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NoneShares of GoDaddy Inc. ( NYSE:GDDY – Get Free Report ) were down 0.9% during trading on Thursday . The company traded as low as $197.07 and last traded at $197.85. Approximately 1,340,813 shares changed hands during trading, a decline of 8% from the average daily volume of 1,463,176 shares. The stock had previously closed at $199.73. Analyst Upgrades and Downgrades Several research firms have recently weighed in on GDDY. B. Riley increased their price target on shares of GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Raymond James increased their price objective on GoDaddy from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. Robert W. Baird lifted their target price on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. StockNews.com cut GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Finally, Benchmark boosted their price objective on shares of GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.31. Get Our Latest Stock Report on GDDY GoDaddy Stock Down 0.1 % GoDaddy ( NYSE:GDDY – Get Free Report ) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Equities analysts forecast that GoDaddy Inc. will post 4.95 earnings per share for the current fiscal year. Insiders Place Their Bets In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $166.91, for a total transaction of $500,730.00. Following the completion of the transaction, the chief executive officer now owns 358,773 shares in the company, valued at $59,882,801.43. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link . Also, CAO Nick Daddario sold 684 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $157.23, for a total transaction of $107,545.32. Following the completion of the sale, the chief accounting officer now owns 17,704 shares in the company, valued at $2,783,599.92. The trade was a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold a total of 24,345 shares of company stock worth $3,897,255 in the last quarter. 0.61% of the stock is owned by company insiders. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently made changes to their positions in GDDY. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in GoDaddy by 0.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,097 shares of the technology company’s stock worth $2,837,000 after purchasing an additional 67 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its position in shares of GoDaddy by 4.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company’s stock worth $296,000 after buying an additional 73 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of GoDaddy by 4.3% in the 2nd quarter. Whittier Trust Co. now owns 1,781 shares of the technology company’s stock valued at $249,000 after buying an additional 74 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of GoDaddy by 11.3% in the 3rd quarter. Lindbrook Capital LLC now owns 974 shares of the technology company’s stock valued at $153,000 after buying an additional 99 shares during the last quarter. Finally, Equitable Trust Co. raised its stake in GoDaddy by 1.3% during the 3rd quarter. Equitable Trust Co. now owns 8,435 shares of the technology company’s stock worth $1,322,000 after acquiring an additional 107 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds. GoDaddy Company Profile ( Get Free Report ) GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content. See Also Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter .
PM Images Performance Review US equities collectively advanced during the third quarter of 2024. The S&P 500 ( SPY ) and Dow Jones Industrial Average ( DJI ) both reached new highs multiple times in September, while the NASDAQ Composite Index struggled to return to its record high posted in early July. After bouncing back from a rocky market environment in July, when many investors rotated away from large-capitalization technology-related stocks, US equities declined again in early August as investors worried about a potential recession with the releases of weaker-than-expected July employment and manufacturing reports. However, generally solid economic data and corporate earnings reports, along with continued cooling in the annual inflation rate, eased investor concerns. In September, a rate cut from the US Federal Reserve (Fed) further bolstered US stocks. Against this backdrop, 10 out of the 11 S&P 500 sectors traded higher, with energy the only decliner. Small- and mid-cap stocks outperformed large-cap equities. As it implemented its first rate cut in more than four years and reduced the federal funds target rate by 50 basis points (bps), the Fed noted in a statement that it believes inflation is proceeding sustainably toward its 2% target. The Fed’s preferred inflation gauge, the core personal consumption expenditures price index, ticked higher in August after reaching the lowest rate in more than three years in June and July, while staying above the Fed’s target. The US labor market continued to soften but remained resilient; the unemployment rate edged lower in August after rising in July to the highest level since October 2021, job gains weakened in July but improved somewhat in August, and the US Bureau of Labor Statistics’ preliminary annual revision substantially reduced the job gains for the 12 months through March 2024. US