iShares Russell 1000 Growth ETF (ARCA: IWF)

에 대한 최신 뉴스 iShares Russell 1000 Growth ETF (ARCA:IWF)

iShares Russell 1000 Growth ETF

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Healthcare

Industrials

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Basic Materials

Real Estate

Energy

Utilities

The Fund seeks to track the investment results of the Russell 1000 Growth Index (the Underlying Index), which measures the performance of large- and mid-capitalization growth sectors of the U.S. equity market, as defined by FTSE Russell (the Index Provider or Russell). The Underlying Index is a subset of the Russell 1000 Index, which measures the performance of the large- and mid-capitalization sector of the U.S. equity market, as defined by Russell. As of March 31, 2024, the Underlying Index represented approximately 55 percent of the total market value of the Russell 1000 Index. The Underlying Index measures the performance of equity securities of Russell 1000 Index issuers with higher price-to-book ratios, higher forecasted medium-term growth and higher sales-per-share historical growth relative to all issuers whose securities are included in the Russell 1000 Index. As of March 31, 2024, a significant portion of the Underlying Index is represented by securities of companies in the consumer discretionary and technology industries or sectors. The components of the Underlying Index are likely to change over time.

Apple Inc

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Amazon.Com Inc

Meta Platforms, Inc.

Alphabet Inc Cl A

Alphabet Inc. Cl C

Broadcom, Inc.

Eli Lilly & Co.

Tesla Inc.

Visa Inc-Class A Shares

Palantir, Nvidia, Paypal, Costco, Tesla: Why These 5 Stocks Are On Investors' Radars Today

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Markets

올해 들어 지금까지 가치주는 성장주에 대한 시장의 기대를 뒤집어 놓았다. 러셀 1000 가치 지수가 단 3개월 만에 러셀 1000 성장 지수를 11% 상회한 것이다.

2025년에는 가치주가 성장주 수익률 압도 중...더 오를까?

Mark Zuckerberg Meta CEO

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금요일 메타 플랫폼스의 주식이 사상 최고치를 기록, 무슨 일이?

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Equities

Large Cap

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Broad U.S. Equity ETFs

New ETFs

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AAPL

IUSG

NVDA

SCHG

SPYG

VONG

탄탄한 수익 성장, 높은 가치 평가, 강력한 혁신 잠재력을 특징으로 하는 성장 주식에 초점을 맞춘 상장지수펀드(ETF)는 6월에 자금 유입이 증가했다. 성장연계 펀드에 대한 관심의 급증은 기술 부문에 대한 투자자의 신뢰 증가와 인공 지능과 같은 파괴적인 혁신을 반영하여 가치주에 비해 성장주의 상당한 성과와 일치했다.

