Xtrackers Russell 1000 US Quality at a Reasonable Price ETF ETF (ARCA: QARP)

Latest news for Xtrackers Russell 1000 US Quality at a Reasonable Price ETF ETF (ARCA:QARP)

Xtrackers Russell 1000 US QARP ETF

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The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria (factors) of quality and value. The fund is non-diversified.

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Xtrackers Russell 1000 US Quality at a Reasonable Price ETF ETF

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Lucid shares are trading higher after the company reported Q2 production and deliveries.

Roth MKM analyst Darren Aftahi maintains TeraWulf (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) with a Buy and maintains $6.5 price target.

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WULF

Roth MKM Maintains Buy on TeraWulf, Maintains $6.5 Price Target

Cullman Bancorp, Inc. (the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CULL#NASDAQ">CULL</a>), the holding company for Cullman Savings Bank, announced today that it has notified the NASDAQ Stock Market of the Company's intent to voluntarily delist its common stock from the NASDAQ Capital Market. The Company further intends to withdraw the registration of its common stock with the U.S. Securities and Exchange Commission (the "SEC") under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
The Company intends to file a Form 25 with the SEC to remove its common stock from listing on the NASDAQ Capital Market and to deregister its stock under Section 12(b) of the Exchange Act on or about July 18, 2024. The Company expects the last trading day of its shares of common stock on the NASDAQ Capital Market will be on or about July 18, 2024.

CULL

Cullman Bancorp Announces Voluntary NASDAQ Delisting And SEC Deregistration On Or About July 18, 2024

As the cannabis industry continues to expand, one segment showing notable growth is <a href="https://www.benzinga.com/topic/cannabis-beverages">cannabis-infused beverages</a>. 
These products are being marketed as a healthier alternative to traditional alcoholic drinks, providing consumers with a new way to enjoy cannabis.
<h3 class="wp-block-heading">Increasing Popularity and Market Expansion</h3>
Cannabis beverages have been gaining traction, particularly in states where recreational cannabis is legal. According to the recent conversation at this spring&#8217;s <a href="https://www.benzinga.com/markets/cannabis/24/05/38566712/are-hemp-thc-beverages-competing-with-alcohol-experts-discuss-new-alternatives-for-adult-beverag">Benzinga Cannabis Capital Conference,</a> THC beverages are starting to outperform traditional alcoholic drinks like wine and vodka in various retail settings. Industry experts attribute this trend to consumers seeking healthier and low-calorie alternatives to alcohol​.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/04/38468600/sam-adams-says-hold-my-beer-and-you-are-sales-numbers-dispute-cannabis-cannibalization-narrative">Sam Adams Says Hold My Beer — And You Are, Sales Numbers Dispute Cannabis Cannibalization Narrative</a>
<h3 class="wp-block-heading">Product Innovation and Market Potential</h3>
Many new products, like <a href="https://www.benzinga.com/markets/cannabis/23/07/33309853/alcohol-free-buzz-wellers-new-thc-beverage-line-promises-just-that">Weller's new THC beverage line</a>, which includes options infused with functional ingredients, are driving the market forward. Each can contain 5mg of THC, allowing consumers to enjoy a similar buzz to that of alcohol but without the hangover effects. Weller&#8217;s co-founder emphasized the importance of these products in offering a consistent and enjoyable experience, thanks to advanced water-soluble technology that ensures rapid onset and reliable effects​.
<h3 class="wp-block-heading">Technological Advances</h3>
The technological advancements in creating cannabis-infused beverages have been significant. The primary challenge has been the solubility of <a href="https://www.benzinga.com/markets/cannabis/20/06/16193110/the-rise-of-the-cannabis-beverage-an-analysis">cannabinoids in water.</a> Techniques like nano-emulsification have been employed to enhance solubility and absorption, making the effects of cannabis beverages more consistent and faster-acting, similar to alcohol​​.
<h3 class="wp-block-heading">What&#8217;s Next And Where To Learn More </h3>
Experts predict that the market for cannabis beverages will continue to grow, potentially reaching <a href="https://www.benzinga.com/markets/cannabis/23/12/36394288/cannabis-2024-experts-weigh-in-what-to-expect-from-dc-and-business-outlook-exciting-point-in-tim">$2.8 billion globally by 2025</a>. This growth is driven by the increasing demand for healthier, functional beverages that offer the psychoactive effects of cannabis without the negative aspects of alcohol consumption.
The<a href="https://www.benzinga.com/events/cannabis-conference/"> Benzinga Cannabis Capital Conference</a>, set for October 8-9 in Chicago, will delve into these trends. This event will gather industry leaders, innovators, and investors to discuss the future of cannabis, including the burgeoning cannabis beverage market. Attendees will have the opportunity to network and explore how these products are reshaping the hospitality industry and consumer preferences.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37893077/3-beer-stocks-what-this-analyst-thinks-is-brewing" target="_blank" rel="noreferrer noopener">3 Beer Stocks — What This Analyst Thinks Is Brewing</a></li>
</ul>
Image: Shutterstock

From Bars To Homes: Cannabis Beverages Redefine Drinking Culture

Scotiabank analyst Patrick Colville initiates coverage on Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) with a Sector Perform rating and announces Price Target of $85.

