$SPGI

SPGI's potential Capital IQ Pro spin-off is strategically sound, shifting focus to high-margin data ownership over UI competition.

Bullish
“Something Has Gone Terribly Wrong”
Joseph Carlson After HoursPublished Sep 3 · 3 passages

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3 passages

There are rumors that S&P Global may sell Capital IQ. As a major shareholder of S&P Global, what does that mean?

They say that S&P Global is considering spinning off its flagship data and research platform, Capital IQ Pro, in a move that could create a multi-billion dollar standalone company.

Well, nothing is certain here, but this would be a big move for S&P Global, and I think it's already justified.

For example, if we look at what Capital IQ Pro actually is, it is a desktop application that is primarily a user interface for interacting with all of S&P Global's data. S&P Global will retain the data, and all of its own data, and will sell this desktop application and user interface.

One way to look at it is that S&P Global doesn't want to be like Spotify, it wants to be like the music production companies. They want to be the ones who own the actual data. They don't really care about the user interface or how people view or consume data.

They are not really interested in getting into conflicts with other user interfaces. Capital IQ Pro has little of the data it collects itself and contains that is proprietary, but the vast majority of the platform's data comes from S&P Global.

Therefore, S&P Global will retain its market intelligence business and its own data, but will simply get rid of this front. I think this makes sense and is consistent with S&P Global's previous moves.

S&P Global has increasingly made it clear that it wants to be neutral towards user interfaces. They simply want to be a data and metrics company. S&P Global prefers to host and profit from a huge data repository, which you can find any way you want.

You can use "ChatGBT", "Cloud", or any other type of extension you want, or other interfaces, or even use "Capital IQ". They don't care how you access their data as long as you use their data.

S&P Global is moving towards higher-margin data businesses, which I believe are less competitive than the battle of user interfaces that they have to sell to the end user. Even if they spin off Capital IQ, S&P Global is likely to remain a huge customer of the platform.

So overall, I think this is a good move and in line with their strategy.

What this channel has said about $SPGI

Joseph Carlson After Hours has 3 calls on this stock; only the adjacent ones are shown.

2026-09-28Bullish
Now, next we get to S&P Global. This is actually one of the ones that I think is a buy today. S&P Global is down big this year, primarily off of concerns of the SAS apocalypse, anthropic, all these things that make data easier to get. And I believe a lot of this is short-sighted. S&P Global now trades at a 21 Ford PE, giving you downside protection. Yes, a stock can always go lower, but it's difficult when the stock is trading at a a low valuation already with really good economics. We have other indicators. For example, the ETF assets under management continues to grow. This is in trillions. So they had $3 trillion in assets under management linked to their ETFs. Now they have 6 trillion. So more and more assets are getting linked to different Dow Jones indicy ETFs. There is concern that S&P Global will do poorly because when interest rates go up, less debt is taken out, but that's temporary. Companies have to issue debt. They have to renew it. Otherwise, they're going to just pay off all their debt. That's not going to happen. So in any case, I believe S&P Global is a buy today.
Quote at 14:56 ›
2026-09-03BullishThis one
There are rumors that S&P Global may sell Capital IQ. As a major shareholder of S&P Global, what does that mean?
2026-08-24Bullish
Next up, we get to S&P Global. It's my fifth largest position. We're at $127,000 total size, $20,000 in gains. It's about 8.5% of the portfolio. My buyin target for S&B Global, if it's going to get this additional $10,000, is $350. Now, looking at the chart here, S&B Global has not traded down below 350 this entire year. So, it seems unlikely. Maybe it won't hit this buy in target, and that's fine. We want to be disciplined with this new money. The last time the S&P Global traded below 350 was back in late 2023. So, I believe it's unlikely for it to hit this target, but I think there's still a chance. And again, we're looking for really good buys here. We're not just looking for modest dips. I want this additional $10,000 to be a very high returning $10,000.
Quote at 12:04 ›
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