FactSet Insight

June 17, 2024

AI Strategies Series: 7 Ways to Overcome Hallucinations

Hallucinations are perhaps the most important limitation of generative AI to stem. This article—the second in our six-part series...

By Lucy Tancredi | Data Science and AI

June 14, 2024

Where Are Analysts Most Optimistic on Ratings for S&P 500 Companies Heading Into Q3?

With the start of the third quarter approaching, where are analysts most optimistic and pessimistic in terms of their ratings on...

By John Butters | Earnings

June 13, 2024

U.S. Data Centers Risk European Gas Supply

This Insight examines AI’s impact on U.S. natural gas and electricity markets, and the subsequent effects on U.S. LNG exports and...

By Matthew Hoza | Energy

June 11, 2024

Consumer Price Index (CPI) for May 2024 is Projected to Rise 3.4% Year-Over-Year

The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of May 2024 is...

By John Butters | Economics

June 10, 2024

Understanding Regime Changes for Robustness in Backtesting

In backtests, understanding how your factor signals perform in various regimes is crucial. The reason is market conditions...

By Rui Tahara | Risk, Performance, and Reporting

June 7, 2024

Fewer S&P 500 Companies Discussing “Recession” on Earnings Calls for 7th Straight Quarter

Given concerns in the market about a possible economic slowdown or recession, did more S&P 500 companies than normal comment on...

By John Butters | Earnings

June 4, 2024

U.S. Utility Commissions Hear Natural Gas Concerns Around Electrification

Utility commissions in the U.S. are hearing arguments about the cost, pace, and feasibility of electrification and its effects on...

By Eric Yussman | Energy

June 3, 2024

AI Strategies Series: How LLMs Do—and Do Not—Work

Today we introduce the first article in a six-part series intended to increase awareness of the main hurdles and how to overcome...

By Lucy Tancredi | Data Science and AI

May 31, 2024

Analysts Have Increased EPS Estimates for S&P 500 Companies for Q2 2024 Since March 31

Given concerns in the market about a possible economic slowdown, have analysts lowered EPS estimates more than normal for S&P 500...

By John Butters | Earnings

May 30, 2024

Earnings Insight Infographic: Q1 2024 By the Numbers

Each week, Earnings Insight offers analysis of critical trends in the S&P 500. Here are key highlights of the first quarter 2024...

By John Butters | Earnings

May 29, 2024

What’s Driving the Bull Run in Uranium?

What’s next for uranium? What does the demand side look like going forward? Can uranium producers/supply side ramp up production...

By Sehaj Anand | Companies and Markets

May 28, 2024

Will the ECB Cut Rates Before the Fed? Exploring the Impact on Investment Strategies

Given European Central Bank (ECB) monetary policy discussions to lower interest rates after recent economic reports—Eurostat...

By Kristina Bratanova-Cvetanova | Risk, Performance, and Reporting

May 24, 2024

Highest Number of S&P 500 Companies Citing “AI” on Earnings Calls Over Past 10 Years

Artificial intelligence has been a focus topic for the market. Given the heightened interest, have more S&P 500 companies than...

By John Butters | Earnings

May 22, 2024

Driving Bank Growth with Strategic VC Fintech Support

This month, FactSet's guests discuss the network effects of a venture capital fund bringing together banks as LPs and investing...

By Sean Ryan | Companies and Markets

May 21, 2024

A Recent Study Reveals How the Performance Profession is Evolving in 2 Key Aspects

In a recent research study where we spoke to over 300 asset management decision-makers around the world, it is evident there are...

By FactSet Insight | Risk, Performance, and Reporting

May 17, 2024

Fewer S&P 500 Companies Discussing “Inflation” on Earnings Calls for 7th Straight Quarter

With the year-over-year CPI number falling back to the 3.1% to 3.5% level in recent months, did fewer S&P 500 companies comment...

By John Butters | Earnings

May 16, 2024

Derivative Charts: Plotting the Growth of the Alternatives Market

Though presented in a different manner, our quarterly NAV growth chart tells a similar story to our Cobalt base analytics, with...

By Colin Devereaux | Companies and Markets

May 15, 2024

U.S. Mergers & Acquisitions Monthly Review: April 2024

U.S. M&A deal activity increased in April, going up 6.9% with 988 announcements compared to 924 in March. Aggregate M&A spending...

By FactSet Insight | Companies and Markets

May 14, 2024

Consumer Price Index (CPI) for April 2024 is Projected to Rise 3.4% Year-Over-Year

The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of April 2024 is...

By John Butters | Economics

May 10, 2024

Excluding Bristol Myers Squibb, S&P 500 Would Be Reporting Earnings Growth Above 8% for Q1

The blended (combines actual and estimated results) year-over-year earnings growth rate for the S&P 500 for Q1 2024 is 5.4%. If...

By John Butters | Earnings

May 7, 2024

Cautious Optimism for Capital Markets Coming Out of 1Q24

The IPO market is opening and several fixed income markets opened up more in 1Q24, positives both in and of themselves and as...

By Sean Ryan | Companies and Markets

May 6, 2024

First Increase in EPS Estimates for S&P 500 Companies for Q2 2024 Since Q4 2021

Given concerns in the market about a possible economic slowdown or recession, have analysts lowered EPS estimates more than...

By John Butters | Earnings

May 3, 2024

S&P 500 Earnings Season Update: May 3, 2024

At this stage of the Q1 earnings season, S&P 500 companies continue to perform well compared to expectations. Both the percentage...

By John Butters | Earnings

May 2, 2024

Regulatory Changes in Nova Scotia Aim for Clean Energy Future

As FactSet introduces coverage of Canadian rate cases to the Workstation, the following article highlights Nova Scotia's...

