AXS Esoterica NextG Economy ETF (BATS: WUGI)

AXS Esoterica NextG Economy ETF (BATS:WUGI), Trade Ideas

AXS Investments empowers investors, advisors, traders and asset allocators to access distinctive exposures for investing and trading. It manages innovative and award-winning ETFs and mutual funds with differentiated approaches to growth, income, alternative and sustainable investing. The firm is known for investment product innovation and was the first to introduce leveraged single stock ETFs designed as trading tools to capitalize on volatile stocks or themes. Its investor-friendly fund family can help investors seek higher income, invest for sustainability, and diversify portfolios with non-traditional strategies.

AXS Investments

AXS Esoterica NextG Economy ETF (WUGI) is an actively managed ETF that invests in stocks of companies that may benefit from the ever-evolving digital economy. The Fund seeks capital appreciation and can be a core source of growth for portfolios.

AXS Esoterica NextG Economy ETF 

Long Ideas

Sector ETFs

Short Ideas

Technicals

Movers

Trading Ideas

ETFs

ESPO

PowerShares Exchange-Traded Fund Trust Dynamic Semiconductor Portfolio

WUGI

Advanced Micro Devices Inc. (NASDAQ: AMD) shares were trading higher Thursday after the chipmaker and Google Cloud announced T2D.

T2D is the first in a new family of Tau Virtual Machines powered by a third-generation AMD EPYC processor.

Where Could Advanced Micro Devices Stock Go After Company Announcement?

Exclusives

ACEV

Bruce Liu, CEO and portfolio manager at Esoterica Capital, manages the company&#39;s active ETF Esoterica NEXTG Economy ETF (BATS: WUGI). The fund invests in the next cycle of the economy which he refers to as the &#34;digital economy.&#34;

Benzinga Boot Camp Event Spotlight: Bruce Liu

AXS Esoterica NextG Economy ETF

Wedbush analyst Michael Pachter reiterates Unity Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) with a Outperform and maintains $33.5 price target.

News

Price Target

Reiteration

Analyst Ratings

Wedbush Reiterates Outperform on Unity Software, Maintains $33.5 Price Target

Blackstone Inc. created BREIT in 2017 to allow regular investors to invest in its real estate. The company called it a strategy to build long-term wealth across market cycles.
It grew quickly by offering an annual dividend of about 4% at a time when interest rates were close to zero.
<a href="https://www.benzinga.com/real-estate/reit/23/06/32721342/blackstone-reit-continues-trend-of-bad-news-for-real-estate-investors">BREIT</a> focuses on industrial, student housing and data centers in Sun Belt markets. About 70% of its $59 billion portfolio is concentrated in Southern and Western states and is 95% occupied.
But according to a Business Insider article, BREIT may<a href="https://www.benzinga.com/real-estate/reit/22/12/29998401/is-a-blow-up-in-the-private-reit-space-coming-what-may-be-ahead-for-blackstones-breit"> not be as solid an investment</a> as Blackstone portrays it.
Don't Miss:
<ul>
<li>Only 0.2% of single-family rentals make this platform's rigorous cut. You can co-invest in them <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">with Jeff Bezos and other notable investors for only $100</a>.</li>
<li>Want to Create a Passive Income Stream? <a href="https://www.benzinga.com/real-estate/23/05/32554601/want-to-grow-your-wealth-passively-these-high-yield-real-estate-notes-might-be-your-holy-grail">These High-Yield Real Estate Notes Might Be Your Holy Grail</a> </li>
</ul>
CRE Analyst dove into Business Insider's claims to determine whether the publication accurately depicts the BREIT, a private fund of non-traded real estate investment trusts (REITs). It verified Business Insider's assertion that BREIT failed to generate enough cash flow last year to cover its annual dividend, but found other of the publication's claims misleading.
While the claim, that some investors are questioning whether BREIT isn't the "rock-solid" investment Blackstone says it is, is true, CRE Analyst points out that the sources quoted in the article either sell their services or compete with Blackstone. One of Blackstone's biggest competitors is KKR, Business Insider's largest investor.
Business Insider says veteran analysts, accountants and investors have told it that BREIT is a "house of cards â€¦ because the returns the fund claims it has delivered depend almost entirely on BREIT's own estimates, which skeptics believe are wildly inflated."
CRE Analyst says the article's claim that when BREIT faced a flood of redemption requests from investors, it only fulfilled them after raising funds from new investors is misleading. Rather, BREIT generated liquidity by bringing in preferred equity investment from a big investor, CRE Analyst reported. The problem with preferred equity, the CRE Analyst said, is that it subordinates common equity behind a debtlike investment.
Business Insider's statement that it's impossible to know how valuable BREIT is because it's not publicly traded and its price per share is set by Blackstone rather than the market is true. Investors buy shares in BREIT based on their confidence in Blackstone's investing savvy and its reports of its own performance, which is an exercise in trust.
"…which is why track record and experience are such important points of focus for investors," CRE Analyst said.
Read Next:
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. This platform <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allows individuals to invest in commercial real estate with as little as $5,000. </a></li>
<li>This Bezos-backed startup selects America's prime single-family rentals and then <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">lets you invest in them</a> starting from $100. </li>
</ul>

Real Estate

Blackstone's BREIT Under Scrutiny Amid Allegations Of Instability, But Some Claims Are Dispelled

Wedbush analyst Michael Pachter reiterates Getty Images Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETY#NYSE">GETY</a>) with a Outperform and maintains $7.7 price target.

GETY

Wedbush Reiterates Outperform on Getty Images Holdings, Maintains $7.7 Price Target

Roth MKM analyst Suji Desilva maintains CEVA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEVA#NASDAQ">CEVA</a>) with a Neutral and lowers the price target from $25 to $20.

CEVA

Roth MKM Maintains Neutral on CEVA, Lowers Price Target to $20

WIIM

Savers Value Village shares are trading lower after the company reported worse-than-expected Q1 financial results and issued guidance.

Chardan Capital analyst Keay Nakae maintains ProQR Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRQR#NASDAQ">PRQR</a>) with a Buy and maintains $2.5 price target.

PRQR

Chardan Capital Maintains Buy on ProQR Therapeutics, Maintains $2.5 Price Target

Visa Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) shares are higher today (Friday). The company announced a collaboration with MoneyHash to deliver secure and<a href="https://www.benzinga.com/pressreleases/24/05/b38693594/moneyhash-teams-up-with-visa-to-empower-secure-and-enhanced-digital-payment-experiences" target="_blank" rel="noreferrer noopener">&nbsp;enhanced digital payment experiences</a>.
Through this partnership, MoneyHash aims to use Visa&#8217;s global reach, capabilities and security to connect the world through offering reliable and secure payment networks across the Middle East and North Africa (MENA).
&#8220;Visa is thrilled to work with innovative platforms like MoneyHash, which contributes to the growing&nbsp;move to&nbsp;digital&nbsp;through&nbsp;providing a simplified process.&nbsp;We thrive&nbsp;to empower&nbsp;our partners with the tools and resources necessary to provide secure and seamless payment&nbsp;solutions,&#8221; said Leila Serhan, Visa senior vice president and group country manager for North Africa, Levant&nbsp;and&nbsp;Pakistan region.&nbsp;
Elena Panchenko, CPO of&nbsp;MoneyHash&nbsp;said, &#8220;It empowers our customers to enhance their payment infrastructure, ensuring secure, fast, and reliable payment experiences.&nbsp;This&nbsp;is especially crucial in today&#8217;s digital-first world, where payment security is paramount.&#8221;
Last month, Visa reported&nbsp;second-quarter&nbsp;2024 adjusted EPS of $2.51,&nbsp;driven by&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38400226/whats-going-on-with-visa-shares-wednesday" rel="noreferrer noopener">8% payment volume growth</a>.
Investors can gain exposure to the stock via&nbsp;Litman Gregory Funds Trust Polen Capital Global Growth ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCGG#NYSE">PCGG</a>) and&nbsp;IShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>).
V Price Action: Visa shares are up 0.75% at $280.66 premarket at the last check Friday.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38761378/whats-going-on-with-soundhound-ai-shares-friday">What&#8217;s Going On With SoundHound AI Shares Friday?</a>
Photo: Shutterstock

Global

iShares Trust Dow Jones US Financial Services Index Fund

Litman Gregory Funds Trust Polen Capital Global Growth ETF

PCGG

What's Going On With Visa Shares Today

Roth MKM analyst Suji Desilva maintains Redwire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) with a Buy and raises the price target from $5 to $10.

Roth MKM Maintains Buy on Redwire, Raises Price Target to $10

Roth MKM analyst George Kelly reiterates BRC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRCC#NYSE">BRCC</a>) with a Buy and raises the price target from $6 to $7.

BRCC

Roth MKM Reiterates Buy on BRC, Raises Price Target to $7

Macro Economic Events

Economics

Federal Reserve

Fed's Kashkari Says Worthwhile To Downgrade Hype Around A.I.

