Feb. 10 at 4:37 PM
PickAlpha Midday:
S&P Global (SPGI) guided 2026 adjusted EPS to
$19.40–
$19.65 (below Street ~
$19.94), with Q4 adjusted EPS at
$4.30 vs
$4.33 expected. The stock sold off as investors were already in a risk-off mood toward data/software names.
This isn’t just an SPGI one-off miss — it’s landing in an AI-disruption de-rating wave after Anthropic’s recent releases pushed markets to reprice workflow-exposed incumbents across software and information services.
Tickers:
$SPGI $MCO $FDS
Our view is this is a classic double-hit: softer guidance + multiple compression from AI fear. If incumbents can prove their proprietary data remains must-have inputs (not replaceable workflows), this can mean-revert fast; if not, the tape keeps treating them as disruption shorts — if it’s not the S&P 500, it’s a target.
