By Contributor,Silas Stein,Trefis Team
Copyright forbes
S&P Global (SPGI) stock has entered day 5 of a consecutive losing streak, resulting in a total decline of -9.8% during this timeframe. The decline follows a weak set of earnings from rival FactSet, which set off concerns over a slowdown in client spending and mounting competition in the financial information and analytics space.
Over the past 5 days, the firm has experienced a decrease of approximately $15 Bil in value, leading to a current market capitalization of around $150 Bil. The stock is currently 0.9% lower than its value at the conclusion of 2024. In contrast, the S&P 500 has posted year-to-date returns of 12.9%.
13 June 2022, Baden-Wuerttemberg, Rottweil: The logo of the American S&P 500 Index can be seen on the monitor of a computer in an office. Photo: Silas Stein/ (Photo by Silas Stein/picture alliance via Getty Images)
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SPGI is engaged in providing credit ratings, benchmarks, analytics, and workflow solutions across the global capital, commodity, and automotive markets to enhance business and technical decision-making. Does this decline signal a cautionary tale or an opportunity for recovery? Dive deeper with Buy or Sell SPGI.
Comparing SPGI Stock Returns With The S&P 500
The table below illustrates the returns for SPGI stock in comparison to the S&P 500 index over various timeframes, including the ongoing streak:
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What is the point? Ongoing weakness may represent more than just noise. It frequently indicates changing sentiment or deeper issues. A streak of several days with losses could signify potential further declines, or it may present a buying opportunity if the underlying fundamentals remain strong. Reflect on historical data to determine whether previous declines like this were moments to buy or traps: SPGI Dip Buyer Analysis.
Gains and Losses Streaks: S&P 500 Constituents
Currently, there are 62 S&P constituents experiencing 3 or more consecutive days of gains, while 64 constituents have recorded 3 or more consecutive days of losses.
Key Financials for S&P Global (SPGI)
The current losing streak of SPGI stock fails to instill much confidence among investors. Conversely, the Trefis High Quality (HQ) Portfolio, comprising 30 stocks, has a history of comfortably outperforming its benchmark, which includes all three indices – the S&P 500, S&P mid-cap, and Russell 2000. What is the reason? As a collective, HQ Portfolio stocks have delivered superior returns with reduced risk compared to the benchmark index; they provide a smoother investment experience, as demonstrated in HQ Portfolio performance metrics.
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