How Joseph Carlson After Hours’s view on $SPGI changed

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2026-09-28Bullish
“Google Has Fallen Behind”
SPGI is a buy; low valuation (21x PE) offers protection, ETF AUM growth ($3T to $6T) supports fundamentals, and rate-driven debt concerns are temporary.

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.

2026-09-03Bullish
“Something Has Gone Terribly Wrong”
SPGI's potential Capital IQ Pro spin-off is strategically sound, shifting focus to high-margin data ownership over UI competition.

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.

2026-08-24Bullish
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