기술, AI로 성장 ETF로 6월 122억 달러 유입, 가치 ETF 대비 기록적인 성과 달성

NYLI Winslow Focused Large Cap Growth ETF

iShares Trust Virtual Work & Life Multisector ETF

ETRACS 2x Leveraged US Growth Factor TR ETN

Value stocks have flipped the market script on their growth counterparts so far this year, with the Russell 1000 Value Index outperforming the Russell 1000 Growth Index by 11% in just three short months.
The iShares Russell 1000 Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWD#NYSE">IWD</a>), which tracks the Russell 1000 Value, and the iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>) for the Russell 1000 Growth, similarly have a little under 10% gap this year so far, in favor of the value fund.
The last time this happened was during the bear market of 2022, when rising rates, persistent inflation, and unjustifiably high valuations sent investors scurrying for safer options to park their funds. In 2024, however, growth stocks regained their momentum, aided by rate cuts and strong momentum across tech and AI stocks.
Now, as chaos reigns on Wall Street, with tariffs, geopolitical tensions, and even <a href="https://www.benzinga.com/markets/equities/25/03/44554304/goldman-sachs-raises-us-recession-risk-to-35-expects-inflation-at-3-5-in-2025-amid-tariff-uncertainties-economist-mohamed-el-erian-highlights-stagflationary-twist">fresh recessionary fears</a> cropping up, investors are once again finding safety in value. But, is this here to stay, or just a fleeting trend that is waiting to turn around?
<h2 class="wp-block-heading">Why Value Stocks Are More Resilient?</h2>
Value stocks, by their very definition, are those that are currently undervalued, relative to their assets, earnings, and future prospects. So, during periods of volatility and uncertainty, they have limited downside risks, especially when compared to growth stocks.
Besides this, value stocks, funds, and ETFs are generally more concentrated in sectors such as healthcare and utilities, which aren&#8217;t impacted by the tariffs. Similarly, base materials, <a href="https://in.benzinga.com/news/guidance/25/03/44432858/us-steel-faces-q1-pressures-but-eyes-long-term-gains-from-br2-nippon-partnership">steel</a>, aluminum, and other industrials that form the other big chunk of value stocks in the U.S. stand to benefit from President Trump&#8217;s trade wars. 
See Also: <a href="https://www.benzinga.com/25/03/44554923/goldman-sachs-warns-us-stocks-are-at-risk-of-further-declines-but-policy-pivot-from-trump-or-fed-could-stoke-recovery">Goldman Sachs Warns US Stocks &#8216;Are At Risk Of Further Declines,&#8217; But Policy Pivot From Trump Or Fed Could Stoke Recovery</a>
<h2 class="wp-block-heading">More Reasons For Value To Rebound In 2025</h2>
According to Tony DeSpirito, the Chief Investment Officer at BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), another reason why values are set to outperform this year is simply the remarkable run-up that growth stocks have experienced in recent years. Growth stocks now represent nearly 40% of the S&amp;P 500, significantly higher than the historical average of 24%.
This means that a correction is warranted, as investors will look for diversification and more exposure to value picks, even without the existing market turmoil and uncertainties. 
DeSpirito further cites the valuation gap between the Russell growth and value indexes, which is now at its widest since December 2000, which kickstarted a three-year bear market through 2002, during which value stocks outperformed growth.
Image via Shutterstock
Read More:
<ul>
<li> <a href="https://www.benzinga.com/markets/equities/25/03/44554789/trumps-liberation-day-tariffs-could-fuel-inflation-after-16-trillion-fiscal-surge-lawrence-mcdonald-warns">Trump&#8217;s &#8216;Liberation Day&#8217; Tariffs Could Fuel Inflation After $16 Trillion Fiscal Surge, Lawrence McDonald Warns</a></li>
</ul>

Value Stocks Are Crushing Growth Superstars In 2025: Is More To Come?

