Latest news with #SPGI
Yahoo
8 hours ago
- Business
- Yahoo
U.S. tariffs slowed down China's manufacturing in May
A new survey of Chinese manufacturers released Tuesday showed factory activity shrank in May, dropping to the lowest level in nearly three years after a barrage of tariffs from the Trump administration dented the sector. The data from Caixin Media Co. and S&P Global (SPGI) said the Caixin/S&P Global manufacturing purchasing managers' index slipped to 48.3 last month from 50.4 in April. 'Overall, in May, manufacturing supply and demand declined, dragged by overseas demand,' Wang Zhe, a Caixin Media Group economist, said in the report. It was the lowest recorded reading since September 2022. The Caixin PMI is used to measure Chinese manufacturing activity, and the 50-mark designates the border between expansion and contraction. The decline was the result of a sharp reduction in new manufacturing orders, per the Caixin report. Chinese factory output also fell for the first time in 19 months, breaking a prolonged stretch of growth. A positive indicator in the report was a slight improvement in business optimism, as Chinese companies expressed confidence that trade tensions between the U.S. and China will cool in the near future. They also showed optimism in their ability to secure new markets for exports. President Donald Trump initially imposed triple-digit levies on China in April, and scaled it back a month later to 30% after a preliminary agreement to continue talks towards a bigger trade deal was secured. China maintains a 10% tariff on U.S. products. Those negotiations appear to be stuck in neutral at the moment, and both countries have accused one another of violating the early accord. White House Press Secretary Karoline Leavitt said on Monday that it was likely that Trump and Chinese President Xi Jinping would speak this week. Meanwhile, the Organization for Economic Cooperation and Development said in another report released Tuesday that Trump's sweeping import taxes are boomeranging to damage the U.S. economy. The group projected U.S. GDP growth to reach 1.6% in 2025, a sharp decrease from its original projection of 2.2%. For the latest news, Facebook, Twitter and Instagram.
Yahoo
5 days ago
- Business
- Yahoo
S&P Global Expands Databricks Partnership, Adds Capital IQ Pro Datasets for Enhanced Analytics
On Wednesday, S&P Global Inc. (NYSE:SPGI) announced an expanded collaboration with Databricks by adding several S&P Capital IQ Pro datasets to Databricks via Delta Sharing. The enhancement enables users to directly access and query a range of additional S&P Global datasets, such as financials, estimates, filings, transcripts, transactions, and sustainability data, without requiring data ingestion. A group of analysts studying data on a large monitor. The datasets are valuable for investment management, risk assessment, and competitive intelligence. Delta Sharing is Databricks' open-source protocol that facilitates the secure sharing of live data across various platforms, clouds, and regions. The technology minimizes data duplication and latency issues, and ensures that investment, risk, and strategy teams can always work with the most current data within their existing Databricks environment. S&P Global's previous collaborations with Databricks included the integration of energy and commodities datasets from its Commodity Insights division and the development of the S&P Global Capital IQ Workbench, which is a collaborative analytics notebook environment. S&P Global plans to continue adding more datasets to Databricks Delta Sharing, which will be accessible through both the S&P Global Marketplace and Databricks Marketplace. Warren Breakstone, Head of Data & Research at S&P Global Market Intelligence, emphasized the importance of meeting clients where they are in today's dynamic market. He highlighted that the expanded relationship with Databricks will provide more seamless access and efficient querying. S&P Global Inc. (NYSE: SPGI) provides credit ratings, benchmarks, analytics, and workflow solutions across the global capital, commodity, and automotive markets. Whereas Databricks is a data and AI company While we acknowledge the potential of SPGI 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 SPGI and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
23-05-2025
- Business
- Yahoo
Booz Allen Gears Up to Report Q4 Earnings: What's in the Offing?
Booz Allen Hamilton Holding Corporation BAH is scheduled to report its fourth-quarter fiscal 2025 results on May 23, before the bell. The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the past four quarters and missing once, delivering an average surprise of 6.7%. Booz Allen Hamilton Holding Corporation price-eps-surprise | Booz Allen Hamilton Holding Corporation Quote The consensus estimate for revenues in the to-be-reported quarter is pegged at $3.02 billion, indicating 8.9% growth from the year-ago quarter's actual figure. Several factors are expected to have driven the anticipated top-line growth, such as strong service demand, headcount growth and higher billable expenses. The consensus estimate for EPS in the to-be-reported quarter is pegged at $1.59, indicating 19.4% growth from the year-ago quarter's actual figure. This expected increase is likely to have been driven by strong operating performance. Our proven model does not conclusively predict an earnings beat for BAH this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they're reported with our Earnings ESP Filter. BAH has an Earnings ESP of +1.42% and a Zacks Rank of 4 (Sell). You can see the complete list of today's Zacks #1 Rank stocks here. S&P Global SPGI reported better-than-expected first-quarter 2025 results. SPGI's adjusted EPS of $4.37 surpassed the Zacks Consensus Estimate by 3.6% and gained 9% year over year. Revenues of $3.8 billion beat the consensus estimate by 2% and grew 8.3% year over year. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Verisk VRSK has reported better-than-expected first-quarter 2025 results. VRSK's adjusted earnings were $1.73 per share, surpassing the Zacks Consensus Estimate by 3.6% and increasing 6.1% from the year-ago quarter. Total revenues of $753 million beat the consensus estimate marginally and increased 7% on a year-over-year basis. Interpublic IPG reported mixed first-quarter 2025 results. The company's earnings beat the Zacks Consensus Estimate, while revenues missed the mark. IPG's adjusted earnings of 33 cents per share surpassed the Zacks Consensus Estimate by 10% but decreased 8.3% from the year-ago quarter. Revenues before billable expenses (net revenues) of $2 billion missed the consensus estimate by a slight margin and declined 20% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Interpublic Group of Companies, Inc. (The) (IPG) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report S&P Global Inc. (SPGI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
16-04-2025
- Automotive
- Yahoo
America is already running low on cars to sell
The number of vehicles available for purchase in the U.S. is decreasing quickly as people scramble to buy cars before the full effects of President Donald Trump's tariffs kick in, according to a new report. The total supply of new vehicles on dealer lots is down 10.2% from the start of March, from 2.99 million to 2.69 million, according to auto industry tracker Cox Automotive. The group says sales surged last month due to seasonal trends as well as 'the urgency created by the import tariff announcement.' 'The new retail sales pace increased almost every week in February and March, with a strong surge at month-end with the import tariff announcement creating urgency in the final five days of the month,' the report says. By the end of March, the 30-day weekly sales pace was up 17.2% compared with late February and up 11.9% year-over-year. U.S. lots currently have a 70-day supply of new vehicles, down 21 days from the 91 days calculated at the beginning of March. That places the early April supply down 10 days compared with the same period last year and at its lowest level since 2023. 'With import tariffs now in place and parts tariffs likely to start in May, we expect supply to tighten even more in the weeks ahead,' Cox Automotive wrote. Tariffs of 25% on all light-vehicle imports to the U.S., regardless of what country they're imported from, went into effect on April 3. A 25% tariff on auto parts is set to take effect on May 3. The group wrote that it expects prices to 'significantly increase' as the tariffs kick in. 'As pre-tariff inventory is depleted, automakers distribute these additional costs across their entire portfolio of vehicles,' it said. 'As a result of these tariffs and the tightening inventory, and without a policy change in Washington, consumers should anticipate higher prices and fewer discounts on new vehicles by summer,' the report said. Cox Automotive added that it expects tariffs to decrease both production and sales, which will lead to higher prices for both new and used cars. The group also said that some models may be discontinued as manufacturers adjust to the new economics. Earlier in the week, S&P Global Mobility (SPGI) cut its forecast for 2025 car and light truck sales by 700,000 units. 'The impact of Trump's auto tariffs, in combination with the 10% universal tariff, has led to one of the largest single-month changes we've ever made to the forecast,' the group wrote. Only the COVID-19 pandemic and the 2008-09 financial crisis triggered bigger adjustments. S&P also cut its 2026 forecast by 1.2 million units and its 2027 forecast by 930,000 units compared with its outlook a month ago. For the latest news, Facebook, Twitter and Instagram.
Yahoo
11-04-2025
- Business
- Yahoo
Parnassus Value Equity Fund Exits Ross Stores Inc, Impacting Portfolio by -2.13%
Warning! GuruFocus has detected 5 Warning Signs with SPGI. Parnassus Value Equity Fund (Trades, Portfolio) recently submitted its N-PORT filing for the first quarter of 2025, shedding light on its strategic investment decisions during this period. As part of Jerome Dodson (Trades, Portfolio)s Parnassus Investments, the fund is known for its fossil-fuel-free and positive workplace investment philosophy. Initially managed by Dodson, the fund transitioned to Billy Hwan's leadership in 2020. In 2021, Affiliated Managers Group acquired a majority stake in Parnassus, further solidifying its market presence. Formerly known as the Parnassus Endeavor Fund, it was renamed on December 30, 2022. The fund focuses on U.S. large-cap companies with long-term competitive advantages, quality management, and strong ESG performance, while avoiding fossil fuel investments. The managers aim to outperform the S&P 500 Index by investing in quality companies at discounted prices, accepting a wide range of outcomes for temporarily undervalued stocks. Parnassus Value Equity Fund (Trades, Portfolio) added a total of two stocks, among them: The most significant addition was JPMorgan Chase & Co (NYSE:JPM), with 373,822 shares, accounting for 2.05% of the portfolio and a total value of $91.7 million. The second largest addition to the portfolio was Advanced Micro Devices Inc (NASDAQ:AMD), consisting of 479,833 shares, representing approximately 1.1% of the portfolio, with a total value of $49.3 million. Parnassus Value Equity Fund (Trades, Portfolio) also increased stakes in a total of 12 stocks, among them: The most notable increase was Novo Nordisk AS (NYSE:NVO), with an additional 332,361 shares, bringing the total to 926,083 shares. This adjustment represents a significant 55.98% increase in share count, a 0.52% impact on the current portfolio, with a total value of $64.3 million. The second largest increase was FedEx Corp (NYSE:FDX), with an additional 68,158 shares, bringing the total to 369,368. This adjustment represents a significant 22.63% increase in share count, with a total value of $90.0 million. Parnassus Value Equity Fund (Trades, Portfolio) completely exited two holdings in the first quarter of 2025, as detailed below: Ross Stores Inc (NASDAQ:ROST): Parnassus Value Equity Fund (Trades, Portfolio) sold all 676,514 shares, resulting in a -2.13% impact on the portfolio. Align Technology Inc (NASDAQ:ALGN): Parnassus Value Equity Fund (Trades, Portfolio) liquidated all 330,007 shares, causing a -1.44% impact on the portfolio. Parnassus Value Equity Fund (Trades, Portfolio) also reduced positions in 15 stocks. The most significant changes include: Reduced Gilead Sciences Inc (NASDAQ:GILD) by 509,284 shares, resulting in a -44.21% decrease in shares and a -0.98% impact on the portfolio. The stock traded at an average price of $103.18 during the quarter and has returned 15.37% over the past 3 months and 12.26% year-to-date. Reduced Citigroup Inc (NYSE:C) by 473,251 shares, resulting in a -27.42% reduction in shares and a -0.69% impact on the portfolio. The stock traded at an average price of $76.25 during the quarter and has returned -14.06% over the past 3 months and -12.83% year-to-date. At the first quarter of 2025, Parnassus Value Equity Fund (Trades, Portfolio)'s portfolio included 45 stocks. The top holdings included 3.86% in S&P Global Inc (NYSE:SPGI), 3.65% in Deere & Co (NYSE:DE), 3.42% in Sysco Corp (NYSE:SYY), 3.37% in Bank of America Corp (NYSE:BAC), and 3.34% in Verizon Communications Inc (NYSE:VZ). The holdings are mainly concentrated in 9 of the 11 industries: Financial Services, Healthcare, Technology, Industrials, Consumer Cyclical, Communication Services, Real Estate, Consumer Defensive, and Utilities. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Sign in to access your portfolio
