To The Moon

$S&P Global(SPGI)$ S&P Global reports its first quarter since completing the separation of Mobility Global on July 1. The results should provide a cleaner view of a business concentrated around credit ratings, market data, commodity information and financial indexes.

Before the separation, S&P Global generated first-quarter revenue of $4.17 billion, up 10% year over year. GAAP earnings increased 32% to $4.69 per share, while adjusted earnings rose 14% to $4.97. S&P Global’s earnings release filed with the SEC provides the figures.

Ratings revenue benefited from debt issuance. When companies refinance debt, fund acquisitions or extend maturities, they often pay S&P to assess creditworthiness. This creates attractive margins but makes part of the business sensitive to interest rates and capital-market activity.

Market Intelligence, commodity benchmarks and index licensing provide the recurring counterweight. Customers rely on data, workflow tools and benchmarks regardless of whether new debt issuance is strong. Assets tracking S&P Dow Jones indexes can also increase fee revenue as markets appreciate or more money enters indexed products.

The Mobility separation, completed July 1 rather than during the second quarter, complicates direct year-over-year comparisons. S&P Global has therefore published recast historical results excluding the former division. The company’s post-separation earnings page provides those comparable figures, while its July 1 announcement confirms the transaction date.

The bullish case is a simpler, higher-margin information-services portfolio with significant recurring revenue. The bearish risks include weaker bond issuance, slower subscription growth, competition from Bloomberg and other data providers, and customers reducing information spending.

S&P Global advanced 3.1% to $439.83 on July 27 and closed close to its $442.98 high. That is constructive pre-earnings momentum.

SPGI Weekly Chart

SPGI’s weekly chart is approaching a major decision zone after rebounding strongly from the $360–$385 demand area and returning to the former support-turned-resistance band around $445–$460. This zone also converges with the long-term descending trendline, making it a significant barrier; the recent rejection from roughly $455 shows that sellers remain active, so the stock is not yet a confirmed bullish entry.

A decisive weekly close above $460, ideally followed by a successful retest, would signal a potential trend reversal and could open a recovery toward $480–$500, followed by the prior highs around $520–$540. The cleaner options trade would be a 90–120 DTE $460/$500 call debit spread, entered only after breakout confirmation, which limits premium and time-decay risk compared with buying a naked call. A weekly close back below approximately $430 would weaken the rebound and increase the risk of a return toward $400, with $360–$385 remaining the major lower support zone.

$S&P Global(SPGI)$ scheduled its second-quarter release for 7:15 a.m. Eastern Time on July 28.

The evidence leans moderately bullish because ratings, data and indexes form a high-quality portfolio with substantial recurring revenue. The view would be invalidated by sharply weaker issuance, slowing subscriptions, margin contraction or post-spinoff guidance below the recast expectations. This is personal opinion for education and is not financial advice.

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Disclaimer: This article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. The views expressed are personal opinions based on publicly available information and are subject to change without notice. Investors should conduct their own research and consider their financial situation, risk tolerance, and investment objectives before making any investment decisions. I do not guarantee the accuracy or completeness of the information presented.