Latest news for Principal Value ETF (NASDAQ:PY)

Principal Value ETF

Financial Services

Technology

Industrials

Energy

Consumer Cyclical

Real Estate

Healthcare

Consumer Defensive

Communication Services

Basic Materials

Other

Under normal circumstances, the Fund primarily invests in equity securities, focusing on value stocks. For security selection and portfolio construction, Principal Global Investors, LLC uses a proprietary quantitative model designed to identify equity securities of mid- to large-capitalization companies in the S&P 500 Index that exhibit higher degrees of shareholder yield meaning how much money a company distributes to shareholders through dividends and share repurchases. As of September 30, 2023, the market capitalization range of the companies in the S&P 500 Index was between approximately dollar 4.0 billion and dollar 2.7 trillion. The model includes securities that have paid a regular dividend in the prior year.

Apple Inc

Microsoft Corp

Broadcom (equity)

Exxon Mobil Corp - Common

Qualcomm Inc

Bank Of America Corp.

The Home Depot, Inc.

Chevron Corp.

New Linde Plc

Texas Instruments Inc

HYDRO POWER TECHS INC by Hydro Power Technologies, Inc.

Hydro Power Technologies Inc

PRYCE CORP by Pryce Corp.

MOUNT LOGAN CAP CORP by Mount Logan Cap Corp.

Mount Logan Capital Inc

Paycore Minerals Inc

Paycor HCM Inc

Paychest Inc

Payfare Inc

PLAYMATES HLDGS LTD NEW by Playmates Holdings Ltd.

Playmates Holdings Ltd

PROPERTY FOR IND LTD by Property For Industry Ltd.

Property For Industry Ltd

PROPERTY FOR IND UNSP/ADR by Property For Industry Ltd.

PIMCO U.S. Treasury Index Fund PIMCO Multisector Bond Active Exchange-Traded Fund

HYDROCARBON DYNAMICS LTD by Hydrocarbon Dynamics Ltd.

Hydrocarbon Dynamics Ltd

PIMCO New York Municipal Income Fund III Common Shares of Beneficial Interest

PIMCO New York Municipal Income Fund III

PERIMETER MED IMAGING AI by Perimeter Medical Imaging AI, Inc.

Perimeter Medical Imaging AI Inc

PROMOTORA Y OPER DE INFR by Promotora Y Operadora de Infraestructura SA

Promotora Y Operadora de Infraestructura SAB de CV

PolyPid Ltd

PayPal Holdings Inc

PayPoint PLC

Tidal Trust II YieldMax PYPL Option Income Strategy ETF

Vulcan Forged PYR

PYROGENESIS CDA INC ORD by PyroGenesis Canada Inc.

PyroGenesis Canada Inc

PPlus Tr GSC-2 Tr Ctf Fltg Rate

Playtech PLC

Pyth Network - United States Dollar

PayPal USD - United States Dollar

Pyxis Oncology, Inc

Pyxis Oncology Inc

PROMOTORA FIN GRP ORD by Promotora Y Operadora de Infraestructura SA

PYXUS INTL INC NEW by Pyxus International, Inc.

Pyxus International Inc

Invesco Dorsey Wright Basic Materials Momentum ETF

MSP Recovery, Inc.&nbsp;d/b/a LifeWallet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIFW#NASDAQ">LIFW</a>) ("LifeWallet"&nbsp;or&nbsp;"the Company") announces a new comprehensive settlement with&nbsp;another group of&nbsp;affiliated&nbsp;P&amp;C&nbsp;insurers doing business&nbsp;in&nbsp;multiple&nbsp;states. This most recent settlement is in addition to two previously announced settlements within the past five months with multiple property and casualty insurers ("P&amp;C insurers") that have paved the way for the discovery and potential recovery of improperly paid claims on the part of Medicare Payers, that should have been paid by primary payers.1 These improper payments affect the Medicare Trust Fund. As described by a federal appellate judge, when Secondary Payers "recover efficiently from Primary Payers, the Medicare Trust Fund does achieve cost savings."2
This latest settlement offers a going-forward process to collaboratively and timely resolve future claims and share important historical data that is expected to enhance LifeWallet's claims reconciliation capabilities, identifying claims owned by LifeWallet that it may have a right to recover on, benefiting Medicare plans and downstream entities across the mainland U.S. and Puerto Rico.
Details of the settlement include:
<ul>
<li>The P&amp;C Insurers' agreement to provide ten years of historical data (identifying all claims processed from January 1, 2014, through the effective date)&nbsp;and data sharing of future claims,&nbsp;extending out for one year, assisting LifeWallet in reconciling its current and future assigned Medicare claims to be able to collect on owned claims that are owed as a result of failure to pay or reimburse;</li>
<li>The P&amp;C Insurers'&nbsp;Implementation of LifeWallet's coordination of benefits clearinghouse solution;&nbsp;</li>
<li>A 10-year agreement to resolve cooperatively, or through binding mediation, relevant Medicare claims (liens) that LifeWallet owns today and in the future;&nbsp;</li>
<li>The P&amp;C Insurers' agreement that they are primary payers for any unreimbursed Medicare lien that LifeWallet identifies from data sharing, and the P&amp;C Insurers' agreement to assign all rights to collect against other third parties that either failed to pay liens or collected twice from Medicare funds and the P&amp;C Insurers; and</li>
<li>A cash payment from the P&amp;C Insurers to LifeWallet to settle existing historical claims (amount subject to confidentiality).</li>
</ul>

News

Contracts

Legal

LIFW

PLTR

LifeWallet Announces New Comprehensive Settlement With A Group of Affiliated Property & Casualty Insurers And Completion Of First Version Of Co's Clearinghouse System Through Its Exclusive Healthcare Partnership With Palantir Technologies; Includes A Cash Payment From The P&C Insurers To LifeWallet To Settle Existing Historical Claims, No Financial Terms Disclosed

Offerings

Verizon Reports Commencement Of Private Offers To Exchange 10 Outstanding Series Of Notes For Up To $2.5B Maturing From 2025 Through 2028

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>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39890449/us-stocks-rebound-as-tech-surges-crowdstrike-continues-selloff-oil-hits-1-month-lows-whats-drivi">US Stocks Rebound As Tech Surges, CrowdStrike Continues Selloff, Oil Hits 1-Month Lows: What&#8217;s Driving Markets Monday?</a></li>
</ul>
Photo: QinJin from Shutterstock.

Earnings

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.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comments

Principal Value ETF

News

Latest news for Principal Value ETF (NASDAQ:PY)

Monday, December 19, 2022

Wednesday, November 02, 2022

Thursday, June 02, 2022

Monday, June 21, 2021