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The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities that compose the funds index. The index is designed to comprise a subset of securities in the U.S. Universe issued by companies whose market capitalizations are smaller than the 750th largest U.S. company but excluding the smallest 4% of U.S. companies at the time of reconstitution.

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Car repossessions rose in 2024 due to financial distress and potential interest rate cuts, with a 23% increase compared to last year. Lenders became more lenient during the pandemic, but higher rates have led to bigger car payments.

Car Repos Jump In The First Half Of 2024 As Fed Eyes Rate Cuts

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Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) shares were climbing in on Friday, after having tanked in the previous trading session following the release of the company's <a href="https://www.benzinga.com/25/01/43335926/comcast-q4-earnings-beats-estimates-peacock-subscribers-surge-29-dividend-raised-15-billion-buyback-approved">fourth-quarter results</a>.
The company reported its quarterly results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<h1 class="wp-block-heading">BofA Securities On Comcast</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6422c89f5ce4fa00014ff23b/jessica-reif%20ehrlich">Analyst Jessica Reif Ehrlich</a> downgraded the rating from Buy to Neutral, while slashing the price target from $50 to $38.
Comcast continues to lose broadband market share amid a competitive environment "with still ramping FWA deployments and accelerating fiber builds," Reif Ehrlich said in the downgrade note. The U.S. broadband market has significantly matured, resulting in limited industry growth going ahead, she added.
The company's guidance for ARPU (average revenue per user) growth shows a softening to 3%-4%, "as it leans in converged (i.e. discounted) offerings," the analyst stated. "Peacock requires increased investment which will continue to be a drag on results," she further wrote.
<h1 class="wp-block-heading">Benchmark On Comcast</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ca96e4b85e930001f446dd/matthew-harrigan">Analyst Matthew Harrigan</a> reaffirmed a Buy rating while reducing the price target to $55.
Comcast's stock tanked on Thursday after the company's broadband unit growth missed expectations again, Harrigan said. The stock was also impacted by President Michael Cavanaugh suggesting that Xfinity "could retreat from its 3%-4% broadband pricing collar if highly desirable to support a new connectivity bundled approach with greater emphasis on mobile," he added.
The implied valuation of Connectivity &amp; Platforms based on Comcast's current share price suggests the loss of 1.25 million broadband customers annually "with a complete absence of pricing power," the analyst stated.
<h1 class="wp-block-heading">Goldman Sachs On Comcast</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5a1c4e20efacff00015a984c/michael-ng">Analyst Michael Ng</a> reiterated a Buy rating while cutting the price target from $50 to $44.
Comcast's consolidated revenue of $31.9 billion came in ahead of the consensus of $31.6 billion, with adjusted earnings of 96 cents per share topping expectations of 86 per share, Ng said in a note. Management raised the dividend by eight cents to $1.32 per share for 2025 and the board approved a new share repurchase authorization of $15 billion, he added.
"CMCSA is now more aggressively using wireless as a tool to drive subscriber acquisition and retention resulting in near-term margin headwinds from elevated direct product costs, marketing, and ARPU headwinds," the analyst stated. The company's domestic broadband net additions could contract by 496,000 in 2025 and ARPU growth comes in at 3.0%, the low-end of the 3%-4% guidance range, he further stated.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
<h1 class="wp-block-heading">Oppenheimer On Comcast</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59282ae6290fa7000185325b/timothy-horan">Analyst Timothy Horan</a> maintained an Outperform rating and price target of $55.
Comcast's strong fourth-quarter results were "largely overshadowed by weak subscriber growth, Content &amp; Experiences EBITDA guidance, and management not reiterating broadband ARPU growth of 3%-4%," Horan said. The company would find it difficult to grow revenue and EBITDA in 2025, given tough comps and investments in Theme Parks and Studios, he added.
Management plans to launch more aggressive promotions and pricing to stem the loss of share in broadband, the analyst stated. This is a risk to the Connectivity &amp; Platforms revenues and margins, he further said.
<h1 class="wp-block-heading">Scotiabank On Comcast</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5a53c034adcfa70001c2b366/maher-yaghi">Analyst Maher Yaghi</a> reiterated a Sector Outperform rating and price target of $48.
Comcast reported strong quarterly results but faced "continued pressure on broadband loading," Yaghi said. Although the company's subscriber losses in the fourth quarter were within expectations, "the stock is likely to remain pressured until those trends begin to revert," he added.
Given its strong balance sheet, Comcast is returning "significant capital to shareholders," with a large share repurchase plan, the analyst stated. "We believe the company is well positioned to continue to invest in its networks, but until we see a sustainable recovery in broadband subscriber additions, valuation multiples will likely be hard to expand," he further wrote.
<h2 class="wp-block-heading">Rosenblatt Securities On Comcast</h2>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586cf168351b9b0001a3054e/barton-crockett">Analyst </a><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586cf168351b9b0001a3054e/barton-crockett">Barton Crockett</a> reaffirmed a Neutral rating on the stock.
Comcast's revenues grew by 2% year-on-year to $31.9 billion, while adjuste4d EBITDA rose 10% to $8.8 billion, Crockett said. Both topped consensus by around $300 million, he added.
The decline in the stock was the biggest single-day loss in over five years, the analyst stated. This was due to a steeper decline in broadband subscribers than was feared as well as the softening of ARPU guidance, he further mentioned.
CMCSA Price Action: Shares of Comcast had risen by 1.13% to $33.63 at the time of publication on Friday.
Read More: • <a href="https://www.benzinga.com/general/entertainment/25/01/43150781/netflix-crushed-q4-thanks-to-sports-squid-game-says-gary-black-analyst-highlights-low-attrition-despite-price-hikes-predicts-stock-upside">Netflix Crushed Q4 Thanks To Sports, Squid Game, Says Gary Black: Analyst Highlights Low Attrition Despite Price Hikes, Predicts Stock Upside</a>
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CMCSA