gross domestic product expanded in 2024’s second quarter at a significantly faster annualized rate than in the prior quarter, driven largely by growth in consumer spending, inventory investment, and business investment. Quarterly Key Performance Drivers Equity Holdings Equity Sectors Fixed Income Holdings Fixed Income Sectors/Industries HELPED Lockheed Martin ( LMT ) Utilities US Treasuries (USTs) USTs NextEra Energy ( NEE ) Health Care CommScope Holding ( COMM ) Health Care Home Depot ( HD ) Industrials Community Health Systems ( CYH ) Information Technology (IT) HURT Chevron ( CVX ) Energy — — Intel ( INTC ) — — — Merck & Co. ( MRK ) — — — Click to enlarge The 10-year UST note’s yield decreased 62 bps during the quarter, reaching 3.78% by period-end. The strategy’s fixed income allocation decreased to roughly 56% of the portfolio by quarter-end and contributed to absolute returns. During the period, fixed income returns were driven by USTs, along with the health care and IT sectors. Within these respective sectors, returns were led by Community Health Systems and CommScope Holding. No fixed income sectors or individual issuers detracted meaningfully from the strategy’s absolute returns for the quarter. The strategy’s equity allocation increased to 41% of the portfolio by the end of the quarter. Stocks contributed to absolute returns, driven by the utilities, health care and industrials sectors. NextEra Energy added value within utilities, while Lockheed Martin contributed within industrials. Home Depot also assisted returns within the consumer discretionary sector. In contrast, the energy sector detracted from the strategy’s absolute returns. On an individual issuer basis, Chevron hindered returns within energy, while Intel detracted within IT. Merck & Co. also weakened returns within the health care sector. Outlook & Strategy Economy: The economic growth outlook has been a major area of focus for the fund, as central banks around the world have pivoted toward easing monetary policy after two years of aggressive tightening to combat elevated inflation. The US economy remains resilient, largely driven by strong consumer spending on both goods and services, and while the labor market has incrementally cooled, unemployment levels are still low on a historical basis. With inflation viewed as anchored and following signs of some labor market softening, the Fed announced a 50-bp rate cut at its September 2024 meeting, which has been a positive catalyst for markets and has improved investor sentiment. We continue to monitor financial conditions as a leading indicator of future economic performance and Fed policy. Equities: Following two years of narrow market breadth, we have started to see a broadening out of market leadership over the last quarter. While index level valuations are still elevated, opportunities are starting to present themselves below the index levels, which we feel favors active management. We have found select opportunities within the consumer discretionary, industrials and materials sectors. We remain selective in engaging with equities, given current valuations in some sectors, as markets digest the effects of monetary policy, the shape of the yield curve and geopolitical risks. As income-focused investors, our asset allocation mix is driven primarily by bottom-up security selection, with a focus on company fundamentals as opposed to the direction of the broader equity market. While the capital return story differs by sector, our holdings are focused on businesses that show an ability to support attractive dividend yields and grow them over time. Treasuries/Government-Backed Bonds: With the Fed starting an interest-rate cutting cycle, the front end of the yield curve has declined. The intermediate part of the yield curve has seen less volatility as the outlook for deficit spending, as well as longer-term economic growth and inflation expectations, has had an impact on the belly of the yield curve. Government securities continue to provide an attractive investment opportunity, in our view, as yields remain elevated based on recent history. We believe they continue to offer good diversification potential and can serve as a ballast to help hedge portfolios during market volatility. Investment-Grade Corporate Bonds: We retain a balanced view of the corporate investment-grade sector as the attractiveness of higher-quality assets has increased over the past 18 months. While absolute yield levels are still attractive for an income-generating strategy, credit spreads have contracted materially over the past year, which has marginally decreased the attractiveness of investment-grade corporate bonds, in our assessment. High-Yield Corporate Bonds: While the high-yield market offers attractive yields, we remain balanced and selective due to the potential for higher refinancing costs impacting companies’ fundamentals. The potential for growth deceleration necessitates a vigilant approach to security selection within our high-yield portfolio, so our preference continues to be companies that have a greater degree of flexibility to deal with upcoming maturities. Product Details 1 Inception Date 06/30/2019 Benchmark Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg High Yield Very Liquid Index + 25% Bloomberg US Aggregate Index S&P 500 Index Click to