Group 1 - Goldman Sachs has raised its forecast for LME copper prices in the second half of 2025 to an average of $9,890 per ton, up from the previous estimate of $9,140 per ton [1] - It is expected that copper prices will decline to $9,700 by December of this year [1] - The peak price for copper is anticipated to reach $10,050 per ton in 2025 [1] Group 2 - The average copper price for the entire year of 2026 is projected to be $10,000 per ton, revised down from the previous forecast of $10,170 per ton [1] - By December 2026, copper prices are expected to reach $10,350 per ton [1]

高盛：已将2025年下半年伦敦金属交易所（LME）铜价预测上调至平均9890美元，高于此前的9140美 元。由于关税导致美国以外地区的铜库存减少，且中国市场需求强劲，2025年铜价将达到每吨10,050美 元的峰值。 ...

Group 1 - Goldman Sachs has raised its forecast for LME copper prices in the second half of 2025 to an average of $9,890, up from the previous estimate of $9,140 [1]

Ermenegildo Zegna N.V. (ZGN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing ea ...

Group 1 - BILL Holdings (BILL) closed at $45.28, with a 0.2% gain over the past four weeks, and a mean price target of $66.75 indicating a 47.4% upside potential [1] - The mean estimate consists of 24 short-term price targets with a standard deviation of $20.19, where the lowest estimate is $40.00 (11.7% decline) and the highest is $120.00 (165% increase) [2] - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price movements [11][12] Group 2 - The Zacks Consensus Estimate for the current year has increased by 0.5% due to one upward revision and no negative revisions in the last 30 days [12] - BILL currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] - While the consensus price target may not be a reliable indicator of the extent of potential gains, it does suggest a positive direction for price movement [14]

分组1 - Vigil Neuroscience, Inc. (VIGL) closed at $7.93, with a 0.6% gain over the past four weeks, and a mean price target of $10 indicates a 26.1% upside potential [1] - The average price targets from analysts range from a low of $8.00 to a high of $22.00, with a standard deviation of $5.29, suggesting variability in estimates [2] - Analysts show strong agreement on VIGL's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][11] 分组2 - Recent revisions in earnings estimates for VIGL have been positive, with one estimate moving higher and the Zacks Consensus Estimate increasing by 2.6% [12] - VIGL holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While the consensus price target may not be a reliable indicator of the stock's potential gain, it does provide a directional guide for price movement [14]

Core Viewpoint - The article discusses the reliability of Wall Street analysts' recommendations, particularly focusing on Halliburton (HAL), and emphasizes the importance of using these recommendations in conjunction with other analytical tools for making investment decisions [1][5]. Group 1: Halliburton's Brokerage Recommendations - Halliburton has an average brokerage recommendation (ABR) of 1.74, indicating a position between Strong Buy and Buy, based on recommendations from 27 brokerage firms [2]. - Out of the 27 recommendations, 16 are classified as Strong Buy, accounting for 59.3%, while 2 are classified as Buy, making up 7.4% of the total recommendations [2]. Group 2: Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations may not be advisable, as studies indicate they often fail to guide investors effectively towards stocks with high potential for price appreciation [5]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" recommendation, which may mislead investors [6][10]. Group 3: Zacks Rank vs. ABR - The Zacks Rank is a proprietary stock rating tool that classifies stocks into five groups based on earnings estimate revisions, providing a more reliable indicator of near-term price performance compared to ABR [8][11]. - Unlike ABR, which is based solely on brokerage recommendations, the Zacks Rank is updated frequently to reflect changes in earnings estimates, making it a timely tool for predicting future price movements [12]. Group 4: Current Earnings Estimates for Halliburton - The Zacks Consensus Estimate for Halliburton's current year earnings has declined by 1.2% over the past month to $2.37, indicating growing pessimism among analysts regarding the company's earnings prospects [13]. - This decline in earnings estimates has resulted in a Zacks Rank of 4 (Sell) for Halliburton, suggesting caution despite the Buy-equivalent ABR [14].

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Oneok Inc. (OKE), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank for making informed investment decisions [1][5][10]. Brokerage Recommendations - Oneok has an average brokerage recommendation (ABR) of 1.65, indicating a consensus between Strong Buy and Buy, based on recommendations from 17 brokerage firms [2][4]. - Out of the 17 recommendations, 11 are Strong Buy and 1 is Buy, which account for 64.7% and 5.9% of all recommendations, respectively [2]. Limitations of Brokerage Recommendations - Studies indicate that brokerage recommendations have limited success in guiding investors towards stocks with the best price increase potential [5]. - Analysts often exhibit a positive bias due to the vested interests of brokerage firms, leading to a disproportionate number of favorable ratings compared to negative ones [6][10]. Zacks Rank as an Alternative - The Zacks Rank is presented as a more reliable indicator of a stock's near-term price performance, based on earnings estimate revisions rather than brokerage recommendations [8][11]. - The Zacks Rank is updated more frequently and reflects the latest earnings estimates, making it a timely tool for predicting future price movements [12]. Current Earnings Estimates for Oneok - The Zacks Consensus Estimate for Oneok's current year earnings remains unchanged at $5.23, suggesting stability in analysts' views regarding the company's earnings prospects [13]. - Due to the unchanged consensus estimate and other factors, Oneok holds a Zacks Rank of 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [14].

美联储主席鲍威尔：美联储预测的变化部分反映了贸易政策的影响。 ...

铁合金产业风险管理日报 2025/6/25 | | 价格区间预测（月度） | 当前波动率（20日滚动） | 当前波动率历史百分位（3年） | | --- | --- | --- | --- | | 硅铁 | 5300-6000 | 16.28% | 38.0% | | 硅锰 | 5300-6000 | 14.87% | 25.0% | 周甫翰（Z0020173）陈敏涛（F03118345 ） 投资咨询业务资格：证监许可【2011】1290号 铁合金价格区间预测 source： 南华研究,同花顺 铁合金套保 | 行为导 | 情景分析 | | 现货敞 | 策略推荐 | 买卖方 套保工具 | 套保比例（%） | 建议入场区间 | | --- | --- | --- | --- | --- | --- | --- | --- | | 向 | | | 口 | | 向 | | | | 库存管 | 产成品库存偏高，担心铁合金下 | | 多 | 为了防止存货跌价损失，可以根据企业的库存情况，做空铁合金 | SF2509、SM 卖出 | 15% | SF:6200-6250、SM:6 | | 理 | | 跌 | | 期货来锁定 ...