iShares ESG Screened S&P 500 ETF (BATS: XVV)

Latest News for iShares ESG Screened S&P 500 ETF (BATS:XVV)

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With climate change becoming a mega market force, ESG investing is rising. The XVV is up 28% YTD. Agri-Tech stocks like Bayer AG, FMC Corporation, and Corteva Inc are providing climate resilience solutions.

ESG Stocks Take Center Stage As Damages From Climate-Related Events Rise Exponentially Within US

iShares ESG Screened S&P 500 ETF

WIIM

Minerals Technologies shares are trading higher after the company reported better-than-expected Q1 adjusted EPS but missed sales estimates.

Minerals Technologies shares are trading higher after the company reported mixed Q1 financial results.

Ladenburg Thalmann analyst Paul Fremont initiates coverage on Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) with a Neutral rating and announces Price Target of $57.5.

News

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Analyst Ratings

Ladenburg Thalmann Initiates Coverage On Spire with Neutral Rating, Announces Price Target of $57.5

Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) signed a contract with Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) to supply HBM3E (5th generation high bandwidth memory) valued at approximately $3 billion (4 trillion won for its new data center chip, the MI350. 
Samsung Electronics&nbsp;has agreed to provide AMD with 12-layer HBM3E DRAM, slated for mass production in the&nbsp;year&#8217;s first half. Samsung started supplying samples to customers in February.&nbsp;The&nbsp;deal is worth about $3 billion (KRW 4.134 trillion), Viva 100&nbsp;<a href="https://www.viva100.com/main/view.php?key=20240423010007552" target="_blank" rel="noreferrer noopener">reports</a>.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38254546/micron-dominates-high-bandwidth-memory-market-anticipates-significant-revenue-growt" rel="noreferrer noopener">Micron Dominates High-Bandwidth Memory Market, Anticipates Significant Revenue Growth: Analyst</a>
In exchange, Samsung Electronics will purchase AMD graphics processing units (GPUs).
The supply will likely start in the second half of the year, aligning with AMD&#8217;s plans to begin mass production of chips then. AMD, initially planning to release the MI350 in the second half of this year and start mass production next year, has moved the release to the second quarter.
Trend Force reports that the MI350&#8217;s bandwidth has increased by over 30% compared to its predecessor, the MI300. Although AMD&#8217;s chips have&nbsp;been recognized&nbsp;as having greater capacity than similar-class&nbsp;Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips, they were seen as inferior in bandwidth. To counter this, AMD has chosen to use HBM3E, specifically designed to enhance bandwidth.
This contract will likely be separate from Samsung Foundry operations.&nbsp;
Meanwhile, SK Hynix has been Nvidia&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/04/38089624/nvidia-to-benefit-from-sk-hynixs-new-3-9b-indiana-facility-focused-on-high-bandwidth-memory-chips" rel="noreferrer noopener">primary HBM supplier</a>&nbsp;and leads the market. In April, SK Hynix&nbsp;announced&nbsp;plans to invest&nbsp;$3.9 billion in an advanced chip-packaging facility in West Lafayette, Indiana, focusing on mass-producing&nbsp;HBM.
Recently, Nvidia CEO Jensen Huang endorsed Samsung Electronics&#8217; HBM3E, signaling a potentially more collaborative relationship in the future.
Price Actions:&nbsp;AMD shares traded higher by 0.07% at $153.86 at&nbsp;the last check Friday.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38029253/nvidia-broadcom-lead-ai-charge-bofa-analyst-tips-amd-micron-as-emerging-contenders-" rel="noreferrer noopener">Nvidia, Broadcom Lead AI Charge: BofA Analyst Tips AMD, Micron as Emerging Contenders in Explosive Market Growth</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Pierre Lecourt via Flickr

Tech

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AMD and Samsung Partner To Boos MI350 Chip Capabilities with Advanced Memory Tech

NVIDIA shares are trading higher. The stock may be gaining following strong earnings from Microsoft and Meta's recent capex outlook increase.

Loop Capital analyst Chris Kapsch upgrades Compass Minerals Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) from Hold to Buy and lowers the price target from $26 to $23.

