Latest news for D2L (OTC:DTLIF) Stock

D2L Inc is a learning innovation company. It provides cloud-based learning software for higher education institutions, kindergarten to grade 12 (K-12) schools and districts, and private sector enterprises. The company serves K-12, higher education, associations, and the corporate sector. Its product includes D2L Brightspace and D2L Wave.

D2L Inc

Piper Sandler analyst Arvind Ramnani upgrades Dayforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAY#NYSE">DAY</a>) from Neutral to Overweight and raises the price target from $68 to $71.

News

Upgrades

Price Target

Analyst Ratings

Piper Sandler Upgrades Dayforce to Overweight, Raises Price Target to $71

Former United States President Donald Trump has launched a line of limited-edition Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-themed sneakers following his <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40070328/trump-raises-25m-at-bitcoin-conference-in-nashville-second-highest-fundraiser-across-campa">keynote address at the Bitcoin 2024 conference. </a>
What Happened: This development marks a significant shift in the intersection of political campaigning and digital asset promotion, The Block <a href="https://www.theblock.co/post/308565/donald-trump-selling-bitcoin-sneakers-after-keynote-speech-at-bitcoin-2024?utm_source=rss&amp;utm_medium=rss">reported</a>.
Trump, the Republican candidate for the upcoming presidential election, delivered a speech at the conference on Saturday, where he made bold promises regarding cryptocurrency policy should he be re-elected. 
These included pledges <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40018935/trumps-bitcoin-conference-pledge-can-he-really-fire-sec-chair-gensler">to dismiss</a> the current Securities and Exchange Commission (SEC) Chairman, Gary Gensler, and to halt the United States&#8217; Bitcoin sales in favor of establishing a &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39975390/trumps-bitcoin-support-a-political-no-brainer-to-garner-votes-says-peter-schiff-promise-to">strategic Bitcoin reserve.</a>&#8220;
Following the conference, the former president took to his social media platform, Truth Social, to announce the release of the Bitcoin sneakers. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40071441/inflated-solana-metrics-mean-its-overvalued-compared-to-ethereum-report-claims">Inflated Solana Metrics Mean It&#8217;s &#8216;Overvalued&#8217; Compared To Ethereum, Report Claims</a>
&#8220;These are Limited Edition, they are each numbered, and you can now pay with Bitcoin or your favorite Crypto,&#8221; Trump stated in his post, directly linking the product launch to his conference appearance.
This latest venture into cryptocurrency-related merchandise follows Trump&#8217;s previous forays into the digital asset space, including his campaign&#8217;s acceptance of <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38952866/trump-accepts-cryptocurrency-donations-in-bitcoin-ethereum-shiba-inu-dogecoin-and-more-say">political donations</a> in various cryptocurrencies and <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35100775/donald-trumps-second-nft-sales-skyrocket-350-amid-buzz-surrounding-ex-president-becoming-h">his association</a> with non-fungible token (NFT) collections featuring his likeness.
The timing of this announcement is particularly noteworthy as it precedes Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event scheduled for Nov. 19.
Read Next:
<ul>
<li><a style="font-weight: bold;" href="https://www.benzinga.com/markets/cryptocurrency/24/07/40066426/sec-charges-bitclout-founder-with-257m-crypto-fraud-scheme">SEC Charges BitClout Founder With $257M Crypto Fraud Scheme</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Trump Launches Limited Edition Bitcoin-Themed Sneakers Following Bitcoin 2024 Keynote: Report

<a href="https://www.youtube.com/watch?v=ceWX6dbED6w" title="https://www.youtube.com/watch?v=ceWX6dbED6w">https://www.youtube.com/watch?v=ceWX6dbED6w</a>

Macro Notification

General

iShares MSCI Israel Capped Investable Market Index Fund

US Confident It Can Still Communicate With Hamas, Says State Dept.; State Department Spokesman Vedant Patel Briefs Reporters

Benchmark analyst Mark Miller reiterates Advanced Energy Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEIS#NASDAQ">AEIS</a>) with a Buy and maintains $117 price target.

Reiteration

AEIS

Benchmark Reiterates Buy on Advanced Energy Indus, Maintains $117 Price Target

Benchmark analyst Mark Miller downgrades IPG Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) from Buy to Hold.

Downgrades

IPGP

Benchmark Downgrades IPG Photonics to Hold

Benchmark analyst Fawne Jiang maintains iQIYI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) with a Buy and lowers the price target from $9 to $5.

Benchmark Maintains Buy on iQIYI, Lowers Price Target to $5

QUALCOMM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) shares, along with other chip-related stocks, are moving higher Wednesday in sympathy with Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) which reported better-than-expected 2024 fiscal year second quarter <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40069119/can-amd-stock-hit-180-ai-growth-fuels-data-center-dominance-over-intel">earnings on Tuesday</a>.
What Happened: AMD reported EPS of 69 cents beating analyst estimates of 68 cents and revenue of $5.83 billion beating analyst estimates of $5.72 billion.
Revenue from AMD&#8217;s data center segment was $2.8 billion, a record high that represents a 115% year-over-year growth.
AMD sees third quarter revenue between $6.4 billion and $7 billion versus analyst estimates of $6.61 billion.
QUALCOMM is set to release its third quarter fiscal earnings on Wednesday after the market closes. Analyst estimates EPS of $2.25 and revenue of $9.21 billion.
What Else: Some stocks in the chip sector might be <a href="https://www.benzinga.com/markets/equities/24/07/40075799/semiconductor-stocks-set-for-strongest-day-in-5-months-as-chip-export-concerns-subside-top-wedne">climbing </a>as a result of recent reports regarding a new Biden administration rule on foreign chip <a href="https://www.benzinga.com/news/24/07/40073760/why-asml-stock-is-climbing-today">equipment exports to China</a>. According to Reuters, the new rule would expand U.S. authority to block the export of semiconductor manufacturing tools from some foreign nations to Chinese chipmakers.
Chinese foreign ministry spokesperson Lin Jian told Reuters that efforts by the U.S. to &#8220;coerce other countries into suppressing China&#8217;s semiconductor industry&#8221; undermines global trade and hurts all parties.
The spokesperson also stated, &#8220;Containment and suppression cannot stop China&#8217;s development, but will only enhance China&#8217;s determination and ability to develop its scientific and technological self-reliance.&#8221;
Certain countries may be exempt from the rule, including Japan, the Netherlands and South Korea. The Biden administration is anticipated to release the rule next month.
Related Link: <a href="https://www.benzinga.com/news/24/07/40070716/meta-slammed-for-reportedly-profiting-from-ads-promoting-illegal-drugs">Meta Slammed For Reportedly Profiting From Ads Promoting Illegal Drugs</a>
QCOM Price Action: At the time of publication, QUALCOMM shares are trading 5.24% higher at $175.69 per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shuttershock

