Latest news with #Russell1000Index
Bloomberg
2 days ago
- Business
- Bloomberg
AST SpaceMobile Eyes Record High Ahead of Russell 1000 Inclusion
A triple-digit rally in AST SpaceMobile Inc. this month shows no signs of stopping as it prepares to join the Russell 1000 Index after Friday's market close, potentially unlocking new demand from passive investors. Shares of the Midland, Texas-based satellite manufacturer have soared 119% in June as of Thursday's close, lifting their year-to-date rally to 140% on investor enthusiasm over the firm's ambitious push to deliver broadband directly to smartphones. The eight-year-old company has yet to turn a profit, but the market is betting on future returns.
Business Insider
3 days ago
- Business
- Business Insider
Palantir Stock's (PLTR) Explosive 500% Rally Puts Russell 1000 in Sight
Palantir Technologies (PLTR) has been on a staggering run, with its stock climbing nearly 500% in the last 12 months. This rally is positioning the AI-driven software company for potential inclusion in the prestigious Russell 1000 Index. As index rebalancing approaches, Wall Street is watching closely to see if Palantir's soaring market cap is enough to secure a spot among America's largest publicly traded companies. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter For context, FTSE Russell updates the companies in its indexes annually, including the Russell 2000, which tracks small-cap stocks, and the Russell 1000, which includes large-cap companies, to reflect changes in their market value. It's updated annually in June based on rankings from May. Why It Matters For Palantir, the inclusion can boost visibility and attract passive fund inflows from index-tracking ETFs and institutions. Additionally, the shift from a mid-cap to a large-cap index may enhance its reputation. Meanwhile, this move would leave a gap in the mid-cap tech space. According to Jefferies, the tech sector's weight in the mid-cap growth index could fall by more than 11% as a result. They also expect Palantir to face short-term selling pressure from passive funds during the index rebalancing. The annual index reshuffle is scheduled for this Friday and is expected to trigger a surge in trading near the market close. That's because fund managers need to buy and sell stocks to match the updated index weights and membership, ensuring their portfolios stay aligned with the new structure. Is PLTR a Good Stock to Buy? Palantir continues to strengthen its position as a key defense technology partner, with the majority of its revenue coming from U.S. government contracts, particularly those with the Department of Defense. However, its sky-high valuation, trading at a forward P/E of 246 versus the sector median of 23.43, raises concerns about whether the growth justifies the price. Nonetheless, investors appear willing to look past Palantir's steep valuation due to its strong foothold in the rapidly expanding AI sector. There's continued belief in the company's potential to translate its advanced AI tools into practical solutions for both government and commercial clients. Simply put, the surge in PLTR stock seems fueled more by the excitement around AI than by traditional valuation metrics. What Is the Target Price for PLTR? Overall, Wall Street has a Hold consensus rating on PLTR stock, based on three Buys, 10 Holds, and four Sells assigned in the last three months. The average Palantir share price target is $104.27, which implies a potential downside of 27% from current levels.
Yahoo
17-06-2025
- Business
- Yahoo
AST SpaceMobile price target raised to $44 from $36 at B. Riley
B. Riley raised the firm's price target on AST SpaceMobile (ASTS) to $44 from $36 and keeps a Buy rating on the shares. The company is gaining valuable L-band spectrum, the analyst tells investors in a research note. The firm says the company reached a comprehensive agreement with Ligado and other parties to settle litigation and enable a consensual restructuring where AST will gain access to 45 MHz of lower mid-band spectrum controlled by Ligado and Viasat (VSAT) subsidiary Inmarsat. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on ASTS: Disclaimer & DisclosureReport an Issue Royal Caribbean, Sunrun, Quantum, ON, AST: Insider Sales Surge! AST SpaceMobile reports settlement term sheet for lower mid-band spectrum access Bullish flow in AST SpaceMobile with shares up 2.11% AST SpaceMobile Stock (ASTS) Rallies Alongside Surging Demand for Satellite Internet AST SpaceMobile to join Russell 1000 Index Sign in to access your portfolio
Yahoo
13-06-2025
- Business
- Yahoo
Is First Trust Health Care AlphaDEX ETF (FXH) a Strong ETF Right Now?
