Invesco Exchange-Traded Fund Trust II Invesco S&P MidCap 400 Revenue ETF (ARCA: RWK)

Dernières nouvelles pour Invesco Exchange-Traded Fund Trust II Invesco S&P MidCap 400 Revenue ETF (ARCA:RWK)

Invesco Exchange-Traded Fund Trust II Invesco S&P MidCap 400 Revenue ETF

Oppenheimer S&P MidCap 400 Revenue ETF

Oppenheimer Mid Cap Revenue ETF

RevenueShares Mid Cap

Consumer Cyclical

Industrials

Consumer Defensive

Financial Services

Technology

Basic Materials

Energy

Healthcare

Real Estate

Utilities

Communication Services

The fund generally will invest at least 90% of its total assets in the securities that comprise the index. The index includes positive revenue producing constituent securities of the S&P MidCap 400 Index (the parent index), an index comprised of common stocks of 400 mid-cap companies that generally represents the mid-cap universe of the U.S. equity market. The fund is non-diversified.

Performance Food Group Co

Synnex Technology International Co

Us Foods Holding Corp

Pbf Energy Inc-class A

Lithia Motors Inc

Hf Sinclair Corporation

Arrow Electronics Inc.

Autonation, Inc

Jones Lang Lasalle Inc.

Amr Corp

Penske Automotive Group Inc

Flex Ltd

American Airlines Group Inc.

Flex Ltd Ord Usd Npv

Albertsons Companies, Inc.

Invesco S&P MidCap 400 Revenue ETF

TD SYNNEX Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>)&nbsp;shares are trading higher on Friday after the company&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b42910517/td-synnex-reports-fiscal-2024-fourth-quarter-and-full-year-results" rel="noreferrer noopener">reported its&nbsp;fourth-quarter results</a>.
Quarterly revenue of&nbsp;$15.85 billion, up&nbsp;10%&nbsp;Y/Y,&nbsp;exceeded the analyst view of&nbsp;$15.22 billion.
The Fremont, California-based company reported an adjusted EPS of&nbsp;$3.09,&nbsp;beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">street view of&nbsp;$3.05</a>.
On a constant currency basis, revenue increased&nbsp;9.2%, led by growth in both the Advanced Solutions and Endpoint Solutions portfolios.
Adjusted gross billings were&nbsp;$21.2&nbsp;billion in the quarter under review, compared to&nbsp;$19.7&nbsp;billion in the prior-year quarter.
Gross profit rose to $1.04 billion from $1.02 billion in the prior year quarter, while margin declined to 6.6% from 7.1%.
Adjusted operating income stood at&nbsp;$422&nbsp;million&nbsp;versus&nbsp;$427&nbsp;million&nbsp;a year ago quarter, with an adjusted margin of&nbsp;2.7%&nbsp;versus&nbsp;3.0%&nbsp;in the same period last year.
TD SYNNEX returned&nbsp;$136&nbsp;million to shareholders through share repurchases and dividends.
Dividend: TD SYNNEX&#8217;s Board of Directors raised a quarterly cash dividend by 10% to&nbsp;$0.44 per share, payable on January 31, to stockholders of record as of January 24.
Outlook: TD SYNNEX expects&nbsp;first-quarter&nbsp;adjusted EPS of&nbsp;$2.65&nbsp;&#8211;&nbsp;$3.15,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">compared to the estimate of&nbsp;$2.95</a>.
The company projects revenue of&nbsp;$14.4 billion &#8211; $15.2 billion, vs. the estimated&nbsp;$14.769 billion.
Patrick Zammit, CEO of TD SYNNEX, said, &#8220;Gross billings in Q4 grew 7% year-over-year and we returned 72% of our free cash flow to shareholders in fiscal year 2024. Building on our momentum, we believe we&#8217;re well-positioned for the year ahead as we anticipate the IT spending environment will continue to improve.&#8221;
Investors can gain exposure to the stock via&nbsp;Tidal Trust III Rockefeller U.S. Small-Mid Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSMC#NYSE">RSMC</a>) and Invesco Exchange-Traded Fund Trust II Invesco S&amp;P MidCap 400 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWK#NYSE">RWK</a>).
Price Action:&nbsp;SNX shares are up&nbsp;5.84%&nbsp;at&nbsp;$129.23 at the last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/01/42908495/us-stocks-to-open-on-a-tentative-note-as-traders-remain-cautious-ahead-of-fridays-crucial-jobs-data" target="_blank" rel="noreferrer noopener">US Stocks To Open On A Tentative Note As Traders Remain Cautious Ahead Of Friday&#8217;s Crucial Jobs Data</a></li>
</ul>