Movers

QCOM

What's Going On With QUALCOMM Shares Wednesday?

The performance of Microsoft Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Azure cloud segment and future artificial intelligence initiatives are keys to the stock for analysts after <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">fourth-quarter financial results.</a>
While Azure and AI got the headlines, one analyst was surprised by the lack of color on the impact the Microsoft Outage caused by a CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) update could have in the future. 
<h3 class="wp-block-heading">The Microsoft Analysts</h3>
<ul>
<li>Goldman Sachs analyst Kash Rangan reiterated a Buy rating and $515 price target.</li>
<li>Oppenheimer analyst Timothy Horan reiterated an Outperform rating and $500 price target.</li>
<li>Stifel analyst Brad Reback reiterated a Buy rating and $475 price target.</li>
<li>BMO Capital analyst Keith Bachman reiterated an Outperform rating and $500 price target.</li>
<li>Truist analyst Joel Fishbein reiterated a Buy rating and $600 price target.</li>
<li>JPMorgan analyst Mark Murphy reiterated an Overweight rating and $470 price target.</li>
<li>KeyBanc analyst Jackson Ader reiterated an Overweight rating and $490 price target.</li>
<li>Piper Sandler analyst Brent Bracelin reiterated an Overweight rating and $485 price target.</li>
</ul>
Goldman Sachs: Strong early demand signal for Microsoft products justifies a ramp of spending, Rangan said.
Microsoft Azure's lower-than-expected growth, higher CapEx and soft guidance are less in focus Wednesday. The company's earnings call showed guidance for Azure in the first half of the next fiscal year and optimism for generative AI products.
"The anticipated uptick in CapEx is unlikely to sway MSFT away from its consistent Op Inc growth target, though may come at the expense of FCF growth more than we initially thought," Rangan said.
The analyst said Microsoft can capitalize on "a number of long-term secular trends" including generative AI, cloud consumption and digital transformation.
Read Also: <a href="https://www.benzinga.com/news/24/07/40061358/satya-nadella-says-microsofts-copilot-drives-40-of-githubs-revenue-growth-we-are-also-enabling-anyon">Satya Nadella Says Microsoft&#8217;s Copilot Drives 40% Of GitHub&#8217;s Revenue Growth: We Are Also &#8216;Enabling Anyone To Use Natural Language To Create Apps…&#8217;</a>
Oppenheimer: Weaker than expected Azure revenue in the fourth quarter could have been due to supply constraints, Horan said.
"Azure saw pushout in revenue on some supply constraints, but also as enterprises curate their data," Horan said.
The analyst said Microsoft can revisit its "PC-era-type dominance" with AI for enterprises.
Horan said capex spending will remain elevated to support future demand for AI and cloud offerings.
"The company remained very optimistic about AI demand and Copilot in particular," Horan said.
Azure AI ended the quarter with over 60,000 users, up 60% year-over-year. The company also reported that average spending per Azure AI customer is growing.
Stifel: Shares selling off after-hours is "short-term noise," Reback said in a new investor note.
The analyst said investors should focus on the "longer-term acceleration" for Microsoft.
"While the supply constraints and European consumption weakness create some near-term uncertainty, we believe the commercial bookings growth points to sustained revenue gains/free cash flow growth for years to come," Reback said.
BMO Capital: There were a few positives in the fourth quarter including free cash flow generation and upside for the Productivity and Business Processes, and More Personal Computing business segments, Bachman said.
Bachman said Microsoft missing on Azure guidance was the key takeaway and guidance for the future could also be viewed as disappointing for investors.
"Management noted that Azure growth will accelerate in 2HFY25, helped by reduced capacity constraints, which we think will be well-received by investors," Bachman said.
Microsoft's Azure business had beat estimates in the last three quarters and hadn't missed since the September 2022 quarter, the analyst added.
"We think Azure has a solid pipeline and note that AI still has a long runway ahead."
Truist: Capacity constraints in AI and weakness in Europe led to lower Azure growth, Fishbein said.
The analyst said demand signals remain strong for Microsoft going forward and non-Azure items saw strong performance in the quarter.
"There were many positive demand indicators for their family of Copilot products and AI services that management highlighted on the call spurring their continued path of increased capital and knowledge investments," Fishbein said.
Microsoft is "leveraging their AI footprint" for their portfolio of products, the analyst added.
"We continue to believe that we are in the very early innings of the rollout of generative AI apps."
Fishbein was surprised that Microsoft didn't provide more commentary on the outage caused by CrowdStrike.
"Ramification from global IT outage caused by CrowdStrike remains to be seen."
The analyst said there could be future settlements and discounts to customers.
JPMorgan: Lower Azure revenue growth may have been expected ahead of earnings Murphy said.
The analyst said survey research shows that Azure product momentum ratings had dropped before the quarterly results.
"We don't think investors were prepared to see Azure deceleration at this juncture because of the perceived improvement in optimizations and cloud migrations," Murphy said.
The analyst said the long-term growth for Azure and AI is clear.
"We believe Microsoft's AI momentum remains intact and long-term trajectory unperturbed."
Microsoft is in the "pole position" for the mega-trend of AI, the analyst added.
KeyBanc: Azure revenue, higher capex and a lack of acceleration for Office 365 Commercial revenue were three disappointments in the fourth quarter for Ader.
"Azure remains capacity-constrained on the AI front, which gives that line item some wiggle room as we wait for the expected acceleration in the second half of the year," Ader said.
The analyst said there is a level of trust for investors with Microsoft stock.
"Trust that AI will deliver on its promises, trust that assets aren't as fixed as they seem, trust that management would be willing to adapt under changing facts."
Piper Sandler: Record bookings in the fourth quarter could be greater than the disappointing Azure consumption, Bracelin said in a new investor note.
"The 3% AMC (after market close) sell-off in MSFT shares on Azure growth moderating slightly to 30% CC (constant currency) coupled with a $19B capex+lease investment shows the hypersensitivity to an AI overbuild narrative," Bracelin said.
The analyst said Microsoft had many positives in the quarter including record bookings of $10 million and $100 million in size, strong operating cash flow, AI demand ahead of capacity, and capex being used on "long-life assets" for future growth.
"We would be buyers on the weakness in MSFT."
MSFT Price Action: Microsoft shares are down 2% to $416.31 on Wednesday versus a 52-week trading range of $309.45 to $468.35.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/40060524/microsoft-to-offer-one-time-cash-reward-to-employees-worth-up-to-25-of-their-bonus-after-q4-earn">Microsoft To Offer One-Time Cash Reward To Employees Worth Up To 25% Of Their Bonus, After Q4 Earnings Beat Estimates: Report</a></li>
</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="&#x1f534;WATCH LIVE: Microsoft Q4 2024 Earnings Call &#x7C; $MSFT" width="500" height="281" src="https://www.youtube.com/embed/Cb_WyMkkhBQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
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Analyst Color

Trading Ideas

CRWD

MSFT

Microsoft Stock Slide From Azure Weakness Brushed Off By Analysts: 'Azure Has Solid Pipeline, AI Has Long Runaway Ahead'

Benchmark analyst Bill Sutherland reiterates Huron Consulting Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HURN#NASDAQ">HURN</a>) with a Buy and maintains $140 price target.

HURN

Benchmark Reiterates Buy on Huron Consulting Gr, Maintains $140 Price Target

eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) will release its second quarter financial results, after the <a href="https://www.benzinga.com/quote/EBAY/earnings">closing bell on Wednesday, July 31</a>.
Analysts expect the San Jose, California-based company to report quarterly earnings at $1.13 per share, up from $1.03 per share in the year-ago period. Starbucks expects to post revenue of $2.53 billion, compared to $2.51 billion a year ago, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On May 1, eBay posted better-than-expected first-quarter results.
eBay shares gained 1.5% to close at $55.40 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/EBAY/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/596f57cb35f48b00011db3ec/deepak-mathivanan">Wolfe Research analyst Deepak Mathivanan</a> initiated coverage on the stock with a Peer Perform rating on July 16. This analyst has an accuracy rate of 80%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/591479b8290fa7000138e4b4/doug-anmuth">JP Morgan analyst Doug Anmuth</a> reinstated a Neutral rating with a price target of $60 on June 25. This analyst has an accuracy rate of 84%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d3cdb7b85e930001808a59/daniel-kurnos">Benchmark analyst Daniel Kurnos</a> reiterated a Buy rating with a price target of $58 on June 17. This analyst has an accuracy rate of 73%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58933b2143eaaa0001698f52/colin-sebastian">Baird analyst Colin Sebastian</a> maintained an Outperform rating and raised the price target from $57 to $58 on June 17. This analyst has an accuracy rate of 77%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58bd551cb85e930001592b02/youssef-squali">Truist Securities analyst Youssef Squali</a> maintained a Hold rating and boosted the price target from $48 to $50 on May 6. This analyst has an accuracy rate of 80%.</li>
</ul>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40039797/top-3-health-care-stocks-you-may-want-to-dump-this-quarter">Top 3 Health Care Stocks You May Want To Dump This Quarter</a></li>
</ul>

Earnings

Markets

EBAY

eBay Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Benchmark analyst Mike Hickey maintains Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) with a Buy and raises the price target from $153 to $163.

Benchmark Maintains Buy on Electronic Arts, Raises Price Target to $163

U.S. stocks were higher, with the Dow Jones index gaining over 200 points on Wednesday.
Shares of Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) surged 15% to $38.74 after the company reported better-than-expected second-quarter revenue results and issued str<a href="https://www.benzinga.com/news/earnings/24/07/40051630/match-group-stock-climbs-on-strong-q2-results-hinge-revenue-up-48">ong third-quarter revenue guidance</a>.
Match Group reported quarterly earnings of 48 cents per share, in-line with the analyst consensus estimate. Quarterly sales clocked in at $864 million which beat the analyst consensus estimate of $856.4 million and is a 4.15% increase from the same period last year.
Match Group surged 15% to $38.74 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Powell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) jumped 33.2% to $177.43 after the company reported better-than-expected Q3 GAAP EPS and sales.</li>
<li>Stardust Power Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDST#NASDAQ">SDST</a>) shares surged 23.9% to $14.65.</li>
<li>Modine Manufacturing Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) surged 20.2% to $118.85 after the company reported better-than-expected&nbsp;first-quarter&nbsp;financial results.</li>
<li>Cassava Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>) surged 19.6% to $21.01.</li>
<li>Fiverr International Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FVRR#NYSE">FVRR</a>) jumped 18.5% to $25.94 after the company reported better-than-expected second-quarter financial results.</li>
<li>Parsons Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSN#NYSE">PSN</a>) gained 16.4% to $89.82 after the company reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li>Talen Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NYSE">TLN</a>) rose 13.6% to $125.98.</li>
<li>The Scotts Miracle-Gro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMG#NYSE">SMG</a>) jumped 12.7% to $79.17 following better-than-expected quarterly financial results.</li>
<li>Caesars Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) gained 12.6% to $41.56 following second-quarter earnings.</li>
<li>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) jumped 11.1% to $187.41.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) gained 11% to $115.04.</li>
<li>Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) rose 8.8% to $338.70 as the company reported better-than-expected second-quarter financial results and raised its third-quarter revenue guidance.</li>
<li>Teva Pharmaceutical Industries Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) gained 8.7% to $17.84 after the company reported better-than-expected quarterly financial results and issued FY24 guidance.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/40068197/jim-cramer-says-this-home-improvement-chain-is-a-buy-ahead-of-fed-rate-cut-cycle-i-would">Jim Cramer Says This Home Improvement Chain Is A Buy Ahead Of Fed Rate Cut Cycle: &#8216;I Would Pick Some Up Tomorrow&#8217;</a></li>
</ul>

Intraday Update

ANET

FVRR

MTCH

NVDA

POWL

SAVA

SDST

TEVA

Match Group Posts Upbeat Sales, Joins Modine Manufacturing, Scotts Miracle-Gro, NVIDIA  And Other Big Stocks Moving Higher On Wednesday

Designed to provide broad exposure to the Small Cap Growth segment of the US equity market, the iShares Morningstar Small-Cap Growth ETF (ARCA:ISCG) is a passively managed exchange traded fund launched on 06/28/2004.
The fund is sponsored by Blackrock (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>). It has amassed assets over $583.77 million, making it one of the average sized ETFs attempting to match the Small Cap Growth segment of the US equity market.
<h2>Why Small Cap Growth</h2>
With more potential comes more risk, and small cap companies, with market capitalization below $2 billion, epitomizes this way of thinking.
Growth stocks have higher than average sales and earnings growth rates. While these are expected to grow faster than the broader market, they also have higher valuations. Also, growth stocks are a type of equity that carries more risk compared to others. When you consider growth versus value, growth stocks are usually the clear winner in strong bull markets but tend to fall flat in nearly all other environments.
<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 0.06%, making it the least expensive products in the space.
It has a 12-month trailing dividend yield of 0.63%.
<h2>Sector Exposure and Top Holdings</h2>
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund&#39;s holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Industrials sector--about 23.10% of the portfolio. Healthcare and Information Technology round out the top three.
Looking at individual holdings, Microstrategy Inc Class A&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) accounts for about 1.09% of total assets, followed by Natera Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntra#NASDAQ">NTRA</a>) and Texas Roadhouse Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txrh#NASDAQ">TXRH</a>).
The top 10 holdings account for about 5.93% of total assets under management.
<h2>Performance and Risk</h2>
ISCG seeks to match the performance of the MORNINGSTAR US SML CP BRD GRWTH EXTD ID before fees and expenses. The Morningstar US Small Cap Broad Growth Extended Index comprises of small-capitalization U.S. equities that exhibit growth characteristics.
The ETF has gained about 9.02% so far this year and is up about 12.33% in the last one year (as of 07/31/2024). In the past 52-week period, it has traded between $35.43 and $48.99.
The ETF has a beta of 1.08 and standard deviation of 23.73% for the trailing three-year period. With about 1000 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
IShares Morningstar Small-Cap Growth ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, ISCG is a great option for investors seeking exposure to the Style Box - Small Cap Growth segment of the market. There are other additional ETFs in the space that investors could consider as well.
The iShares Russell 2000 Growth ETF (ARCA:IWO) and the Vanguard Small-Cap Growth ETF (ARCA:VBK) track a similar index. While iShares Russell 2000 Growth ETF has $11.99 billion in assets, Vanguard Small-Cap Growth ETF has $17.61 billion. IWO has an expense ratio of 0.24% and VBK charges 0.07%.
<h2>Bottom-Line</h2>
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/2312602/should-ishares-morningstar-small-cap-growth-etf-iscg-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2312602">To read this article on Zacks.com click here.</a>

Small Cap

ETFs

ISCG

MSTR

NTRA

TXRH

Should iShares Morningstar Small-Cap Growth ETF Be on Your Investing Radar?

Rivian Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares are trading higher by 4% to $16.87 during Wednesday&#8217;s session amid overall market strength. Major indexes are higher as chip and tech stocks gain following <a href="https://www.benzinga.com/news/earnings/24/07/40060832/amd-skyrockets-over-9-lifting-along-with-ai-rival-nvidia-whats-going-on">strong earnings</a> from Advanced Micro Devices, Inc..
The semiconductor industry, particularly companies like AMD, plays a crucial role in the production of electric vehicles (EVs). Strong performance and positive outlooks in the semiconductor sector can boost investor confidence in EV manufacturers, as semiconductors are vital components in EVs.
Innovations and advancements in semiconductor technology also directly benefit EV companies by providing more efficient, powerful, and cost-effective components. AMD&#8217;s strong performance may indicate such advancements, which in turn could enhance Rivian&#8217;s product offerings.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/07/40066164/boeings-q2-earnings-huge-revenue-decline-lower-deliveries-names-former-aerospace-industries-associa">Boeing&#8217;s Q2 Earnings: Huge Revenue Decline, Lower Deliveries, Names Former Aerospace Industries Association Chair Kelly Ortberg As New CEO</a>
<h2 class="wp-block-heading">How To Buy RIVN Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, RIVN has a 52-week high of $27.64 and a 52-week low of $8.26.

RIVN

What's Going On With Rivian (RIVN) Stock?

Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the WisdomTree U.S. SmallCap Dividend ETF (ARCA:DES) is a smart beta exchange traded fund launched on 06/16/2006.
<h2>What Are Smart Beta ETFs?</h2>
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.
There are some investors, though, who think it&#39;s possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
By attempting to pick stocks that have a better chance of risk-return performance, non-cap weighted indexes are based on certain fundamental characteristics, or a combination of such.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
<h2>Fund Sponsor &amp; Index</h2>
The fund is managed by Wisdomtree, and has been able to amass over $2.06 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. Before fees and expenses, DES seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index.
The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market.
<h2>Cost &amp; Other Expenses</h2>
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same.
Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.
It&#39;s 12-month trailing dividend yield comes in at 2.58%.
<h2>Sector Exposure and Top Holdings</h2>
It is important to delve into an ETF&#39;s holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
Representing 27.60% of the portfolio, the fund has heaviest allocation to the Financials sector; Industrials and Consumer Discretionary round out the top three.
Looking at individual holdings, Organon &amp; Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ogn#NYSE">OGN</a>) accounts for about 1.57% of total assets, followed by TFS&nbsp;Financial Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tfsl#NASDAQ">TFSL</a>) and Allete Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ale#NYSE">ALE</a>).
The top 10 holdings account for about 8.19% of total assets under management.
<h2>Performance and Risk</h2>
The ETF return is roughly 9.65% and it&#39;s up approximately 17.30% so far this year and in the past one year (as of 07/31/2024), respectively. DES has traded between $26.55 and $34.83 during this last 52-week period.
The fund has a beta of 1.09 and standard deviation of 19.51% for the trailing three-year period, which makes DES a medium risk choice in this particular space. With about 595 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
WisdomTree U.S. SmallCap Dividend ETF is a reasonable option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. However, there are other ETFs in the space which investors could consider.
Avantis U.S. Small Cap Value ETF (ARCA:AVUV) tracks ---------------------------------------- and the Vanguard Small-Cap Value ETF (ARCA:VBR) tracks CRSP U.S. Small Cap Value Index. Avantis U.S. Small Cap Value ETF has $13.13 billion in assets, Vanguard Small-Cap Value ETF has $29.85 billion. AVUV has an expense ratio of 0.25% and VBR charges 0.07%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value.
<a href="https://www.zacks.com/stock/news/2312604/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-BENZ-FT-smart_beta_etf-2312604">To read this article on Zacks.com click here.</a>

AVUV

WisdomTree Trust WisdomTree SmallCap Dividend

TFSL

Is WisdomTree U.S. SmallCap Dividend ETF a Strong ETF Right Now?

GE Healthcare Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) reported second-quarter sales of $4.84 billion, flat year over year and up 1% organically, with positive price and volume. However, it marginally missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $4.87 billion</a>.
Net income attributable to GE HealthCare was $428 million compared to $418 million the prior year, and Adjusted EBIT was $742 million&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b40062177/ge-healthcare-reports-second-quarter-2024-financial-results" rel="noreferrer noopener">compared to $711 million.</a>
Total company book-to-bill, defined as Total orders divided by Total revenues, was solid at 1.06 times. Total company orders increased 3% organically year-over-year.
The company posted an adjusted EPS of $1.00, compared to $0.92 in the prior year, beating the consensus of $0.98.
Related: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39967136/ge-healthcare-taps-aws-for-groundbreaking-ai-medical-solutions-details" rel="noreferrer noopener">GE HealthCare Taps AWS for Groundbreaking AI Medical Solutions: Details</a>.
Imaging segment revenues of $2.6 billion, down 1% Y/Y on the reported basis and flat organically.
Ultrasound segment revenues of&nbsp;$823 million&nbsp;declined by 2% (-1% organically).
Patient Care&nbsp;Solutions&#8217;&nbsp;Revenues are&nbsp;$772 million, flat year-over-year (+1% organically)
Pharmaceutical&nbsp;Diagnostics&#8217;&nbsp;revenues of&nbsp;$639 million&nbsp;increased by 12% reported and 14% organically.
GE HealthCare President and CEO Peter Arduini said, &#8220;In the second quarter, we delivered year-over-year sales growth and margin expansion despite headwinds in the China market. We also reported solid orders growth with particular strength in the U.S., as healthcare systems invest in technologies that enhance patient care and improve productivity. We are pleased with our continued progress in advancing our margin goals while continuing our investments for future growth.&#8221;
Guidance:&nbsp;Due to China market headwinds, GE Healthcare expects 2024 organic revenue growth of 1%- 2% year over year versus the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38525477/ge-healthcares-q1-earnings-miss-wall-street-projections-but-it-sticks-to-annual-guidance" rel="noreferrer noopener">prior guidance of approximately 4%</a>.
The company expects 2024 adjusted EPS of&nbsp;$4.20-$4.35&nbsp;versus consensus of&nbsp;$4.27.
Price Action: At last check on Wednesday, GEHC stock was up 4.03% to $85.98.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/06/39465287/supreme-court-backs-pharmaceutical-giants-in-iraq-terrorism-funding-case" target="_blank" rel="noreferrer noopener">Supreme Court Backs Pharmaceutical Giants in Iraq Terrorism Funding Case</a>.</li>
</ul>
Photo via Wikimedia Commons

Large Cap

Guidance

Health Care

GEHC

GE Healthcare Clocks Q2 Topline Growth Despite China Headwind, Adjusts Revenue Outlook For 2024

Benchmark analyst Fawne Jiang maintains Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) with a Buy and lowers the price target from $180 to $135.

BIDU

Benchmark Maintains Buy on Baidu, Lowers Price Target to $135

Raymond James analyst Josh Beck maintains Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) with a Strong Buy and raises the price target from $65 to $70.

