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Ryerson to Host Earnings Call on Wednesday, October 29th to Discuss Third Quarter 2025 Results
Prnewswire· 2025-10-01 20:31
Accessibility StatementSkip Navigation CHICAGO, Oct. 1, 2025 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today that it will host a conference call to discuss its third quarter 2025 financial results for the period ended September 30, 2025 on Wednesday, October 29 at 10 a.m. Eastern Time. The live online broadcast will be available on the Company's Investor Relations website, ir.ryerson.com. Ryerson will report earni ...
摩根士丹利:摩根士丹利:研究关键预测
摩根· 2025-06-17 06:17
Investment Rating - The report maintains an Overweight (OW) rating on US stocks, Treasuries, and US Investment Grade Corporate Credit, while recommending a focus on quality assets [4][5][6]. Core Insights - The report highlights a structural shock to the global trading order due to the broad imposition of tariffs by the US, which is expected to weigh on growth but not lead to a global recession [2]. - US real GDP growth is projected to decline from 2.5% in 2024 to 1.0% in both 2025 and 2026, with global growth expected to decrease from 3.5% to 2.5% in the same period [2][9]. - The report suggests that while global growth is slowing, risk assets may perform well as markets adjust to lower growth expectations [3]. Economic Outlook - The US economy is expected to experience a step-down in growth, with inflation projected to peak in Q3 2025 [2][8]. - The report anticipates a decline in global demand due to tariffs, impacting exports and investment in the euro area and China [8]. - Japan's nominal GDP reflation remains intact, but the global slowdown is expected to affect its exports and investment [8]. Sector Recommendations - In the US, the report favors quality cyclicals, large caps, and defensives with less leverage and cheaper valuations [6]. - Key sectors recommended for Europe include defense, banks, software, telecoms, and diversified financials, while in emerging markets, the focus is on financials and domestic businesses [6]. - The report advises against cyclical exporters in Japan due to anticipated JPY appreciation [6]. Earnings Forecasts - The report provides earnings forecasts for major indices, with the S&P 500 expected to reach a price target of 6,500 by June 2026, reflecting a 9% year-over-year increase [7]. - The MSCI Europe index is projected to have a modest growth of 2.2% year-over-year, while the MSCI Emerging Markets index is expected to grow by 10% [7]. Monetary Policy Expectations - The report expects the Federal Reserve to cut rates by 175 basis points in 2026, with Treasury yields projected to reach 4.00% by the end of 2025 [14][19]. - The European Central Bank and Bank of England are also expected to implement rate cuts, with the ECB delivering 75 basis points and the BoE 100 basis points by year-end [14][19]. Commodity Insights - Oil prices are subject to geopolitical uncertainties, with potential scenarios ranging from minimal disruption to significant price increases depending on developments in the Middle East [16]. - European gas prices are expected to rise due to a strong demand for LNG imports to meet storage targets [17]. - Gold is highlighted as a top pick due to strong central bank demand and safe-haven interest amid growth concerns [17].