S&P Global Surges 3.18% on Earnings Beat Outpaces Peers with $960M Trading Volume

S&P Global (SPGI) surged 3.18% on August 4, 2025, with a trading volume of $0.96 billion, outperforming its sector. The stock reached a 52-week high following a strong Q2 earnings report, where adjusted EPS of $4.43 exceeded estimates by 10%. The company raised its full-year adjusted EPS guidance to $17.00–$17.25, surpassing the consensus of $16.962. Analysts from BMO, Wells Fargo, and Morgan Stanley upgraded price targets, with implied upside ranging from 12.8% to 21%, reflecting confidence in sustained demand for its data and analytics services.

Positive momentum was driven by institutional and retail demand, with SPGI outpacing peers like Moody’s and ICE. Technical indicators, including a 200-day MA of $508.04 and a RSI of 61.23, signaled bullish short-term positioning. The stock’s rally aligned with broader sector strength, as financial data providers benefited from renewed interest in market infrastructure amid expectations of Fed rate cuts. Management changes, such as Bill Eager’s appointment to lead S&P Global Mobility, added to strategic clarity but had limited immediate impact on equity valuations.

A backtest of SPGI’s performance after a 3% intraday surge revealed mixed results: a 0.00% win rate over three days (-1.00% return) and a 0.00% win rate over 10 days (-10.59% return). While the 52-week high was briefly reached, the stock underperformed in the following weeks, highlighting the risks of chasing momentum in volatile environments. Despite this, SPGI’s earnings-driven optimism and analyst upgrades suggest continued near-term resilience.