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Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ: GOVI)

Latest news for Invesco Equal Weight 0-30 Year Treasury ETF (NASDAQ:GOVI)

The fund generally invests at least 80% of its total assets in U.S. Treasury securities that comprise the underlying index. The index seeks to maintain a continuous maturity laddered portfolio of securities, meaning that securities holdings are scheduled to mature in a proportional, annual sequential pattern. Nasdaq, Inc. (the index provider) allows a six-month maturity deviation if securities with a desired maturity date are not available.

Invesco Equal Weight 0-30 Year Treasury ETF

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The Nasdaq 100 Index is poised to conclude a remarkable year, marking its best performance in nearly a quarter of a century.

Nasdaq 100 Eyes Best Year Since Dot-Com Boom: AI, Fed&#39;s Pivot Behind Tech&#39;s Stunning Revival

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iShares Trust Barclays 20+ Year Treasury Bond Fund

The Santa Rally on Wall Street is giving American households a surprising and significant gift: a potential $5 trillion boost in wealth.

Wall Street&#39;s Rally Brought $5 Trillion In Wealth To US Households — Just In Time For Christmas

Govi

GOVIEX URANIUM CL A ORD by Goviex Uranium Inc

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Barclays analyst Alex Scott maintains Voya Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOYA#NYSE">VOYA</a>) with a Overweight and lowers the price target from $79 to $75.

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VOYA

Barclays Maintains Overweight on Voya Financial, Lowers Price Target to $75

WIIM

Dayforce shares are trading lower. The company reported Q4 financial results.

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RB Residential And Sky Quarry Combine Forces Sign LOI To Integrate Advanced Sustainability Tech With Expert Roofing Services

Barclays analyst Kannan Venkateshwar maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Overweight and raises the price target from $475 to $710.

SPOT

Barclays Maintains Overweight on Spotify Technology, Raises Price Target to $710

Electronic Arts shares are trading higher after the company reported better-than-expected Q3 EPS results. B of A Securities raised its price target on the stock from $130 to $132.

Benchmark analyst Cody Acree maintains Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Buy and lowers the price target from $200 to $170.

Benchmark Maintains Buy on Advanced Micro Devices, Lowers Price Target to $170

Private employers created 183,000 new jobs in January 2025, marking a slight acceleration from December&#8217;s upwardly revised 176,000 and beating market <a href="https://www.benzinga.com/news/econ-s">expectations of 150,000. </a>
The ADP National Employment Report, released Wednesday by Automatic Data Processing Inc., highlighted continued resilience in the private labor market ahead of Friday's highly anticipated non-farm payrolls report from the Bureau of Labor Statistics. Economists expect the government report to show a slowdown in hiring, with forecasts predicting a decline from December's 256,000 to 170,000 new jobs.
Nela Richardson, ADP&#8217;s chief economist, said: &#8220;We had a strong start to 2025 but it masked a dichotomy in the labor market. Consumer-facing industries drove hiring, while job growth was weaker in business services and production.&#8221;
<h3 class="wp-block-heading">Where Did Jobs Grow in January?</h3>
The latest data revealed a divergence in job creation, with gains concentrated in service-providing industries, while goods-producing sectors continued to lag.
Goods-producing industries shed 6,000 jobs in January, driven by a 13,000 payroll reduction in manufacturing. This marked the fourth consecutive month of job losses in the sector.
Service-providing industries, on the other hand, added 190,000 positions. Trade, transportation, and utilities led the way with 56,000 new jobs, while leisure and hospitality followed closely, adding 54,000 positions.
December&#8217;s private employment growth was also revised upward to 184,000, exceeding the consensus estimate of 150,000 tracked by TradingEconomics.
The ADP report signaled ongoing moderation in wage growth. Pay increases for job stayers in January edged up 4.7% year-over-year, while job changers saw salary gains of 6.8%, down from 7.1% in December.
These figures suggest that while the labor market remains strong, wage pressures are easing—a key factor for the Federal Reserve as it assesses the timing of potential interest rate cuts in 2025.
<h3 class="wp-block-heading">Market Reactions</h3>
The U.S. Dollar Index (DXY) – as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) – inched slightly higher minutes after the release, trimming losses for the day. 
Futures on major U.S. indices edged lower during premarket trading in New York. The SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 0.4% lower by 8:25 a.m. ET. 
Shares of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) were 2.4% and 7.2% lower, respectively, weighing on tech-heavy indices. 
Gold – tracked by SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) – continued to extend record highs, with the bullion rising to $2,870 per ounce, approaching double-digit gains year-to-date. 
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PowerShares DB US Dollar Index Bullish Fund

