Latest news for Rubicon Technologies (OTC:RBTCW) Stock

Rubicon Technologies Inc is a software platform providing full-service waste management, recycling, and smart city technology solutions. It focuses on developing software solutions that bring new transparency to the waste and recycling industry, encouraging customers to make data-driven decisions that lead to more efficient and effective operations as well as more sustainable outcomes. It is a digital marketplace for waste and recycling services.

Rubicon Technologies Inc Warrants (15/07/2028)

Rubicon Technologies Inc

Simpson Manufacturing Co's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) short percent of float has risen 6.68% since its last report. The company recently reported that it has 1.42 million shares sold short, which is 5.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Simpson Manufacturing Co Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720546217_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Simpson Manufacturing Co has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Simpson Manufacturing Co's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Simpson Manufacturing Co's peer group average for short interest as a percentage of float is 4.22%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Simpson Manufacturing Co's Recent Short Interest

UBS Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) has outperformed the market over the past 5 years by 7.0% on an annualized basis producing an average annual return of 20.12%. Currently, UBS Gr has a market capitalization of $96.77 billion. 
Buying $1000 In UBS: If an investor had bought $1000 of UBS stock 5 years ago, it would be worth $2,486.09 today based on a price of $30.18 for UBS at the time of writing.
<h3>UBS Gr's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720546215_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Here's How Much You Would Have Made Owning UBS Gr Stock In The Last 5 Years

ResMed's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) short percent of float has fallen 16.56% since its last report. The company recently reported that it has 8.24 million shares sold short, which is 6.4% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.87 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>ResMed Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720546211_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ResMed has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing ResMed's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, ResMed's peer group average for short interest as a percentage of float is 5.04%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into ResMed's Recent Short Interest

Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) has outperformed the market over the past 15 years by 8.91% on an annualized basis producing an average annual return of 21.56%. Currently, Taiwan Semiconductor has a market capitalization of $949.52 billion. 
Buying $100 In TSM: If an investor had bought $100 of TSM stock 15 years ago, it would be worth $1,864.66 today based on a price of $183.09 for TSM at the time of writing.
<h3>Taiwan Semiconductor's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720546210_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Taiwan Semiconductor Stock In The Last 15 Years

<a href="https://x.com/elonmusk/status/1810727394631950752" title="https://x.com/elonmusk/status/1810727394631950752">https://x.com/elonmusk/status/1810727394631950752</a>

ORCL

Watching Shares Of Oracle, Elon Musk Post On X, "xAI contracted for 24k H100s from Oracle and Grok 2 trained on those. Grok 2 is going through finetuning and bug fixes. Probably ready to release next month. xAI is building the 100k H100 system itself for fastest time to completion. Aiming to begin training later this month. It will be the most powerful training cluster in the world by a large margin..."

HC Wainwright &amp; Co. analyst Oren Livnat reiterates Zevra Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZVRA#NASDAQ">ZVRA</a>) with a Buy and maintains $15 price target.

Price Target

Reiteration

Analyst Ratings

ZVRA

HC Wainwright & Co. Reiterates Buy on Zevra Therapeutics, Maintains $15 Price Target

1PointFive, a carbon capture, utilization, and sequestration (CCUS) unit of Occidental Petroleum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NASDAQ">OXY</a>), has announced a significant agreement with Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to sell 500,000 metric tons of <a target="_blank" href="https://www.1pointfive.com/news/1pointfive-and-microsoft-announce-agreement-for-direct-air-capture-cdr-credits" rel="noreferrer noopener">carbon dioxide removal (CDR) credits over six years.</a>
This agreement supports Microsoft&#8217;s carbon removal strategy and marks the largest single purchase of CDR credits enabled by Direct Air Capture (DAC) to date.
The CDR credits for Microsoft will be facilitated by STRATOS, 1PointFive&#8217;s first industrial-scale DAC facility currently under construction in Texas.
Microsoft, committed to becoming carbon negative by 2030, will have the captured carbon dioxide (CO2) securely stored through subsurface saline sequestration, ensuring it is not used for oil and gas production.
Brian Marrs, Senior Director for Carbon Removal and Energy at Microsoft, noted, &#8220;We&#8217;re very pleased to announce this deal with 1PointFive, a pioneer in the Direct Air Capture space, which is building the largest DAC project worldwide. To achieve the gigatons of removals needed this century, first-of-a-kind projects like STRATOS are essential to move from pilots to scale. DAC plays an important role in Microsoft&#8217;s carbon removal portfolio supporting our broader goal of becoming carbon negative by 2030.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39660525/microsoft-asks-staff-in-china-to-switch-from-android-phones-to-iphones-at-work-report" rel="noreferrer noopener">Microsoft Asks Staff In China To Switch From Android Phones To iPhones At Work: Report</a>
The agreement with 1PointFive highlights the increasing adoption of DAC technology as a viable solution for achieving net-zero emissions.
STRATOS is set to become the largest DAC project globally, providing a transparent and durable way to address emissions, particularly from hard-to-abate industries.
Earlier this year, AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) also agreed to purchase CDR credits from 1PointFive, as part of its commitment to reducing carbon emissions and <a target="_blank" href="https://www.benzinga.com//node/37651622" rel="noreferrer noopener">becoming carbon neutral in its global operations by 2035.</a>
Carbon credits are tradable permits that allow the owner to emit a specified amount of greenhouse gases. Reuters reported that each credit permits the emission of one metric ton of carbon dioxide or its equivalent in other greenhouse gases.
Price Action: OXY shares are trading higher by 0.72% at $61.39 at last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39632988/microsoft-carries-out-another-round-of-layoffs-across-teams-and-geographies-third-this-year-so-f" target="_blank" rel="noreferrer noopener">Microsoft Carries Out Another Round Of Layoffs Across Teams And Geographies, Third This Year So Far</a></li>
</ul>

Equities

General

MSFT

Microsoft Teams Up with 1PointFive For Carbon Capture Deal: Details

Craig-Hallum analyst Matt Hewitt maintains Ligand Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGND#NASDAQ">LGND</a>) with a Buy and raises the price target from $135 to $140.

LGND

Craig-Hallum Maintains Buy on Ligand Pharmaceuticals, Raises Price Target to $140

Keybanc analyst Eric Gonzalez maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Overweight, adjusts target to $68 from $3400 (50-1 Stock Split).

Keybanc Maintains Overweight on Chipotle Mexican Grill, Adjusts Price Target To $68 (50-1 Stock Split)

WIIM

EXPE

Expedia Group shares are trading higher after Wells Fargo maintained an Equal-Weight rating on the stock and raised its price target from $137 to $140.

Craig-Hallum analyst Albert Lowe initiates coverage on Skye Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYE#NASDAQ">SKYE</a>) with a Buy rating and announces Price Target of $18.

Initiation

SKYE

Craig-Hallum Initiates Coverage On Skye Bioscience with Buy Rating, Announces Price Target of $18

Craig-Hallum analyst Chad Bennett downgrades Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) from Buy to Hold and lowers the price target from $40 to $32.

Downgrades

Craig-Hallum Downgrades Pros Holdings to Hold, Lowers Price Target to $32

Investors frequently name the world&#8217;s wealthiest individuals as their top choices for interviews, dinner conversations or investment advice due to their <a href="https://www.benzinga.com/general/movers-shakers/21/08/17298128/warren-buffett-turns-91-a-highlight-for-each-decade-of-his-life-1">extensive experience and remarkable success</a>.
A recent Benzinga poll on social media asked followers which duo of investors or popular figures in the investment world they would want to sit next to on a 10-hour flight.
What Happened: Business travelers and vacationers can do a variety of things while<a href="https://www.benzinga.com/topic/airline-stocks"> on an airplane</a>, including reading emails, watching movies, sleeping or diving into investment research and pitches.
Benzinga set up a hypothetical plane trip lasting 10 hours and asked followers which seat number they would choose. Many of the seats were set up strategically including placing rivals Elon Musk and Mark Zuckerberg next to each other. Another seat option comes in between Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) bear Peter Schiff and Bitcoin bull Michael Saylor.
The image below offers 10 choices:
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">You&#39;re stuck on a 10 hour flight. Where are you sitting? <a href="https://t.co/w09l0vxzRt">pic.twitter.com/w09l0vxzRt</a>
&mdash; Benzinga (@Benzinga) <a href="https://twitter.com/Benzinga/status/1808500793609216149?ref_src=twsrc%5Etfw">July 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The choices include the following seat and the key individuals next to them:
<ol>
<li>Seat 1, Gary Gensler, Roaring Kitty (Keith Gill)</li>
<li>Seat 2, Elon Musk, Mark Zuckerberg</li>
<li>Martin Shkreli, Seat 3, Jerome Powell</li>
<li>Seat 4, Cathie Wood, Mark Cuban</li>
<li>Ryan Cohen, Seat 5, Nancy Pelosi</li>
<li>Warren Buffett, Seat 6, Changpeng Zhao</li>
<li>Peter Schiff, Seat 7, Michael Saylor</li>
<li>Jim Cramer, Jensen Huang, Seat 8</li>
<li>Sam Bankman-Fried, Seat 9, Bill Gates</li>
<li>Robert Kiyosaki, Michael Burry, Seat 10</li>
</ol>

