 2025, Raymond James analyst Rick Patel reiterated his 'Outperform' rating on Tapestry and raised the price target from $85 to $115. Analysts, in general, point to accelerating momentum in the company's Coach brand, particularly strong demand for its Tabby and Brooklyn bag lines, and noted improving web traffic as a signal of rising consumer interest. Creative Lab/ They also pointed to operational streamlining following the sale of the Stuart Weitzman brand and emphasized the company's focus on scaling its higher-margin core businesses. Analysts expect the sharpened portfolio to support margin expansion and top-line acceleration in the upcoming quarters. Tapestry, Inc. (NYSE: TPR) is a New York–based luxury fashion company and the parent of Coach and Kate Spade. It designs and markets handbags, accessories, and footwear globally. While we acknowledge the potential of TPR 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: and . Disclosure: None.
Business Times
2 days ago
- Business
- Business Times
Is US stock rally near Magnificent Seven turning point?
AS INVESTORS brace for the busiest week of the US earnings season, with four of the 'Magnificent Seven' tech giants reporting, debate is picking up again about these mega-cap companies' influence over American equity indices and whether we could be seeing the beginnings of true market broadening. By some measures, this small clutch of tech titans' profits, market cap and valuations as a share of the wider market has never been bigger. Broader indices are at record highs, but strip out these firms and the picture is much less rosy. Indeed, since the beginning of 2023, the S&P 500 composite – the benchmark market-cap index increasingly dominated by the Magnificent Seven – has gained 67 per cent, more than double the equal-weight index's 32 per cent. Only two years ago, the S&P 500 composite/equal-weight ratio was 0.66, meaning the composite index was worth around two-thirds of the equal-weight index. That ratio is now 0.84, the highest since 2003. There's good reason for that. According to Larry Adam, chief investment officer at Raymond James, 12-month forward earnings estimates for the S&P 500 have outpaced estimates for the equal-weight index by 14 per cent. And Tajinder Dhillon, senior research analyst at LSEG, notes that the Magnificent Seven last year accounted for 52 per cent of overall earnings growth. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Many investors and analysts consider it unhealthy to have the fate of the entire market dependent on so few companies. It may be fine when they're flying high, but not so much if one or two of them take a dive. Plus, it makes stock picking more difficult. If the market basically follows the Magnificent Seven or Nvidia, why should an investor bother buying anything else? That's a recipe for market inefficiencies. Yachts and all boats? There have recently been nascent signs that the market may be broadening out beyond tech and artificial intelligence-related names, largely thanks to positive news on the trade front. Last week, the equal-weight index eclipsed November's high to set a fresh record. Raymond James' Adam notes that the equal-weight index outperformed the S&P 500 last week for the fourth week in the last 13. More of the same this week would mark its first monthly outperformance since March. Can it hit this mark? Around 160 of the S&P 500-listed companies report this week, including Meta, Microsoft, Amazon and Apple. It's not a stretch to say these four reports will move the market more than the rest combined. LSEG's Dhillon says the Magnificent Seven's share of total earnings growth is expected to fall to 37 per cent this year and 27 per cent next year. The expected earnings growth spread between these stocks and the wider index in the second quarter – 16.4 per cent versus 7.7 per cent – is the smallest since 2023, and will shrink more in Q3, he adds. Adam, however, thinks the recent market broadening is a 'short-term normalisation' rather than a 'material shift'. He thinks the earnings strength of the tech-related sectors justifies the valuation premium on these stocks. Regardless, what we know for sure is that fears about the market's concentration and narrowness have been swirling for years and there has yet to be a reckoning. The equal-weight index's rise to new highs last week suggests the rising tide is lifting all boats, not just the billionaires' yachts. Essentially, the Magnificent Seven and large caps are outperforming, but if you peel back the onion, other sectors such as financials and industrials are also doing well. And look around the world. Many indices outside the US that aren't tech-heavy are approaching or printing new highs also, such as Britain's FTSE 100 and Germany's DAX. 'To see the largest names leading isn't a worrisome sign, especially as they are backing it up with very strong earnings,' says Ryan Detrick, chief market strategist at Carson Group. 'This isn't a weak-breadth market, it is broad-based and a very healthy rally.' This week's earnings might go some way to determining whether this continues for a while yet. REUTERS