Initiation

Scotiabank Initiates Coverage On Cloudflare with Sector Perform Rating, Announces Price Target of $85

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcel-sci.com%2F&amp;esheet=54091181&amp;newsitemid=20240708501317&amp;lan=en-US&amp;anchor=CEL-SCI+Corporation&amp;index=1&amp;md5=dc7dd6443ebdfd6e4e442edcf9ea0f83">CEL-SCI Corporation</a> (NYSE:<a href="https://www.benzinga.com/stock/CVM#NYSE">CVM</a>) today announced that Robert ("Bob") Watson, who has served as a Director of the Company since 2017, has been appointed Chairperson of the Board.
Bob is an accomplished business leader who began his career as an investment banker. With over four decades of experience across various healthcare markets, Bob brings extensive expertise in capital formation strategies and partnerships to drive an efficient capital structure. During his career as CEO or President of private and publicly traded companies in the healthcare sector, Bob negotiated over a half dozen exits and more than $750 million in capital transactions including IPOs, secondary offerings, and debt instruments.

Management

CEL-SCI Appoints Robert Watson As Chairperson Of The Board

Crypto
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39660067/chainlink-has-shed-nearly-10-in-a-week-but-crypto-whales-are-still-buying-it-in-droves-her">Chainlink Has Shed Nearly 10% In A Week, But Crypto Whales Are Still Buying It In Droves: Here&#8217;s Why</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39658863/adopting-a-microstrategy-like-strategy-firm-listed-on-tokyo-stock-exchange-buys-2-5m-worth">Adopting A MicroStrategy-Like Strategy, Firm Listed On Tokyo Stock Exchange Buys $2.5M Worth of Bitcoin Amid Crypto Meltdown</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39658404/spot-ethereum-etfs-could-launch-in-a-week-or-two-says-etf-analyst-nate-geraci-how-quickly-">Spot Ethereum ETFs Could Launch In A Week Or Two, Says ETF Analyst Nate Geraci: &#8216;How Quickly Will SEC Turn These Around?</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39658292/dogecoins-market-slump-could-be-ending-suggests-analyst-the-worst-should-be-over-if-were-i">Dogecoin&#8217;s Market Slump Could Be Ending, Suggests Analyst: &#8216;The Worst Should Be Over If We&#8217;re In Line With Previous Cycles&#8217;</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39658094/bitcoin-ethereum-dogecoin-sink-again-king-crypto-on-cusp-of-downside-breakout-if-56k-is-lo">Bitcoin, Ethereum, Dogecoin Sink Again: King Crypto On Cusp Of Downside Breakout If $56K Is Lost, Says Analyst</a></li>
</ul>
US Markets
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39659420/fear-greed-index-moves-to-neutral-zone-as-s-p-500-hits-record-high-after-friday-jobs-data">Fear &amp; Greed Index Moves To &#8216;Neutral&#8217; Zone As S&amp;P 500 Hits Record High After Friday Jobs Data</a></li>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39658170/tesla-could-be-on-the-verge-of-a-9-day-winning-streak-as-nvidia-apple-microsoft-and-other-mag-7-">Tesla&#8217;s 9-Day Winning Streak In Question As Nvidia, Apple, Microsoft, And Other Mag 7 Stocks Rise, Forecasts Gary Black</a></li>
</ul>
US Politics
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39663070/lindsey-graham-says-both-trump-and-biden-should-undergo-neurological-and-physical-exams-amid-ageing">Lindsey Graham Says Both Trump And Biden Should Undergo Neurological And Physical Exams Amid Ageing Concerns: &#8216;Test The Line Of Succession&#8217;</a></li>
<li><a href="https://www.benzinga.com/24/07/39658339/trump-is-lying-about-project-2025-says-joe-biden-its-his-people-and-his-plan-and-it-will-destroy-ame">&#8216;Trump Is Lying About Project 2025,&#8217; Says Joe Biden: &#8216;It&#8217;s His People And His Plan&#8217; And It Will Destroy America, Google It</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39657990/biden-defiant-amid-calls-to-quit-amid-mounting-pressure-from-house-democrats-hes-dug-in">Biden Defiant Amid Calls To Quit Amid Mounting Pressure From House Democrats: &#8216;He&#8217;s Dug In&#8217;</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39657977/kamala-harris-set-to-play-a-bigger-role-in-biden-campaign-says-co-chair-shes-incredibly-intelligent">Kamala Harris Set To Play A Bigger Role In Biden Campaign, Says Co-Chair: &#8216;She&#8217;s Incredibly Intelligent&#8217;</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39657905/former-mike-pence-staffer-dismisses-trumps-attempts-to-distance-himself-from-project-2025-prepostero">Former Mike Pence Staffer Dismisses Trump&#8217;s Attempts To Distance Himself From &#8216;Project 2025&#8217; — &#8216;Preposterous If You Look At The Collaborators&#8217;</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39657594/biden-vs-trump-matchup-shows-president-now-trails-by-smallest-margin-in-key-swing-states-poll-finds">Biden Vs. Trump Matchup Shows President Now Trails By Smallest Margin In Key Swing States, Poll Finds Democrats Have Best Chance With This Candidate</a></li>
