最新ニュース iShares Core S&P Mid-Cap ETF (ARCA:IJH)

iShares Core S&P Mid-Cap ETF

Industrials

Consumer Cyclical

Financial Services

Technology

Healthcare

Real Estate

Energy

Basic Materials

Consumer Defensive

Utilities

Communication Services

Other

The Fund seeks to track the investment results of the S&P MidCap 400; the Underlying Index, which measures the performance of the mid-capitalization sector of the U.S. equity market, as determined by S&P Dow Jones Indices LLC; the Index Provider or SPDJI.

Williams-sonoma Inc

Carlisle Cos Inc

Illumina, Inc.

Lennox International Inc

Pure Storage Inc

Avantor Inc

Reliance Steel & Aluminum Co.

E M C O R Group Inc.

Burlington Stores Inc

Owens Corning

On Friday, Nasdaq Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) annual reconstitution of the Nasdaq-100 Index will become effective before the market <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42494812/annual-changes-to-the-nasdaq-100-index" rel="noreferrer noopener">opens on December 23</a>.
Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) was&nbsp;removed&nbsp;<a target="_blank" href="https://www.benzinga.com/24/12/42495649/microstrategy-palantir-axon-added-to-nasdaq-100-super-micro-computer-moderna-illumina-exit-the-index" rel="noreferrer noopener">from the index</a>. Year to date, the stock has increased around 8%, underperforming iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>).
The provider of DNA sequencing and array-based technologies has been in the news due to its controversial multi-billion dollar deal to acquire cancer test maker Grail Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAL#NASDAQ">GRAL</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/m-a/24/09/40688420/european-court-rules-in-favor-of-illumina-in-fight-against-probe-into-grail-deal-asks-not-to-pay-478" rel="noreferrer noopener">European Court Rules In Favor Of Illumina In Fight Against Probe Into Grail Deal, Asks Not To Pay $478M Fine</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16125312/newplot-2-1.png" alt="" class="wp-image-694387" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16125312/newplot-2-1.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16125312/newplot-2-1-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Nearly four years after pitching for&nbsp;Grail,&nbsp;Illumina finally separated the&nbsp;<a target="_blank" href="https://www.benzinga.com/m-a/24/09/40688420/european-court-rules-in-favor-of-illumina-in-fight-against-probe-into-grail-deal-asks-not-to-pay-478" rel="noreferrer noopener">cancer blood test developer</a>.&nbsp;To expand its reach in single-cell analysis and&nbsp;multiomics research, Illumina <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39714633/illumina-buys-fluent-biosciences-to-gain-stronger-foothold-in-single-cell-analysis" rel="noreferrer noopener">acquired privately-held</a> Fluent BioSciences.
Also in March, activist investor&nbsp;Carl Icahn opted against pursuing a fresh challenge to Illumina&#8217;s board, which spares the U.S. gene sequencing company from facing its second proxy battle in consecutive years.&nbsp;
Previously, Icahn had expressed intentions to remove additional directors from Illumina&#8217;s board, attributing the company&#8217;s substantial market value decline and the ill-fated $7.1 billion Grail acquisition to mismanagement by the <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/03/37671511/gene-sequencing-firm-illumina-escapes-carl-icahns-second-proxy-battle-amid-grail-divestment-effort" rel="noreferrer noopener">existing board members</a>.&nbsp;
Most recently, Illumina reported third-quarter&nbsp;adjusted EPS of $1.14, beating the consensus of $0.88, with sales&nbsp;of $1.08 billion, almost in line with the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41727185/illumina-reports-financial-results-for-third-quarter-of-fiscal-year-2024" rel="noreferrer noopener">consensus of $1.08 billion</a>.
&#8220;During the third quarter, the Illumina team delivered strong operating results, and revenue met our expectations,&#8221; said&nbsp;Jacob Thaysen, Chief Executive Officer.
&#8220;The near-term macroeconomic environment remains constrained, and we are slightly lowering our 2024 revenue guidance,&#8221; Thaysen added.
Price Action: ILMN stock is down 0.12% at $143.70 at the last check on Monday.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42514376/whats-going-on-moderna-stock-on-monday" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Moderna Stock On Monday?</a></li>
</ul>
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News

Health Care

General

GRAL

ILMN

NDAQ

What's Going On With Illumina Stock On Monday?

With the launch of the Amplify Small-Mid Cap Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAP#NYSE">SMAP</a>), investors have a fresh opportunity to tap into the often-overlooked sweet spot of the stock market: small- <a href="https://www.benzinga.com/money/best-mid-cap-stocks">and mid-cap companies</a>.
SMAP's timing couldn't be better, as small- and mid-caps have quietly outperformed their larger peers this year, and investors are starting to take notice.
Small-cap stocks, represented by the iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>), are up 6.97% year-to-date and 29.72% over the past year, while mid-caps, tracked by the iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>), have gained a solid 13.39% YTD and 32.56% over the past year. 
Amplify's new ETF sits right in the middle of these two segments, offering investors a hybrid approach to capitalize on both growth and value opportunities.
Read Also: <a href="https://www.benzinga.com/news/24/09/40922597/russell-2000-outpaces-s-p-500-as-small-caps-anticipate-feds-interest-rate-move">Russell 2000 Outpaces S&amp;P 500 As Small Caps Anticipate Fed&#8217;s Interest Rate Move</a>
<h2 class="wp-block-heading">Small &amp; Mid-Caps In The Spotlight</h2>
Why now? Small- and mid-caps often thrive when interest rates fall, as lower borrowing costs boost their ability to fund expansion and grow earnings. 
With investors eyeing potential rate cuts from the Federal Reserve, Amplify is betting that its actively managed SMAP ETF—helmed by seasoned pros at Curi RMB Capital—will capture those inefficiencies and uncover high-growth gems before they run too far.
Small-caps, in particular, tend to have more room for growth but are often overlooked in favor of larger stocks. 
Mid-caps, meanwhile, offer the perfect balance between growth potential and stability. SMAP gives traders exposure to both categories, allowing them to capitalize on companies at different stages of their life cycles.
<h2 class="wp-block-heading">Why Amplify's SMAP Stands Out</h2>
For traders, the implications are clear: SMAP offers exposure to small- and mid-cap companies in a flexible way, avoiding the rigidities of passive indexing. 
As Amplify's CEO Christian Magoon puts it, SMAP brings &#8220;professionally selected companies&#8221; to the forefront—no forced selling when companies grow, no blind index rules. Just smart, nimble investing. 
Plus, in a rate-cutting environment, small- and mid-caps could become prime beneficiaries, making SMAP's launch all the more timely.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40927138/voo-vs-vti-which-us-stock-market-etf-could-benefit-more-from-interest-rate-cuts">VOO Vs. VTI: Which US Stock Market ETF Could Benefit More From Interest Rate Cuts?</a></li>
</ul>
Image: Pixabay