Discount retailer Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) has decided not to sell LGBTQ-themed products in certain stores during Pride Month in June, following a previous backlash <a href="https://www.benzinga.com/topic/pride-month">that impacted its revenue</a>.
What Happened: Target will offer its full range of LGBTQ+ merchandise online but is evaluating store-level data to determine which physical locations will carry these products.
A Target spokeswoman stated that the company will provide a selection of Pride items in select stores and online, based on customer feedback and market research.
The retailer began moving Pride displays to the back of its stores in certain Southern locations (i.e, semi-rural areas of Georgia, South Carolina and Arkansas) last year. This led to the removal of some products altogether after protestors reportedly tipped over displays.
Meanwhile, LGBTQ allies <a href="https://ncnewsline.com/2023/06/01/more-than-100-organizations-call-on-target-other-businesses-to-stand-up-to-anti-lgbtq-threats/">criticized</a> the Minneapolis-based company for not standing up against anti-LGBTQ activists.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/05/38640684/targets-ambitious-growth-beyond-borders-reportedly-broadens-sales-horizons-beyond-own-stores">Target&#8217;s Ambitious Growth Beyond Borders &#8211; Reportedly Broadens Sales Horizons Beyond Own Stores</a>
The decision for the upcoming Pride Month holds importance for Target, as previous backlash, combined with reduced demand for non-essential items, contributed to ongoing sales declines.
The company reported fourth-quarter FY23 revenue growth of 1.7% year-on-year to <a href="https://www.benzinga.com/news/earnings/24/03/37478996/why-is-target-stock-trading-higher-today">$31.92 billion with an adjusted EPS of $2.98.</a>
Why It Matters: Some 510 anti-LGBTQ bills were introduced in state legislatures across the U.S. in 2023, per American Civil Liberties Union <a href="https://www.aclu.org/legislative-attacks-on-lgbtq-rights?impact=" target="_blank" rel="noreferrer noopener">data</a>, an uptick from 2022.
Target and other major companies have emphasized their commitment to supporting the LGBTQ+ community, but face backlash from customer sects in certain states.
Chief Executive Officer Brian Cornell acknowledged the challenges faced by the company last year and expressed a commitment to learning from the experiences to better serve both employees and the LGBTQ+ community.
Target stock has more than 4% in the last 12 months. Investors can gain exposure to the stock via Vanguard Consumer Staples ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VDC#NYSE">VDC</a>) and Consumer Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>).
Price Action: TGT shares are trading higher by .06% at $164.42 in premarket at the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38142678/target-introduces-truscan-tech-to-combat-self-checkout-theft-report">Target Introduces TruScan Tech To Combat Self-Checkout Theft: Report</a>
Image: Shutterstock

General

Target To Limit LGBTQ Merchandise In Stores For Pride Month: Report

Chardan Capital analyst Keay Nakae maintains Avidity Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNA#NASDAQ">RNA</a>) with a Buy and maintains $33 price target.

Chardan Capital Maintains Buy on Avidity Biosciences, Maintains $33 Price Target

CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) shares are trading higher Friday after the company posted better-than-expected second-quarter financial results and announced it will acquire two new Bitcoin <a href="https://www.benzinga.com/pressreleases/24/05/n38742925/cleanspark-to-acquire-75-mw-of-bitcoin-mining-sites-in-wyoming-for-18-75-million">mining locations.</a> 
The Details:
CleanSpark said <a href="https://www.benzinga.com/pressreleases/24/05/n38730956/cleanspark-reports-second-quarter-fy2024-financial-results">quarterly revenue</a> clocked in at $111.8 million which beat the analyst consensus estimate of $102.574 million by 8.99% and represents a 162.77% increase in revenue from the same period last year. The company also reported quarterly GAAP earnings of 58 per share.&nbsp;
&#8220;The second quarter was record breaking and historic for CleanSpark, as we recognized approximately $112 million of revenue,&#8221; said Gary A. Vecchiarelli, CFO of CleanSpark.
&#8220;Our margins have also increased over the preceding first quarter which were helped by the rise in bitcoin prices and expanded margins. At our wholly owned sites, we experienced wholesale power costs as low as 1.3 cents per kilowatt hour, and a very favorable all-in power cost of 4.3 cents per kilowatt hour. We also ended the quarter with almost $700 million in cash and bitcoin, and virtually no debt, which put us in a strong position for the halving and will allow us to take advantage of opportunities the halving presents.&#8221;
CleanSpark announced it has entered into definitive agreements to acquire two bitcoin mining locations in Wyoming, with 75 MW of available power, for a cash payment of $18.75 million. The company said the agreement is anticipated to close in 45 days, and the sites are expected to add over four exahashes per second (EH/s) once fully operational. The company plans to break ground on the new facilities shortly after closing.
&#8220;Just three short months ago, we took a leap and expanded into Mississippi,&#8221; said Zach Bradford, CEO. &#8220;Today, I&#8217;m pleased to share that we are continuing our journey with our westward expansion into Wyoming. Diversifying our portfolio is integral to our strategy and we are well positioned to take advantage of similar acquisitions in the wake of the halving.&#8221;
Related News: <a href="https://www.benzinga.com/news/earnings/24/05/38737083/whats-going-on-with-palantirs-stock">What&#8217;s Going On With Palantir&#8217;s Stock?</a>
<h2 class="wp-block-heading">CLSK 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 Cleanspark, 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 Cleanspark, the 200-day moving average sits at $9.84, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is below the current price of $17.25. 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.
CLSK Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, CleanSpark shares are up 7.87% at $17.88 at the time of publication Friday.
Image: Reto Scheiwlliier from Pixabay

