champpixs BofA's equity team looked at stocks where long-only funds are most underweight. The S&P 500 ( SPY ) ( IVV ) ( VOO ) where long-only funds are most broadly underweight are: Sector Company (Ticker) Rel Wt % of Funds Owning Communication Services News Corporation Class B ( NWS ) 0.00 0.8% Consumer Discretionary Hasbro, Inc. ( HAS ) 0.19 2.2% Consumer Staples Hormel Foods Corporation ( HRL )...
champpixs BofA's equity team looked at stocks where long-only funds are most underweight. The S&P 500 ( SPY ) ( IVV ) ( VOO ) where long-only funds are most broadly underweight are: Sector Company (Ticker) Rel Wt % of Funds Owning Communication Services News Corporation Class B ( NWS ) 0.00 0.8% Consumer Discretionary Hasbro, Inc. ( HAS ) 0.19 2.2% Consumer Staples Hormel Foods Corporation ( HRL ) 0.01 1.7% Energy Kinder Morgan Inc Class P ( KMI ) 0.04 2.8% Financials Principal Financial Group, Inc. ( PFG ) 0.01 2.2% Health Care Bio-Techne Corporation ( TECH ) 0.03 1.9% Industrials Generac Holdings Inc. ( GNRC ) 0.10 2.8% Information Technology Gen Digital Inc. ( GEN ) 0.01 2.5% Materials Amcor PLC ( AMCR ) 0.00 0.8% Real Estate Realty Income Corporation ( O ) 0.00 1.9% Utilities Eversource Energy ( ES ) 0.04 3.3% Click to enlarge More on the markets Iran And Oil Spark An Explosive Month How Reserve Management Purchases Have Eased Money Market Rates Implications From Japan's March Rate Decision Most crowded stocks in long-only funds by sector Lawmakers react as Trump signals Iran escalation
winhorse/iStock Unreleased via Getty Images Overview Rakuten Group ( RKUNY ) is a Japan-based global internet conglomerate whose primary positioning is the creation of the internet ecosystem consisting of over 70 services which includes online retail, travel, credit cards, banking, securities, and mobile. This business model has a significant impact in terms of having a unified user id system and ...
winhorse/iStock Unreleased via Getty Images Overview Rakuten Group ( RKUNY ) is a Japan-based global internet conglomerate whose primary positioning is the creation of the internet ecosystem consisting of over 70 services which includes online retail, travel, credit cards, banking, securities, and mobile. This business model has a significant impact in terms of having a unified user id system and more cross-selling opportunities which leads to a higher customer lifetime value. The list of companies are given below for each of the spaces. Rakuten Group Businesses (Rakuten Group Annual Report) The Fintech segment serves as the primary profit engine for Rakuten Group while the Internet Services drives user growth and the mobile business acts as the long-term customer acquisition platform and data generation. By leveraging data, AI, and cross-platform synergies, Rakuten aims to create a self-reinforcing digital ecosystem that enhances user retention, monetization, and long-term growth. What acts as a key tailwind for Rakuten’s business is the ecosystem model ensures that consumer stickiness remains high as shifting away from Rakuten implies looking at not one but multiple such substitutes for each of the services procured under Rakuten. The figure below shows the three major business segments that Rakuten officially reports and the proportion of sales that they take up along with their revenue growth. The mobile segment takes up the smallest proportion of sales, but it is also delivering strong growth in terms of sales while the highest sales growth is coming from FinTech. Segment-wise Revenue Breakdown (Rakuten Financials) Rakuten’s segments are not just diversified—they are strategically interdependent. The mobile segment is utilized for the purpose of ecosystem expansion and future growth, internet services is used for user acquisition and engagement and the fintech segment is used as the profit machine. Therefore, Rakuten’s FinTech business is essentially subsidizin...
Gorkem Yorulmaz/E+ via Getty Images The SPDR S&P Metals & Mining ETF ( XME ) is a high conviction vehicle for the growing importance of the metals industry, providing equal weight exposure to domestic producers that are driving America’s industrial and technological revolution. XME has evolved from a traditional cyclical investment and has become a strategic investment in artificial intelligence i...