</ul>
World Politics
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39660236/taking-aim-at-us-xi-jinping-urges-global-powers-to-facilitate-russia-ukraine-dialogue-during-meeting">Taking Aim At US, Xi Jinping Urges Global Powers To Facilitate Russia-Ukraine Dialogue During Meeting With Hungary&#8217;s Viktor Orbán</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39657967/bernie-sanders-congratulates-french-left-for-defeating-right-wing-extremism-says-the-message-is-simp">Bernie Sanders Congratulates French Left For Defeating &#8216;Right-Wing Extremism,&#8217; Says the Message Is Simple: Lowering Retirement Age, Raising Minimum Wage &#8216;Very Popular&#8217;</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39657677/french-elections-take-a-surprising-turn-as-left-poised-for-victory-what-does-that-mean-for-the-marke">French Elections Take a Surprising Turn As Left Poised For Victory — What Does That Mean For The Market?</a></li>
</ul>
US Economy
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39660318/us-spending-like-drunken-sailor-mmt-godfather-slams-government-amid-rising-debt-and">US Spending Like &#8216;Drunken Sailor,&#8217; MMT Godfather Slams Government Amid Rising Debt And Large Deficits</a></li>
</ul>
Tech
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39663407/motorola-solutions-to-create-200-high-skilled-jobs-with-new-r-d-center-in-ireland-details">Motorola Solutions To Create 200 High-Skilled Jobs With New R&amp;D Center In Ireland: Details</a></li>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39663165/this-health-tech-stock-jumps-40-in-pre-market-a-day-ahead-of-nasdaq-delisting-and-transition-to-">This Health-Tech Stock Jumps 40% In Pre-Market A Day Ahead Of Nasdaq Delisting And Transition To OTC</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39663114/mark-zuckerberg-decided-to-shift-metas-focus-away-from-boomers-after-a-chat-with-palantirs-peter-thi">Mark Zuckerberg Decided To Shift Meta&#8217;s Focus Away From Boomers After A Chat With Palantir&#8217;s Peter Thiel: &#8216;I Would Bet We&#8217;ll Even See A Millennial President By&#8230;&#8217;</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39662870/exclusive-zapata-and-d-wave-partner-to-advance-quantum-ai-integration">EXCLUSIVE: Zapata and D-Wave Partner to Advance Quantum AI Integration</a></li>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39662573/samsung-workers-walk-out-demand-pay-raise-and-leave-report">Samsung Workers Walk Out, Demand Pay Raise and Leave: Report</a></li>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39662496/nvidia-apple-supplier-tsmc-stock-surges-in-pre-market-after-morgan-stanley-raises-price-target-a">Nvidia, Apple Supplier TSMC Stock Surges In Pre-Market After Morgan Stanley Raises Price Target Ahead Of Earnings</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39660525/microsoft-asks-staff-in-china-to-switch-from-android-phones-to-iphones-at-work-report">Microsoft Asks Staff In China To Switch From Android Phones To iPhones At Work: Report</a></li>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39659580/after-iphone-success-apple-wants-to-revive-its-make-in-india-plans-for-ipads-and-airpod-cases-re">After iPhone Success, Apple Wants To Revive Its &#8216;Make In India&#8217; Plans For iPads And AirPod Cases: Report</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39658506/apple-watch-series-10-may-not-include-anticipated-health-features-like-blood-pressure-monitoring-and">Apple Watch Series 10 May Not Include Anticipated Health Features Like Blood Pressure Monitoring And Sleep Apnea Detection</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39658101/apple-plans-plastic-casing-watch-se-to-take-on-samsung-galaxy-watch-fe-says-expert">Apple Plans Plastic Casing Watch SE To Take On Samsung Galaxy Watch FE, Says Expert</a></li>
