Innovator U.S. Equity Power Buffer ETF - February (BATS: PFEB)

Latest news for Innovator U.S. Equity Power Buffer ETF - February (BATS:PFEB)

The Fund invests at least 80 Percent of its net assets in FLexible EXchange Options (FLEX Options) that reference the SPDR S&P 500 ETF Trust (the Underlying ETF). FLEX Options are exchange-traded options contracts with uniquely customizable terms.

Innovator US Equity Power Buffer ETF February

Wednesday’s ETF Winners And Losers: Small-Cap Fund Flows - QQQE, Little Cousin Of Invesco’s QQQ, Adds $173.17 Million

News

ETFs

EMGF

ODFL

PFEB

QQQE

SIRI

BITO

We performed a screening of small-cap ETFs - defined as having Assets Under Management (AUM) between $400 million and $2 billion - to determine what funds had the largest change in net assets on the week, according to data from etfdb.com. Only non-leveraged funds were considered. 

Wednesday&#39;s ETF Winners And Losers: Small-Cap Fund Flows - QQQE, Little Cousin Of Invesco&#39;s QQQ, Adds $173.17 Million

Innovator U.S. Equity Power Buffer ETF - February

Morgan Stanley analyst David Arcaro maintains Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) with a Equal-Weight and lowers the price target from $46 to $44.

Price Target

Analyst Ratings

Morgan Stanley Maintains Equal-Weight on Exelon, Lowers Price Target to $44

JP Morgan analyst Andre Chang downgrades PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) from Overweight to Neutral and lowers the price target from $170 to $105.

Downgrades

Citigourp Global Markets 2% Protected Notes Linked To The Djia

JP Morgan Downgrades PDD Holdings to Neutral, Lowers Price Target to $105

WIIM

SPPL

SIMPPLE shares are trading higher after the company announced it deployed 89 autonomous cleaning robots across three major MJR lines in Singapore

Guggenheim analyst Howard Ma maintains Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Buy and raises the price target from $100 to $120.

ESTC

Guggenheim Maintains Buy on Elastic, Raises Price Target to $120

New polls of Benzinga readers show they don't think the Department of Justice should break up Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) or target other <a href="https://www.benzinga.com/topic/magnificent-seven">Magnificent 7 stocks.</a>
What Happened: A recent investigation by the Department of Justice found prosecutors telling Alphabet it <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">needs to divest </a>the Google Chrome browser to break a monopoly on online search.
A <a href="https://www.benzinga.com/tech/24/11/42140450/doj-targets-google-chrome-poll-shows-64-oppose-alphabet-breakup-youtube-seen-as-top-prize">poll of Benzinga readers </a>showed 64% of respondents saying that Alphabet should not be split up. While the Department of Justice's probe into Alphabet likely means some changes will be made in the future, attention could quickly turn to other big technology companies after the Google parent.
"Which other Magnificent 7 stock should be broken up?" Benzinga asked.
The results were:
<ul>
<li>None of them: 51%</li>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): 14%</li>
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>): 12%</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): 11%</li>
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>): 5%</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): 5%</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>): 2%</li>
</ul>
Around half of the poll respondents said no other Magnificent 7 stocks should be broken up. Of the people who picked a stock to be broken up, Amazon led the way with 14% of the vote.
Read Also: <a href="https://www.benzinga.com/general/social-media/24/11/41912771/trump-presidency-magnificent-7-stock-impact-benzinga-readers-pick-tech-titan-at-most-risk-following-2024-election">Trump Presidency Magnificent 7 Stock Impact: Benzinga Readers Pick Tech Titan At Most Risk Following 2024 Election</a>
Why It's Important: The desire to split up Amazon likely comes from investors wanting to have access to invest in Amazon Web Services, also known as AWS, a pure-play cloud platform.
In the most recent third-quarter financial results, Amazon reported the following revenue by business segment:
<ul>
<li>North America: $95.5 billion, +9% year-over-year</li>
<li>International: $35.9 billion, +12% year-over-year</li>
<li>AWS: $27.5 billion, +19% year-over-year</li>
</ul>
This trend is a common occurrence of AWS growth outpacing the other business segments. While AWS is the smallest of the three main reporting segments, the cloud segment is seeing strong growth and getting closer to outpacing international revenue.
AWS is also the larger driver for Amazon's operating profit. Of the company's third-quarter total of $17.4 billion in operating profit, $10.4 billion came from AWS.
Meta Platforms came in second of the companies in the poll, which could be related to investors wanting access to the companies social media platforms like Facebook and Instagram or access to the WhatsApp messaging service.
Meta could find itself a target of the new White House administration with both Donald Trump and J.D. Vance speaking out about <a href="https://www.benzinga.com/general/politics/24/07/39826475/trumps-new-running-mate-j-d-vance-wants-to-break-up-google-could-2024-election-be-bad-for-big-te">the company previously.</a>
&#8220;I think that Google and Facebook have really distorted our political process. And I think a lot of my friends on the left would agree with me, but they might disagree with me directionally about how to fix that problem," Vance said earlier this year. &#8220;We have to stop the craziness, and I think one way to do it is to stop the way that these companies control the flow of information in our country.&#8221;
While many investors said Magnificent 7 stocks shouldn't be broken up, analysts see the move <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40378964/google-stock-swings-on-doj-investigation-analyst-says-googl-is-worth-more-in-pieces">potentially unlocking value </a>based on sum-of-the-parts valuations.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/42121665/could-another-magnificent-7-stock-beat-nvidia-in-2025-poll-says-not-likely-27-pick-this-potential-winner">Could Another Magnificent 7 Stock Beat Nvidia In 2025? Poll Says Not Likely, 27% Pick This Potential Winner</a></li>
</ul>
The study was conducted by Benzinga from Nov. 21 through Nov. 22, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 57 adults.
Photo: Shutterstock

Exclusives

Tech

AAPL

AMZN

GOOG

GOOGL

MSFT

NVDA

TSLA

Which Magnificent 7 Stock Should DOJ Target Next? Benzinga Poll Finds Over 50% Say...

In the current market session, Automatic Data Processing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) stock price is at $304.09, after a 0.16% drop. However, over the past month, the company's stock went up by 6.49%, and in the past year, by 33.82%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1732296637_0.png" alt="Past Year Chart" />

<h3>A Look at Automatic Data Processing P/E Relative to Its Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of the 79.91 in the Professional Services industry, Automatic Data Processing Inc. has a lower P/E ratio of 32.54. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1732296637_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Markets

Price Over Earnings Overview: Automatic Data Processing

Guggenheim analyst Shahriar Pourreza maintains Chesapeake Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) with a Neutral and raises the price target from $118 to $129.

Guggenheim Maintains Neutral on Chesapeake Utilities, Raises Price Target to $129

Morgan Stanley analyst David Arcaro maintains Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) with a Underweight and lowers the price target from $74 to $72.

Morgan Stanley Maintains Underweight on Edison Intl, Lowers Price Target to $72

Jefferies analyst Johnson Wan initiates coverage on Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) with a Buy rating and announces Price Target of $14.15.

Initiation

CSIQ

Jefferies Initiates Coverage On Canadian Solar with Buy Rating, Announces Price Target of $14.15

TD Cowen analyst Karl Ackerman maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Buy and raises the price target from $145 to $160.

NTAP

TD Cowen Maintains Buy on NetApp, Raises Price Target to $160

Morgan Stanley analyst Stephen Byrd maintains Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) with a Equal-Weight and lowers the price target from $122 to $118.

Morgan Stanley Maintains Equal-Weight on Duke Energy, Lowers Price Target to $118

Trading Ideas

On CNBC, Stephanie Link Announced Bought More Rockwell Automation

ABBV

CSCO

On CNBC, Jim Lebenthal Announced Bought More AbbVie; Bought More Cisco Systems

TD Cowen analyst Oliver Chen maintains BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) with a Buy and raises the price target from $95 to $110.

TD Cowen Maintains Buy on BJ's Wholesale Club, Raises Price Target to $110

Morgan Stanley analyst David Arcaro maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Overweight and lowers the price target from $131 to $128.

Morgan Stanley Maintains Overweight on DTE Energy, Lowers Price Target to $128

Jefferies analyst Julien Dumoulin-Smith initiates coverage on UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) with a Buy rating and announces Price Target of $28.

Jefferies Initiates Coverage On UGI with Buy Rating, Announces Price Target of $28

Live On CNBC, Kevin Simpson Announces Sold Walmart

Live On CNBC, Stephanie Link Announces Bought More Gap, Inc.

TD Cowen analyst Doug Creutz maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Buy and raises the price target from $176 to $211.

TTWO

TD Cowen Maintains Buy on Take-Two Interactive, Raises Price Target to $211

Morgan Stanley analyst David Arcaro maintains Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) with a Overweight and lowers the price target from $323 to $322.

Morgan Stanley Maintains Overweight on Constellation Energy, Lowers Price Target to $322

We performed a screening of small-cap ETFs - defined as having Assets Under Management (AUM) between $400 million and $2 billion - to determine what funds had the largest change in net assets on the week, according to data from <a href="http://etfdb.com">etfdb.com</a>. Only non-leveraged funds were considered.&nbsp;

<h2>Winners</h2>

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQE#NASDAQ">QQQE</a>)

QQQE added $173.17 million in net assets over the trailing week.

Direxion NASDAQ-100 Equal Weighted Index Shares is tied to the NASDAQ-100, much like QQQ, the uber-popular ETF from Invesco. However, they differ greatly in their weighting methodologies. In contrast to the more popular market cap weighting of QQQ which tends to lead to a top heavy concentration, QQQE is equally distributed amongst the 102 holdings.

QQQE has $1.16 billion in AUM and an expense ratio of 0.35%. The fund has holdings in 102 companies, with the 10 largest comprising 11.24% of the fund.

The fund&rsquo;s largest holdings are Sirius XM Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) and Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) making up 1.29% and 1.16% of the fund, respectively.

QQQE has added $641.13 million in net assets YTD.

ProShares Bitcoin Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITO#NYSE">BITO</a>)

BITO added $138.97 million in net assets over the trailing week.

BITO offers investors indirect exposure to Bitcoin within the ease and security of an ETF. The fund does not hold Bitcoin directly, but rather invests in Bitcoin futures. BITO&rsquo;s price movements follow the general movements of Bitcoin itself.

BITO has $1.16 billion in AUM and an expense ratio of 0.95%.&nbsp;

BITO has added $361.76 million in net assets YTD.

<h2>Losers</h2>

iShares Emerging Markets Equity Factor ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/EMGF#BATS">EMGF</a>)

EMGF lost $105.84 million in net assets over the trailing week.

The iShares Europe ETF offers exposure to a broad swath of large and mid-cap companies from emerging markets, like Taiwan. Within these markets, the fund looks for inexpensive stocks, financially healthy firms, trending stocks and relatively low market cap companies.

EMGF has $627.3 million in AUM and an expense ratio of 0.25%. The fund has holdings in 593 companies, with the 10 largest comprising 23.80% of the fund.

The fund&rsquo;s largest holdings are Taiwan Semiconductor Manufacturing Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and Samsung Electronics Co., Ltd. (KRX: 005930) making up 6.35% and 4.58% of the fund, respectively.

EMGF has lost $165.19 million in net assets YTD.

Innovator U.S. Equity Power Buffer ETF - February (BATS:<a class="ticker" href="https://www.benzinga.com/stock/PFEB#BATS">PFEB</a>)

PFEB lost $66.30 million in net assets over the trailing week.

The Innovator S&amp;P 500 Power Buffer ETF seeks to track the return of the S&amp;P 500 Price Return Index up to a predetermined cap, 14.34%, while buffering investors against the first 15% of losses over the outcome period.&nbsp;

PFEB has $532.9 million in AUM and an expense ratio of 0.79%.&nbsp;

PFEB has added $258.51 million in net assets YTD.

Read next:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/23/07/33285922/in-an-uncertain-stock-market-environment-this-new-buffer-etf-offers-100-downside-protect">In An Uncertain Stock Market Environment, A &#39;Buffer&#39; ETF Offers 100% Downside Protection, With Capped Gains</a>

Featured photo by<a href="https://unsplash.com/@yiorgosntrahas?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText"> Yiorgos Ntrahas</a> on<a href="https://unsplash.com/images/stock?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText"> Unsplash</a>

Comments

Innovator U.S. Equity Power Buffer ETF - February

News

Latest news for Innovator U.S. Equity Power Buffer ETF - February (BATS:PFEB)

Wednesday, July 19, 2023

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga