Head of US Equity and Quant Strategy at BoA Sees Too Many Red Flags in Stock Markets
Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Securities, warned that the S&P 500 shows many red flags reminiscent of early 2020. She highlighted energy’s strong momentum, overvalued tech and communications, and consumer staples lagging but historically primed for outsized gains. Subramanian reiterated a year‑end S&P target of 7,100 points, about 6% below current levels, and recommended long positions in financials, energy, materials and staples while avoiding discretionary and utilities. She cited a crowded index, new issuance and rising capex eroding free‑cash flow as key concerns.
Parsons Corporation (PSN): A Debt-Free IT Stock Backed by $99 Million Air Force Contract
Parsons Corporation (NYSE:PSN) landed a $99 million task order from the U.S. Air Force Research Laboratory on June 6, marking a significant win for its defense‑focused IT portfolio. The five‑year, two‑month contract will fund research, development, engineering, and demonstration of command‑and‑control, space...
Stifel Raises Its Price Target on Ciena (CIEN)
Stifel raised its price target on Ciena Corp. (CIEN) to $615, up from $585, and kept a Buy rating. Citi and TD Cowen also lifted their targets, to $658 and $675 respectively, citing accelerating demand for optical connectivity and AI‑driven data‑center...
Oppenheimer Upgrades Quanta Services (PWR) to Outperform
On May 28, 2026 Oppenheimer upgraded Quanta Services (NYSE:PWR) to Outperform, setting an $800 price target after transferring coverage. The brokerage highlighted the company’s exposure to high‑growth markets such as power generation, underground network modernization, and pipelines, and expects margin...
BofA Raises Its Price Target on Welltower (WELL)
Bank of America increased its price target for Welltower Inc. (WELL) to $277, up from $260, while keeping a Buy rating. The adjustment follows the REIT’s strong first‑quarter results, which showed normalized FFO of $1.47 per share and revenue of...
Microsoft (MSFT): Our Calculation of Intrinsic Value
Our weekly DCF model values Microsoft at an intrinsic $245 per share, far below its current trading level near $416. The analysis uses an 8% discount rate, 3% terminal growth, and projects free cash flow rising to $102 billion by 2030,...
Lululemon Athletica Inc (LULU) — Deeply Undervalued Premium Athletic Apparel and Lifestyle Brand
Lululemon Athletica (LULU) is highlighted as a potentially undervalued premium athletic apparel brand, trading at an IV/P of 1.20 and an Acquirer’s Multiple of 6.9. The company posted $11.1 billion in revenue, $1.58 billion net income and $922 million free cash flow for...
10 Best American Stocks to Buy and Hold for the Next Decade
The article outlines a curated list of the ten best U.S. stocks to buy and hold for the next decade, emphasizing earnings durability, reinvestment capacity, and balance‑sheet strength. It highlights recent analyst upgrades for Analog Devices (ADI) and CrowdStrike (CRWD),...
What Is Driving the Renewed Case for Investing Outside the U.S.?
After 15 years of U.S. market dominance, international developed equities are regaining appeal. Shifts in Europe’s infrastructure and defense spending, Japan’s AI‑driven reindustrialization, and a weaker dollar are reshaping earnings prospects. The Wealth Enterprise Briefing highlights how these structural changes,...
Jeremy Grantham: Distinguishing Great Technology From Great Investments
Jeremy Grantham, co‑founder of GMO, warns that the current AI‑driven rally mirrors past speculative bubbles such as the dot‑com era and the Japanese asset boom. He notes that while AI is a genuine breakthrough, investor enthusiasm has pushed valuations of...
Research Pipeline Session #20: A Mispriced Industrial With an Unrecognized AI Business
The note flags a micro‑cap industrial firm whose data‑center power unit is expanding about 50% year‑over‑year and would normally command a 5‑7× EV‑to‑sales multiple on its own. Because the segment sits inside a loss‑making legacy industrial wrapper, the combined market...
Total Return Forecasts: Major Asset Classes | 2 June 2026
The Global Market Index (GMI), a market‑value weighted mix of major asset classes via ETFs, now projects a 7.6% annualized total return for the long term – the highest level in recent history but still below its 10‑year realized 10.1%...
Morgan Stanley Reiterates $330 Price Target with Bull-Case $440
Morgan Stanley analyst Erik Woodring reaffirmed an Overweight rating on Apple and kept his $330 price target, while outlining a bull‑case that could push the stock to $440. He argues that a successful AI strategy, highlighted at the upcoming WWDC,...
Investcorp Credit Management BDC: Visiting the Private Credit Garbage Bin
Investcorp Credit Management BDC (ICMB) is a distressed sub‑scale BDC with a $17 million market cap that refinanced its maturing debt in March through an affiliate of its external manager. Post‑refinance, the standalone BDC economics collapsed, prompting the board to explore...
Yahoo Finance: “Why Rising Interest Rates Haven’t Crushed Stock Valuations”
DataTrek co‑founder Nick Colas argues that higher interest rates do not automatically depress equity valuations. He cites 2015‑2019, when the 10‑year Treasury yielded about 2.3% and the S&P 500 forward P/E hovered 15‑18x, versus the current environment where the 10‑year...
Wells Fargo Raises Its Price Target on State Street (STT)
State Street Corp reported Q1 2026 earnings of $2.84 per share and revenue of $3.8 billion, both beating analyst expectations. Wells Fargo raised its price target to $171 from $162 and kept an Overweight rating, while Citi lifted its target to...
Susquehanna Bullish on Woodward (WWD) as Aerospace Demand Supports Long-Term Growth
Susquehanna Securities began coverage of Woodward Inc. (WWD) with a Positive rating and a $423 price target, citing robust aerospace demand. The firm projects 12% annual revenue growth and 24% annual free cash flow expansion through fiscal 2028, driven by...
Delta Air Lines (DAL): Our Calculation of Intrinsic Value
Delta Air Lines was valued using a discounted cash flow model that assumes a 10% discount rate and 3% terminal growth. Projected free cash flow climbs from $4.2 billion in 2026 to $5.4 billion in 2030, giving a present value of about...
Deeply Undervalued Poultry Producer: Pilgrim’s Pride Corporation (PPC)
Pilgrim’s Pride Corporation (PPC) is a leading vertically integrated poultry producer with $18.6 billion in revenue and operations across the U.S., Europe, and Mexico. The stock trades at an Acquirer’s Multiple of 6.3 and an IV/P of 1.5, indicating a sizable...
Argus Maintains Buy Rating on Intuit (INTU)
Intuit reported fiscal Q3 revenue of $8.56 billion and EPS of $12.80, beating consensus estimates and showing double‑digit growth in TurboTax, Credit Karma and its Global Business Solutions. Argus lowered its price target to $480 from $580, while TD Cowen cut...
Citi Raises Its Price Target on Howmet Aerospace (HWM)
Howmet Aerospace reported a strong Q1, posting $1.22 EPS and $2.31 billion revenue, both above consensus, with 19% year‑over‑year revenue growth and EBITDA margin expanding to 32%. Citi raised its price target to $303 from $271, while Jefferies lifted its target...
Raymond James Raises Its Price Target on Analog Devices (ADI)
Raymond James raised its price target for Analog Devices (ADI) to $430, up from $385, while maintaining an Outperform rating. TD Cowen also lifted its target to $450, citing strong AI‑driven data‑center demand and the recent Empower Semiconductor acquisition. ADI...
BJ's Wholesale: Mind The Gap
BJ's Wholesale Club has shown modest improvement in its public‑market narrative, yet its core financial metrics still lag behind the industry leaders. Over the past 18 months the retailer’s comparable‑sales growth has averaged roughly 400 basis points below Costco’s U.S....
Is S&P Global (SPGI) One of the Top Picks for a Dividend Stock Portfolio For Retirement?
S&P Global Inc. announced that its Board approved the separation of its Mobility division into a new publicly traded entity, Mobility Global. The spin‑off will be executed via a pro‑rata distribution, giving shareholders one Mobility Global share for each S&P...
