FedEx (FDX)  will give updated insight into the state of the delivery services market this week, with the leader in express shipping set to report results for its fiscal first quarter on Thursday, September 18.Like UPS (UPS) , FedEx has experienced increased pressure on volume and costs as tariffs have weighed on shipping operations and demand.Cross-border shipping has seen pronounced weakness in particular, and Wall Street will be looking for insight from FedEx in regard to how delivery services are faring ...

The Microsoft logo is on their pavilion during the Mobile World Congress 2025 in Barcelona, Spain, on March 5, 2025. (Photo by Joan Cros/NurPhoto via Getty Images)NurPhoto via Getty ImagesMicrosoft's stock (NASDAQ: MSFT) has climbed over 30% in the past six months, driven by strong quarterly results marked by improving revenue growth and expanding margins. However, with the stock now trading at 37 times its trailing earnings, the key question for investors is whether MSFT is still worth buying.We believe MS ...

股价表现与市场担忧 - 波音公司股价在过去一个月下跌近5% 主要因认证延迟和现金流压力引发投资者担忧 [2] - 市场担忧其股价可能从当前约220美元水平大幅下跌至100-110美元区间 即较近期高点下跌约50% [3][4] 财务与估值状况 - 公司2024年报告收入670亿美元 但自由现金流为负140亿美元 [4] - 即使乐观预测 2025年自由现金流也只能达到50-60亿美元 [4] - 当前股价对应22-25倍远期自由现金流 对于面临生产问题的制造商而言估值偏高 [4] - 公司净债务超过450亿美元 对财务状况构成压力 [4] 运营与生产挑战 - 777X认证时间表再次落后 引发潜在收入延迟的警报 [2] - 美国联邦航空管理局尚未批准737 MAX增产 限制短期销售增长 [2] - 第二季度交付150架飞机 较去年同期的92架有所改善 [9] - 国防部门劳工罢工已达成初步协议 包含五年内工资上涨45% 进一步加剧利润率压力 [2] 风险因素分析 - 监管认证延迟：777-9和其他宽体项目仍需完成认证任务 在时间和资本方面成本高昂 [5] - 生产成本上升：安全质量返工历来是负担 缺陷或返工增加将加剧利润率压力 [5] - 劳动力与供应链风险：工会合同 工资通胀和供应链中断导致零件延迟或影响质量的问题仍然存在 [9] - 需求风险：宏观经济放缓 航空公司破产 燃油成本波动 监管限制或地缘政治风险可能阻碍订单势头或推迟交付 [9] 积极因素与业务基础 - 公司拥有强劲的积压订单 订单簿规模接近5200-6000亿美元以上 为未来潜在收入提供可见度 [9] - 收入超预期 亏损减少以及安全质量指标改善有助于重建投资者信心 [9] - 尽管第二季度自由现金流仍为负2亿美元 但亏损幅度已收窄 [9]

核心观点 - 当前市场对科技和零售行业领军企业的过度追捧可能带来估值风险 投资者需谨慎评估估值水平而非盲目追随市场情绪 [1][2][14] - Palantir Technologies和Kohl's作为各自行业表现突出公司 其估值指标显著高于行业平均水平 存在估值过高迹象 [4][6][7][10][12] Palantir Technologies估值分析 - 公司股价年内涨幅超过100% 过去12个月涨幅达400% 位居标普500表现榜首 [4] - 远期市盈率达218倍 为标普500成分股中最高 科技行业ETF(XLK)远期市盈率仅约30倍 [6] - 市销率达74倍 约为科技行业ETF平均市销率的10倍 [7] Kohl's估值与表现 - 公司第二季度总营收 同店销售额和盈利均同比下降 管理层预计销售将继续下滑 [10] - 股价过去5个月上涨超过150% 但仍较一年前下跌近20% [11] - 当前股价16.5美元较分析师平均目标价14.28美元溢价14% 86%分析师给予持有或卖出评级 [12] 行业比较 - 科技行业ETF(XLK)远期市盈率约30倍 零售行业ETF(XRT)表现被Kohl's领先 [6][11] - 高估值公司存在短期回调风险 建议通过基金或ETF分散投资 [14]

核心观点 - 罗森伯格警告标普500指数因高估值和劳动力市场疲软面临负回报风险 [2][4][9] 估值水平 - 标普500指数希勒周期调整市盈率(CAPE)达37.5 处于历史第三高位 仅次于2021和2022年峰值 [3][4] - 当CAPE比率超过35时 所有历史案例均显示未来一年回报率为负值 [7][8] - 初始估值可解释约80%的后续10年市场表现 高估值预示未来十年回报相对疲弱 [5] 经济背景 - 过去四个月月度就业增长持续低于10万人 [9] - 截至今年3月 美国经济实际新增就业较此前预期减少91.1万个岗位 [9] - 劳动力市场放缓迹象加剧经济衰退风险 [4][9] 预测依据 - 历史数据显示 在市场达到类似高估值水平时 未来1/3/5/10年期回报均呈负值 [6][7] - 摩根士丹利和高盛策略师均认为高估值将导致未来十年市场回报相对疲弱 [5]

Netflix stock has seen a massive surge, rising by over 70% over the past year. The gains follow two smart moves Netflix made post the pandemic, namely cracking down on password sharing and rolling out a cheaper, ad-supported tier. Both have worked, lifting subscriber numbers and giving revenue and subscriber adds a solid boost. When things are going this well, it’s easy for investors to believe the momentum will last forever. That’s exactly when risks tend to get ignored.Miami, UNITED STATES: A Netflix retu ...

PASADENA, CALIFORNIA - AUGUST 20: The Target logo is displayed at a Target store on August 20, 2025 in Pasadena, California. Target announced that CEO Brian Cornell is stepping down to be replaced by Target’s current COO Michael Fiddelke. (Photo by Mario Tama/Getty Images)Getty ImagesTarget (NYSE: TGT) has already decreased approximately 40% over the past year. This decline is painful, yet not entirely unexpected. Earnings growth has stagnated, competition is increasing, and the company is getting ready for ...

Key Takeaways HWM shares rose 43.7% in six months, outperforming peers and crossing its 50-day SMA.Commercial aerospace revenues grew 8% in Q2 2025, while defense sales jumped 21%.HWM paid $83M in dividends, repurchased $300M shares and holds $1.8B buyback capacity.Howmet Aerospace Inc. (HWM) crossed its 50-day simple moving average (SMA) on Sept. 10, reaching a key support level from a technical perspective. The stock is also trading above its 200-day moving average, indicating solid upward momentum and pr ...

Strategy (MSTR) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this business software company have returned -16.3%, compared to the Zacks S&P 500 composite's +2.4% change. During this period, the Zacks Financial - Miscellaneous Services industry, which Strategy falls in, has remained unchanged. The key question now is: What could be the stock's fu ...

公司上市表现 - 软件公司Figma于7月31日以每股33美元IPO价格上市 首日交易股价飙升至每股124美元 涨幅惊人[1] - 上市后股价大幅回落 目前徘徊在每股52美元左右 仍高于IPO价格但远低于初期高点[2] 财务表现 - 第二季度营收达2.496亿美元 同比增长41% 第三季度营收指引为2.63-2.65亿美元 同比增长33%[5] - 全年营收预计突破10亿美元 同比增长37%[5] - 按照GAAP准则实现盈利 第二季度营业利润为200万美元 自由现金流达6060万美元 同比显著改善[7] - 毛利率高达89% 销售营销支出9770万美元（占营收39%）研发支出8300万美元[7] 客户与产品 - 年消费超1万美元客户群体净美元留存率达129% 该级别客户数量近1.2万家[6] - 第二季度推出四款新产品 包括AI原型设计工具Figma Make 插图工具Figma Draw 网站发布工具Figma Sites和营销资产工具Figma Buzz[8] - 超过80%客户使用至少两款产品 约66%客户使用至少三款产品[8] 估值水平 - 当前估值约250亿美元 基于全年营收预期的市销率达25倍 基于分析师调整后每股收益预期的市盈率约170倍[9] - 估值水平显著高于基本面 需要持续高速增长和市场乐观情绪维持[10]