Comcast Q4 Beat Overshadowed By Broadband Loss; Pain To Continue, Analysts Say

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Hartford Financial Services Group shares are trading lower after the company announced mixed Q4 financial results.

Oppenheimer analyst Bryan Blair maintains A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) with a Outperform and lowers the price target from $88 to $84.

Oppenheimer Maintains Outperform on A.O. Smith, Lowers Price Target to $84

Rogers Communication shares are trading lower. The company reported Q4 financial results yesterday.

JP Morgan analyst Richard Shane maintains Annaly Capital Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLY#NYSE">NLY</a>) with a Overweight and raises the price target from $19 to $21.

JP Morgan Maintains Overweight on Annaly Capital Management, Raises Price Target to $21

RBC Capital analyst Maurice Choy maintains Brookfield Infr Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIP#NYSE">BIP</a>) with a Outperform and maintains $40 price target.

RBC Capital Maintains Outperform on Brookfield Infr Partners, Maintains $40 Price Target

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Super Micro Computer shares are trading higher after the CEO, on January 30th, announced a partnership with xAI.

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This Week In Cannabis: Paraguay Nears Adult-Use Sales, JPMorgan Hints At Banking And More On Earnings, NHL, Tyson, STIIIZY, Germany

Keefe, Bruyette &amp; Woods analyst Sanjay Sakhrani maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Outperform and raises the price target from $360 to $400.

Keefe, Bruyette & Woods Maintains Outperform on Visa, Raises Price Target to $400

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2025/01/2025-01-31_08h22_06.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h4 class="wp-block-heading">Gold Breaks Out</h4>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-gold-breaks-out-iphone-sales-nvidia-demand-gld-mc-01312025">click here</a> for a chart of gold ETF SPDR Gold Trust (GLD).
Note the following:
<ul>
<li>The chart shows gold is breaking out.</li>
<li>By giving hundreds of millions of dollars to politicians, crypto lobbyists in the U.S. have succeeded at persuading a leading senator and advisors to the president to advocate that the U.S. government sell the gold stored at Fort Knox.&nbsp; Central banks of countries such as China are buying gold.</li>
<li>The chart shows unprecedentedly accurate calls by The Arora Report on gold.
<ul>
<li>As shown on the chart, when gold was in the $600 range, the Arora call was to back up the truck and buy gold.</li>
<li>As shown on the chart, on the exact day gold topped out in 2011, only hours before the top, The Arora Report call was to sell half of the gold holdings at $1904 with a stop on the remaining at $1757.&nbsp; The chart shows the gold subsequently lost half of its value.</li>
<li>As shown on the chart in 2016, The Arora Report call was credited with the major drop in gold prices.&nbsp; Business Standard which is like the Wall Street Journal of India wrote, "<a href="https://www.business-standard.com/article/markets/arora-report-creates-ripples-in-bullion-market-116112400838_1.html">Arora report creates ripples in bullion market</a>."</li>
</ul>
</li>
<li>As full disclosure, gold is in The Arora Report&#8217;s ZYX Allocation Model Portfolio.</li>
<li>The immediate trigger for a breakout was what we shared in <a href="https://www.benzinga.com/markets/equities/25/01/43345116/humanoid-robots-bigget-than-evs-retail-investors-buy-1b-nvidia-but-institutions-sell-microsoft-o">yesterday's Morning Capsule</a>.&nbsp; We wrote:</li>
</ul>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">With quantitative tightening, the Bank of Japan (BOJ) has shrunk its balance sheet by $500B.&nbsp; This move is causing the dollar to weaken.
</blockquote>
<ul>
<li>If the dollar drops, gold can fly.</li>
<li>President Trump is threatening to impose 25% tariffs on Mexico and Canada tomorrow.  ETFs of interest are iShares MSCI Mexico ETF (EWW) and iShares MSCI Canada ETF (EWC).</li>
<li>If Trump actually imposes the tariffs, it will help gold move higher.&nbsp; On the other hand if Trump backs off, gold's breakout may fail.</li>
<li>The drop in iPhone sales is disturbing.  iPhone sales fell 11% in China.  Overall, iPhone revenues came at $69.1B vs. $71B consensus.  Apple Inc (AAPL) CEO did exactly what CEOs do when things go wrong – Apple declared that it had the best quarter ever.  A combination of Apple's positive spin, a fear that sales could have been even worse, and extreme positive sentiment in the market is driving AAPL stock about 4% higher in the early trade.</li>
<li>In addition to AI, gaming is still an important business for NVIDIA Corp (NVDA).  The demand for new RTX 50 series GPUs is unprecedented.  At many outlets, the entire RTX 50 series was sold out in minutes.</li>
<li>Retail investors are extremely aggressively buying NVDA stock.</li>
<li>Institutions who have been selling NVDA stock have stopped selling NVDA stock this morning after a report that Nvidia's CEO Jensen Huang will meet with President Trump today at the White House.</li>
<li>As full disclosure, a new signal on NVDA stock from The Arora Report is ahead.</li>
<li>The U.S. government is investigating if DeepSeek improperly obtained Nvidia GPUs from Singapore.  How does Amazon.com, Inc. (AMZN) respond?  Amazon is now offering DeepSeek to its customers.  Yesterday, we shared with you that Microsoft Corp (MSFT) was starting to offer DeepSeek to its customers.  Even employees at the Pentagon appeared to have been downloading DeepSeek in large numbers before the practice was stopped.  The foregoing shortsighted behavior illustrates why it is so easy for China to keep on marching towards its goal of replacing the U.S. as the next superpower.</li>
<li>PCE is the Fed's favorite inflation gauge.&nbsp; PCE data came inline with expectations.&nbsp; Here are the details:
<ul>
<li>Headline PCE came at 0.3% vs. 0.3% consensus.</li>
<li>Core PCE came at 0.2% vs. 0.2% consensus.</li>
</ul>
</li>
<li>The U.S. economy is 70% consumer based.&nbsp; For this reason, prudent investors pay attention to personal income and personal spending.&nbsp; The data indicates that U.S. consumers continue to splurge.&nbsp; Here are the details:
<ul>
<li>Personal spending came at 0.7% vs. 0.5% consensus.</li>
<li>Personal income came at 0.4% vs. 0.4% consensus.</li>
</ul>
</li>
</ul>
<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>
In the early trade, money flows are positive in AAPL, AMZN, MSFT, Alphabet Inc Class C (GOOG), and Meta Platforms Inc (META).
In the early trade, money flows are negative in NVDA and Tesla Inc (TSLA).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (GLD).  The most popular ETF for silver is iShares Silver Trust (SLV).  The most popular ETF for oil is United States Oil ETF (USO).
<h4 class="wp-block-heading">Bitcoin</h4>
Bitcoin is range bound.
<h4 class="wp-block-heading">Protection Band And What To Do Now</h4>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Commodities

Gold Breaks Out, Disturbing iPhone Decline, High Demand For Nvidia RTX 50, Amazon Offers DeepSeek