By Eric Yussman | Energy

April 30, 2024

Watch How to Generate a Baseline Portfolio Commentary With AI in 60 Seconds

Financial professionals who develop portfolio attribution summaries know it’s a time commitment to analyze data tables and charts...

By FactSet Insight | Companies and Markets

April 30, 2024

Bank Earnings Review: 1Q24

First quarter results demonstrated (most) banks’ ability to manage through a worsening rate environment, noninterest-bearing...

By Sean Ryan | Companies and Markets

April 30, 2024

Better Late than Never: Trans Mountain Expansion Completion Imminent

Canada’s Trans Mountain Pipeline Expansion project, which has faced numerous hurdles since its proposal in 2013, will likely see...

By Katrina Abuls | Energy

April 29, 2024

Have You Put Your FactSet AI Assistant to Work for Peak Earnings Season?

It's the double whammy of peak earnings season: How to be everywhere at once (earnings calls) and how to more quickly analyze...

By FactSet Insight | Data Science and AI

April 29, 2024

S&P 500 Reporting Higher Net Profit Margin Quarter-Over-Quarter for Q1

Given continuing concerns in the market about inflation, what is the S&P 500 reporting for a net profit margin for Q1? The...

By John Butters | Earnings

April 26, 2024

S&P 500 Earnings Season Update: April 26, 2024

At the mid-point of the Q1 earnings season, S&P 500 companies continue to perform well compared to expectations. Both the...

By John Butters | Earnings

April 26, 2024

New EPA Rules Target Power Plant Emissions

Yesterday, April 25th, the EPA unveiled their final carbon pollution standards for power plants.

By Trevor Fugita | Energy

April 25, 2024

It’s Peak Earnings Season. Have You Put Your FactSet AI Assistant to Work?

It's the double whammy of peak earnings season: How to be everywhere at once (earnings calls) and how to more quickly analyze...

By FactSet Insight | Companies and Markets

April 25, 2024

CAISO Curtailments Rise as Prices Fall

California ISO (CAISO) has developed an extensive renewable energy infrastructure, positioning itself not only at the forefront...

By Lucas Caminiti | Energy

April 24, 2024

How to Customize Scenario Analysis of Your Investment Portfolio Leading up to the U.S. Presidential Election

We heard from a number of clients after our previous article about the volatility trends of stocks and bonds before, during, and...

By Kristina Bratanova-Cvetanova | Risk, Performance, and Reporting

April 24, 2024

Potential Sour Crude Deficit Looming in the Gulf

More than half of Mexico’s heavy sour crude oil exports end up in the U.S., which is key for refining along the Gulf Coast.

By Mitch Jennings | Energy

April 23, 2024

S&P 500 Q1 Energy Sector Earnings Preview: 3rd Largest Earnings Decline of All 11 Sectors

The Energy sector will be a focus for the market this week, as Exxon Mobil and Chevron are scheduled to report earnings on April...

By John Butters | Earnings

April 22, 2024

Are the “Magnificent 7” the Top Contributors to Earnings Growth for the S&P 500 for Q1?

A number of the companies in the “Magnificent 7” saw their stock prices increase during the first quarter, which helped to drive...

By John Butters | Earnings

April 19, 2024

S&P 500 Earnings Season Update: April 19, 2024

At this early stage, the first quarter earnings season for the S&P 500 is off to a mixed start. On the positive side, both the...

By John Butters | Earnings

April 18, 2024

Listen In: CRE, C&I, and M&A in the Banking Sector

If the banking sector is your wheelhouse, this is for you. We sat down for a conversation with esteemed guest Chris Marinac,...

By Sean Ryan | Companies and Markets

April 17, 2024

Surge Pricing: Examining the Ability to Adjust North America Infrastructure Investing on a Short Timeline

The state of Infrastructure investing in America has been an often-criticized topic. In addition to wear and tear, sudden and...

By Edward McCormick | Companies and Markets

April 16, 2024

Highlights from Day 1 of Bank Earnings Season

Debt and equity underwriting were both strong, though some activity may have bene pulled forward. M&A remains weak although...

By Sean Ryan | Companies and Markets

April 12, 2024

S&P 500 Will Likely Report Year-Over-Year Earnings Growth of At Least 7% for Q1

As of today, the S&P 500 is reporting earnings growth of 0.9% for the first quarter, which would mark the third-straight quarter...

By John Butters | Earnings

April 11, 2024

U.S. Mergers & Acquisitions Monthly Review: March 2024

U.S. M&A deal activity decreased in March, going down 22.6% with 841 announcements compared to 1,087 in February. Aggregate M&A...

By FactSet Insight | Companies and Markets

April 10, 2024

Using Large Language Models to Converse with Your Data

The emergence of generative AI has amplified the importance of reliable data in factual, data-centric decision-making processes....

By Yogendra Miraje | Data Science and AI

April 9, 2024

Consumer Price Index (CPI) for March 2024 is Projected to Rise 3.4% Year-Over-Year

The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of March 2024 is...

By John Butters | Economics

April 8, 2024

S&P 500 Financials Sector Q1 Earnings Preview: Banks Expected to Report Largest Decline

The Financials sector will be a focus for the market during the next two weeks, as 50% of the S&P 500 companies that are...

By John Butters | Earnings

April 5, 2024

Second-Highest Number of S&P 500 Companies Issuing Negative EPS Guidance Since Q2 2019

While analysts lowered Q1 earnings estimates for S&P 500 companies by a smaller margin than average, have fewer S&P 500 companies...

By John Butters | Earnings

April 3, 2024

SEC Adopts Amendments to the Names Rule under the Investment Company Act of 1940

On September 20, 2023, the U.S. Securities and Exchange Commission (SEC) adopted amendments to Rule 35d‑1 (the “Names Rule”)...

By Ioannis Delikostas | Regulations

March 28, 2024

Analysts Made Smaller Cuts Than Average to EPS Estimates for S&P 500 Companies for Q1

Given concerns in the market about a possible economic slowdown or recession, have analysts lowered EPS estimates more than...

