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Goldman Sachs has adjusted its price target on Jabil Inc. to $175 from $179 while maintaining a Buy rating. Jabil specializes in electronic outsourcing services, with net sales primarily derived from engineering solutions (52.2%) and electronic systems production (47.8%), serving various industries including consumer electronics and automotive. Geographically, sales are distributed across the United States (17.5%), Singapore (15.5%), Mexico (20.3%), China (16.7%), and other regions (30%).
IBERDROLA SA, a leading energy producer in Spain and the world's top wind power producer, generates 162,024 GWh of electricity in 2023. Its sales are primarily from electricity and natural gas distribution (52.1%) and transmission (31.8%), with significant contributions from renewable energy (16.1%). Geographically, sales are strongest in Spain (37%), followed by the UK (21.8%) and Brazil (18.2%).
DLocal has partnered with ecommerce platform Temu to enhance payment options in 14 emerging markets across Africa, Asia, and Latin America. This collaboration addresses challenges posed by limited payment options and high unbanked populations, aiming to reduce cart abandonment rates that can exceed 70% in these regions.
Europe's economic outlook remains cautious despite recent fiscal activism, with minimal changes to growth forecasts for 2025. The looming trade war and potential tariffs from the U.S. overshadow any government budget boosts, while rising bond yields may lead to austerity measures that could negatively impact growth. Despite these challenges, the job market and consumer spending show promise, but confidence remains key for sustained recovery.
The "Magnificent Seven," comprising major tech firms like Apple and Microsoft, initially drove stock market growth in 2023-2024. However, following Donald Trump's election, trade policies and economic concerns led to a downturn, rebranding them as the "Evil Seven." Despite recent declines, medium to long-term recovery prospects remain positive, contingent on avoiding a trade war escalation.
US fintech company Tala has secured a $150 million debt facility from Neuberger Berman to enhance its operations in Mexico, where it serves over 3 million clients. The initial financing of $75 million can be increased to $150 million, aimed at expanding services for small-business owners. Tala has issued more than $500 million in loans in Mexico in 2024, with plans for potential regional expansions in the future.
Morgan Stanley is set to lay off approximately 2,000 employees, representing about 2.5% of its workforce, as part of cost-control measures. The cuts will affect most of the 65,000 workers outside the financial advisory group, with selections based on performance and location, while some roles will be eliminated due to AI advancements. Despite these layoffs, the company’s stock has seen a decline of around 6% in 2025, although it has gained over 34% in the past year.
Juan Guerrero, formerly Citi's global head of wealth credit management, has left the bank after 15 years to join Goldman Sachs as a managing director. His departure comes amid ongoing challenges at Citi Wealth, including significant fines and operational errors, as the division attempts to modernize its technology and management practices.
Goldman Sachs predicts the Federal Reserve will refrain from interest rate cuts amid uncertainty surrounding Trump's tariff policies, which are expected to increase inflation. Analysts now foresee two cuts in 2025 and adjustments to GDP and inflation forecasts, emphasizing the Fed's cautious stance in response to economic data and market volatility. Powell is likely to maintain independence from political pressures, waiting for clear signs of economic deterioration before making any moves.
Americans are anticipating higher prices for everyday items, with nearly 40% expecting to spend more on groceries in the coming months. Despite this, consumer sentiment is shifting, as over 40% plan to purchase a new vehicle within the year, and interest in home improvements and major purchases like appliances is on the rise.
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Goldman Sachs lowers Jabil price target while maintaining buy rating
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