Gorkem Yorulmaz/E+ via Getty Images The SPDR S&P Metals & Mining ETF ( XME ) is a high conviction vehicle for the growing importance of the metals industry, providing equal weight exposure to domestic producers that are driving America’s industrial and technological revolution. XME has evolved from a traditional cyclical investment and has become a strategic investment in artificial intelligence infrastructure, benefiting from a structural tailwind of record copper demand for infrastructure and uranium for base load power generation. With the support of the "One Big Beautiful Bill Act" and the $10 billion "Project Vault" mineral stockpile program, XME has become a vehicle with significant regulatory tailwinds. With its unique blend of domestic steel, coal, and critical minerals, XME is at the nexus of national security and next-gen compute. Data by YCharts We will give our overview of the fund, compare it to peer funds and discuss the ongoing short and long term catalysts for the fund, as well as valuation and potential risks. Let’s go. The Fund The SPDR S&P Metals & Mining ETF ( XME ) main goal is to provide investors an exposure to a variety of metals and mining companies, consisting of subindustries such as aluminium, coal, copper, gold, silver, steel. We’ll talk about the prospects of some of these anchor metals and the industry as a whole in a short while, let’s focus on the fund for now. The ETF seeks to replicate the performance, before fees and expenses of the S&P® Metals and Mining Select Industry® Index. The weighting is modified equal weighted, preventing significant concentration and providing exposure to large, mid and small cap companies alike. On that matter, the weighted average market cap of a company in the fund is $16.1 billion, the total number of holdings in the index is 37. The companies must be US based. You can check in details the fund and index criteria here . We’ll focus on some key fund characteristics using the Seeking Alpha grading syst...
Rasi Bhadramani/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify Oil prices jump as Trump threatens to hit Iran ‘extremely hard.’ (00:16) Sleep Number ( SNBR ) seeks rescue financing to avoid bankruptcy -- report. (01:25) Sam's Club ( WMT ) raises its annual membership fees - matches BJ's ( BJ ), still lower than Costco ( COST ). (02:09) This is an abridged transcri...
Rasi Bhadramani/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify Oil prices jump as Trump threatens to hit Iran ‘extremely hard.’ (00:16) Sleep Number ( SNBR ) seeks rescue financing to avoid bankruptcy -- report. (01:25) Sam's Club ( WMT ) raises its annual membership fees - matches BJ's ( BJ ), still lower than Costco ( COST ). (02:09) This is an abridged transcript. Oil prices are up again after President Trump said the country will strike Iran “extremely hard” over the next two to three weeks. Oil prices had been down for the last two days as hopes of a potential de-escalation rose after Trump hinted at ending the conflict soon. As of the time of this recording, crude futures ( CL1:COM ) are up 7% to $107 a barrel, and Brent crude futures ( CO1:COM ) are up 7.3% to $108 per barrel. In a rare prime-time address on Wednesday, Trump portrayed the Iran war as nearing success, saying U.S. forces had largely achieved their objectives, including crippling Iran’s missile capabilities and degrading its air force, navy, and industrial base. He said the campaign would weaken Tehran’s proxies and block its path to nuclear weapons. Trump signaled a potential escalation in military action, saying the U.S. could intensify strikes over the next two to three weeks and warning Iran would be pushed “back to the stone ages.” At the same time, he left the door open to diplomacy, saying talks are ongoing. Sleep Number ( SNBR ) is down 21% in premarket action. The company is seeking rescue financing to prevent bankruptcy. In its annual report filed with the Securities and Exchange Commission last month, the company warned that it had “substantial doubt” it could continue as a going concern due to “high debt, weak sales, and expected financial covenant breaches.” In its most recent quarterly results, the mattress manufacturer reported an 8% decline in fourth-quarter sales and a $32M drop in gross profit due to a $9.6M inventory obsolescence charge. Over ...