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) eyes new upside from live sports, the latest of which is Monday Night RAW, which debuts on January 6 <a target="_blank" href="https://www.benzinga.com/general/sports/24/12/42492251/netflix-ceo-says-paul-tyson-fight-really-phenomenal-strong-demand-for-nfl-game-advertising" rel="noreferrer noopener">under a deal</a> with TKO Group Holdings, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>).
The streaming giant aims to introduce the world of professional wrestling to a broader global audience, offering them access to the show's unique mix of athleticism, drama, and <a target="_blank" href="https://www.netflix.com/tudum/articles/wwe-raw-cast" rel="noreferrer noopener">larger-than-life personalities</a>.
Liv Morgan, the current WWE Women's Champion, described RAW as an eclectic mix of violence, physicality, and costumes.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/42791013/netflixs-strong-execution-and-innovative-content-strategy-impress-analyst" rel="noreferrer noopener">Bearish Analyst Regrets Not Upgrading Netflix To Buy In 2023</a>
CM Punk, a WWE legend, compared the freakishly strong, remarkably athletic wrestlers with mountain climbers with Netflix as their latest goal. He hailed the wrestlers as larger-than-life entertainers who will help Netflix penetrate into new households.
Cody Rhodes, the current WWE Champion, expects the audience to fall in love with somebody on the program or the program itself.
Punk expects stars like Rhea Ripley to draw audiences in and ensure they return week after week.
Previously, Netflix co-CEO&nbsp;Ted Sarandos flagged WWE as catering to <a target="_blank" href="https://www.benzinga.com/general/sports/24/12/42492251/netflix-ceo-says-paul-tyson-fight-really-phenomenal-strong-demand-for-nfl-game-advertising" rel="noreferrer noopener">the younger audience</a>.
In November, Netflix streamed a live boxing event featuring a Jake Paul&nbsp;and&nbsp;Mike Tyson faceoff with 109 million people watching the fight globally. It hosted two National Football League games on Christmas Day with Beyoncé&nbsp;is performing at halftime.
Sarandos boasted of huge ad demand for the NFL games and upcoming WWE events.
The NFL game&#8217;s audience <a target="_blank" href="https://www.benzinga.com/general/sports/24/12/42728254/netflixs-nfl-push-signals-shift-in-sports-streaming-landscape-analyst-says" rel="noreferrer noopener">aligned with expectations</a> for a usual dip in streaming versus TV, Rosenblatt's Barton Crockett noted. The analyst hailed NFL streaming as a positive shift for Netflix.
Oppenheimer's Jason Helfstein described Netflix as the sole investable&nbsp;<a target="_blank" href="https://www.benzinga.com/media/24/12/42701434/netflixs-nfl-debut-brings-record-streams-but-lags-traditional-tv-report" rel="noreferrer noopener">mainstream media stock</a> backed by ad potential from NFL Christmas Day games and live events.
Netflix stock surged over 80% in the last 12 months. Investors can gain exposure to the streaming giant through iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>) and The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>).
Price Actions:&nbsp;NFLX stock is down 0.85% at $873.59 at the last check on Monday.&nbsp;
Also Read:
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<li><a href="https://www.benzinga.com/media/25/01/42762874/broadcom-thrives-with-114-stock-surge-in-ai-boom-while-intel-faces-steep-decline" target="_blank" rel="noreferrer noopener">Broadcom Thrives with 114% Stock Surge in AI Boom, While Intel Faces Steep Decline</a></li>
</ul>
Image via Shutterstock

NFLX

Netflix Brings WWE Monday Night RAW to Streaming Starting January 6

Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has reduced iPhone 16 prices by up to 1,600 yuan ($225) on its Alibaba Group Holding&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Tmall store to boost sales during Singles&#8217; Day, the world&#8217;s largest shopping festival.
Beginning Monday evening, Apple offered a 500-yuan voucher for all iPhone 16 models, with the base iPhone 16 and iPhone 16 Pro Max starting at 5,499 yuan and 9,499 yuan, respectively, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3283270/apples-iphone-16-sees-price-cuts-chinese-online-platforms-singles-day-promotions?module=perpetual_scroll_0&amp;pgtype=article" rel="noreferrer noopener">reports</a>.
These price cuts come as Apple aims to counter the lukewarm initial response to the iPhone 16 on Chinese social media.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41408200/this-bullish-analyst-highlights-taiwan-semis-3nm-strength-and-margin-expansion-pote" rel="noreferrer noopener">This Bullish Analyst Highlights Taiwan Semi&#8217;s 3nm Strength and Margin Expansion Potential, Raises Forecast</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22053634/newplot-19.png" alt="" class="wp-image-606949" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22053634/newplot-19.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22053634/newplot-19-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The discounting is partly due to Apple Intelligence&#8217;s on-device AI system not supporting Chinese until next year.
Tmall has also introduced a trade-in subsidy of up to 1,100 yuan, allowing customers to save as much as 1,600 yuan on iPhone 16 purchases. JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) announced a similar discount, offering a free AppleCare+ subscription for the iPhone 16&#8217;s base and Plus models. PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) Pinduoduo further slashed prices, with the 256GB iPhone 16 Pro Max now priced at 9,199 yuan.
Riding the success of its 5G comeback, Huawei Technologies Co outpaced Apple in mainland smartphone sales in August for the first time in 46 months, SCMP cites CINNO Research.
<a target="_blank" href="https://www.benzinga.com/government/24/10/41399541/apple-iphone-16-sees-20-sales-surge-in-china-but-ai-absence-prompts-early-price-cuts" rel="noreferrer noopener">Prior reports indicated</a> that Pinduoduo and Taobao were slashing the prices of the iPhone 16 series before its official release due to its&nbsp;lack of AI features.
Pinduoduo started selling the iPhone 16 Plus with 512 gigabytes of storage at a 10% discount and the 128GB iPhone 16 at an 11% discount. Both Pinduoduo and Taobao marketplace have slapped a 4% discount on the 256GB version of the high-end iPhone 16 Pro Max.
Needham&nbsp;analyst Laura Martin expects the iPhone to constitute 89%- 96% of Apple&#8217;s <a target="_blank" href="https://www.benzinga.com/news/24/09/41005053/apple-iphone-to-fuel-96-of-2025-revenue-analyst-says-a-safer-bet-than-ai-heavy-amazon-alphabet-micro" rel="noreferrer noopener">fiscal 2025 revenue</a>.
Apple&nbsp;stock gained 37% in the last 12 months. Investors can gain exposure to the stock through Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>).
Price Action: AAPL stock is down 0.99% at $234.13 at the last check on Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/10/41403644/alibaba-eyes-double-digit-growth-for-singles-day-in-hong-kong-waives-delivery-fees" target="_blank" rel="noreferrer noopener">Alibaba Eyes Double-Digit Growth for Singles&#8217; Day in Hong Kong, Waives Delivery Fees</a></li>
</ul>
Photo courtesy: Apple

