Stock futures are trending downwards as investors face heightened trade tensions, unpredictable corporate earnings, and growing recession worries. This drop comes after a shortened trading week and right before significant earnings announcements from key players like Tesla (TSLA) and Alphabet.
Federal Reserve Chair Jerome Powell’s recent indication that interest rates will remain unchanged, despite criticism from President Trump, has further unsettled investors and contributed to a dip in the U.S. dollar's value. Market participants are also keeping a close eye on economic indicators, with warnings from Chicago Fed President Austan Goolsbee about potential drops in economic activity due to pre-tariff stockpiling.
In pre-market trading, futures for the S&P 500 fell by 1.18%, Nasdaq futures declined by 1.46%, and Dow futures dropped by 0.99%. The upcoming earnings reports and trade policy developments continue to be pivotal in shaping market sentiment.
Among individual stocks, Affiliated Managers Group (AMG, Financial) saw a 5% increase after announcing a deal to acquire a minority stake in Verition Fund Management. Capital City Bank (CCBG) rose 7%, Guaranty Bancshares (GNTY) gained 2%, and Comerica (CMA) went up 1%, all following positive earnings results. Conversely, Dynex Capital (DX) declined by 1% after earnings, while Tesla (TSLA) decreased 4% following reports of a delay in launching production for a more affordable car model.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Affiliated Managers Group Inc (AMG, Financial) is $187.00 with a high estimate of $200.00 and a low estimate of $168.00. The average target implies an upside of 19.80% from the current price of $156.09. More detailed estimate data can be found on the Affiliated Managers Group Inc (AMG) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Affiliated Managers Group Inc's (AMG, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Affiliated Managers Group Inc (AMG, Financial) in one year is $159.49, suggesting a upside of 2.18% from the current price of $156.09. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Affiliated Managers Group Inc (AMG) Summary page.
