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Opinions Karen Firestone, CEO, Aureus Asset Management
S&P Global IncSPGIBUYApr 15, 2026
Stock price when the opinion was issued
As of Jun 15, 2026. Market Open.
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Dividend aristocrat, with 50 consecutive years of increases. Sentiment involves selling anything that isn't AI. But if you're in the markets, you need market data. And that need is only increasing.
If you have the moat of proprietary data, and AI can't get the data, then AI has no value. Yield is 0.93%.
Darren SissonsHe has concerns about AI competition, that it could be disruptive to financial research companies.
Joe TerranovaHas been pressured by AI fears. SPGI says their database is proprietary and protected from AI. Meanwhile, they have a profitable ratings business, enjoying an oligopoly. More M&A activity will help. Sells at a low PE and the selling has been overdone.
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Premium contentStockchaser Michael O'Reilly has been pounding the table on this one for a while and he has a point. PSLV is the next best thing to owning actual silver. This fund holds actual silver held by the Royal Canadian Mint on behalf of the Canadian government. At least half of all silver is used for everything from solar panels, EV batteries and filters for HVACs. Because silver is the best conductor of electricity and heat, it is essential in computers and data centers. Demand for silver won't ease. Also,Sprott has a good reputation in funds and precious metals. However, PSLV is risky. It lives and dies by the price of silver, which has been a rollercoaster lately. This is too volatile for me, but could appeal to traders (not investors) who have the stomach to ride silver up and down. Bear in mind that PSLV charges a 0.57% MER.
Yes, boogeyman-under-the-bed syndrome. Very cheap. Massive purveyor of historical data. No reason to think it won't be able to adopt new technology. Diverse and deep distribution system. Reputation for quality. AI is a tailwind, not a headwind.
Note: His colleague, Christine Poole, owns this in her fund.
John O'Connell, CFA
All its businesses are very profitable, with operating margins in 50% range. Recurring revenue stream from subscriptions. Great businesses, very scalable.
Christine PooleVery high margins, very profitable, recurring revenue. Oligopoly with Moody's. Divisions experiencing good growth. Highly scalable. Well positioned to benefit from increased capital markets activity. Long-term compounder. Yield is 0.7%.
(Analysts’ price target is $601.52)Christine PooleMain business is doing ratings, which is facing a slowdown right now, but starting to see a pickup in capital markets activity. When bonds mature or get renewed, they have to be rated. Also does benchmark indices. Need-to-have information for financial services industry. Very high margins, very scalable, diversified. 70% of revenue is recurring. Acquisition synergies are finally being realized. Yield is 0.83%.
(Analysts’ price target is $490.00)Christine Poole
They've been living under the cloud that software will make their business obsolete, but 90% of SPGI's business is proprietary. They're big on oil market data. SPGI has traded down to 22x PE vs. 27x normally. This current run will continue.