Mid Cap

Broad U.S. Equity ETFs

New ETFs

Small Cap Analysis

Small Cap

Trading Ideas

ETFs

SMAP

Small-Cap Vs. Mid-Cap: Amplify's New ETF Aims To Ride The Market's Sweet Spot

Designed to provide broad exposure to the Mid Cap Blend segment of the US equity market, the BNY Mellon US Mid Cap Core Equity ETF (ARCA:BKMC) is a passively managed exchange traded fund launched on 04/09/2020.
The fund is sponsored by Bny Mellon. It has amassed assets over $495.10 million, making it one of the average sized ETFs attempting to match the Mid Cap Blend segment of the US equity market.
<h2>Why Mid Cap Blend</h2>
Compared to large and small cap companies, mid cap businesses tend to have higher growth prospects and are less volatile, respectively, with market capitalization between $2 billion and $10 billion. Thus, companies that fall under this category provide a stable and growth-heavy investment.
Blend ETFs are aptly named, since they tend to hold a mix of growth and value stocks, as well as show characteristics of both kinds of equities.
<h2>Costs</h2>
Investors should also pay attention to an ETF&#39;s expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.04%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.39%.
<h2>Sector Exposure and Top Holdings</h2>
ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund&#39;s holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Industrials sector--about 26.60% of the portfolio. Consumer Discretionary and Healthcare round out the top three.
Looking at individual holdings, Godaddy Inc - Class A (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gddy#NYSE">GDDY</a>) accounts for about 0.64% of total assets, followed by Leidos Holdings Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ldos#NYSE">LDOS</a>) and Texas Pacific Land Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tpl#NYSE">TPL</a>).
The top 10 holdings account for about 5.48% of total assets under management.
<h2>Performance and Risk</h2>
BKMC seeks to match the performance of the MORNINGSTAR U.S. MID CAP INDEX before fees and expenses. The Morningstar US Mid Cap Index is a float-adjusted market capitalization weighted index designed to measure the performance of U.S. medium-capitalization stocks.
The ETF has added about 9.48% so far this year and it&#39;s up approximately 21.08% in the last one year (as of 09/16/2024). In the past 52-week period, it has traded between $75.04 and $99.80.
The ETF has a beta of 1.02 and standard deviation of 19.22% for the trailing three-year period. With about 407 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
BNY Mellon US Mid Cap Core Equity ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, BKMC is a good option for those seeking exposure to the Style Box - Mid Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.
The Vanguard Mid-Cap ETF (ARCA:VO) and the iShares Core S&amp;P Mid-Cap ETF (ARCA:IJH) track a similar index. While Vanguard Mid-Cap ETF has $67.95 billion in assets, iShares Core S&amp;P Mid-Cap ETF has $88.17 billion. VO has an expense ratio of 0.04% and IJH charges 0.05%.
<h2>Bottom-Line</h2>
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
<a href="https://www.zacks.com/stock/news/2336241/should-bny-mellon-us-mid-cap-core-equity-etf-bkmc-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2336241">To read this article on Zacks.com click here.</a>

Large Cap

Sector ETFs

Dividends

Markets

Analyst Ratings

BKMC

GDDY

LDOS

Should BNY Mellon US Mid Cap Core Equity ETF Be on Your Investing Radar?

GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), the owner of one of the last remaining gaming magazines, announced the shutdown of Game Informer after 33 years of publication.
The company proposed to downsize the entire magazine staff, the Verge <a target="_blank" href="https://www.theverge.com/2024/8/2/24212016/game-informer-shutting-down-layoffs-gamestop" rel="noreferrer noopener">cites</a> Kotaku.
Game Informer did not provide a specific reason for the closure in a statement posted on X.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/40027424/gamestop-short-seller-and-citron-founder-andrew-left-pleads-not-guilty-to-fraud-charges" rel="noreferrer noopener">GameStop Short Seller And Citron Founder Andrew Left Pleads Not Guilty To Fraud Charges</a>
In 2023, GameStop CEO and chairman Ryan Cohen emphasized the need to scrutinize every expense and eliminate waste, the Verge cites an email obtained by Kotaku.
Game Informer introduced a direct subscription model in March, previously available only through GameStop Pro subscriptions or individual purchases.
Editor-in-chief Matt Miller acknowledged industry challenges in a blog post. This post has since been replaced with the shutdown message.
<a target="_blank" href="https://www.benzinga.com/news/24/06/39502437/whats-going-on-with-gamestop-stock-on-wednesday" rel="noreferrer noopener">Analysts criticized GameStop&#8217;s</a> business model. However, experts anticipated support from the company&#8217;s strong cash position and upcoming video game console releases from Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>), Nintendo, and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Investors can gain exposure to GameStop through iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and Vanguard Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VB#NYSE">VB</a>).
Price Action: GME shares were trading lower by 12.01% at $18.55 premarket at the last check on Monday.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39831371/chewy-founder-gamestop-ceo-ryan-cohen-posts-trump-665-times-on-elon-musks-x-cryptic-message-has-" rel="noreferrer noopener">Chewy Founder, GameStop CEO Ryan Cohen Posts&#8217; TRUMP&#8217; 665 Times On Elon Musk&#8217;s X: Cryptic Message Has Internet Guessing</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy 1take1shot On Shutterstock.com

