Key Takeaways LAZ's Q2 EPS of $0.52 beat the estimate of $0.38 and rose from $0.49 a year earlier.Quarterly revenue rose 12.4% Y/Y to $769.8M, with advisory revenue up 20.4% and asset management up 1.2%.AUM reached $248.4B, up 1.5% Y/Y, aided by market gains, FX appreciation, and net inflows.Lazard Inc.’s (LAZ) second-quarter 2025 adjusted earnings per share of 52 cents beat the Zacks Consensus Estimate of 38 cents. This compared favorably with earnings of 49 cents per share in the year-ago quarter.Lazard’s ...

Group 1 - The core viewpoint indicates that the pig price is expected to maintain a central level above 15 yuan/kg in 2025 due to limited supply growth and cautious breeding practices [1][2] - The industry is experiencing a supply gap, with a notable increase in piglet losses due to a virus mutation, which is expected to drive up pig prices in Q3 2025 [1] - Recent government policies aim to regulate the pig industry, including measures to curb low-price competition and promote the orderly exit of outdated production capacity [1][2] Group 2 - The pig price is under significant downward pressure in H2 2025, but multiple government policies are expected to support price increases and alleviate CPI pressure [2] - The overall investment logic in the pig sector is improving due to supply contraction and macroeconomic catalysts, suggesting a positive outlook for investment [2] - The CSI Livestock Breeding Index reflects the performance of listed companies involved in livestock feed, veterinary drugs, and breeding, with the top ten weighted stocks accounting for 65.27% of the index [2]

Group 1 - The U.S. stock market continues to reach new highs despite multiple pressures, with the S&P 500's price-to-earnings (P/E) ratio at 22 times, significantly above the long-term average of 35% [1] - The market's ability to sustain this upward trend depends on whether corporate earnings can exceed expectations or if the Federal Reserve will lower interest rates [1][4] - The S&P 500 index is currently facing historical challenges, including a new U.S. government's efforts to adjust global order and implement large-scale tariff policies, alongside uncertainties from conflicts in the Middle East [1] Group 2 - The S&P 500's current P/E ratio of 22 times is 35% higher than its long-term average, raising concerns about overvaluation [1][3] - A Bloomberg model suggests that the fair P/E ratio for the S&P 500 should be around 17.7 times, indicating that earnings would need to grow by 30% in the next year for the P/E to return to reasonable levels [3] - Investment strategists express caution regarding the sustainability of current market levels, suggesting that earnings expectations for the second half of the year may be overly optimistic [3][5] Group 3 - The Federal Reserve has indicated that it is not in a hurry to adjust policies, although lower inflation and weak labor recruitment may lead to earlier rate cuts this year [4] - Wall Street strategists recommend viewing any potential market pullbacks as buying opportunities, particularly in technology and growth stocks [5]

Veteran industrial company Greif (GEF 15.63%) was a standout on the stock exchange Thursday. Investors, captivated by a very convincing earnings beat in the company's freshly reported second quarter of fiscal 2025, pushed the industrial packing specialist's share price up by nearly 16%. In doing so, Greif not only crushed the S&P 500 index's performance on the day (it landed in the red by 0.5%), but also that of many blue chip stocks.A steady operatorGreif published those quarterly results just after market ...