Chevron shares are trading lower after the company reported Q4 financial results and missed its adjusted EPS estimate.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$300.00</td>
<td>$31.2K</td>
<td>5.6K</td>
<td>5.1K</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$80.00</td>
<td>$80.8K</td>
<td>1.9K</td>
<td>1.0K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$80.00</td>
<td>$116.4K</td>
<td>31.3K</td>
<td>226</td>
</tr>
<tr>
<td>OZK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$60.00</td>
<td>$89.0K</td>
<td>854</td>
<td>200</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$40.00</td>
<td>$40.2K</td>
<td>8.3K</td>
<td>181</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$315.00</td>
<td>$56.8K</td>
<td>1.7K</td>
<td>112</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/07/25</td>
<td>$93.00</td>
<td>$35.5K</td>
<td>4</td>
<td>100</td>
</tr>
<tr>
<td>DAVE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$75.00</td>
<td>$170.0K</td>
<td>2.4K</td>
<td>64</td>
</tr>
<tr>
<td>MA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$580.00</td>
<td>$140.0K</td>
<td>0</td>
<td>45</td>
</tr>
<tr>
<td>COF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$180.00</td>
<td>$116.6K</td>
<td>5.8K</td>
<td>39</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 100 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $312.0 per contract. There were 5687 open contracts at this strike prior to today, and today 5153 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a call option sweep that happens to be neutral, expiring in 49 day(s) on March 21, 2025. This event was a transfer of 368 contract(s) at a $80.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $80.8K, with a price of $221.0 per contract. There were 1992 open contracts at this strike prior to today, and today 1053 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bullish sentiment. It expires in 105 day(s) on May 16, 2025. Parties traded 206 contract(s) at a $80.00 strike. This particular call needed to be split into 72 different trades to become filled. The total cost received by the writing party (or parties) was $116.4K, with a price of $565.0 per contract. There were 31358 open contracts at this strike prior to today, and today 226 contract(s) were bought and sold. 
• Regarding OZK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OZK#NASDAQ">OZK</a>), we observe a put option sweep with bullish sentiment. It expires in 49 day(s) on March 21, 2025. Parties traded 100 contract(s) at a $60.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $89.0K, with a price of $890.0 per contract. There were 854 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option trade that happens to be bullish, expiring in 21 day(s) on February 21, 2025. This event was a transfer of 30 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $40.2K, with a price of $1340.0 per contract. There were 8339 open contracts at this strike prior to today, and today 181 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a call option sweep that happens to be bullish, expiring in 21 day(s) on February 21, 2025. This event was a transfer of 18 contract(s) at a $315.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $56.8K, with a price of $3157.0 per contract. There were 1795 open contracts at this strike prior to today, and today 112 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a call option sweep that happens to be neutral, expiring in 35 day(s) on March 7, 2025. This event was a transfer of 100 contract(s) at a $93.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $35.5K, with a price of $355.0 per contract. There were 4 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For DAVE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NASDAQ">DAVE</a>), we notice a call option sweep that happens to be bullish, expiring in 76 day(s) on April 17, 2025. This event was a transfer of 50 contract(s) at a $75.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $170.0K, with a price of $3400.0 per contract. There were 2438 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold. 
• For MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we notice a put option sweep that happens to be bearish, expiring in 714 day(s) on January 15, 2027. This event was a transfer of 25 contract(s) at a $580.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $140.0K, with a price of $5590.0 per contract. There were 0 open contracts at this strike prior to today, and today 45 contract(s) were bought and sold. 
• For COF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), we notice a call option sweep that happens to be neutral, expiring in 76 day(s) on April 17, 2025. This event was a transfer of 39 contract(s) at a $180.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $116.6K, with a price of $2991.0 per contract. There were 5880 open contracts at this strike prior to today, and today 39 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AFRM