The First Trust Health Care AlphaDEX ETF (FXH) made its debut on 05/08/2007, and is a smart beta exchange traded fund that provides broad exposure to the Health Care ETFs category of the market. For a long time now, the ETF industry has been flooded with products based on market capitalization weighted indexes, which are designed to represent the broader market or a particular market segment. Market cap weighted indexes work great for investors who believe in market efficiency. They provide a low-cost, convenient and transparent way of replicating market returns. However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta. Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance. Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results. Because the fund has amassed over $916.26 million, this makes it one of the larger ETFs in the Health Care ETFs. FXH is managed by First Trust Advisors. Before fees and expenses, FXH seeks to match the performance of the StrataQuant Health Care Index. The StrataQuant Health Care Index employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index. Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same. With on par with most peer products in the space, this ETF has annual operating expenses of 0.60%. It's 12-month trailing dividend yield comes in at 0.38%. It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis. This ETF has heaviest allocation in the Healthcare sector - about 100% of the portfolio. When you look at individual holdings, Tenet Healthcare Corporation (THC) accounts for about 2.51% of the fund's total assets, followed by Cardinal Health, Inc. (CAH) and Penumbra, Inc. (PEN). FXH's top 10 holdings account for about 23.4% of its total assets under management. The ETF has lost about -1.12% so far this year and is down about -2.11% in the last one year (as of 06/13/2025). In the past 52-week period, it has traded between $93.63 and $113.83. FXH has a beta of 0.75 and standard deviation of 16.10% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 77 holdings, it effectively diversifies company-specific risk. First Trust Health Care AlphaDEX ETF is a reasonable option for investors seeking to outperform the Health Care ETFs segment of the market. However, there are other ETFs in the space which investors could consider. Vanguard Health Care ETF (VHT) tracks MSCI US Investable Market Health Care 25/50 Index and the Health Care Select Sector SPDR ETF (XLV) tracks Health Care Select Sector Index. Vanguard Health Care ETF has $15.50 billion in assets, Health Care Select Sector SPDR ETF has $35.07 billion. VHT has an expense ratio of 0.09% and XLV charges 0.08%. Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Health Care ETFs. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Trust Health Care AlphaDEX ETF (FXH): ETF Research Reports Cardinal Health, Inc. (CAH) : Free Stock Analysis Report Tenet Healthcare Corporation (THC) : Free Stock Analysis Report Health Care Select Sector SPDR ETF (XLV): ETF Research Reports Vanguard Health Care ETF (VHT): ETF Research Reports Penumbra, Inc. (PEN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
12-06-2025
- Business
- Associated Press
CACI Continues to Deliver Effective Mission Support to U.S. Africa Command
RESTON, Va.--(BUSINESS WIRE)--Jun 12, 2025-- CACI International Inc ( NYSE: CACI ) announced today that it has been awarded a seven-year task order, which includes one base period, plus six option periods, with an estimated ceiling of $437 million for support to U.S. Africa Command's (USAFRICOM) mission. 'CACI's experienced, flexible, and responsive global workforce understands Africa's complex security landscape. We leverage the most innovative technologies and on-the-ground capabilities to significantly enhance USAFRICOM's ability to execute its critical mission,' said John Mengucci, CACI President and Chief Executive Officer. 'We are uniquely equipped to support USAFRICOM in countering emerging threats, strengthening regional partnerships, and driving unparalleled efficiency and operational excellence.' CACI is renowned for delivering unrivaled expertise to address its customers' most difficult challenges and requirements, leveraging its decades of mission knowledge coupled with cutting-edge practices and tools. Under this contract, CACI will continue improving force protection, mission assurance, and effective execution of theater strategy while also enhancing command relationships. About CACI At CACI International Inc (NYSE: CACI), our 25,000 talented and dynamic employees are ever vigilant in delivering distinctive expertise and differentiated technology to meet our customers' greatest challenges in national security. We are a company of good character, relentless innovation, and long-standing excellence. Our culture drives our success and earns us recognition as a Fortune World's Most Admired Company. CACI is a member of the Fortune 500™ list of largest companies, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI's Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof. CACI-Contract Award-Business Wire View source version on CONTACT: Corporate Communications and Media: Lorraine Corcoran Executive Vice President, Corporate Communications (703) 434-4165,[email protected] Relations: George Price Senior Vice President, Investor Relations (703) 841-7818,[email protected] KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA VIRGINIA INDUSTRY KEYWORD: OTHER DEFENSE CONTRACTS WHITE HOUSE/FEDERAL GOVERNMENT SECURITY AEROSPACE MANUFACTURING GOVERNMENT TECHNOLOGY TECHNOLOGY HOMELAND SECURITY DEFENSE PUBLIC POLICY/GOVERNMENT MILITARY OTHER TECHNOLOGY SOFTWARE NETWORKS SOURCE: CACI International Inc Copyright Business Wire 2025. PUB: 06/12/2025 08:15 AM/DISC: 06/12/2025 08:16 AM