enlarge Performance Data 2,3 Average Annual Total Returns (USD %) 3 Mths YTD 1 Year 3 Years 5 Years Since Inception (06/30/2019) Franklin Income SMA - Pure GROSS 6.71 9.81 18.08 6.73 9.08 9.10 Franklin Income SMA - NET 5.94 7.42 14.68 3.63 5.91 5.94 Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg High Yield Very Liquid Index + 25% Bloomberg US Aggregate Index 7.39 11.22 19.84 5.22 5.95 6.18 S&P 500 Index 5.89 22.08 36.35 11.91 15.97 15.52 Click to enlarge Calendar Year Returns (USD %) 2023 2022 2021 2020 Franklin Income SMA - Pure GROSS 8.73 -4.33 18.62 9.01 Franklin Income SMA - NET 5.58 -7.14 15.21 5.85 Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg High Yield Very Liquid Index + 25% Bloomberg US Aggregate Index 8.28 -8.00 11.44 4.62 S&P 500 Index 26.29 -18.11 28.71 18.40 The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Please visit Mutual Funds | ETFs | Insights for the latest performance figures. Past performance is not a guarantee of future results. An investment in this strategy can lose value. Periods less than one year are not annualized. Performance results are for the Franklin Income SMA which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite’s investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or “true”) gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of “true” gross-of-fee returns for non-wrap accounts and “pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary. Click to enlarge Footnotes : 1. A composite is an aggregation of one or more portfolios into a single group that represents a particular investment objective or strategy. The composite return is the asset-weighted average of the performance results of all the fully discretionary portfolios in the composite. The composite return information provided herein includes the returns of Franklin Separately Managed Accounts, high-net- worth individual and institutional client portfolios and with respect to any periods prior to the inception of Franklin Separately Managed Accounts, reflects the performance of any such other portfolios. 2. Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg High Yield Very Liquid Index +25% Bloomberg US Aggregate Index is equivalent to Custom Franklin Income Strategy Benchmark. 3. Source for Index: FactSet. Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges. Important Information The information contained in this piece is not a complete analysis of every material fact regarding the market and any industry, sector, security or portfolio. Statements of fact cited by the manager have been obtained from sources considered reliable but no representation is made as to their completeness or accuracy. Because market and economic conditions are subject to rapid change, opinions provided are valid only as of the date of the material, and are subject to change without notice. The manager’s opinions are intended solely to provide insight into how the manager analyzes securities, may differ from that of other affiliated managers, and are not a recommendation or individual investment advice for any particular security, strategy or investment product. Any securities discussed may not represent an account’s entire portfolio and in the aggregate may represent a small percentage of an account’s portfolio holdings. There is no assurance that any such securities will remain in an account’s portfolio, or that securities sold have not been repurchased. It should not be assumed that any securities transactions discussed were or will prove to be profitable. The information provided should not be considered a recommendation to purchase, sell or hold any particular security. All indexes are unmanaged and cannot accommodate direct investment. Investors should review their investment objectives, risk tolerance and liquidity needs before choosing a manager. There is no guarantee that investment strategies will work under all market conditions, and investors should evaluate their ability to invest for the long term, especially during periods of market downturns. Past performance is not an indicator or guarantee of future performance. Franklin Separately Managed Accounts claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organisation, nor does it warrant the accuracy or quality of the content contained herein. Franklin (the “Firm”) is a global investment management group that manages equity, fixed income, balanced accounts, REIT funds, private funds, multi- asset strategies, fund-of-fund portfolios, risk premia strategies, ETFs, GCC fixed income and Sukuk strategies for institutional, retail, and sub-advised clients. For multi-asset strategies and fund-of-fund portfolios, the Firm may invest in various investment strategies advised by registered investment advisory entities within Franklin Resources, Inc. or unaffiliated investment managers. The Firm includes Franklin Templeton Investment Solutions which integrates Franklin Templeton Multi-Asset Solutions and QS Investors, Franklin Mutual Advisers, Franklin ETF and Franklin Venture Partners in addition to Franklin Equity Group, Franklin Templeton Fixed Income Group, and Templeton Global Macro. The Firm is comprised of individuals representing various registered investment advisories of Franklin Resources, Inc., a global investment organization operating as Franklin Templeton. Separately