Simplify Exchange Traded Funds Simplify Commodities Strategy No K-1 ETF (ARCA: HARD)

Latest news for Simplify Exchange Traded Funds Simplify Commodities Strategy No K-1 ETF (ARCA:HARD)

Simplify Exchange Traded Funds Simplify Commodities Strategy No K-1 ETF

Fund invests in commodity futures in an attempt to create commodity exposure that performs strongly during inflationary periods while still performing well in more typical market environments.

Simplify Commodities Strategy No K-1 ETF

HARD - United States Dollar

HARD TO TREAT DISEASES by Hard to Treat Diseases, Inc.

Hard to Treat Diseases Inc

HARDCORE DISCOVERIES LTD by Hardcore Discoveries Ltd

Hardcore Discoveries Ltd

Harden Technologies Inc.

Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) reported financial results for the second quarter after the market close on Monday. Here&#8217;s a look at the <a href="https://www.benzinga.com/pressreleases/24/07/b39892925/cleveland-cliffs-reports-second-quarter-2024-results">key metrics from the quarter</a>.
Q2 Earnings: Cleveland-Cliffs reported second-quarter revenue of $5.1 billion, missing the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $5.1 billion, according to&nbsp;<a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company reported breakeven adjusted earnings, beating analyst estimates for a loss of 2 cents per share.
Steel shipments totaled 4 million net tons&nbsp;in the second quarter. Cash flow from operations was $519 million during the quarter, while free cash flow came in at $362 million.
Cleveland-Cliffs said it repurchased 7.5 million shares under its previously authorized&nbsp;$1.5 billion&nbsp;share repurchase program during the second quarter. The company had total liquidity of $3.7 billion as of June 30.
&#8220;Despite a less-than-ideal steel demand and weak pricing throughout the quarter, Cliffs operated very well. We met our cost reduction target and shipped the tonnage we had planned for. With that, we were able to pay down over $200 million in debt and also return approximately $125 million to our shareholders via share buybacks,&#8221; said Lourenco Goncalves, chairman, president and CEO of Cleveland-Cliffs.
Outlook:&nbsp;Cleveland-Cliffs lowered its full-year 2024 expected capital expenditures range from a range of $675 million&nbsp;to&nbsp;$725 million to a new range of $650&nbsp;million to&nbsp;$700 million. The company also noted that its year-over-year steel unit cost reductions objective of approximately&nbsp;$30&nbsp;per net ton remains on track.
&#8220;Looking forward, we expect to benefit in Q3 from another major step down in costs. Our largest end market — the automotive sector — remains in good shape, and orders from service center customers are expected to increase as seaborne steel imports dry up,&#8221; Goncalves said.
Management will hold a conference call to discuss its quarterly results Tuesday morning at 8:30 a.m. ET.
CLF Price Action: <a href="https://www.benzinga.com/quote/CLF" target="_blank" rel="noreferrer noopener">Cleveland-Cliffs shares</a> were up 3.02% after hours at $15.85 at the time of publication, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
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Photo: QinJin from Shutterstock.

Earnings

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Guidance

After-Hours Center

Movers

Cleveland-Cliffs Reports Mixed Q2 Earnings, Investors Focus On Strong Free Cash Flow Generation, Continued Cost-Cutting Initiative

SOLV

Peltz's Trian Reportedly Builds Stake In 3M Spinoff Solventum

WIIM

MEDP

Medpace Holdings shares are trading lower after the company reported mixed Q2 financial results and narrowed its FY24 revenue guidance with its midpoint below estimates.

First United (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUNC#NASDAQ">FUNC</a>) reported quarterly earnings of $0.75 per share which beat the analyst consensus estimate of $0.66 by 13.64 percent.

Earnings Beats

FUNC

First United Q2 2024 GAAP EPS $0.75 Beats $0.66 Estimate

CPI Aerostructures, Inc. ("CPI Aero&#xAE;" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVU#NYSE">CVU</a>) announced today that it has signed a Long Term Agreement ("LTA") with MST Manufacturing ("MST") during the international air show in Farnborough, UK, for the supply of components in support of its aerostructures production. This LTA will cover CPI Aero's requirements from MST through the end of calendar year 2027.

CPI Aerostructures And MST Manufacturing Sign Long Term Agreement Through 2027

DA Davidson analyst Linda Bolton Weiser maintains Inter Parfums (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPAR#NASDAQ">IPAR</a>) with a Buy and maintains $192 price target.

Price Target

Analyst Ratings

IPAR

DA Davidson Maintains Buy on Inter Parfums, Maintains $192 Price Target

SAP shares are trading higher after the company reported Q2 financial results.

NECB

NorthEast Community Q2 2024 GAAP EPS $0.97

KKR Real Estate Finance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>) reported quarterly losses of $(1.57) per share which beat the analyst consensus estimate of $(1.67) by 5.99 percent. This is a 427.08 percent decrease over earnings of $0.48 per share from the same period last year. The company reported quarterly sales of $40.433 million which beat the analyst consensus estimate of $36.820 million by 9.81 percent. This is a 8.01 percent decrease over sales of $43.952 million the same period last year.