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BABA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Apple iPhone 16 Discounts Roll Out on Alibaba's Tmall, AI Delays and Domestic Competitors Fuel Aggressive Pricing

On Wednesday, ICT products and solutions provider FS announced its latest 400G and 800G Ethernet switches, powered by Broadcom Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) Tomahawk 5 chipset, for the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41017541/fs-unveils-51-2t-400g-and-800g-ai-ethernet-switches-powered-by-broadcom-tomahawk-5" rel="noreferrer noopener">large AI clusters</a>.
The switches are ideal for AI, big data, high-performance computing (HPC), and distributed storage.
FS introduced 400G and 800G&nbsp;AI switches&nbsp;with RoCE protocol support to handle large data volumes with low latency and high throughput.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40852011/broadcom-eyes-12b-in-ai-chip-revenue-for-2024-hyperscaler-spending-surge-goldman-sa" rel="noreferrer noopener">Broadcom Eyes $12B in AI Chip Revenue for 2024, Hyperscaler Spending Surge: Goldman Sachs</a>
Broadcom stock has risen 110% in the last 12 months as it capitalized on the AI shift.
According to JPMorgan, Broadcom&#8217;s AI business, which includes custom ASICs and networking solutions, will likely note a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40750949/broadcom-analysts-lifts-ai-revenue-forecast-to-12b-on-potential-strong-demand-from-" rel="noreferrer noopener">compound annual growth rate</a> of 30%-40% over the next four to five years.
JPMorgan analyst Harlan Sur projected upside from higher demand for AI networking products and 3nm AI ASICs from hyperscalars like Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
Also, <a target="_blank" href="https://www.benzinga.com/news/24/09/40986800/broadcom-unveils-next-gen-sian-2-dsp-for-high-performance-ai-data-centers" rel="noreferrer noopener">earlier this week</a>, Broadcom launched Sian 2 digital signal processing&nbsp;(DSP)&nbsp;for high-performance AI data centers.
Investors can gain exposure to Broadcom through SPDR Select Sector Fund &#8211; Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>).
Price Action: AVGO stock is down 1.06% at $172.98 premarket at the last check Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/government/24/09/40938590/whats-going-on-with-ai-related-stocks-nvidia-amd-broadcom-and-super-micro-on-thursday" target="_blank" rel="noreferrer noopener">AI-Driven Chipmakers Like Nvidia and Broadcom Rally After Fed&#8217;s Interest Rate Slash</a></li>
</ul>
Photo by Dennis Diatel via Shutterstock

