Amplify ETF Trust Amplify Mobile Payments ETF (ARCA: IPAY)

Amplify ETF Trust Amplify Mobile Payments ETF (ARCA:IPAY), Trade Ideas

ETFMG Prime Mobile Payments ETF

American_Express_Centurion_Card_front

Earnings

News

Guidance

IPAY

JRNY

American Express Co. (NYSE: AXP) outperformed in fiscal Q1 2024, with revenues up 11% to $15.80 billion, thanks to higher net interest income and increased Card Member spending. EPS at $3.33 exceeded expectations, highlighting robust spending growth and strategic fee-based product offerings, drawing significant interest from younger consumers.

Increase In Card Member Spending Boosts Amex Q1 Revenue, Company Eyes Steady Annual Growth

An,Image,Of,A,Lawsuit

Equities

Large Cap

Legal

BlackRock ETF Trust BlackRock Future Financial and Technology ETF

BPAY

KNGZ

PRNT

WEX Inc. files federal lawsuit against HP for infringing trademarks with their HP Wex product, causing confusion in the marketplace.

WEX Goes to Court: HP Sued for Alleged Trademark Misuse

PYUSD_3x2

Fintech news covering the emerging Financial Technology services sector

Fintech

AAPL

FINX

PYPL

PayPal introduces Tap to Pay on iPhones for Venmo business and PayPal Zettle users, helping small businesses adapt to cashless transactions.

PayPal Expands Contactless Payment Options for Small Businesses with New iPhone Feature

Amplify ETF Trust Amplify Mobile Payments ETF

CDTX

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Well-known investor Chamath Palihapitiya recently shared the one question he asks potential job candidates he interviews in hopes to filter <a href="https://www.benzinga.com/news/23/12/36401990/5-simple-ways-to-sell-yourself-and-stand-out-in-a-job-interview">out potential applicants.</a>
The One Question: Palihapitiya said he has interviewed thousands of people between the companies he has run and <a href="https://www.benzinga.com/topic/chamath-palihapitiya">companies he has invested in</a>.
When searching for potential job applicants, Palihapitiya said he has a go-to method for finding the right candidates.
"There's one question that I always go to that I think is the most predictive of your ability to contribute in a company," Palihapitiya <a href="https://twitter.com/theallinpod/status/1782503638406996456?t=muzOeaiDlMS0zQyJSY04vA&amp;s=19">said</a>.
The investor said that he tells a candidate to take a few minutes to think about something they are an expert on and then explain it to him in around two minutes.
Related Link: <a href="https://www.benzinga.com/top-stories/23/12/36203650/dont-ask-this-question-in-a-job-interview-you-kill-your-chances-of-getting-hired">Don&#8217;t Ask This Question In A Job Interview, You Kill Your Chances Of Getting Hired</a>
Why It's Important: Palihapitiya said the question helps find out if the candidate has a clear mind, can simplify topics and can communicate properly to another person.
Palihapitiya said the ability to communicate and get someone else on the same page as you can be determined with the question.
"And that's a very powerful skill inside a company," Palihapitiya said.
The question also shows that people can "focus deeply on one goal."
The investor also said the question can help get rid of people who are coached or trained on how to ace an interview or can be too robotic in nature.
"That's a huge filter."
Read Next: <a href="https://www.benzinga.com/news/24/03/37562830/how-to-ace-the-most-important-job-interview-question-of-all-time">How To Ace The Most Important Job Interview Question Of All Time</a>
Photo: Featureflash Photo Agency on Shutterstock

Education

Chamath Palihapitiya Has One Key Question He Asks In Interviews: 'Very Powerful Skill Inside A Company'

