when we kind of looking ahead to the next year, I mean we kind of think about the drivers that provided us with a very strong support for stocks this year and it was okay corporate profits that was a good uh good support and normalization of monetary policy and particularly in US and I think we're still in in that world where corporate earnings are being strong we see positive earnings revisions overall and policy is normalizing so I think that at least like in foreseeable future before events start hitting ...

Sarah Naan Terano, a global head of capital markets, private wealth management, capital markets at Goldman Sachs private wealth management. Sarah, thanks for having us in. It's great to have you.>> Thanks so much for having me. Happy to be here. >> So, we talked to Ashook at the top of the hour about a pretty constructive house view on 26, which I'm assuming you share to some degree.Yeah, >> I do. Um, I think for all the reasons Ashoke said, we're quite constructive. I think, you know, if you look at what o ...

market with us now to break it all down. The author himself, Mike Wilson, Morgan Stanley CIO and chief US equity strategist. He had a 6,500 initial target on the S&P 500 this year, just a little bit below the median of 6,600.So, we have done a little bit better than that, but I think this this idea, Mike, that you're always some great bear is incorrect. You have a pretty bullish target on this year. We're going to surp than below it.What do you see then for 2026. >> Hey Brian, how are you. I think uh you kn ...

Let's get to the broader markets. Our next guest is bullish about the new year. Says worries about tech's high valuations are misplaced.Joining us here this morning at Post9 is Tally Leisure, chief market strategist at the Wealth Consulting Group. Nice to have you in T. Welcome.>> Thank you. Good to be here. At least to have you, Dad.>> You're uh you're pretty constructive on next year. >> Yes. And I'm glad we're sitting down for that conversation because we see the S&P 500 achieving 85 8500 >> 8500 driven ...

Information in Investor's Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or suitability, including with respect to information that appears in closed captioning. Historical investment performances are no indication or guarantee of future success or perfo ...

The Zacks Domestic Auto industry is set for renewed momentum as affordable EVs and proposed tax incentives encourage buyers despite economic uncertainty and rising tariffs. More budget-friendly EVs are expected to expand adoption, while tariffs may limit foreign rivals, supporting domestic manufacturers. The Trump administration’s proposed tax deduction of up to $10,000 on interest for U.S.-assembled vehicles could further boost demand, with 2025 sales projected to reach 16.1-16.2 million units.Domestic aut ...

Only a handful of major companies have yet to report their results for the last quarter, and AI leader Oracle (ORCL) is one of them. The Q3 earnings season has largely brought solid results. As of Dec. 5, 99% of S&P 500 companies have reported, according to FactSet data, and analysts estimate a 13.4% jump in earnings per share during the third quarter. If it holds, that figure would mark the fourth straight quarter of double-digit earnings growth and an acceleration from the 12% earnings growth rate repor ...

估值分析 - 奥驰亚集团（MO）的估值极具吸引力，其未来12个月市盈率（P/E）为10.46倍，显著低于烟草行业平均的13.89倍、必需消费品板块的16.02倍以及标普500指数的23.46倍 [1] - 与主要同业相比，奥驰亚的估值也处于折价状态，菲利普莫里斯国际（PM）、Turning Point Brands（TPB）和英美烟草（BTI）的市盈率分别为18.12倍、24.78倍和11.82倍 [1] 股价表现 - 在过去一个月中，奥驰亚股价上涨1.1%，表现优于上涨0.9%的Turning Point Brands和下跌3%的菲利普莫里斯国际，但落后于上涨3.4%的英美烟草 [6] - 同期，必需消费品板块和烟草行业指数分别下跌0.3%和1.2%，而标普500指数上涨0.8%，凸显了奥驰亚相对稳健的短期势头 [7] 财务基本面 - 2025年第三季度，公司调整后每股收益（EPS）同比增长3.6%至1.45美元，年初至今的每股收益增长5.9% [11] - 可燃烧烟草产品部门保持了高达64.4%的调整后营业公司收入（OCI）利润率，体现了有效的定价策略 [11] - 尽管行业销量下滑，但核心品牌万宝路在高端细分市场的份额提升至59.6%，巩固了公司的定价能力和品牌实力 [12] 产品组合与战略 - 在可燃烧产品领域，公司通过万宝路（高端）和Basic（平价）品牌实施平衡战略，在不同价格点竞争的同时保护整体盈利能力 [12] - 在口含烟草领域，核心品牌on!的销量在第三季度增长近1%，该部门的调整后OCI利润率提升了2.4个百分点，达到69.2% [13] - 公司近期推出了高端口味的on! PLUS产品，并加强了与韩国烟草公司KT&G的合作，旨在拓展国际现代口含烟市场和美国非尼古丁相邻业务，以支持长期增长 [13][14] - 公司持续进行现金回报，在56年内第60次提高股息，增强了其对收益型投资者的吸引力 [14] 面临的挑战 - 公司面临显著的销量压力，第三季度卷烟出货量下降8.2%，年初至今下降10.6% [15] - 销量下滑反映了宏观经济对消费者的压力，以及调味一次性电子烟产品快速增长带来的竞争，这些未受严格监管的产品分流了合法市场的份额 [15] 盈利预测 - 市场对奥驰亚的盈利预期呈现稳定但小幅波动态势，过去30天内，2025年每股收益预期微升1美分至5.44美元，2026年预期则微降1美分至5.56美元 [18] - 基于当前预期，公司2025年盈利预计增长6.3%，2026年预计增长2.3% [18]

Key Takeaways Phibro's rally stems from strong Animal Health traction, led by MFAs, nutritional products and vaccines.PAHC boosted its MFA lineup with Zoetis' assets and saw Q1 MFA revenues grow 81% on broad product strength.Phibro's global expansion drove sharp sales jumps in the EMEA and Asia Pacific amid rising vaccine demand.Phibro Animal Health (PAHC) shares have surged 59.6% so far this year, demonstrating impressive momentum. The performance outpaced the industry’s 2.8% fall and the S&P 500 Composite ...

核心观点 - 文章认为唐纳森公司因其优异的增长特征和评级 在当前是一个具有吸引力的成长股投资选择 [2][9] 成长股筛选方法 - 使用Zacks增长风格评分和Zacks排名可以更有效地发现具有真实增长前景的成长股 [2] - 研究表明 兼具A或B级增长评分和Zacks排名第1或第2的股票表现持续超越市场 [3] 唐纳森公司的增长动力 - **盈利增长**：公司历史每股收益增长率为13% 预计今年每股收益将增长9.8% 远超行业平均的5.6%增长预期 [3][4] - **资产利用效率**：公司的销售额与总资产比率为1.25 意味着每1美元资产能产生1.25美元销售额 显著高于0.74的行业平均水平 [5] - **销售增长**：公司预计今年销售额将增长3.4% 而行业平均增长预期为0% [6] 盈利预测修正趋势 - 公司当前财年的盈利预测正在被向上修正 过去一个月Zacks共识预期已上调0.8% [7] - 积极的盈利预测修正趋势是公司获得Zacks排名第2位的原因之一 [9] 综合评级与结论 - 基于多项因素 唐纳森公司获得了B级增长评分和Zacks第2排名 [9] - 增长评分与排名的结合使公司有望实现超越市场的表现 [9]