CFRA Research

𝗔𝗻𝘁𝗵𝗿𝗼𝗽𝗶𝗰’𝘀 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗜𝗣𝗢 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝗮 𝗱𝗲𝗳𝗶𝗻𝗶𝗻𝗴 𝘁𝗲𝘀𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗳𝗿𝗼𝗻𝘁𝗶𝗲𝗿 𝗔𝗜 𝗺𝗮𝗿𝗸𝗲𝘁. 𝗕𝘂𝘁 𝘄𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗿𝗲𝗮𝗹𝗹𝘆 𝘄𝗼𝗿𝘁𝗵? As Anthropic moves toward a potential public debut, investors face critical questions around its growth trajectory, competitive position, valuation, and the policy risks that could shape its future. Join CFRA experts Angelo Zino, CFA, SVP of Equity Research; Janice Quek, VP of Equity Research; and Shawn Chang, Senior TMT Analyst, Washington Analysis, for an in-depth look at the market fundamentals and policy developments investors need to watch. 📅 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟭𝟳, 𝟮𝟬𝟮𝟲 🕚𝟭𝟭:𝟬𝟬 𝗔𝗠 𝗘𝗦𝗧 | 𝟰:𝟬𝟬 𝗣𝗠 𝗚𝗠𝗧 Register now to gain CFRA’s insights into Anthropic’s potential IPO and the investment considerations shaping the future of frontier AI. #CFRA #ArtificialIntelligence #IPO #EquityResearch #AI

The Utilities sector has long been regarded as highly sensitive to Treasury yields. With the 10-year Treasury yield above 5%, rate-adjusted valuations appear stretched, as dividend yields struggle to compete with the risk-free benchmark. Yet valuations have remained surprisingly resilient. This stickiness may reflect a fundamental shift in how the sector is perceived. Surging AI-driven power demand has begun to recast Utilities from an income play into a growth story. PEG ratios offer a growth-adjusted perspective on valuation, one that appears increasingly compelling. We estimate CFRA-covered Utilities could deliver an ~8.1% five-year EPS CAGR as data-center demand pushes earnings expectations higher. At CFRA Research, our thematic research is built to spot shifts like this early: structural changes that reshape a sector before they show up in consensus thinking. Rates still matter, but they no longer tell the whole story. I break this down in my latest thematic research report. Full report: https://lnkd.in/g_Ru36WE #IndependentResearch #DataCenters #EquityResearch #TreasuryYields #Utilities #AI

As the 𝟮𝟬𝟮𝟲 𝗨.𝗦. 𝗺𝗶𝗱𝘁𝗲𝗿𝗺 𝗲𝗹𝗲𝗰𝘁𝗶𝗼𝗻𝘀 approach, investors are watching how potential changes in fiscal, regulatory, and trade policy could shape the outlook for markets and sectors. Join CFRA Research for an expert discussion featuring John Sonsalla and Rob Rains of Washington Analysis, along with Sam Stovall, CFP, and Arun Sundaram, CPA, CFA, of CFRA Research, as they examine the potential implications of the midterms for markets, sectors, and policy. 𝗧𝗵𝗲 𝗱𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻 𝘄𝗶𝗹𝗹 𝗲𝘅𝗽𝗹𝗼𝗿𝗲: • Congressional and state election outlooks and key policy developments • Potential impacts on markets, sectors, and industries • Market trends, sector momentum, and investment opportunities 📅 𝗧𝘂𝗲𝘀𝗱𝗮𝘆, 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟭𝟯, 𝟮𝟬𝟮𝟲 🕚 𝟭𝟭:𝟬𝟬 𝗔𝗠 𝗘𝗗𝗧 | 𝟰:𝟬𝟬 𝗣𝗠 𝗕𝗦𝗧 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗲𝘃𝗲𝗻𝘁 → https://lnkd.in/gyfcya8s #CFRAResearch #Midterms2026 #MarketImplications #SectorAnalysis #InvestmentResearch

📣 Explore the 2027 Energy Sector Outlook with CFRA Research. 📣 Join equity analysts Stewart Glickman, CFA and Arun Sundaram, CPA, CFA for a webinar examining the key dynamics shaping the energy sector for heading into 2027. Thursday, September 17 11:00 AM EDT/4:00 PM BST 👉 Register here: https://lnkd.in/eRJe6UXC Topics include: ✅ Two Bears and a Bull: Three scenario analyses for 2027 crude oil prices ✅ Strait of Hormuz: current risks and implications for supply ✅ China import trends and demand outlook ✅ Permian Basin natural gas: supply/cost dynamics and the path to price recovery ✅ CFRA's current sector weighting ✅ Favorite and least-favored sub-industries within energy

📢 New research: The AI Economy — A Sector-by-Sector Assessment. CFRA Research analysts assessed #AI's impact across all 11 GICS sectors — labor displacement, cost savings, and revenue opportunities. Today's clearest beneficiaries: #InformationTechnology, #Industrials, #Utilities, #RealEstate, and #Materials — though the market is increasingly pricing this in. The bigger underappreciated opportunity: #ConsumerDiscretionary, #ConsumerStaples, #CommunicationServices, #HealthCare, #Financials, and #Energy, where AI is being embedded into core operations. 🔗 Download the full report: https://lnkd.in/etBc-FNE

🚀How do you value a company that spans rockets, satellite broadband, and AI? With SpaceX's IPO on the horizon, that question matters more than ever. On June 10, CFRA's Stewart Glickman, CFA and Keith Snyder will unpack the new economics of the launch industry — from reusable rocket savings to Starlink's margins to the xAI wildcard. CFRA's independent research cuts through the noise so you can focus on what matters. 📅 Wednesday, June 10 | 11:00 AM EDT | 4:00 PM BST 👉 Register here: https://lnkd.in/ePyiaGNQ #SpaceX #Starlink #IPO #EquityResearch #CFRA #Aerospace