Latin music revenue in the U.S. hit a new high in 2023, reaching $1.4 billion, marking a significant 16% growth from the <a href="https://www.benzinga.com/topic/business-of-music">previous year. </a>
The Recording Industry Association of America (RIAA) reported Latin music&#8217;s market share in the overall U.S. music market also climbed to 7.9%, a new peak, Variety<a href="https://variety.com/2024/music/news/latin-music-us-revenue-fastest-growing-us-market-1235978539/"> reported.</a>
See Also: <a href="https://www.benzinga.com/general/entertainment/24/04/38362990/taylor-swifts-the-tortured-poets-department-hits-1-6m-us-sales-sets-spotify-on-fire-with-ov">Taylor Swift&#8217;s &#8216;The Tortured Poets Department&#8217; Hits 1.6M US Sales, Sets Spotify On Fire With Over 300M Streams</a>
In dialogue with the magazine, RIAA&#8217;s Rafael Fernandez Jr. attributed this surge to the genre&#8217;s increasing popularity among a new generation of stars and the widespread availability of streaming platforms.
&#8220;Latin music has exploded in the U.S. over the last decade as a new generation of stars boosts the genre and streaming puts this dynamic sector at everyone's fingertips,&#8221; Fernández said. 
The rise of artists like Karol G and Peso Pluma played a key role in this growth. Karol G made history by becoming the first Latina woman to top the Billboard 200 with an all-Spanish-language album, &#8220;Mañana Será Bonito,&#8221; in February 2023. 
Meanwhile, Peso Pluma also made waves by claiming the highest-charting música Mexicana album on the Billboard 200 with &#8220;Genesis,&#8221; peaking at No. 3.
Furthermore, streaming platforms continued to dominate the listening experience for Latin music fans, generating over 98% of Latin music revenues. Paid subscriptions contributed the most to total revenues. 
However, platforms such as Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) YouTube, Universal Music Group&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UMGNF#OTC">UMGNF</a>) Vevo, and social media also played a significant role, accounting for nearly a quarter of the Latin market&#8217;s total value.
Despite the shift to digital platforms, digital and customized radio services, along with <a href="https://www.benzinga.com/general/entertainment/23/03/31180475/vinyl-sales-in-the-uk-surpassed-cds-for-the-first-time-since-1987-what-does-this-mean">physical formats like vinyl albums</a>, still held a notable share of the market. 
"It's incredible to see the impact this genre is having on the overall U.S. market and the role streaming continues to play in helping fans connect as they discover new styles, artists and sounds,&#8221; Matthew Bass, RIAA vice president of research and gold and platinum operations said. 
&#8220;And just as we've seen vinyl surge in the overall market, Latin music has plenty of space to expand even deeper into this traditional format with new highs undoubtedly yet to come,&#8221; he added.
Read Next: <a href="https://www.benzinga.com/general/entertainment/23/03/31229667/5-most-popular-latinx-artists-in-the-us-right-now-bad-bunny-karol-g-farruko-and-more">5 Most Popular Latinx Artists In The US Right Now: Bad Bunny, Karol G, Farruko And More</a>
Photo: Karol G via Shutterstock

Entertainment

GOOG

GOOGL

UMGNF

Karol G, Peso Pluma Propel US Latin Music Revenue To New Heights, Reaches $1.4B

Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHA#NASDAQ">RUSHA</a>) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.77 by 14.29 percent. This is a 17.76 percent decrease over earnings of $1.07 per share from the same period last year. The company reported quarterly sales of $1.872 billion which met the analyst consensus estimate. This is a 2.09 percent decrease over sales of $1.912 billion the same period last year.

Earnings Beats

RUSHA

Rush Enterprises Q1 2024 GAAP EPS $0.88 Beats $0.77 Estimate, Sales $1.872B Inline

Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHB#NASDAQ">RUSHB</a>) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.82 by 7.32 percent. The company reported quarterly sales of $1.872 billion which missed the analyst consensus estimate of $1.882 billion by 0.53 percent. This is a 2.09 percent decrease over sales of $1.912 billion the same period last year.

Earnings Misses

RUSHB

Rush Enterprises Q1 2024 GAAP EPS $0.88 Beats $0.82 Estimate, Sales $1.872B Miss $1.882B Estimate

TSLA

Tesla CEO Musk Says Thinks They Will Have Higher Sales This Year Than Last Year

Tesla CEO Musk Says Company Constitutes Majority Of His Work Time

<h1 class="wp-block-heading">Top Stories for April 23, 2024:</h1>
<ol>
<li>Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) reported <a href="https://www.benzinga.com/wiim/24/04/38378385/cleveland-cliffs-shares-are-trading-lower-after-the-companys-reported-worse-than-expected-q1-financi">first-quarter results</a>, including revenue of $5.2 billion, a net loss of $53 million and adjusted net income of $87 million. </li>
</ol>
Adjusted EBITDA reached $414 million, marking a significant year-over-year and quarter-over-quarter improvement.
The company announced the completion of a previous $1 billion share repurchase program, having bought back 30.4 million shares. It also introduced a new $1.5 billion share buyback initiative.&nbsp;
Steel shipments totaled 3.9 million net tons and the firm retired all remaining secured notes to enhance its liquidity position, which stood at $4 billion at the end of March 2024.
<ol start="2">
<li>Freeport-McMoRan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) reported strong first-quarter 2024 results with copper sales and unit net cash costs surpassing estimates from January 2024 and the first quarter of 2023. </li>
</ol>
Net income reached $473 million, with consolidated sales of 1.1 billion pounds of copper, 568 thousand ounces of gold and 20 million pounds of molybdenum.&nbsp;
Indonesia smelter projects are close to completion and expected to start in the second quarter of 2024. 
The company&#8217;s operating cash flows totaled $1.9 billion and capital expenditures were $1.3 billion for the quarter.&nbsp;
Kathleen L. Quirk will become CEO on June 11, 2024, succeeding Richard C. Adkerson.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/large-cap/24/04/38364875/geopolitical-relief-triggers-gold-selloff-prices-dip-below-2-350-mark-mining-stocks-hit-hard">Geopolitical Relief Triggers Gold Selloff: Prices Dip Below $2,350 Mark, Mining Stocks Hit Hard</a>
<ol start="3">
<li>Worthington Steel Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) was honored as a General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) Supplier of the Year for the third time, previously winning in 2020 and 2021. </li>
</ol>
GM recognized 86 suppliers for their 2023 performance, emphasizing three core values: safety, inclusion and relationships. The award celebrates suppliers who contribute to GM's goals of innovation and high-quality vehicle production.&nbsp;
Worthington Steel provides flat-roll carbon steel coils used in GM&#8217;s vehicle production across facilities in Indiana, Michigan, Ohio and Mexico.
<ol start="4">
<li>Metals Acquisition Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTAL#NYSE">MTAL</a>) released its Resource and Reserve Statement and three-year production guidance for the CSA Copper Mine, highlighting significant growth in resources and mine life. </li>
</ol>
Key updates include an extended mine life of 11 years up to 2034, a 67% increase from last year, and a 64% increase in contained copper to 0.5 million tons.&nbsp;
The measured and indicated mineral resources have risen to 229,000 tons of copper, with an additional 184,000 tons classified as inferred.&nbsp;
These enhancements occurred just 10 months post-acquisition, with continued drilling aimed at further expanding resources.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/m-a/24/04/38380999/exclusive-why-this-uranium-bull-market-is-different-weve-really-got-to-start-developing-mines-says-m">EXCLUSIVE: Why This Uranium Bull Market Is Different — &#8216;We&#8217;ve Really Got To Start Developing Mines,&#8217; Says Madison Metals CEO</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Photo: Shutterstock

Commodities

MTAL

Cleveland-Cliffs, Freeport-McMoRan Report Q1 Results; Worthington Steel Gets GM Supplier Of The Year And More: Tuesday's Top Mining Stories

Tesla CEO Musk Says In Conversations With One Major Automaker Regarding Licensing FSD

WIIM

CSGP

CoStar Group shares are trading higher after the company reported better-than-expected Q1 financial results.

Flushing Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) reported quarterly earnings of $0.14 per share which met the analyst consensus estimate. This is a 133.33 percent increase over earnings of $0.06 per share from the same period last year. The company reported quarterly sales of $45.481 million which missed the analyst consensus estimate of $48.286 million by 5.81 percent. This is a 12.82 percent decrease over sales of $52.170 million the same period last year.

FFIC

Flushing Financial Q1 2024 GAAP EPS $0.14, Inline, Sales $45.481M Miss $48.286M Estimate

Tesla CEO Musk Says May Be Able To Sell Optimus By End Of Next Year

Tesla CEO Musk Says Tesla Will Have 85,000 Nvidia H100 GPUS Training AI By End Of Year

<a href="https://www.sec.gov/Archives/edgar/data/1620704/000147793224002292/medx_rw.htm" title="https://www.sec.gov/Archives/edgar/data/1620704/000147793224002292/medx_rw.htm">https://www.sec.gov/Archives/edgar/data/1620704/000147793224002292/medx_rw.htm</a>

IPOs

Med-X Withdraws IPO Plan; Elects Not To Pursue Sale Of Securities At This Time - Filing

A substantial slowdown in the shipping business caused United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) <a href="https://www.benzinga.com/news/earnings/24/04/38376943/ups-delivers-mixed-bag-of-q1-results-maintains-guidance-despite-lower-volumes">to deliver lackluster first-quarter results on Tuesday</a>.
When compared to the same period last year, revenue declined 5.3% and operating profit was down 31.5% when adjusting for inflation.&nbsp;
The large drop in operating profit stems from <a href="https://www.benzinga.com/news/large-cap/23/08/33995076/ups-and-teamsters-seal-the-deal-ensures-170-000-per-year-for-drivers-the-next-5-years">recent salary negotiations between UPS and the Teamsters</a>, the labor union that represents the company's employees.&nbsp;
The historic wage negotiation closed last August and hit the UPS balance sheet by guaranteeing a $170,000 salary for delivery truck drivers over the next five years. Negotiations affect 340,000 UPS teamsters with higher wages and overall better working conditions, <a href="https://www.benzinga.com/news/23/08/34101423/drop-off-your-old-gig-pick-up-this-pay-package-ups-drivers-make-170k-under-new-deal">making the $170k salary the new average for UPS employees</a>.
Nonetheless, shares of the company were up by 2.4% as Tuesday progressed, as quarterly profit beat analyst expectations, although they were on the decline for five consecutive quarters.
The company is boasting several positive news from recent times, including <a href="https://www.benzinga.com/news/24/04/38086914/postal-services-air-cargo-shift-to-ups-makes-everyone-a-winner">a new contract with the United States Postal Service (USPS) to provide air cargo services</a>.
The USPS dropped FedEx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) earlier this month as its main domestic air carrier, deciding not to renew a contract worth $1.5 billion, and choosing UPS instead. The new contract will go on at least for five-and-a-half years and have UPS as the primary contractor for the USPS' first-class mail, priority mail and priority express mail.
Read also: <a href="https://www.benzinga.com//node/38029989">UPS Vs. FedEx: Which Stock Boasts A Higher Upside? Here&#8217;s What Analysts Say</a>
The shift was considered a win-win for both competitors, as FedEx is looking to reduce its operations and take out $4 billion in structural costs by the end of fiscal year 2025.
On its previous quarterly call, UPS CEO Carol Tomé called 2023 "a difficult and disappointing year." The company experienced declines in volume, revenue, and operating profit in all three of its business segments, <a href="https://www.benzinga.com/news/earnings/24/01/36866048/these-analysts-cut-their-forecasts-on-ups-following-q4-results">causing analysts to cut their forecasts</a>.
Tomé blamed the macro environment, as well as the new employee deal as reasons behind recent drops in revenue.
This time, the executive showcased a more hopeful attitude. While average daily volume continued to decline, the rate of decline was slower in the first quarter both domestically and internationally.
To compensate for the decline in volume, the company announced earlier this year <a href="https://www.benzinga.com/news/earnings/earnings-misses/24/01/36849715/ups-slashes-12-000-jobs-in-cost-cutting-move-shares-plunge">plans to shed 12,000 positions, representing about 14% of its managerial workforce</a>, potentially saving the company $1 billion in 2024.
Tomé is expecting the USPS deal to bring in at least part of the revenue the company needs to compensate for losses in volume. The CEO said the deal will contribute to top-line growth, fitting "beautifully with our strategy to grow our B2B business."
Now Read: <a href="https://www.benzinga.com//node/38223600">Retail Resilience: Wayfair, Lowe&#8217;s, Best Buy — JPMorgan&#8217;s Top Stock Picks</a>
Photo: Shutterstock

Markets

General

UPS Earnings Show The Weight Of $170,000 Salaries While It Learns To Navigate Shipping Slump

Tesla Says It Expect New Model Production To Start Early 2025 If Not Late This Year

The company expects total capital expenditures to range from&nbsp;$130&nbsp;-&nbsp;$150 million&nbsp;in 2024,&nbsp;$130&nbsp;-&nbsp;$150 million&nbsp;in 2025, and&nbsp;$100&nbsp;-&nbsp;$120 million&nbsp;in 2026.

WIRE

Encore Wire Says Remain Focused On Long-Term Opportunities For Its Business As It Continues To Address Near-Term Challenges

David Pecker, former head of the National Enquirer, testified Tuesday about his role in purchasing and suppressing stories to benefit Donald Trump during the 2016 presidential campaign, revealing details of his frequent communications with Trump and an unwritten agreement to publish favorable coverage of him while <a href="http://benzinga.com/general/politics/24/04/38366379/trump-committed-conspiracy-to-undermine-the-integrity-of-a-presidential-election-prosecution-all">targeting his political opponents.</a>
What Happened: During testimony Tuesday, Pecker shared details of the process of the National Enquirer buying stories <a href="http://benzinga.com/topic/donald-trump">related to Trump.</a>
Pecker said he previously bought stories from Trump based on "The Apprentice" in what he called a mutually beneficial relationship, NBC News <a href="https://www.nbcnews.com/politics/donald-trump/live-blog/trump-hush-money-live-updates-day-6-rcna148919">reported</a>.
The media mogul said interest in Trump "skyrocketed" after the success of "The Apprentice" and "Celebrity Apprentice."
Pecker said he previously spoke monthly or quarterly with Trump, and in some cases it was more frequent, depending on how much the former president was in the news. When Trump announced he was running for president in 2015, the two met more frequently.
Testimony about a 2015 meeting at Trump Tower between Trump, his former lawyer Michael Cohen and Pecker was a key part of the court proceedings on Tuesday. 
"Thinking about it as I did previously, I said what I would do is I would run or publish positive stories about Mr. Trump, and I would publish negative stories about his opponents," Pecker said. &nbsp;
The agreement was never put into writing, but was rather an agreement between friends, Pecker said Tuesday. Pecker added that running stories that were negative on the Clinton family often did well and pleased Cohen and Trump.
Pecker also said Cohen directed him to target certain 2016 presidential candidates with stories. This included running a story about 2016 Republican presidential candidate Ted Cruz.
The media mogul said that it was common for women to sell stories to the National Enquirer or to other outlets. Stories about Trump or the 2016 election had to be brought to Pecker at the time, according to company rules he put in place.
Stories then were sent from Pecker to Cohen to be vetted.
One story that was brought up in court Tuesday was one from Dino Sajudin, a doorman at Trump Tower. The doorman tried to sell a story about an illegitimate child from Trump and a maid who worked in the building.
Pecker recalled calling Cohen on the story who said it was not true. Pecker bought the story for $30,000 to make sure another publisher didn't get their hands on it.
"I made the decision to buy the story because of the potential embarrassment to the campaign and Mr. Trump."
Pecker said he didn't publish the story until after the 2016 presidential election based on a request from Cohen.
Pecker also said that a poll run by the National Enquirer saying 80% of readers wanted Trump to run for president was later cited by the former president as part of his reasoning for running.
Related Link: <a href="https://www.benzinga.com/general/politics/24/04/38326553/trump-hush-money-trial-has-12-jurors-here-are-the-7-men-5-women-to-decide-former-presidents-fate">Trump Hush Money Trial Has 12 Jurors: Here Are The 7 Men, 5 Women To Decide Former President&#8217;s Fate</a>
What's Next: Another key part of the testimony by Pecker was of a story of former Playboy model Karen McDougal alleging an affair with Trump.
Pecker also told the court that he spoke more often with Cohen after the McDougal story began circulating. Cohen instructed Pecker not to talk on a landline and to use messaging app Signal, where messages are automatically destroyed, Pecker recalled.
This happened at the end of Tuesday's session and will likely carry over into Thursday when the trial resumes.
On Tuesday morning ahead of testimony, Judge Juan Merchan heard from the prosecution and defense about a potential violation of <a href="https://www.benzinga.com/general/politics/24/03/37945216/trump-hit-with-gag-order-in-hush-money-case-his-statements-were-threatening-inflammatory-denigra">a gag order imposed</a> on Trump before the trial.
Merchan said he would "reserve a decision" on if Trump violated the gag order with posts on social media.
Speaking to media after the trial Tuesday, Trump said that Merchan has taken away his "constitutional right to free speech" with the gag order.
"This is a kangaroo court," Trump said on social media Tuesday. &nbsp;
Read Next: <a href="https://www.benzinga.com/general/politics/24/04/38279176/trump-hush-money-trial-draws-reaction-from-congressman-talk-show-hosts-worse-than-anything-richa">Trump Hush Money Trial Draws Reaction From Congressman, Talk Show Hosts: &#8216;Worse Than Anything Richard Nixon Ever Did&#8217;</a>
Photo: Shutterstock

Politics

David Pecker Testifies To National Enquirer Buying Stories That Could Damage Donald Trump: 'Potential Embarrassment To The Campaign'

First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) reported quarterly earnings of $0.47 per share which missed the analyst consensus estimate of $0.49 by 4.08 percent. This is a 27.69 percent decrease over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $110.767 million which beat the analyst consensus estimate of $109.091 million by 1.54 percent. This is a 5.89 percent decrease over sales of $117.705 million the same period last year.

BUSE

First Busey Q1 2024 Adj EPS $0.47 Misses $0.49 Estimate, Sales $110.767M Beat $109.091M Estimate

SMFL

Smart for Life Completes Restructuring Program

ETFs to Watch: Earnings from BRK.B, PYPL, RIVN and DIS on tap

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/industries/technology/">Tech stocks</a> and related tech ETFs have made a tremendous recovery in 2023 following last year&rsquo;s bear market. With valuations back on the upswing, investors should be judicious in picking the best tech funds going forward to ensure they get good value for their purchases.
These three tech ETFs give investors exposure to much more than just the mega-cap tech titans. In doing so, they offer investors access to many smaller and faster-growing tech firms along with some sharply discounted companies today and even a potential income kicker on top. Let&rsquo;s dive into these three top tech ETFs for September 2023.
<h2>Invesco S&amp;P 500 Equal Weight Technology ETF (RSPT)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2022/06/etf-1600-2-300x169.png" alt="Blocks that spell out ETF in front of jar with money and change." width="300" height="169"><div>Source: SHUN_J / Shutterstock</div></div>
One big concern investors often have with tech funds is that they have too much exposure to the tech titans. The FAANG stocks &mdash; or whatever acronym you want to use today &mdash; have come to dominate the overall Nasdaq index.
The Invesco S&amp;P 500 Equal Weight Technology ETF (NYSEARCA:RSPT), which uses an equal weighting approach to its portfolio, allows investors to get broad tech exposure without going all-in on the tech titans. Other funds, like the Invesco QQQ Trust ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/qqq-stock-quote/">QQQ</a>), have the top five companies making up more than 36% of the entire index. In other words, an investor buying into the well-known tech ETF may be getting way more Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) or Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) exposure than they expected. Given the valuation concerns around several of the large tech companies today, there is reason to think that smaller and more nimble tech firms will outperform going forward.
RSPT owns all the technology companies which make up the S&amp;P 500, which is currently approximately 68 firms. Each of these 68 companies makes up about 1.5% of the entire portfolio. Smaller and, in my opinion, more promising firms such as EPAM Systems (NYSE:<a href="https://investorplace.com/stock-quotes/epam-stock-quote/">EPAM</a>) and CDW Corp (NYSE:<a href="https://investorplace.com/stock-quotes/cdw-stock-quote/">CDW</a>) get equal weighting in the portfolio to firms like Apple and Microsoft. Given the tendency for smaller firms to have more growth potential, this equal weight approach should serve tech investors well.
<h2>Nasdaq Technology Dividend Index ETF (TDIV)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2020/06/index-funds-1600-300x169.jpg" alt="an LED display of stock tickers has big white letters spelling Index Funds to buy" width="300" height="169"><div>Source: Shutterstock</div></div>
Another common complaint with tech stock ETFs is that they barely offer any dividends.
Capital gains are wonderful, of course. But investors often buy ETFs to get a solid income stream as well. Enter the First Trust Nasdaq Technology Dividend Index ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/tdiv-stock-quote/">TDIV</a>), which accounts for this issue.
TDIV owns 92 different dividend-paying technology companies. It gives investors wide diversification within that category, covering everything from software and semiconductors to hardware, communications and networking equipment.
TDIV shares currently offer a 1.88% dividend yield. That&rsquo;s not a huge sum, but it is ahead of the S&amp;P 500 Index as a whole, and it&rsquo;s far ahead of the Nasdaq 100&rsquo;s yield. Want tech stocks with a healthy dollop of yield on top? Look no further.
<h2>ETFMG Prime Mobile Payments ETF (IPAY)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2022/06/etf-1600-1-300x169.png" alt="Piggy banks with coins in them that spell out ETF." width="300" height="169"><div>Source: Maxx-Studio / Shutterstock</div></div>
Another of the best tech funds for September 2023 is the ETFMG Prime Mobile Payments ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/ipay-stock-quote/">IPAY</a>).
The payments industry has underperformed over the past 18 months as adoption has slowed down after the e-commerce boom during the early days of the pandemic. That, combined with deflating valuation ratios, have led to a full-on collapse in stock prices across many companies in the industry.
This makes it a great time to add IPAY shares during this lull. IPAY is down about 40% from its 2021 peak, and shares are merely flat over the past year despite the sharp rally in other parts of the tech ecosystem. This gives IPAY shares plenty of room to catch up going forward.
IPAY also gives investors exposure across the financial technology space. Top ten holdings include a broad spectrum ranging from credit card issuers to merchant processors and even fast-moving FinTech payments players such as Uruguay&rsquo;s dLocal (NASDAQ:<a href="https://investorplace.com/stock-quotes/dlo-stock-quote/">DLO</a>). This gives investors a nice mix of stable payments giants and some nimble disruptors within the same tech ETF package.
On the date of publication, Ian Bezek held a long position in EPAM stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.
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The post <a href="https://investorplace.com/2023/09/the-3-best-tech-funds-to-buy-now-september-2023/">The 3 Best Tech Funds to Buy Now: September 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best Tech Funds to Buy Now: September 2023

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