By John Butters | Earnings

March 27, 2024

Why Choosing the Right Objective Function Matters: How to Achieve Maximum Information Ratio with Portfolio Optimization

In this article we explore the complex hurdles that active portfolio managers encounter and how portfolio optimization is a...

By Georgi Mitov | Risk, Performance, and Reporting

March 26, 2024

Mines and Mandates: Evaluating Political Risk in Mining

Mining as a global industry is deeply exposed to the politics of the nations in which they operate. However, assessing the...

By Matthew Dolowy-Busch | Companies and Markets

March 25, 2024

In FOCUS: 4 Questions for a Fundamental Research Expert and Masterclass Presenter

As a result of working with clients across diverse industries to optimize their investment workflows, Jana Ievins has a panoramic...

By Jana Ievins | Companies and Markets

March 22, 2024

Major Chinese Oil Demand Forecasts Could Be Too Bullish

For the last decade, global oil demand growth has been driven by China, but outlooks differ on whether this dynamic will be...

By Mitch Jennings | Energy

March 21, 2024

Industry Analysts Project 7% Increase in S&P 500 Price Over the Next 12 Months

After closing at a record-high value yesterday of 5,224.62, where do industry analysts believe the price of the S&P 500 will go...

By John Butters | Earnings

March 21, 2024

Arizona's Utility Regulatory Environment: Improving or False Dawn?

Arizona's utility regulatory environment has long been seen as one of the hardest in the country for investor-owned utilities to...

By Jon Bowman | Energy

March 20, 2024

How to Select a Portfolio Optimizer that Supports Your Investment Priorities

Whether you are a systematic asset manager, an asset owner, or a wealth manager, a portfolio optimizer is a powerful tool to...

By Nicholas Edwards | Risk, Performance, and Reporting

March 19, 2024

U.S. Mergers & Acquisitions Monthly Review: February 2024

U.S. M&A deal activity decreased in February, going down 18.7% with 1,045 announcements compared to 1,285 in January. However,...

By FactSet Insight | Companies and Markets

March 18, 2024

Where Are Analysts Most Optimistic on Ratings for S&P 500 Companies Heading Into Q2?

With the start of the second quarter approaching, where are analysts most optimistic and pessimistic in terms of their ratings on...

By John Butters | Earnings

March 15, 2024

Second-Highest Number of S&P 500 Companies Citing “AI” on Earnings Calls Over Past 10 Years

Artificial intelligence has been a focus topic for the market over the past year. Given the heightened interest, did more S&P 500...

By John Butters | Earnings

March 14, 2024

Law of Averages: Comparing 3 Decades of Commitments Among Buyout, Venture Capital, and Credit Funds

In private markets, we regularly analyze three main facets of our Cobalt market dataset— performance, fundraising, and cash...

By Colin Devereaux | Companies and Markets

March 13, 2024

Listen In as FactSet and KBW Discuss Key Themes in Banking and the Financial Sector

We sat down for a recorded conversation with our esteemed guest, Tom Michaud, President and Chief Executive Officer of investment...

By Sean Ryan | Companies and Markets

March 12, 2024

How to Drive Faster Earnings Analysis and Research with a Generative AI Assistant

Amid the hundreds of earnings calls and transcripts every quarter, our clients know there are valuable investment insights to be...

By FactSet Insight | Data Science and AI

March 11, 2024

Lowest Number of S&P 500 Companies Citing “ESG” on Earnings Calls Since Q2 2019

During each corporate earnings season, companies often comment on their ongoing corporate goals and initiatives. Thus, did...

By John Butters | Earnings

March 11, 2024

Consumer Price Index (CPI) for February 2024 is Projected to Rise 3.1% Year-Over-Year

The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of February 2024...

By John Butters | Economics

March 8, 2024

Lowest Number of S&P 500 Companies Citing “Recession” on Earnings Calls Since Q4 2021

Given concerns in the market about a possible economic slowdown or recession, did more S&P 500 companies than normal comment on...

By John Butters | Earnings

March 6, 2024

AI Strategies Series: The Legal and Ethical Landscape of Generative AI

In this final installment of our six-part series on overcoming generative AI challenges, we focus on legal and ethical...

By Lucy Tancredi | Data Science and AI

March 5, 2024

Using Machine Learning Models to Uncover Historical US Recession Risk

Given investors’ question throughout last year of whether the US would achieve a soft landing, we used machine learning to...

By Ivo Kolarov | Data Science and AI

March 4, 2024

Largest Median Difference Between Non-GAAP EPS and GAAP EPS for DJIA Companies in 3 Years

While all publicly traded U.S companies report EPS on a GAAP (generally accepted accounting principles) basis, many U.S....

By John Butters | Earnings

March 1, 2024

Analysts Making Smaller Cuts Than Average to EPS Estimates for S&P 500 Companies for Q1

Given concerns in the market about a possible economic slowdown or recession, have analysts lowered EPS estimates more than...

By John Butters | Earnings

February 29, 2024

Enbridge Gray Oak Expansion Alone Won’t Relieve Future Permian Constraints

Enbridge Gray Oak expansion will relieve bottlenecks in the near term, but the basin will be constrained again by late 2025,...

By Camille Buckley | Energy

February 29, 2024

Earnings Insight Infographic: Q4 2023 By The Numbers

Each week, Earnings Insight offers analysis of critical trends in the S&P 500. Here are key highlights of the fourth quarter 2023...

By John Butters | Earnings

February 28, 2024

AI Strategies Series: Security and Data Privacy

Shifting gears from the quality of responses, we now discuss security and data privacy. Some firms have created generative AI...