AVGO

GOOG

GOOGL

Broadcom Chipset Fuels FS's High-Performance AI Networking Solutions

Automotive retailer AutoZone, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) reported fourth-quarter earnings per share of $51.58, missing the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40998321/autozone-4th-quarter-total-company-same-store-sales-increase-1-3-domestic-same-store-sales-increas" rel="noreferrer noopener">Street view of $53.53</a>.
Quarterly revenues of $6.205 billion (+9.0% year over year) marginally missed the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus of $6.221 billion</a>. Excluding sales from the additional week included in this year&#8217;s quarter, adjusted sales were up 2.6%.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/24/09/40992610/autozone-q4-earnings-preview-data-shows-strong-visit-growth-analyst-says-company-to-" rel="noreferrer noopener">AutoZone Q4 Earnings Preview: Data Shows Strong Visit Growth, Analyst Says Company To &#8216;Continue To Take Share Over Time&#8217;</a>
AutoZone said its fourth-quarter total company same-store sales increased 1.3%,&nbsp;while domestic sales grew 0.2%.
The gross profit margin for the quarter was 52.5%, down by 21 basis points year over year, primarily driven by a 53 basis point non-cash LIFO impact. Operating profit increased 6.1% to $1.3 billion.&nbsp;
Under its share repurchase program, AutoZone repurchased 244 thousand shares of its common stock during the fourth quarter at an average price per share of $2,915, for a total investment of $710.6 million.
Since the inception of the share repurchase program, the company has repurchased 155 million shares of its common stock at an average price of $238, for a total investment of $37.0 billion. At year end, the company had $2.2 billion remaining under its current share repurchase authorization.
During the quarter that ended August 31, AutoZone opened 68 new stores in the U.S., 31 in Mexico, and 18 in Brazil, for a total of 117 net new stores.&nbsp;
AutoZone&#8217;s sales per average store reached $0.84 million, up from $0.79 million Y/Y during the quarter. The sales per average square foot grew to $124, up from $118 Y/Y. Total auto parts sales reached $6.09 billion, up from $5.59 billion Y/Y.
The domestic commercial sales for the quarter reached $1.66 billion, up from $1.5 billion Y/Y.
The company had 6,432 stores in the U.S., 794 in Mexico, and 127 in Brazil, for a total store count of 7,353.
AutoZone stock gained over 18% in the last 12 months. Investors can gain exposure to the stock through Vanguard Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VO#NYSE">VO</a>) and iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>).
Price Action:&nbsp;AZO stock is trading lower by 3.73% to $2,935.01 premarket at the last check on Tuesday.&nbsp;
Photo via Shutterstock

Earnings

AutoZone Q4 Earnings: 9% Revenue Growth, Opens 117 New Stores, 1.3% Same-Store Sales Growth And More