</ul>
Electric Vehicle
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39662998/chinese-ev-makers-pivot-to-africa-amid-eu-and-us-tariff-hurdles">Chinese EV Makers Pivot To Africa Amid EU And US Tariff Hurdles</a></li>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39660586/as-tesla-rally-hurts-shorts-fund-manager-says-fundamentals-of-the-ev-business-are-too-strong-and">As Tesla Rally Hurts Shorts, Fund Manager Says &#8216;Fundamentals Of The EV Business Are Too Strong&#8217; And Elon Musk-Led Company &#8216;Too Well Positioned&#8217;</a></li>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39660541/volkswagen-gears-up-to-capitalize-on-elon-musks-tesla-struggling-with-sales-subsidiary-porsche-a">Volkswagen Gears Up To Capitalize On Elon Musk&#8217;s Tesla Struggling With Sales: Subsidiary Porsche Accelerates Shift To EVs, Days After German Auto Giant&#8217;s Rivian Investment</a></li>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39660003/tesla-bull-says-ev-giants-fsd-revenue-nearing-1b-annual-run-rate-urges-breaking-out">Tesla Bull Says EV Giant&#8217;s FSD Revenue Nearing $1B Annual Run-Rate, Urges Breaking Out AI And Robotics Numbers</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39659721/elon-musk-denies-rumors-of-model-y-refresh-yet-again-urges-fans-to-stop-speculating-over-fear-of-hur">Elon Musk Denies Rumors Of Model Y Refresh Yet Again, Urges Fans To Stop Speculating Over Fear Of Hurting Tesla Sales</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39658817/elon-musk-denies-rumors-of-uber-co-founder-travis-kalanick-joining-tesla-to-lead-its-robotaxi-effort">Elon Musk Denies Rumors Of Uber Co-Founder Travis Kalanick Joining Tesla To Lead Its Robotaxi Efforts</a></li>
</ul>
Consumer
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39657668/whats-new-in-the-consumer-tech-world-last-week-news-that-you-should-know-june-30-july-5-2024">What&#8217;s New In the Consumer Tech World Last Week? News That You Should Know</a></li>
</ul>
Communication
<ul>
<li><a href="https://www.benzinga.com/24/07/39660340/why-paramount-global-shares-are-trading-higher-by-around-8-here-are-20-stocks-moving-premarket">Why Paramount Global Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39660279/linda-yaccarino-feels-the-heat-as-elon-musk-builds-pressure-amid-xs-plummeting-ad-revenue-report">Linda Yaccarino Feels The Heat As Elon Musk Builds Pressure Amid X&#8217;s Plummeting Ad Revenue: Report</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39659526/elon-musk-admits-private-messages-on-x-are-not-encrypted-by-default-after-accusing-metas-whatsapp-of">Elon Musk Admits Private Messages On X Are Not Encrypted By Default After Accusing Meta&#8217;s WhatsApp Of Being &#8216;Spyware,&#8217; Blames It On &#8216;Clunky&#8217; Implementation</a></li>
<li><a href="https://www.benzinga.com/general/entertainment/24/07/39658163/paramount-board-endorses-merger-with-skydance-media-as-david-ellison-nears-acquisition-of-m">Paramount Global And Skydance Media Ink $28B Merger, Forming New Entity</a></li>
</ul>
Industrial
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39658887/boeing-strikes-plea-deal-with-doj-for-defrauding-us-regulator-over-737-max-safety-victims-lawyer-cal">Boeing Strikes Plea Deal With DOJ For Defrauding US Regulator Over 737 MAX Safety: Victims&#8217; Lawyer Calls It &#8216;Deceptive And Generous…Not In Public Interest&#8217;</a></li>
</ul>
General
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39659954/tesla-ceo-elon-musk-rejects-idea-for-self-healing-human-skin-wrapped-terminator-like-robots-pointles">Tesla CEO Elon Musk Rejects Idea For Self-Healing, Human Skin-Wrapped Terminator-Like Robots: &#8216;Pointless&#8217;</a></li>
</ul>
Space
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39659636/mrbeast-uses-elon-musks-starlink-to-connect-zambian-village-to-high-speed-internet">MrBeast Uses Elon Musk&#8217;s Starlink To Connect Zambian Village To High-Speed Internet</a></li>
<li><a href="https://www.benzinga.com/news/24/07/39658896/masayoshi-son-led-softbank-other-japanese-telecom-giants-working-on-establishing-high-speed-space-te">Masayoshi Son-Led SoftBank, Other Japanese Telecom Giants Working On Establishing High-Speed Space Telecom Networks In Outer Space</a></li>
</ul>
Image via Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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$ETH

