(RTTNews) - Indian shares are seen opening lower on Monday as investors keep a close eye on the latest developments in the Middle East and oil price movements.
(RTTNews) - Indian shares are seen opening lower on Monday as investors keep a close eye on the latest developments in the Middle East and oil price movements.
beckariuz/E+ via Getty Images Investment Thesis I last reviewed the Pacer US Cash Cows 100 ETF ( COWZ ) on October 31, 2025, when I rated it a "hold" after noting several fundamental deficiencies relative to its main competitor, the VictoryShares Free Cash Flow ETF ( VFLO ). While COWZ is still trailing VFLO since the latter's launch in June 2023, it has outperformed by about 3.5% since my article...
beckariuz/E+ via Getty Images Investment Thesis I last reviewed the Pacer US Cash Cows 100 ETF ( COWZ ) on October 31, 2025, when I rated it a "hold" after noting several fundamental deficiencies relative to its main competitor, the VictoryShares Free Cash Flow ETF ( VFLO ). While COWZ is still trailing VFLO since the latter's launch in June 2023, it has outperformed by about 3.5% since my article was published. For that reason, I wanted to see if anything has changed behind the scenes, which wouldn't be unusual, given COWZ is known for its extremely high portfolio turnover rates. Morningstar My take is that although both have extremely strong value and free cash flow characteristics, COWZ has outperformed mainly due to 11% less tech sector exposure. COWZ also slightly overweights Energy, and given that WTI crude oil prices are back above $100 per barrel, I wouldn't be surprised to see COWZ lean on that sector in future rebalances. That mix could lead to the kinds of strong returns COWZ realized four years ago, so while I still don't find its backward-looking selection process appealing, it is an interesting and unique satellite play that earns it a solid "hold" rating. I look forward to explaining why in further detail below, and as always, I welcome your questions in the comments section afterward. COWZ: Understanding The Strategy COWZ has a 0.49% expense ratio, $18B in assets, and tracks the in-house Pacer US Cash Cows 100 Index, aiming to hold high free cash flow large/mid-cap stocks trading at attractive valuations. Pacer does a nice job explaining the strategy on its website. As shown below, the process starts with the Russell 1000 Index, narrows down the selection universe to the top 400 based on free float market capitalization, and then removes all companies in the Financials sector as well as those with negative consensus estimated earnings or free cash flow for the next two years. Pacer then selects the top 100 based on free cash flow yield (free cash flo...
Beijing HyperStrong Technology Co. , one of China’s top suppliers of energy-storage systems, expects to more than double shipments this year on robust demand at home and abroad. Total deliveries are projected to reach 70 gigawatt-hours in 2026, up from 26 gigawatt-hours last year, the company’s chairman and chief executive officer, Jianhui Zhang, said in an interview late last week. “This includes...
Beijing HyperStrong Technology Co. , one of China’s top suppliers of energy-storage systems, expects to more than double shipments this year on robust demand at home and abroad. Total deliveries are projected to reach 70 gigawatt-hours in 2026, up from 26 gigawatt-hours last year, the company’s chairman and chief executive officer, Jianhui Zhang, said in an interview late last week. “This includes 60 gigawatt-hours coming from the domestic market, and 10 gigawatt-hours from overseas demand,” he said. China’s energy-storage market, already the world’s largest, has grown exponentially over the past five years as the government pushes to build more of the projects needed to ensure grid stability and integrate intermittent renewable-power sources such as solar and wind. Read More: America’s AI Ambition Relies on China’s Electrical Supply Chain Computing centers to power the AI boom will be a key driver of future demand, said Zhang, particularly due to government requirements that most of the power for these facilities must come from green power sources. “A large number of those projects will require energy storage to provide support,” he said. The same trend also applies to overseas markets, especially in North America, Zhang said. European orders, meanwhile, are driven primarily by upgrades to the power grid, he added. “After three years of overseas expansion of our business, we are now seeing rapid growth in orders from Europe and North America,” Zhang said. “This will play a significant role in driving our overall development this year.”
mladn61/E+ via Getty Images Last fall, I double upgraded Archer Aviation Inc. ( ACHR ) from a sell to a buy rating. Needless to say, that bullish call hasn't played out at all like I envisioned. Back then, commercialization seemed near, and since the valuation was attractive, I believed that takeoff for the stock was imminent. Just very recently, I initiated their rival Joby Aviation ( JOBY ) at a...
mladn61/E+ via Getty Images Last fall, I double upgraded Archer Aviation Inc. ( ACHR ) from a sell to a buy rating. Needless to say, that bullish call hasn't played out at all like I envisioned. Back then, commercialization seemed near, and since the valuation was attractive, I believed that takeoff for the stock was imminent. Just very recently, I initiated their rival Joby Aviation ( JOBY ) at a buy rating , and so today I have decided to give an update for Archer. The company reported their latest results back in March, and so today, I'll be going through those numbers and also some recent developments. Seeking Alpha Below, it is shown that the company continues to progress towards commercialization. After hitting a certification milestone, the company is targeting flights this year in the U.S. and the UAE. While there are some risks like dilution and lawsuits, the company's international expansion and push into the defense sector make the overall outlook bright. With the valuation now at dirt cheap levels and far below the multiyear median, I have decided to reiterate my buy rating on Archer. Certification Milestone As stated in my recent Joby article, the regulatory environment is a significant hurdle for the eVTOL industry in general. For Archer, they have made rather quick progress and have hit a major milestone. In their shareholder letter , Founder & CEO Adam Goldstein wrote This quarter, we reached a key milestone: the FAA confirmed its final acceptance of 100% of the 797 Means of Compliance for our Midnight aircraft. I believe this makes us the first to achieve this milestone with the FAA. Being the first to get to this milestone could help them to achieve commercialization at a quicker pace, and of course, being the first mover definitely has its advantages. It should be noted that this was far from being luck. Goldstein goes on to say that they designed Midnight to be "as close to a Part 23 airplane as possible" and that they "chose not to reinvent what...
Perhaps my work is still about my healing – remembering the sacred fragility, the passing nature, the end date in sight As a celebrant, I start my weddings and funerals with the same words: “Everyone, we are about to get started, so can you please make sure your phones are off or on silent.” I introduce myself, express my great privilege in sharing this moment with the people gathered and always m...
Perhaps my work is still about my healing – remembering the sacred fragility, the passing nature, the end date in sight As a celebrant, I start my weddings and funerals with the same words: “Everyone, we are about to get started, so can you please make sure your phones are off or on silent.” I introduce myself, express my great privilege in sharing this moment with the people gathered and always make sure I have tissues on hand. Wedding dresses don’t have pockets and you’d be surprised how many people come to a funeral not expecting to cry. Jackie Bailey is the author of The Eulogy, the winner of the 2023 NSW Premier’s literary multicultural award. When not writing, she works as a funeral celebrant and pastoral care practitioner, helping families navigate death and dying Continue reading...
Key PointsShares of UiPath have suffered as investors rethink the value of artificial intelligence, but this company’s solutions serve a proven, marketable purpose.
Key PointsShares of UiPath have suffered as investors rethink the value of artificial intelligence, but this company’s solutions serve a proven, marketable purpose.
poco_bw/iStock via Getty Images Shares of gold mining companies have been on a wild ride already in 2026. The VanEck Gold Miners ETF ( GDX ) has returned 108% YoY, outperforming the S&P 500 by more than 80 percentage points. It has more than doubled gold’s return. YTD, GDX sports a 10.3% gain, dividends included. Still, the volatile fund is about 20% off its February all-time high. Rising real int...
poco_bw/iStock via Getty Images Shares of gold mining companies have been on a wild ride already in 2026. The VanEck Gold Miners ETF ( GDX ) has returned 108% YoY, outperforming the S&P 500 by more than 80 percentage points. It has more than doubled gold’s return. YTD, GDX sports a 10.3% gain, dividends included. Still, the volatile fund is about 20% off its February all-time high. Rising real interest rates have weighed, along with money possibly moving from precious metals to energy commodities amid the war in Iran. Still, Goldman Sachs recently reiterated that it expects gold to reach $5400 per ounce by year-end 2026. Likewise, I reiterate a buy rating on GDX. While new risks appear—such as higher energy prices—GDX’s valuation is appealing, while the technical situation points to some support on the chart. I was bullish on GDX in January . GDX Correction, Outperforming the S&P 500 & Gold YoY StockCharts.com Rising Real Yields Stinging Gold The Daily Shot Goldman Sticks With Its Gold Price Target Goldman Sachs According to the issuer , GDX seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index, which intends to track the overall performance of companies involved in the gold mining industry. VanEck states that gold miners have historically provided leveraged exposure to gold prices, and the fund owns the largest global gold mining firms. GDX is a large ETF with $29 billion in assets under management as of April 3, 2026. That’s up from $26 billion at the time of my previous analysis. Shares are up 8% since then, outperforming the S&P 500 by 12 percentage points. GDX’s annual expense ratio is moderate at 51 basis points, while its trailing 12-month dividend yield is low at just 0.67%. Share-price momentum is rated well by Seeking Alpha’s quantitative scoring system, but I’ll call out later that the technical situation shows some signs of exhaustion. From a risk perspective , GDX has a ve...
Jonas Hanacek/iStock via Getty Images It is my expectation that the Goldman Sachs Hedge Industry VIP ETF ( GVIP ) will underperform the iShares Core S&P 500 ETF ( IVV ) this year, as its 13F filings-focused strategy has a natural lag that will likely hinder it from both reducing the downside and capturing sufficient upside. More specifically, what feeds my skepticism is that GVIP has a history of ...
Jonas Hanacek/iStock via Getty Images It is my expectation that the Goldman Sachs Hedge Industry VIP ETF ( GVIP ) will underperform the iShares Core S&P 500 ETF ( IVV ) this year, as its 13F filings-focused strategy has a natural lag that will likely hinder it from both reducing the downside and capturing sufficient upside. More specifically, what feeds my skepticism is that GVIP has a history of poor performance during stressful periods, with the examples being the 2018 trade war, the pandemic, the 2022 bear market, and the April 2025 tariff drama. And I attribute its weakness during all these episodes to the strategy lag. We also already see signs that GVIP is doing worse than IVV during the Iran war, though the recent rebound has helped to trim the YTD loss a bit. Data by YCharts That is to say, I have been neutral on GVIP consistently since 2024, citing "weighting and timing issues" of its strategy, and I remain mildly skeptical about it today, maintaining a Hold rating. GVIP Strategy and Portfolio Let us start with a quick review of GVIP's strategy. In essence, as I have already explained in the previous articles, it is supposed to offer exposure to hedge-fund darlings selected from the Form 13F filings. More specifically, as we know from its website , the ETF ...seeks to track the GS Hedge Fund VIP Index, which is constructed in accordance with a rules-based methodology derived from concepts previously developed by Goldman Sachs’ Global Investment Research division. The Index consists of fundamentally driven hedge fund managers’ “Very-Important-Positions,” which appear most frequently among their top 10 long equity holdings. Form 13F filings are released by institutional investment managers every quarter. As explained in the GVIP summary prospectus: Hedge fund managers report their U.S. equity holdings, which are made public 45 days after the end of each calendar quarter. The Index is normally reconstituted and rebalanced on a quarterly basis once the informat...