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Now that the S & P 500 and most major stock market indexes are at or near historic highs, expect a raft of earnings and year-end price target revisions for the S & P 500 to be coming. First up with an upward revision was Brian Belski at BMO Capital, who Wednesday raised his year-end S & P target to 5,600 from 5,100. The median price target (half above, half below) is 5,200. Earnings for the rest of the year have been remarkably stable, but the key point is that each quarter is higher and a record for S & P 500 profits: 2024 S & P 500 quarterly earnings estimates Q2: $59.46 (record) Q3: $63.49 (record) Q4: $65.08 (record) Source: LSEG Valuations (roughly 20 times forward S & P 500 earnings) are pricey but not unreasonable given the continuing strength of the economy and the prospects of AI-boosted returns. May: market advance broadens (advance/decline line) S & P 500: near new high S & P Mid Cap: new high S & P Small Cap: highest since Dec.
Persons: Sam Stovall, CFRA, Brian Belski, Belski, Subramanian, Venu Krishna, Goldman Sachs, David Kostin, Ned Davis, Ed Clissold, Oppenheimer, John Stoltzfus, Lori Calvasina, Manish, Nicolaus, Barry Banniester, Jonathan Golub, Chris Harvey, Dubravko, Bujas, Cantor Fitzgerald, Eric Johnson, Scott Chronert, Julian Emanuel, Fundstrat, Tom Lee, Morgan Stanley, Mike Wilson, Hugo Ste, Stovall Organizations: BMO Capital, Wall, of America, Barclays, BMO, RBC, Societe Generale, UBS, Bloomberg, Citigroup, Deutsche Bank, ISI, JPMorgan, Scotiabank, @VX Locations: Wells Fargo, Marie
The firm pointed to recent data from the International Energy Agency, which forecasted that electricity consumption from data centers, artificial intelligence and the cryptocurrency sector could double by 2026. "The latest IEA electricity forecasts paint an even more alarming outlook for data center consumption," analyst Hiral Patel wrote in a Monday note. Barclays said it is looking at three investment areas that are a key part of the trend: data center operators, data center suppliers and data center grid infrastructure builders. After successfully using lithium-ion batteries at a Dublin data center , Microsoft wants to expand grid-interactive battery storage in other areas. That includes nine data centers in Ireland, which is a data center hotspot in Europe that's also under increased risk given its soaring electricity consumption, Barclays said.
Persons: Hiral Patel, Morgan Stanley's, Europe that's, Stifel Nicolaus, Eaton Organizations: Barclays, International Energy Agency, CNBC, Microsoft, Electricity, Constellation, Digital Realty Trust, Digital, European Union, Blackstone, Digital Realty, Devices, AMD, Tech Locations: Japan, U.S, Dublin, Ireland, Europe, European, Frankfurt, Paris, Virginia
Pien, Poland Reuters —Archaeologists in Poland have uncovered the remains of a 17th-century child padlocked to his grave to stop him rising from the dead, a discovery that turns the spotlight on beliefs in vampires as Halloween approaches. A woman’s body was also found in the cemetery with a padlock on her leg and a sickle around the neck, suggesting she was believed to be a vampire. “These are people who, if it was done intentionally, were afraid of … contact with these people because they might bite, drink blood,” Polinski said. The child’s grave was desecrated at some point after burial and all bones removed apart from those in the legs. Archaeologists have found other methods used to stop the living dead, with Polinski describing strange practices found in some burials.
Persons: padlocked, , , Dariusz Polinski, Nicolaus, Nicolas, ” Polinski Organizations: Poland Reuters — Archaeologists, Nicolaus Copernicus University, Nicolas Copernicus University Institute of Archaeology Locations: Pien, Poland, Polish, Toruń
Daniel Leal/Pool via REUTERS/File Photo Acquire Licensing RightsLONDON, Sept 7 (Reuters) - Britain on Thursday said it would join the European Union's flagship Horizon science research programme and its Copernicus earth observation programme, but not the Euratom nuclear research initiative. HORIZON EUROPEHorizon Europe is the EU's key funding programme for scientific research and innovation with a budget of 95.5 billion euros ($102.3 billion). It has five main missions: Adapting to climate change, making climate neutral cities, combating cancer, and restoring oceans and soil. COPERNICUSCopernicus, previously known as GMES (Global Monitoring for Environment and Security), is the Earth observation component of the EU'S Space programme. EURATOMThe EU describes the Euratom Research and Training programme as a "complementary funding programme to Horizon Europe" covering nuclear research and innovation, using the same instruments and participation rules.
Persons: Rishi Sunak, Daniel Leal, COPERNICUS Copernicus, Nicolaus Copernicus, Euratom, Alistair Smout, John Stonestreet Organizations: Britain's, Kent Scientific Services, European Union's, Environment, Security, EU, Research, Thomson Locations: West Malling, Kent, Britain, European, Europe
Undying Dread: A 400-Year-Old Corpse, Locked to Its Grave
  + stars: | 2023-09-05 | by ( Franz Lidz | ) www.nytimes.com   time to read: +1 min
In one account, from 1674, a dead man rose from his tomb to assault his relatives; when his grave was opened, the corpse was unnaturally preserved and bore traces of fresh blood. In 1746, a Benedictine monk named Antoine Augustin Calmet published a popular treatise that sought, among other things, to distinguish real revenants from frauds. Four centuries later, archaeologists in Europe have discovered the first physical evidence of a suspected child revenant. “The padlock would have been locked to the big toe,” Dariusz Poliński, the lead archaeologist on the study, said through a translator. Sometime after burial, the grave was desecrated and all the bones removed except those of the lower legs.