By Lucy Tancredi | Data Science and AI

February 27, 2024

Data Science in the AI Era: Q&A with NYT Bestselling Author Seth Stephens-Davidowitz

We sat down with Seth Stephens-Davidowitz to discuss his research and perspectives on data ahead of his May 1 keynote address at...

By FactSet Insight | Data Science and AI

February 26, 2024

Headwinds for the Industrial Materials Sector

The industrial commodity sector experienced a robust surge over the 20 years between 2002 and 2022. However, since January 2023...

By Kevin Lu | Companies and Markets

February 23, 2024

Key Considerations for Stress Testing with Climate Risk Data

Stress tests have become an integral part of risk management in the last decade. They are now required in bank and investment...

By Kristina Bratanova-Cvetanova | Risk, Performance, and Reporting

February 22, 2024

U.S. Mergers & Acquisitions Monthly Review: January 2024

U.S. M&A deal activity increased in January, going up 16.1% with 1,209 announcements compared to 1,041 in December. Aggregate M&A...

By FactSet Insight | Companies and Markets

February 21, 2024

AI Strategies Series: Inconsistent and Outdated Responses

So far in our AI strategies series we’ve discussed LLM capabilities and limitations, hallucinations, and lack of explainability....

By Lucy Tancredi | Data Science and AI

February 20, 2024

S&P 500 Reporting Year-over-Year Revenue Growth for 13th Straight Quarter

The blended (combines actual results for companies that have reported and estimated results for companies that have yet to...

By John Butters | Earnings

February 16, 2024

S&P 500 Earnings Season Update: February 16, 2024

At this stage of the Q4 earnings season, the overall performance of the S&P 500 relative to earnings estimates is mixed. The...

By John Butters | Earnings

February 15, 2024

Buy the Rumor, Buy the News: Evaluating the Unshakable Interest in Real Estate

While investing in sanguine times has been an oft-held motto of contrarianism, what happens when even bad times are good times?...

By Edward McCormick | Companies and Markets

February 14, 2024

AI Strategies Series: Explainability

Given the potential for generative AI hallucinations, users understandably want source links or references to show where a Large...

By Lucy Tancredi | Data Science and AI

February 12, 2024

Consumer Price Index (CPI) for January 2024 is Projected to Rise 2.9% Year-Over-Year

The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of January 2024 is...

By John Butters | Economics

February 12, 2024

S&P 500 Forward P/E Ratio Rises Above 20.0 For First Time in 2 Years

On February 8, the forward 12-month P/E ratio for the S&P 500 was 20.3, which marked the seventh time in the past nine trading...

By John Butters | Earnings

February 9, 2024

S&P 500 Earnings Season Update: February 9, 2024

At this stage of the Q4 earnings season, the overall performance of the S&P 500 relative to earnings estimates continues to...

By John Butters | Earnings

February 8, 2024

Industrials Cash Flows Looking Healthy in 4Q23

With approximately 84% of the Industrials sector having reported 4Q23 results, cash flows continue to be strong with a few...

By Tom Abrams, CFA | Companies and Markets

February 6, 2024

Analysts Making Smaller Cuts Than Average to EPS Estimates for S&P 500 Companies for Q1

Given concerns in the market about a possible economic slowdown or recession, have analysts lowered EPS estimates more than...

By John Butters | Earnings

February 5, 2024

S&P 500 Now Reporting Year-over-Year Growth in Earnings for Q4 2023

After dipping to a year-over-year decline in earnings of -1.8% on January 19, the S&P 500 is now reporting year-over-year growth...

By John Butters | Earnings

February 2, 2024

S&P 500 Earnings Season Update: February 2, 2024

At the mid-point of the fourth quarter earnings season, the overall performance of the S&P 500 relative to earnings estimates...

By John Butters | Earnings

February 1, 2024

ETF Investors Say “No Thanks” to Fee Hikes

ETF asset managers seem to think the fee wars are over. ETF investors beg to differ. ETF inflows hit a healthy $583 billion in...

By Elisabeth Kashner, CFA | Companies and Markets

January 30, 2024

S&P 500 Q4 Energy Sector Earnings Preview: Largest Earnings Decline of All 11 Sectors

The Energy sector will be a focus for the market this week, as Exxon Mobil and Chevron are scheduled to report earnings results...

By John Butters | Earnings

January 29, 2024

Are the “Magnificent 7” the Top Contributors to Earnings for the S&P 500 for Q4?

A number of the companies in the “Magnificent 7” have seen their stock price hit record-high levels in recent weeks, which is...

By John Butters | Earnings

January 26, 2024

S&P 500 Earnings Season Update: January 26, 2024

At this stage of the fourth quarter earnings season, the overall performance of the S&P 500 continues to be subpar. The...

By John Butters | Earnings

January 26, 2024

Despite Warm Start to Winter, Recent Cold Heats Up Gas Premiums

Recent cold-temperature spikes across the U.S. have lifted near-term pricing after an extremely weak December...

By Alejandra Harvey | Energy

January 25, 2024

Henry Hub and TTF Prices Collapse Following Low Temperatures

Recent drops in temperature on both sides of the Atlantic provided short-lived relief to a lagging storage withdrawal season on...

By Matthew Hoza | Energy

January 25, 2024

Perfectly Hedged? Questioning the Tether Between Private Credit and the Federal Funds Rate

Akin to Steve Eisman’s critique of how a firm can lose money in every interest rate environment, our analysis this month poses...

By Edward McCormick | Companies and Markets

January 24, 2024

Louisiana Class VI Well Primacy Bodes Well for CCUS Projects in State and Across U.S.

Louisiana’s recent approval for primacy over Class VI wells may help to accelerate permitting for injecting CO2 underground for...

By Carolyn Nuyen | Energy

January 24, 2024

Do Stock and Bond Markets Become More Volatile Around US Presidential Elections?

In the year of a US presidential election, questions about implications for financial markets come to the fore among investors....