Private Employment Rises By 183,000, Beats Estimates In January: 'Consumer-Facing Industries Drove Hiring'

Atlassian's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NYSE">TEAM</a>) short percent of float has risen 7.72% since its last report. The company recently reported that it has 4.49 million shares sold short, which is 2.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.45 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Atlassian Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738763250_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Atlassian has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Atlassian's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Atlassian's peer group average for short interest as a percentage of float is 3.02%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(TEAM) - Analyzing Atlassian's Short Interest

American Water Works's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>) short percent of float has risen 9.62% since its last report. The company recently reported that it has 4.86 million shares sold short, which is 2.85% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.79 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>American Water Works Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738763245_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for American Water Works has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing American Water Works's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, American Water Works's peer group average for short interest as a percentage of float is 3.27%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into American Water Works's Recent Short Interest

Mobileye Global's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NYSE">MBLY</a>) short percent of float has risen 17.37% since its last report. The company recently reported that it has 21.44 million shares sold short, which is 29.87% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.1 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Mobileye Global Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738763240_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Mobileye Global has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Mobileye Global's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Mobileye Global's peer group average for short interest as a percentage of float is 5.80%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

MBLY

Looking Into Mobileye Global's Recent Short Interest

On Wednesday,&nbsp;Boston Scientific Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>)&nbsp;reported fourth-quarter revenues of $4.56 billion, beating the&nbsp;consensus&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">estimate of $4.424 billion</a>.
Sales increased 22.4% on a reported basis, compared to the company&#8217;s guidance range of 16.5%-18.5%, and 23.1% on an operational basis, 19.5% on an organic basis, compared to the company&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41490484/boston-scientific-q3-earnings-revenue-and-eps-beat-lifts-annual-forecast-on-strong-demand-for-heart" rel="noreferrer noopener">guidance range of 14%-16%</a>.
The company earned an adjusted EPS of 70 cents, beating the consensus of 66 cents and the management&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43489813/boston-scientific-announces-results-for-fourth-quarter-and-full-year-2024" rel="noreferrer noopener">guidance of $0.64-$0.66</a>.
&#8220;2024 was one of the best years in the history of Boston Scientific, fueled by our innovative portfolio, the launch of our FARAPULSE Pulsed Field Ablation System, as well as significant clinical achievements and commercial excellence across businesses and regions,&#8221; said Mike Mahoney, chairman and chief executive officer of Boston Scientific.
The company&#8217;s cardiovascular segment generated sales of $2.94 billion, rising 28.8% (29.5% operationally and 27.4% organically).
<ul>
<li>Boston Scientific reported 31.1% growth in cardiology products and 21% in peripheral interventions.</li>
</ul>
Also Read: <a target="_blank" href="https://www.benzinga.com/general/health-care/25/01/42881585/boston-scientific-expands-cardiovascular-treatment-portfolio-with-440-million-bolt-medical-deal" rel="noreferrer noopener">Boston Scientific Expands Cardiovascular Treatment Portfolio With $440 Million+ Bolt Medical Deal</a>
MedSurg segment revenues increased 12.4% to $1.62 billion (13% operationally and 7% organically).
<ul>
<li>Urology led the way with a 19.5% increase. Neuromodulation (+11.4%) and Endoscopy (7%) followed.</li>
</ul>
Outlook: Boston Scientific forecasts net sales growth of approximately 12.5%-14.5% in 2025 on a reported basis and approximately 10%-12% on an organic basis.
The company estimates 2025 adjusted EPS $2.80-$2.87 compared to consensus of $2.81.
The company estimates net sales growth for the first quarter of 2025 of approximately 17%-19% on a reported basis and approximately 14%-16% on an organic basis, with adjusted EPS of $0.66-$0.68 compared to consensus of $0.64.
Price Action:&nbsp;BSX stock is up 0.84% at $104.41 during the premarket session at last check Wednesday.
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</ul>

Earnings

Guidance

Health Care

General

Boston Scientific Clocks 22% Jump In Q4 Sales On Strong Heart Devices, Profit And Guidance Exceeds Expectations

Barclays analyst Adrienne Yih maintains PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) with a Overweight and lowers the price target from $144 to $98.