Persons: , Antoine Augustin Calmet, revenant, Nicolaus, Dariusz Poliński Organizations: Nicolaus Copernicus University Locations: Poland, Europe, Pień, Polish, Bydgoszcz, Toruń
A 9th century gravesite unearthed in England suggests ancient settlers may have feared the undead. Researchers with the Museum of London Archeology discovered a 15-year-old girl buried face-down. Archeologists, however, discovered the Conington girl buried face-down in a pit that marked the entrance to the small settlement and believe her ankles may have also been tied together, according to the MOLA statement. Archeologists unearthed the remains of a 15-year-old girl in a Medieval settlement near Conington, Cambridgeshire several years ago. "Her burial rites may have reflected the nature of her death, or her social identity or that of her family."
Persons: MOLA, Don Walker, Matteo Borrini, Osteologists, Nicolaus, Walker Organizations: Museum of London Archeology, Service, Privacy, Museum of London, Infrastructure, Conington . Oxford, Liverpool John Moores University, MOLA Headland, Nicolaus Copernicus University Locations: England, Wall, Silicon, Conington , Cambridgeshire, MOLA, Conington, Europe, Cambridgeshire
Researchers have unearthed the skeletal remains of a "vampire child" in a Polish graveyard. The child was buried face down with a triangular padlock on its foot. The skeletal remains of the child, who anthropologists believe was 5 to 7 years old, were discovered in an unmarked, mass cemetery in the Polish village of Pień, near Ostromecko. Triangular padlocks were attached to people’s feet to keep them tethered to the ground once buried, Poliński said. Courtesy of Dariusz PolińskiThere are several reasons a person may have been buried in such a cemetery, Poliński said.
Persons: Dariusz Poliński, Nicolaus, Poliński, Dariusz, Dariusz Poliński Matteo Borrini, Insider's Katherine Tangalakis, Marianne Guenot, Borrini Organizations: Christian Europe, Service, Privacy, Nicolaus Copernicus University, Liverpool John Moore University Locations: Wall, Silicon, Polish, Pień, Ostromecko
TipRanks used its Experts Center tool to find the analysts sporting a high success rate. TipRanks' algorithms calculated the statistical significance of each rating, analysts' overall success rate, and the average return. Top 10 analysts from the consumer goods sectorThe image below shows the most successful Wall Street analysts from the industrial goods sector. The buy recommendation generated a return of 134.8% from May 14, 2020 to May 14, 2021. Christopher Glynn - OppenheimerChristopher Glynn has the 10th spot on the list, with a success rate of 60%.
Persons: CARR, Spencer Platt, TipRanks, Kenneth Herbert, Herbert, Leonardo, Stephen Volkmann, Jefferies Stephen Volkmann, Parker Hannifin, Seth Weber, Weber, Benoit Poirier – Desjardins Benoit Poirier, Keith Hughes, Stanley Elliott, Stifel Nicolaus, Andrew Kaplowitz, Julian Mitchell –, Julian Mitchell, Mitchell, Gautam Khanna —, Cowen Gautam Khanna, Christopher Glynn, Oppenheimer Christopher Glynn Organizations: New York Stock Exchange, Getty, RBC, Leonardo DRS, DRS, Wells, Herc Holdings, TFI, Truist, Caterpillar, Citi Citigroup, Julian Mitchell – Barclays, Barclays, Carrier, Johnson Locations: New York City, Wells Fargo Wells, Symbotic, Generac
TipRanks recognized Wall Street's 10 best analysts in the consumer goods sector for identifying the best investment opportunities. TipRanks used its Experts Center tool to identify the pros with a high success rate, and analyzed each stock recommendation made by analysts in the consumer goods sector over the past decade. TipRanks' algorithms calculated the statistical significance of each rating, the analysts' overall success rate and the average return. Top 10 analysts from the consumer goods sectorThe image below shows the most successful Wall Street analysts from the consumer goods sector. Mark Astrachan - Stifel NicolausMark Astrachan has the 10th spot on the list, with a success rate of 65%.
To create this list, TipRanks analyzed every recommendation made by financial sector analysts in the past decade. Top 10 analysts from the financial sector The image shows the most successful Wall Street analysts from the financial sector, in descending order. 3 on TipRanks' top 10 financial analysts list. To create this list, TipRanks analyzed every recommendation made by financial sector analysts in the past decade. 3 on TipRanks' top 10 financial analysts list.
Watch CNBC's full interview with Mark Kelly and Barton Crockett
  + stars: | 2023-02-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Mark Kelly and Barton CrockettStifel Nicolaus analyst Mark Kelley and Barton Crockett, senior analyst at Rosenblatt Securities, join 'Squawk on the Street' to explain why they both have a buy rating on Meta.
To help the process, here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their track record. (See Apple Dividend Date & History on TipRanks) The analyst reiterated a Buy rating on AAPL stock with a price target of $210. "AAPL is on our Research Focus List and in our Focus Opportunity Portfolio," emphasized Feinseth, who holds the #269 position among more than 8,000 analysts on TipRanks. The analyst's ratings have been profitable 59% of the time and each rating has generated average returns of 10.5%. Despite reducing the near-term price target to $27 from $30, Kelley maintains a Buy rating on Bumble.
A female "vampire" skeleton was found in a 17th-century Polish graveyard. It was found restrained to prevent the dead woman from returning from the grave. The skeleton had a sickle laying across the throat and a padlock on its big toe. Professor Dariusz Poliński from Nicolaus Copernicus University headed up the archaeological dig that led to the discovery of the skeleton, the Daily Mail reported Friday. Later on, as the lore evolved, people believed that vampires were rising from the dead and strangling people the night.
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