Invesco Exchange-Traded Fund Trust II Invesco S&P SmallCap 600 Revenue ETF (ARCA: RWJ)

Dernières nouvelles pour Invesco Exchange-Traded Fund Trust II Invesco S&P SmallCap 600 Revenue ETF (ARCA:RWJ)

Invesco Exchange-Traded Fund Trust II Invesco S&P SmallCap 600 Revenue ETF

Oppenheimer S&P SmallCap 600 Revenue ETF

Oppenheimer Small Cap Revenue ETF

RevenueShares Small Cap

Consumer Cyclical

Industrials

Technology

Financial Services

Energy

Consumer Defensive

Healthcare

Basic Materials

Real Estate

Communication Services

Other

Utilities

The fund will invest at least 90% of its total assets in the securities that comprise the index. The index is includes positive revenue producing constituent securities of the S&P SmallCap 600 Index (the parent index), an index comprised of common stocks of 600 small-cap companies that generally represents the small-cap universe of the U.S. equity market. The fund is non-diversified.

World Fuel Services Corp

United Natural Foods Inc

Lumen Technologies, Inc.

Echostar Corp

Group 1 Automotive Inc

Lincoln National Corp.

Asbury Automotive Group Inc

Kohl's Corp.

Dxc Technology Co.

Andersons Inc

Invesco S&P SmallCap 600 Revenue ETF

RENEWABLE JAPAN CO LTD by RENEWABLE JAPAN CO LTD.

Renewable Japan Co Ltd

Grocery wholesaler&nbsp;United Natural Foods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) shares are trading higher after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42409262/united-natural-foods-inc-reports-first-quarter-fiscal-2025-results" rel="noreferrer noopener">reported first-quarter FY25 earnings</a>.
The company reported a&nbsp;sales increase of&nbsp;4.2% year over year to&nbsp;$7.87&nbsp;billion,&nbsp;beating the analyst consensus estimate of&nbsp;$7.61 billion.
Revenue growth is driven by a 2% increase in wholesale unit volumes, boosted by new business from both existing and new customers, along with inflation.
Gross margin contracted to&nbsp;13.2%&nbsp;from&nbsp;13.6% last year due to weak product margin rates and business mix. The gross profit upped&nbsp;0.8% to&nbsp;$1.0 billion.
Adjusted EBITDA rose 14.5%&nbsp;to&nbsp;$134&nbsp;million. Adjusted EPS of&nbsp;$0.16 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus loss estimate of&nbsp;$0.01</a>.
Free cash flow stood at&nbsp;$(159) million&nbsp;in the quarter. As of November 2, the company had approximately&nbsp;$37&nbsp;million&nbsp;in cash, plus the unused capacity of around $1.14&nbsp;billion&nbsp;under its asset-based lending facility.
Sandy Douglas, UNFI&#8217;s Chief Executive Officer, said, &#8220;We&#8217;re encouraged by positive volume trends attributable to new business with existing customers and new customer additions. This volume strength primarily reflects successful execution by our customer base, supported by UNFI&#8217;s value-added positioning and unique go-to-market strategy.&#8221;
Outlook: United Natural Foods revised its outlook for FY25 sales to $30.6 billion-$31.0 billion (<a target="_blank" href="https://www.benzinga.com//node/41116924" rel="noreferrer noopener">from $30.3 billion&nbsp;–&nbsp;$30.8 billion</a>)&nbsp;vs. consensus of&nbsp;$30.7 billion) and adjusted EPS&nbsp;to $0.40 &#8211; $0.80 (from $0.20 &#8211; $0.80)<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> versus the consensus of&nbsp;$0.55</a>.
Investors can gain exposure to the stock via&nbsp;Invesco S&amp;P SmallCap Consumer Staples ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSCC#NASDAQ">PSCC</a>) and&nbsp;Invesco Exchange-Traded Fund Trust II Invesco S&amp;P SmallCap 600 Revenue ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>).
Price Action: UNFI shares are up&nbsp;6.81%&nbsp;at&nbsp;$26.36 premarket at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42408217/us-stocks-to-open-lower-as-traders-await-slew-of-data-us-listed-chinese-stocks-in-focus-following-stimulus-pledge" target="_blank" rel="noreferrer noopener">US Stocks Likely To Open Lower As Traders Await Slew Of Data: US-Listed Chinese Stocks In Focus Following Stimulus Pledge</a></li>
</ul>