RDDT

Raymond James Maintains Strong Buy on Reddit, Raises Price Target to $70

The broader U.S. equity markets witnessed a modest uptrend over the past few trading days, buoyed by optimism related to rate cuts driven by easing inflationary pressures and solid economic metrics that portrayed the resilience of the economy. In addition, a relatively healthy earnings performance from hitherto reported companies ignited hopes of a possible rate cut as early as September.
The markets now await the Federal Reserve&#39;s update on the monetary policy as it wraps up its policy meeting later today. Although the Fed is widely expected to keep the benchmark funds rate steady in the 5.25% to 5.5% range, investors are seeking cues for probable cuts in the near future. With a better-than-expected 2.8% annualized GDP growth in the second quarter and a robust labor market scenario, the conditions appear primed to heed the broader sentiments.
As investors employ a wait-and-see approach in a classic example of &quot;backing and filling&quot; in the market, they can benefit from &quot;cash cow&quot; stocks that garner higher returns. However, identifying cash-rich stocks alone does not make for a solid investment proposition unless it is backed by attractive efficiency ratios like return on equity (ROE). A high ROE ensures that the company is reinvesting cash at a high rate of return. Best Buy Co., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bby#NYSE">BBY</a>), The AES Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aes#NYSE">AES</a>), Lockheed Martin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>), PulteGroup, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/phm#NYSE">PHM</a>) and Banco de Chile (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bch#NYSE">BCH</a>) are some of the stocks with high ROE to profit from.
<h3>Why ROE?</h3>
ROE = Net Income/Shareholders&#39; Equity
ROE helps investors distinguish profit-generating companies from profit burners and is useful in determining the financial health of a company. In other words, this financial metric enables investors to identify companies that diligently deploy cash for higher returns.
Moreover, ROE is often used to compare the profitability of a company with other firms in the industry &mdash; the higher, the better. It measures how well a company is multiplying its profits without investing new equity capital and portrays management&#39;s efficiency in rewarding shareholders with attractive risk-adjusted returns.
<h3>Parameters Used for Screening</h3>
In order to shortlist stocks that are cash-rich with high ROE, we have added Cash Flow greater than $1 billion and ROE greater than X-Industry as our primary screening parameters. In addition, we have taken a few other criteria into consideration to arrive at a winning strategy.
Price/Cash Flow lesser than X-Industry: This metric measures how much investors pay for $1 of free cash flow. A lower ratio indicates that investors need to pay less for a better cash flow-generating stock.
Return on Assets (ROA) greater than X-Industry: This metric determines how much profit a company earns for every dollar of asset, which includes cash, accounts receivable, property, equipment, inventory and furniture. The higher the ROA, the better it is for the company.
5-Year EPS Historical Growth greater than X-Industry: This criterion indicates that continued earnings momentum has translated into solid cash strength.
Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.
Here are five of the 14 stocks that qualified the screening:
Best Buy: Headquartered in Richfield, MN, Best Buy is a multinational specialty retailer of consumer electronics, home office products, entertainment software, communication, food preparation, wellness, health, security, appliances and related services. The company retails technology products in the United States and Canada.
It has a long-term earnings growth expectation of 5.1% and delivered a trailing four-quarter earnings surprise of 11%, on average. It has a VGM Score of B. Best Buy carries a Zacks Rank #2.
AES: Arlington, VA-based AES is a global power company. Its businesses are spread across four continents in 14 countries. The company has four Strategic Business Units located in the United States and other regions across the globe. AES remains one of the forerunners in the utility industry&#39;s transition to clean energy by investing in sustainable growth and innovative solutions while delivering superior results.
It delivered a trailing four-quarter earnings surprise of 13.8%, on average. AES carries a Zacks Rank #2. It has a VGM Score of A.
Lockheed Martin: Based in Bethesda, MD, Lockheed Martin is the largest defense contractor in the world. Its main areas of focus are defense, space, intelligence, homeland security and information technology, including cyber security. Lockheed Martin currently operates through four businesses &mdash; Aeronautics, Missiles and Fire Control, Rotary and Missions Systems and Space Systems.
The company has a long-term earnings growth expectation of 4.2% and delivered a trailing four-quarter earnings surprise of 7.5%, on average. Lockheed Martin carries a Zacks Rank #2.
PulteGroup: Based in Atlanta, GA, PulteGroup engages in homebuilding and financial services businesses, primarily in the United States. The company conducts operations through two primary business segments &ndash; Homebuilding and Financial Services. The company engages in maintaining a 50/50 balance between build-to-order and spec sales, enabling it to meet immediate demand with spec homes while also accommodating buyers who prefer to customize their homes with build-to-order options.
The company has a long-term earnings growth expectation of 19% and delivered a trailing four-quarter earnings surprise of 10%, on average. It has a VGM Score of B. PulteGroup carries a Zacks Rank #2.
Banco de Chile: Headquartered in Santiago, Chile, Banco de Chile provides various banking services to customers in the Latin American country. These include deposit accounts, loans, payment-related cards and insurance solutions. The company also offers services such as cash management, treasury, financial advisory, trade finance, leasing, factoring, payment, payroll, collection, mutual fund management, securities brokerage, currency trading, investment management, collection, securitization and capital markets services.
It delivered a trailing four-quarter earnings surprise of 7.1%, on average. Banco de Chile carries a Zacks Rank #2. 
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2312735/5-high-roe-stocks-to-bet-on-as-markets-seek-rate-cut-clarity?cid=CS-BENZ-FT-analyst_blog|rw-2312735">To read this article on Zacks.com click here.</a>

Equities

Latin America

Federal Reserve

Tech

5 High ROE Stocks to Bet on as Markets Seek Rate Cut Clarity

Whales with a lot of money to spend have taken a noticeably bullish stance on Freeport-McMoRan.
Looking at options history for Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 59% of the investors opened trades with bullish expectations and 31% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $372,712 and 12, calls, for a total amount of $666,597.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $50.0 for Freeport-McMoRan, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Freeport-McMoRan's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Freeport-McMoRan's whale trades within a strike price range from $20.0 to $50.0 in the last 30 days. 
<h3>Freeport-McMoRan Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722445284_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$25.8</td>
<td>$25.65</td>
<td>$25.8</td>
<td>$20.00</td>
<td>$126.4K</td>
<td>289</td>
<td>70</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$10.15</td>
<td>$9.75</td>
<td>$9.95</td>
<td>$50.00</td>
<td>$99.4K</td>
<td>2.9K</td>
<td>101</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$7.3</td>
<td>$7.25</td>
<td>$7.3</td>
<td>$40.00</td>
<td>$94.0K</td>
<td>668</td>
<td>128</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$25.8</td>
<td>$25.6</td>
<td>$25.8</td>
<td>$20.00</td>
<td>$54.1K</td>
<td>289</td>
<td>21</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$0.5</td>
<td>$0.37</td>
<td>$0.42</td>
<td>$44.00</td>
<td>$51.0K</td>
<td>640</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h3>About Freeport-McMoRan</h3>
Freeport-McMoRan Inc is an international mining company. It has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines. Its reportable segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod &amp; Refining operations and Atlantic Copper Smelting and Refining. It derives key revenue from the sale of Copper.
<h3>Where Is Freeport-McMoRan Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 5,679,711, the FCX's price is up by 5.29%, now at $46.17. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 78 days.</li>
</ul>
<h3>Expert Opinions on Freeport-McMoRan</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $57.0.
<ul>
<li>Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Freeport-McMoRan with a target price of $53. </li>
<li>Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Outperform rating on Freeport-McMoRan with a target price of $58. </li>
<li>In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $60. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Freeport-McMoRan with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Freeport-McMoRan Unusual Options Activity