Topics

Movers

Media

MSFT

Sony Group Corporation American Depositary Shares

SONY

GameStop Shuts Down Game Informer Magazine, Lays Off Entire Staff: Report

If you&#39;re interested in broad exposure to the Mid Cap Blend segment of the US equity market, look no further than the JPMorgan Diversified Return U.S. Mid Cap Equity ETF (ARCA:JPME), a passively managed exchange traded fund launched on 05/11/2016.
The fund is sponsored by J.P. Morgan. It has amassed assets over $420.30 million, making it one of the average sized ETFs attempting to match the Mid Cap Blend segment of the US equity market.
<h2>Why Mid Cap Blend</h2>
Compared to large and small cap companies, mid cap businesses tend to have higher growth prospects and are less volatile, respectively, with market capitalization between $2 billion and $10 billion. These types of companies, then, have a good balance of stability and growth potential.
Blend ETFs are aptly named, since they tend to hold a mix of growth and value stocks, as well as show characteristics of both kinds of equities.
<h2>Costs</h2>
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.24%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 1.78%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund&#39;s holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Industrials sector--about 12.30% of the portfolio. Financials and Real Estate round out the top three.
Looking at individual holdings, Vistra Corp Common Stock (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vst#NYSE">VST</a>)&nbsp;accounts for about 0.65% of total assets, followed by Tenet Healthcare Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/thc#NYSE">THC</a>) and International Paper Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ip#NYSE">IP</a>).
The top 10 holdings account for about 5.04% of total assets under management.
<h2>Performance and Risk</h2>
JPME seeks to match the performance of the Russell Midcap Diversified Factor Index before fees and expenses. The JP Morgan Diversified Factor US Mid Cap Equity Index utilizes a rules-based approach that combines risk-based portfolio construction with multi-factor security selection, including value, quality and momentum factors.
The ETF has gained about 10.33% so far this year and it&#39;s up approximately 13.09% in the last one year (as of 07/31/2024). In the past 52-week period, it has traded between $79.30 and $100.65.
The ETF has a beta of 1.04 and standard deviation of 16.74% for the trailing three-year period. With about 366 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
JPMorgan Diversified Return U.S. Mid Cap Equity ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, JPME is a reasonable option for those seeking exposure to the Style Box - Mid Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.
The Vanguard Mid-Cap ETF (ARCA:VO) and the iShares Core S&amp;P Mid-Cap ETF (ARCA:IJH) track a similar index. While Vanguard Mid-Cap ETF has $65.69 billion in assets, iShares Core S&amp;P Mid-Cap ETF has $88.19 billion. VO has an expense ratio of 0.04% and IJH charges 0.05%.
<h2>Bottom-Line</h2>
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
<a href="https://www.zacks.com/stock/news/2312599/should-jpmorgan-diversified-return-u-s-mid-cap-equity-etf-jpme-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2312599">To read this article on Zacks.com click here.</a>

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPME

Should JPMorgan Diversified Return U.S. Mid Cap Equity ETF Be on Your Investing Radar?

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/07/26/final-trades-seagate-exxon-mobil-morgan-stanley-and-the-ijh.html">Halftime Report Final Trades</a>,&#8221; Sarat Sethi of DCLA said he likes Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) as the capital market is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39821573/morgan-stanleys-diversified-business-model-drives-q2-success-analyst-projects-incre">going to pick up</a>.
On July 16, Morgan Stanley reported second-quarter EPS of $1.82, up from $1.24 a year ago and beating the consensus of $1.65. The U.S. bank reported second-quarter sales of $15.02 billion, up 11.6% year over year, beating the consensus of $14.30 billion.
Brenda Vingiello of Sand Hill Global Advisors named iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) as her final trade.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jim Lebenthal of Cerity Partners said Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is less than 5% from its all-time high.
Exxon Mobil will release its second quarter financial results before the opening bell on Friday, Aug. 2. Analysts expect the company to report quarterly earnings at $2.03 per share, up from $1.94 per share in the year-ago period. Exxon Mobil expects to report quarterly revenue of $90.99 billion, compared to $82.91 billion a year earlier.
Stephanie Link of Hightower said Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) reported a great quarter.
On July 23, Seagate reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates. The company reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of 75 cents per share. The company reported quarterly sales of $1.890 billion which beat the analyst consensus estimate of $1.877 billion.
Price Action:
<ul>
<li>Morgan Stanley shares gained 0.6% to close at $104.19 on Friday.</li>
<li>iShares Core S&amp;P Mid-Cap ETF gained 1.7% during Friday's session.</li>
<li>Exxon Mobil shares slipped 0.1% to settle at $117.33 on Friday.</li>
<li>Seagate shares fell 0.3% to close at $103.68 on Friday.</li>
</ul>
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Image created using artificial intelligence via Midjourney.

Long Ideas

Exxon Mobil, Morgan Stanley, Seagate And More: CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Seagate Technology, Exxon Mobil, Morgan Stanley, IShares Core S&P Mid-Cap ETF

Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>) shares are trading lower today. The stock pulled back after soaring higher yesterday due to news of Robert Bosch GmbH reportedly <a target="_blank" href="https://www.benzinga.com/m-a/24/06/39502758/home-appliances-giant-whirlpool-stock-is-soaring-on-wednesday-heres-why" rel="noreferrer noopener">considering a bid for the company</a>.
Goldman Sachs analyst Susan Maklari rated the stock <a target="_blank" href="https://www.benzinga.com/quote/WHR/analyst-ratings" rel="noreferrer noopener">as Buy and price target of $118</a>.
The analyst writes that while Robert Bosch holds a 6% share in the global major appliance market, its presence in North America is significantly smaller at 1.5%, while Whirlpool leads with approximately 25% market share in North America and 10% globally based on 2023 volumes.
Maklari says that a potential deal would enable Bosch to enhance its competitive position both globally and regionally.
This development coincides with European companies&#8217; increasing interest in expanding into the US building products industry to mitigate challenges in their local economies, writes the analyst.
However, the analyst expects regulatory hurdles to be anticipated due to current geopolitical dynamics.
The analyst notes that the company&#8217;s revenues and adjusted EBITDA decreased by 12% and 46%, respectively, from 2021 to 2023, which weighs on the valuation.
Whirlpool stock has lost over 32% in the last 12 months. Investors can gain exposure to the stock via&nbsp;the iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>)&nbsp;and&nbsp;the Schwab US Dividend Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHD#NYSE">SCHD</a>).
Price Action: WHR shares are down 1.95% at $99.92 at the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Grzegorz Czapski via Shutterstock

Equities

Price Target

Reiteration

SCHD

Bosch Bid Hype Fades, But Analyst Sees Whirlpool's Potential

Lighting and building management firm&nbsp;Acuity Brands, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>)&nbsp;reported a fiscal third-quarter 2024 net sales decline of 3.2% year-over-year to $968.1 million, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/g39519517/acuity-brands-reports-fiscal-2024-third-quarter-results" rel="noreferrer noopener">analyst consensus estimate of $1.01 billion</a>.&nbsp;
It clocked an adjusted EPS of $4.15, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $4.13</a>.
Sales by segments: Acuity Brands Lighting (ABL) and Lighting Controls revenue hit $898.5 million (-4.5% Y/Y), and Intelligent Spaces Group (ISG) clocked $75.7 million (+15.0% Y/Y).
The consolidated adjusted operating margin grew by 100 bps to 17.3%. ABL&#8217;s adjusted operating margin expanded by 100 bps to 18.0%. ISG's margin increased by 340 bps to 22.9%.
The company generated $445.1 million in operating cash flow for the first nine months of fiscal 2024, a decrease of $26.4&nbsp;million compared to the prior year.
Adjusted EBITDA was $180.0 million, up from $175.6 million a year ago.&nbsp;The margin expanded by 100 bps to 18.6%.
Acuity Brands stock gained over 48% in the last 12 months. Investors can gain exposure to the stock via iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and Vanguard Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VB#NYSE">VB</a>).
Price Action: AYI shares are down 0.73% at $238.01 premarket at the last check Thursday.
Image Credits &#8211; Shutterstock

Earnings

Acuity Brands' Intelligent Spaces Revenue Soars 15% in Mixed Q3 Results

Robert Bosch GmbH is reportedly considering a bid for U.S. appliance manufacturer Whirlpool Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>), according to three individuals familiar with the situation.
If successful, this acquisition would enhance Bosch&#8217;s presence in the white goods market, Reuters reports.
Whirlpool stock soared Wednesday on the news.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/23/11/36020529/strategic-divestiture-whirlpool-to-partially-reduce-ownership-in-indian-subsidiary-in-2024" rel="noreferrer noopener">Strategic Divestiture: Whirlpool To Partially Reduce Ownership In Indian Subsidiary In 2024</a>
Bosch has been consulting with potential advisers regarding a possible offer for Whirlpool, which currently holds a market capitalization of approximately $4.8 billion.
Whirlpool has undergone significant restructuring recently, including merging its European operations into a new entity controlled by Turkish competitor Arçelik and selling off its Middle Eastern and African businesses.
The acquisition of Whirlpool, one of the largest global white goods producers, would significantly bolster Bosch&#8217;s home appliance division. This move is seen as a strategic effort to enhance market position and compete more effectively against growing Asian market players.
Whirlpool stock has lost over 39% in the last 12 months. Investors can gain exposure to the stock via the iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and the Schwab US Dividend Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHD#NYSE">SCHD</a>).
Price Action: WHR shares traded higher by 17.50% at $102.24 at the last check on Wednesday.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/23/08/34038695/burned-by-delay-whirlpool-settles-for-millions-over-hazardous-cooktops" rel="noreferrer noopener">Burned By Delay: Whirlpool Settles For Millions Over Hazardous Cooktops</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Grzegorz Czapski via Shutterstock

Home Appliances Giant Whirlpool Stock Is Soaring On Wednesday - Here's Why

GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is experiencing a challenging period in its core business of selling video games and related merchandise.
However, its strategy of earning interest on large cash reserves has provided some financial relief, transforming it into something resembling a bank rather than a traditional retailer.
After a dramatic rise in its stock value in early 2021, GameStop&#8217;s shares have since dropped to $23 each, giving the company a market capitalization of around $8 billion, Reuters reports.
Despite this decline, the company&#8217;s enterprise value is more than double that of Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), whose sales are also declining but at a slower rate.
Despite the efforts to stabilize its finances, GameStop has kept its business model the same.
GameStop&#8217;s growing cash reserves provide a crucial buffer. If the company maintains its current operating cash burn rate, it could sustain itself for another decade, Reuters noted.
Additionally, by investing its $3 billion cash pile in U.S. treasuries yielding around 5%, GameStop could earn nearly $40 million in interest each quarter, offering a significant financial boost despite its declining core business.
In many ways, GameStop functions like a bank, utilizing cash reserves to generate income rather than relying solely on its traditional retail operations.
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39408371/whats-going-on-with-gamestop-stock-thursday" rel="noreferrer noopener">Analysts had criticized</a> the company&#8217;s business model. However, experts anticipated that the company&#8217;s strong cash position and new video game console releases from Sony, Nintendo, and Microsoft would provide support.
Investors can gain exposure to GameStop via iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and Vanguard Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VB#NYSE">VB</a>).
Price Action: GME shares traded lower by 1.65% at $24.52 premarket at the last check on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy 1take1shot On Shutterstock

Tech

What's Going On With GameStop Stock On Wednesday?