On Monday, Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40980423/broadcom-delivers-industry-leading-200glane-dsp-for-gen-ai-infrastructure" rel="noreferrer noopener">announced the launch</a> of Sian 2, its 200 Gbps per lane (200G/lane) PAM-4 digital signal processing&nbsp;(DSP) PHY, building on the original Sian DSP.
The Sian and Sian2 DSPs, power pluggable modules with 200G/lane interfaces, are essential for the next generation of AI clusters.
Vijay Janapaty, vice president and general manager of the Physical Layer Products Division at Broadcom: &#8220;The Sian family of products reinforces Broadcom&#8217;s leadership in optical DSP PHYs and enables our AI data center customers to deploy high-performance 800G and 1.6T links.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40776199/amd-vs-nvidia-amds-surprising-strategy-shift-in-gaming-gpu-battle" rel="noreferrer noopener">AMD vs. Nvidia: AMD&#8217;s Surprising Strategy Shift in Gaming GPU Battle</a>
Broadcom reported <a target="_blank" href="https://www.benzinga.com/news/24/09/40754938/semiconductor-etfs-take-a-beating-dragged-lower-by-nvidia-amd-and-broadcom-stocks" rel="noreferrer noopener">third-quarter topline</a> growth of 42%&nbsp;to &nbsp;$13.07 billion, topping the analyst consensus of $12.96 billion. The&nbsp;adjusted gross margin&nbsp;grew by 230 bps to 77.4%.
Broadcom expects artificial intelligence semiconductor revenue to rise to $12 billion in fiscal 2024.
Goldman Sachs analyst Toshiya Hari maintained its bullish take on the stock, citing the spending ramp-up by the <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40852011/broadcom-eyes-12b-in-ai-chip-revenue-for-2024-hyperscaler-spending-surge-goldman-sa" rel="noreferrer noopener">large Tier-1 hyperscalers</a>. The analyst flagged that the company is currently in the proof of concept (POC) stage with three hyperscale customers.
Broadcom&nbsp;stock has increased 104% in the last 12 months. Investors can gain exposure to the stock through SPDR Select Sector Fund—Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>).
Shares of Broadcom have an average 1-year price target of $534.17, representing an expected upside of 213.69%.
<h2 class="wp-block-heading">Broadcom Stock Prediction For 2024</h2>
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Broadcom, while 12 analysts have bullish ratings. The street high price target from Rosenblatt is $2400.0, while the street low from UBS is $170.0.
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Price Action: AVGO stock is down 0.61% at $170.09 at the last check on Monday.
Also Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40750949/broadcom-analysts-lifts-ai-revenue-forecast-to-12b-on-potential-strong-demand-from-" target="_blank" rel="noreferrer noopener">Broadcom Analyst Lifts AI Revenue Forecast To $12B On Potential Strong Demand From Google, Meta</a></li>
</ul>
Photo via Company

Broadcom Unveils Next-Gen Sian 2 DSP For High Performance AI Data Centers

Lyft, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) stock is down after rival Uber Technologies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40855784/uber-stock-spikes-as-ceo-praises-waymos-fully-autonomous-trips" rel="noreferrer noopener">extended its collaboration</a> with Waymo, formerly known as the Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Self-Driving Car Project.
Uber and Waymo look to launch autonomous ride-hailing in Austin and Atlanta with Jaguar I-PACE vehicles by 2025 via the Uber app.
Uber has led with its diversified offering, including food delivery, freight, and same-day delivery services, gradually shedding its image as a ride-hailing company.
Uber reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40187570/uber-q2-earnings-revenue-and-eps-beat-30m-trips-per-day-ceo-highlights-record-growth-and-more" rel="noreferrer noopener">fiscal second-quarter</a> 2024 topline growth of 16% to $10.70 billion, beating the&nbsp;analyst estimate of $10.57 billion. Revenue from Mobility grew to $6.13 billion, up 25%. Delivery&nbsp;was $3.29 billion, up 8%, and Freight was $1.27 billion.
Uber&#8217;s trips rose 21% to 2.8 billion, or 30 million per day, signaling a recuperation in rides on pandemic recovery.
Conversely, Lyft shared plans to <a target="_blank" href="https://www.benzinga.com/news/24/09/40705974/uber-rival-lyft-to-lay-off-1-of-employees-sell-assets-to-reduce-costs" rel="noreferrer noopener">lay off 1%</a> of its employees and dispose of assets related to its bike and scooter operations to contain operating costs.
Lyft had 2,945 employees as of December 31, 2023, after letting go of 1072 employees in April 2023.
Lyft reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40221512/lyft-q2-earnings-active-riders-increase-10-gross-bookings-surge-17-introduces-price-lock-feature" rel="noreferrer noopener">second-quarter sales</a> growth of 41%, reaching $1.44 billion, beating the analyst consensus of $1.39 billion. Lyft&#8217;s rides grew by 15% year over year to 205 million.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13130212/newplot-11.png" alt="" class="wp-image-547492" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13130212/newplot-11.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13130212/newplot-11-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Uber stock is up 49% in the last 12 months. Lyft stock is down 0.18%.
Investors can gain exposure to Uber and Lyft through Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>) and iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>).
Price Action: LYFT stock is down 4.68% at $11.08 at the last check on Friday.
Photo Courtesy Lyft

LYFT

UBER

What's Going On With Lyft Stock On Friday?

Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) jittery investors await an update on its Blackwell chip rollout ahead of the Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) conference in San Francisco, where Nvidia chief Jensen Huang will speak with Goldman chief speak with&nbsp;David Solomon, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-10/nvidia-s-blackwell-chip-delay-is-center-stage-amid-stock-slump?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
The stock took a 15% hit since it released <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40613050/nvidia-q2-earnings-guidance-top-street-view-as-ai-fuels-record-data-center-revenue-gross-margin-fal" rel="noreferrer noopener">its quarterly print</a> and disclosed Blackwell chip&#8217;s launch remains impaired by engineering snags.
CEO Jensen Huang&#8217;s assurances also failed to contain the meltdown. However, Nvidia expects &#8220;several billion dollars&#8221; of revenue from Blackwell in its fiscal fourth quarter.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10104052/newplot-7.png" alt="" class="wp-image-540142" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10104052/newplot-7.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10104052/newplot-7-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Bloomberg reports that Zacks Investment Management client portfolio manager Brian Mulberry and Bank of America analysts flagged the delay as a potent concern in the absence of other positive catalysts for the stock. Mulberry expects Blackwell&#8217;s timely execution to contain the stock volatility.
Mai Capital Management portfolio manager Chris Grisanti, in <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40787302/nvidia-shares-riding-on-huge-ai-tailwind-says-portfolio-strategist-why-expert-says-" rel="noreferrer noopener">a CNBC interview</a>, snubbed the selloff backed by the ambitious artificial intelligence ambitions of cash-rich Big Tech giants like Microsoft&nbsp;Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and&nbsp;Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Services.
<a target="_blank" href="https://www.benzinga.com/news/24/09/40790997/taiwan-semiconductors-strong-august-sales-hint-at-big-gains-ahead-ai-and-iphone-demand-fuel-optimism" rel="noreferrer noopener">Meanwhile, Nvidia&#8217;s key</a> supplier, Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), recorded 33% topline growth in August 2024, signaling optimism over the smartphone market recovery and continued demand for&nbsp;Nvidia&#8217;s&nbsp;artificial intelligence chips.
Despite the selloff, Nvidia stock is up over 137% in the last 12 months. Investors can gain exposure to the stock through iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>) and iShares S&amp;P 500 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVW#NYSE">IVW</a>).
Price Action: NVDA stock is down 0.37% at $106.08 at the last check on Tuesday.
Photo via Shutterstock

AMZN

MSFT

Nvidia Faces Investor Scrutiny Over Blackwell Chip Delays, Big Revenue Expected: Report

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continues to make waves in the artificial intelligence (AI) chip market, even as Chinese tech giant Huawei Technologies Co faces significant challenges in its bid to compete.
Despite Huawei&#8217;s efforts to create a domestic alternative with its Ascend series, the company&#8217;s software, particularly the Cann platform, reportedly struggles to match the ease of use and efficiency offered by Nvidia&#8217;s CUDA platform, industry insiders reveal, the Financial Times <a target="_blank" href="https://www.ft.com/content/3dab07d3-3d97-4f3b-941b-cc8a21a901d6" rel="noreferrer noopener">reports</a>.
Huawei, striving to compete against Nvidia&#8217;s well-established position, has taken proactive steps by dispatching engineers to assist clients like Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), iFlytek, and Tencent Holding Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) in transitioning their systems from Nvidia&#8217;s CUDA to Huawei&#8217;s Cann.
Despite these challenges, Huawei has seen growing demand for AI chips, driven partly by supply constraints and the U.S. government&#8217;s tightened export controls on high-performance silicon.
<a target="_blank" href="https://www.benzinga.com/news/24/08/40659587/nvidias-blackwell-chip-potential-signals-strong-future-growth-analysts" rel="noreferrer noopener">Analysts remain optimistic</a> about Nvidia&#8217;s future despite challenges with its new Blackwell chips, which are nearly double the size of their predecessors and face manufacturing issues impacting yields and margins. Wall Street projects third-quarter revenue and EPS of $32.50 billion and $0.73.
Nvidia stock gained 146% in the last 12 months, buoyed by the AI frenzy. Investors can gain exposure to the stock through Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>).
Price Action:&nbsp;NVDA stock traded down 7.65% at $110.24 at the last check on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

