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Bloomberg5d agoneutral
JPMorgan Strategists Raise S&P 500 Target as AI Capex Pays Off

(Bloomberg) -- JPMorgan Chase & Co. strategists raised their S&P 500 Index forecast for a second time in two months, citing strong corporate earnings and the payoff from massive artificial intelligence spending. Most Read from BloombergIran Shakes Up Security Team After Saying Oman Deal ‘Very Close’China Unleashes $28 Trillion Capital Markets to Challenge US in AIStocks Hold Near Record Highs, Oil Ticks Higher: Markets WrapTrump Amps Up Pressure on Billionaire Sargeant to Exit VenezuelaIran Says

J.P. Morgan lifts 2026-end target for S&P 500 to 8,000 on AI, earnings strength
Reuters5d agoneutral
J.P. Morgan lifts 2026-end target for S&P 500 to 8,000 on AI, earnings strength

J.P. Morgan raised its year-end target for the S&P 500 index to 8,000 from 7,800 on Monday, citing ‌prospects of solid corporate earnings and rising confidence that AI ‌investments by large hyperscalers would drive faster revenue growth. The new target implies about 3.1% upside ​from the index's last close of 7,757.64 and adds to a growing wave of bullish calls, with at least seven brokerages now expecting the benchmark to reach the 8,000 level by 2026-end. "As elevated backlogs convert into recognized revenue, ‌cloud growth should remain ⁠well supported, helping validate rising AI capex, strengthen order coverage, and further ease ROIC (return on invested capital) concerns," J.P. ⁠Morgan analysts said.

Ross Gerber Cites Data to Make a Point: Take Out Alphabet and Amazon, S&P 500 Earnings Growth Looks Far Less Impressive
Benzinga5d agoneutral
Ross Gerber Cites Data to Make a Point: Take Out Alphabet and Amazon, S&P 500 Earnings Growth Looks Far Less Impressive

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Amazon.com, Inc. (NASDAQ:AMZN) are responsible for a large share of the S&P 500’s second-quarter earnings growth, a concentration highlighted by investor Ross Gerber using FactSet (NYSE:FDS) data. Alphabet, Amazon Drive 71% of Earnings Increase Gerber highlighted FactSet data cited by the Wall Street Journal showing that Alphabet and Amazon account for about 71% of the dollar increase in S&P 500 blended earnings since July. ‘Alphabet and Amazon alon

Targa Resources Q2 Earnings Call Highlights
MarketBeat6d agoneutral
Targa Resources Q2 Earnings Call Highlights

Targa Resources (NYSE:TRGP) reported record second-quarter operating volumes and adjusted EBITDA, supported by growth in the Permian Basin, higher marketing optimization opportunities and record activity across its downstream operations. Chief Executive Officer Matt Meloy said adjusted EBITDA rose

Texas Pacific Land Q2 Earnings Call Highlights
MarketBeat6d agoneutral
Texas Pacific Land Q2 Earnings Call Highlights

Texas Pacific Land (NYSE:TPL) reported record quarterly revenue, net income and free cash flow for the second quarter of 2026, supported by higher oil and gas royalty production, produced-water royalty volumes and surface-related revenue. Chief Executive Officer Ty Glover said the company generated

Warren Buffett sends a blunt message to stock market investors
TheStreet8d agoneutral
Warren Buffett sends a blunt message to stock market investors

Berkshire Hathaway is sitting on $397.4 billion in cash. That number is larger than the market value of ExxonMobil. It exceeds the GDP of South Africa. It is the largest liquid reserve in the company's history. Berkshire has been a net seller of stocks for more than three years and has not found a ...

One Thing I’m Watching: Berkshire Hathaway’s Cash Hoard
The Wall Street Journal8d agoneutral
One Thing I’m Watching: Berkshire Hathaway’s Cash Hoard

Berkshire Hathaway's mountain of cash and Treasury bills hit a record amount just above this level at the end of March. This Saturday morning, when Berkshire reports earnings, I'll be watching where that number goes next—and where the company is putting its cash to work. Berkshire CEO Greg Abel inked two megadeals in the past few months that might have made a small dent in the cash pile—a $6.8 billion purchase of the home builder Taylor Morrison Home and a $10 billion investment in Alphabet shares.

Labor Market Proves Weaker Than Expected. That Could Keep Rate Hikes at Bay.
Barrons.com8d agoneutral
Labor Market Proves Weaker Than Expected. That Could Keep Rate Hikes at Bay.

The July jobs report made one thing very clear: Policymakers and investors can't take their eye off the ball. Going into Friday's data release, the consensus was that the labor market was stable and had gained ground since last year's stalled-out environment. It proved to be a bit of a similar pattern to recent years, particularly 2025, when July payrolls disappointed and the BLS lowered the previous two months' estimated payroll gains by 258,000.