Wolfspeed Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) has reportedly postponed plans to build a $3 billion plant in Germany, underlining the European Union&#8217;s ongoing challenges to boost semiconductor production and lessen dependency on Asian chips.
The proposed facility in Saarland, intended to manufacture chips for electric vehicles, is still in the planning stages and seeking funding, Reuters reported, citing a company spokesperson.
Wolfspeed has reduced capital spending due to weak EV markets in Europe and the U.S. and is now concentrating on ramping up production in New York.
Construction in Germany is delayed until mid-2025, two years later than planned.
The company faces pressure from an activist investor to improve shareholder value after its stock fell around 50% over the past year. Other companies, including Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), have announced plans for new European plants following the EU&#8217;s 2022 Chips Act aimed at raising €43 billion ($47 billion) to strengthen the semiconductor industry.
However, two years later, only some projects were underway, and even fewer had yet to receive European Commission approval for state aid.
<a target="_blank" href="https://www.benzinga.com/news/24/05/38582029/wolfspeed-analysts-slash-their-forecasts-following-q3-results" rel="noreferrer noopener">Analysts lowered their</a> price targets on Wolfspeed due to disappointing third-quarter revenue results. Although the company reported a slightly smaller adjusted loss than expected, its revenue of $200.7 million fell short of estimates. The price target adjustments reflect concerns over Wolfspeed&#8217;s ability to meet revenue expectations despite operational progress.
Previously, <a target="_blank" href="https://www.benzinga.com/news/24/04/38115162/wolfspeed-at-a-crossroads-analyst-points-to-competitive-pressures-ev-slowdown-impact" rel="noreferrer noopener">analysts had flagged</a> pricing and margin challenges due to intense rivalry and lackluster EV demand.
Wolfspeed stock lost 50% in value in the last 12 months. Investors can gain exposure to the stock via iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: WOLF shares traded higher by 0.04% at $26.01 premarket at last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

INTC

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

WOLF

What's Going On With Wolfspeed Stock Thursday?

GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares were trading higher in the premarket in a volatile Monday session, indicating a possible rebound.
Last Friday, the stock closed lower by 39% after the company reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/06/39224137/gamestop-releases-q1-results-ahead-of-roaring-kitty-event-files-prospectus-to-raise-capital-via-equ" rel="noreferrer noopener">fiscal first-quarter earnings</a> ahead of its schedule and Roaring Kitty held a live stream.
While many were looking for an updated thesis on why Gill is investing heavily in GameStop once again, several investors <a target="_blank" href="https://www.benzinga.com//node/39237023" rel="noreferrer noopener">were left with more questions</a> after the stream.
The livestream ended up being disappointing for investors and the stock.
The video game retailer reported net sales of $881.8 million, down from $1.237 billion last year, lagging the analyst consensus estimate of $995.3 million.
GameStop reported an EPS loss of $(0.12), missing the&nbsp;analyst consensus estimate loss of $(0.09).
The quarterly net loss improved to $(32.3) million, down from $(50.5) million last year. GameStop also&nbsp;disclosed an at-the-market offering program, which permitted the sale of up to 75 million shares.
This added to the 45 million shares sold last month, which raised $933 million.
Last week, Keith Gill, also known as Roaring Kitty, expressed his backing for CEO Ryan Cohen during an Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) YouTube livestream, the Financial Times <a target="_blank" href="https://www.ft.com/content/c2293c65-5aba-43ea-b7dd-21190baa94fc" rel="noreferrer noopener">reports</a>.
The retailer&#8217;s core business has been declining, with store numbers shrinking by over a quarter in five years, but investment gains have mitigated some losses.
Gill confirmed his significant investment in GameStop and denied working with any third-party funder.
Investors can gain exposure to the GameStop stock via iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and SPDR MidCap Trust Series I (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDY#NYSE">MDY</a>).
Price Action: GME shares traded lower by 3.05% at $27.36 at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

GOOG

GOOGL

What's Going On With GameStop Stock On Monday?

Video game retailer GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) stock released its first-quarter 2024 results early Friday ahead of its scheduled June 11 date.
The company reported net sales of $881.8 million, down from $1.237 billion year-over-year. The net sales total missed a <a href="https://www.benzinga.com/pressreleases/24/06/g39222992/gamestop-discloses-first-quarter-2024-results" target="_blank" rel="noreferrer noopener">consensus estimate of $995.3 million</a>.
The company reported a loss of 12 cents per share, missing the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimate of a loss of 9 cents per share.</a>
The performance reflects customers transitioning to video games and collectibles online, while the retailer depended on brick-and-mortar stores, according to Reuters.
The gross margin improved by 450 bps to 27.7%. The quarter&#8217;s net loss was $32.3 million, down from $50.5 million last year.
The company held $1.08 billion in cash and equivalents as of May 4, 2024.
The stock got a <a href="https://www.benzinga.com/news/24/06/39210792/whats-going-on-with-gamestop-stock" target="_blank" rel="noreferrer noopener">boost from the</a> return of  Keith Gill, also known as Roaring Kitty, to social media following three years of hush. Gill is known for spearheading the meme stock movement.
GameStop will be the subject of a YouTube livestream by meme trader Gill later Friday.
GameStop also <a href="https://news.gamestop.com/node/20566/html" target="_blank" rel="noreferrer noopener">filed a prospectus supplement</a> with the SEC regarding its at-the-market offering program, which allows the sale of up to 75 million shares.
Before this filing, GameStop sold 45 million shares on May 17, generating about $933.4 million in gross proceeds. 
The company said it intends to use the net proceeds from the new offering for general corporate purposes, including mergers and acquisition activity.
GameStop&nbsp;stock gained over 78% in the last 12 months. Investors can gain exposure to the stock via iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and SPDR MidCap Trust Series I (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDY#NYSE">MDY</a>).
Price Action: GME shares traded lower by 16.9% at $38.64 premarket at the last check on Friday.
Photo via Shutterstock.

Offerings

GameStop Releases Q1 Results Ahead Of 'Roaring Kitty' Event, Files Prospectus To Raise Capital Via Equity Offering

Hertz Global Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRZ#NASDAQ">HRZ</a>) reported first-quarter FY24 sales growth of 1.6% year-on-year to $2.08 billion. Adjusted EPS of $(1.28) missed the analyst consensus<a href="https://www.benzinga.com/markets/equities/24/04/38434391/struggle-for-hertz-continues-as-stock-loses-23-heres-why"> estimate of $(0.44)</a>.
The following are the reactions of various analysts regarding the company's first-quarter earnings.
Goldman Sachs &#8211; Reiterate Sell, slash price target from $7 to $4
Analyst Lizzie Dove noted that Hertz&#8217;s 1Q EBITDA miss has heightened investor concerns, particularly regarding HTZ's First Lien Covenant and its minimum liquidity requirement, which are now increasingly in focus.
Though management expects to refresh the fleet over the next year, the analyst believes cash flow management around the fleet will be the key lever for the company to comply with its covenant requirement.
The analyst's model expects trends to get worse before they get better, with $400 million free cash flow burn in FY24 and does not see a clear catalyst path over the next 12 months.
Vehicle depreciation in 1Q24 increased $588 million, or $339 on a per-unit basis, from 1Q23 and within the $339 per unit increase in the quarter, the company noted that $195 million was related to EVs held for sale.
Of the 20,000 electric vehicles, 10,000 have been sold and the carrying value of the remaining 10,000 have been written down to fair value less costs to sell. Also HTZ decided to sell an additional 10,000 EVs, noted the analyst.
Until there are further proof points on HTZ's ability to turnaround operations and execute on its cost savings strategy, the analyst does not believe HTZ will have sufficient ability to invest meaningfully in the fleet.
BofA Securities &#8211; Downgrade to Underperform from Neutral, slash price target from $9 to $3
According to analyst John P. Babcock, the under performance of HTZ in 1Q was driven by higher fleet costs, which are unlikely to meaningfully subside in the near-term.
Liquidity is also an increasing concern among investors, as HTZ has an older fleet that will need to be refreshed at a time when used vehicles are dropping and new vehicle prices are softening only modestly, noted the analyst.
The analyst said fleet costs are likely to remain above historical levels as used vehicle prices will continue trending lower and that electric vehicle prices are likely to decline further.
With the sizable declines in used vehicle prices, HTZ is collecting fewer proceeds from the sales, the analyst observed.
Rising interest costs in 2024 will limit a potential earnings recovery in 2025, the analyst said.
Morgan Stanley- Reiterate Equal-weight, $9 price target
Analyst Adam Jonas said HTZ posted a surprise negative EBITDA driven by DPU of $592 vs. $342 of Morgan Stanley's expectation as new management appear to be taking more of the up-front pain as they catch up on long overdue mark-to-market on the rental fleet.
Hertz stock lost over 70% in the last 12 months. Investors can gain exposure to the stock via iShares Core S&amp;P Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJH#NYSE">IJH</a>) and Invesco S&amp;P MidCap 400 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFV#NYSE">RFV</a>).
Price Action: HTZ shares were down 5.56% to $4.42 on Friday.
Now Read:<a href="https://www.benzinga.com/short-sellers/24/04/38468155/trumps-stock-loss-means-millions-for-short-sellers-a-lot-of-his-businesses-go-belly-up-quickly"> Trump&#8217;s Stock Loss Means Millions For Short Sellers: &#8216;A Lot Of His Businesses Go Belly Up, Quickly&#8217;</a>
Photo: Shutterstock

Rydex ETF Trust S&P Midcap 400 Pure Value ETF

Hertz Faces Tough Road Ahead: High Fleet Costs, Liquidity Concerns Trigger Downgrades

If you&#39;re interested in broad exposure to the Mid Cap Blend segment of the US equity market, look no further than the Vanguard Mid-Cap ETF (ARCA:VO), a passively managed exchange traded fund launched on 01/26/2004.
The fund is sponsored by Vanguard. It has amassed assets over $63.11 billion, making it one of the largest ETFs attempting to match the Mid Cap Blend segment of the US equity market.
Why Mid Cap Blend
Mid cap companies, with market capitalization in the range of $2 billion and $10 billion, offer investors many things that small and large companies don&#39;t, including less risk and higher growth opportunities. Thus, companies that fall under this category provide a stable and growth-heavy investment.
Typically holding a combination of both growth and value stocks, blend ETFs also demonstrate qualities seen in value and growth investments.
Costs
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF&#39;s expense ratio.
Annual operating expenses for this ETF are 0.04%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.52%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Industrials sector--about 18% of the portfolio. Information Technology and Financials round out the top three.
Looking at individual holdings, Amphenol Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aph#NYSE">APH</a>) accounts for about 0.85% of total assets, followed by Arthur J Gallagher &amp; Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ajg#NYSE">AJG</a>) and Motorola Solutions Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msi#NYSE">MSI</a>).
The top 10 holdings account for about 5.62% of total assets under management.
Performance and Risk
VO seeks to match the performance of the CRSP US Mid Cap Index before fees and expenses. The CRSP US Mid Cap Index targets inclusion of the U.S. companies that fall between the top 70%-85% of investable market capitalization.
The ETF has added roughly 6.10% so far this year and is up about 24.20% in the last one year (as of 03/25/2024). In the past 52-week period, it has traded between $195.66 and $247.32.
The ETF has a beta of 1.08 and standard deviation of 18.78% for the trailing three-year period, making it a medium risk choice in the space. With about 338 holdings, it effectively diversifies company-specific risk.
Alternatives
Vanguard Mid-Cap ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, VO is an excellent option for investors seeking exposure to the Style Box - Mid Cap Blend segment of the market. There are other additional ETFs in the space that investors could consider as well.
The iShares Russell Mid-Cap ETF (ARCA:IWR) and the iShares Core S&amp;P Mid-Cap ETF (ARCA:IJH) track a similar index. While iShares Russell Mid-Cap ETF has $32.61 billion in assets, iShares Core S&amp;P Mid-Cap ETF has $83.50 billion. IWR has an expense ratio of 0.19% and IJH charges 0.05%.
Bottom-Line
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
<a href="https://www.zacks.com/stock/news/2245283/should-vanguard-mid-cap-etf-vo-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2245283">To read this article on Zacks.com click here.</a>

Should Vanguard Mid-Cap ETF (VO) Be on Your Investing Radar?