Bitcoin, Ethereum, And Dogecoin Drop Again: Analyst Warns Of A Major Decline If Bitcoin Falls Below $56K; Biden Claims 'Trump Is Lying About Project 2025,' Saying It Will Harm America - Top Headlines Today While US Slept

<a href="https://www.globenewswire.com/Tracker?data=vcf0_rNaYIt4DJgtsQFW70kZ1S3ePkdN-PpUO6kIFuyfvM22147Ye-dbA0QrlTLu5cmWPLarYBt7JggtjhAIepvJegoz4HkhcfKP8JhqXJ0=">Lexicon Pharmaceuticals, Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) today announced that the Lexicon Board of Directors has appointed Mike Exton, Ph.D. as chief executive officer and director of Lexicon. Dr. Exton succeeds Lonnel Coats who, as previously announced, retired effective July 7, 2024. Dr. Exton most recently served as the global cardiometabolic therapeutic head at Novartis.

LXRX

Lexicon Appoints Mike Exton As New Chief Executive Officer And Director Succeeding Lonnel Coats Who, As Previously Announced, Retired Effective July 7, 2024

Scotiabank analyst Patrick Colville initiates coverage on Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Sector Outperform rating and announces Price Target of $110.

AKAM

Scotiabank Initiates Coverage On Akamai Techs with Sector Outperform Rating, Announces Price Target of $110

<h4>Key Takeaways:</h4>
<ul>
<li>Miniso accelerated its new store openings abroad in the first quarter to offset sluggish sales in its home China market</li>
<li>About a third of the retailer&rsquo;s revenue comes from stores outside China, as it moves to lower its reliance on shaky domestic demand</li>
</ul>
By Xia Fei
As the listing fate of Chinese fast fashion sensation Shein meets resistance on stock markets in New York and London, another Chinese retail brand is finding the going far smoother in those and other global destinations with its blistering worldwide expansion and record profits.
Already occupying iconic locations such as Times Square in New York and on Oxford Street in London,&nbsp;Miniso Group Holding Ltd.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mnso#NYSE">MNSO</a>), a lifestyle-goods retailer that sells budget products from cosmetics to kitchenware, is showing no sign of curbing its ambition to reach more corners of the world.
The retailer&nbsp;<a href="https://www.prnewswire.com/news-releases/miniso-opens-new-paris-flagship-on-champs-elysees-breaking-sales-record-and-marking-major-step-in-global-expansion-strategy-302183193.html">opened a mega-store</a>&nbsp;on Paris&rsquo;s tourist-crammed Champs-Elysees late last month, in one of its showiest displays so far on its journey abroad. Spanning two floors and colored bright pink, the shop &ndash; its largest in Europe &ndash; reported 580,000 yuan ($79,764) in sales on the first day, marking a new record for single-day performance among its overseas outlets, according to the company.
The Paris opening is just the latest step in Miniso&rsquo;s ambition to add 900 to 1,100 new stores this year, half of those outside China. The retailer, founded by Chinese billionaire Ye Guofu in 2013, had over 6,600 stores as of March, including nearly 2,600 outside China.
It&rsquo;s not just its store count that&rsquo;s soaring. The company&rsquo;s revenue rose 26% in the first quarter from a year earlier to a new high of 3.72 billion yuan, while its net profit climbed 24% to 586 million yuan. Miniso&rsquo;s gross profit margin also hit a fresh high of 43.4% for the quarter, up 4.1 percentage points from a year earlier. The strong growth contrasts with Miniso&rsquo;s domestic peers, many reporting weakening consumer sentiment as China&rsquo;s economy slows after years of rapid growth.
Miniso&rsquo;s overseas success is a relative rarity among globally minded Chinese retailers in today&rsquo;s stormy geopolitical environment. High-profile Chinese firms such as Shein, Temu and BYD are all facing escalating scrutiny in the U.S. and Europe over allegations of everything from using illegal labor to selling their products at subsidized prices.
Miniso&rsquo;s strategy stands out among a pack of low-budget Chinese retailers. While Shein and Temu are locked in a battle for top dog at the ultra-low end of the U.S. e-commerce market, Miniso is focusing on the traditional retailing and the shopping experience. With its brightly lit brick-and-mortar stores with many Japanese elements, the company is aiming to build itself into a multinational brand in some of the world&rsquo;s largest consumer markets.
To some extent, Miniso&rsquo;s speedy growth shows its attempt to transform from a mere &ldquo;penny store&rdquo; into a more worldly retailer is paying dividends. It has partnered with nearly 100 major intellectual property (IP) owners worldwide, including Disney, Snoopy, Barbie and Pokemon to make more upscale-branded goods from water bottles to plush animals. The transition is helping the company lure in a younger generation who aren&rsquo;t afraid to pay big premiums for collectibles they find more emotionally satisfying than ordinary daily-use goods.
<h4>Leveraging branded IP</h4>
As of March, more than a quarter of Miniso&rsquo;s total sales came from products using branded IP, with the proportion even higher overseas at 40%. Estimates by Frost &amp; Sullivan project China&rsquo;s branded variety retail market will grow 14.2% annually from 2022 to 2026, providing a boon for Miniso, which was already the largest player with a market share of 11%.&nbsp;
Selling more foreign IP-branded products may also make consumers less likely to think of Miniso as a typical Chinese brand, which are less known for their quality and innovation. In fact, Miniso has been criticized in the past for its logo and store design that resemble a mix of Japanese brands Muji and Uniqlo. That imitation also got the company in trouble two years ago when Chinese nationalists accused it of trying to hide its Chinese roots by looking Japanese.
Miniso unveiled a new logo last October in response to some of the criticism, though it was mocked for making largely indistinguishable changes.
Consumer perceptions about its identity aside, the company&rsquo;s strong global push seizes on another advantage common among Chinese retailers: efficient supply chains. The company announced in 2022 that it had built &ldquo;preliminary capabilities&rdquo; that would allow it to carry out its own version of fast-moving retailing in major overseas markets by churning out about 100 new products every seven days from its catalog of 10,000 product ideas.
Miniso&rsquo;s focus on cheaper goods may also help it endure in the West if consumers, like their Chinese peers, experience a consumption downgrade due to recessionary pressures as central banks maintain high interest rates to battle inflation.
Overseas markets are increasingly pivotal for Miniso&rsquo;s financial performance. North America and Europe were its fastest-growing markets in the first quarter measured by gross merchandise value, expanding 110% and 80% year-on-year, respectively. Some 36% of revenue came from outside of China at the end of last year, compared to just 20% in 2021.
Nearly a third of the company&rsquo;s first-quarter revenue this year came from overseas markets, up 53% from a year earlier and far exceeding the 16% growth rate at home. In an interview with Bloomberg, Ye said Miniso wants 70% of its business to come from abroad by 2028.
The company&rsquo;s profitability is higher abroad too. The average selling price (ASP) of Miniso&rsquo;s products in China is 35 yuan per item, while selling prices in the U.S. are generally three times higher, according to a local media report.
However, the company isn&rsquo;t immune from potential geopolitical headwinds, particularly with the proposition of further tariffs on Chinese imports if Donald Trump is re-elected as U.S. president this fall. North America is one of the company&rsquo;s fastest-growing regions with 191 stores at the end of March, up 62% from the 118 a year earlier.&nbsp;
Despite its overseas progress, Miniso&rsquo;s shares have tumbled nearly 27% since mid-May, and are down 23% from their listing price of $24.40 in New York in late 2020. Investors may be disappointed in part after the company&rsquo;s reported earnings of 27 cents per share for the March quarter trailed the 33 cents forecast by analysts polled by Yahoo Finance.
The company looks undervalued based on its price-to-earnings (P/E) ratio of 19. That&rsquo;s below the 22 for both&nbsp;Ryohin Keikaku&nbsp;(7453.T), operator of the Muji brand, and&nbsp;BJ&rsquo;s Wholesale Club&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bj#NYSE">BJ</a>). But it&rsquo;s on par with the 18 for U.S. discount retailer&nbsp;Dollar General&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dg#NYSE">DG</a>), suggesting investors still see Miniso as a discount retailing play.
Analysts remain upbeat about the stock nonetheless. Among the 12 polled by Yahoo Finance, four had &ldquo;strong buy&rdquo; ratings on the company in June while the rest rate it a &ldquo;buy.&rdquo;
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Asia

