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The stock market reached new all-time highs in the last full week of September 2025, primarily driven by a surge in spending within the artificial intelligence sector. According to JPMorgan data, the average 12-month price return for the S&P 500 after reaching an all-time high is 9.1%, against 8.7% for other periods. However, around 200 stocks in the S&P 500 remain in the red.
PHINIA Inc. (PHIN), a leader in premium fuel systems and electrical solutions for the automotive industry, announced plans to acquire Electromagnet Invest AB for approximately $47 million, intending to enhance its alternative fuel offerings. The company’s stock surged 130% over the past two years, outperforming its sector’s 26% growth and the S&P 500’s 57% returns.
As of now, PHIN stock is holding steady at its 21-day moving average, following a 36% increase in the last three months. The company is projected to grow its adjusted EPS by 18% in both 2025 and 2026.
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