Many stocks&nbsp;have had astonishing&nbsp;growth&nbsp;since the outbreak of the COVID-19 pandemic in 2020, owing to massive amounts of money pumped by central banks and government stimulus, which have fueled consumer spending and the economic recovery.
But one company substantially outperformed the others &mdash; and it has nothing to do with the metaverse, cryptocurrencies, or artificial intelligence and cutting-edge platforms such as <a href="https://www.benzinga.com/topic/artificial-intelligence" target="_blank">OpenAI&#39;s ChatGPT.</a>
Instead, it produces simple&nbsp;energy drinks that are consumed by real people, not avatars.
A $1,000 investment in Celsius Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/celh#NASDAQ">CELH</a>) made on March 16, 2020, when the world went in lockdown, would&nbsp;now be&nbsp;worth more than $41,422.
That would have resulted in an over&nbsp;41-fold increase in the amount invested at that time.
No other U.S. large-cap stock had such an explosive increase during the previous three years.
The share price of Celsius Holdings rose from a low of $3.22 in March 2020 to its current level of $133.4, representing&nbsp;a mind-blowing gain of 4,042%.
Chart: Celsius Holdings Skyrocketed After Covid-19
<img alt="" src="https://www.benzinga.com/files/u1363475/celh_2023-05-19_13-44-11_9fcd5.png" style="height:500px; width:100%" />
What Does Celsius Holdings Do?&nbsp;The firm was originally known as Vector Ventures, Inc. until changing its name to Celsius Holdings, Inc. in January 2007.
Under the trademark CELSIUS&reg;, Celsius Holdings produces energy drinks and powder sticks that can be mixed with water.
CELSIUS&reg; beverages come in a variety of sparkling and non-carbonated flavors, including orange, watermelon, a&ccedil;a&iacute;, and lemon-lime. CELSIUS&reg; contains no aspartame, no high fructose corn syrup, no GMOs, no artificial flavors or colors, and no added salt. CELSIUS&reg; products are kosher and vegan, as well as soy, gluten, and sugar-free.
Celsius Holdings sells its products via&nbsp;supermarkets, convenience shops, medicine stores, nutritional stores, mass merchants, as well as&nbsp;health clubs, spas, gyms&nbsp;and e-commerce websites.&nbsp;
And Why Investors Should Better Stay Away Now:&nbsp;It would be wise for any potential new investors to take note of the stock&#39;s remarkable surge since COVID-19, since fundamentals have not performed as the share&nbsp;price did.&nbsp;&nbsp;
<ul>
<li>Since 2019, Celsius Holdings&#39; annual earnings have been steadily dropping&nbsp;and the company has consistently missed&nbsp;analyst annual&nbsp;profit projections.&nbsp;</li>
<li>In 2022, earnings per share (EPS) came in at a&nbsp;negative&nbsp;2.63, below than the market&#39;s expectation of negative 2.42.</li>
<li>Both the past 12&nbsp;month&#39;s EBITDA and earnings are negative, according to <a href="https://pro.benzinga.com/popout/widget/details/AwUKERyNo" target="_blank">Benzinga Pro platform</a>.&nbsp;</li>
<li>EPS is expected to increase to $1.49 in fiscal year 2023, $2.22 in fiscal year 2024&nbsp;and $3.23 in fiscal year 2025.&nbsp;</li>
<li>Celsius Holdings&#39; current stock price is 135 times&nbsp;the company&#39;s estimated earnings over the next 12&nbsp;months (forward P/E ratio), which makes this stock extremely expensive.&nbsp;</li>
<li>
The amount of short positions as a percentage of float is 31%.
</li>
</ul>
Most-Exposed Exchange Traded Funds to Celsius Holdings: Three thematic ETFs presently have more than 4% of their portfolio exposed to Celsius Holdings, according to Koyfin data.&nbsp;
<ul>
<li>Advisors Series Trust - VegTech Plant-based Innovation &amp; Climate ETF (ARCA: EATV), holds 1,940 shares of&nbsp;Celsius Holdings, corresponding to 5.03% of its portfolio.&nbsp;</li>
<li>
Global X Funds - Global X Health &amp; Wellness ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bfit#NASDAQ">BFIT</a>),&nbsp;holds 7,430 shares of&nbsp;Celsius Holdings, corresponding to 4.68% of its portfolio.&nbsp;
</li>
<li>
Series Portfolios Trust - Subversive Mental Health ETF (ARCA: SANE), holds 199 shares of&nbsp;Celsius Holdings, corresponding to 4.22% of its portfolio.
</li>
<li>
Celsius Holdings is also included in two popular U.S. broad equity ETFs, the iShares Core S&amp;P Mid-Cap ETF (ARCA: IJH) and the iShares Russell 2000 ETF (ARCA: IWM), but with a marginal weight of roughly 0.3%.
</li>
</ul>
Read Next:&nbsp;<a href="https://www.benzinga.com/news/earnings/23/05/32466450/up-over-2-600-in-5-years-wall-street-still-calls-celsius-a-buy" target="_blank">Up Over 2,600% In 5 Years, Wall Street Still Calls Celsius A Buy</a>
Photo: Courtesy Celsius
<ul>
</ul>
&nbsp;

Biotech

Short Ideas

Specialty ETFs

Opinion

Startups

Small Business

BFIT

CELH

Advisors Series Trust VegTech Plant-based Innovation & Climate ETF

EATV

SANE

If You Invested $1,000 In This Energy Drink Stock When COVID-19 Lockdowns Started, You'd Now Have Over $41,000 — And It May Be Time To Sell