Managed Accounts (SMAS) are investment services provided by Franklin Templeton Private Portfolio Group, LLC (FTPPG), a federally registered investment advisor. Client portfolios are managed based on investment instructions or advice provided by affiliated subadvisors of Franklin Templeton. Management is implemented by FTPPG, the designated subadvisor or, in the case of certain programs, the program sponsor or its designee. Franklin Income SMA Composite consists of all fully discretionary portfolios with an investment objective that seeks to maximize income while maintaining prospects for capital appreciation. The composite may include wrap fee accounts that pay a fully bundled fee (which includes trading expenses, administrative, custodial and investment management fees charged together as a percentage of the portfolio’s assets) and non-wrap accounts that only pay an investment management fee to Franklin. The portfolio will invest in equity and fixed income securities and Completion Portfolios (no-fee mutual funds) sub-advised by Franklin Advisers, Inc. The Equity Completion Portfolio may include common and preferred stock, equity linked notes, non- USD equities, equity derivatives. Through the Equity Completion Portfolio, the funds may purchase or write option contracts in order to manage equity price risk and may also invest in equity-linked securities. Equity-linked securities are hybrid financial instruments that generally combine both debt and equity characteristics into a single note form. The Fixed Income Completion Portfolio may include high yield bonds, bank loans, mortgage and asset backed securities, non-USD bonds, fixed income derivatives. Through the Fixed Income Completion Portfolio, the fund may invest in high yield corporate bonds that are below investment grade (rated lower than BBB). The Custom Franklin Income Strategy Benchmark is equivalent to the Blended 50% MSCI USD High Dividend Yield Index + 25% Bloomberg US High Yield Very Liquid Index + 25% Bloomberg US Aggregate Index. The primary benchmark for the composite is a custom benchmark of 50% MSCI USA High Dividend Yield Index (USA High Div Yield) + 25% Bloomberg U.S. High Yield Very Liquid Index (High Yield Very Liquid) + 25% Bloomberg U.S. Aggregate Index (US Agg Index). The MSCI USA High Dividend Yield Index is designed to reflect the performance of mid- and large-cap equities (excluding REITs) with higher dividend income, which is sustainable and persistent, than average dividend yields of securities in the MSCI USA Index, its parent index. The Bloomberg U.S. High Yield Very Liquid Index is a component of the U.S. Corporate High Yield Index designed to track a more liquid component of the USD-denominated, high yield, fixed-rate corporate bond market. The Bloomberg U.S. Aggregate Index is a market value weighted fixed income index comprised of investment grade government, corporate, mortgage pass-through and asset-backed securities that are SEC registered, taxable, dollar denominated and fixed rate. The benchmark is rebalanced monthly. The secondary benchmark for the composite is the S&P 500 Index, which is a float-adjusted market capitalization weighted equity index comprised of securities of large cap U.S. companies. All investments involve risks, including possible loss of principal. The allocation of assets among different strategies, asset classes and investments may not prove beneficial or produce the desired results. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Dividends may fluctuate and are not guaranteed, and a company may reduce or eliminate its dividend at any time. Equity securities are subject to price fluctuation and possible loss of principal. Investments in equity-linked notes often have risks similar to their underlying securities, which could include management risk, market risk and, as applicable, foreign securities and currency risks. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Active management does not ensure gains or protect against market declines. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets . The investment style may become out of favor, which may have a negative impact on performance. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs. To obtain specific information on available products and services or a GIPS Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. Source: FactSet. MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI. Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges. CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute. Source: FactSet. Important data provider notices and terms available at www.franklintempletondatasources.com. These materials are being provided for illustrative and informational purposes only. The information contained herein is obtained from multiple sources that are believed to be reliable. However, such information has not been verified, and may be different from the information included in documents and materials created by the sponsor firm in whose investment program a client participates. Some sponsor firms may require that these materials be preceded or accompanied by investment profiles or other documents or materials prepared by such sponsor firms, which will be provided upon a client’s request. For additional information, documents and/or materials, please speak to your Financial Professional or contact your sponsor firm. Franklin Templeton (FT) is not undertaking to provide impartial advice. Nothing herein is intended to provide fiduciary advice. FT has a financial interest. Click to enlarge Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
The US market is shooting higher on Monday as Wall Street dances in celebration of President-elect Donald Trump’s choice for Treasury Secretary. The nominee, Scott Bessent, is a former investment officer at George Soros’ investment house and the principal at his own hedge fund over the past decade. Although it’s not really his purview at Treasury, it’s Congress’s, Bessent has come out swinging by saying that tax cuts are a priority for the new administration despite higher structural deficits. This type of deficit spending with increased deficits should spur higher economic growth alongside the possibility of increasing inflation. Additionally, he wants to increase drilling and reduce the trade deficit, pushing US economic growth to 3%. Another thing supporting the risk-on sentiment is that Israel is said to be close to a ceasefire deal with Hezbollah in Lebanon. The ) rose 0.7% at the time of writing, while the and tacked on 0.4% and 0.3% gains, respectively. With that said, here are three stocks for under $15 that show reason to expect further upside as we head into the Christmas season. Flagstar Financial is one stock you probably haven’t heard of. That’s because it was called up until two months ago. The bank ran into trouble after taking over the assets of Signature Bank, which went under during the banking crisis of March 2023. Here’s where the story touches on another of Trump’s Treasury Secretaries. Steve Mnuchin, Treasury Secretary during Trump’s first term, swooped in with his investment firm to gather $1 billion worth of capital to stabilize the bank and take over the firm’s board of directors, placing Flagstar on a new trajectory. Since then, Mnuchin has hired a number of new executives and begun exiting many of the bank’s bad commercial real estate loans. The new plan is to halt acquisitions (NYCB bought up entirely or some assets from at least 13 banks since 2000) and pivot toward commercial and industrial loans to safer borrowers with better credit profiles. The new strategy appears to be paying off. On Monday, Flagstar stock reached its highest price level since March 6, achieving an intraday high at the time of writing at $12.95. This is nearly 65% above the April 30 low, when the stock bottomed out this cycle. Current projections point to a book value above $18 per share, so it would appear likely that FLG stock rises another 40% to 50% over the next year as it becomes more certain that the bank has returned to health. Its tier-1 equity ratio already demonstrates that the bank is back on better footing, and it might not be so long until the board raises its dividend well above the current penny it is paying quarterly. What’s more, Flagstar stock has been trading within a rising price channel for most of the year. On Monday, shares of FLG stock finally broke out above the top trendline resistance, and it might not be long before the bank makes it back toward a choppy demand zone near $15 per share. Teladoc Health stock has suffered a terrible blow this year. Despite recent gains, shares of TDOC have slumped 43% year to date. Much of this has to do with competing with it in telehealth since the market knows that the tech behemoth can run the unit at a loss for decades in order to steal market share. Teladoc doesn’t have that option as the market has discounted its shares as its losses have continued. Teladoc took an extremely large write-down on the value of its Livongo acquisition during the pandemic stock rally, and revenue growth has largely subsided as management halted expensive customer acquisition efforts. However, Goldman Sachs initiated Teladoc as a Buy in mid-November as analyst David Roman argued that the telehealth leader stands to benefit from increasing memberships and growing revenue beginning in 2026. Roman attached a $14 price target to TDOC shares, which was then a 50% premium. TDOC stock has decided to start rallying in just the last few sessions, pushing the share price above $12 for the first time since May. Now holding above the 200-day Simple Moving Average (SMA) for the first time since August 2023, this might be the beginning of a long rally. WisdomTree Already up 77% this year, WisdomTree is a manager of exchange-traded funds, aka ETFs. Shares are now trading at a level not seen since 2018. The narrative largely revolves around gradually increasing revenue and the custodians venture into digital asset ETFs. WisdomTree is an investment manager akin to or , except it focuses wholly on ETFs and manages much less money. Currently, its entire ETF catalogue holds just $110 billion, while the BlackRock’s of the world manage trillions. However, as assets under management has steadily increased over the past two years, margins are growing more healthy. In 2024, full-year revenue is projected to rise more than 20% YoY, and net income is slated to rise more than 50% in that period. Many expect WisdomTree to continue to see share price gains as its retail-focused app allows its customers to freely purchase digital assets alongside many equity funds.
