Latest news for Knorr-Bremse (OTC:KNBHF) Stock

Knorr-Bremse AG is engaged in the development, production, marketing, and servicing of Automotive parts. It operates its business activities in two divisions: Rail Vehicle Systems and Commercial Vehicle Systems. Its product portfolio comprises Braking, entrance, and HVAC systems; power electric and control technology; digital solutions; couplers; signal systems; pneumatic braking systems; energy supply and distribution systems; wiper and wash systems; and others. Its geographical segments are Europe/Africa, North America, South America, and Asia-Pacific.

Knorr-Bremse AG

Price pressures on U.S. producers jumped unexpectedly in September, mirroring a similar trend observed in consumer inflation data <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41270761/september-inflation-hotter-than-expected-jobless-claims-spike-the-most-in-over-a-">reported a day earlier.</a>
The Producer Price Index (PPI) rose more sharply than anticipated in September, and the August reading was upwardly revised. Core producer prices — excluding energy and food — also climbed more than forecasted.
Prior to the release of the PPI report, traders had assigned a nearly 85% chance of a 25-basis-point interest rate cut in November.
<h3 class="wp-block-heading">September Producer Price Index Report: Key Highlights</h3>
<ul>
<li>Headline PPI for final demand rose by 1.8% year-over-year in September, down from an upwardly revised 1.9% in August. This outcome was slightly above economist expectations of 1.6%, as tracked by TradingEconomics.</li>
<li>On a monthly basis, PPI flattened, decelerating from August&#8217;s reading and coming in below the forecasted 0.1% increase.</li>
<li>Food costs soared by 1% month-over-month, recording the largest increase since February. </li>
<li>A significant factor in the September rise in prices for final demand services was a 3% increase in the index for deposit services.</li>
<li>Other contributing indexes included machinery and vehicle wholesaling, furniture retailing, software publishing for desktop and portable devices, apparel wholesaling, and airline passenger services, all of which saw gains</li>
<li>Core PPI soared to 2.8% year-over-year in September, up from August&#8217;s 2.4% and slightly above market expectations of 2.7%.</li>
<li>On a month-over-month basis, core PPI rose 0.2%, down from August&#8217;s 0.2% pace and matching forecasts.</li>
</ul>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>PPI Metrics</th>
<th>September 2024</th>
<th>August 2024</th>
<th>Econ. consensus</th>
</tr>
</thead>
<tbody>
<tr>
<td>Headline PPI (YoY)</td>
<td>1.8%</td>
<td>1.9% (upwardly revised from 1.7%)</td>
<td>1.6%</td>
</tr>
<tr>
<td>Headline PPI (MoM)</td>
<td>0.0%</td>
<td>0.2%</td>
<td>0.1%</td>
</tr>
<tr>
<td>Core PPI (YoY)</td>
<td>2.8%</td>
<td>2.4%</td>
<td>2.7%</td>
</tr>
<tr>
<td>Core PPI (MoM)</td>
<td>0.2%</td>
<td>0.3%</td>
<td>0.2%</td>
</tr>
</tbody>
</table>
</figure>
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Photo via Shutterstock.

Macro Economic Events

Econ #s

Economics

Producer Inflation Rises More Than Expected In September As Food, Transportation Costs Rise

Mizuho analyst Vijay Rakesh downgrades Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) from Outperform to Neutral and lowers the price target from $30 to $13.

News

Downgrades

Price Target

Analyst Ratings

MBLY

Mizuho Downgrades Mobileye Global to Neutral, Lowers Price Target to $13

Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) currently offers an annual dividend yield of 2.6%. That&#8217;s a quarterly dividend amount of 26 cents per share ($1.04 a year).
To earn $500 monthly from the Charlotte, North Carolina-based firm, start with a yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Bank of America's $1.04 dividend: $6,000 / $1.04 = 5,769 shares
So, an investor would need to own approximately $230,587 worth of Bank of America, or 5,769 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $1.04 = 1,154 shares, or $46,125 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
Price Action: Shares of Bank of America fell by 0.6% to close at $39.97 on Thursday.
The firm will release earnings results for its third quarter before the <a href="https://www.benzinga.com/quote/BAC/earnings">opening bell on Tuesday, Oct. 15,</a>
Analysts expect Bank of America to report quarterly earnings at 77 cents per share. That&#8217;s down from 90 cents per share in the year-ago period. 
Bank of America projects to report revenue of $25.29 billion for the recent quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Oct. 9, RBC Capital analyst Gerard Cassidy reiterated Bank of America with an Outperform and maintained a $46 price target.
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</div>
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Image: Shutterstock

Earnings

Long Ideas

Markets

Trading Ideas

How To Earn $500 A Month From Bank of America Stock Ahead Of Q3 Earnings

- Airborne Response Crews Are Working to Support Power Restoration to an Estimated 2.4 Million Floridians -
- New Municipal Public Utility Customer Taps Airborne Response for Drone-Based Damage Assessment Amidst Ongoing Recovery from Hurricane Helene and Hurricane Milton -
AVENTURA, FL / ACCESSWIRE / October 11, 2024 / Safe Pro Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPAI#NASDAQ">SPAI</a>) ("Safe Pro" or the "Company"), a leading provider of artificial intelligence (AI) solutions specializing in aerial imagery processing, today announced that its Mission Critical Unmanned Solutions&#xAE; subsidiary, <a href="https://pr.report/3fqv">Airborne Response</a> (Airborne), has deployed its uncrewed aircraft systems (UAS) teams in support of new and existing customers as part of the massive recovery efforts now being conducted in Florida following Hurricane Milton, a large Category 3 storm which made landfall on Wednesday.
<a href="https://pr.report/3fqw">According to Poweroutage.us, approximately 2.4 million people in Florida</a> are without power as a result of Hurricane Milton. Airborne's <a href="https://pr.report/3fqx">flight crews are already actively supporting the state's largest power utility under contract, assisting restoration efforts in response to storm damage</a> and it was recently awarded a new emergency services contract by Florida's second largest municipal utility operator to provide personnel, equipment and assistance in response to disaster events such as hurricanes. Airbornes' drone teams are now deployed across multiple Florida counties supporting its power utility clients as well as other <a href="https://pr.report/3fqy">customers including Citizens Property Insurance</a> who is utilizing its services to rapidly assess property damage claims.

SPAI

Safe Pro's Airborne Response Emergency Drone Flight Crews Deployed By Multiple Florida Enterprise Customers In Massive Hurricane Milton Recovery Effort

As of Oct. 11, 2024, two stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>)</h3>
<ul>
<li>Uber will hold its quarterly conference call to discuss its third quarter financial results on Thursday, Oct. 31. The company's stock gained around 11% over the past month and has a <a href="https://www.benzinga.com/quote/UBER">52-week high of $82.14</a>.</li>
<li>RSI Value: 72.91&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>UBER Price Action: Shares of Uber closed at $77.92 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">SkyWest Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>)</h3>
<ul>
<li>SkyWest will host a live conference call and webcast after the closing bell on Thursday, Oct. 31 to discuss third quarter 2024 results. The company's stock gained around 19% over the past month and <a href="https://www.benzinga.com/quote/SKYW">has a 52-week high</a> of $88.89.</li>
<li>RSI Value: 74.68</li>
<li>SKYW Price Action: Shares of SkyWest rose 1.5% to close at $88.68 on Thursday.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41286575/s-p-pulls-back-from-record-high-as-inflation-data-dents-investor-optimism-fear-index-remains-in-gre">S&amp;P Pulls Back From Record High As Inflation Data Dents Investor Optimism: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Short Ideas

Pre-Market Outlook

SKYW

UBER

Top 2 Industrials Stocks That May Crash In Q4

Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) shares are trading higher after the company reported better-than-expected <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41288413/fastenal-company-reports-2024-third-quarter-earnings" rel="noreferrer noopener">third-quarter results</a>.
Fastenal reported sales growth of 3.5% year-over-year to $1.910 billion, beating the consensus of $1.908 billion. Unit sales increased in the quarter due to growth from larger customers, new Onsite locations, and an extra selling day, despite minor disruptions from Hurricane Helene and stable pricing.
Weighted FASTBin/FASTVend signings (MEUs) rose 22% Y/Y to 7,281; Weighted FASTBin/FASTVend installations rose 11.8% Y/Y.
In the third quarter, FAST&#8217;s Digital Footprint represented 61.1% of sales, an increase from 57.1% a year ago.
The gross margin contracted to 44.9% from 45.9%, primarily due to unfavorable customer and product mix, higher import duties, lack of a prior year&#8217;s shipper rebate, and lower supplier rebates.
Operating income was $388.1 million (+0.4% Y/Y), and the margin was 20.3%, a decline from 21.0% in the same quarter of 2023.
Related: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41274116/fastenal-gears-up-for-q3-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate" rel="noreferrer noopener">Fastenal Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
The company&#8217;s third-quarter EPS was $0.52, <a href="https://www.benzinga.com/earnings">above the estimate of $0.51.</a>
Fastenal&#8217;s operating cash flow for the quarter was $296.9 million, a decrease of 23.5% year over year. This represented 99.6% of the period&#8217;s net income versus 131.3% in the third quarter of 2023.
The company held cash and equivalents of $291.2 million as of September-end.
The company did not repurchase any common stock in the first nine months of 2024 or 2023.
Total debt decreased to $240.0 million (6.3% of total capital) at the end of the quarter from $260 million a year ago.
The company signed 93 new Onsite locations in the third quarter, resulting in 302 year-to-date signings. Active Onsite locations rose 11.7% to 1,986.
Outlook: For 2024, Fastenal&#8217;s goal for Onsite signings remains between 375 to 400, although the lower half of this range seems most likely given the pace of signings through the&nbsp;third quarter.
Price Action: FAST shares are trading higher by 4.44% at $73.10 premarket at the last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41288470/wall-street-on-backfoot-as-ppi-print-jpmorgan-earnings-loom-this-strategist-expects-positive-market" target="_blank" rel="noreferrer noopener">Wall Street On Backfoot As PPI Print, JPMorgan Earnings Loom: This Strategist Expects Positive Market Performance, But With Muted Returns</a></li>
</ul>

Equities

Movers

FAST

Fastenal Q3 Earnings: Revenue And EPS Beat, Sets Cautious Tone On 2024 Outlook

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Friday.
Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell sharply in today's pre-market trading on brokerage firm Robinhood after the company's robotaxi unveiling event late on Thursday <a href="https://www.benzinga.com/news/24/10/41285210/tesla-stock-falls-nearly-3-in-overnight-trading-on-robinhood-after-self-driving-cybercab-unveil">failed to give investors' confidence</a>.
Tesla on Thursday unveiled a two-seater Cybercab that can drive itself and a robovan with no pedals that can accommodate about 20 passengers at an event in Los Angeles on Thursday. The event, however, was thin on details with the company not divulging the cost of the robovan. Musk also said that the smaller Cybercab will join the company's autonomous taxi fleet only by 2026. The CEO further remarked that he is often optimistic about timelines, hinting at chances of delay.
Tesla shares fell 5.6% to $225.35 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Lilium N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LILM#NASDAQ">LILM</a>) shares fell 10.6% to $0.66 in pre-market trading after dipping 5% on Thursday.</li>
<li>Hesai Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) shares declined 9.9% to $4.83 in pre-market trading.</li>
<li>A. O. Smith Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) declined 9.4% to $78.16 in pre-market trading after the company lowered its FY24 earnings forecast.</li>
<li>Nyxoah S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NYXH#NASDAQ">NYXH</a>) shares fell 8.3% to $8.71 in pre-market trading.</li>
<li>Indivior PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INDV#NYSE">INDV</a>) fell 7.3% to $7.40 in pre-market trading. Indivior shares dipped over 15% on Thursday after the company reported preliminary third-quarter revenue guidance and cut its FY24 net revenue guidance below estimates.</li>
<li>Innventure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INV#NASDAQ">INV</a>) shares dipped 7.3% to $10.60 after gaining around 8% on Thursday.</li>
<li>UP Fintech Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) fell 5.7% to $7.65 in pre-market trading.</li>
</ul>
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</ul>

HSAI

INDV

LILM

NYXH

TIGR

TSLA

Tesla, A. O. Smith And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Wells Fargo analyst Andrew Bauch upgrades Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) from Equal-Weight to Overweight and raises the price target from $40 to $52.

Upgrades

AFRM

Wells Fargo Upgrades Affirm Holdings to Overweight, Raises Price Target to $52

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/594d093f988ca8000150db58/jeffrey-wlodarczak">Pivotal Research analyst Jeffrey Wlodarczak</a> initiated coverage on Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a Buy rating and announced a price target of $260. Amazon shares gained 0.8% to close at $186.65 on Thursday. <a href="https://www.benzinga.com/quote/AMZN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Scotiabank analyst Nat Schindler initiated coverage on Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) with a Sector Outperform rating and announced a price target of $212. Alphabet shares rose 0.1% to close at $163.18 on Thursday. <a href="https://www.benzinga.com/quote/GOOG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group analyst Mark Mahaney initiated coverage on Cardlytics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDLX#NASDAQ">CDLX</a>) with an In-Line rating and announced a price target of $4. Cardlytics shares fell 1.2% to close at $3.22 on Thursday. <a href="https://www.benzinga.com/quote/CDLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Redburn Atlantic analyst Gonzalo Lopez initiated coverage on MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) with a Buy rating and announced a price target of $2800. MercadoLibre shares fell 0.4% to close at $2,040.50 on Thursday. <a href="https://www.benzinga.com/quote/MELI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Roger Song initiated coverage on Nurix Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIX#NASDAQ">NRIX</a>) with a Buy rating and announced a price target of $41. Nurix Therapeutics fell 0.6% to settle at $21.86 on Thursday. <a href="https://www.benzinga.com/quote/NRIX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying AMZN stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="498" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11083850/image-87-1024x498.png" alt="" class="wp-image-591254" style="width:590px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11083850/image-87-1024x498.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11083850/image-87-300x146.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11083850/image-87-768x374.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11083850/image-87.png 1336w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41286575/s-p-pulls-back-from-record-high-as-inflation-data-dents-investor-optimism-fear-index-remains-in-gre">S&amp;P Pulls Back From Record High As Inflation Data Dents Investor Optimism: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Initiation

AMZN

CDLX

GOOG

MELI

NRIX

This Amazon Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday

Morgan Stanley analyst Benjamin Swinburne maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Overweight and raises the price target from $29 to $35.

Morgan Stanley Maintains Overweight on Cinemark Hldgs, Raises Price Target to $35

TSLA: -7% &#x7C; T<a href="https://www.benzinga.com//node/41284847">esla Unveils 2-Seater Cybercab That Drives Itself, Price Expected To Be Under $30K: Also Shows Off 20-Seater Robovan To Rival Uber Shuttle</a>
&nbsp;
AGBA: 34% &#x7C; <a href="https://www.benzinga.com//node/41288541">AGBA, Triller Expect Merger To Close On October 14, 2024 Subject To Final Nasdaq Approval</a>
&nbsp;
FAST: 5% &#x7C; <a href="https://www.benzinga.com//node/41289361">Fastenal shares are trading higher after the company reported better-than-expected Q3 financial results.</a>

AGBA

Market-Moving News for October 11th

Morgan Stanley analyst Brian Harbour maintains Domino's Pizza (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) with a Overweight and lowers the price target from $520 to $510.

Morgan Stanley Maintains Overweight on Domino's Pizza, Lowers Price Target to $510

JP Morgan CFO Says M&A Regulatory Environment And Geopolitical Situation Are Continued Sources Of Uncertainty

Morgan Stanley analyst Hamza Fodderwala maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Overweight and raises the price target from $390 to $421.

PANW

Morgan Stanley Maintains Overweight on Palo Alto Networks, Raises Price Target to $421

Morgan Stanley analyst Erin Wright maintains Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) with a Underweight and lowers the price target from $9 to $7.

Morgan Stanley Maintains Underweight on Walgreens Boots Alliance, Lowers Price Target to $7

Citizens Financial Group Changes Date And Time Of Q2 2025 Conference To 10:00 am on July 17, 2025.

Morgan Stanley analyst Stephen Grambling maintains Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) with a Overweight and raises the price target from $104 to $112.

WYNN

Morgan Stanley Maintains Overweight on Wynn Resorts, Raises Price Target to $112

JPMorgan's Arun Jayaram just initiated coverage of ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) with a Neutral rating and a price target of $126, down from the <a href="https://www.benzinga.com/markets/commodities">previous target of $139</a>. 
The change reflects Jayaram's cautious outlook on oil fundamentals as a host of geopolitical and market uncertainties loom, but there's no denying ConocoPhillips' defensive prowess, as the company prepares for potential upside surprises.
While oil prices face potential downside pressure — due to factors like the Israel-Iran conflict, the U.S. election, and the OPEC+ wild card — ConocoPhillips' portfolio has a unique strength.
The energy giant pairs solid defense (low sustaining capital requirements and strong balance sheet) with the ability to go on offense, ready to cash in if oil prices swing higher. 
Jayaram sees the pending merger with Marathon Oil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) as a factor that slightly increases ConocoPhillips&#8217; oil beta but also boosts its capacity for growth.
<h2 class="wp-block-heading">Cash Is King, And COP Knows It</h2>
ConocoPhillips is putting its cash where its strategy is, targeting a whopping $9 billion in cash returns in 2024, with $5 billion of that earmarked for buybacks. 
But here's the kicker—after the Marathon Oil merger, those returns could swell to $11 billion in 2025, contingent on commodity prices playing nice. 
Even in a cautious scenario, Jayaram expects ConocoPhillips to shell out $9-10 billion in total cash returns to shareholders over the next two years, which would represent nearly half of its forecasted operating cash flow (CFO).
Read Also: <a href="https://www.benzinga.com/news/24/10/41143156/oil-prices-spike-energy-stocks-jump-after-irans-missile-attack-on-israel-what-investors-need-to-know">Oil Prices Spike, Energy Stocks Jump After Iran&#8217;s Missile Attack On Israel: What Investors Need To Know</a>
<h2 class="wp-block-heading">Can Long-Cycle Investments Fuel Long-Term Growth?</h2>
ConocoPhillips&#8217; commitment to long-cycle projects, including the massive Willow and Port Arthur developments, is a key piece of its strategy. 
Jayaram's long-term model through 2032 suggests these investments will yield strong free cash flow (FCF) and production growth, with ConocoPhillips&#8217; adjusted production forecast to grow by 4% annually to 3.1 million barrels of oil equivalent per day by 2032. 
With cumulative FCF potentially reaching $99 billion by 2032, ConocoPhillips&#8217; long-term prospects look solid—even if near-term uncertainty persists.
<h2 class="wp-block-heading">Core E&amp;P Stock With A Conservative Outlook</h2>
Despite its &#8216;Neutral&#8217; rating, JPMorgan views ConocoPhillips as a core holding in the E&amp;P sector, thanks to its robust portfolio and shareholder-friendly cash return framework. 
Jayaram highlights ConocoPhillips&#8217; ability to navigate macro uncertainties with strength while offering investors attractive cash returns, with expected yields of 7% in 2025-26. However, with oil prices facing potential volatility, the path ahead for ConocoPhillips remains cautious but prepared for opportunity.
Read Next: 
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41191633/us-energy-stocks-notch-biggest-weekly-gains-in-2-years-exxon-hits-record-highs-as">US Energy Stocks Notch Biggest Weekly Gains In 2 Years, Exxon Hits Record Highs As Crude Surges To $75 On Israel-Iran Jitters</a></li>
</ul>
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