COIN

DAVE

HOOD

PYPL

10 Financials Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$420.00</td>
<td>$73.6K</td>
<td>19.0K</td>
<td>155.6K</td>
</tr>
<tr>
<td>LAZR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$3.00</td>
<td>$35.4K</td>
<td>67</td>
<td>3.0K</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$50.00</td>
<td>$51.6K</td>
<td>4.3K</td>
<td>2.9K</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$100.00</td>
<td>$66.2K</td>
<td>1.3K</td>
<td>2.3K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$120.00</td>
<td>$193.2K</td>
<td>9.0K</td>
<td>1.8K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/07/25</td>
<td>$114.00</td>
<td>$51.2K</td>
<td>331</td>
<td>468</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$360.00</td>
<td>$25.5K</td>
<td>401</td>
<td>401</td>
</tr>
<tr>
<td>HOG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$25.00</td>
<td>$51.8K</td>
<td>81</td>
<td>280</td>
</tr>
<tr>
<td>ABNB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$134.00</td>
<td>$50.0K</td>
<td>100</td>
<td>259</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$20.00</td>
<td>$28.6K</td>
<td>8.0K</td>
<td>183</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 410 contract(s) at a $420.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $73.6K, with a price of $183.0 per contract. There were 19083 open contracts at this strike prior to today, and today 155641 contract(s) were bought and sold. 
• Regarding LAZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>), we observe a call option trade with bullish sentiment. It expires in 350 day(s) on January 16, 2026. Parties traded 100 contract(s) at a $3.00 strike. The total cost received by the writing party (or parties) was $35.4K, with a price of $354.0 per contract. There were 67 open contracts at this strike prior to today, and today 3052 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a put option trade that happens to be bullish, expiring in 21 day(s) on February 21, 2025. This event was a transfer of 501 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $51.6K, with a price of $103.0 per contract. There were 4345 open contracts at this strike prior to today, and today 2953 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a call option trade that happens to be neutral, expiring in 105 day(s) on May 16, 2025. This event was a transfer of 1250 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $66.2K, with a price of $53.0 per contract. There were 1379 open contracts at this strike prior to today, and today 2363 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bullish, expiring in 76 day(s) on April 17, 2025. This event was a transfer of 600 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $193.2K, with a price of $322.0 per contract. There were 9033 open contracts at this strike prior to today, and today 1842 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on February 7, 2025. This event was a transfer of 200 contract(s) at a $114.00 strike. The total cost received by the writing party (or parties) was $51.2K, with a price of $256.0 per contract. There were 331 open contracts at this strike prior to today, and today 468 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option trade that happens to be bearish, expiring in 168 day(s) on July 18, 2025. This event was a transfer of 399 contract(s) at a $360.00 strike. The total cost received by the writing party (or parties) was $25.5K, with a price of $64.0 per contract. There were 401 open contracts at this strike prior to today, and today 401 contract(s) were bought and sold. 
• Regarding HOG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>), we observe a put option sweep with bullish sentiment. It expires in 196 day(s) on August 15, 2025. Parties traded 280 contract(s) at a $25.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $51.8K, with a price of $185.0 per contract. There were 81 open contracts at this strike prior to today, and today 280 contract(s) were bought and sold. 
• Regarding ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we observe a call option trade with bullish sentiment. It expires in 21 day(s) on February 21, 2025. Parties traded 73 contract(s) at a $134.00 strike. The total cost received by the writing party (or parties) was $50.0K, with a price of $685.0 per contract. There were 100 open contracts at this strike prior to today, and today 259 contract(s) were bought and sold. 
• Regarding RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we observe a call option trade with neutral sentiment. It expires in 322 day(s) on December 19, 2025. Parties traded 180 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $28.6K, with a price of $159.0 per contract. There were 8023 open contracts at this strike prior to today, and today 183 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ABNB

AMZN

BABA

LAZR

Citigourp Global Markets 2% Protected Notes Linked To The Djia

RIVN

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

RBC Capital analyst Karl Shepard maintains Bread Finl Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFH#NYSE">BFH</a>) with a Sector Perform and raises the price target from $62 to $68.

RBC Capital Maintains Sector Perform on Bread Finl Hldgs, Raises Price Target to $68

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/31/25</td>
<td>$126.00</td>
<td>$53.5K</td>
<td>37.9K</td>
<td>219.2K</td>
</tr>
<tr>
<td>VIAV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$11.00</td>
<td>$28.7K</td>
<td>6.0K</td>
<td>6.4K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$70.00</td>
<td>$46.6K</td>
<td>15.0K</td>
<td>4.9K</td>
</tr>
<tr>
<td>VSH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$17.50</td>
<td>$32.1K</td>
<td>2.9K</td>
<td>3.2K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/07/25</td>
<td>$237.50</td>
<td>$25.3K</td>
<td>771</td>
<td>1.3K</td>
</tr>
<tr>
<td>CRDO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$80.00</td>
<td>$39.7K</td>
<td>4.9K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$347.50</td>
<td>$27.2K</td>
<td>905</td>
<td>1.2K</td>
</tr>
<tr>
<td>CLS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$116.00</td>
<td>$96.7K</td>
<td>198</td>
<td>1.1K</td>
</tr>
<tr>
<td>ARM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$140.00</td>
<td>$50.0K</td>
<td>4.9K</td>
<td>908</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$435.00</td>
<td>$71.0K</td>
<td>2.2K</td>
<td>703</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 955 contract(s) at a $126.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $53.5K, with a price of $56.0 per contract. There were 37936 open contracts at this strike prior to today, and today 219229 contract(s) were bought and sold. 
• Regarding VIAV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>), we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on February 21, 2025. Parties traded 261 contract(s) at a $11.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $110.0 per contract. There were 6070 open contracts at this strike prior to today, and today 6403 contract(s) were bought and sold. 
• Regarding WDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on February 21, 2025. Parties traded 279 contract(s) at a $70.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $46.6K, with a price of $167.0 per contract. There were 15028 open contracts at this strike prior to today, and today 4958 contract(s) were bought and sold. 
• For VSH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSH#NYSE">VSH</a>), we notice a call option sweep that happens to be bullish, expiring in 49 day(s) on March 21, 2025. This event was a transfer of 247 contract(s) at a $17.50 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $32.1K, with a price of $130.0 per contract. There were 2939 open contracts at this strike prior to today, and today 3239 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on February 7, 2025. Parties traded 100 contract(s) at a $237.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $253.0 per contract. There were 771 open contracts at this strike prior to today, and today 1302 contract(s) were bought and sold. 
• Regarding CRDO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>), we observe a call option trade with bullish sentiment. It expires in 21 day(s) on February 21, 2025. Parties traded 150 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $39.7K, with a price of $265.0 per contract. There were 4954 open contracts at this strike prior to today, and today 1285 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 100 contract(s) at a $347.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $274.0 per contract. There were 905 open contracts at this strike prior to today, and today 1275 contract(s) were bought and sold. 
• For CLS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 78 contract(s) at a $116.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $96.7K, with a price of $1240.0 per contract. There were 198 open contracts at this strike prior to today, and today 1151 contract(s) were bought and sold. 
• Regarding ARM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), we observe a put option sweep with bearish sentiment. It expires in 21 day(s) on February 21, 2025. Parties traded 189 contract(s) at a $140.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $50.0K, with a price of $265.0 per contract. There were 4936 open contracts at this strike prior to today, and today 908 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bullish, expiring in 49 day(s) on March 21, 2025. This event was a transfer of 100 contract(s) at a $435.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $71.0K, with a price of $710.0 per contract. There were 2294 open contracts at this strike prior to today, and today 703 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AVGO

CRDO

MSFT

MSTR

NVDA

VIAV

10 Information Technology Stocks With Whale Alerts In Today's Session

Keefe, Bruyette &amp; Woods analyst Sanjay Sakhrani maintains Mastercard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) with a Outperform and raises the price target from $618 to $665.

Keefe, Bruyette & Woods Maintains Outperform on Mastercard, Raises Price Target to $665

IPOs

MTSR

Metsera IPO Shares Open For Trade At $25.50/Share; IPO Priced At $18/Share On 15.28M Shares

RBC Capital analyst Karl Shepard reiterates Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) with a Sector Perform and maintains $31 price target.

BHLB

RBC Capital Reiterates Sector Perform on Berkshire Hills Bancorp, Maintains $31 Price Target

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains LPL Finl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPLA#NASDAQ">LPLA</a>) with a Outperform and raises the price target from $390 to $405.

LPLA

Keefe, Bruyette & Woods Maintains Outperform on LPL Finl Hldgs, Raises Price Target to $405

RBC Capital analyst Scott Heleniak maintains Arthur J. Gallagher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>) with a Outperform and raises the price target from $320 to $340.

RBC Capital Maintains Outperform on Arthur J. Gallagher, Raises Price Target to $340

So far this year, <a href="https://www.benzinga.com/news/23/01/30593128/people-arent-keeping-up-with-car-payments-and-it-hasnt-been-this-bad-since-2009">car repossessions are up</a> 23% compared with the same period last year. 



What Happened: According <a href="https://www.bloomberg.com/news/articles/2024-07-16/car-repossessions-surge-23-as-amer[…]nd-on-payments-lyoklofb?srnd=homepage-americas&amp;sref=TBDibEcD">to</a> Bloomberg, citing data from Cox Automotive, vehicle repossessions <a href="https://www.benzinga.com/news/23/12/36097900/repo-rates-spike-are-lessons-of-the-2019-funding-crisis-being-heeded">began increasing in 2023</a>. They&#8217;re up 14% from the first half of 2019, exceeding pre-pandemic levels.



