Earnings Results - AZZ Inc. is set to release its second-quarter earnings results on October 8, with analysts expecting earnings of $1.57 per share, an increase from $1.37 per share in the same period last year [1] - The projected quarterly revenue is $426.55 million, compared to $409.01 million a year earlier [1] - The Board of Directors has authorized a cash dividend of 20 cents per share for the second quarter [1] Stock Performance - AZZ shares fell by 0.7%, closing at $108.37 on the previous Friday [2] - Recent analyst ratings and price targets for AZZ stock have been varied, with some analysts maintaining or raising their ratings while others have downgraded [7] Analyst Ratings - B. Riley Securities analyst maintained a Buy rating and raised the price target from $131 to $140 [7] - Evercore ISI Group analyst maintained an Outperform rating and increased the price target from $90 to $108 [7] - Sidoti & Co. downgraded the stock from Buy to Neutral with a price target of $101 [7] - Roth MKM initiated coverage with a Buy rating and a price target of $108 [7] - Jefferies analyst maintained a Buy rating and raised the price target from $105 to $110 [7]

Company Overview - PulteGroup, Inc. (PHM) is valued at $26.6 billion and is one of the largest homebuilders in the U.S., founded in 1950. The company is based in Atlanta, Georgia, and is involved in selling and constructing homes, developing residential land, and providing mortgage financing and title insurance services [1]. Earnings Expectations - Analysts expect PHM to report a profit of $2.86 per share on a diluted basis for the fiscal second quarter of 2025, which represents a 14.6% decrease from $3.35 per share in the same quarter last year [2]. - For the full fiscal year, EPS is projected to be $11.34, down 14.6% from $13.28 in fiscal 2024, but is expected to rebound by 2.9% year-over-year to $11.67 in fiscal 2026 [3]. Stock Performance - PHM stock has declined by 5.9% over the past 52 weeks, underperforming the S&P 500 Index, which gained 17.6%, and the Consumer Discretionary Select Sector SPDR Fund, which gained 21% during the same period [4]. Recent Earnings Report - Following the release of its Q2 earnings report on July 22, PulteGroup's stock surged by 11.5%. The report indicated a revenue of $4.4 billion, down 4.3% year-over-year but slightly above consensus forecasts. Earnings per share were $3.03, a 20.9% decline from the previous year, yet exceeded the estimate of $2.92 [5]. Analyst Ratings - The consensus opinion among analysts on PHM stock is reasonably bullish, with a "Moderate Buy" rating overall. Out of 16 analysts, nine recommend a "Strong Buy," one suggests a "Moderate Buy," and six give a "Hold." The average analyst price target for PHM is $138.23, indicating a potential upside of 2.5% from current levels [6].

Group 1 - FactSet Research Systems Inc. is set to release its fourth-quarter earnings on September 18, with expected earnings of $4.13 per share, an increase from $3.74 per share in the same period last year [1] - The projected quarterly revenue for FactSet is $593.44 million, up from $562.19 million a year earlier [1] - On September 16, BlueMatrix announced the acquisition of the RMS Partners business from FactSet, which led to a slight decline in FactSet's share price by 0.1% to $344.39 [2] Group 2 - Analyst ratings for FactSet show varied opinions, with Wells Fargo maintaining an Underweight rating and lowering the price target from $405 to $355 [5] - Raymond James upgraded FactSet from Underperform to Market Perform, while BMO Capital maintained a Market Perform rating and slightly increased the price target from $448 to $452 [5] - RBC Capital reiterated a Sector Perform rating with a price target of $503, and Morgan Stanley maintained an Underweight rating with a minor increase in the price target from $390 to $393 [5]