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Equities

Large Cap

News

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Movers

Tidal Trust III Rockefeller U.S. Small-Mid Cap ETF

RSMC

TD SYNNEX Delivers Strong Q4, Raises Dividend Amid IT Growth Momentum; Stock Gains

TD SYNNEX Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>)&nbsp;shares are trading higher on Thursday after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41044537/td-synnex-reports-fiscal-2024-third-quarter-results" rel="noreferrer noopener">reported its&nbsp;third-quarter&nbsp;results</a>.
The Fremont, California-based company reported an adjusted EPS of&nbsp;$2.86,&nbsp;beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">street view of&nbsp;$2.80</a>.
Quarterly revenue of&nbsp;$14.69 billion, up 5.2% Y/Y,&nbsp;exceeded the analyst view of&nbsp;$14.11 billion.
On a constant currency basis, revenue increased 5.6% Y/Y, aided by growth in both the Advanced Solutions and Endpoint Solutions portfolios.
Adjusted gross billings were&nbsp;$20.3 billion&nbsp;in the quarter under review, compared to&nbsp;$18.58 billion&nbsp;in the prior fiscal&nbsp;third quarter.
The adjusted gross profit was&nbsp;$961.05 million, compared to&nbsp;$973.7 million&nbsp;in the prior fiscal&nbsp;third quarter. The adjusted gross margin was&nbsp;6.54%, compared to 6.97%&nbsp;in the last quarter.&nbsp;
Adjusted operating income stood at $393 million vs. $397 million a year ago quarter, with a margin of 2.7% vs. 2.8% in the same period last year.
TD SYNNEX returned&nbsp;$91 million&nbsp;to shareholders through share repurchases and dividends.
Dividend: TD SYNNEX disclosed that its Board of Directors had declared a quarterly cash dividend of $0.40 per common share, payable on October 25 to stockholders of record as of October 11.
Outlook: TD SYNNEX expects fourth-quarter adjusted EPS of $2.80 &#8211; $3.30, <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">compared to the estimated $3.22</a>.
The company projects revenue of $14.9 billion to $15.7 billion, vs. the estimated $15.15 billion.
&#8220;Q3 was a strong quarter, reinforcing our optimism regarding IT market recovery. In particular, we saw significant growth across geographic segments and in both our Endpoint and Advanced solutions businesses. Additionally, gross billings in Q3 grew 9%, coming in above the high end of our range,&#8221; said Patrick Zammit, CEO of TD SYNNEX.
Investors can gain exposure to the stock via&nbsp;Invesco Exchange-Traded Fund Trust II Invesco S&amp;P MidCap 400 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWK#NYSE">RWK</a>) and Invesco S&amp;P Midcap 400 Pure Value ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFV#NYSE">RFV</a>).
Price Action:&nbsp;SNX shares are up 2.17% at $119.84 at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/41040006/td-synnex-gears-up-for-q3-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurat" target="_blank" rel="noreferrer noopener">TD SYNNEX Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Rydex ETF Trust S&P Midcap 400 Pure Value ETF

TD SYNNEX's Q3: Earnings Beat, Revenue Surge, And IT Market Recovery On The Horizon

Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) shares are trading lower after the company reported a<a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40484046/macys-q2-earnings-revenue-miss-points-to-challenging-environment-cuts-2024-forecast" rel="noreferrer noopener"> second-quarter revenue miss</a>.
The fashion retailer reported second-quarter sales of $4.94 billion, missing the&nbsp;consensus of $5.12 billion, and adjusted EPS of $0.53, exceeding the consensus of $0.29.
The department store operator said it now anticipates 2024 net sales of $22.1 billion-$22.4 billion, which is lower than the $22.3 billion-$22.9 billion expected earlier and <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">down from 2023 sales of $23.09 billion</a>.
Goldman Sachs analyst Brooke Roach writes that Macy&#8217;s disappointing results and reduced full-year sales and comp forecasts are concerning.
Despite strong profitability and EPS protection, the slowing comp trends across all banners will likely worry investors, especially compared to other retail formats with stable comp trends, adds the analyst.
Roach says that the updated profit outlook includes slightly higher credit revenue and asset sale gains.
On today&#8217;s call, the analyst seeks further details on the extent of the slowdown across banners, including QTD insights as Macy&#8217;s progresses through the early back-to-school season.
The analyst says they seek to understand Macy&#8217;s confidence in achieving the revised outlook in a weaker macro environment, its stance on promotional intensity plans for improving inventory health, and opportunities for expanding First 50 initiatives, which have shown positive comps this quarter.
The analyst rated the company <a target="_blank" href="https://www.benzinga.com/quote/M/analyst-ratings" rel="noreferrer noopener">Buy with a price target of $23.</a>
Macy&#8217;s stock has gained around 5%&nbsp;in the last 12 months. Investors can gain exposure to the stock via&nbsp;Invesco S&amp;P MidCap 400 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFV#NYSE">RFV</a>) and&nbsp;Invesco Exchange-Traded Fund Trust II Invesco S&amp;P MidCap 400 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWK#NYSE">RWK</a>).
Price Action: M shares are down 12.6% at $15.50 at the last check Wednesday.
Photo via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Macy's Ability To Achieve Revised Outlook Amid Weak Macro Environment Is Doubtful: Analyst

Designed to provide broad exposure to the Mid Cap Value segment of the US equity market, the Invesco S&amp;P MidCap 400 Revenue ETF (ARCA:RWK) is a passively managed exchange traded fund launched on 02/22/2008.
The fund is sponsored by Invesco. It has amassed assets over $766.87 million, making it one of the average sized ETFs attempting to match the Mid Cap Value segment of the US equity market.
Why Mid Cap Value
With market capitalization between $2 billion and $10 billion, mid cap companies usually contain higher growth prospects than large cap companies, and are considered less risky than their small cap counterparts. Thus, companies that fall under this category provide a stable and growth-heavy investment.
While value stocks have lower than average price-to-earnings and price-to-book ratios, they also have lower than average sales and earnings growth rates. Value stocks have outperformed growth stocks in nearly all markets when you consider long-term performance, growth stocks are more likely to outpace value stocks in strong bull markets.
Costs
When considering an ETF&#39;s total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.39%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 1.02%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Consumer Discretionary sector--about 21.80% of the portfolio. Industrials and Financials round out the top three.
Looking at individual holdings, TD Synnex Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snx#NYSE">SNX</a>) accounts for about 2.90% of total assets, followed by Performance Food Group Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfgc#NYSE">PFGC</a>)&nbsp;and PBF Energy Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbf#NYSE">PBF</a>).
The top 10 holdings account for about 17.51% of total assets under management.
Performance and Risk
RWK seeks to match the performance of the OFI Revenue Weighted Mid Cap Index before fees and expenses. The S&amp;P MidCap 400 Revenue-Weighted Index is constructed using a rules-based methodology that re-weights the constituent securities of the S&amp;P MidCap 400 Index according to the revenue earned by the companies in the parent index, subject to a maximum 5% per company weighting.
The ETF has gained about 8.37% so far this year and it&#39;s up approximately 31.37% in the last one year (as of 05/14/2024). In the past 52-week period, it has traded between $86.50 and $115.10.
The ETF has a beta of 1.30 and standard deviation of 21.80% for the trailing three-year period, making it a medium risk choice in the space. With about 400 holdings, it effectively diversifies company-specific risk.
Alternatives
Invesco S&amp;P MidCap 400 Revenue ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, RWK is a sufficient option for those seeking exposure to the Style Box - Mid Cap Value area of the market. Investors might also want to consider some other ETF options in the space.
The iShares Russell Mid-Cap Value ETF (ARCA:IWS) and the Vanguard Mid-Cap Value ETF (ARCA:VOE) track a similar index. While iShares Russell Mid-Cap Value ETF has $12.91 billion in assets, Vanguard Mid-Cap Value ETF has $16.42 billion. IWS has an expense ratio of 0.23% and VOE charges 0.07%.
Bottom-Line
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
<a href="https://www.zacks.com/stock/news/2273226/should-invesco-s-p-midcap-400-revenue-etf-rwk-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2273226">To read this article on Zacks.com click here.</a>

