Core Viewpoint - S&P Dow Jones Indices will implement changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective September 22, 2025, to enhance market capitalization representation [1][2]. Changes Summary - **S&P 100 Changes**: - Addition of Uber Technologies (Ticker: UBER) in the Industrials sector - Deletion of Charter Communications (Ticker: CHTR) from the index [2][3]. - **S&P 500 Changes**: - Additions: - AppLovin (Ticker: APP) in the Information Technology sector - Robinhood Markets (Ticker: HOOD) in the Financials sector - Emcor Group (Ticker: EME) in the Industrials sector - Deletions: - MarketAxess Holdings (Ticker: MKTX) in the Financials sector - Caesars Entertainment (Ticker: CZR) in the Consumer Discretionary sector - Enphase Energy (Ticker: ENPH) in the Information Technology sector [2][3]. - **S&P MidCap 400 Changes**: - Additions: - Nutanix (Ticker: NTNX) in the Information Technology sector - TransUnion (Ticker: TRU) in the Industrials sector - MP Materials (Ticker: MP) in the Materials sector - Kratos Defense & Security Solutions (Ticker: KTOS) in the Industrials sector - Deletions: - Emcor Group (Ticker: EME) in the Industrials sector - The Wendy's Company (Ticker: WEN) in the Consumer Discretionary sector - Acadia Healthcare Company (Ticker: ACHC) in the Health Care sector - ManpowerGroup (Ticker: MAN) in the Industrials sector [3][4]. - **S&P SmallCap 600 Changes**: - Additions: - MarketAxess Holdings (Ticker: MKTX) in the Financials sector - Caesars Entertainment (Ticker: CZR) in the Consumer Discretionary sector - Enphase Energy (Ticker: ENPH) in the Information Technology sector - The Wendy's Company (Ticker: WEN) in the Consumer Discretionary sector - Acadia Healthcare Company (Ticker: ACHC) in the Health Care sector - Noble Corporation (Ticker: NE) in the Energy sector - Q2 Holdings (Ticker: QTWO) in the Information Technology sector - Waystar Holding (Ticker: WAY) in the Health Care sector - Hecla Mining (Ticker: HL) in the Materials sector - Deletions: - MP Materials (Ticker: MP) in the Materials sector - Kratos Defense & Security Solutions (Ticker: KTOS) in the Industrials sector - ProPetro Holding (Ticker: PUMP) in the Energy sector - Xerox Holdings (Ticker: XRX) in the Information Technology sector - TechTarget (Ticker: TTGT) in the Communication Services sector - Mesa Laboratories (Ticker: MLAB) in the Health Care sector - Owens & Minor (Ticker: OMI) in the Health Care sector - B&G Foods (Ticker: BGS) in the Consumer Staples sector - Jack in the Box (Ticker: JACK) in the Consumer Discretionary sector - Simulations Plus (Ticker: SLP) in the Health Care sector [3][4].

Key Takeaways Halozyme earnings are projected to rise 46.1% in 2025, with ratings up 9.1% in four weeks.Leidos expects 2025 earnings growth of 9.2% and has seen a 5.6% broker rating upgrade.TransUnion projects 2025 earnings growth of 4.1% and ratings raised 5% in four weeks.Stock markets have been hitting fresh records lately as investors gain confidence that the Federal Reserve will resume rate cuts this month. The softening labor market and rising inflation due to tariffs indicate a deteriorating macro en ...

Group 1 - TransUnion's President and CEO, Chris Cartwright, will present at the Barclays Global Financial Services Conference on September 9, 2025, at 9:30 a.m. CT [1] - A live webcast of the presentation will be available on the TransUnion Investor Relations website, with a replay accessible after the event [1] Group 2 - TransUnion operates globally with over 13,000 associates in more than 30 countries, focusing on providing reliable representation of individuals in the marketplace [2] - The company has expanded its services beyond core credit into marketing, fraud, risk, and advanced analytics through acquisitions and technology investments [2] - TransUnion promotes the concept of "Information for Good®," which aims to create economic opportunities and empower consumers and businesses [2]