Core Insights - Chubb Limited is a leading global insurance company offering a diverse range of insurance products, including property and casualty, accident and health, reinsurance, and life insurance, competing with major players like AIG and Travelers [1] Group 1: Price Target and Market Performance - Tracy Benguigui from Wolfe Research set a bullish price target of $320 for Chubb, suggesting a potential upside of 16.65% from its then-current trading price of $274.33 [2] - Chubb's stock recently closed at $283.19, reflecting a 2.07% increase from the previous day, outperforming major indexes such as the S&P 500, the Dow, and the Nasdaq [3][6] - Over the past month, Chubb's stock has seen a modest rise of 0.88%, trailing behind the Finance sector's gain of 2.7% and the S&P 500's gain of 2.38% [3] Group 2: Earnings Expectations - Analysts expect Chubb's upcoming earnings report to show earnings of $5.39 per share, marking a year-over-year decline of 5.77% [4] - The Zacks Consensus Estimate for net sales stands at $15.87 billion, reflecting a 5.73% increase from the previous year [4] - For the full fiscal year, earnings are projected at $21.57 per share with revenue expectations of $59.41 billion [4] Group 3: Stock Price and Market Capitalization - Currently, Chubb's stock price is $274.33, experiencing a decrease of 1.36% or $3.78, with fluctuations between $273.56 and $277.92 in today's trading session [5] - Over the past year, Chubb has reached a high of $306.91 and a low of $252.16 [5] - The company boasts a market capitalization of approximately $109.37 billion, with a trading volume of 2,418,144 shares on the NYSE [5]

Group 1 - Hain Celestial Group, Inc. is set to release its fourth-quarter earnings results on September 15, with analysts expecting earnings of 3 cents per share, a decrease from 13 cents per share in the same period last year [1] - The projected quarterly revenue for Hain Celestial is $371.58 million, down from $418.8 million a year earlier [1] - The company reported worse-than-expected third-quarter results on May 7 and announced the departure of its CEO [2] Group 2 - Mizuho analyst John Baumgartner maintained a Neutral rating and reduced the price target from $3 to $2.5 [4] - Piper Sandler analyst Michael Lavery also maintained a Neutral rating, lowering the price target from $2 to $1.8 [4] - JP Morgan analyst Ken Goldman kept a Neutral rating and cut the price target from $6 to $5 [4]

Core Insights - Lakeland Industries, Inc. specializes in manufacturing and selling protective clothing for industrial and public safety markets, with significant sales in the U.S. and Europe [1] - The company reported earnings per share of $0.08, surpassing the estimated loss of $0.04, despite revenue of approximately $52.5 million being below the estimated $59.6 million [2][4] - A notable 36% increase in net sales was driven by a 113% rise in fire services product sales, which now account for 49% of total revenue [2][4] - U.S. net sales surged by 78% to $22.1 million, while European sales rose by 113% to $15.1 million [2] - The company's gross margin improved by 240 basis points to 35.9%, supported by lower operating expenses [3][4] - Lakeland reported a positive net income of $0.8 million and an adjusted EBITDA of $5.1 million, excluding foreign exchange impacts [3] - The company updated its fiscal year 2026 revenue and adjusted EBITDA guidance due to global tariff uncertainties [3] - The price-to-sales ratio is 0.77, indicating the stock is valued at less than one times its sales [3] - Lakeland maintains a low debt-to-equity ratio of 0.28 and a strong current ratio of 3.88, reflecting good short-term financial health [3]

Market Performance - The S&P 500 has achieved five consecutive record closes, resulting in a total rally of 28% since its low on April 8, marking the second-fastest recovery from a 19%+ drawdown in the last 75 years [1] - The index's recovery has formed a textbook V-shape in the 2025 chart [1] Earnings Expectations - A synchronized V-shaped recovery in earnings expectations is observed, with a significant increase in the ratio of companies raising forecasts compared to those lowering them, aligning with the rise in the S&P 500 [2] - The Q2 earnings season shows a positive trend, with a higher-than-average proportion of companies beating consensus estimates, supported by a stabilizing macroeconomic backdrop [3] Earnings Growth - For the 117 S&P 500 companies that reported Q2 results, total earnings increased by 8.3% year-over-year, with revenues up by 5.3%, and 87.2% of these companies beat EPS estimates while 80.3% exceeded revenue estimates [4] - The percentage of companies beating EPS and revenue estimates is above historical averages, with Q2 EPS beats at 87.2% compared to a 20-quarter average of 81.9% and revenue beats at 80.3% versus 70% [5] Long-Term Outlook - Since July, Q3 earnings estimates have risen for half of the 16 Zacks sectors, including Finance, Tech, Consumer Discretionary, Autos, and Energy, with expectations for earnings growth in the latter half of 2025 and into 2026 increasing [6] - Analysts project a 13.9% growth in earnings for 2026, a slight increase from the previous forecast of 13.8% [6] Valuation Concerns - The S&P 500 is currently trading at 22.4 times next year's earnings, above its five-year average of 19.9X and ten-year average of 18.4X, yet corporate profitability remains strong, mitigating concerns over high valuations [8] Investment Options - Investors may consider tracking S&P 500-based ETFs such as Vanguard S&P 500 ETF (VOO), iShares Core S&P 500 ETF (IVV), and SPDR S&P 500 ETF Trust (SPY) [9] - For growth exposure, SPDR Portfolio S&P 500 Growth ETF (SPYG) is recommended, while SPDR Portfolio S&P 500 Value ETF (SPYV) caters to value investors [10]