Vehicle seizures, which usually happen after three months of missed car payments, fell during the pandemic. Recall how lenders became more lenient and stimulus checks boosted borrowers' finances.



Also Read: <a href="https://www.benzinga.com/government/24/06/39453493/how-are-byd-xiaomi-and-nio-boosting-car-sales">How Are BYD, Xiaomi And Nio Boosting Car Sales?</a>



But the Federal Reserve&#8217;s refusing to cut interest rates have led to heftier car payments. The average interest rate for a new car is currently 7.3% and 11.5%, according to Edmunds data. 



As a result, the average monthly car payment has reached $739 for a new car and $549 for a used car.



The percentage of subprime auto borrowers who were at least 60 days late on their bills in June was 5.62%. That&#8217;s down just slightly from a record in February, according to Fitch Ratings, Bloomberg reported.



The Fed is expected to begin lowering its key interest rate ranging from 5.25% to 5.50% in September as inflation shows signs of cooling, a move that could give borrowers the chance to refinance or buy something else.



Price Action: Credit Acceptance Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>), a Michigan-based auto finance company, rose 3.89% to $607.72 by late-afternoon trading on Tuesday.



Exchange-traded funds (ETFs) that track Credit Acceptance also trended upward.



SRH U.S. Quality ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHRU#NYSE">SHRU</a>) gained 0.61 as IQ Candriam U.S. Mid Cap Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IQSM#NYSE">IQSM</a>) moved up 0.33% and RiverNorth Patriot ETF (FLDZ) improved 0.20%. Schwab Fundamental U.S. Small Company ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNDA#NYSE">FNDA</a>) jumped 2.94% and John Hancock Multifactor Small Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHSC#NYSE">JHSC</a>) picked up 2.63%.



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Small-cap stocks and the related exchange traded funds are springing back to life after lagging to start 2017. Over the past 90 days, the Russell 2000 Index and the S&amp;P SmallCap 600 Index have each returned more than 6 percent.
Perhaps the John Hancock Multifactor Small Cap ETF (NYSE:<a class="ticker" href="/stock/JHSC#NYSE">JHSC</a>) will prove to be a well-timed addition to the small-cap ETF arena. The John Hancock Multifactor Small Cap ETF debuted Monday, rounding out Boston-based John Hancock&#39;s suite of large- and mid-cap factor ETFs.
The new ETF tracks the John Hancock Dimensional Small Cap Index, which was developed by Dimensional Fund Advisors. The John Hancock Multifactor Large Cap ETF (NYSE:<a class="ticker" href="/stock/JHML#NYSE">JHML</a>) and the John Hancock Multifactor Mid Cap ETF (NYSE:<a class="ticker" href="/stock/JHMM#NYSE">JHMM</a>) also track benchmarks developed by DFA.
<h3>
	More On JHSC</h3>
JHSC &ldquo;consists of securities in the U.S. universe issued by companies whose market capitalizations are smaller than the 750th largest U.S. company but larger than the smallest 4 percent of U.S. companies,&rdquo;<a href="http://markets.businessinsider.com/news/stocks/John-Hancock-Investments-launches-Multifactor-Small-Cap-ETF-1007871619"> according to a statement</a> from John Hancock.&nbsp;
The new ETF has 480 holdings, giving it a smaller roster than cap-weighted funds tracking the Russell 2000 and S&amp;P SmallCap 600 indexes.
JHSC allocates nearly 17 percent of its weight to the financial services sector and over 16 percent to technology stocks. The industrial and consumer discretionary sectors combine for over 28 percent of the new ETF&#39;s roster, with real estate and healthcare names combining for over 20 percent.
Factor Phenomenon
Multi-factor ETFs have become an increasingly prominent part of the fast-growing smart beta landscape, as historical data show different factors lead and lag over varying time frames. Multi-factor funds help eliminate the need for factor timing.
For its part, JHSC focuses on the small-cap size factor, profitability and lower relative price. JHSC charges 0.5 percent per year, or $50 on a $10,000 investment.
John Hancock has a combined $1 billion in assets under management across its suite of ETFs.
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John Hancock Multifactor Small Cap ETF

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