Barclays Maintains Overweight on PVH, Lowers Price Target to $98

Stanley Black & Decker Exec Says If 10% China Tariffs Remain, See Annualized, Unmitigated Hit Of About $90M-$100M

Barclays analyst Alex Scott maintains Prudential Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>) with a Equal-Weight and raises the price target from $128 to $134.

Barclays Maintains Equal-Weight on Prudential Financial, Raises Price Target to $134

Barclays analyst Terry Ma maintains MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) with a Equal-Weight and raises the price target from $25 to $26.

Barclays Maintains Equal-Weight on MGIC Investment, Raises Price Target to $26

Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) will release its first quarter fiscal 2025 financial results, after the <a href="https://www.benzinga.com/quote/QCOM/earnings">closing bell, on Wednesday.</a>
Analysts expect the San Diego, California-based company to report quarterly earnings at $2.96 per share, up from $2.75 per share in the year-ago period. Qualcomm projects quarterly revenue of $10.9 billion, compared to $9.92 billion a year earlier, according to data from Benzinga Pro.
On Jan. 17, Barclays analyst Tom O&#8217;Malley maintained Qualcomm with an Overweight rating and lowered the price target from $200 to $185.
With the recent buzz around Qualcomm, some investors may be eyeing potential gains from the company's dividends too. As of now, Qualcomm offers an annual dividend yield of 1.96%, which is a quarterly dividend amount of 85 cents per share (3.40 a year).  
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $305,416 or around 1,765 shares. For a more modest $100 per month or $1,200 per year, you would need $61,083 or around 353 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($3.40 in this case). So, $6,000 / $3.40 = 1,765 ($500 per month), and $1,200 / $3.40 = 353 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
QCOM Price Action: Shares of Qualcomm gained 1.6% to close at $173.04 on Tuesday.
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;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>
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</ul>
Photo: Shutterstock

Long Ideas

Markets

QCOM

How To Earn $500 A Month From Qualcomm Stock Ahead Of Q1 Earnings

Barclays analyst Benjamin Budish maintains KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) with a Overweight and lowers the price target from $185 to $181.

Barclays Maintains Overweight on KKR, Lowers Price Target to $181

Emerson Electric Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) shares are trading lower premarket on Wednesday after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43490268/emerson-reports-first-quarter-2025-results-updates-2025-outlook" rel="noreferrer noopener">reported&nbsp;first-quarter FY25 results</a>.
Net sales growth of 1% year over year (Y/Y) to $4.175 billion missed the consensus of $4.23 billion.
Underlying sales were up 2% Y/Y and underlying orders increased by 1% Y/Y <a href="https://www.emerson.com/documents/corporate/emerson-reports-first-quarter-2025-results-updates-2025-outlook-en-us-11470388.pdf" target="_blank" rel="noreferrer noopener">in </a>the quarter.
Sales by Segments: Final Control&nbsp;$940 million (+4%), Measurement &amp; Analytical&nbsp;$947 million (+3%), Discrete Automation&nbsp;$613 million (-5%); Safety &amp; Productivity&nbsp;$322 million (-3%), Control Systems &amp; Software&nbsp;$675 million (+2%), AspenTech&nbsp;$257 million (+18%), and Test &amp; Measurement&nbsp;$382 million (-6%).
Adjusted Segment EBITDA was $1.169 billion compared to $1.014 billion in the prior year quarter and the margin improved to 28.0% from 24.6% a year ago quarter.
Adjusted EPS improved&nbsp;13% Y/Y to&nbsp;$1.38,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$1.28</a>.
Emerson's operating cash flow for the quarter totaled $777 million, compared to $444 million in the prior year; free cash flow was $694 million (+89% Y/Y).
Emerson held cash and equivalents of&nbsp;$2.83 billion as of December-end.
Dividend: Emerson declared a quarterly cash dividend per share of&nbsp;$0.5275, payable on March 10, to stockholders of record on&nbsp;February 14, 2025.
"We reiterate our guide for underlying sales, earnings per share and cash flow driven by resilient demand in process and hybrid markets, expected second half discrete recovery and our proven ability to execute,&#8221; Emerson president and CEO Lal Karsanbhai said.
&#8221;Our team remains energized, and we look forward to continuing the positive momentum across our business, including progressing in the final phase of our portfolio transformation.&#8221;
Outlook:&nbsp;For FY25, Emerson Electric now expects its net sales growth&nbsp;outlook of&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">1.5% &#8211; 3.5% (vs. 3.5%&nbsp;–&nbsp;5.5% prior)</a>.
The company reaffirmed the outlook for underlying sales growth of&nbsp;3%&nbsp;–&nbsp;5%&nbsp;and adjusted EPS of&nbsp;$5.85&nbsp;–&nbsp;$6.05 vs.&nbsp;consensus&nbsp;$5.94.
Emerson continues to expect an operating cash flow of&nbsp;$3.6 billion&nbsp;–&nbsp;$3.7 billion and an FCF of&nbsp;$3.2 billion&nbsp;–&nbsp;$3.3 billion for FY25.
For the&nbsp;second quarter, the company projects net sales growth of&nbsp;(0.5)% &#8211; 0.5%&nbsp;and adjusted EPS of&nbsp;$1.38 &#8211; $1.42 vs. consensus of&nbsp;$1.46.
Emerson expects to return around $3.2 billion to shareholders through around $2.0 billion of share buyback and about $1.2 billion of dividend payments for 2025.
Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/25/01/43229951/emerson-electric-to-buy-out-aspentech-minority-stake-in-7-2-billion-cash-deal" rel="noreferrer noopener">Emerson Electric To Buy Out AspenTech Minority Stake In $7.2 Billion Cash Deal</a>
Investors can gain exposure to the stock via&nbsp;ProShares S&amp;P Kensho Smart Factories ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAKX#NYSE">MAKX</a>) and&nbsp;Themes US Infrastructure ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWAY#NASDAQ">HWAY</a>).
Price Action: EMR shares are down 0.52% at $127.03 premarket at the last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/global/25/01/43402048/deal-dispatch-sage-and-silvus-are-up-for-sale-mrbeast-secures-20b-for-tiktok" target="_blank" rel="noreferrer noopener">Deal Dispatch: Sage And Silvus Are Up For Sale, MrBeast Secures $20B For TikTok</a></li>
</ul>
Photo: Shutterstock

