Madison ETFs Trust Madison Covered Call ETF (ARCA: CVRD)

Latest news for Madison ETFs Trust Madison Covered Call ETF (ARCA:CVRD)

The Fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of companies, including other investment companies. The Fund invests, under normal market conditions, in a diversified portfolio of common stocks of large- and mid-capitalization issuers that, in the view of the Funds investment advisor, Madison Asset Management LLC (Madison or the Advisor), sell at a reasonable price in relation to their long-term earnings growth rates, exhibit a high degree of financial strength and are well-positioned competitively.

Las Vegas Sands Corp - Common

Danaher

Cme Group, Inc

Lowes Companies, Inc.

Cisco Systems Inc

Diamondback Energy Inc.

Texas Instruments Incorporated

Constellation Brands Inc

Gilead Sciences Inc - Common

Madison Covered Call ETF

Madison ETFs Trust Madison Covered Call ETF

Earnings

News

American Airlines CFO Announces Revised Delivery Of 20 New Mainline Aircraft This Year, Down From 22; Expects To Achieve Approximately $400M In Cost Savings In 2024

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Capital City Bank Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) with a Outperform and raises the price target from $37 to $38.

Price Target

Analyst Ratings

CCBG

Keefe, Bruyette & Woods Maintains Outperform on Capital City Bank Group, Raises Price Target to $38

Barclays analyst Tavy Rosner maintains NICE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) with a Overweight and lowers the price target from $320 to $286.

NICE

Barclays Maintains Overweight on NICE, Lowers Price Target to $286

Guidance

RELX

RELX Says "We Continue To See Positive Momentum Across The Group, And We Expect Another Year Of Strong Underlying Growth In Revenue And Adjusted Operating Profit, As Well As Strong Growth In Adjusted EPS On A Constant Currency Basis"

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk has yet again provided a fresh timeline for the &#8220;Actually Smart Summon&#8221; feature on its cars with full self-driving (FSD) driver assistance technology deployed.
What Happened: The code for the &#8220;Actually Smart Summon&#8221; feature is different and it will be bundled with future versions of Tesla&#8217;s FSD, Musk said in a post on X, formerly Twitter.
&#8220;Technically A&#x2A;&#x2A; is separate code, but it will be bundled with 12.5.x next month.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yes. Technically ASS is separate code, but it will be bundled with 12.5.x next month.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1816282993465479327?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Actually Smart Summon will allow users to summon their Tesla cars and banish them once they are done using it with the Tesla app. Musk has previously provided different timelines for the feature being deployed but they have been delayed time and again. 
&#8220;(Actually) Smart Summon is almost done,&#8221; Musk said as long back as October 2022.
Earlier this year, he again said that the feature would be &#8220;coming soon,&#8221; but without providing a clearer timeline. 
Why It Matters: Tesla started rolling out <a href="https://www.benzinga.com/news/24/07/39900392/teslas-fsd-version-12-5-doesnt-support-sunglasses-yet-contrary-to-elon-musks-word">version 12.5 of FSD </a>earlier this month. The company is currently advancing the capability of the technology in a bid to achieve complete vehicle autonomy. 
During Tesla&#8217;s second-quarter earnings call earlier this week, Musk pegged vehicle autonomy to be the major driver of value for Tesla. 
&#8220;So I recommend anyone who doesn&#8217;t believe that Tesla would sell vehicle autonomy should not hold Tesla stuff. They should sell their Tesla stuff. If you believe Tesla will sell autonomy, you should buy Tesla stuff,&#8221; <a href="https://www.benzinga.com/news/24/07/39900392/teslas-fsd-version-12-5-doesnt-support-sunglasses-yet-contrary-to-elon-musks-word">Musk said.</a>
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39950408/elon-musk-agrees-with-former-executive-who-thinks-everyone-has-strong-opinions-on-tesla-unlike-in-th" target="_blank" rel="noreferrer noopener">Elon Musk Agrees With Former Executive Who Thinks ‘Everyone' Has ‘Strong' Opinions On Tesla Unlike In The Case Of Eli Lilly And LVMH</a></li>
</ul>
Photo courtesy: Tesla

Tech

TSLA

Tesla CEO Elon Musk Gives Yet Another Timeline For 'Actually Smart Summon' Feature Release: Here's When It's Coming

ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) shares are rising in premarket trading on Thursday following its <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">second-quarter earnings report, which exceeded analysts&#8217; expectations.</a>
The company&nbsp;reported second-quarter revenue of $2.627 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus estimate</a> of $2.607 billion<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39942290/servicenow-reports-second-quarter-2024-financial-results" rel="noreferrer noopener">, per a press release.</a>
Analysts anticipate that robust U.S. federal business and increasing adoption of AI software will counterbalance the impact of economic uncertainty on the company, <a target="_blank" href="https://www.cnbc.com/2024/07/24/servicenow-raises-annual-subscription-revenue-forecast-on-robust-demand-coo-resigning-after-government-contract-complaint-.html" rel="noreferrer noopener">reported </a>CNBC.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NOW stock has gained over 25% in the past year. Investors can gain exposure to the stock via&nbsp;Franklin Exponential Data ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/XDAT#BATS">XDAT</a>) and Franklin Exponential Data ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39944577/servicenow-q2-earnings-revenue-beat-eps-beat-servicenow-intends-to-reinvent-every-workflow-in-every" rel="noreferrer noopener">ServiceNow Q2 Earnings: Revenue Beat, EPS Beat — &#8216;ServiceNow Intends To Reinvent Every Workflow, In Every Company, In Every Industry With GenAI&#8217;</a>
Meanwhile, ServiceNow disclosed the immediate departure of President and Chief Operating Officer CJ Desai following an investigation into the hiring of a former U.S. Army technology leader. However, the company assured that the hiring issue was a singular incident.
Earlier, ServiceNow also announced that it acquired&nbsp;Raytion, a Germany-based information retrieval technology provider.
NNACV for Now Assist, ServiceNow&#8217;s GenAI experience, doubled quarter over quarter and surpassed expectations significantly, with 11 deals exceeding $1 million in the quarter.
In an interview, Chief Executive Officer Bill McDermott highlighted that the adoption of the company&#8217;s generative AI-oriented products is contributing significantly to the increase in earnings. McDermott stated, &#8220;I doubt you could have had these extraordinary results without generative AI,&#8221; <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-24/servicenow-reports-strong-sales-on-expanded-product-line?sref=TBDibEcD" rel="noreferrer noopener">reported </a>Bloomberg.
ServiceNow expects third-quarter subscription revenue of $2.66 billion to $2.665 billion, representing growth of 20% to 20.5% on a year-over-year basis.&nbsp;
ServiceNow&#8217;s expansion of its product line has positioned it in more direct competition with peers like Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) and Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>).
McDermott emphasized that ServiceNow is experiencing significant improvement in their customer service and employee-oriented solutions, which directly compete with offerings from Salesforce and Workday, Bloomberg added.
Price Action: NOW shares are trading higher by 6.04% to $775.00&nbsp;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.
Image: Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39945781/meta-cracks-down-on-nigerian-yahoo-boys-in-massive-sextortion-scam-purge-bans-63k-accounts" target="_blank" rel="noreferrer noopener">Meta Cracks Down On Nigerian &#8216;Yahoo Boys&#8217; In Massive Sextortion Scam Purge, Bans 63K Accounts</a></li>
</ul>

Equities

Markets

Movers

General

WDAY

XDAT

Why ServiceNow Shares Are Rising Today

In the realm of space exploration, China&#8217;s uncrewed reusable spacecraft has been the subject of much speculation. Experts believe that the secretive spacecraft, currently on its third mission, maybe testing technologies for manipulating or retrieving satellites.
What Happened: The spacecraft was observed in June releasing an object, moving several kilometers away, and then repositioning itself near the object, Reuters reported on Thursday.
&#8220;It&#8217;s obvious that it has a military application, including, for example, closely inspecting objects of the enemy or disabling them,&#8221; stated Marco Langbroek, a lecturer at Delft University of Technology in the Netherlands.
Besides potential military uses, the spacecraft could also be used for non-military purposes, such as refueling satellites. As militaries worldwide are developing intricate satellite networks, a reusable spacecraft with such capabilities could be of immense value, Langbroek and three other experts noted.
See Also: <a href="https://www.benzinga.com/markets/asia/24/07/39950335/taiwan-unveils-100b-economic-reform-plan-after-trump-said-it-should-pay-us-for-defense-will-fuel-nvi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Taiwan Unveils $100B Economic Reform Plan After Trump Said It Should &#8216;Pay Us For Defense:&#8217; Will Fuel Nvidia, TSMC And Apple iPhone Assembler&#8217;s AI Plans</a>
Victoria Samson, chief director of space security and stability at the Secure World Foundation think tank in Washington, D.C., believes that China&#8217;s spaceplane is likely testing technology similar to the X-37B. 
&#8220;I am guessing that both are technology demonstrators,&#8221; she added.
The current flight of the Chinese spaceplane began in December 2023. Its previous mission, which also involved putting a separate object in space and retrieving it, launched in August 2022 and lasted 276 days, according to tracking data.
Why It Matters: The technologies being tested by the spacecraft have not been disclosed by China, and the spacecraft has not been publicly photographed since it began operating. The U.S. first launched its uncrewed Boeing X-37B spaceplane in 2010, while Russia has recently launched several satellites that U.S. officials suspect may be weapons, a charge Russia has denied.
Amid escalating tensions between <a href="https://www.benzinga.com/news/24/07/39858529/amid-russia-china-tensions-us-bolsters-defenses-with-new-satellite-jammers-that-can-responsibly-coun">Russia and China,</a> the U.S. has been bolstering its defenses with new satellite jammers designed to disrupt information transmission from Chinese or Russian satellites during conflicts.
Earlier this year, China&#8217;s Ministry of State Security reported <a href="https://www.benzinga.com/news/24/05/38891429/china-slams-rival-nations-amid-espionage-attempts-in-space-sector-spare-no-effort-to-contain-and-sup">several instances of espionage</a> in its space sector, accusing rival nations of attempting to steal China's latest space research findings.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39950809/is-elon-musk-right-about-population-crisis-japan-faces-fastest-population-drop-since-1960s-registers?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Is Elon Musk Right About Population Crisis? Japan Faces Fastest Population Drop Since 1960s, Registers 15th Consecutive Year Of Decline</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

China's New Reusable Spacecraft Alarms Experts: 'Obvious That It Has A Military Application'

Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintains Walker &amp; Dunlop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WD#NYSE">WD</a>) with a Market Perform and raises the price target from $105 to $112.

Keefe, Bruyette & Woods Maintains Market Perform on Walker & Dunlop, Raises Price Target to $112

Barclays analyst Brandt Montour maintains Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) with a Overweight and lowers the price target from $57 to $52.

Barclays Maintains Overweight on Las Vegas Sands, Lowers Price Target to $52

2024 Outlook
Based on our performance during the first half of 2024 and both current and anticipated market conditions, the Company's full-year targets for 2024, as compared with those targets that have been previously provided are as follows. Refer to the Supplemental Slides for additional detail.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="2">Previous Targets</td>
<td colspan="2">Updated Targets</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Revenue</td>
<td colspan="2">$9.9+ billion</td>
<td colspan="2">$9.9+ billion&#x2A;</td>
</tr>
<tr>
<td>Adjusted Operating Margin</td>
<td colspan="2">22.5%-23.5%</td>
<td colspan="2">23.0%-23.5%</td>
</tr>
<tr>
<td>Adjusted Diluted EPS</td>
<td colspan="2">$15.40-$17.00</td>
<td colspan="2">$16.00-$17.00</td>
</tr>
<tr>
<td>Transformation Program Annual Cost Savings</td>
<td colspan="2">~$425 million</td>
<td colspan="2">~$450 million</td>
</tr>
<tr>
<td>Transformation Program Costs to Achieve</td>
<td colspan="2">~$1.125 billion</td>
<td colspan="2">~$1.175 billion</td>
</tr>
<tr>
<td>Non-Cash Pension Income</td>
<td colspan="2">$88 million</td>
<td colspan="2">$88 million&#x2A;</td>
</tr>
<tr>
<td>Foreign-Currency Headwind on Adjusted Diluted EPS</td>
<td colspan="2">$0.05</td>
<td colspan="2">$0.10</td>
</tr>
</tbody>
</table>
</figure>
&#x2A;No update to previous target.
Outlook includes Non-GAAP financial measures. We do not reconcile forward-looking Non-GAAP measures for reasons explained below.

Willis Towers Watson Raises FY24 EPS Outlook From $15.40-$17 To $16-$17 Vs $16.27 Est.; Sees FY24 Revenue $9.9B+ Vs $9.96B Est.

Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintains Newmark Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMRK#NASDAQ">NMRK</a>) with a Market Perform and raises the price target from $11.25 to $13.

