Core Insights - Centene Corp confirmed its fiscal 2025 outlook of approximately $1.75 adjusted EPS, surpassing Wall Street's consensus of $1.69, despite previously pulling guidance due to actuarial data concerns [1] - The company reported a 22% year-over-year increase in second-quarter sales, reaching $48.74 billion, which exceeded the consensus estimate of $44.48 billion [1] - However, the revenue growth was impacted by significant increases in medical costs [1] Group 1 - CEO Sarah London acknowledged the challenges faced in the quarter but emphasized the company's commitment to restoring its earnings trajectory [2] - Medicaid results for July and August indicate an improved trajectory for the latter half of the year, with the company refiling in states covering 95% of its membership for 2026 [2] Group 2 - Analysts typically utilize earnings growth and fundamental research for valuation and forecasting, while traders may rely on technical analysis for predictive models regarding share price trajectory [3] - Investors can assess Centene's long-term prospects using moving averages and trend lines [4] Group 3 - The 200-day moving average for Centene is at $51.83, which is above the current stock price of $34.89, indicating potential bullish signals if the stock remains above this average [5] - Recent price action shows CNC stock is up 12.47% at $35.17 [6]

Deutsche Bank upping its target from 6550 to 7,000. That's back to its original forecast from the beginning of the year and that is now the second highest target on the street. Here with us with his call is Binky Chada, chief global strategist at Deutsch uh Deutsche Bank.Good to see you Binky. Good to see you Mike. So your the path of your target somewhat reflects the way the market has experienced this year, right.I mean it's a a major scare. We needed to re-evaluate a lot of things. tariffs, the economy, ...

Core Viewpoint - Texas Instruments (TI) is highlighted as one of the top picks in the semiconductor sector due to its strong margin and earnings growth potential, with an expected earnings growth of approximately 80% to 90% from current estimates [1] Company Performance - TI has demonstrated significant improvement in earnings growth estimates, which were previously projected at 100% two quarters ago, indicating strong operational performance [1] - The company is noted for having the second highest margin and earnings growth in the semiconductor universe, showcasing its competitive position within the industry [1] Management Insights - The presentation features key executives, including Rafael Lizardi, the CFO, and Mike Beckman, the newly appointed VP of Investor Relations, indicating a focus on investor engagement and communication [1]

Market Performance & Outlook - The market has experienced a significant rally of approximately 30% since the April lows [1][2] - The industry anticipates market consolidation in the coming month, influenced by seasonality and concerns regarding the Federal Reserve and the potential impact of AI on the labor force [5][6] - The industry expects to end the year higher, despite anticipating a period of consolidation [18] - The industry views that it's reasonable to expect the market to be up a couple of percentage points by the end of this year from current levels [19] Earnings & Growth - The industry expects high single-digit earnings growth for the full year 2025 and believes it's reasonable to expect similar numbers in 2026, even with a potential economic slowdown [7] - The industry's stock market return depends on multiple expansion, which is influenced by the Federal Reserve's actions [9] Interest Rates & Federal Reserve Policy - The industry anticipates a rate cut in September, with December being more likely than October [8] - The industry believes that the Federal Reserve is likely to pause and evaluate data, leading to macro volatility over the next 6 months [9] - The industry believes that expecting a rate cut at every meeting until mid-2026 may be unrealistic [9] Tariffs & Market Sentiment - The market is seeking certainty regarding tariffs, whether the original tariffs announced in April or a future version, to incorporate them into models [13] - The industry believes that the panic surrounding tariffs has subsided, and analysts are revising estimates upward, fading the worst-case scenarios [14]

Company Performance - The company has demonstrated consistent earnings growth over the past 12 years, with a compound annual growth rate of 9% in earnings over the last 5 years [3] - The return on invested capital for the company over the past 5 years has been 20%, indicating strong project execution and investment in high-return projects [4] Future Outlook - The company is positioned strongly for the future, with fundamentals supporting continued growth [5]

