Invesco S&P SmallCap Momentum ETF (ARCA: XSMO)

Invesco S&P SmallCap Momentum ETF (ARCA:XSMO), Quote.Headers.trade-ideas

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The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is composed of constituents of the S&P SmallCap 600 that have the highest momentum score.

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Mueller Industries Inc

Installed Building Products Inc

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Fabrinet

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Invesco S&P SmallCap Momentum ETF

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Investors bullish on small-caps, driven by expected rate cut, July saw best month for &#39;long small cap, short tech&#39; trade in 2 decades. Inflows into small-cap ETFs, but caution urged by experts due to advantages of larger companies in tech sector.

Investors Go All In On Small Caps, Pour Over $6 Billion Into Russell 2000 ETF This Month: They &#39;Will Return To Larger-Cap Alternatives,&#39; Veteran Analyst Says

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Wave Life Sciences Announced Interim Data From Ongoing Phase 2 FORWARD-53 study of WVE-N531 For Duchenne Muscular Dystrophy Who Are Amenable To Exon 53 Skipping, Showing Substantial Dystrophin Expression And That It Was Safe And Well Tolerated

CRDL

Cardiol Therapeutics Says Achieved Target Patient Enrollment Of 100 Patients In ARCHER Phase II Randomized, Double-blind, Placebo-controlled Trial

Morgan Stanley analyst Stephen Byrd maintains Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) with a Overweight and maintains $35 price target.

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Morgan Stanley Maintains Overweight on Sunrun, Maintains $35 Price Target

An issue weighing on swing state voters is the challenge of rental affordability. Many <a href="https://www.benzinga.com/real-estate/24/05/38949118/swing-state-housing-prices-could-sway-2024-election">continue to grapple with housing costs</a> that stretch their budgets to the breaking point.
Recent data issued by Redfin finds that the typical swing state renter now earns about 17% less than needed to comfortably afford the median-priced apartment. While this is an improvement from the 21% shortfall seen during the last election cycle, it highlights the ongoing struggle many face in securing affordable housing.
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The Redfin analysis examined rental markets in swing states, including Arizona, Nevada, Wisconsin, Michigan, Pennsylvania, Georgia and North Carolina.
Arizona improved most among the findings. Renters in the Grand Canyon State have seen gains in affordability since 2020, with the income gap shrinking from 12.4% to just 2.6%. That move has been attributed to a 32.2% increase in median renter household income, outpacing the 18.9% rise in median asking rents.
Not all swing states have fared as well, though.&nbsp;
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Michigan is the sole swing state where rental affordability has worsened since the last election. The typical renter household now earns 16.3% less than needed for comfortable housing costs, deteriorating from the 11.2% shortfall in 2020. According to Redfin, the decline is partly due to a sharp 12.4% jump in asking rents over the past year, the steepest increase among the swing states.
Pennsylvania, meanwhile, has the most challenging renter landscape. With the highest median asking rent ($1,747) among the swing states and one of the lowest estimated median renter household incomes ($49,168), Pennsylvanians face a 29.6% income shortfall when it comes to affording the typical apartment.
Chief Economist at Redfin, Daryl Fairweather, said there is a disconnect between economic indicators and lived experiences. &#8220;While the economy has been improving on paper, that&#8217;s not what it feels like for many U.S. families,&#8221; Fairweather said in the report. &#8220;Many renters – especially young people – still feel the rent is too damn high.&#8221;
Trending: Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US.<a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital"> Investing in its booming real estate market has never been more accessible.</a>
That sentiment could play an important role in shaping voter priorities as candidates crisscross battleground states. Their plans to address the housing affordability crisis will likely face scrutiny from voters feeling the pinch of high rental costs.
While the current landscape shows signs of improvement, the average swing state renter still spends about 36% of their income on housing – above the 30% threshold widely considered the benchmark for affordability. The figure has come down from nearly 39% during the last election cycle.
Experts point to the pandemic-era building boom as a factor in tempering rent increases. The surge in apartment supply has put downward pressure on rents in some markets, with Arizona seeing a notable 4.6% decline in asking rents over the past year.
As the election approaches, the gap between incomes and rental costs could be a potent force in <a href="https://www.benzinga.com/real-estate/24/05/39112751/home-values-in-swing-states-may-swing-the-2024-presidential-vote">shaping the political landscape of America&#8217;s swing states</a>.
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<li>Will the surge continue or decline on real estate prices?<a href="https://www.benzinga.com/money/realbricks"> People are finding out about risk-free real estate investing that lets you cash out whenever you want.</a></li>
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Swing State Renters Still Struggling, But Earning 17% Less Is An Improvement From 2020