NMRK

Keefe, Bruyette & Woods Maintains Market Perform on Newmark Group, Raises Price Target to $13

SCWO

374Water Achieves Milestone With Successful Destruction Of Pharmaceutical Waste For Manufacturer; Demonstrates Versatility Of AirSCWO Technology In Treating Complex Waste Streams

Barclays analyst Tom O'Malley maintains KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) with a Equal-Weight and raises the price target from $765 to $800.

KLAC

Barclays Maintains Equal-Weight on KLA, Raises Price Target to $800

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/07/24/final-trades-lockheed-martin-te-connectivity-u-s-2-year-treasuries-and-the-xlu.html">Halftime Report Final Trades</a>,&#8221; Jason Snipe of Odyssey Capital Advisors said he likes Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), which reported a nice beat on the top and <a href="https://www.benzinga.com/news/24/07/39941283/lockheed-martin-shares-climb-on-positive-analyst-ratings-and-strong-q2-results">bottom lines this week</a>.
On July 23, the aerospace and defense giant reported earnings per share (EPS) of $7.11 for the second quarter 2024, surpassing analysts' expectations of $6.46. 
Additionally, revenue for the quarter reached $18.122 billion, exceeding the anticipated $17.044 billion. Lockheed Martin expects FY24 net sales of $70.50 billion-$71.5 billion (prior $68.5 billion–$70 billion) versus the consensus of $69.822 billion. LMT sees EPS of $26.10-$26.60 (prior $25.65 – $26.35) versus the consensus of $26.29.
Anastasia Amoroso of iCapital named The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) as her final trade.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>.
Stephen Weiss of Short Hills Capital Partners picked U.S. 2 Year Treasury.
Joe Terranova of Virtus Investment Partners named TE Connectivity Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) as his final trade.
On July 24, TE Connectivity posted mixed results for the third quarter. The company reported adjusted earnings of $1.91 per share, beating market estimates of $1.86 per share. Its sales came in at $3.979 billion, missing expectations of $4.013 billion. The company sees fourth-quarter net sales of $4.0 billion and adjusted earnings of $1.94 per share
Price Action:
<ul>
<li>Lockheed Martin shares gained 2.8% to close at $515.20 on Wednesday.</li>
<li>The Utilities Select Sector SPDR Fund gained 1.1% during Wednesday's session.</li>
<li>TE Connectivity shares gained 3.6% to settle at $156.85 on Wednesday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39931967/nvidia-mcdonalds-and-2-other-stocks-insiders-are-selling">Nvidia, McDonald&#8217;s And 2 Other Stocks Insiders Are Selling</a></li>
</ul>

Long Ideas

Media

Trading Ideas

Lockheed Martin, TE Connectivity And More: CNBC's 'Final Trades'

Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintains Jones Lang LaSalle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JLL#NYSE">JLL</a>) with a Market Perform and raises the price target from $200 to $240.

Keefe, Bruyette & Woods Maintains Market Perform on Jones Lang LaSalle, Raises Price Target to $240

LADR

Ladder Cap Q2 2024 Adj EPS $0.31 Beats $0.30 Estimate, Sales $76.725M Miss $86.804M Estimate

Safe and Green Development Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGD#NASDAQ">SGD</a>) ("SG Devco" or the "Company") announces that it entered into a joint venture for the purpose of developing and constructing single-family homes. &nbsp;Through the joint venture, SG Devco has secured 5 lots for the initial phase of the development, with plans to expand to a total of 24 lots.

Safe and Green Development Corp. Expands Portfolio In Texas, Securing 5 Lots For The Initial Phase Of The Development, With Plans To Expand To A Total Of 24 Lots

Collaboration With Columbia University Aims To Broaden Access To Cellular Therapies And Inform Gene Therapy Conditioning Study

Biotech

ATNM

Actinium Pharmaceuticals Announces FDA Clearance For IND Application To Study Iomab-ACT As Targeted Conditioning Prior To Bone Marrow Transplant In Sickle Cell Disease Patients

Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintains CBRE Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) with a Market Perform and raises the price target from $100 to $110.

CBRE

Keefe, Bruyette & Woods Maintains Market Perform on CBRE Group, Raises Price Target to $110

Barclays analyst Julien Roch maintains Interpublic Gr of Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>) with a Equal-Weight and lowers the price target from $35 to $34.

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Madison ETFs Trust Madison Covered Call ETF

News

Latest news for Madison ETFs Trust Madison Covered Call ETF (ARCA:CVRD)