Latest News for Spectra Systems Stock (OTC:SCTQ)

Spectra Systems Corp invents, develops, manufactures, and markets technology-based products used to authenticate and process banknotes and also offers secure software products for gaming. The company has divided its business into Authentication Systems, Banknote cleaning technology, and Secure transactions.

Spectra Systems Corp

Barclays analyst Manav Patnaik maintains MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) with a Overweight and lowers the price target from $700 to $600.

News

Price Target

Analyst Ratings

MSCI

Barclays Maintains Overweight on MSCI, Lowers Price Target to $600

- Reuters Citing Documents, Sources&nbsp;

Legal

European Commission Expected To Propose Direct Sanctions On Ships Delivering North Korean Military Equipment To Russia; Expected To Propose Direct Sanctions On Tankers Flouting G7 Price Cap On Russian Oil; Expected To Add 40 Entities To Its Russian Sanctions List

ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) shares are trading higher Wednesday after Texas Instruments, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) reported <a href="https://www.benzinga.com/news/earnings/24/04/38390554/texas-instruments-q1-earnings-eps-beat-revenue-beat-despite-decline-across-all-end-markets">better-than-expected first-quarter results.&nbsp;</a>
The Details:
Texas Instruments reported quarterly earnings of $1.20 per share, beating estimates of $1.08 per share, and revenue of $3.66 billion, which beat the consensus estimate of $3.611 billion.&nbsp;
On Semiconductor is set to report its first-quarter results on April 29 before the bell. According to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, analysts expect the company to report earnings of $1.04 per share and quarterly revenue of $1.851 billion.&nbsp;
Several analysts have recently lowered their price targets for On, including Morgan Stanley analyst Joseph Moore who lowered the price target from $80 to $70 and Wells Fargo analyst Gary Mobley who lowered it from $110 to $95.
Exane BNP Paribas downgraded On Semiconductor from Neutral to Underperform and announced a $55 price target last week.&nbsp;
Related News: <a href="https://www.benzinga.com/news/24/04/38360358/whats-going-on-with-luxury-ev-maker-lucids-stock">What&#8217;s Going On With Luxury EV-Maker Lucid&#8217;s Stock?</a>
<h2 class="wp-block-heading">ON Stock Prediction 2024: </h2>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at On Semiconductor, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For On Semiconductor, the 200-day moving average sits at $82.36, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is above the current price of $64.75. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
ON Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, On Semiconductor shares are up 5.17% at $64.87 at the time of publication Wednesday.
Image: Shutterstock

Movers

What's Going On With On Semiconductor Stock?

Barclays analyst Luke Sergott maintains Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) with a Equal-Weight and raises the price target from $260 to $270.

Barclays Maintains Equal-Weight on Danaher, Raises Price Target to $270

WIIM

AWIN

AERWINS Technologies shares are trading lower. The company announced additional staff determination.

TE Connectivity Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>)&nbsp;reported&nbsp;a&nbsp;fiscal second-quarter 2024 net sales of $3.97 billion, down&nbsp;by 5% year-on-year, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38398276/te-connectivity-announces-second-quarter-results-for-fiscal-year-2024" rel="noreferrer noopener">consensus of $3.96 billion</a>.&nbsp;
<ul>
<li>The net sales declined&nbsp;by 3% organically.&nbsp;</li>
<li>Net sales grew by 4% Q/Q and 3% organically Q/Q.</li>
<li>The adjusted EPS of $1.86 beat the&nbsp;<a target="_blank" href="https://benzinga.slack.com/archives/D01KRMW5WV8/p1684930023126139" rel="noreferrer noopener">consensus of $1.83</a>.&nbsp;</li>
<li>Orders were $4 billion, up 6% Q/Q, with sequential growth in all segments.</li>
<li>Revenue from Transportation Solutions declined by 4% Y/Y to $2.38 billion, Industrial Solutions decreased by 4% Y/Y to $1.14 billion, and Communications Solutions declined by 9.5% Y/Y to $440 million.</li>
</ul>
Margin:&nbsp;The adjusted operating margin improved by 250 bps to 18.5%.
TE Connectivity generated $1.1 billion in free cash flow and held $1.18 billion in cash and equivalents as of March&nbsp;29, 2024.
TE Connectivity CEO Terrence Curtin believes so-called &#8220;mega trends&#8221; (i.e., hybrid and electric vehicles, renewable energy and artificial intelligence) will be key to &#8220;long-term profitable growth.&#8221;
Outlook:&nbsp;TEL expects third-quarter net sales of $4.0 billion, vs. the&nbsp;consensus of $4.11 billion, and adjusted EPS of $1.85, vs the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $1.92</a>.
TE Connectivity stock gained 12% in the last 12 months. Investors can gain exposure to the stock via&nbsp;EA Series Trust Strive U.S. Semiconductor ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NYSE">SHOC</a>) and&nbsp;SmartETFs Smart Transportation &amp; Technology&nbsp;ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOTO#NYSE">MOTO</a>).
Price Action: TEL shares are trading lower by 0.85% at $142.00 premarket on the last check Wednesday.
Now Read: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38405106/us-economy-expected-to-grow-2-5-in-q1-not-a-hard-landing-and-hardly-a-soft-one">US Economy Expected To Grow 2.5% In Q1 &#8211; Not &#8216;A Hard Landing And Hardly A Soft One&#8217;</a>

Earnings

Guidance

MOTO

EA Series Trust Strive U.S. Semiconductor ETF

SHOC

TE Connectivity Beats Q2 Earnings Estimates, Sees Growth in Orders Across All Segments

Stephens &amp; Co. analyst Matt Olney reiterates Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) with a Overweight and maintains $109 price target.

Reiteration

PNFP

Stephens & Co. Reiterates Overweight on Pinnacle Finl Partners, Maintains $109 Price Target

Humana shares are trading lower after the company said its EPS growth outlook will be impacted by several variables and said it no longer believes $6 to $10 of Adjusted EPS growth is the appropriate target range for 2025.

Barclays analyst Jared Shaw maintains Cadence Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CADE#NYSE">CADE</a>) with a Equal-Weight and raises the price target from $28 to $29.

CADE

Barclays Maintains Equal-Weight on Cadence Bank, Raises Price Target to $29

Avenue Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXI#NASDAQ">ATXI</a>) shares are trading lower by 28.5% to $0.09 during Wednesday&#8217;s session after the company announced a <a href="https://www.benzinga.com/pressreleases/24/04/g38400560/avenue-therapeutics-announces-reverse-stock-split">reverse stock split</a>.
The company is implementing a 1-for-75 reverse stock split of its common stock, effective April 26. This decision, approved by the company&#8217;s Board of Directors and a majority of stockholders, aims to meet Nasdaq&#8217;s requirement of maintaining a minimum bid price of $1.00 per share for continued listing. 
Following the split, the outstanding shares will decrease from about 44.7 million to approximately 0.6 million, with adjustments made for fractional shares.
See Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38405106/us-economy-expected-to-grow-2-5-in-q1-not-a-hard-landing-and-hardly-a-soft-one">US Economy Expected To Grow 2.5% In Q1: Not &#8216;A Hard Landing And Hardly A Soft One&#8217;</a>
<h2 class="wp-block-heading">How To Buy ATXI Stock</h2>
By now you're likely curious about how to participate in the market for Avenue Therapeutics &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href='https://www.benzinga.com/money/best-stock-trading-platforms'>possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Avenue Therapeutics, which is trading at $0.1 as of publishing time, $100 would buy you 1000.0 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, ATXI has a 52-week high of $1.25 and a 52-week low of $0.089.

ATXI

Why Avenue Therapeutics (ATXI) Shares Are Getting Hammered

Stephens &amp; Co. analyst Terry McEvoy reiterates Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) with a Equal-Weight and maintains $34 price target.

PEBO

Stephens & Co. Reiterates Equal-Weight on Peoples Bancorp, Maintains $34 Price Target

Barclays analyst Jared Shaw maintains Banc of California (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BANC#NYSE">BANC</a>) with a Equal-Weight and lowers the price target from $16 to $15.