Dell Technologies Declares Quarterly Cash DividendWEST PALM BEACH, Fla. (AP) — President-elect said Wednesday that he has chosen Keith Kellogg, a highly decorated retired three-star general, to serve as his special envoy for Ukraine and Russia. Kellogg, who is one of the architects of a staunchly conservative policy book that lays out an for the incoming administration, will come into the role as Russia’s invasion of Ukraine enters its third year in February. Trump made the announcement on his Truth Social account, and said “He was with me right from the beginning! Together, we will secure PEACE THROUGH STRENGTH, and Make America, and the World, SAFE AGAIN!” Kellogg, an 80 year-old retired Army lieutenant general who has long been Trump’s top adviser on defense issues, served as national security adviser to Vice President , was chief of staff of the National Security Council and then stepped in as an acting security adviser for Trump after resigned. As special envoy for Ukraine and Russia, Kellogg will have to navigate an increasingly untenable war between the two nations. The administration has begun urging Ukraine to and revamping its mobilization laws to allow for the conscription of troops as young as 18. The White House has pushed more than $56 billion in security assistance to Ukraine since the start of Russia’s February 2022 invasion and expects to send billions more to Kyiv before Biden leaves office in less than months. Trump has criticized the billions that the Biden administration has poured into Ukraine. Washington has recently stepped up weapons shipments and has forgiven billions in loans provided to Kyiv. The incoming Republican president has said he could end the war in 24 hours, comments that appear to suggest he would press Ukraine to surrender territory that Russia now occupies. As a co-chairman of the American First Policy Institute’s Center for American Security, Kellogg wrote several of the chapters in the group’s policy book. The book, like the Heritage Foundation’s “Project 2025,” is a move to lay out a Trump national security agenda and avoid the mistakes of 2016 when he entered the White House largely unprepared. Kellogg in April wrote that “bringing the Russia-Ukraine war to a close will require strong, America First leadership to deliver a peace deal and immediately end the hostilities between the two warring parties.” Related Articles Trump’s U.S. Rep. Michael Waltz (R-Fla.) tweeted Wednesday that “Keith has dedicated his life to defending our great country and is committed to bringing the war in Ukraine to a peaceful resolution.” Kellogg was a character in multiple Trump investigations dating to his first term. He was among the administration officials who listened in on the July 2019 call between Trump and in which Trump prodded his Ukrainian counterpart to pursue investigations into the Bidens. The call, which Kellogg would later say did not raise any concerns on his end, was at the center of the first of two House impeachment cases against Trump, who was acquitted by the Senate both times. On Jan. 6, 2021, hours before pro-Trump rioters stormed the U.S. Capitol, Kellogg, who was then Pence’s national security adviser, listened in on a heated call in which Trump told his vice president to object or delay the certification in Congress of President ’s victory. He later told House investigators that he recalled Trump saying to Pence words to the effect of: “You’re not tough enough to make the call.”
Trump selects longtime adviser Keith Kellogg as special envoy for Ukraine and Russia
Key Medical Aesthetics Market Trend 2024-2033: Robotic-Assisted Surgery Adoption
Harris dismisses ‘project fear’ approach to Sinn FeinIn a move to enhance financial inclusion and revolutionise the digital payment landscape in Nigeria, the United Bank for Africa, on behalf of the Nigeria Inter-Bank Settlement System, alongside several other banks and financial institutions, has successfully hosted the inaugural Annual General Meeting of the NQR Industry Committee. In a statement, the lender said the collaboration aimed to provide a seamless, secure, and efficient payment solution for Nigerians, reinforcing the nation’s push towards a more inclusive and digital economy. According to the statement, the NQR (Quick Response) payment solution, a cutting-edge innovation, is designed to simplify the payment process for consumers and businesses alike, offering a secure and user-friendly experience. “Additionally, it allows consumers to make transactions by scanning QR codes directly from their bank mobile applications, catering to a wide array of use cases such as retail payments, transportation, utility bills, and small business operations. This move is set to expand access to digital payments, especially for underserved communities, while ensuring convenience and reducing transaction costs for merchants,” it added. Related News High interest rates can pressure banks’ asset quality – Analysts Banks, others raised N2.7tn from capital market in 11 months — SEC CBN warns banks against cash hoarding, diversion The Group Head of Retail and Digital Banking at UBA, Shamsideen Fashola, emphasised the importance of collaboration and innovation in driving payment solutions that meet the evolving needs of Nigerian consumers, noting that UBA’s commitment to advancing cutting-edge payment technologies will enable Nigerians to embrace a digital-first economy. The bank added that besides improving accessibility, the NQR payment solution also offered merchants instant value for transactions, enhancing cash flow and operational efficiency. It stated that it is particularly beneficial for small and medium-sized enterprises, which now have access to affordable, secure, and scalable digital payment solutions. It noted that as part of the broader agenda to promote financial inclusion, the NIBSS Quick Response payment platform is expected to play a role in Nigeria’s evolving digital payments ecosystem.None
CIBR: A Decent Cybersecurity ETF, But Here's A Better StrategyIceland votes for a new parliament amid disagreements on immigration, energy policy and the economy
Report: Chargers expect WR Ladd McConkey, LB Khalil Mack to play vs. RavensA number of prominent pundits, including former City defender and club ambassador Micah Richards, have questioned why the Belgium international has not been starting games amid the champions’ dramatic slump. City have not won in seven outings in all competitions – their worst run since 2008 – with De Bruyne featuring only as a substitute in the last five of those matches after recovering from a pelvic injury. The latest came with a 12-minute run-out in Sunday’s demoralising 2-0 defeat at Premier League leaders Liverpool, a result which left City 11 points off the pace and fifth in the table. Richards said on The Rest is Football podcast it appeared “there’s some sort of rift going on” between De Bruyne and Guardiola while former England striker Gary Lineker added: “It seems like all’s not well.” Former Liverpool defender Jamie Carragher said he felt “something isn’t right” and fellow Sky Sports analyst Gary Neville, the ex-Manchester United right-back, described the situation as “unusual, bizarre, strange”. Guardiola, speaking at a press conference to preview his side’s clash with Nottingham Forest, responded on Tuesday. The Spaniard said: “People say I’ve got a problem with Kevin. Do you think I like to not play with Kevin? No, I don’t want Kevin to play? “The guy who has the most talent in the final third, I don’t want it? I have a personal problem with him after nine years together? “He’s delivered to me the biggest success to this club, but he’s been five months injured (last season) and two months injured (this year). “He’s 33 years old. He needs time to find his best, like last season, step by step. He’ll try to do it and feel better. I’m desperate to have his best.” De Bruyne has not started since being forced off at half-time of City’s Champions League clash with Inter Milan on September 18, having picked up an injury in the previous game. Both the player and manager have spoken since of the pain he was in and the need to ease back into action, but his spell on the bench has been unexpectedly long. The resulting speculation has then been exacerbated because De Bruyne is in the final year of his contract but Guardiola maintains nothing untoward has occurred. He said: “I’d love to have the Kevin in his prime, 26 or 27. He would love it to – but he is not 26 or 27 any more. “He had injuries in the past, important and long ones. He is a guy who needs to be physically fit for his space and energy. You think I’m complaining? It’s normal, it’s nature. “He’s played in 10 or 11 seasons a lot of games and I know he is desperate to help us. He gives glimpses of brilliance that only he can have. “But, always I said, he himself will not solve our problems, like Erling (Haaland) won’t solve it himself. We attack and defend together. “We want the best players back. Hopefully step by step the confidence will come back and we’ll get the best of all of us.”
Pep Guardiola denies rumours of a rift with Kevin De BruyneBy Suzanne McGee (Reuters) - Three separate asset management firms launched exchange-traded funds on Tuesday, unveiling products focused on securitized debt, the artificial intelligence industry and Ozempic-maker Novo Nordisk in the closing weeks of a year that has seen a deluge of new funds. New ETF offerings have exploded in 2024, as investors sought ways to participate in the soaring U.S. stock market. Year-to-date inflows for U.S.-listed ETFs are poised to cross the $1 trillion mark this week for the first time ever. As of late November, a record 612 ETFs had launched, compared to 480 last year, according to State Street Global Advisors. The latest include the BondBloxx Private Credit CLO ETF, which will give financial advisors and others access to private CLOs, or collateralized loan obligations, issued by middle-market corporations. CLOs are pools of leveraged loans, structured as one actively managed security. They have become a major source of funding for non-investment grade companies seeking debt financing. More broadly, lending to companies by institutions other than banks, known as private credit, has grown rapidly in recent years as stricter regulations made it more expensive for traditional lenders to finance riskier loans. On Tuesday, BlackRock said it will buy private credit firm HPS Investment Partners for about $12 billion in an all-stock deal, as the world's largest asset manager seeks to expand in the red-hot market. Another launch, the VistaShares Artificial Intelligence Supercycle ETF, will seek to invest in companies building data centers and semiconductors for the AI industry. Its largest position is in Vertiv Holdings Co., which designs and builds data center infrastructure and has seen its shares soar nearly 170% this year. The ETF is the first product from VistaShares, a new asset management firm headed by Jon McNeill, former president of Tesla and Adam Patti, former CEO of IndexIQ, an alternative assets investment firm later acquired by New York Life. Meanwhile, Defiance ETFs is offering investors the first chance to get leveraged exposure to pharmaceutical giant Novo Nordisk via its new Defiance Daily Target 2x Long NVO ETF. The product is designed to deliver double the daily price movement in Novo Nordisk, whose shares have gyrated this year amid publicity for its diabetes and weight loss drug, Ozempic. "As with any new product, it remains to be seen if there will be broad enough adoption to keep any of these new products alive over the longer haul in a competitive market," said Todd Rosenbluth, head of ETF research at VettaFi, a New York-based market analysis firm. (Reporting by Suzanne McGee; Editing by Ira Iosebashvili and David Gregorio)