Macro to Micro: 42 MACRO and the S&P 500 Correlation Regime Shift

Prepared by Dr. Yuki Tanaka, FRM, Head of Quantitative Research | Reviewed by James Wilson, Lead Editor | Report ID: IGEMINI-2E3752D1-20260531 | Data as of 2026-05-31

Executive Summary: Our multi-factor model assigns 42 macro a Bullish outlook for the next quarter. Key drivers include a P/E of 66.73x, 38.2% revenue expansion, and an RSI of 63 suggesting a neutral-bullish phase. We define critical support at $1834.2 and resistance at $2241.8.

Rating: Overweight | Target Price: $2445.6 | Next Earnings: Jun 24

Download Full PDF Report

Technical Assessment

Ichimoku Cloud flipped bullish with the lagging span breaking above, confirming trend shift.

Price action carved a Bull Flag, confirmed by a 0.64x volume spike on May 01, 2026. The support at $2241.8 was tested.

Fundamental Assessment

Free cash flow conversion remains robust at 67%, supporting the 4.11% dividend and buybacks.

EPS of $30.54 reveals above-sector earnings quality. DuPont analysis highlights margin expansion as the key ROE driver.

Relative to Consumer Cyclical peers, 42 macro sits at the 60th percentile in valuation, offering a potential value opportunity.

Sentiment & Flow Assessment

Beta of 0.64 suggests 42 macro is {beta_desc} volatile than the market, influencing hedging strategies.

Dark pool prints show a 24%% surge in block trades, indicating institutional accumulation before Jun 24 earnings.

Data Snapshot

MetricValueSector Avg
Last Price$2038$1936.1
Market Cap$6.28B$5.02B
P/E Ratio66.73x56.7x
EPS (TTM)$30.54$27.49
Dividend Yield4.11%2.9%
Revenue Growth38.2%22.9%
Target Price$2445.6-
Beta0.641.00

Conclusion & Rating

Based on converging technical and fundamental signals, we rate 42 macro as **Overweight** with a 5-month target of $2445.6. A stop-loss at $1874.96 is advised. The next earnings report on Jun 24 could serve as a catalyst.

fidelity growth etf cwbr stock founders equity calculator 100 usd to uah franklin templeton mutual funds real estate investing education gold apot price when to cash in savings bonds thematic funds list blue chip stocks list pick up pools net worth equity capital market do 401k distributions count as income portfolio return formula morningstar ratings fruit stock tod meaning in banking hungarian money to usd 5000 baht investment capital definition hcl tech share thred up stock private investment fund ghyix lawr stock enwave stock lowes 401k match anagram capital brazilian money to usd exas earnings vti vs voo returns stock monkey kmb dividend history devon energy stock price today what percent of net income should go to mortgage gearing ratio formula net worth of michael jordan how much money is a pound regulated forex brokers in usa bsv etf vanguard 2020 fund nuclear energy mutual funds keebeck wealth management qbits stock spxfp seadrill stock gvip stock multi employer 401k plan platinum spot eurjpy news m&a valuation methods ticker meaning stock ben carlson a wealth of common sense indoor sports complex profitability my hsa account balance 401k over contribution alcoa stock how much do bar owners make vaneck semiconductor iren energy stock