General

MNSO

Miniso's Penny-Wise Empire Finds Big Bucks In Rich Countries

Craig-Hallum analyst Chad Bennett downgrades Zuora (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZUO#NYSE">ZUO</a>) from Buy to Hold and lowers the price target from $12 to $10.

Downgrades

Craig-Hallum Downgrades Zuora to Hold, Lowers Price Target to $10

Lexaria currently holding 46 granted patents worldwide
KELOWNA, BC / ACCESSWIRE / July 8, 2024 / Lexaria Bioscience Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEXX#NASDAQ">LEXX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEXXW#NASDAQ">LEXXW</a>) (the "Company" or "Lexaria"), a global innovator in drug delivery platforms announces three new patent awards.
In the European Union, the Company has received a new granted patent in Lexaria's patent family #6: Transdermal and/or Dermal Delivery of Lipophilic Active Agents. This is the Company's second granted patent in this patent family with an earlier patent granted in Canada. This patent will expire in 2039, if not extended and was validated in the following countries: Austria, Czech Republic, France, UK, Germany, Italy, Poland, Spain, Sweden and Switzerland.
In Canada, Lexaria has received a new granted patent in patent family #18: Compositions and Methods for Enhanced Delivery of Antiviral Agents. This is the Company's fourth granted patent in this patent family which was previously granted in the US, Australia, and Japan. This patent will expire in 2041 if not extended.

Global

LEXX

LEXXW

Lexaria Receives 3 New Patents For Antiviral Drug Delivery And For Treating Epilepsy

Glass Lewis And Major Shareholders Support F9's Nominees Tom Sullivan, Jason Delves, And Jill Witter; F9 Advocates Voting GOLD Proxy Card "FOR" F9 Nominees And "WITHHOLD" On All LL Flooring Nominees To Restore Company Value

F9 Investments Urges LL Flooring Shareholders To Vote For Change At July 10th Annual Meeting

Prominent cryptocurrency analyst Michaël van de Poppe, provided an update on why he remains committed to his all-in altcoins strategy, despite recent market corrections and <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39658172/peter-schiff-says-smart-money-is-selling-and-dumb-money-is-buying-it-through-etfs-they-set">criticism from skeptics</a>.
What Happened: In a detailed <a href="https://x.com/CryptoMichNL/status/1809898938125721656">post</a> on Sunday, the analyst highlighted the high risk, stating, "The strategy is, to say the least, very risky as you can lose more Bitcoin than that you have. However, during a bull market, it&#8217;s the ultimate strategy to make more Bitcoin through altcoins and that&#8217;s been my gameplan."
He also addressed critics who believe he made a wrong decision, reminding them of his past successes. "I've been doing this rodeo for multiple cycles already,&#8221; he wrote and pointed to having recovered from a 50% drawdown in USDT valuations and a 75% drawdown in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) valuations. &#8220;The end result was 100x of the entire portfolio," van de Poppe remarked. 
While one crypto user stated that meme coins will outperform, van De Poppe predicted that "we're close to peak bubble on memes [&#8230;] due to the amount of celebrities jumping onto something."
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39651051/these-altcoins-show-bullish-signals-while-bitcoin-faces-critical-juncture">These Altcoins Show Bullish Signals While Bitcoin Faces Critical Juncture</a>
Why It Matters: Van de Poppe's strategy involves investing in newer altcoins, which he believes offer higher returns. He predicted a possible 10x return in the next six to twelve months. Citing recent news of <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39648069/mt-gox-begins-repaying-creditors-after-decade-long-wait">Mt. Gox</a> and the German <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39506277/german-authorities-sell-15m-more-in-seized-bitcoin">government selling</a>, he stated that these events are short-term panic events and do not affect his long-term strategy.
He also highlighted the importance of the Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), stating it makes "a huge impact.&#8221; Due to the recent negativity, people are &#8220;underestimating the impact of the <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39576296/analyst-predicts-ethereum-etf-launch-in-early-july">Ethereum ETF</a> for the entire space," the analyst pointed out.
Despite the stress and mental toll of market corrections, van de Poppe remains steadfast in his game plan. He concluded by stating, "I don&#8217;t mind these short-term price actions, I mind my thesis and gameplan and that&#8217;s been providing me rock-solid returns in the previous cycles and will do again."
What&#8217;s Next: The influence of <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a> is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39597635/top-crypto-trader-thinks-bitcoin-has-uncapped-upside-reveals-price-where-he-would-max-allo">Top Crypto Trader Thinks Bitcoin Has &#8216;Uncapped Upside,&#8217; Reveals Price Where He Would &#8216;Max Allocate&#8217;</a></li>
</ul>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image created using artificial intelligence with Midjourney.

Top Crypto Analayst Shares Update On 'All-In Altcoin' Strategy: 'I've Been Doing This Rodeo For Multiple Cycles Already'

TRVN

Trevena Announces Amendment To Ex-US Royalty Financing With R-Bridge Healthcare Fund; Expects $2M Payment And Potential Additional $8M Based On OLINVYK US Milestones; Liability Reduced By $10M

