Core Insights - S&P Global is considered a stable investment due to its essential financial data, credit rating, and analytics services, serving a significant portion of Fortune 100 and Fortune 500 companies [1][2] - The company has experienced slower stock growth over the past year, with only a 1% increase [1] - Despite market challenges, S&P Global is expected to raise its full-year revenue and adjusted EPS guidance, particularly in light of recent Federal Reserve interest rate cuts [10][11] Company Overview - S&P Global holds a near-duopoly in the financial data and credit rating services market alongside Moody's, serving major financial institutions and corporations [4] - The company's services are crucial in both bull and bear markets, although its credit rating business is sensitive to macroeconomic factors like inflation and interest rates [6] Financial Performance - Revenue growth has fluctuated, with a notable 35% increase in 2022 followed by a 12% growth in 2023, and a projected 5% to 7% increase for the full year [7][8] - Adjusted EPS growth has also varied, with a decline of 4% in 2022, but expected to rise by 8% to 10% in 2023 [7][8] Market Position - At a current price of $495 per share, S&P Global's stock is valued at 29 times the midpoint of its adjusted EPS forecast, which is reasonable compared to Moody's higher valuation [9] - The planned spin-off of S&P Global Mobility is anticipated to streamline operations and enhance earnings by 2026 [11] Dividend Information - S&P Global has a forward dividend yield of 0.8% and has consistently raised its dividend for over 50 years, indicating resilience against market challenges [12] Future Outlook - The upcoming Q3 earnings report on October 30 is critical, as exceeding analysts' estimates could lead to a significant stock price increase [13]