BANC

Barclays Maintains Equal-Weight on Banc of California, Lowers Price Target to $15

Claire guides homebuyers through every step of their journeys, from property search to closing the deal
reAlpha Tech Corp. ("reAlpha") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>), a real estate technology company developing and commercializing artificial intelligence ("AI") technologies, today announced the launch of Claire, the real estate industry's first generative AI-powered, zero-commission Smart Buyer's Agent.
Claire's introduction aligns with major shifts in the real estate sector after the National Association of Realtors (NAR) agreed to eliminate the standard 6 percent sales commission, which equates to approximately $100 billion in realtor fees paid annually. Claire offers a cost-free alternative for homebuyers by utilizing an AI-driven workflow that guides them through the home buying process.
Homebuyers can use Claire's innovative conversational interface to guide them through every step of their journeys, from property search to closing the deal. By offering support 24/7, Claire is poised to make the homebuying process more efficient, enjoyable and cost-efficient. Claire matches buyers with their dream homes using over 400 data attributes and provides insights into market trends and property values. Additionally, Claire can assist with questions, booking property tours, submitting offers, and negotiations.
"We are excited to introduce Claire to homebuyers as we believe it represents a timely solution while the residential real estate industry is undergoing a significant reset," said Mike Logozzo, President and COO of reAlpha. "Our goal when creating Claire was simple: to completely reinvent the homebuying process through the use of AI to help homebuyers find their dream home, at a great price, with the best experience."
Claire is currently available to assist homebuyers in Palm Beach, Miami-Dade, and Broward Counties. Its capabilities are complemented and supported by a team of licensed agents all powered by reAlpha Realty, LLC ("reAlpha Realty"), reAlpha's fully licensed and insured real estate brokerage based in Miramar, Florida. These agents are readily available, if needed, on a no-obligation and commission-free basis to assist homebuyers using Claire. Importantly, reAlpha Realty will provide a rebate to the buyer from any buy-side commissions earned whenever offered, helping to offset a portion of the cost of the home.
"As a veteran real estate broker who has been involved in thousands of residential transactions, I'm convinced that incorporating generative AI in the home buying process is the natural next step in the industry's evolution," said Jorge Aldecoa, Chief Product Officer at reAlpha. "I'm proud to have created Claire alongside our talented technology team, and that reAlpha is able to offer this timely, differentiated and trust-inspiring solution to consumers."
The creation and launch of Claire align with reAlpha's mission to bring the multi-trillion-dollar global real estate industry into the digital era. reAlpha believes that over time, Claire has the potential to set the new standard for efficiency, accessibility and reliability when it comes to buying a new home, empowering home buyers to make informed decisions they can feel confident about.

AIRE

reAlpha Tech Corp. Launches Claire, Real Estate's First AI-Powered, Zero-Commission Smart Buyer's Agent; Introduction Aligns With Major Shifts In The Real Estate Sector After The NAR Agreed To Eliminate The Standard 6% Sales Commission

Humana Earlier Said "Our 2025 Adj. EPS Growth Outlook Will Be Impacted By Several Variables To Which We Will Not Have Clear Visibility Until Later This Year; We Believe It Is Prudent To Provide More Specific Guidance For 2025 Once We Have Greater Clarity; We No Longer Believe $6 To $10 Of Adj. EPS Growth Is The Appropriate Target Range For 2025"

Stephens &amp; Co. analyst Terry McEvoy reiterates First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) with a Overweight and maintains $28 price target.

