U.S. equities have retreated from recent highs as rising oil prices, higher Treasury yields, and geopolitical tensions weigh on valuations, even as the earnings outlook remains resilient, according to a Goldman Sachs note. The S&P 500 has fallen roughly 9% from its January peak, with its forward price-to-earnings ratio declining to 19 times from 21 times a month ago. The compression in multiples h...
U.S. equities have retreated from recent highs as rising oil prices, higher Treasury yields, and geopolitical tensions weigh on valuations, even as the earnings outlook remains resilient, according to a Goldman Sachs note. The S&P 500 has fallen roughly 9% from its January peak, with its forward price-to-earnings ratio declining to 19 times from 21 times a month ago. The compression in multiples has come despite a rise in 2026 earnings estimates, suggesting markets are adjusting to tighter financial conditions rather than a deterioration in corporate fundamentals. Investor positioning has also turned more cautious, with Goldman’s U.S. equity sentiment indicator falling to -0.9, its lowest level since August 2025. While such levels have historically pointed to stronger forward returns, analysts said a sustained rebound would likely require clearer improvement in the macro outlook. “The S&P 500 index is down 9.2% from its recent highs, and the P/E ratio is down 18%. That 9 percentage point difference can be explained by an earnings cycle that is not only holding up but accelerating higher,” said Fidelity’s Jurrien Timmer. The quote was posted by Bloomberg's Lisa Abramowicz on X. Goldman expects S&P 500 earnings per share to grow 12% in 2026, supported by artificial intelligence investment, though risks from prolonged energy shocks remain. Attention now turns to the first-quarter earnings season, where guidance on margins and input costs will be closely watched. More on markets U.S. Q1 GDP May Improve As War Threatens The Outlook S&P 500 Continues Falling As Fed's Crystal Ball Gets Foggy Iran Conflict Escalation Risk High, Prolonged Oil Shock Looms Global governments have low scope for fiscal offset amid the Middle East conflict – economist Wall Street's major averages push higher to kick off the holiday-shortened week
Palo Alto Networks (NASDAQ: PANW) stock, which crashed 6% on Friday, worries over a new cybersecurity-capable version of an Anthropic artificial intelligence model, gained back nearly all its losses on Monday -- after an analyst at Bernstein said there's really nothing to worry about. As of 10:15 a.m. ET, Palo Alto stock is up 5.9%. Image source: Getty Images. Continue reading
Palo Alto Networks (NASDAQ: PANW) stock, which crashed 6% on Friday, worries over a new cybersecurity-capable version of an Anthropic artificial intelligence model, gained back nearly all its losses on Monday -- after an analyst at Bernstein said there's really nothing to worry about. As of 10:15 a.m. ET, Palo Alto stock is up 5.9%. Image source: Getty Images. Continue reading
Starbucks ( SBUX ) disclosed results of its annual meeting held on March 25. The company's shareholders elected each of the eleven directors nominated by the board to serve until the 2027 annual meeting. Marissa Mayer was the board member with the highest percentage of “for” votes. The shareholders also approved a shareholder proposal requesting supermajority shareholder voting requirements be rep...
Starbucks ( SBUX ) disclosed results of its annual meeting held on March 25. The company's shareholders elected each of the eleven directors nominated by the board to serve until the 2027 annual meeting. Marissa Mayer was the board member with the highest percentage of “for” votes. The shareholders also approved a shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority voting requirements. Among the items shareholders did not approve were a proposal requesting adoption of an independent board chair policy, a proposal requesting a report on the company's apparent exclusion of detransitioning in its healthcare coverage, a proposal requesting a report on median compensation and benefits gaps as they address reproductive and gender dysphoria care, and a shareholder proposal requesting a report on the company's use of diagnostic tools created by politicized corporate partners. Shareholders also did not approve a shareholder proposal requesting a report on the risks of the Company excluding religious charities from its employee-gift match program. At the annual meeting, CEO Brian Niccol highlighted a series of proof points that he said demonstrated that Starbucks ( SBUX ) is ahead of schedule in its turnaround and delivering stronger, more consistent experiences for customers and partners. "Today, you can feel the difference," he stated. "The shine is back on Starbucks, and the momentum we’ve built is showing up in the experience our customers have every day," he added. Regarding the coffeehouse experience, uplifts were said to be restoring warmth and comfort across coffeehouses, with more than 1,000 expected to be completed by the end of fiscal 2026. More on Starbucks Starbucks Corporation (SBUX) Shareholder/Analyst Call - Slideshow Starbucks: Full Price For A Half-Brewed Turnaround Starbucks: Improving, But Where Are The Bucks? Starbucks continues to test new ways to make ordering seamless at high-traffic locations Starbuc...
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares AAA CLO Active ETF (Symbol: CLOA) where we have detected an approximate $186.7 million dollar inflow -- that's a 11.6% increase week over wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares AAA CLO Active ETF (Symbol: CLOA) where we have detected an approximate $186.7 million dollar inflow -- that's a 11.6% increase week over wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Equity Factor Rotation Active ETF (Symbol: DYNF) where we have detected an approximate $210.3 million dollar inflow -- that's a 0.7% inc
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Equity Factor Rotation Active ETF (Symbol: DYNF) where we have detected an approximate $210.3 million dollar inflow -- that's a 0.7% inc
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Senior Loan ETF (Symbol: BKLN) where we have detected an approximate $170.8 million dollar inflow -- that's a 2.9% increase week over week in
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Senior Loan ETF (Symbol: BKLN) where we have detected an approximate $170.8 million dollar inflow -- that's a 2.9% increase week over week in
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Real Estate Select Sector SPDR Fund (Symbol: XLRE) where we have detected an approximate $260.1 million dollar outflow -- that's a 3.5% decrease wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Real Estate Select Sector SPDR Fund (Symbol: XLRE) where we have detected an approximate $260.1 million dollar outflow -- that's a 3.5% decrease wee