Earnings

Equities

News

Guidance

Movers

PSCC

UNFI

United Natural Foods Beats Q1 Estimates On Positive Volume Trends, Lifts FY25 Guidance

Grocery wholesaler United Natural Foods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) shares are surging after the <a href="https://www.benzinga.com/pressreleases/24/10/b41113461/united-natural-foods-inc-reports-fourth-quarter-and-full-year-fiscal-2024-results" target="_blank" rel="noreferrer noopener">fourth-quarter earnings</a>.
The company reported a&nbsp;sales increase of&nbsp;10%&nbsp;Y/Y to&nbsp;$8.15 billion,&nbsp;beating the analyst consensus estimate of&nbsp;$7.94 billion, thanks to inflation and improving unit volume that turned positive toward quarter-end.
Gross margin expanded to&nbsp;13.7% from 13.0%&nbsp;last year on lower shrink expense. The gross profit upped&nbsp;15.5%&nbsp;Y/Y to&nbsp;$1.1 billion.
Adjusted EBITDA jumped 53.8% Y/Y to&nbsp;$143 million. Adjusted EPS of&nbsp;$0.01&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus loss estimate of&nbsp;$0.10.</a>
Free cash flow stood at $71 million in the quarter. As of August 3, the company had approximately $40 million in cash, plus the unused capacity of approximately $1.24 billion under its asset-based lending facility.
Outlook: United Natural Foods sees FY25 sales of&nbsp;$30.3 billion &#8211; $30.8 billion (vs. consensus of&nbsp;$30.9 billion) and adjusted EPS&nbsp;of&nbsp;$0.20-$0.80&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus the consensus of&nbsp;$0.57.</a>
Sandy Douglas, UNFI's Chief Executive Officer said, &#8220;We are also actioning key elements of our updated strategy that has resulted from our ongoing board- and management-led financial review, which we expect will drive accelerating performance and create sustainable value for our customers and suppliers.&#8221;
&#8221;During fiscal 2024, we drove strong same customer growth, extended our agreement with our largest customer, realized approximately $150 million dollars in benefits from structural efficiency initiatives, significantly reduced shrink, lengthened the maturity on our term loan, and onboarded our new President and CFO, Matteo Tarditi.&#8221;
Investors can gain exposure to the stock via&nbsp;Northern Lights Fund Trust III Counterpoint Quantitative Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAI#NYSE">CPAI</a>) and Invesco Exchange-Traded Fund Trust II Invesco S&amp;P SmallCap 600 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>).
Price Action: UNFI shares are up 9.51% at $18.42 premarket at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41113340/us-stocks-set-for-shaky-start-ahead-of-jolts-data-nike-earnings-strategist-says-these-3-structural-" target="_blank" rel="noreferrer noopener">US Stocks Set For Shaky Start Ahead Of JOLTS Data, Nike Earnings: Strategist Says These 3 Structural Drivers Support &#8216;Buying The Dip&#8217;</a></li>
</ul>

Mid Cap

CPAI

United Natural Foods Beats On Q4 Earnings, Thanks To Inflation And Higher Volumes

Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is partnering with Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) to leverage<a href="https://www.benzinga.com/pressreleases/24/07/n39929572/microsoft-and-lumen-technologies-partner-to-power-the-future-of-ai-and-enable-digital-transformati" target="_blank" rel="noreferrer noopener"> Microsoft Cloud for Lumen&#8217;s digital transformation</a>.
What Happened: The Redmond, Washington-based tech giant selected Lumen to enhance network capacity and support increased demand at its AI-driven datacenters.
Lumen&#8217;s Private Connectivity Fabric provides dedicated fiber access and advanced digital services, enhancing connectivity and capacity for Microsoft&#8217;s datacenters to meet growing data demands.
Lumen is transforming its operations by adopting Microsoft&#8217;s cloud and AI technologies to cut costs, eliminate legacy systems, enhance offerings, and develop new solutions.
See Also: <a href="https://www.benzinga.com/news/earnings/24/07/39935377/fiber-optic-company-amphenol-hikes-dividend-as-sales-jump-18">Fiber Optic Company Amphenol Hikes Dividend As Sales Jump 18%</a>
Why It Matters: Migrating to Microsoft Azure and using Microsoft Entra should enhance Lumen&#8217;s customer experience. The company also expects an increase in cash flow by over $20 million in the next year.
Erin Chapple, Microsoft corporate vice president of Azure Core Product and Design, said Lumen has the network infrastructure and &#8220;digital capabilities&#8221; needed to help support Azure&#8217;s mission.
Lumen expects to release second quarter <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">2024 results on Aug. 6, 2024</a>.
Invesco Exchange-Traded Fund Trust II Invesco S&amp;P SmallCap 600 Investors can gain exposure to the stock via Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>) and IShares Robotics And Artificial Intelligence Multisector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRBO#NYSE">IRBO</a>)
Price Action: LUMN shares are up 5.36% at $1.5700 at the last check Wednesday.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/personal-finance/24/07/39935076/warren-buffett-says-inflation-is-never-gone-its-always-in-remission-its-something-that-is-human-">Warren Buffett Says &#8216;Inflation Is Never Gone It&#8217;s Always In Remission. It&#8217;s Something That Is Human-Made And Governments Can Create&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Large Cap