Upgrades

Loop Capital Upgrades Compass Minerals Intl to Buy, Lowers Price Target to $23

Charter Communications Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>)&nbsp;reported fiscal first-quarter 2024 revenue growth of 0.2% year-on-year to $13.68 billion, missing the&nbsp;<a href="https://www.benzinga.com/pressreleases/24/04/n38455712/charter-announces-first-quarter-2024-results" target="_blank" rel="noreferrer noopener">consensus of $13.74 billion</a>.
EPS of $7.55 missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $7.92</a>. The stock price dropped after the results.
Revenue growth of 1.9% in Internet, 37.8% in Mobile service, and 1.3% in Commercial aided the top line.
Charter lost 72,000 residential Internet customers, compared to 67,000 additions last year. Residential video customers decreased by 392,000 versus a decrease of 237,000 in the prior year.
Adjusted EBITDA margin expanded by 100 bps to 40.2%.&nbsp;
The quarterly free cash flow of $358 million decreased from $664 million in the prior year, primarily due to higher capital expenditures, driven mainly by Charter&#8217;s network evolution and expansion initiatives.&nbsp;
As of March 31, 2024, Charter served 30.5 million residential and SMB Internet customers.&nbsp;
Net cash flow from operating activities totaled $3.2 billion. The company held $661 million in cash and equivalents as of March 31, 2024.
Outlook: Charter Communications <a href="https://www.benzinga.com/news/earnings/24/02/36908705/why-is-charter-communications-stock-trading-lower-friday" target="_blank" rel="noreferrer noopener">reiterated a 2024</a> capex of $12.2 billion – $12.4 billion.
The&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">company&#8217;s 2024 revenue</a>&nbsp;and EPS consensus are $54.95 billion and $33.99.
Charter Communications stock lost over 19% in the past 12 months. Investors can gain exposure to the stock via&nbsp;Tidal ETF Trust God Bless America ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YALL#NYSE">YALL</a>) and&nbsp;Invesco S&amp;P 500 Equal Weight Communication Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSPC#NYSE">RSPC</a>).
Read Next: <a href="https://www.benzinga.com/general/macro-notification/24/04/38458581/feds-key-inflation-indicator-hits-2-8-dashes-rate-cut-hopes-traders-on-alert">Fed&#8217;s Key Inflation Indicator Hits 2.8%, Dashes Rate Cut Hopes; Traders On Alert</a>
CHTR Price Action:&nbsp;Charter Communications shares traded lower by 1.49% at $255.49 at publication Friday.
Photo: <a href="https://www.shutterstock.com/g/Piotr+Swat">Piotr Swat</a> via Shutterstock

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Charter Communications Loses Residential Internet Customers In Q1, Reports Sharp Drop In Video Subscriptions

AutoNation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) reported quarterly earnings of $4.49 per share which beat the analyst consensus estimate of $4.31 by 4.18 percent. The company reported quarterly sales of $6.486 billion which missed the analyst consensus estimate of $6.499 billion by 0.20 percent. This is a 1.36 percent increase over sales of $6.399 billion the same period last year.

CORRECTION: AutoNation Q1 2024 EPS $4.49 Beats $4.31 Estimate, Sales $6.486B Miss $6.499B Estimate

Wedbush analyst Seth Basham maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Neutral and raises the price target from $235 to $270.

TSCO

Wedbush Maintains Neutral on Tractor Supply, Raises Price Target to $270

Barclays analyst Brandt Montour maintains Wyndham Hotels &amp; Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WH#NYSE">WH</a>) with a Overweight and raises the price target from $87 to $88.

Barclays Maintains Overweight on Wyndham Hotels & Resorts, Raises Price Target to $88

Piper Sandler analyst Stephen Scouten reiterates Origin Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OBK#NYSE">OBK</a>) with a Neutral and raises the price target from $30 to $32.

Reiteration

Piper Sandler Reiterates Neutral on Origin Bancorp, Raises Price Target to $32

Wedbush analyst Jay McCanless reiterates Meritage Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) with a Underperform and maintains $148 price target.

Wedbush Reiterates Underperform on Meritage Homes, Maintains $148 Price Target

Barclays analyst David Anderson maintains Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) with a Overweight and raises the price target from $135 to $160.

WFRD

Barclays Maintains Overweight on Weatherford International, Raises Price Target to $160

Piper Sandler analyst Alex Twerdahl reiterates Amalgamated Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAL#NASDAQ">AMAL</a>) with a Overweight and raises the price target from $28 to $29.

AMAL

Piper Sandler Reiterates Overweight on Amalgamated Financial, Raises Price Target to $29

Wedbush analyst Tom Nikic maintains Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) with a Outperform and raises the price target from $68 to $76.

Wedbush Maintains Outperform on Skechers USA, Raises Price Target to $76

Piper Sandler analyst Alexander Potter maintains Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) with a Neutral and raises the price target from $31 to $32.

MBLY

Piper Sandler Maintains Neutral on Mobileye Global, Raises Price Target to $32

Barclays analyst Andrew Mok maintains Universal Health Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) with a Equal-Weight and raises the price target from $181 to $189.

Barclays Maintains Equal-Weight on Universal Health Servs, Raises Price Target to $189

Wedbush analyst David Nierengarten reiterates Blueprint Medicines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPMC#NASDAQ">BPMC</a>) with a Outperform and maintains $110 price target.

BPMC

Wedbush Reiterates Outperform on Blueprint Medicines, Maintains $110 Price Target

Piper Sandler analyst Clarke Jeffries maintains Tyler Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) with a Overweight and raises the price target from $520 to $529.

Piper Sandler Maintains Overweight on Tyler Technologies, Raises Price Target to $529

Edwards Lifesciences shares are trading lower after the company reported Q1 financial results and issued guidance.

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Latest News for iShares ESG Screened S&P 500 ETF (BATS:XVV)

Tuesday, December 19, 2023