Core Insights - Harmony Gold Mining Company Limited (HMY) reported adjusted earnings of $1.29 per share for fiscal 2025, a 30% increase from the previous year's adjusted earnings of 99 cents [1][6] - Revenues for fiscal 2025 rose 24% year over year to $4,071 million, with average gold prices received increasing 31% to $2,620 per ounce [1][6] Production and Costs - Gold production for fiscal 2025 was 1,479,671 ounces, reflecting a 5% decrease year over year [2][6] - Cash operating costs per ounce increased by 19% year over year to $1,499, while all-in-sustaining costs rose 20% to $1,806 per ounce [2][6] Financial Overview - As of June 30, 2025, cash and cash equivalents increased by 186% year over year to $738 million [3][6] - Total adjusted free cash flow surged 58% year over year to $614 million in fiscal 2025 [3][6] - Long-term debt at the end of fiscal 2025 was $107 million, up approximately 9% year over year [3][6] Outlook - Harmony Gold anticipates producing between 1.4 million and 1.5 million ounces of gold in fiscal 2026 [4] - Capital expenditures for fiscal 2026 are projected to rise to $699 million due to investments in high-quality ounces and long-term growth initiatives [4] Stock Performance - Shares of Harmony Gold have increased by 38.7% over the past year, compared to a 59.3% growth in the industry [5][6]

Company Overview - Central Pacific Financial (CPF) is based in Honolulu and operates in the Finance sector, specifically through Central Pacific Bank [3] - The company's shares have experienced a price change of 8.43% this year [3] Dividend Information - CPF currently pays a dividend of $0.27 per share, resulting in a dividend yield of 3.43%, which is higher than the Banks - West industry's yield of 2.75% and the S&P 500's yield of 1.47% [3] - The annualized dividend of $1.08 represents a 3.8% increase from the previous year [4] - Over the past five years, CPF has increased its dividend three times, averaging an annual increase of 3.02% [4] - The current payout ratio for CPF is 42%, indicating that the company pays out 42% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for CPF's earnings in 2025 is $2.85 per share, reflecting a year-over-year earnings growth rate of 21.79% [5] Investment Considerations - CPF is considered a compelling investment opportunity due to its strong dividend performance and solid earnings growth prospects [6] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a stable investment outlook [6]

You know, Greg, I gota I kind of got caught in calling you bear and Greg at the same time right there because I've always kind of known you to be at least a little bearish, but you did correct me last time we talked. You said you haven't been bearish the last two times. You've been cautious.How are you viewing the markets right now, especially after Nvidia earnings going into PCE that could change the doubbish stance that we saw from JPAL and maybe the possibility of rate cuts. I don't think it matters, Fra ...

Market Trends & Investment Strategy - Goldman Sachs indicates that approximately 61% of New York City stocks are trading above their 200-day moving average, nearing a year-to-date high [1] - Aspire maintains a bullish outlook, favoring large-cap core and growth stocks due to consistent earnings growth [2] - The market has adapted to the significant weighting of large technology stocks within the S&P 500 [3][4] Earnings Growth & Sector Rotation - Technology sector is projected to achieve four consecutive quarters of double-digit earnings growth this year and the next [4] - Consensus expectations point towards a broadening of earnings growth into industrials, materials, and financials in 2026, with S&P global market intelligence data foreshadowing $300 earnings per share [6] - Excluding the second quarter, financials are also anticipated to potentially experience double-digit earnings growth next year [6] Economic Indicators & Consumer Sentiment - The July employment report showed unexpected weakness, potentially influenced by Independence Day tariff announcements, which caused the S&P to decline by 12% in four trading days [8][9] - The strength of the US labor market, characterized by strong labor demand and non-farm payroll growth, has been a key factor in the bullish outlook for over two years [10][11] - Consistent weakness in payrolls would necessitate a reassessment of current assumptions, given the labor market's role in driving consumer confidence and spending [10][11]

Market Trends & Drivers - Russell 2000 上涨超过 7% [1] - 市场上涨的主要驱动力是预期美联储降息和利率下调 [1] - 借贷成本正在下降，这对市场有利 [3] - 估值反映了小盘股的许多负面消息，任何利好消息都会带来更好的市场前景 [5] Small Cap Performance & Outlook - 投资者对小公司的信心正在增强 [2] - 行业预期到 2026 年小盘股的盈利增长将优于大盘股 [2] - 自解放日低点以来，高收益率下降了 150 个基点 (1.5%) [3] - 高收益利差已回落至 2007 年的水平 [3] - 小盘股中没有盈利的公司的比例为 30%，但权重约为 18%，且这一比例有所下降 [6] - 行业普遍认为，未来六个季度小盘股的盈利增长将开始改善，未盈利公司的拖累将减少 [7] Risk Assessment - 目前的风险偏好较高，高收益利差低于 300 个基点 (3%) [7][8]