Contracts

IRBO

LUMN

MSFT

Microsoft, Lumen Collaborate On AI-Driven Datacenter Expansion

Rental car companies are not as energized as they used to be about electric vehicles (EVs), having found out that they are <a href="https://www.benzinga.com/insights/analyst-ratings/24/07/39645442/a-glimpse-into-the-expert-outlook-on-hertz-global-holdings-through-6-analysts">hard to resell</a> at a decent price.
In January, rental car giant Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) scaled back plans to buy 100,000 EVs after seeing that their resale plummeted much faster than expected, the New York Times<a href="https://www.nytimes.com/2024/07/14/business/electric-vehicles-rental-cars.html?partner=slack&amp;smid=sl-share"> reported.</a> 
A main reason why used EVs lose so much value is because Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) lowered the prices on new models last year to boost sales, the New York Times reported.
This has left many rental car outfits scrambling to resell EVs at deep discounts and apprehensive to start buying more of them.
EV manufacturers have sold 1.4% of their cars and trucks to rental companies so far this year, down from selling 4% of them in 2023, according to S&amp;P Global Mobility. So far this year, that number is just 1.4 percent.
Also Read: <a href="http://What's Going On With Hertz Global Stock Today?">What&#8217;s Going On With Hertz Global Stock Today?</a>
Rental car companies have also had a difficult time renting EVs at a profit because most of them lack charging stations and insurance premiums have increased as many renters have underestimated EVs&#8217; acceleration and gotten into accidents, the New York Times reported.
Meanwhile, some companies found they couldn't get spare parts for EVs as quickly as they could for gasoline cars.
Price Action: Tesla gained 1.78% on Monday to close at $252.64, while Hertz jumped 5.69% to $4.27.
Exchange-traded funds that hold Tesla stock gave mixed reactions on Monday. T-Rex 2X Long Tesla Daily Target ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLT#NASDAQ">TSLT</a>) gained 3.69% to $19.96 at close, while Direxion Daily TSLA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLL#NASDAQ">TSLL</a>) gained 3.71% at $14.54 and The Meet Kevin Pricing Power ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PP#NYSE">PP</a>) ticked down 0.27% to $31.52. The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) slipped 0.11% to $191.27 and Direxion Daily Cnsmr Discret Bull 3XShrs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WANT#NYSE">WANT</a>) slid 0.34% to $37.92.
ETFs that hold Hertz stock trended upward on Monday. Counterpoint Quantitative Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAI#NYSE">CPAI</a>) gained 0.033% to $31.78 as Invesco S&amp;P SmallCap 600 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RZV#NYSE">RZV</a>) edged up 1.13% to $104.18 and SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>) inched up 1.68% to $80.44. Global X Guru Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GURU#NYSE">GURU</a>) gained 0.087% to $44.89 and Invesco S&amp;P SmallCap 600 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>) increased 1.28% to $41.98.
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39221144/car-rental-firm-hertz-reportedly-seeks-700m-lifeline-as-ev-strategy-stalls">Car-Rental Firm Hertz Reportedly Seeks $700M Lifeline As EV Strategy Stalls</a></li>
</ul>
Photo: Tesla Model Y, Courtesy of Tesla

Comments

Invesco Exchange-Traded Fund Trust II Invesco S&P SmallCap 600 Revenue ETF

Actualités

Dernières nouvelles pour Invesco Exchange-Traded Fund Trust II Invesco S&P SmallCap 600 Revenue ETF (ARCA:RWJ)

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL