NOV Inc. is a leading provider of equipment and technology to the global energy sector, with a diversified portfolio spanning oilfield services, drilling systems, and production solutions. The company leverages its scale and engineering expertise to deliver integrated offerings, supporting both traditional oil and gas markets and emerging renewable segments. NOV's established presence, broad customer base, and commitment to innovation position it competitively within the energy equipment and services indust ...

All right, Mike. I mean, I I told you at the top, maybe I lied. I said bears are hard to come by.>> No, I think in general that's correct. And it was but it's also sort of in line with what I was trying to say where I think we are the market is taking credit for this reaceleration story in the first quarter. And I think we can identify those things.Everyone talking about, oh, $150 billion more in tax refunds. Okay, that's 6% of annual personal disposable income. That's what we're getting excited about.and i ...

All right, Mike. I mean, I I told you at the top, maybe I lied. I said bears are hard to come by.>> No, I think in general that's correct. And it was but it's also sort of in line with what I was trying to say where I think we are the market is taking credit for this reaceleration story in the first quarter. And I think we can identify those things.Everyone talking about, oh, $150 billion more in tax refunds. Okay, that's 6% of annual personal disposable income. That's what we're getting excited about.and i ...

Cyclical stocks have started to rally lately, and there are signs the gains could accelerate in the new year https://t.co/N6ukFvuLtA ...

Key Takeaways CROX targets more than $5B in revenues by 2026, backed by brand investment, product expansion and margin gainsG-III Apparel gains from a shift to higher-margin owned brands, led by growth in Donna Karan and menswear.Dover is seeing steady booking growth, improving business trends and solid demand across most segments.The performance of cyclical stocks is closely linked with the overall health of the economy. The prices of these stocks tend to rise quickly during economic expansion and plummet ...

Core Viewpoint - Goldman Sachs predicts that the biggest investment opportunities in 2026 will arise from cyclical sectors rather than the current focus on artificial intelligence and mega-cap tech stocks [1][11]. Sector Analysis - Analysts expect a significant acceleration in earnings per share (EPS) growth in cyclical sectors due to anticipated economic growth in 2026, particularly in Industrials, Materials, and Consumer Discretionary [2]. - EPS for real estate companies is projected to increase from 5% this year to 15% next year, while Consumer Discretionary is expected to rise from 3% to 7% [3]. - Industrial companies are forecasted to see EPS growth accelerate from 4% to 15% [4]. - In contrast, EPS growth for information technology companies is expected to moderate from 26% in 2025 to 24% in 2026 [5]. Market Trends - Recent market actions indicate a shift towards cyclical stocks, which have outperformed defensive stocks for 14 consecutive trading days, marking the longest streak in over 15 years [6]. - Despite this outperformance, market positioning suggests that investors are anticipating growth closer to 2%, which is below Goldman’s forecast of 2.5% [6]. - Goldman analysts emphasize that the market does not seem to fully price in the expected economic acceleration in 2026, which is crucial to their outlook [7]. Earnings Forecast - Goldman Sachs anticipates a 12% rise in S&P 500 earnings per share in 2026, driven by overall US economic growth [7]. - The S&P 500 has increased by 16% this year, with the "Magnificent Seven" mega-cap tech stocks comprising about one-third of the index's weight [9]. - Nvidia, a leading AI chip maker, has seen its shares rise by 30% this year, highlighting the current enthusiasm for AI [10].

Yeah. So, Keith Learner, Mike, I'll come back to you in a minute. I mean, the what we've teased here is that you've upgraded two sectors within this market, which to me plays right with the theme of where we started some 56 minutes ago.The idea that cyclical stocks are going to do well. The run it hot trade into 2026. You upgrade industrials and you upgrade materials.Tell me more. >> Yeah, sure. And I will say longer term, we're not giving up on tech, but I think there's a lack of a near-term catalyst.Uh we ...

Core Insights - Archrock, Inc. (AROC) reported strong third-quarter results, but political factors are overshadowing these positive outcomes [2] - The oil and gas industry is characterized as a boom-bust, cyclical sector, requiring patience and experience for successful investment [2] Company Analysis - Archrock is being analyzed for its balance sheet, competitive position, and development prospects within the oil and gas sector [1] - The focus is on identifying undervalued and under-followed oil companies, as well as out-of-favor midstream companies that present compelling investment opportunities [2] Market Sentiment - The market is currently cautious about the potential outcomes in the oil and gas sector, despite Archrock's good performance [2] - Investors in the oil and gas space are encouraged to engage in discussions and share insights through active chat rooms provided by investment groups [2]

Group 1: Transportation Stocks Overview - United Parcel Service, Berkshire Hathaway, and Joby Aviation are highlighted as key transportation stocks to monitor, with significant trading volumes recently [2] - Transportation stocks are sensitive to economic activity, fuel costs, trade flows, and regulatory changes, making them cyclical investments [2] Group 2: United Parcel Service (UPS) - United Parcel Service, Inc. specializes in package delivery and offers a range of services including transportation, logistics, and insurance [3] - The company operates through two main segments: U.S. Domestic Package and International Package, focusing on express delivery services [3] Group 3: Berkshire Hathaway (BRK.B) - Berkshire Hathaway Inc. operates in various sectors including insurance, freight rail transportation, and utilities [4] - The company provides a wide array of insurance products and operates railroad systems across North America, along with energy generation and distribution [4] Group 4: Joby Aviation (JOBY) - Joby Aviation, Inc. is focused on developing electric vertical takeoff and landing aircraft for air transportation services [5] - The company aims to create an aerial ridesharing service and a platform for consumers to book rides [5]

Market Overview - The S&P 500 is on track to end a 7-day winning streak after reaching a new all-time high [1] - Since April 8th, the market has experienced significant gains, driven by strong earnings that exceeded expectations, particularly in the context of AI advancements [2] Valuation Concerns - Current valuations appear stretched, raising questions about how much positive news is already priced in [3] - While not indicating a bubble, there is a caution regarding the sustainability of these valuations [3] Portfolio Strategy - It is suggested to rebalance portfolios by taking profits from high-performing sectors and reallocating to underperforming areas such as healthcare and small caps [4][5] - The focus should be on sectors where sentiment is less stretched, despite the potential for further gains in the current market [5] Earnings Outlook - Strong earnings growth is anticipated, particularly in the financial sector and among mega-cap tech companies, with growth rates above 20% expected [6] - The earnings story is expected to remain positive, which could support continued investment in cyclical stocks despite economic concerns [8] Economic Indicators - There is a high probability (92%) of a rate cut this month, with an 88% chance of another cut in December, indicating a shift in monetary policy [10] - Concerns about inflation persist, but small caps are expected to perform well in this environment [10] Year-End Expectations - The S&P 500 is not expected to experience a sell-off before year-end, with strong earnings supporting continued market strength [11] - The upcoming Q3 earnings season will be crucial in determining the market's trajectory, with potential for upside surprises [11][12]