Barclays Reaffirms Bullish View on The Coca-Cola Company (KO) with Higher Price Target
Barclays upgraded its recommendation on The Coca‑Cola Company, raising the price target to $89 from $85 while keeping an Overweight rating. In its Q1 2026 earnings call, Coca‑Cola projected 4%‑5% organic revenue growth and 6%‑7% currency‑neutral EPS growth, with comparable...
Bernstein Says “This Is the Moment” To Buy American Tower Corporation (AMT)
Bernstein upgraded American Tower Corp. (AMT) to Outperform on May 19, maintaining a $207 price target and noting the stock trades at a five‑year low multiple. The firm argued the market overstates risks and undervalues upside, calling the moment ripe for...
Taiwan Vs. China
Taiwan’s weighting in the MSCI Emerging Markets (EM) index has overtaken China’s for the first time, as recent MSCI data shows Taiwan now representing a larger share of the index. Korea’s EM weight is also climbing, narrowing the gap with...
15 High Growth Stocks to Buy and Hold for the Next Decade
Investors are shifting focus from the first wave of AI mega‑caps to a broader set of high‑growth companies that can sustain 30%+ earnings growth over the next decade. BlackRock, Capital Group and T. Rowe Price all note a widening opportunity...
ASX Dividend Stocks Paying 7.5%: ELD & AMC
Under the Radar Report highlights two high‑yield ASX stocks—Elders (ELD) at 6.5% and Amcor (AMC) at 7.5%—as top dividend picks after the latest Federal Budget reinforced dividend and superannuation tax advantages. Elders benefits from a dominant agricultural services franchise, a...
10 High Yield Stocks For Lasting Retirement Income
The article spotlights ten high‑yield dividend stocks positioned to deliver lasting retirement income, emphasizing that dividend growers have outperformed the broader market with a 9.6% annualized return over 38 years. Research shows dividends contributed about 50% of total market returns...
Global CAPE Ratios
A new scatter‑plot released on May 23, 2026 visualizes the relationship between the Cyclically Adjusted Price‑Earnings (CAPE) ratio and subsequent 10‑15‑year equity returns across major markets. The chart shows that higher CAPE levels generally precede lower long‑term returns, a pattern that holds...
The Curious Case of “Dead” Factors
Recent data overturns the prevailing narrative that value and size premiums are dead. From October 2020 through early 2026, the Fama‑French U.S. small‑value index delivered a 19.7% annual return versus 13.8% for the broad market, a 6‑percentage‑point premium that was mirrored in...
TMTB: TTWO WDAY Recaps
Take‑Two Interactive (TTWO) posted a strong fourth‑quarter, with net bookings of $1.58 billion—essentially flat year‑over‑year—and GAAP revenue of $1.68 billion, up 6%, both topping Street forecasts. Non‑GAAP EPS came in at $0.80, well above the $0.56‑$0.58 consensus, and adjusted EBITDA reached $240 million....
American Express (AXP): Our Calculation of Intrinsic Value
American Express (AXP) was valued using a discounted cash flow model that projects free cash flow growing to $18.9 billion by 2030. With an 8% discount rate and 3% terminal growth, the model yields an enterprise value of $331.6 billion and an...
Morgan Stanley Sets a Base Case TOPIX Target of 4,300, with Japan Preferred
Morgan Stanley maintains a bullish view on Japan, forecasting a slight dip into negative nominal GDP this year before a rebound above 4 percent by 2026. The bank attributes the near‑term drag to an energy‑price shock that lifted producer‑price inflation to...
New Article: Gold Miners With High Upside Potential (5/19/2026)
Don Durrett announced a new SeekingAlpha piece titled “Gold Miners With High Upside Potential,” now publicly accessible without a mandatory trial. The article spotlights a handful of large‑cap and junior gold producers that could outperform as prices rise and cost...
How I Think About Investing
The author argues that successful investing hinges on viewing stocks as ownership in businesses and applying simple, cash‑flow‑focused valuation methods such as EV/EBIT and EV/Owner’s Earnings. He warns against short‑term market noise, overtrading, and speculative growth premiums, advocating for patience,...