KREF

KKR Real Estate Finance Q2 2024 Adj EPS $(1.57) Beats $(1.67) Estimate, Sales $40.433M Beat $36.820M Estimate

Jones Trading analyst Jason Weaver maintains Dynex Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DX#NYSE">DX</a>) with a Buy and lowers the price target from $14 to $13.25.

Jones Trading Maintains Buy on Dynex Cap, Lowers Price Target to $13.25

TERN

Kenneth Griffin Reports 5.3% Passive Stake In Terns Pharmaceuticals As Of July 10

FEIM

Frequency Electronics Q4 EPS $0.28 Up From $0.03 YoY; Revenue ~$15.6M Up From $13.0M YoY

RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) reported quarterly earnings of $1.72 per share which beat the analyst consensus estimate of $1.34 by 28.36 percent. This is a 48.28 percent increase over earnings of $1.16 per share from the same period last year. The company reported quarterly sales of $459.899 million which beat the analyst consensus estimate of $443.658 million by 3.66 percent. This is a 9.62 percent increase over sales of $419.541 million the same period last year.

RLI Q2 2024 Adj EPS $1.72 Beats $1.34 Estimate, Sales $459.899M Beat $443.658M Estimate

GAAP net income for full year 2024 is forecasted in the range of&nbsp;$361.0 million&nbsp;to&nbsp;$383.0 million. Additionally, full year 2024 EBITDA is expected in the range of&nbsp;$430.0 million&nbsp;to&nbsp;$460.0 million.

Medpace Holdings Revises 2024 Revenue Forecast From $2.15B - $2.20B To $2.125B - $2.175B (Est $2.17B), EPS From $10.79 - $11.47 To $11.24 - $11.93 (Est $11.25)

CBNK

Capital Bancorp Increases Quarterly Dividend From $0.08 To $0.10 Per Share

Equity Lifestyle Properties Sees FY24 Normalized FFO $2.86-$2.96 Vs $2.90 Est.

Equity Lifestyle Properties Sees Q3 Normalized FFO $0.69-$0.75 Vs $0.65 Est.

Outlook In light of first half operating results, the Company now projects full-year diluted EPS in the range of $6.00 to $6.25 compared to previous guidance of $5.80 to $6.20.&nbsp; Free cash flow for the year is now expected to be at least $750 million.
Third quarter adjusted earnings per share are expected to be in the range of $1.75 to $1.85.

Crown Holdings Sees Q3 EPS $1.75-$1.85 Vs $1.79 Est.; Raises FY24 EPS From $5.80-$6.20 To $6.00-$6.25 Vs $5.97 Est.

DA Davidson analyst Linda Bolton Weiser maintains Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) with a Buy and maintains $27 price target.

DA Davidson Maintains Buy on Mattel, Maintains $27 Price Target

Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) shares are moving lower on Monday. Here&#8217;s <a href="https://www.benzinga.com/news/24/07/39845396/apple-tv-takes-on-netflix-with-new-hollywood-licensing-deals">what you need to know.</a>
What&#8217;s Going On: India&#8217;s antitrust body has raised concerns about the $8.5 billion merger between its media assets and Reliance Industries (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RLNIY#OTC">RLNIY</a>). 
Announced in February, the merger wanted to form the largest entertainment entity in India, encompassing 120 TV channels, two streaming services and valuable sports rights, especially for cricket, according to Reuters.
India's Competition Commission (CCI) issued around 100 questions to both companies regarding their merger, focusing on sports rights and whether YouTube should be categorized with subscription streaming services like Netflix and Disney+. This follows a confidential submission in May by Disney and Reliance, who argued that the merger would not negatively impact competition. 
In response to the CCI, Disney and Reliance defended YouTube&#8217;s position in the market, emphasizing its licensed, paid content and extensive reach.
Jefferies estimated the combined Disney-Reliance entity could capture 40% of the advertising market in the TV and streaming sectors.
In related news, the Teamsters at Disneyland have voted <a href="https://www.benzinga.com/general/entertainment/24/07/39891630/disneyland-strike-nears-14-000-workers-set-to-target-california-theme-park-in-first-walkout">overwhelmingly to authorize a strike</a>, with 99% in favor, potentially impacting Disney&#8217;s operations.
DIS Price Action: Disney shares are down by 1.68% at $94.13 at market close Monday according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="526" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22143011/DIS-1024x526.png" alt="" class="wp-image-449426" style="width:476px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22143011/DIS-1024x526.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22143011/DIS-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22143011/DIS-768x395.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22143011/DIS.png 1099w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also: 
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39890121/cannabis-stocks-surge-then-plummet-on-news-that-biden-is-bowing-out-of-2024-presidential-race">Cannabis Stocks Surge Then Plummet On News That Biden Is Bowing Out Of 2024 Presidential Race</a></li>
</ul>
Image Via Shutterstock.

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Simplify Exchange Traded Funds Simplify Commodities Strategy No K-1 ETF

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Latest news for Simplify Exchange Traded Funds Simplify Commodities Strategy No K-1 ETF (ARCA:HARD)