By Kristina Bratanova-Cvetanova | Risk, Performance, and Reporting

January 23, 2024

U.S. Mergers & Acquisitions Monthly Review: December 2023

U.S. M&A deal activity decreased in December, going down 14.1% with 962 announcements compared to 1,120 in November. However,...

By FactSet Insight | Companies and Markets

January 22, 2024

S&P 500 Reporting Lowest Net Profit Margin in More Than 3 Years for Q4

Given continuing concerns in the market about inflation, what is the S&P 500 reporting for a net profit margin for Q4? The...

By John Butters | Earnings

January 19, 2024

S&P 500 Earnings Season Update: January 19, 2024

At this early stage, the fourth quarter earnings season for the S&P 500 is off to a weak start. The percentage of S&P 500...

By John Butters | Earnings

January 18, 2024

Pair of NYC’s Few Remaining Peaker Plants Ordered to Delay Retirement Amid Reliability Concerns

New York ISO announced in November that it is ordering a pair of peaker plants in the greater New York City area to delay...

By Jonathan Crawford | Energy

January 18, 2024

Canadian ETF Fund Flows: A Snapshot of 2023 Trends

In reviewing Canadian ETF fund flows for 2023, we observed the following trends.

By Lois Gregson | Companies and Markets

January 17, 2024

Surveying the Cement Decarbonization Landscape

In this Insight we delve into the structure of the domestic cement industry, outline the energy use in cement production, and...

By Tom Abrams, CFA | ESG

January 16, 2024

S&P 500 Will Likely Report Year-Over-Year Earnings Growth of At Least 4% for Q4

As of today, the S&P 500 is reporting a year-over-year earnings decline of -0.1% for the fourth quarter, which would mark the...

By John Butters | Earnings

January 12, 2024

Are More S&P 500 Companies Issuing Negative EPS Guidance Than Average for Q4?

While analysts revised earnings estimates for S&P 500 companies down by a larger margin for Q4 relative to recent averages, have...

By John Butters | Earnings

January 12, 2024

OPEC Or Not OPEC, That Is The Question

Disagreement among OPEC members has introduced concerns on whether Saudi Arabia can continue to rally a market management...

By Katrina Abuls | Energy

January 11, 2024

Our Top 7 AI Perspectives for CTOs, CIOs, and CFOs for 2024

Generative AI can help your organization increase productivity, enhance client and employee experiences, and accelerate business...

By FactSet Insight | Data Science and AI

January 10, 2024

Consumer Price Index (CPI) for December 2023 is Projected to Rise 3.2% Year-Over-Year

The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of December 2023...

By John Butters | Economics

January 9, 2024

M&A: Thoughts on the Cycle in 2024

We are updating our M&A market outlook with thoughts for the new year ahead. FactSet’s U.S. Mergers and Acquisitions (M&A) data...

By Tom Abrams, CFA | Companies and Markets

January 8, 2024

Ripple Effects of Contentious California Water Utility Ratemaking Decisions

The California Public Utilities Commission's recent decisions to disallow full decoupling have threatened to redefine how...

By Eric Wright | Energy

January 8, 2024

S&P 500 Financials Sector Q4 Earnings Preview: Banks Lead Earnings Decline

The Financials sector will be a focus for the market during the next two weeks, as more than 70% of the S&P 500 companies that...

By John Butters | Earnings

January 5, 2024

Analysts Made Larger Cuts Than Average to EPS Estimates for S&P 500 Companies for Q4

Given concerns in the market about a possible economic slowdown or recession, have analysts lowered EPS estimates more than...

By John Butters | Earnings

January 4, 2024

Metals and Mining Sector Roundup: Our Top Articles on Supply, Demand, Valuations, and Risks for Investors to Consider

Over the past three quarters, FactSet Senior Manager Matthew Dolowy-Busch has published in-depth analyses of the Metals & Mining...

By FactSet Insight | Companies and Markets

January 2, 2024

2024 Outlook: 9 Views on What to Watch Across S&P 500 Earnings, AI, Banks, and More

With 2023 in the rear-view mirror, global capital markets open a new chapter in 2024 with a mix of possibilities and...

By FactSet Insight | Companies and Markets

December 26, 2023

The Days That Moved the US Market in 2023

In 2023, S&P 500 has bounced back from the difficult environment in 2022 that saw a decline of more than 19%. Year to date the...

By Torstein Jakobsen | Companies and Markets

December 21, 2023

U.S Mergers & Acquisitions Monthly Review: November 2023

U.S. M&A deal activity decreased in November, going down 15.3% with 1,073 announcements compared to 1,267 in October. Aggregate...

By FactSet Insight | Companies and Markets

December 20, 2023

How We Use LLM Technology to Supercharge Junior Banker Workflows

A boost in productivity and efficiency is among the benefits AI can deliver. We developed and launched the beta release of a...

By FactSet Insight | Data Science and AI

December 19, 2023

Asset Valuations in Power Plant M&A Transactions

There are two primary types of M&A transactions in the Power & Utilities (P&U) space – corporate deals and asset transactions.

By Leo Kelser | Energy

December 19, 2023

22 Countries Pledge at COP28 to Triple Nuclear Power

The 28th annual United Nations Climate Change Conference (COP28) discussed nuclear energy as a potential solution for clean...

By Kevin Lu | ESG

December 18, 2023

Golden Pass LNG: A Harbinger of Oversupply Risk

ExxonMobil and Qatar Petroleum recently announced a delay of their joint venture LNG facility, Golden Pass LNG.

By Mitchell Luti | Energy

December 18, 2023

S&P 500 CY 2023 Earnings Preview: Less Than 1% Growth Expected

Analysts expect the S&P 500 to report earnings growth of less than 1% in CY 2023. The estimated (year-over-year) earnings growth...

By John Butters | Earnings

December 15, 2023

Where Are Analysts Most Optimistic on Ratings for S&P 500 Companies Heading Into 2024?

With the end of the year approaching, where are analysts most optimistic and pessimistic in terms of their ratings on stocks in...

By John Butters | Earnings

December 12, 2023

The (Bar)bell Curve: Looking at the Dispersion of PME Alpha by Private Market Funds

In past charts, we’ve discussed our PME (public market equivalent) engine and how it can be used to analyze a fund or group of...

By Colin Devereaux | Companies and Markets

December 11, 2023

S&P 500 CY 2024 Earnings Preview: Analysts Expect Double-Digit Earnings Growth

Despite concerns about a possible recession next year, analysts expect the S&P 500 to report double-digit earnings growth in CY...

By John Butters | Earnings

December 11, 2023

Consumer Price Index (CPI) for November 2023 is Projected to Rise 3.1% Year-Over-Year

The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of November 2023...

By John Butters | Economics

December 8, 2023

Industry Analysts Predict the S&P 500 Will Close Above 5,000 in 2024

With 2023 coming to a close, analysts are making predictions for the closing price of the S&P 500 for next year. These...

By John Butters | Earnings

December 7, 2023

3 Red Flags to Avoid the Snake Oil of ChatGPT Stock Pickers

There’s a popular but dangerous trend spreading even into reputable news sources: Articles about how ChatGPT has been used to...

By Yuri Malitsky | Companies and Markets

December 6, 2023

European Natural Gas Storage Enters Withdrawal Season Amid Tensions

December is off to a chilly start in Europe, with the first sub-freezing temperatures of the season hitting European capitals and...

By Matthew Hoza | Energy

December 6, 2023

Looking Back on a Chilly Year for IPOs, and Why 2024 Could Warm the Waters

The global IPO market continues to run cold. The final quarter of 2023 paces to be the softest Q4 IPO count since 2019 while the...

By Christine Short | Companies and Markets

December 5, 2023

Can PJM’s Power Capacity Market Overhaul Drive a Revenue Rebound?

PJM Interconnection is pushing for an overhaul of its multi-billion-dollar annual capacity auction.

By Jonathan Crawford | Energy

December 5, 2023

Fewer S&P 500 Companies Discussing “AI” on Earnings Calls For Q3 Compared to Q2

Artificial intelligence has been a focus topic for the market in recent months. Given the heightened interest, did more S&P 500...

By John Butters | Earnings

December 4, 2023

Analysts Making Larger Cuts Than Average to EPS Estimates for S&P 500 Companies for Q4

Given concerns in the market about a possible economic slowdown or recession, have analysts lowered EPS estimates more than...

By John Butters | Earnings

December 1, 2023

Iranian Sanctions and OPEC Guidance Grow 2024 Oil Risks

BTU Analytics takes a look at three possible scenarios for future Iranian output in the face of renewed U.S. sanctions and where...

By Mitch Jennings | Energy

December 1, 2023

Have Industry Analysts Overestimated S&P 500 EPS For 2024?

For 2024, the bottom-up EPS estimate for the S&P 500 (which reflects an aggregation of the median EPS estimates for CY 2024 for...

By John Butters | Earnings

November 30, 2023

Earnings Insight Infographic: Q3 2023 By the Numbers

Each week, Earnings Insight offers analysis of critical trends in the S&P 500. Here are key highlights of the third quarter 2023...

By John Butters | Earnings

November 29, 2023

CO2 Pipelines Struggle to Navigate Regulatory Risk

Last month, Navigator CO2 Ventures officially ended their Heartland Greenway CO2 pipeline project due to regulatory hurdles and...

By Nick Jones | Energy

November 29, 2023

ChatGPT Turns 1. What’s Next for AI?

ChatGPT has become more powerful throughout its first year of iterations. It responds better to most prompts (questions and...

By FactSet Insight | Data Science and AI

November 28, 2023

Building Products Housing Market Update

There are many macro and industry fundamentals that can move building-products equities. This article considers rates, mortgage...

By Tom Abrams, CFA | Companies and Markets

November 27, 2023

Black Swan Risks and Valuation Gaps: The Struggles of Single-Asset Miners

While companies in most industries can relocate operations to jurisdictions advantageous to costs, availability of labour and...

By Matthew Dolowy-Busch | Companies and Markets

November 22, 2023

U.S. Mergers & Acquisitions Monthly Review: October 2023

U.S. M&A deal activity increased in October, going up 8.5% with 1,219 announcements compared to 1,124 in September. Aggregate M&A...

By FactSet Insight | Companies and Markets

November 21, 2023

2023 Tracks as the Weakest Buyback Announcement Year Since Before 2016

Wall Street Horizon has closely monitored the trend in corporate buybacks throughout 2023. It has been a bit like watching paint...

By Christine Short | Companies and Markets

November 20, 2023

Fewer S&P 500 Companies Discussing “Recession” on Earnings Calls for 5th Straight Quarter

Given continuing concerns in the market about a possible economic slowdown or recession, did more S&P 500 companies comment on...

By John Butters | Earnings

November 20, 2023

San Juan Basin Full of Private Operators and Pricing Sensitivity

The San Juan basin, located near the Four Corners area, is a basin in which activity was historically driven by larger, public...

By Camille Buckley | Energy

November 17, 2023

Fewer S&P 500 Companies Discussing “Inflation” on Earnings Calls for 5th Straight Quarter

With the year-over-year CPI number falling back to the 3% to 4% level over the past few months, did fewer S&P 500 companies...

By John Butters | Earnings

November 15, 2023

3 Red Flags to Avoid the Snake Oil of ChatGPT Stock Pickers

There’s a popular but dangerous trend spreading even into reputable news sources: Articles about how ChatGPT has been used to...