On CNBC&rsquo;s &quot;<a href="https://www.cnbc.com/video/2023/01/09/final-trades-gxo-becton-dickinson-freeport-mcmoran-more.html">Halftime Report Final Trades</a>,&quot; Liz Young of BNY Mellon Investment Management named iShares Core S&amp;P Mid-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijh#NYSE">IJH</a>), saying that &quot;mid-caps are a good place to be&quot; and <a href="https://www.benzinga.com/news/23/01/30332910/tesla-moderna-and-these-2-stocks-insiders-are-selling"> also trading at a nice valuation.</a>
Stephen Weiss of Short Hills Capital Partners named GXO Logistics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gxo#NYSE">GXO</a>). Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised the price target from $45 to $60.
Benzinga data shows that analysts agree, giving GXO an <a href="https://www.benzinga.com/quote/GXO/analyst-ratings">Overweight consensus rating.</a>
<a href="https://www.benzinga.com/quote/GXO/analyst-ratings"><img alt="" src="https://www.benzinga.com/files/u449135/gxo.jpg" style="height:123px; width:623px" /></a> 
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Jason Snipe of Odyssey Capital Advisors named Becton Dickinson and Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bdx#NYSE">BDX</a>) and said procedural volumes will pick up in 2023.
Joseph Terranova of Virtus Investment Partners named&nbsp;Freeport-McMoRan Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fcx#NYSE">FCX</a>) as his final trade.
Check This Out: <a href="https://www.benzinga.com/news/earnings/23/01/30346292/investor-optimism-improves-after-nasdaq-settles-higher"> Investor Optimism Improves After Nasdaq Settles Higher </a>

Becton Dickinson, Freeport-McMoRan, GXO Logistics And This Mid-Cap ETF On CNBC's 'Final Trades'

<ul>
<li>Callaway Golf Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ely#NYSE">ELY</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/06/n21521870/callaway-golf-set-to-join-s-p-midcap-400-apollo-medical-to-join-s-p-smallcap-600" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">is set to replace</a>&nbsp;GrubHub Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/grub#NYSE">GRUB</a>) in the S&amp;P MidCap 400.</li>
<li>The S&amp;P MidCap 400 index comprises 400 companies with midrange market capitalization, between $200 million and $5 billion.</li>
<li>Callaway&#39;s addition comes after the British-Dutch company online food ordering company,&nbsp;Just Eat Takeaway.com NV&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tkayf#OTC">TKAYF</a>),&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/21/06/21513947/grubhub-shareholders-approve-just-eat-takeaway-coms-acquisition-offer" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">agreed to acquire GrubHub</a>.</li>
<li>Callaway&#39;s market cap stands at $5.35 billion as of Thursday&#39;s close.</li>
<li>Price Action:&nbsp;ELY shares are trading lower by 4.28% at $33.75 in premarket trading on last check Friday.</li>
</ul>

GRUB

IVOO

TKAYF

Callaway Golf Set To Enter S&P Midcap 400 Index

Large caps led the way in 2019, but there were some solid performances among smaller names. For example, the S&amp;P MidCap 400 Index, one of the most widely followed gauges of mid-cap equities, returned 24%.
<h3>What Happened</h3>
Investors looking to get involved with <a href="https://www.benzinga.com/trading-ideas/long-ideas/19/09/14418487/3-mid-cap-etfs-for-an-overlooked-asset-class">oft-overlooked mid caps</a>, one of the best-performing equity market segments, in 2020 ought to consider the iShares Core S&amp;P Mid-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijh#NYSE">IJH</a>). Home to $53.6 billion in assets under management, IJH is one of the largest mid-cap ETFs.
Mid caps have some important advantages, including faster earnings growth than large-cap companies and sturdier finances than smaller companies. Those traits, among others, facilitate superior long-term outcomes.
&ldquo;From Jan. 31, 1995, through Dec. 19, 2019, the S&amp;P MidCap 400 Index outperformed the S&amp;P 500 and the S&amp;P SmallCap 600 indexes by 195 and 76 basis points annualized, respectively,&rdquo; <a href="https://www.morningstar.com/articles/960653/this-etf-offers-high-quality-mid-cap-stocks-at-a-bargain">Morningstar said in a recent note</a>.
<h3>Why It&#39;s Important</h3>
IJH, which tracks the S&amp;P MidCap 400 Index, has an expense ratio of just 0.06% per year, or $6 on a $10,000 investment. Only a handful of ETFs in this category have lower fees.
&ldquo;This cost advantage has translated into strong category-relative performance over the long term,&rdquo; said Morningstar. &ldquo;Over the trailing 10 years through June 2019, the fund outperformed the category average by 208 basis points annualized while exhibiting slightly greater risk. On a risk-adjusted basis, the fund outperformed the mid-blend category average. Overall, this fund should continue to enjoy a durable long-term edge over many of its competitors because of its low expense ratio and lower-than-average cash drag.&rdquo;
Mid-cap investing means an increase in volatility relative to large-cap benchmarks as highlighted by IJH&#39;s three-year <a href="https://www.ishares.com/us/products/239763/?referrer=tickerSearch">standard deviation of 14.64%</a>, but that isn&#39;t overly turbulent and compares favorably some well-known small-cap indexes.
<h3>What&#39;s Next </h3>
&ldquo;The fund&#39;s sector exposures are currently similar to the category average. It does not constrain its sector allocation, and this may lead to overallocation to some sectors as they become more richly valued and have lower expected returns,&rdquo; said Morningstar.
IJH devotes 35% of its combined weight to financial services and industrial names while the technology and consumer discretionary sectors combine for 29%.
In other words, IJH leans heavily toward higher beta, cyclical sectors and its weight to defensive groups is relatively low.
Morningstar has a Gold rating on IJH, the highest rating the research firm bestows upon ETFs.
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/19/12/15049663/why-this-dividend-etf-could-work-again-in-2020">This Payout ETF Can Push Higher</a> 
<a href="https://www.benzinga.com/markets/cannabis/19/12/15049837/5-worst-etfs-of-2019">5 Terrible ETFs From 2019</a>

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