Sector ETFs

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iShares Trust Russell MidCap Value Index Fund

PFGC

Should Invesco S&P MidCap 400 Revenue ETF Be on Your Investing Radar?

TD SYNNEX Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">shares are rising on Tuesday.</a>
The company reported first quarter adjusted earnings per share of $2.99,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37931382/td-synnex-reports-fiscal-2024-first-quarter-results-announces-new-2b-share-repurchase-authorizatio" rel="noreferrer noopener">beating the street view of $2.84</a>.
The company reported quarterly revenue of $13.975 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the analyst view of $14.357 billion.</a>
On a constant currency basis, revenue decreased by 8.3% compared to the prior fiscal first quarter.&nbsp;
Non-GAAP gross billings were $19.3 billion in the quarter under review, compared to $20.2 billion in the prior fiscal first quarter.
First-quarter non-GAAP gross profit was $1.006 billion, compared to $1.011 billion in the prior fiscal first quarter. Non-GAAP gross margin was 7.2%, compared to 6.7% in the prior fiscal first quarter.&nbsp;
The company said it returned $235 million to shareholders in the form of share repurchases and dividends, up 59% from the prior fiscal first quarter.&nbsp;
TD SYNNEX Board of Directors has approved a share repurchase program of up to $2 billion of its common stock, supplementing the existing program of approximately $197 million remaining.&nbsp;
The company declared a quarterly cash dividend of $0.40 per common share. The dividend is payable on April 26, 2024, to stockholders of record as of the close of business on April 12, 2024.
Outlook: TD SYNNEX expects second-quarter revenues of $13.3 billion- $14.9 billion&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus the $14.25 billion estimate.</a>
The company sees adjusted earnings per share of $2.50-$3.00 versus the $2.78 estimate.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, SNX stock has gained 20% in the past year. Investors can gain exposure to the stock via&nbsp;Invesco Exchange-Traded Fund Trust II Invesco S&amp;P MidCap 400 Revenue ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWK#NYSE">RWK</a>)
&nbsp;and&nbsp;Invesco S&amp;P Midcap 400 Pure Value ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFV#NYSE">RFV</a>).
Price Action:&nbsp;SNX shares are trading higher by 5.04% to $110.75 on the last check Tuesday.

General

TD SYNNEX Up Over 5% After Q1 Earnings: What's Going On?

With such an abundance of investments options available today, it is easy to overlook certain securities and even an entire asset class. A majority of the buzz lately has been over large-cap stocks outperforming and small-cap stocks lagging. This leads to a large number of investors overlooking the players that fall in the middle: <a href="http://www.benzinga.com/topic/mid-cap">mid-cap stocks</a>.

	Stocks with a market capitalization between $2 and $10 billion fall into the mid-cap asset class. Despite being widely popular, the Vanguard Small-Cap Index Fund (NYSE: <a class="ticker" href="/stock/vb#NYSE">VB</a>) has underperformed its mid-cap peers by 7 percent year-to-date.

	Large-cap stocks are generally viewed as the safest option, as small-caps are considered to carry above-average risk. Mid-cap stocks typically fall in the middle range, with the potential of higher sales-growth than smaller companies can provide, while eliminating some of the risk associated with infancy stage companies.