By Yuri Malitsky | Data Science and AI

November 14, 2023

Playing the Long Game: Comparing VC & Buyouts Across Different Time Horizons

Within private markets, there’s often a focus on core metrics such as internal rates of return, multiples, and public market...

By Colin Devereaux | Companies and Markets

November 13, 2023

Consumer Price Index (CPI) for October 2023 is Projected to Rise 3.3% Year-Over-Year

The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of October 2023 is...

By John Butters | Economics

November 10, 2023

Analysts Expect S&P 500 Earnings Growth to Improve in 1st Half of 2024

For the third quarter, the S&P 500 is reporting (year-over-year) earnings growth of 4.1%. However, for the fourth quarter,...

By John Butters | Earnings

November 9, 2023

Aviation Decarbonization Awaits Engineering Solutions

Industry by industry in transportation, the considerations for decarbonization vary. For example, marine and rail applications...

By Tom Abrams, CFA | ESG

November 8, 2023

Texas Voters Approve Proposition 7 to Create New Texas Energy Fund

Texas voters have officially approved Proposition 7, the Creation of State Energy Fund Amendment.

By Jon Bowman | Energy

November 8, 2023

How We Use AI to Summarize Earnings Call Q&A Discussions

Our clients know that analyst Q&A discussions with management in earnings calls can yield material insights. But who has time to...

By FactSet Insight | Data Science and AI

November 7, 2023

S&P 500 Companies See Largest Negative Price Reaction to Negative EPS Surprises Since 2011

To date, 81% of the companies in the S&P 500 have reported earnings for the third quarter. Of these companies, 82% have reported...

By John Butters | Earnings

November 6, 2023

Largest Cuts to S&P 500 EPS Estimates Over the First Month of a Quarter Since Q2 2020

Given concerns in the market about a possible economic slowdown or recession, have analysts lowered EPS estimates more than...

By John Butters | Earnings

November 3, 2023

S&P 500 Earnings Season Update: November 3, 2023

At the end of the peak weeks of the Q3 earnings season for the S&P 500, both the number of positive earnings surprises and the...

By John Butters | Earnings

November 2, 2023

When Considering Investment Possibilities, Don’t Give Short Shrift to Short-Term Climate Scenarios

It is easy to imagine the predicted impacts of climate change are relevant mostly in the distant future. But when making...

By Pooja Khosla, Ph.D. | ESG

November 1, 2023

Can AI Predict the Future?

What’s behind the view in some pockets that artificial intelligence can make predictions? Can AI predict the future? When people...

By FactSet Insight | Companies and Markets

October 31, 2023

S&P 500 Companies With More International Exposure Reporting An Earnings Decline of -5%

Given the stronger U.S. dollar in recent months, are S&P 500 companies with more international revenue exposure reporting lower...

By John Butters | Earnings

October 30, 2023

U.S. Renewable Sector Sees Weak M&A Activity for Third Straight Quarter

The U.S. renewable sector enjoyed explosive growth in merger and acquisition activity at the end of 2022, but deal activity has...

By Jonathan Crawford | Energy

October 30, 2023

S&P 500 Energy Sector Earnings Update: Q3 2023

The Energy sector is a current focus for the market, as Exxon Mobil and Chevron reported earnings results on October 27. Both...

By John Butters | Earnings

October 27, 2023

S&P 500 Earnings Season Update: October 27, 2023

At the mid-point of the Q3 earnings season for the S&P 500, both the number of positive earnings surprises and the magnitude of...

By John Butters | Earnings

October 27, 2023

Why Crude Stock Levels Are Not Signaling Hope for Oil Bulls

WTI is priced at Cushing, Oklahoma, which is a closely watched storage hub and can be an indicator of where domestic oil prices...

By Mitch Jennings | Energy

October 26, 2023

Climate Risk and Revenue: A Deep Dive into Japan and Hong Kong's Financial Sectors

As the discussions surrounding climate change continue, some institutional investors and asset managers are seeking data to shape...

By Chris Lee | ESG

October 25, 2023

9 Ways to Use Generative Artificial Intelligence Today

As businesses grapple with how to harness the impressive power of generative artificial intelligence, decision makers are asking...

By Lucy Tancredi | Companies and Markets

October 24, 2023

S&P 500 Reporting A Lower Year-Over-Year Net Profit Margin For the 7th Straight Quarter

Given continuing concerns in the market about inflation, what is the S&P 500 reporting for a net profit margin for Q3? The...

By John Butters | Earnings

October 23, 2023

S&P 500 Information Technology Sector Earnings Preview: Q3 2023

The Information Technology sector will be in focus for the market over the next two weeks, as Apple, IBM, Intel, and Microsoft...

By John Butters | Earnings

October 20, 2023

S&P 500 Earnings Season Update: October 20, 2023

At this early stage, the third quarter earnings season for the S&P 500 is off to an average start. Both the number of positive...

By John Butters | Earnings

October 19, 2023

US Mergers & Acquisitions Monthly Review: September 2023

U.S. M&A deal activity decreased in September, going down 12.6% with 1,033 announcements compared to 1,182 in August. However,...

By FactSet Insight | Companies and Markets

October 18, 2023

Propagating Momentum Information Through Global Supply Chain Networks

Using supply chain relationships data, a myriad of unique alpha factors can be generated using combinations of available data and...

By Hiroki Miyahara | Data Science and AI

October 17, 2023

We Gave Our Employees Access to ChatGPT. Here's What Happened.

Generative AI, while powerful, comes with many risks. So, how can you leverage it in a smart way to minimize those risks?

By Zachary Hoover | Data Science and AI

October 17, 2023

“Ring of Fire” Shows Texas Battery Storage Still Eclipsed by Gas as Renewables Backstop

An annular solar eclipse, known as the “Ring of Fire,” blotted out much of the sun on October 14, highlighting insufficient...

By Jonathan Crawford | Energy

October 16, 2023

ExxonMobil and Pioneer Chart New Territory with Mega-Deal

ExxonMobil has agreed to buy Pioneer Natural Resources in an all-stock transaction, making ExxonMobil the largest oil producer in...

By Alejandra Harvey | Energy

October 16, 2023

Read-Throughs From Day 1 of Bank Earnings Season

Investment banking bounce: Debt underwriting revenues showed some strength as issuers adjusted to higher-longer. M&A bounced off...

By Sean Ryan | Companies and Markets

October 16, 2023

Portfolio Stress Testing Amid Middle East Conflict

Given the potential for expanded geopolitical uncertainty in the Middle East, it may be relevant to conduct portfolio stress...

By Kristina Bratanova-Cvetanova | Risk, Performance, and Reporting

October 13, 2023

S&P 500 Will Likely Report Year-Over-Year Earnings Growth for First Time Since Q3 2022

As of today, the S&P 500 is reporting year-over-year earnings growth of 0.4% for the third quarter, which would mark the first...

By John Butters | Earnings

October 12, 2023

More BRICS in the Wall: Analyzing the Effect of Currency Choice on Fund Performance

In light of the recent BRICS summit and the group’s goal of de-dollarization, we explored the effects of currency choice on...

By Edward McCormick | Companies and Markets

October 11, 2023

Consumer Price Index (CPI) for September 2023 is Projected to Rise 3.6% Year-Over-Year

The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of September 2023...

By John Butters | Economics

October 10, 2023

Looking Ahead to Bank Earnings Season

Bank stocks underperform into earnings season: Both the BKX and KRX materially underperformed performed the S&P 500 in the last...

By Sean Ryan | Companies and Markets

October 9, 2023

Should You Consider Expanding Your Standard Portfolio Risk Analyses with Carbon and Climate Data?

Regulatory frameworks for environmental and sustainability factors continue to evolve—particularly in Europe. As a result, some...

By Kristina Bratanova-Cvetanova | Risk, Performance, and Reporting

October 6, 2023

S&P 500 Financials Sector Earnings Preview: Q3 2023

The Financials sector will be a sector in focus for the market during the next two weeks, as more than 40% of the S&P 500...

By John Butters | Earnings

October 6, 2023

September 2023 Carbon Capture Update: New CCUS Projects Announced for Middle East & Africa

So far in 2023, the Middle East & Africa have seen greater growth in CCUS project announcements than any other global region.

By Nick Jones | Energy

October 4, 2023

9 Ways to Use Generative Artificial Intelligence Today

As businesses grapple with how to harness the impressive power of generative artificial intelligence, decision makers are asking...

By Lucy Tancredi | Data Science and AI

October 3, 2023

Infrastructure Underperformance and Potential Growth Drivers

The infrastructure asset class has had a tough period against leading indices since the Covid pandemic began. We look at several...

By Tom Abrams, CFA | Companies and Markets

October 2, 2023

Bank Stocks Outperform Ahead of Earnings

Bank stocks outperform: For both the week and 3Q23 overall, both the BKX and KRX outperformed the S&P 500. Early earnings...

By Sean Ryan | Companies and Markets

September 29, 2023

Record-High Number of S&P 500 Companies Issuing EPS Guidance for Q3 2023

As of today, 116 S&P 500 companies have issued EPS guidance for the third quarter. Of these companies, 74 have issued negative...

By John Butters | Earnings

September 28, 2023

Labor Negotiations Continue, Renewables Share Prices Tumble, and More ESG News This Week

Diversified renewables shares are weaker across North America and Europe this week as higher government bond yields continue to...

By FactSet StreetAccount | ESG

September 27, 2023

Data Strategies to Prepare Portfolios for Volatility

It’s that time of year. The kids are back in school, the summer heat has given way to cool breezes, pumpkin spice is out in full...

By Christine Short | Companies and Markets

September 26, 2023

US Mergers & Acquisitions Monthly Review: August 2023

U.S. M&A deal activity increased in August, going up 7% with 1,136 announcements compared to 1,062 in July. Aggregate M&A...

By FactSet Insight | Companies and Markets

September 25, 2023

Bank Stocks Down, M&A Flat, Credit Costs Rising

• Rough week for bank stocks: While the S&P fell 2.9%, the KBW Bank Index was down 4.6% and the KBW Regional Bank Index dropped...

By Sean Ryan | Companies and Markets

September 22, 2023

Industry Analysts Project 19% Increase in S&P 500 Price Over the Next 12 Months

Since June 30, the price of the S&P 500 has declined by 2.7% (to 4330.83 from 4450.83). Where do industry analysts believe the...

By John Butters | Earnings

September 22, 2023

Massive Electric Vehicle Push in the U.S. Puts Outsized Pressure on Pricing

Automakers in the U.S. are investing billions on a rapid transition to EVs that could see EVs account for one out of every two...

By Jonathan Crawford | Energy

September 21, 2023

NYC Climate Week, TNFD Nature Disclosure Recommendations, Plus More ESG News

Lithium miners are seeing sharp declines this week as spot prices continue to slide from their late-2022 peak (brown line in...

By FactSet StreetAccount | ESG

September 20, 2023

Backtesting Equity Signals to a Fixed Income Universe

The expanding importance and liquidity of fixed-income markets has coincided with more interest in systematic strategies for...

By FactSet Insight | Risk, Performance, and Reporting

September 19, 2023

ERCOT Declares First Emergency Since Winter Storm Uri

El Niño greatly affected Summer 2023 via significantly increased temperatures in the southern United States and impacted numerous...

By Eric Hinojosa | Energy

September 19, 2023

Down and to the Right: Assessing Western Europe Alternatives by Investment Style

After a recent portfolio monitoring client win in Spain, we decided to review Western Europe for this month’s analysis on...

By Colin Devereaux | Companies and Markets

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