BUSE

Stephens & Co. Reiterates Overweight on First Busey, Maintains $28 Price Target

Tesla Inc. is, leveraging Texas Senate Bill 2038 to de-annex nearly 2,100 acres of its Gigafactory land in eastern Travis County.&nbsp;
The move allows the company to sidestep certain development approvals and city taxes, according to the Austin Business Journal.
The electric vehicle manufacturer's decision follows a revised petition that aligned with the state law effective Sept. 1, leaving the city of Austin with no authority to contest the action.
Senate Bill 2038, pivotal in rural and fringe urban areas, grants landowners the ability to withdraw from a city's extraterritorial jurisdiction. This can significantly impact how cities manage environmental and floodplain regulations.&nbsp;
"Extraterritorial jurisdictions matter in part because they allow cities to enforce environmental and flooding standards," Austin spokesperson Shelley Parks said.
<h2 class="wp-block-heading">Don&#8217;t Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> Jeff Bezos-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
</ul>
In 2020, Tesla CEO Elon Musk envisioned an "ecological paradise" on this tract of land, proposing public access to hiking and recreational spaces. Despite these promises, the project's eco-friendly developments remain on hold. Musk's history of contesting regulations is well-known — he previously expressed frustration with various state and federal guidelines that have affected his other business ventures.
Critics like Bill Bunch, an Austin-based attorney and environmental advocate, argue that Tesla's strategic de-annexation undermines local standards.&nbsp;
"We don't have any business extending utilities to people who don't want to meet our standards or pay our taxes," Bunch said, addressing concerns over the city's infrastructure support to Tesla without securing commitments to adhere to local regulations.
The broader implications of SB 2038 are evident as Austin and other Texas cities have seen a surge in de-annexation requests since the law's enactment, totaling 191 petitions by December. The controversy surrounding this legislation has led several municipalities, including Hutto and Lockhart, to challenge its constitutionality in court, although Austin has not yet joined this legal battle.
In nearby Bastrop, developer Alton Butler has used the same law to advance a 546-acre film studio project, illustrating the growing trend and varied applications of the de-annexation law in the region.
Tesla&#8217;s Gigafactory has had a notable economic impact, supporting about 15,000 jobs and contributing millions in taxes, bolstering local economies. However, environmental challenges remain, especially concerning water usage and unfulfilled ecological promises, highlighting a complex balance between economic growth and environmental stewardship.
<h2 class="wp-block-heading">Tesla&#8217;s Future Development Plans and Austin&#8217;s Growing Real Estate Market</h2>
Despite Tesla&#8217;s decision to de-annex its Gigafactory land, which may limit the direct benefits to the city of Austin, the company&#8217;s future development plans are still expected to have a positive impact on Austin&#8217;s real estate market. As Tesla continues to expand its operations and attracts more talent to the area, the demand for housing and commercial real estate is likely to increase.
Tesla&#8217;s presence in the region has already contributed to Austin&#8217;s growing reputation as a hub for innovation and technology. This has attracted other businesses and entrepreneurs to the area, further fueling economic growth and real estate development.
Elon Musk&#8217;s ambitious plans for Austin, including the potential for an &#8220;ecological paradise,&#8221; have captured the attention of investors and residents alike. While the realization of these plans may be uncertain, the mere prospect of such developments has generated excitement and optimism about Austin&#8217;s future.
This optimism is reflected in the growing interest in investment opportunities like the <a href="https://www.benzinga.com/real-estate/23/05/32537165/elon-musk-is-bullish-on-austin-heres-how-to-invest-in-the-citys-growth-before-he-floods-it-with-new">Austin Cityfund</a>. Many investors are betting on the area&#8217;s continued growth and prosperity, driven in part by the presence of companies like Tesla and the vision of influential figures like Elon Musk. By investing in the Austin Cityfund, individuals can participate in the city&#8217;s real estate market and potentially benefit from the long-term growth and appreciation of the area&#8217;s properties.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Elon Musk has reportedly bought 6,000 acres of land just outside of Austin.<a href="https://www.benzinga.com/real-estate/23/05/32537165/elon-musk-is-bullish-on-austin-heres-how-to-invest-in-the-citys-growth-before-he-floods-it-with-new"> Here&#8217;s how to invest in the city&#8217;s growth</a> before he floods it with new tech workers.</li>
</ul>

Real Estate

Elon Musk's Tesla Sidesteps Austin In A Bold Move To De-Annex 2,100 Acres Under Controversial Texas Senate Bill

Serve Robotics Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) said it is expanding its existing agreement with&nbsp;Magna International Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>)<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38401431/serve-robotics-enters-production-agreement-with-magna-to-scale-robot-manufacturing" rel="noreferrer noopener">&nbsp;to boost the adoption of robotics in logistics</a>.
Under the new agreement, Magna will become the exclusive contract manufacturer of Serve&#8217;s delivery robots, effective April 24, aiding Serve&#8217;s aim to deploy up to 2,000 robots on the Uber Eats platform across multiple U.S. markets.
The previous partnership entailed Serve granting Magna a non-exclusive license to its technologies to develop new products in the robotics and logistics space. The financial terms&nbsp;were not disclosed.
&#8220;Following our successful public offering, we are excited to start working to scale our robotic fleet with Magna&#8217;s world-class manufacturing capabilities,&#8221; said CEO Ali Kashani.
&#8220;This collaboration supports the natural progression of our business beyond food delivery and positions our proprietary robotics technology as a platform upon which new robots can be built.&#8221;
Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots to make delivery sustainable and economical.
Backed by&nbsp;Uber Technologies Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and&nbsp;NVIDIA Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Serve became an independent company in 2021.
Serve has scalable multi-year contracts, including a signed agreement to deploy delivery robots on the Uber Eats platform.
Price Action: SERV shares are trading lower by 3.47% at $3.06 at the last check Wednesday.
Photo via Wikimedia Commons

Equities

Contracts

General

NVDA

SERV

UBER

Uber-Backed Serve Robotics Expands Production Partnership With Automotive Supplier Magna