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is priming for more gains on Tuesday after the stock erased its losses for the year with a nearly 5% jump on Monday.
The catalyst that is potentially offering support on Tuesday is data out of China that showed that insured registered for Tesla vehicles remained healthy for the recent reporting week. The metric came in at 13,800 for the week of Sept. 16-22, down 11.54% from 15,600 in the previous reporting week, CnEVPost <a href="https://cnevpost.com/2024/09/24/china-ev-insurance-registrations-week-ending-sept-22-2024/">reported, </a>citing data from Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>).
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Commenting on the number, Future Fund&#8217;s Gary Black said the performance has come despite a two-day Mid-Autumn Festival national holiday. Through 12 weeks, third-quarter deliveries are up 18.5% year-over-year and 19.9% higher than the previous quarter, he said. &#8220;Still on track for TSLA China's best quarter ever,&#8221; he added.
The stock could gain more until the third-quarter delivery report, likely due next Wednesday, with potential upward revision by sell-side analysts due to China&#8217;s strength providing additional support.
In premarket trading, Tesla rose 1.16% to $252.90, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> For the year, the stock is now up about 0.6%.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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</ul>
Image via Unsplash

TSLA

Tesla Stock Poised For More Gains After Erasing Losses For The Year: What's Charging Up The EV Maker?

FAASW

Trading Halt: Halt status updated at 7:30:00 AM ET: Quotation Resumption: News and Resumption Times

Morgan Stanley analyst Vikram Purohit maintains Foghorn Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FHTX#NASDAQ">FHTX</a>) with a Equal-Weight and raises the price target from $6 to $9.

FHTX

Morgan Stanley Maintains Equal-Weight on Foghorn Therapeutics, Raises Price Target to $9

Morgan Stanley analyst Brian Nowak maintains Maplebear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) with a Equal-Weight and lowers the price target from $45 to $41.

CART

Morgan Stanley Maintains Equal-Weight on Maplebear, Lowers Price Target to $41

Wedbush analyst David Chiaverini downgrades Customers Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBI#NYSE">CUBI</a>) from Outperform to Neutral and lowers the price target from $79 to $53.

Downgrades

CUBI

Wedbush Downgrades Customers Bancorp to Neutral, Lowers Price Target to $53

Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck lead engineer Wes Morrill on Tuesday expressed disappointment over Grok-generated images of the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36039263/did-tesla-overpromise-and-underdeliver-with-the-cybertruck">stainless steel truck.</a>
What Happened: &#8220;I would wager X has the highest concentration of Cybertruck training images of any social media. So it&#8217;s extra disappointing when Grok absolutely nails the design aesthetic but has no clue what a Cybertruck looks like&#8230;,&#8221; Morrill wrote on social media platform X. 
The engineer also shared images of the Cybertruck generated by Grok, all of which show different forms but none resembling the Cybertruck&#8217;s angular design. While some images generated by Grok show the Cybertruck as a roadster vehicle, others show it as a sports car. None of them, according to Morrill, &#8220;quite hit the mark.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">More awesome designs that didn&#39;t quite hit the mark&#8230; <a href="https://t.co/BpTZvOQmrb">pic.twitter.com/BpTZvOQmrb</a>
&mdash; Wes (@wmorrill3) <a href="https://twitter.com/wmorrill3/status/1838464108355809474?ref_src=twsrc%5Etfw">September 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Grok is the chatbot developed by Elon Musk&#8216;s artificial intelligence startup xAI as a rival to OpenAI&#8217;s ChatGPT. It is integrated with the billionaire&#8217;s social media platform X.
The Cybertruck, meanwhile, is the latest offering from Tesla, the EV company of which Musk is CEO.
The Cybertruck is known for its angular, stainless steel exterior, setting it apart from other vehicles. The unusual design, coupled with its high price point, has also made it a <a href="https://www.benzinga.com/general/entertainment/24/09/40926236/kim-kardashian-debuts-custom-metallic-silver-cybertruck-will-elon-musk-approve-the-celebrit">celebrity pick</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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</ul>
Photo courtesy: Shutterstock

Elon Musk's Grok AI Chatbot Has 'No Clue' What Tesla's Cybertruck Looks Like: Senior Exec Calls It 'Extra Disappointing'

FAAS

Trading Halt: Halt status updated at 7:25:00 AM ET: Quotation Resumption: News and Resumption Times

Wedbush analyst David Chiaverini upgrades Prosperity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PB#NYSE">PB</a>) from Neutral to Outperform and raises the price target from $75 to $90.

Upgrades

Wedbush Upgrades Prosperity Bancshares to Outperform, Raises Price Target to $90

OCTO

Eightco Receives Formal Notice From Nasdaq That Company Has Regained Compliance With Minimum Bid Price Requirement

Wedbush analyst David Chiaverini upgrades Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) from Neutral to Outperform and raises the price target from $28 to $31.

COLB

Wedbush Upgrades Columbia Banking System to Outperform, Raises Price Target to $31

Google Cloud today announced an expanded strategic partnership with Snap Inc. to power generative AI experiences within My AI, Snapchat's AI-powered chatbot and one of the largest consumer chatbots available today.
Snapchat will leverage the strong multimodal capabilities of Gemini on Vertex AI, particularly the technology's ability to understand and operate across different types of information like text, audio, image, video, and code, to offer more engaging and innovative features for the Snapchat community through My AI. For example, with Gemini on Vertex AI integrated into the app, Snapchatters can ask My AI to translate a photo of a street sign while traveling abroad, or take a video of different snack offerings to ask which one is the healthiest option.

GOOG

SNAP

Snap Partners with Google Cloud to Power Multi-Modal Generative AI Experiences Within its My AI Chatbot

NOVUS will work with Ginkgo to build more efficient enzymes that can be produced cost-effectively.

Ginkgo Bioworks Enters Its New Partnership With NOVUS International

Wedbush analyst David Chiaverini upgrades Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) from Neutral to Outperform and raises the price target from $52 to $75.

Wedbush Upgrades Comerica to Outperform, Raises Price Target to $75

Pebblebrook Hotel Trust Prices Private Placement Of $400M Of 6.375% Senior Notes Due 2029

Village Farms International Announced That It Has Acquired The Remaining Equity Ownership Interest In Leli Holland To Increase Equity Ownership To 100% From 85%

Overall the updated analysis reveals a 56% objective response rate (ORR) in patients treated with LODER, with the ORR increasing to 67% in patients whose previously non-resectable tumors became resectable. This marks a significant step forward in potentially improving surgical outcomes for LAPC patients.

SLXN

Silexion Therapeutics Announced New Findings From Its Phase 2 Trial Of LODER In Patients With Non-resectable Locally Advanced Pancreatic Cancer (LAPC) Which Bear KRAS G12D Or G12V Mutation-Filing

Can The Rotation Out Of Big Tech Into Small Caps Continue?

Economy Shows Signs Of Slowing And Hits Stocks Hard. But It May Not Be Time To Sell Your Stocks (Yet)

XSMO: Small-Cap Momentum Stocks Shining, More Gains Likely To Come

Finally, We May Be At The Turning Point - The Stock Market Has Been Betting On It

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Invesco S&P SmallCap Momentum ETF

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Invesco S&P SmallCap Momentum ETF (ARCA:XSMO), Quote.Headers.trade-ideas