Thanks for joining us with the latest. Hopefully the president gives you a little bit of a break. It's Friday after all.Well let's bring in Peter Boockvar. Appreciate Megan joining us. He is the chief investment officer at Bleakley Financial Group.He's also a CNBC contributor. Peter, thanks for joining us. Megan brought up a number of good points.I guess the first one I'd love to ask you about is Austan Goolsbee. Goolsbee's, concerns about what's going on with tariffs and if an increase in tariffs will also ...

Let's talk about your price target. Uh pretty big departure from the rest of your peers and the consensus. You're at 200 doubling your price target on AMD.What led to a call that bold. Sure. I I think the main thing is that you know compared to where we were at the beginning of the year where we got a lot more conservative um in terms of the outlook of AMD's AI revenue. Uh we see some changes in the last couple months that definitely much more constructive and I think at the beginning of the year uh there w ...

Key Takeaways CL leverages competitive and value-based pricing to address diverse consumer needs and drive growth. Pricing actions and productivity efforts boosted Q1 margins and lifted adjusted EPS by 6% year over year. CL expects pricing gains with flat gross margin and low single-digit EPS growth for 2025.Colgate-Palmolive Company (CL) is effectively leveraging its pricing power to support growth and mitigate external cost pressures. The company has a multifaceted pricing approach, including competitiv ...

Core Insights - Philip Morris International Inc. (PM) demonstrates strong pricing power as a key driver of profitability, reporting 10.2% organic net revenue growth and 16% organic operating income growth in Q1 2025, with a gross margin expansion of 340 basis points [1][7] - The smoke-free segment, including products like IQOS and ZYN, achieved 670 basis points of organic gross margin expansion, exceeding 70%, which is over 5 percentage points higher than combustibles, indicating a favorable product mix and premium positioning [2][3] Revenue and Pricing Dynamics - Pricing contributed 6 points to net revenue growth, with an 8% increase in combustible pricing and around 3% in smoke-free products excluding devices [1][7] - The company's ability to implement effective pricing strategies across both combustible and smoke-free categories highlights strong brand equity and consumer loyalty [3] Competitive Landscape - Altria Group, Inc. (MO) also exercises pricing power, achieving a 10.8% net price realization in the smokeable segment, but faces challenges with growing price sensitivity among lower-income consumers [4] - Turning Point Brands, Inc. (TPB) focuses on brand strength and market positioning rather than aggressive pricing, showing volume resilience amid consumer trade-down trends [5] Market Performance and Valuation - Philip Morris shares have gained 18.4% in the past three months, slightly outperforming the industry growth of 18.2% [6] - The company trades at a forward price-to-earnings ratio of 22.43X, higher than the industry's average of 15.36X [9] Earnings Estimates - The Zacks Consensus Estimate for PM's earnings implies year-over-year growth of 13.7% for 2025 and 11.7% for 2026, with current estimates of $7.47 for 2025 and $8.34 for 2026 [11][12]

Exhibit 1: Which equities are positioned to deliver Q2 margin upside ? Chart below plots delta between forecasted Q2'25 sequential OM ramp and typical seasonality (bps) - a lower number represents an easier Q2 margin bar Source: Morgan Stanley Research, Visible Alpha As discussed (Driving Price), we think US Industrials are positioned to drive broad margin upside into Q2 w/ the group pushing tariff price to counter costs that have not yet materialized. To screen for equities w/ conservative Q2 margins, Exhi ...

June 24, 2025 08:25 AM GMT M Update Jiangsu Changshu Automotive Trim Group | Asia Pacific Risk Reward Update What's Changed Jiangsu Changshu Automotive Trim Group (603035.SS) From To Price Target Rmb15.60 Rmb14.70 Base Case Rmb15.60 Rmb14.70 Updated Components EPS Bull Base Bear Scenarios Risks to Price Target / Rating Risk Reward for Jiangsu Changshu Automotive Trim Group (603035.SS) has been updated Reason for change Our changes to Changshu Trim include: 1) We raise our revenue forecasts by 4.6% and 7.9% ...

Core Insights - Nomad Foods Limited (NOMD) is facing increasing input cost pressures, particularly in protein categories such as chicken and red meat, due to heightened demand and disruptions related to Asian flu in Europe [1][7] - The company's management indicated that pricing actions are being implemented but will likely lag behind cost inflation in the near term, leading to a revised lower adjusted EBITDA growth guidance for 2025 [2][3] Financial Performance - In Q1 2025, Nomad Foods reported a gross margin increase of 90 basis points year-over-year to 27.8%, but adjusted EBITDA declined by 1.8%, indicating early signs of margin pressure [2][7] - The updated guidance for adjusted EBITDA growth for 2025 has been revised downward to a range of 0% to 2%, from a previous range of 2% to 4% [2] Market Position and Strategy - Nomad Foods has a history of pricing to recover cost increases, but prolonged inflation in protein inputs may challenge consumer elasticity, particularly in value-seeking markets like the UK [3] - The company must balance cost recovery with demand retention while maintaining brand strength to offset margin pressure in the upcoming quarters [3] Peer Comparison - Conagra Brands (CAG) is also facing elevated protein and input costs, resulting in a 389-basis-point adjusted gross margin decline in Q3 fiscal 2025, and is focusing on portfolio restructuring [4] - Lamb Weston reported 9% global volume growth in Q3 fiscal 2025 and is executing over 30 strategic projects, despite a 5% decline in price/mix due to strategic pricing adjustments [5] Valuation Metrics - Nomad Foods shares have decreased approximately 5.5% in the past month, compared to a 1.7% decline in the industry [6] - The company trades at a forward price-to-earnings ratio of 7.89X, significantly lower than the industry average of 15.77X [9] Earnings Estimates - The Zacks Consensus Estimate for Nomad Foods' current financial-year sales and earnings per share implies year-over-year growth of 4.6% and 7.3%, respectively [11] - For Q2 2025, the consensus estimate for sales is $892.71 million, reflecting a year-over-year growth estimate of 5.54% [12]

Stocks rising after the May CPI report shows inflation rising at a slower pace here. My next guest says that midcaps are overlooked by Wall Street, making them fertile grounds for active stock pickers. Joining me now, we've got Amy Zang, who is the Alger executive vice president and portfolio manager.Good to have you here with us this morning. Where are you seeing opportunity in midcaps right now. Good morning, Brad.Thank you for having me on. Yes, a midcap, you know, I think it's really a hidden gem. Um, y ...

Group 1 - The article introduces Josh Lukimin as a new contributing analyst for Seeking Alpha, inviting others to share their investment ideas for publication and potential earnings [1] - The focus is on long-term growth in the tech sector, emphasizing innovation and emerging technologies as key areas for investment [2] - The approach combines a deep understanding of market dynamics with a forward-looking perspective, aiming to build wealth through strategic, long-term investments in high-potential tech stocks [2]

Core Viewpoint - Netflix aims to reach a market cap of $1 trillion by 2030, doubling its current valuation of $500 billion, driven by global expansion, pricing power, and new revenue streams from advertising and sports content [2][14]. Group 1: Global Expansion and Subscriber Growth - Netflix has surpassed 300 million total subscribers as of the end of 2024, making it the largest pure-play premium video streamer globally, with significant room for growth given the global population of 8 billion [4]. - The company has invested in producing content tailored for various international markets, including Europe, Latin America, South Korea, and India, capitalizing on the global video streaming market [3]. Group 2: Pricing Power and Revenue Growth - The premium subscription tier in the U.S. has increased from $11.99 in 2013 to $24.99 currently, contributing to a revenue growth of nearly 600% over the past decade [5]. - Operating income has risen to $11.3 billion in recent years, with positive free cash flow of $7.5 billion over the last 12 months, providing the company with the flexibility to pursue further global growth [6]. Group 3: Advertising and Sports Content - Netflix plans to grow its advertising tier revenue from an estimated $2 billion currently to around $9 billion by 2030, which is expected to drive new sign-ups [9][10]. - The company is investing in sports content, such as licensing World Wrestling Entertainment, to attract advertisers and enhance its advertising revenue potential [11][12]. Group 4: Financial Projections and Market Cap Goals - Netflix aims to double its revenue to $80 billion and triple its operating income to approximately $30 billion by 2030, with advertising revenue playing a significant role in this growth [14][15]. - Achieving a market cap of $1 trillion would imply a price-to-earnings ratio of 40 based on projected net income of $25 billion, which is above the average for stocks [17].