	Some mid-cap ETFs to consider when looking to gain exposure to the asset class are listed below.

	<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/trading-ideas/14/12/5059721/top-4-mid-cap-stocks-in-the-lodging-industry-with-the-highest-roi">Top 4 Mid-Cap Stocks In The Lodging Industry With The Highest ROI</a></bzrelatedlink>
<h3>
	Vanguard Mid-Cap</h3>

	The Vanguard Mid-Cap ETF (NYSE: <a class="ticker" href="/stock/vo#NYSE">VO</a>) follows 369 mid-cap companies, which are characterized by having a market cap of between $2 and $10 billion. The ETF is distributed across 10 industries, with <a href="http://www.benzinga.com/topic/financials">financials</a> and <a href="http://www.benzinga.com/topic/industrials">industrials</a> making up 34 percent of the portfolio.

	The top individual holdings include:
<ul>
<li>
		Vertex Pharmaceuticals Incorporated (NASDAQ: <a class="ticker" href="/stock/vrtx#NASDAQ">VRTX</a>) at 0.8 percent</li>
<li>
		Health Care REIT, Inc. (NYSE: <a class="ticker" href="/stock/hcn#NYSE">HCN</a>) making up 0.7 percent</li>
<li>
		Avago Technologies Ltd (NASDAQ: <a class="ticker" href="/stock/avgo#NASDAQ">AVGO</a>) coming in at 0.7 percent as well</li>
</ul>

	VO is up 11.5 percent year-to-date and 5 percent over the last six months. It has a low expense ratio of 0.09 percent.
<h3>
	iShares Russell Mid-Cap</h3>

	The iShares Russell Midcap Index Fund (NYSE: <a class="ticker" href="/stock/iwr#NYSE">IWR</a>) is made up of 841 mid-cap stocks across 11 sectors with, financials and consumer discretionary making up 38 percent.

	The top holdings include:
<ul>
<li>
		The Kroger Co.&nbsp;(NYSE: <a class="ticker" href="/stock/kr#NYSE">KR</a>) with a 0.48 percent holding</li>
<li>
		Applied Materials, Inc. (NASDAQ: <a class="ticker" href="/stock/amat#NASDAQ">AMAT</a>) at 0.46 percent</li>
<li>
		Aon Plc (NYSE: <a class="ticker" href="/stock/aon#NYSE">AON</a>) at 0.45 percent</li>
</ul>

	IWR is up 9.7 percent year-to-date and 3 percent over the last six months. The mid-cap ETF has an expense ratio of 0.20 percent.
<h3>
	RevenueShares Mid Cap</h3>

	The RevenueShares Mid Cap Fund (ETF) (NYSE: <a class="ticker" href="/stock/rwk#NYSE">RWK</a>) consists of 400 publicly traded companies that are classified as being mid-cap stocks. The holdings are distributed across 10 sectors with consumer cyclical and consumer non-cyclical accounting for 43 percent of the ETF.

	The top individual holdings include:
<ul>
<li>
		SPDR S&amp;P MidCap 400 ETF (NYSE: <a class="ticker" href="/stock/mdy#NYSE">MDY</a>) at 3.3 percent</li>
<li>
		Ingram Micro Inc (NYSE: <a class="ticker" href="/stock/im#NYSE">IM</a>) with a 3.2 percent holding</li>
<li>
		World Fuel Services Corp (NYSE: <a class="ticker" href="/stock/int#NYSE">INT</a>) coming in at 2.9 percent</li>
</ul>

	RWK is up 5.8 percent year-to-date and up 0.14 percent over the last six months. The ETF has an expense ratio of 0.54 percent.

	It is important to note that even though the mid-cap stocks have outperformed their smaller counterparts in 2014, there is no guarantee next year will bring the same results. While recognizing the transition between the different asset classes is important to outperforming the overall market, it is also important to have access to a broad range of asset classes to minimize risk and increase diversity.

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Invesco Exchange-Traded Fund Trust II Invesco S&P MidCap 400 Revenue ETF

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