Seth Klarman’s Top Holdings, Trades & Investment Strategy
Baupost Group reported a $5.12 billion equity portfolio, with the top ten holdings representing roughly 74% of assets, underscoring a highly concentrated approach. The firm boosted its Amazon stake by 47% and added sizable positions in Aon, Visa and Teleflex, while...
Warren Buffett's 10 Most-Shared Investing Lessons
The article curates Warren Buffett’s ten most‑shared investing clips, using share counts as a filter for timeless advice. It highlights three key lessons: stocks don’t care about purchase price, investors must tolerate 50% drops, and mastering business valuation is essential....
Warren Buffett’s Berkshire Bets $2.6 Billion On Delta — After Decades Warning Against Airlines
Berkshire Hathaway disclosed a $2.6 billion purchase of 39.8 million Delta Air Lines shares, representing about a 6.1 % ownership stake. The investment marks Berkshire’s return to the airline sector after selling its previous airline holdings at a loss in 2020, and it...
Merck & Co. (MRK): Our Calculation of Intrinsic Value
Merck & Co.’s discounted cash‑flow model values the stock at $96‑98 per share, roughly 14% below its current $113 market price. The analysis assumes an 8% discount rate and 2% terminal growth, projecting free cash flow of $15‑18 billion from 2026...
50 Years of Stock Market Returns
The S&P 500 posted a 31% gain over the past 12 months, placing that return in the 88th percentile of rolling one‑year performances since 1975. The best 12‑month surge was 61% in the early 1980s, while the worst was a 43%...
Why UBS Is Bullish On Take-Two Ahead Of Grand Theft Auto VI Launch
UBS reaffirmed Take‑Two Interactive as its top U.S. gaming pick, maintaining a Buy rating and a $300 price target. The firm projects a record fiscal 2027 with $9 billion in bookings, driven by an estimated $2 billion in full‑game sales from the...
Value Vs. Growth Rotation Strategy
A value‑vs‑growth rotation strategy swaps exposure between the two styles based on relative performance, typically using ETFs such as IUSV (value) and IUSG (growth). Backtested from 2000, the rule‑based approach generated an 8.96% compound annual growth rate, outpacing pure value...
This Week’s Deep-Value Landscape: Acquirer’s Multiple Large-Cap Screen
The Acquirer’s Multiple® Large‑Cap screen this week spotlights a broad set of mature, cash‑generating companies that trade at deep discounts relative to their current earnings strength. Financials such as Synchrony Financial, energy majors like Equinor and BP, and cyclical firms...
SUSS Is a 77-Year-Old German Toolmaker that Just Quietly Hit an All-Time High
SUSS, a 77‑year‑old German specialist in advanced semiconductor packaging equipment, saw its market value climb to about €1.6 billion ($1.75 billion) after a strong Q1 earnings release. The company supplies tools for the critical advanced‑packaging step that stacks chiplets and high‑bandwidth memory,...
Filtering Ideas: Learning to Say No
Dean’s latest post in the "How I Run My Portfolio" series argues that mastering the art of saying no is essential for both managers and investors. He describes how, after becoming a manager of 30+ reports, he learned to prioritize...
Adecoagro Reports Q1 2026 Results as Fertilizer Segment Surges and Sugar Operations Hit Crushing Record
Adecoagro posted a strong first‑quarter driven by a 4.3‑times jump in Fertilizers Adjusted EBITDA to $52.5 million, helped by higher urea output and a 16.4% price lift. The Sugar, Ethanol and Energy segment set a crushing record of 2.2 million tons, boosting its...
9 Stocks Big Short’s Michael Burry Is Betting On
Michael Burry’s Scion Management, though no longer filing SEC reports, continues to attract attention as he builds a nine‑stock portfolio that includes Federal Home Loan Mortgage Corp (FMCC) and China’s JD.com. Burry remains bearish on the broader AI and semiconductor...
Tigress Financial Partners Reaffirms Buy Rating on QUALCOMM (QCOM) Amid AI Expansion
Tigress Financial Partners raised its price target for Qualcomm (NASDAQ:QCOM) to $280, up from $270, while maintaining a Buy rating. The firm highlighted Qualcomm’s transition from a wireless pioneer to a central player in intelligent connectivity and AI across devices,...