Dividends

Buybacks

Movers

HWAY

MAKX

Emerson Q1 Results: Resilient Process & Hybrid Markets Offset Weak Discrete Automation

Biotech

LNTH

Lantheus Holdings Announces Piflufolastat F 18 Data Will Be Presented At The 2025 American Society Of Clinical Oncology Genitourinary Cancers Symposium, Taking Place February 13-15, 2025, In San Francisco, CA

Barclays analyst Tim Long maintains Juniper Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) with a Equal-Weight and raises the price target from $37 to $39.

JNPR

Barclays Maintains Equal-Weight on Juniper Networks, Raises Price Target to $39

The Nasdaq 100 Index, often seen as the barometer of the U.S. tech sector&#8217;s health, is poised to conclude a remarkable year, marking its best performance in nearly a <a href="https://www.benzinga.com/topic/nasdaq-100">quarter of a century</a>. 



Let&#8217;s delve into the factors fueling this extraordinary surge, from the rise of <a href="https://www.benzinga.com/topic/artificial-intelligence">artificial intelligence (AI) </a>to the <a href="https://www.benzinga.com/federal-reserve">Federal Reserve&#8217;s pivotal role.</a>



The index, which tracks the largest non-financial companies trading on the Nasdaq Stock Market, has seen a 55% increase in its performance since the start of the year, surpassing the 54% return in 2009.



To find a stronger annual return, you&#8217;d need to rewind to 1999, when the tech index soared by a staggering 102%, fueled by the exuberance surrounding the growth of tech stocks during the dot-com revolution.



Investors eagerly embraced the tech rally in 2023, injecting $8.6 billion into the tech-heavy Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) and a substantial $42.2 billion into the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), a stark contrast to the outflows observed in the previous year.



Chart: Strongest Year Since 1999



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28094038/NDQ_2023-12-28_14-40-26_7c40c-1024x495.png" alt="" class="wp-image-170562" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28094038/NDQ_2023-12-28_14-40-26_7c40c-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28094038/NDQ_2023-12-28_14-40-26_7c40c-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28094038/NDQ_2023-12-28_14-40-26_7c40c-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28094038/NDQ_2023-12-28_14-40-26_7c40c-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28094038/NDQ_2023-12-28_14-40-26_7c40c.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h2 class="wp-block-heading">AI: The Catalyst Behind Nasdaq Boom</h2>



Industries like generative AI, natural language processing, computer vision, robotics, fintech, gaming, machine learning, and deep learning are all basking in the AI-driven growth of U.S. tech stocks. 



