officer at Wealth Management. Alan, good morning. Good to see you, Frank.>> Always a pleasure to be here with you. >> So we were just kind of showing what we like to call the wall of worry using some air quotes there. Is there one of those in particular that you see as the biggest worry specifically for the markets.>> I think the biggest worry right now is around uncertainty, which breeds volatility and complexity. And when you look across the landscape, whether it be the situation in Washington, which you ...

2019 Earnings Overview - The company reported 2019 earnings of $272.3 million, compared to $335.5 million in 2018[17] - 2019 EPS was $1.39, compared to $1.69 in 2018[17] - The Electric & Natural Gas Utility reported record earnings of $94.3 million in 2019, a 11.3% increase from $84.7 million in 2018[20, 21] - The Construction Services group reported record earnings of $93.0 million in 2019, a 44.6% increase from $64.3 million in 2018, with record revenue of $1.85 billion compared to $1.37 billion in 2018[27, 28] - The Construction Materials group reported earnings of $120.4 million in 2019, a 29.9% increase from $92.6 million in 2018, with record revenue of $2.19 billion compared to $1.93 billion in 2018[30, 31] - The Pipeline & Midstream group reported earnings of $29.6 million in 2019, a 3.9% increase from $28.5 million in 2018[23, 25] 2020 Guidance and Outlook - The company initiated 2020 EPS guidance of $1.65 - $1.85[48] - The Construction Services group expects 2020 revenue in the range of $1.85 billion to $2.05 billion[44] - The Construction Materials group expects 2020 revenue in the range of $2.2 billion to $2.4 billion[47] - The Electric & Natural Gas Utility expects to grow rate base by 5% compounded annually over the next five years and customer base to continue growing by 1-2% annually[37]

June 27, 2025 06:17 PM GMT US Credit Strategy: 1Q25 Fundamentals Modest Deterioration, but Interest Coverage a Bright Spot M O R G A N S T A N L E Y R E S E A R C H North America Morgan Stanley & Co. LLC Vishwas Patkar Strategist Vishwas.Patkar@morganstanley.com +1 212.761.8041 Joyce Jiang Strategist Joyce.Jiang@morganstanley.com +1 212.761.0165 Karen Chen Strategist Karen.Chen@morganstanley.com +1 212.761.1199 Christina Sigler Strategist Christina.Sigler@morganstanley.com +1 212.761.4116 Source: Bloomberg, ...

Let's begin with a market. Let's and what a strong quarter it's been on Wall Street. The Dow is up 4%.The S&P 500 soaring to 10%. The Nasdaq is higher by 17% tracking for its best quarterly gain in 5 years. So technology, communication services, industrials, discretionary are among the top performing sectors on the S&P 500 quarter to date.And joining us now with key things to watch in the second half is Richard Bernstein, advisor CEO. uh Richard Bernstein and City US equity strategist Scott Croner. I mean, ...

Market Trends - India's stock market is cooling due to concerns over slowing earnings growth and high valuations [1] - In April, India's stock market was a haven during global market turmoil [1]

Wall Street sees S&P 500 earnings growing at the slowest pace in two years. Can stocks keep powering higher in the face of that? https://t.co/e19qd8xT05 ...

Welcome back. Stocks moving higher today. An S&P record looks to be within reach.New's head of equities and fixed income Sarah Malik is out with her second half playbook and joins me now. Sarah, it's good to see you. Good to see you.So, you know, for as much as has happened in the first half of this year, it's been dramatic. Some of these violent market moves point to point the S&P 500 and the total bond market index are really close to where we started the year, within a few percent. So what should an inve ...

Group 1: Company Overview - Landstar System, Inc. (LSTR) is currently facing multiple headwinds, making it an unimpressive investment option [1] - The company is experiencing reduced demand for freight services and increased truck capacity, leading to low shipment volumes and rates [1][8] - The truck transportation segment, a key area for LSTR, is underperforming, contributing to weak revenue outlooks [1][8] Group 2: Economic and Industry Challenges - High inflation continues to negatively impact consumer sentiment and growth expectations, affecting trucking companies' profitability [2] - The trucking industry is battling a persistent driver shortage, complicating recruitment efforts as older drivers retire [3] - LSTR's stock has declined by 21.1% year-to-date, underperforming the transportation-truck industry's overall decline of 18% [3][8] Group 3: Earnings Estimates and Performance - The Zacks Consensus Estimate for LSTR's second-quarter 2025 earnings has been revised downward by 14.8% in the past 60 days, indicating a lack of confidence from brokers [7] - Earnings expectations for LSTR suggest a decline of 22.3% year-over-year for the second quarter of 2025 and an 11.3% decline for the full year [11] - LSTR has a weak earnings surprise history, lagging the Zacks Consensus Estimate in three of the last four quarters with an average miss of 3.34% [10] Group 4: Industry Ranking - The industry to which LSTR belongs has a Zacks Industry Rank of 244 out of 248 groups, placing it in the bottom 1% of Zacks industries [12] - The performance of the industry group significantly influences stock price movements, indicating that LSTR's prospects are tied to the overall industry performance [12]

Core Viewpoint - Investors are seeking growth stocks that can deliver above-average growth and exceptional returns, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - APi (APG) is currently highlighted as a recommended growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth being particularly attractive as it signals strong future prospects [4] - APi has a historical EPS growth rate of 14.4%, with projected EPS growth of 13.4% this year, surpassing the industry average of 12.5% [5] Group 3: Cash Flow Growth - Higher-than-average cash flow growth is essential for growth-oriented companies, enabling them to expand without relying on external funding [6] - APi's year-over-year cash flow growth stands at 120.9%, significantly higher than the industry average of 1.7% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 76.5%, compared to the industry average of 7.1% [7] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements, making them a valuable metric for investors [8] - The current-year earnings estimates for APi have been revised upward, with the Zacks Consensus Estimate increasing by 2% over the past month [9] Group 5: Overall Assessment - APi has achieved a Growth Score of B and a Zacks Rank of 2, indicating its potential as an outperformer and a solid choice for growth investors [11]

It's a tale of two markets. If you look at it from a year-to-date standpoint, you miss the whole movie. The year-to- date obviously has been lackluster, but that's not the story that should be told.It's where we are from the April bottom. The S&P is up 27% from the April bottom. The Nasdaq is up 36% since April.Last I checked, we're not even in July yet. That's the story. I think if you look at the movie short actually that like that that time period it actually should would make you a little bit more cauti ...