D2L GAAP EPS of $0.07 beats by $0.11, revenue of $44.47M misses by $15.95M

D2L reports Q3 results; updates FY24 outlook

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
If there&rsquo;s anything I&rsquo;ve learned from years of covering the market, it&rsquo;s that Wall Street loves <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a>. Fast-growing companies tend to attract investor attention and deliver stellar returns relative to value stocks. However, the real Wall Street darlings are companies that can deliver both high growth and solid profits. These rare companies have pricing power, expand margins over time, and eventually start returning excess capital to shareholders, sending their stocks soaring.



In my experience, some of the best opportunities come from under-the-radar growth stocks that are expanding rapidly, yet remain unknown to mainstream investors. With the right fundamentals, these growth stocks can deliver outsized returns and recover quickly during market downturns as they march steadily toward consistent profitability. Let&rsquo;s take a look at three such growth stocks!



<h2>Cematrix (CTXXF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/concrete-rain-1600-300x169.jpg" alt="A photograph of rain droplets on a concrete surface."><div>Source: ReneBittner / Shutterstock.com</div></div>Cematrix (OTCMKTS:<a href="https://investorplace.com/stock-quotes/ctxxf-stock-quote/">CTXXF</a>) is a Canadian company focused on manufacturing and supplying cellular concrete products in North America. These products serve as lightweight backfill for walls, insulation material for oil and gas infrastructure, and grout for various construction purposes. The enterprise can benefit substantially from the construction boom in North America.



Although still a small Canadian firm, I believe the company&rsquo;s upside potential warrants more attention. In fact, CTXXF stock has already been rebounding nicely, up 88% over the past year, but still 59% below its 2021 peak. A stock price of 24 cents per share still appears attractive to me. The company attained profitability in Q3, with <a href="https://www.google.com/finance/quote/CTXXF:OTCMKTS">revenue surging 76% to CAD$20.4 million</a>. I anticipate revenue to potentially double over the coming two years, alongside considerable margin expansion.



Cematrix recently publicized a new CFO and <a href="https://seekingalpha.com/news/4076514-cematrix-announces-new-contracts-worth-67m">$6.7 million in new contracts</a> this month, which could drive substantial growth ahead. With the right execution and strategy, I foresee this cement company becoming a major player in the North American construction materials industry.



<h2>SmartRent (SMRT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/smart_home_a_1600-300x169.jpg" alt="A hand holds a smart phone up with a fancy living room behind it."><div>Source: zhu difeng / ShutterStock.com</div></div>SmartRent (NYSE:<a href="https://investorplace.com/stock-quotes/smrt-stock-quote/">SMRT</a>) is a smart home automation company. It is becoming popular with landlords and homeowners with smart homes. I believe substantial upside potential lies ahead, as the stock trades sideways after declining in late 2021. Rents and housing prices continue rising alongside income, which will only drive more revenue and net income for the company over the long-run. Indeed, the company&rsquo;s financials already appear poised for a turnaround. <a href="https://www.google.com/finance/quote/SMRT:NYSE">Revenue grew 49% year-over-year to $60.3 million</a>, as profitability quickly comes into focus.



Analysts anticipate profits in 2025 accompanied by revenue expanding around 15%-20% annually moving forward. Revenue is expected to surge from <a href="https://seekingalpha.com/symbol/SMRT/earnings/estimates">$273 million in 2024 to $536 million in 2028</a>. The company also possesses $215 million in cash against virtually no debt, providing funds to fuel substantial growth ahead. Moreover, the premium investors pay for exposure to this growth stock seems quite reasonable, at only 2-times forward sales, while <a href="https://investorplace.com/industries/technology/software/">software stocks</a> typically trade at much steeper premiums. If SmartRent manages to surpass its earnings targets going forward, I expect SMRT stock to be one of the best-performing growth stocks in this current cycle.



<h2>DLocal (DLO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/smartphone-mobile-financial-fintech-1600-300x169.jpg" alt="Illustration of phone with dollar sign and other graphics symbolizing fintech displayed on and around it, with a blue background. Fintech Stock Bargains"><div>Source: shutterstock.com/ZinetroN</div></div>DLocal (NASDAQ:<a href="https://investorplace.com/stock-quotes/dlo-stock-quote/">DLO</a>) is an Uruguayan financial technology firm specializing in cross-border payments. The company&rsquo;s platform links global merchants to emerging markets, enabling receipt of payments from customers and making payments to customers in these regions.



This is another stock that&rsquo;s basically moved sideways over the past year and a half after an initial decline following the post-COVID boom cool-down. My bull case is that substantial growth lies ahead for this fintech stock, which boasts some of the most robust margins in the market &ndash; <a href="https://www.gurufocus.com/stock/DLO/summary">a 23% net margin, exceeding 93% of software industry peers</a>. Its 3-year revenue growth rate sits at 82%, better than 97% of peers. This growth is due to the company&rsquo;s foothold in many fast-growing developing markets.



Moreover, analysts anticipate the company&rsquo;s <a href="https://seekingalpha.com/symbol/DLO/earnings/estimates">earnings per share will double from 2024 to 2026</a>, as revenue surges from $886 million to $1.52 billion over the same period. Paying just 24-times forward earnings for this growth seems like a steal. DLocal also carries virtually no debt, while holding $639 million of cash on its balance sheet. If execution remains solid, I expect substantial upside for long-term investors.



<h2>Freee KK (FREKF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/cloud1600-300x169.jpg" alt="an image of a cloud imprinted on a circuit board lit up by blue circuit lights"><div>Source: Shutterstock</div></div>Freee KK (OTCMKTS:<a href="https://investorplace.com/stock-quotes/frekf-stock-quote/">FREKF</a>) is a developer of cloud-based software, including Cloud Accounting, Cloud HR Labor, and Cloud ERP products. This Japanese company has been expanding rapidly in recent quarters, and I believe ample growth remains. <a href="https://www.gurufocus.com/term/rvn_growth_3y/FREKF/3-Year-Revenue-Growth-Rate-Per-Share/Freee-KK">The 3-year annual revenue growth rate sits around 30%</a>, and forward 3-5-year annual revenue growth should linger around the same pace.



The major issue is profitability. Freee KK <a href="https://www.google.com/finance/quote/FREKF:OTCMKTS">reported a -67.4% net margin</a> in Q4, which is quite concerning. However, the company possesses $219 million in cash against only $23 million in debt, sufficient to handle more than two years of losses if they remain constant, which is unlikely. I expect losses to begin falling as the company&rsquo;s top line expands.



Also of note, while Japan has exited its negative interest rate policy, rates are still super low, and any cash crunch could easily be supplemented with leverage thanks to the company&rsquo;s minuscule debt burden. This allows more debt intake going forward, so I view FREKF stock as a promising cloud play for the long-run. Gurufocus estimates the stock&rsquo;s fair price at $43.40 in mid-2025, providing major upside from the current $23 per share price tag, if achieved.



<h2>D2L (DTLIF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/online-education-1600-300x169.jpg" alt="man in headphones writing notes in notebook watching webinar video course"><div>Source: fizkes / Shutterstock.com</div></div>D2L (OTCMKTS:<a href="https://investorplace.com/stock-quotes/dtlif-stock-quote/">DTLIF</a>) is a global learning innovation firm aiming to reshape education and work by pioneering personalized learning and expanding access to high-quality education regardless of age, ability, or location. Millions worldwide use the company&rsquo;s core technology, including the Brightspace LMS.



The stock has been extremely volatile since going public two years ago. However, recent momentum seems promising. Over the past year, DTLIF stock is up around 44%, and I believe it can continue cruising higher. Online learning continues to grow even without pandemic tailwinds, with many still opting to learn remotely.



The company recently posted 11% year-over-year revenue growth alongside <a href="https://www.google.com/finance/quote/DTLIF:OTCMKTS">shrinking losses, which declined from $97.7 million in 2022 to $18.4 million in 2023</a>. That&rsquo;s impressive progress. I think D2L can quickly expand margins and continue double-digit top-line growth. Analysts agree, expecting the company&rsquo;s <a href="https://seekingalpha.com/symbol/DTLIF/earnings/estimates">revenue to hit $452 million in FY2032</a>. With substantial room for margin growth, I see plenty of upside potential if execution remains solid. Notably, D2L also holds $123 million in cash against only $12.6 million in debt.



<h2>Inter &amp; Co. (INTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/brazil1600a-300x169.jpg" alt="The Brazilian flag with the sun in the background"><div>Source: Shutterstock</div></div>As I have articulated numerous times, the economic downturn stemming from interest rate hikes has not been isolated to just banks. It has also detrimentally impacted fintech firms and enterprises relying on the banking industry for growth. However, this narrative does not apply universally. 



Brazil is one nation that commenced its rate hike cycle early and has subdued inflation, now entering a rate reduction period. This has been advantageous for the country&rsquo;s fintech and banking sectors, with many Brazil-based fintech companies thriving. One relatively unknown name is Inter &amp; Co. (NASDAQ:<a href="https://investorplace.com/stock-quotes/intr-stock-quote/">INTR</a>), which has gained 265% over the past year. I believe substantial upside remains in the years ahead, as its stellar performance is likely to continue.



Inter &amp; Co. is the holding company of Grupo Inter, operating the premier Super App in the Americas. The company offers banking capabilities, investments, credit, insurance, and cross-border solutions. 



Revenue is <a href="https://seekingalpha.com/symbol/INTR/earnings/estimates">anticipated to continue expanding at a double-digit pace</a> in the forthcoming years. Additionally, robust earnings per share growth of 43% is expected in 2025 and 26% in 2026. Paying merely 15-times forward earnings for such growth still appears to be an attractive proposition. Analysts see Inter &amp; Co. delivering $1.24 billion in revenue in 2024 coupled with 40 cents in earnings per share.



<h2>Network-1 Technologies (NTIP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/hand-growth-stocks-1600-300x169.jpg" alt="Hand pointing up and to the right with blue arrow, symbolizes growth stocks. hypergrowth stocks"><div>Source: shutterstock.com/Lemonsoup14</div></div>Network-1 Technologies (NYSEMKT:<a href="https://investorplace.com/stock-quotes/ntip-stock-quote/">NTIP</a>) specializes in intellectual property development and monetization. The company collaborates with patent holders to assist in licensing their innovations. Significantly, the company&rsquo;s &lsquo;930 patent (6,218,930) plays a crucial role in the industry-standard Power over Ethernet (PoE) technology. 



This stock has not been as fortunate as the others on the list. That may be partly due to the fact that Network-1 is one of the more boring stocks when you zoom out. This stock has traded between $2 and $5 per share since 2017, and lingered near the lower end of that band for much of its history.



However, what entices me about this stock is that the small firm still furnishes a dividend with a 4.8% yield, likely because of its impressive 25.4% net income margin. It has negligible debt and <a href="https://seekingalpha.com/symbol/NTIP">$45 million in cash</a>. If the enterprise can utilize its substantial patent portfolio moving forward and leverage it to accelerate growth, I believe substantial upside lies ahead. It is also trading near its $2 floor. So, I view the stock&rsquo;s downside risk as relatively minimal. 



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On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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