It&#8217;s not surprising that among the top 25 best-performing stocks in 2023, six companies belong to the semiconductor industry, which has experienced an unprecedented surge in demand for chips.



Top 25 Performers In 2023



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><thead><tr><th>Name</th><th>Industry</th><th>Price Chg. % (YTD)</th></tr></thead><tbody><tr><td>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td><td>Semiconductors and Semiconductor Equipment</td><td>238.1%</td></tr><tr><td>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td><td>Interactive Media and Services</td><td>197.3%</td></tr><tr><td>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)</td><td>Software</td><td>144.3%</td></tr><tr><td>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td><td>Semiconductors and Semiconductor Equipment</td><td>125.2%</td></tr><tr><td>Palo Alto Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NYSE">PANW</a>)</td><td>Software</td><td>113.2%</td></tr><tr><td>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>)</td><td>IT Services</td><td>112.5%</td></tr><tr><td>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td><td>Automobiles</td><td>112.2%</td></tr><tr><td>DoorDash, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NYSE">DASH</a>)</td><td>Hotels, Restaurants and Leisure</td><td>106.2%</td></tr><tr><td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td><td>Semiconductors and Semiconductor Equipment</td><td>101.4%</td></tr><tr><td>Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>)</td><td>Software</td><td>101.0%</td></tr><tr><td>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td><td>Semiconductors and Semiconductor Equipment</td><td>92.0%</td></tr><tr><td>Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>)</td><td>Semiconductors and Semiconductor Equipment</td><td>89.1%</td></tr><tr><td>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>)</td><td>Software</td><td>88.8%</td></tr><tr><td>MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>)</td><td>Broadline Retail</td><td>87.9%</td></tr><tr><td>Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td><td>Broadline Retail</td><td>82.5%</td></tr><tr><td>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>)</td><td>Broadline Retail</td><td>77.1%</td></tr><tr><td>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)</td><td>Software</td><td>77.1%</td></tr><tr><td>Splunk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPLK#NASDAQ">SPLK</a>)</td><td>Software</td><td>76.6%</td></tr><tr><td>Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>)</td><td>Hotels, Restaurants and Leisure</td><td>75.3%</td></tr><tr><td>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</td><td>Semiconductors and Semiconductor Equipment</td><td>73.3%</td></tr><tr><td>Cadence Design Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>)</td><td>Software</td><td>70.9%</td></tr><tr><td>Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</td><td>Semiconductors and Semiconductor Equipment</td><td>68.6%</td></tr><tr><td>Datadog, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>)</td><td>Software</td><td>68.1%</td></tr><tr><td>Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)</td><td>Entertainment</td><td>66.7%</td></tr><tr><td>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>)</td><td>Semiconductors and Semiconductor Equipment</td><td>65.3%</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Federal Reserve&#8217;s Year-End Fireworks</h2>



The Federal Reserve, too, played a decisive role in the rally. 



In the final months of 2023, Fed Chair Jerome Powell and fellow policymakers adopted a more accommodative stance, welcoming the declining trend in inflation and paving the way for potential interest rate cuts in 2024.



And the tech sector thrives when it anticipates lower future interest rates. U.S. Treasury yields have dropped significantly as the market started to price in a series of rate cuts in 2024, and stock investments became more attractive relative to bonds. 



This development significantly boosted the valuations of technology sector companies.



These high-growth companies, often projecting cash flows well into the future, have seen their stock values rise primarily due to the effect of lower interest rates, which are used to discount their future revenues into the present. The lower the rate, the higher the current valuation. 



<h2 class="wp-block-heading">Treasury On Track For Strongest 2-Month Rally Since 2008</h2>



In tandem with the surge in technology stocks, the bond market has witnessed its most robust 2-month rally in over fifteen years.



The Invesco Equal Weight 0-30 Year Treasury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOVI#NYSE">GOVI</a>), representing an equally-weighted investment across various Treasury maturities, has posted an impressive 12.3% gain in the past two months.