When adding up votes and comments on X, Facebook and Instagram, there was one clear winner among Benzinga followers. Here are the overall results across all three social media platforms:
Seat 2 (Musk, Zuckerberg): 45%
Seat 6 (Buffett, CZ): 22%
Seat 8 (Cramer, Huang): 6%
Seat 3 (Shkreli, Powell): 5%
Seat 4 (Wood, Cuban): 5%
Seat 5 (Cohen, Pelosi): 4%
Seat 7 (Schiff, Saylor): 4%
Seat 9 (SBF, Gates): 4%
Seat 10 (Kiyosaki, Burry): 3%
Seat 1 (Gensler, Roaring Kitty): 1%
Read Also: <a href="https://www.benzinga.com/news/management/24/02/36922961/musk-vs-zuckerberg-though-billionaires-didnt-fight-in-cage-rivalry-heats-up-as-meta-is-now-worth-">Musk Vs. Zuckerberg: Though Billionaires Didn&#8217;t Fight In Cage, Rivalry Heats Up As Meta Is Now Worth Twice As Much As Tesla</a>
Why It's Important: Seat 2 was the overall winner by a wide margin with many people wanting to sit next to Musk. Others pointed to the potential war of words between Musk and Zuckerberg on the plane as potentially being entertaining.
Seat 2 got 33% of the vote on Facebook, 38% of the vote on Instagram and 56% of the vote on X, finishing in first place on all three platforms.
"I would pay double to be in seat 2 and listen to Elon and Zuck go at it," X user @its__whit_ said.
Seat 6 finished in second place overall with people welcoming the thought of sitting next to Buffett. The seat finished in second place on Facebook (16%) and Instagram (26%), but finished well behind on X (4%).
Seat 8 with Huang and Cramer finished in third place overall. The seat received 10% of the vote on Instagram where it finished in third place. The seat was less popular on Facebook (2%) and X (4%).
On X, the second most popular seat was Seat 7 wedged between well-known Schiff and Saylor. The seat received 16% of the vote on X.
"Funniest would be 7 schiff vs saylor," a user on Instagram said.
X user @quietov said "Number 7 would be the most entertaining seat."
The reasons for selecting each seat varied for followers who left comments and their reasoning.
"Roaring Kitty easily. I gotta know his next move asap," a user on Facebook said.
Popular X user Greg (@greg16676935420) used the layout of the plane to pick a seat that was next to several of the key figures on the plane.
"4 so I'm surrounded by legends," Greg said.
X user @cycleflyer picked seat 3 for a unique reason.
"Easily 3. Martin is out there and Powell has some dry humor. No-Brainer," the user said.
Other comments pointed to bending the rules slightly.
"I'd stay 1hr every seat. It's a great opportunity to talk to all of them basically for free," a user on Facebook said.
Another user on Facebook chose to sit somewhere else instead of any of the 10 options.
"I'd prefer to sit with my family. Thank you."
Be sure to follow<a href="https://x.com/Benzinga"> Benzinga on X</a>, <a href="https://www.facebook.com/Benzinga/">Facebook </a>and <a href="https://www.instagram.com/benzinga/?hl=en">Instagram </a>for more polls to share your opinion in the future.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/education/24/05/38793704/who-is-roaring-kitty-why-does-his-return-to-social-media-matter-for-gamestop-stock">Who Is Roaring Kitty? Why Does His Return To Social Media Matter For GameStop Stock?</a></li>
</ul>
Photo: Benzinga compilation

Entertainment

Social Media

Exclusives

$BTC

Elon Musk, Warren Buffett, Nancy Pelosi, Jensen Huang, Michael Saylor: Who You Sitting By On A Plane For A 10-Hour Flight?

Editor&#8217;s note: This story has been updated with new information from Interactive Brokers on the timing of the ForecastEx prediction market launch and to correct a quote by Thomas Peterffy. 
Interactive Brokers&#8216; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) Thomas Peterffy has revealed that the Commodity Futures Trading Commission (CFTC) will not permit the listing of election-related contracts on their soon-to-launch prediction market, &#8220;ForecastEx.&#8221;
What Happened: On Wednesday, Peterffy, the founder of Interactive Brokers, revealed during CNBC&#8217;s &#8220;Last Call&#8221; that the CFTC will not allow to list election-related contracts on their upcoming prediction market. 
&#8220;They think that it may influence the election. That people with a lot of money could influence the election by driving the contract to an unreasonable level.&#8221;
Peterffy&#8217;s comment appears after Interactive Brokers &#8216;s wholly owned subsidiary ForecastEx LLC received the CFTC&#8217;s nod to operate a contract market and derivative clearing organization.
As per a press release, ForecastEx, a prediction market, is scheduled to commence operations on July 8 and will offer contracts that enable investors to speculate on the likelihood of specific economic and climate indicators.
The ForecastEx prediction market, which was initially scheduled to commence operations July 8, will now launch later in the summer due to administrative issues, according to Interactive Brokers. The market will offer contracts that enable investors to speculate on the likelihood of specific economic and climate indicators.
Contracts on ForecastEx aim to provide a consensus view on controversial issues and hedge economic exposure.
See Also: <a href="https://www.benzinga.com/news/24/06/39455125/spacex-gambled-with-starships-reentry-method-says-senior-exec-there-was-still-a-chance-that-this-wou?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SpaceX Gambled With Starship&#8217;s Reentry Method, Says Senior Exec: &#8216;There Was Still A Chance That This…Would Fundamentally Not Work&#8217;</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"Unfortunately, the <a href="https://twitter.com/CFTC?ref_src=twsrc%5Etfw">@CFTC</a> will not allow us to list an election-related contract," says <a href="https://twitter.com/IBKR?ref_src=twsrc%5Etfw">@IBKR</a>'s Thomas Peterffy on the soon-to-launch prediction market "ForecastEx". "They think that it may influence the election. That people with a lot of money could influence the election." <a href="https://t.co/EDOnu8Exwk">pic.twitter.com/EDOnu8Exwk</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1806115229941616782?ref_src=twsrc%5Etfw">June 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/06/39450394/whether-donald-trump-wins-election-or-joe-biden-jeff-bezos-backed-anthropics-ceo-says-my-message-is?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Whether Donald Trump Wins Election Or Joe Biden, Jeff Bezos-Backed Anthropic&#8217;s CEO Says &#8216;My Message Is Go</a>
Why It Matters: In May, the CFTC voted to formally reject event contracts based on political activity. This decision was aimed at protecting U.S. customers from platforms that enable such trading, following a prolonged legal battle with firms offering these services.
Prediction platforms such as PredictIt, Polymarket, Zeitgeist, and Kalshi, which are popular in crypto circles, provide users the chance to buy contracts on actual event outcomes, including elections and policy developments. The proposed rule would prohibit contracts on political contests, awards contests, and game outcomes for U.S.-regulated companies. The proposal still needs to pass through a 60-day public comment period and a process to approve a final rule.
Just days after the CFTC&#8217;s vote, Polymarket <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38846891/vitalik-buterin-peter-thiel-back-crypto-prediction-market-polymarket-with-70m-funding">secured $70 million</a> in funding in a round led by billionaire investor Peter Thiel&#8217;s Founders Fund and included other notable backers such as Ethereum co-founder Vitalik Buterin.
Recently, Goldman Sachs revised its year-end target for the S&amp;P 500 Index to 5,600 from the previous 5,200. Analysts pointed out that the U.S. election poses a significant risk to the S&amp;P 500 level, with increased index volatility during the election period. However, following the election, volatility typically decreases and the S&amp;P 500 index tends to recover, often reaching an even higher level.&nbsp;
Price Action: SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500 Index, gained&nbsp;15.42%&nbsp;so far this year. At the time of writing, it was trading 0.14% lower at $544.73 after it closed&nbsp;at $545.5 on Wednesday, according to<a href="https://pro.benzinga.com"> Benzinga Pro</a>. 
Read Next: <a href="https://www.benzinga.com/news/24/06/39450435/elon-musk-believes-pop-singer-justin-timberlake-could-have-avoided-dwi-charges-had-he-been-driving-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Believes Pop Singer Justin Timberlake Could Have Avoided DWI Charges Had He Been Driving A Tesla And Not BMW</a>
Image via MidJourney
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Emerging Markets

Politics

Markets

IBKR

'People With A Lot Of Money Could Influence The Election:' Interactive Brokers' Thomas Peterffy Reveals Why CFTC Will Not Allow Election-Related Contracts (CORRECTED)

B of A Securities analyst Ken Hoexter maintains CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) with a Neutral and maintains $37 price target.

B of A Securities Maintains Neutral on CSX, Maintains $37 Price Target

The iShares Core High Dividend ETF (ARCA:HDV) was launched on 03/29/2011, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Value category of the market.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
There are some investors, though, who think it&#39;s possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics.
The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns.
Fund Sponsor &amp; Index
Managed by Blackrock, HDV has amassed assets over $10.15 billion, making it one of the larger ETFs in the Style Box - Large Cap Value. HDV seeks to match the performance of the Morningstar Dividend Yield Focus Index before fees and expenses.
The Morningstar Dividend Yield Focus Index offers exposure to high quality U.S. domiciled companies that have had strong financial health and an ability to sustain above average dividend payouts.
Cost &amp; Other Expenses
For ETF investors, expense ratios are an important factor when considering a fund&#39;s return; in the long-term, cheaper funds actually have the ability to outperform their more expensive cousins if all other things remain the same.
With one of the least expensive products in the space, this ETF has annual operating expenses of 0.08%.
It has a 12-month trailing dividend yield of 3.54%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund&#39;s holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
Representing 24.90% of the portfolio, the fund has heaviest allocation to the Energy sector; Consumer Staples and Healthcare round out the top three.
Looking at individual holdings, Exxon Mobil Corp&nbsp;accounts for about 8.21% of total assets, followed by Chevron Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>) and Verizon Communications Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>).
HDV&#39;s top 10 holdings account for about 52.21% of its total assets under management.
Performance and Risk
The ETF has added roughly 7.43% and is up about 12.30% so far this year and in the past one year (as of 07/09/2024), respectively. HDV has traded between $93.77 and $111.68 during this last 52-week period.
The fund has a beta of 0.79 and standard deviation of 13.33% for the trailing three-year period, which makes HDV a medium risk choice in this particular space. With about 81 holdings, it effectively diversifies company-specific risk.
Alternatives
IShares Core High Dividend ETF is a reasonable option for investors seeking to outperform the Style Box - Large Cap Value segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Russell 1000 Value ETF&nbsp;tracks Russell 1000 Value Index and the Vanguard Value ETF tracks CRSP U.S. Large Cap Value Index. IShares Russell 1000 Value ETF has $55.66 billion in assets, Vanguard Value ETF has $115.94 billion. IWD has an expense ratio of 0.19% and VTV charges 0.04%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Value.
<a href="https://www.zacks.com/stock/news/2298259/is-ishares-core-high-dividend-etf-hdv-a-strong-etf-right-now?cid=CS-BENZ-FT-smart_beta_etf-2298259">To read this article on Zacks.com click here.</a>

ETFs

Is iShares Core High Dividend ETF a Strong ETF Right Now?

B of A Securities analyst David Li maintains BeiGene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGNE#NASDAQ">BGNE</a>) with a Neutral and lowers the price target from $180 to $152.5.

BGNE

B of A Securities Maintains Neutral on BeiGene, Lowers Price Target to $152.5

Guidance

VWAGY

Volkswagen Adjusts Annual Forecast; Expects Burden On Operating Result Up To €2.5B; Supports EU Information And Consultation Process At Brussels Site

Eni SpA (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/e#NYSE">E</a>), an Italian energy giant, has announced a major new oil discovery in the Yopaat-1 EXP exploration well in Block 9, located approximately 63 kilometers off the coast in the mid-deep waters of the Cuenca Salina in the Sureste Basin, offshore Mexico. The preliminary estimates suggest that the discovery holds around 300-400 million barrels of oil equivalents (Mboe) and associated gas in place.
The Yopaat-1 EXP well was drilled in a water depth of 525 meters and reached a total depth of 2,931 meters, encountering approximately 200 meters of net pay of hydrocarbon-bearing sands in the Pliocene and Miocene sequences. The drilling operation was accompanied by an extensive subsurface data acquisition campaign, ensuring a comprehensive understanding of the geological formation.
The Block 9 joint venture consists of Eni as the operator with a 50% participating interest and Repsol holding the remaining 50%. This discovery, in conjunction with other successful finds in Eni-operated Blocks 7 and 10, underscores the significant value of Eni&#39;s asset portfolio in the Sureste Basin. The overall estimate of resources now exceeds 1.3 billion barrels of oil equivalent (Bboe), paving the way for future development plans. Eni is exploring the potential for a &quot;Hub&quot; development to integrate this discovery with others in the area, leveraging the existing infrastructure.
Eni&#39;s presence in Mexico dates back to 2006, and in 2015, the company established its wholly-owned subsidiary, Eni Mexico S. de R. L. de C.V. Today, Eni stands as the leading foreign operator in the country, holding rights in eight exploration and production blocks in the Sureste Basin, of which the company operates seven.
Eni&#39;s latest discovery in the Sureste Basin marks a promising chapter in its Mexican operations, paving the way for future growth and development. The company&#39;s ongoing efforts to explore and develop new resources underscore its role as a key player in the global energy market.
With the support of its partner Repsol, Eni is well-positioned to capitalize on this discovery, driving forward its vision of a sustainable and prosperous energy future in Mexico.
<h3>Zacks Rank &amp; Key Picks</h3>
E currently has a Zack Rank #3 (Hold).
Investors interested in the&nbsp;energy&nbsp;sector may look at some better-ranked stocks like Hess Corporation, Sunoco LP&nbsp;and SM Energy Company, each sporting a Zacks Rank #1 (Strong Buy) at present.
Hess is a leading oil and natural gas exploration and production company that made several world-class oil discoveries in the Stabroek Block, located off the coast of Guyana.&nbsp;The company is currently in the process of being acquired by supermajor Chevron in an all-stock deal worth $53 billion. The merger will likely result in the creation of an energy behemoth with a massive portfolio of producing assets.&nbsp;
The Zacks Consensus Estimate for HES&#39; 2024 EPS is pegged at $10.28. The company has a Zacks Style Score of B for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
Sunoco is a leading wholesale motor fuel distributor in the United States, boasting a vast distribution network spanning 40 states. With long-term contracts servicing more than 10,000 convenience stores, it distributes over 10 fuel brands, ensuring a stable revenue stream. SUN currently has a Value Score of A.
The Zacks Consensus Estimate for 2024 and 2025 earnings per unit is pegged at $7.29 and $7.17, respectively. The partnership has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 60 days.
SM Energy is set to expand its oil-centered operations in the coming years, with an increasing focus on crude oil, especially in the Permian Basin and Eagle Ford regions. The company&#39;s attractive oil and gas investments should create long-term value for shareholders.
The Zacks Consensus Estimate for SM&#39;s 2024 EPS is pegged at $6.95. The company has a Zacks Style Score of A for Value. It has witnessed upward earnings estimate revisions for 2025 in the past seven days.
<a href="https://www.zacks.com/stock/news/2298288/eni-e-strikes-big-with-new-discovery-in-sureste-basin?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2298288">To read this article on Zacks.com click here.</a>

Earnings

Eni Strikes Big With New Discovery in Sureste Basin

B of A Securities analyst Wamsi Mohan maintains Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a Buy and maintains $230 price target.