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

CLSK

Bitcoin-Miner CleanSpark's Stock Climbs After Strong Q2 Revenue, 2 New Mining Locations

Fed's Logan Says Once Banks Are Signed Up, Discount Window Is An Easy System To Use

Fed's Kashkari Says Fed Is Interested In A.I. Because It Contributes To Productivity

Wedbush analyst Gerald Pascarelli maintains Green Thumb Industries (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTC">GTBIF</a>) with a Outperform and raises the price target from $15 to $16.

GTBIF

Wedbush Maintains Outperform on Green Thumb Industries, Raises Price Target to $16

Fed's Logan Says Critically Important That Banks Have A Broad Set Of Funding Arrangements; One Of Them Has To Be The Fed's Discount Window; We Want To See Every Bank Signed Up To Discount Window; We Want To See Every Bank Testing The Discount Window On A Regular Basis

Warner Bros. Discovery shares are trading higher after Keybanc upgraded the stock from Sector Weight to Overweight and announced an $11 price target.

B. Riley Securities analyst Jeff Van Sinderen maintains VSE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSEC#NASDAQ">VSEC</a>) with a Buy and raises the price target from $91 to $101.

VSEC

B. Riley Securities Maintains Buy on VSE, Raises Price Target to $101

Wedbush analyst Jay McCanless reiterates Legacy Housing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEGH#NASDAQ">LEGH</a>) with a Outperform and maintains $25 price target.

LEGH

Wedbush Reiterates Outperform on Legacy Housing, Maintains $25 Price Target

Tech Was Best In Q4 Earnings But Look To The Rest As Market Broadens

Taking Stock: Q2 2024 Equity Market Outlook

Equity Outlook: Earnings Step Back Into The Market Spotlight

April 2024 Perspective

Tailwinds In Tech

The Outlook For The U.S. Economy Is Bullish

Why The Market Rally May Still Have Room To Run, Even If Tech Stocks Falter

The Perils Of Owning The Wrong Tech Stocks

Is There A Tech Bubble? Our Current Tech Positioning

Quality Is Now A Momentum Trade

AAPL

ACES

ACTV

ACWI

ACWV

AFMC

AFSM

AFTY

AGNG

AIRR

ANEW

ARKF

ARKG

ARKK

ARKQ

ARKW

ARKX

ASET

ASHR

ASHS

AVUV

BAPR

BBCA

BBEU

BBJP

BBMC

BFOR

BKMC

BLCN

BLOK

BMED

BMVP

BOIL

BOTZ

BOUT

BTEC

BTEK

CBON

CCRV

CHIM

CHIQ

CHIX

CIBR

CLOU

CMDY

CNCR

CNRG

CNXT

CNYA

COMB

COMT

CQQQ

CRAK

CRBN

CTEC

CXSE

DAPP

DBEU

DBEZ

DBJP

DDIV

DEUS

DGRO

DJCB

DRIV

DTEC

DUSL

DVLU

DWLD

DXJS

ECNS

EDOC

EQAL

ERTH

ESGG

ETHO

EUDG

EUDV

EURL

EUSC

EWJV

FAAR

FCOM

FENY

FEUZ

FFTY

FHLC

FIDU

FILL

FINX

FITE

FIVG

FLCA

FLCH

FLEE

FLEU

FLHK

FLJH

FLJP

FLQM

FLTW

FNDB

FNDX

FNGS

FOVL

FPXE

FRTY

FSMD

FTDS