Let's talk markets now. Kate Moore is chief investment officer at City Wealth. Kate, welcome to the show.Good to see you. Yeah, good morning. Uh, where do you stand on the rally here.Uh, sitting pretty much at record highs for the NASDAQ and the S&P 500. Yeah, so I've been saying I've been pretty uncomfortable with the rally in part because a lot of it has not been driven by fundamentals. We know against the backdrop of this rally, there's been a a decline in terms of earnings expectations.as we continue to ...

Core Insights - The S&P 500 index is expected to see Q2 earnings increase by +4.9% year-over-year, driven by a +3.9% rise in revenues [3][4] - Earnings estimates for Q2 have faced significant downward revisions, particularly in the Tech and Finance sectors, which together account for 51% of total S&P 500 earnings [4][6] - Despite the overall pressure on estimates, three sectors are projected to achieve double-digit earnings growth: Aerospace (+15.1%), Tech (+11.8%), and Consumer Discretionary (+105.6%) [4][5] Sector Performance - 13 out of 16 Zacks sectors have seen earnings estimates decline since the start of Q2, with notable drops in Transportation, Autos, Energy, Construction, and Basic Materials [5] - The only sectors with upward revisions are Aerospace, Utilities, and Consumer Discretionary [5] - The Tech sector's earnings are expected to grow by +11.8% in Q2, although this is a reduction from earlier estimates [6][11] Future Outlook - The Q2 earnings season is anticipated to gain momentum with major financial institutions like JPMorgan, Bank of America, and Wells Fargo reporting [4] - While current estimates for 2025 Q2 have been under pressure, there have not been significant changes to estimates for the following two years [16] - The macroeconomic environment remains uncertain, particularly regarding tariff impacts, which could continue to influence earnings estimates [16]

Core Viewpoint - Best Buy Co Inc reported disappointing first-quarter 2026 earnings, with sales and adjusted earnings falling short of analyst expectations [1][2]. Financial Performance - First-quarter sales decreased by approximately 1% year-over-year to $8.77 billion, missing the analyst consensus estimate of $9.22 billion [1]. - Adjusted earnings were reported at $1.15, below the consensus of $1.31 [2]. - The gross profit margin remained stable at 23%, while the operating margin declined from 3.5% to 2.5% [2]. Guidance and Outlook - The company updated its full-year guidance, expecting annual comparable sales growth to range from a decline of 1% to an increase of 1%, with an adjusted operating income rate similar to last year at approximately 4.2% [2][4]. - For Q2 FY26, comparable sales are expected to be slightly down compared to last year, with an adjusted operating income rate projected at approximately 3.6% [3]. - Fiscal 2026 adjusted earnings guidance was lowered from a range of $6.20-$6.60 per share to $6.15-$6.30 per share, compared to the consensus of $6.13 per share [3]. - Sales guidance was also reduced from $41.4 billion to $42.2 billion down to a new range of $41.1 billion to $41.9 billion, with the consensus around $41.44 billion [3]. Revenue Breakdown - Domestic revenue of $8.13 billion decreased by 0.9%, primarily due to a 0.7% decline in comparable sales [4]. - The decline in comparable sales was driven by decreases in home theater, appliances, and drones, partially offset by growth in computing, mobile phone, and tablet categories [4]. - Domestic online revenue increased by 2.1% on a comparable basis to $2.58 billion, representing 31.7% of total domestic revenue compared to 30.8% last year [4].