Latest news for  (OMFL)

Invesco Exchange-Traded Self-Indexed Fund Trust Invesco Russell 1000 Dynamic Multifactor ETF

Financial Services

Consumer Cyclical

Industrials

Technology

Energy

Basic Materials

Healthcare

Consumer Defensive

Other

Real Estate

Utilities

Communication Services

The Fund generally will invest at least 80 percent of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, FTSE Russell (the Index Provider) compiles and maintains the Underlying Index, which is an index of U.S. equity securities designed to reflect a dynamic combination of factor investing strategies that, in the view of the Index Provider, have historically outperformed other factors during various parts of the economic cycle. The Underlying Indexs universe of investable stocks is taken from the Russell 1000 Index (the Parent Index), which measures the performance of 1,000 of the largest-capitalization companies in the United States.

Hewlett-packard Enterprise Co.

Synchrony Finl

Best Buy Company, Inc.

Skyworks Solutions Inc.

Southwest Airls Co

Molina Healthcare Inc

Steel Dynamics Inc

Marathon Oil Corp

Everest Re Group Ltd

Cardinal Health Inc.

Invesco Russell 1000 Dynamic Multifactor ETF

Earnings

Large Cap

News

Sector ETFs

Markets

Analyst Ratings

Trading Ideas

ETFs

COST

OMFL

The Invesco Russell 1000 Dynamic Multifactor ETF (BATS: OMFL) was launched on 11/08/2017, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Growth segment of the US equity market.

Should Invesco Russell 1000 Dynamic Multifactor ETF Be on Your Investing Radar?

Analyst Color

Long Ideas

Broad U.S. Equity ETFs

Some Multi-Factor ETFs Are Really Working In 2019

Specialty ETFs

ESGV

OMFS

VSGX

Survey Says Global Adoption Of Smart Beta ETFs Reaches New High

WIIM

Steelcase shares are trading lower after the company reported worse-than-expected Q2 revenue results.

Guidance

Dividends

PLTK

Playtika Remains Committed To Its Quarterly Dividend And Capital Return Program; Plans To Update Its Guidance For  Fiscal Year During Q3 Earnings

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is doubling down on its &#8220;China+1&#8221; strategy, and the <a href="https://www.benzinga.com/news/24/09/40917539/while-apple-abandoned-its-car-project-after-pouring-1b-into-it-its-key-supplier-foxconn-is-now-colla">tech giant&#8217;s supply chain</a> shake-up is more than just a whisper in the wind.
<h2 class="wp-block-heading">Apple&#8217;s India Ramp-Up Is Crucial</h2>
JPMorgan analyst Samik Chatterjee reveals that Apple's production in India is gearing up to hit 20-25% of total iPhone units by 2027. While iPhone assembly margins in India are currently lower, they are "expected to improve over time as the scale of operations increase."
The ramp-up in India is crucial, as it reflects Apple's effort to diversify production away from China amid rising geopolitical tensions.
<h2 class="wp-block-heading">50% Of AirPods, Apple Watch Production To Move Outside China</h2>
Chatterjee&#8217;s analysis highlights that "AirPods and Apple Watch production outside China is increasing rapidly," with projections showing non-Mainland China production exceeding 50% by 2024 for AirPods, and by 2027 for the Apple Watch.
This shift is part of Apple's broader strategy to bolster production in Southeast Asia, notably in Vietnam, where lower-volume products like AirPods and the Apple Watch are finding a new home.
Yet, the supply chain transition is not without its hurdles. Component supply chains remain "largely in Mainland China," and the overall relocation of components is "happening quite slowly." 
<h2 class="wp-block-heading">Key Beneficiaries Of The Supply Chain Shift</h2>
The shift is more pronounced in assembly, where Hon Hai Precision Industry Co Ltd and Luxshare Precision Industry Co Ltd are poised to benefit significantly from Apple's diversification strategy. &#8220;We have seen strong growth for Hon Hai's component revenue YTD, driven by increasing component supply in Apple products,&#8221; noted Chatterjee. Luxshare, in particular, is gaining ground and consolidating market share amid the ongoing shift in production.
Pegatron&nbsp;Corp, on the other hand, &#8220;should see muted revenue momentum, given the market share shift in the iPhone assembly business.&#8221;
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40914325/apple-stock-reaction-after-iphone-launch-sparks-portfolio-managers-reflection-i-may">Apple Stock Reaction After iPhone Launch Sparks Portfolio Manager&#8217;s Reflection: &#8216;I May Be Wrong In The Short Term But&#8230;Will Be Back In The Long Run&#8217;</a>
<h2 class="wp-block-heading">Segmentation In iPhone EMS Landscape</h2>
The move to Southeast Asia and India is expected to create segmentation in the iPhone EMS landscape, with India's contribution to iPhone assembly ramping up but facing initial challenges in margins due to lower scale. 
The tech giant is also managing "a mild ramp-up in southeastern Asia" for MacBook assembly and a slower pace for iPad diversification, the analyst notes.
As Apple continues to reshape its supply chain, the benefits of this strategy are clear, though the transition involves navigating some bumpy roads. Investors should keep an eye on the evolving production dynamics and the impact on margins as Apple's &#8220;China+1&#8221; strategy unfolds.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40907844/jpmorgan-in-talks-to-take-over-apple-credit-card-what-investors-need-to-know">JPMorgan In Talks To Take Over Apple Credit Card: What Investors Need To Know</a></li>
</ul>
Photo: PradeepGaurs/Shutterstock.com

Asia

Tech

AAPL

Apple Expands Beyond China To India, Southeast Asia, Analyst Warns Of Margin Impact

Steelcase Sees Q3 Revenue $785M-$810M, Adj. EPS $0.21-$0.25

<ul>
<li>4D-150 demonstrated robust and durable clinical activity across all wet age-related macular degeneration (wet AMD) patient populations based on longest available follow-up data
<ul>
<li>In broad population (Phase 2b), 70% injection-free through 52 weeks</li>
<li>In severe population (Phase 1/2a), 83% overall reduction in annualized injections through 52 weeks</li>
</ul>
</li>
<li>4D-150 continues to be safe and well tolerated with intraocular inflammation (IOI) profile numerically similar (2.8% transient 1+ vitreous cells) to approved anti-VEGF agents &nbsp;</li>
<li>4FRONT Phase 3 program designed to maximize 4D-150's potential, including probabilities of clinical, regulatory and commercial success across global markets 
<ul>
<li>Corporate webcast to be held on September 18, 2024 at 4:15 p.m. ET</li>
</ul>
</li>
</ul>

Biotech

General

FDMT

4DMT Highlights Clinical Activity For 4D-150 And Design Of 4FRONT Phase 3 Program At 4D-150 Wet AMD Development Day

The transaction is expected to add an experienced team to Playtika with a track record of launching new, successful games, and is expected to be a meaningful growth driver for Playtika once consummated. &nbsp;

Playtika Agrees To Acquire SuperPlay, A Mobile Gaming Company Based In Tel Aviv, Israel, For $700M, And Additional Contingent Consideration Of Up To $1.25B

Steelcase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.37 by 5.41 percent. The company reported quarterly sales of $855.800 million which missed the analyst consensus estimate of $864.100 million by 0.96 percent. This is a 0.14 percent increase over sales of $854.600 million the same period last year.

Earnings Beats

Earnings Misses

Steelcase Q2 2025 Adj. EPS $0.39 Beats $0.37 Estimate, Sales $855.800M Miss $864.100M Estimate

ELVN

Enliven Therapeutics Announces Details Regarding Presentation Of Updated ELVN-001 Phase 1a Data As ESH-iCMLf 26th Annual John Goldman Conference On CML

QGEN

QIAGEN Expands QIAcuity Digital PCR Offering With Over 100 New Assays Via GeneGlobe Platform, Supporting Cancer Research, Genetic Disorders, Infectious Disease Surveillance, And Environmental Monitoring

Offerings

American Healthcare REIT Announces 14.5M Offering Of Common Stock; Expects To Use Net Proceeds To Exercise Option To Purchase Its Joint Venture Partner's 24% Minority Membership Interest In Trilogy Holdings And To Repay Certain Amounts Of Debt Outstanding Under Its Lines Of Credit

All of the ADSs are being offered by Ascendis. In addition, Ascendis expects to grant the underwriters a 30-day option to purchase up to an additional&nbsp;$45 million of ADSs at the public offering price, less the underwriting commissions.&nbsp;

ASND

Ascendis Pharma Commences Public Offering Of $300M Of ADSs

XCUR

Exicure shares are trading higher after the company announced it received an extension from the Nasdaq Hearings Panel.

PLUG

Plug Signs Agreement With BP And Iberdrola Joint Venture To Supply 25 MW Of PEM Electrolyzers For BP's Castellón Refinery Project In Valencia, Spain

Exicure Receives Extension From Nasdaq Hearings Panel

MGM Resorts Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) short percent of float has risen 59.01% since its last report. The company recently reported that it has 17.67 million shares sold short, which is 7.68% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.6 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>MGM Resorts Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726689663_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for MGM Resorts Intl 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 MGM Resorts Intl'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>, MGM Resorts Intl's peer group average for short interest as a percentage of float is 4.43%, 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

(MGM) - Analyzing MGM Resorts Intl's Short Interest

HYFM

Hydrofarm Holdings Receives 180-Day Extension From Nasdaq To Regain Compliance With Bid Price Rule, Deadline Set For March 10, 2025

Wynn Resorts's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NYSE">WYNN</a>) short percent of float has risen 10.51% since its last report. The company recently reported that it has 4.76 million shares sold short, which is 4.31% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.3 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>Wynn Resorts Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726689657_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Wynn Resorts 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 Wynn Resorts'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>, Wynn Resorts's peer group average for short interest as a percentage of float is 4.57%, which means the company has less 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.

WYNN

How Is The Market Feeling About Wynn Resorts?

Vertex Pharmaceuticals's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NYSE">VRTX</a>) short percent of float has fallen 13.71% since its last report. The company recently reported that it has 4.38 million shares sold short, which is 1.7% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.31 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>Vertex Pharmaceuticals Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726689614_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Vertex Pharmaceuticals 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 Vertex Pharmaceuticals'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>, Vertex Pharmaceuticals's peer group average for short interest as a percentage of float is 6.15%, which means the company has less 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.

VRTX

Looking Into Vertex Pharmaceuticals's Recent Short Interest

- Reuters Citing Iran's UN Envoy In Letter To UN

Macro Notification

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Iran Will Follow Up On Attack Against Envoy In Lebanon, 'Reserves Its Rights Under International Law To Take Required Measures Deemed Necessary To Respond'

Kevin O'Leary isn't holding back on Kamala Harris's tax plan. The "Shark Tank" star took to X (formerly Twitter) and Fox News to slam the idea. "America's the largest economy on Earth," he tweeted. "Fifty percent of the world's capital comes here. We DON'T want to mess with that! The higher you raise corporate taxes, the harder it is to create capital opportunity." O'Leary&#8217;s concerned and he's not alone.
Don't Miss:&nbsp;
<ul>
<li>The number of ‘401(k)' Millionaires is up 43% from last year —<a href="https://www.benzinga.com/money/401k-millionaires"> Here are three ways to join the club.</a></li>
<li>Unlock a $400 billion opportunity by investing in the future of EV infrastructure on<a href="https://www.benzinga.com/money/dunamis-1"> this startup already valued at $50 million.</a></li>
<li>Miami is expected to take New York's place as the U.S. Financial Capital.<a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital"> Here's how you can invest in the city before that happens</a>.</li>
</ul>
He didn't mince words. He's<a href="https://www.benzinga.com/personal-finance/24/09/40748259/kevin-oleary-warns-kamala-harris-tax-plan-could-crush-u-s-businesses-heres-why-he-thinks-its-a-t"> calling out Harris's proposal </a>to raise corporate tax rates from 21% to 28% and he's not thrilled about her plan to tax unrealized capital gains at 25% for those making over $100 million. In his view, this could cripple the U.S. economy. "Raising capital gains tax to this level is making America uncompetitive," he said on Fox. "We're the world's top economy because we're competitive. But this plan? It sends the wrong message. It says America's not the best place to invest anymore."
Trending: Can you guess which type of investments Morgan Stanley says will reach $2.7 trillion by 2027?<a href="https://www.benzinga.com/money/percent"> It even offers up to 20% APY potential to accredited investors up to $300 back in bonus for new users.</a>
X wasn't quiet either. In response to O'Leary's update, technologist Benny Buckets asked, "So, what should billionaires pay in taxes then? Or do [we] enjoy our system where loopholes and expensive accountants are the way of the land?" Former software engineer G.R.R. chimed in with a radical idea: "Rewrite the tax code. Drop ALL write-offs, exemptions, temp breaks, credits, etc." You know, the simple stuff.
But O'Leary isn't just <a href="https://www.benzinga.com/startups/24/07/39596623/biden-enforcing-a-28-corporate-tax-rate-would-make-the-u-s-the-most-uncompetitive-country-in-the-g7">worrying about big businesses.</a> He thinks this will hit entrepreneurs hard. "We don't want to punish American entrepreneurs," he said. He sees this as more than a business issue. For him, it's about protecting what America stands for. "The number one export from America isn't a product or service – it's the American dream," he added. And in his eyes, this plan puts that dream at risk.
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
Kevin O&#8217;Leary's not a fan of Kamala Harris's tax plan, but not everyone agrees. Jared Bernstein, from President Joe Biden's economic team, says people are still angry about price increases from three years ago. He thinks higher taxes on the rich could be a win. He argues it could fuel investment in infrastructure and schools, which would actually boost the economy over time. According to Bernstein, these kinds of taxes don't stop innovation. Instead, they could help level the playing field, making things better for everyone, not just the wealthy. So, not all doom and gloom – some experts see opportunity.
See Also: A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a>
It's not just taxes that are on O'Leary's mind. Harris also wants to impose federal price controls on grocery stores to stop price gouging. O'Leary thinks it's a terrible idea. "Populist? Sure. But impossible to make work," he said, pointing out how price controls have failed in places like Venezuela and North Korea. "It doesn't work. It never works."
He's not alone. Some economists are also worried about how price controls could backfire. O'Leary believes Harris's policies could do serious damage – not just to businesses, but to the country. "These ideas aren't realistic," he said. "They're bad for business, bad for the economy and bad for the American people."
So, yeah, O'Leary's not a fan and he&#8217;s not staying quiet about it.
Read Next:
<ul>
<li>Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a></li>
<li>This city is the clear winner of Zillow's 2024 Home Value Forecast —<a href="https://www.benzinga.com/money/winner-zillow-2024-home-value-forecast"> No surprise as the number of millionaires there grew by 75% in the last decade.</a></li>
</ul>

Startups

'Higher Taxes, Less Capital'– Kevin O'Leary Sounds Alarm On Corporate Tax Hikes And Economic Growth

Spot bitcoin ETFs saw an inflow (+$679 million) over the week—marking the largest inflow since the first week of June despite five straight weeks of negative returns.

U.S. Weekly FundFlows Insight Report: General U.S. Treasury ETFs Take In $1.4 Billion, Eleventh Consecutive Weekly Inflow

U.S. Weekly Fund Flows Insight Report: General U.S. Treasury ETFs Take In $1.4 Billion, Eleventh Consecutive Weekly Inflow

Investors inject capital into the fund market for the tenth week in twelve

BRNY: An Expensive But Sensible U.S. Factor Rotation ETF

Beware The 'Relative Value' Trap

Fresh Thinking On Active Investing In U.S. Large-Cap Stocks

Invesco Income Allocation Fund Q2 2024 Review

As Market Risks Linger, Is Now The Time To Consider Low Volatility Investments?

OMFL: What's Next For This Unpredictable Multi-Factor Fund?

Undercovered ETFs You Should Know About: 12 Analysts' Picks From August-September 2024

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

News

Latest news for (OMFL)

Wednesday, September 04, 2024

Thursday, December 05, 2019

Tuesday, June 11, 2019

Thursday, February 21, 2019