French stocks experienced a mixed trading session Monday as investors assessed the implications of an unexpected left-wing victory in Sunday's second <a href="https://www.benzinga.com/news/24/07/39657677/french-elections-take-a-surprising-turn-as-left-poised-for-victory-what-does-that-mean-for-the-marke">round of legislative elections.</a>
At 8:30 a.m. ET, the CAC 40 index, which tracks the forty largest companies in France by market capitalization, was trading near flat, erasing earlier gains. Despite the index&#8217;s stability, the French luxury sector took a hit. 
Three of the sector&#8217;s largest companies each traded in negative territory as market sentiment weakened over concerns of increased wealth taxation following the left&#8217;s win.
<ul>
<li>Hermes International SA (OTCPK: HESAF) down 0.7%</li>
<li>LVMH – Moët Hennessy Louis Vuitton (OTCPK: LVMUY) down 1.6% </li>
<li>Kering SA (OTCPK: PPRUY) down 2% </li>
</ul>
What Happened: The left-wing New Popular Front coalition (NPF)—comprising the far-left France Unbowed, the Socialists, and the Greens—secured the most seats, with 188. This outcome defied expectations, given that President Emmanuel Macron&#8216;s centrist group, Ensemble, won 161 seats, and the National Rally (RN) claimed third place with 142 seats. 
In an effort to avoid three-way run-offs, centrist and leftist parties had earlier agreed to withdraw 221 candidates after the RN emerged as the leading party in the first round. This strategic move included 83 candidates from Macron's camp and 132 from the NPF.
While the risk of a far-right government has been averted, the left-wing's relative majority introduces new uncertainties. With no political group holding an absolute majority, a political gridlock looms. 
The left, having gained most seats, might be called upon to form a new minority government, likely seeking alliances with centrist and other political forces.
However, in response to the election results, President Macron rejected Prime Minister Gabriel Attal's resignation, asking him to stay in office temporarily to ensure the country&#8217;s stability.
Why It Matters: Jean-Luc Mélenchon, the leader of the left-wing faction, is a controversial figure known for his anti-euro and anti-NATO stance. Admiring former Venezuelan leader Hugo Chavez and Cuba's Fidel Castro, Mélenchon is an advocate for wealth redistribution—an ideology that makes Wall Street uneasy.
The NPF aims for a radical shift from Macron&#8217;s neoliberal policies, focusing on enhancing the welfare state and redistributing economic resources to the working and middle classes. Their key proposals include raising the minimum wage to 1,600 euros per month, abolishing Macron&#8217;s retirement age increase, reintroducing a wealth tax on large fortunes, imposing fiscal measures to tax the super-profits of large companies, and halting the shipment of French arms to Ukraine.
These economic measures could substantially increase the burden on French spending, adding further strain to an already troubled government budget. Last year, Paris ran a budget deficit of 5.5% and once again saw its debt-to-GDP ratio exceed 110%.
The European Union has placed France, along with other highly indebted nations, under an excessive deficit procedure. This requires active dialogue with the government to find solutions for alleviating the stress on public finances.
Expert Ideas: Maurits Pot, CEO of Tema ETFs, shared his insights with Benzinga: 
"Short-term interest in listed French luxury companies could be more subdued as markets digest whether the prime targets of a left government become French luxury tycoons." 
He further noted, "We are less concerned about actual luxury demand since, for most French luxury companies, France represents a fraction of overall sales. We hold French equities in our Luxury fund – TEMA Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUX#NYSE">LUX</a>) – including major groups like LVMH and Remy. While a left government might pose challenges for billionaire owners, shareholder affairs rarely impact the companies they own,&#8221; he stated. 
Now Read:
<ul>
<li><a href="EXCLUSIVE: GLP-1 Weight-Loss Drugs Could Become A Trillion-Dollar Market, Predicts Tema ETFs CEO"> </a><a href="EXCLUSIVE: GLP-1 Weight-Loss Drugs Could Become A Trillion-Dollar Market, Predicts Tema ETFs CEO">EXCLUSIVE: GLP-1 Weight-Loss Drugs Could Become A Trillion-Dollar Market, Predicts Tema ETFs CEO</a></li>
</ul>

Equities

Government

Sector ETFs

Eurozone

Politics

Econ #s

HESAF

LVMUY

PPRUY

French Luxury Stocks Fall As Tax Concerns Rise After Left-Wing Election Upset: 'A Left Government Might Pose Challenges For Billionaire Owners'

Citigroup analyst Anthony Pettinari upgrades Silgan Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLGN#NYSE">SLGN</a>) from Neutral to Buy and announces $50 price target.

Upgrades

SLGN

Citigroup Upgrades Silgan Hldgs to Buy, Announces $50 Price Target

Buybacks

FANH

Fanhua Authorizes Expansion Of Its Repurchase Program By Additional $20M

B of A Securities analyst Ken Hoexter downgrades CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) from Buy to Neutral.

B of A Securities Downgrades CSX to Neutral

<ul>
<li>NVDA</li>
<li>TSLA</li>
<li>AAPL</li>
<li>BA</li>
<li>INTC</li>
<li>WAY</li>
<li>TSM</li>
<li>AMZN</li>
<li>AI</li>
<li>PLTR</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

AMZN

NVDA

PLTR

TSLA

Top 10 Trending Stocks On WallStreetBets As Of July 8 2024 (Via Swaggy Stocks)

Large Vs. Small Gap Keeps Widening

PRF: Value And Quality Are Attractive, Performance And Fee Are Not

Equity Factor Report - Q4 2023: Growth Strategies Rally On The Prospect Of Lower Interest Rates

Magnificent Seven Drive 2023 U.S. Large Caps - And Spotlight Index Profitability Rules

Rate Decreases: Be Careful What You Wish For?

Why U.S. Large Cap Growth's Banner Year Didn't Look The Same Across Index Providers

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Xtrackers Russell 1000 US Quality at a Reasonable Price ETF ETF

News

Latest news for Xtrackers Russell 1000 US Quality at a Reasonable Price ETF ETF (ARCA:QARP)

Thursday, March 07, 2019

Friday, April 06, 2018