To find a stronger two-month performance, you have to travel back to November 2008 when, following the collapse of Lehman Brothers, the flight to safe-haven Treasuries triggered a 17% surge over two months.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28095416/GOVI_2023-12-28_14-54-01_99ac7-1024x495.png" alt="" class="wp-image-170571" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28095416/GOVI_2023-12-28_14-54-01_99ac7-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28095416/GOVI_2023-12-28_14-54-01_99ac7-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28095416/GOVI_2023-12-28_14-54-01_99ac7-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28095416/GOVI_2023-12-28_14-54-01_99ac7-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28095416/GOVI_2023-12-28_14-54-01_99ac7.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Read More: <a href="https://www.benzinga.com/economics/macro-economic-events/23/12/36403950/treasury-etf-and-real-estate-sector-rise-together-as-30-year-yields-dip-below-4">Treasury ETF And Real Estate Sector Rise Together As 30-Year Yields Dip Below 4%</a>

Nasdaq 100 Eyes Best Year Since Dot-Com Boom: AI, Fed's Pivot Behind Tech's Stunning Revival

The holiday season has brought a surprising and significant gift to American households this year, in the form of a <a href="https://www.benzinga.com/podcasts/time-for-a-santa-claus-rally">&#8216;Santa Rally&#8217; on Wall Street.</a>



Robust stock market gains in November and December are poised to significantly enhance the wealth of U.S. households in the final quarter of the year. 



Benzinga&#8217;s calculations suggest that if these market gains hold until the end of the year, the potential increase in American households&#8217; wealth could approach $5 trillion.



<h2 class="wp-block-heading">Celebrating The &#8216;Santa Rally&#8217;</h2>



After a 2.2% decline in October, the S&amp;P 500 index rebounded by 8.9% in November, marking the fourth-largest monthly gain of the past decade and the best return for the November month since 1980.



The stock market&#8217;s remarkable turnaround was a welcomed surprise for investors, setting the stage for what would become a truly remarkable holiday season.



Positive sentiment continued into December, with the benchmark S&amp;P 500 index rising by 3.1% in the first half of the month.



The Santa Rally, a market phenomenon characterized by a surge in stock prices in December, was further cemented by the dovish stance taken by the Federal Reserve during its last meeting of the year.



Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36057917/will-novembers-turkey-rally-set-stage-for-decembers-santa-claus-rally-for-stocks">Will November&#8217;s &#8216;Turkey Rally&#8217; Set Stage For December&#8217;s &#8216;Santa Claus Rally&#8217; For Stocks?</a>



As of Dec. 15, the S&amp;P 500 Index, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), has surged by 10.2% in the fourth quarter.



These gains had a substantial impact on American households, as they hold a significant portion of their wealth in equities.



<figure class="wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler"><div class="wp-block-embed__wrapper">
<a href="https://youtube.com/watch?v=ePG21qUSFcU%3Fsi%3DcyOWCd3SO4IchwnC" title="https://youtube.com/watch?v=ePG21qUSFcU%3Fsi%3DcyOWCd3SO4IchwnC">https://youtube.com/watch?v=ePG21qUSFcU%3Fsi%3DcyOWCd3SO4IchwnC</a>
</div></figure>



<h2 class="wp-block-heading">Numbers Speak Loud: Market Rally Will Strongly Boost US Household Wealth</h2>



Data from the Federal Reserve shows that at the end of the third quarter of 2023, the combined net worth of households and nonprofits in the United States reached $151.0 trillion.



Within the overall wealth portfolio, the value of corporate equities, both directly and indirectly held by U.S. households, amounted to $43 trillion.



Assuming the S&amp;P 500&#8217;s 10.2% increase during the fourth quarter as proxy for broader equity market gains, this translated to a potential increase of $4.39 trillion in the value of households&#8217; equity holdings.



It&#8217;s important to note that the overall wealth increase could be even higher when accounting for the share of bonds and alternative assets held by U.S. households. Notably, Treasury bonds, represented by the Invesco Equal-Weight 0-30 Year Treasury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOVI#NYSE">GOVI</a>), saw a strong 7.8% surge in the fourth quarter. 



Longer-dated Treasuries, represented by the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>), performed even better with a 13% rally.



Now read: <a href="https://www.benzinga.com/markets/equities/23/12/36246830/santa-rally-boosts-real-estate-stocks-5-etf-picks-to-ride-the-fed-rate-cut-wave">Santa Rally Boosts Real Estate Stocks: 5 ETF Picks To Ride The Fed Rate Cut Wave</a>

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