Core Points - TransUnion experienced a data breach that compromised the personal and confidential information of approximately 4,461,511 individuals [2][4] - The breach was identified on July 30, 2025, when suspicious activity was detected on a third-party application [2] - Murphy Law Firm is investigating claims and evaluating legal options, including a potential class action lawsuit for affected individuals [1][3][4] Data Breach Details - Cybercriminals accessed sensitive personal information through an inadequately secured application [2] - The exposed information includes names, Social Security numbers, and dates of birth [5] - There is a risk that the compromised information may be sold on the dark web or used for identity theft [4] Legal Actions - Murphy Law Firm is actively seeking individuals affected by the breach to join a class action lawsuit [1][3] - The firm specializes in data breach class actions and has a history of securing favorable recoveries for clients [4]

Core Points - TransUnion LLC experienced a data breach in July 2025, potentially compromising personal information of customers, including names and Social Security numbers [1][2] - Wolf Haldenstein Adler Freeman & Herz LLP is investigating claims on behalf of affected individuals and is notifying them about the breach [1][2] Company Overview - TransUnion is headquartered in Chicago, Illinois, and is a major player in consumer credit reporting [1] - Wolf Haldenstein Adler Freeman & Herz LLP is a national consumer rights law firm with experience in consumer rights litigation across various courts [4]

Core Points - TransUnion has reported a data breach affecting over 4.4 million customers' personal information [1][2] - The breach occurred on July 28 and was attributed to unauthorized access of a third-party application [1] - TransUnion claims that no credit information was accessed, but has not provided evidence to support this assertion [2] - The specific types of personal data stolen have not been disclosed [2] - TransUnion is one of the largest credit reporting agencies in the U.S., storing financial data for over 260 million Americans [3] - The breach follows a series of hacks targeting major U.S. corporations across various industries [3] - Other companies, including Google and Allianz Life, have also reported data breaches related to their Salesforce-hosted cloud databases [4] - The identity of the hackers behind the TransUnion breach remains unclear, and it is unknown if any demands were made [4]

Core Insights - Serious consumer-level mortgage delinquency rates have increased from 0.89% in Q2 2023 to 1.27% in Q2 2025, indicating a rising trend despite historically low levels [1] - The analysis by TransUnion highlights a direct correlation between payment-to-income (PTI) ratios and mortgage delinquency, suggesting that higher PTI ratios can signal increased risk of delinquency [1][3] Group 1: Mortgage Delinquency Trends - Mortgage delinquency rates have risen gradually, with 60+ days past due (DPD) rates increasing from 0.89% in Q2 2023 to 1.14% in Q2 2024 and further to 1.27% in Q2 2025 [1] - The study focused on nearly 57 million mortgage consumers who were current on their loans, providing a relevant sample for assessing emerging risk factors [2] Group 2: Payment-to-Income Ratios - A strong link was found between changes in PTI for non-mortgage products, such as credit cards, and subsequent increases in mortgage delinquency rates in the following year [3] - As PTI ratios for credit cards increased from 2.18 in March 2023 to 2.33 in December 2023, the 60+ DPD mortgage delinquency rates also rose from 0.42% to 0.63% in the same period [4] Group 3: Implications for Lenders - Mortgage lenders are encouraged to implement a proactive schedule for collecting consumers' cross-wallet credit data to gain early insights into emerging risks of mortgage delinquency [5] - Utilizing trended credit data can help lenders identify shifts in key attributes such as aggregate excess payment and debt-to-income ratios, allowing for timely interventions [6][7]

Core Insights - Markets began 2025 positively but have experienced significant volatility due to tariff pressures and geopolitical uncertainties, with rising expectations for a September FOMC rate cut amid a softening labor market and inflationary trade policy effects [1] Stock Selection Strategy - The current investment environment necessitates a conventional stock selection method, focusing on companies with steady sales growth. Notable companies include Microsoft Corporation (MSFT), Textron Inc. (TXT), Bank OZK (OZK), and TransUnion (TRU) [2][9] Revenue and Financial Health - Investors prioritize revenue over earnings when evaluating companies, as increasing sales indicate a growing customer base and long-term potential. Conversely, stagnant or declining revenues may suggest operational challenges [3] - Revenue growth should be analyzed alongside a company's cash position, as strong cash reserves and healthy cash flow provide flexibility for growth and operational stability [4] Screening Parameters for Stock Selection - Stocks are shortlisted based on criteria including 5-Year Historical Sales Growth (%) greater than the industry average and Cash Flow exceeding $500 million [5] - Additional metrics include a Price/Sales (P/S) Ratio lower than the industry average, positive % Change in F1 Sales Estimate Revisions compared to the industry, Operating Margin greater than 5%, Return on Equity (ROE) above 5%, and a Zacks Rank of 1 or 2 [6][7][8] Company-Specific Insights - Microsoft (MSFT) is projected to have a 13.8% sales growth in 2025 and currently holds a Zacks Rank of 2 [9][10] - Textron (TXT) anticipates a 7.7% sales growth in 2025, also with a Zacks Rank of 2 [11] - Bank OZK (OZK) expects a 4.2% increase in sales for 2025, maintaining a Zacks Rank of 2 [11] - TransUnion (TRU) forecasts a 6.9% sales growth in 2025 and holds a Zacks Rank of 2 [12]

Core Insights - American consumers are showing steady and disciplined credit behavior, with signs of stabilization and measured growth across key lending categories despite a complex economic landscape [1][3] - The Q2 2025 Credit Industry Insights Report from TransUnion indicates a rebound in credit card and unsecured personal loan originations, with controlled balance growth and declining delinquencies [1][2] Credit Card Market - Bankcard originations increased by 4.5% YoY in Q1 2025, with outstanding balances also rising by 4.5% YoY in Q2 2025, which is lower than the growth rates observed in the previous three years [2][16] - The consumer-level 90+ days past due (DPD) delinquency rate decreased by 9 basis points YoY to 2.17%, indicating improved credit health [2][16] - Total charge-off balances remained steady at just under $17 billion, with the number of accounts charged off declining by 9% YoY to 4.7 million [6][8] Unsecured Personal Loans - Unsecured personal loan originations rose sharply by 18% YoY in Q1 2025, totaling 5.4 million accounts, with stable delinquency rates [7][17] - Total unsecured loan balances reached $257 billion in Q2 2025, marking a 4% YoY increase, driven primarily by super prime and prime plus segments [17][20] - The 60+ DPD delinquency rate slightly declined to 3.37%, reflecting improved management of credit by consumers [18][20] Mortgage Market - Mortgage originations increased by 5.1% YoY in Q1 2025, primarily due to a rebound in refinance activity, with rate-and-term refinances up 44% YoY [25][27] - The consumer-level 60+ DPD delinquency rate rose to 1.27%, with FHA loans accounting for 35% of these delinquencies [25][27] - Total balances of all mortgage loans reached $12.6 trillion, up from $12.3 trillion in Q2 2024 [27] Auto Loan Market - Auto loan originations grew by 5.9% YoY to 6.4 million in Q1 2025, supported by rising new vehicle inventory levels [33][31] - The percentage of consumers 60+ DPD rose to 1.31%, exceeding 2009 levels, although the pace of growth has begun to decelerate [33][34] - Average monthly payments for new auto loans increased to $758, while used auto loans averaged $531 [31][33]

Core Insights - Total Canadian consumer credit balances reached $2.52 trillion in Q2 2025, marking a 4.4% year-over-year increase, but only a 3% real increase when adjusted for inflation [2][3] - Average consumer total balance increased by 7% from Q1 2022 to Q2 2025, while non-mortgage debt declined by 10%, indicating rising mortgage costs are consuming more household budgets [3][4] - Regional disparities exist in non-mortgage debt levels, with P.E.I. and B.C. reporting the highest average debt levels, while Quebec and Manitoba have the lowest [4][5] Consumer Debt Trends - The average new mortgage loan amount rose 6.9% year-over-year to $368,432, highlighting ongoing affordability challenges for homebuyers [10][11] - More than two million Canadian mortgages are set to renew between 2025 and 2026, with many originally secured at ultra-low interest rates, leading to potential increases in monthly payments [13] - The overall consumer-level serious delinquency rate increased slightly to 1.77%, with Alberta having the highest rate at 2.29% [14][16][17] Economic Conditions and Market Dynamics - Mortgage originations surged 51% year-over-year in Q1 2025, reaching $82.6 billion, driven by lower interest rates and renewed buyer demand [8][9] - The Consumer Credit Industry Index declined by 1.4 points from the previous quarter to 98.8, reflecting softening consumer spending amid rising cost-of-living pressures [19] - Inflation has been a key driver of growth in consumer balances, with average non-mortgage balances rising 10% since 2022 [6]