UBS Global Research has revised its outlook for the &quot;Big Six&quot; tech companies &mdash; Apple, Amazon, Google-parent Alphabet, Meta, Microsoft, and Nvidia &mdash; from &quot;Overweight&quot; to &quot;Neutral&quot; according to a recent statement by Jonathan Golub, the chief U.S. equity strategist at UBS Investment Bank, according to a source.
In his explanation, Golub said that the downgrade is not based on rich valuations or concerns about the sustainability and momentum of the AI technology. Instead, he pointed out tough comps compared to the pandemic period and cyclical pressures as the headwinds. Golub highlighted that the rapid earnings growth recorded by these tech giants over the past year is now ebbing.
<h3>Will Easy Comps Faced by Big Tech Go Away in 2025?</h3>
UBS indicated that the pandemic initially triggered increased demand for PCs, online shopping and gaming, thus helping those tech stocks&#39; earnings. A reduction in costs and easy comparisons boosted these companies&#39; profits, which peaked in the fourth quarter of 2023. But this jump will be followed by a decline in earnings as the economy gradually gains momentum.
Golub also mentioned that the current analysis does not overlook the influence of AI, cloud computing, or bitcoin mining on tech earnings. The research division of UBS predicts a decline in these companies&#39; EPS growth to 16% in the first quarter of 2025, down from 42% in the corresponding period of this year. UBS expects earnings to normalize going forward.
Let&#39;s discuss some examples:
Nvidia&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) expected sales growth is 17.94% for 2025 versus 74.07% for 2024. Its 2025 expected earnings growth is 13.88% versus 2024&#39;s expectation of 84.72%.
Meta&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) expected sales growth is 12.79% for 2025 versus 18.19% for 2024. Its 2025 expected earnings growth is 15.18% versus 2024&#39;s expectation of 35.71%.
Alphabet&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) expected sales growth is 11.07% for 2025 versus 13.18% for 2024. Its 2025 expected earnings growth is 14.58% versus 2024&#39;s expectation of 16.90%.
Amazon&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) expected sales growth is 11.59% for 2025 versus 11.61% for 2024. Its 2025 expected earnings growth is 30.36% versus 2024&#39;s expectation of 41.38%.
<h3>Time for Non-Cyclical ETFs?</h3>
According to UBS, EPS growth for non-tech companies is expected to surpass that of the Big Six over the next year, as these firms were less affected by the pandemic-induced boom.
The Federal Reserve is also likely to start cutting rates in late 2024 due to the likelihood of cooling inflation. The U.S. economy is showing signs of resilience.
This perspective has bolstered investor confidence, leading to increased investments in sectors like financials and industrials. These areas are deemed safe havens amid the likely Fed rate cuts. Other sectors like consumer staples, utilities and healthcare also appear to be safe bets.
<h3>ETFs in Focus</h3>
Against this backdrop, below we highlight a few safe sector ETFs like Health Care Select Sector SPDR ETF (ARCA:XLV), Industrial Select Sector SPDR ETF (ARCA:XLI), Financial Select Sector SPDR ETF (ARCA:XLF), Consumer Staples Select Sector SPDR ETF (ARCA:XLP) and iShares U.S. Utilities ETF (ARCA:IDU).
<a href="https://www.zacks.com/stock/news/2260842/beyond-big-six-why-choose-non-cyclical-sector-etfs?cid=CS-BENZ-FT-etf_news_and_commentary-2260842">To read this article on Zacks.com click here.</a>

Sector ETFs

Markets

Tech

Trading Ideas

ETFs

AMZN

GOOG

iShares Trust Dow Jones US Utilities Sector Index Fund

Beyond "Big Six:" Why Choose Non-Cyclical Sector ETFs?

Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) has outperformed the market over the past 15 years by 4.16% on an annualized basis producing an average annual return of 16.55%. Currently, Expedia Group has a market capitalization of $18.45 billion. 
Buying $1000 In EXPE: If an investor had bought $1000 of EXPE stock 15 years ago, it would be worth $12,785.65 today based on a price of $135.40 for EXPE at the time of writing.
<h3>Expedia Group's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713972759_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EXPE

Here's How Much $1000 Invested In Expedia Group 15 Years Ago Would Be Worth Today

Stephens &amp; Co. analyst John Campbell reiterates CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) with a Overweight and maintains $105 price target.