BIDU

TCEHY

Nvidia Maintains AI Chip Dominance as Huawei Struggles to Compete: Report

Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) recently launched a new line of Windows PCs with AI capabilities.
However, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/microsoft-rolled-out-ai-pcs-that-cant-play-top-gamesand-theres-no-quick-fix-0a1b6376?mod=tech_lead_story" rel="noreferrer noopener">reports</a> that these PCs, powered by Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) chips using designs from U.K.-based Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), need help with gaming compatibility.
Unlike the traditional Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)- powered PCs that have dominated the market for decades, these new AI PCs require a translation layer to run most popular games like League of Legends and Fortnite. This results in glitches and performance issues.
Analysts predict these issues may be resolved over time, especially with the expected launch of Intel&#8217;s AI-powered chips later this year. These upcoming models could reclaim market share, particularly among gamers prioritizing performance and compatibility.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03090625/newplot.png" alt="" class="wp-image-526972" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03090625/newplot.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03090625/newplot-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
This situation mirrors past struggles with ARM-based Windows devices. <a target="_blank" href="https://www.benzinga.com/news/24/08/40347392/apple-intel-and-amd-lead-charge-in-ai-capable-pc-market-surge-report" rel="noreferrer noopener">Canalys flagged that</a> Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rules the AI PC market with its entire Mac lineup.
Intel, Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Qualcomm are among the other AI PC players. AI PC shipments reached 8.8 million in the second quarter of 2024, accounting for 14% of total PCs.
Microsoft&nbsp;stock gained over 25% in the last 12 months. Investors can gain exposure to the stock through iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>) and iShares S&amp;P 500 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVW#NYSE">IVW</a>).
<h2 class="wp-block-heading">Microsoft Stock Prediction For 2024</h2>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Microsoft, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Microsoft, the 200-day moving average sits at $410.92, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is below the current price of $417.74. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
Price Action: MSFT stock is up 0.19% at $417.93 premarket at last check Tuesday.
Disclaimer: This content was produced with the assistance of AI tools and reviewed by Benzinga editors.
Photo via Microsoft

INTC

QCOM

Microsoft's AI PCs Stumble With Game Compatibility: Report

Meta Platforms, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) political content control has cost its subscriber base.
The Instagram parent noted a significant plunge in the viewership of its popular accounts to the extent of 65% since a shift in its policy in March, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-08-12/instagram-shunning-politics-reduced-views-for-major-accounts?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">cited</a> a new study.
The viewership data for five notable Instagram accounts with a collective following of 13.5 million people, including those of&nbsp;Hillary Clinton&nbsp;and&nbsp;GLAAD, an LGBTQ activist group whose topics ranged from voting information, reproductive rights, and advocacy for marginalized groups noted a significant decline, Bloomberg cited researchers at&nbsp;<a target="_blank" href="https://accountabletech.org/" rel="noreferrer noopener">Accountable Tech</a>.
Meta focused on political content control for &nbsp;Instagram and Threads after facing flak for intensifying misinformation and partisan bias.
<a target="_blank" href="https://www.benzinga.com/news/24/06/39508227/meta-faces-backlash-over-instagram-threads-political-content-settings" rel="noreferrer noopener">Prior reports indicated</a> that Instagram and Threads users were grappling with an unexpected change in their political content settings.
Meta had&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37715053/metas-strategy-against-election-disinformation-crowdtangle-shutdown-and-new-initiatives" rel="noreferrer noopener">faced global criticism</a> for role the January 6, 2021, Capitol riot vandalism.&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/07/39759624/meta-removes-heightened-penalties-on-donald-trumps-accounts-a-day-after-ex-president-threatens-to-pu" rel="noreferrer noopener">Meta had suspended former</a> U.S. President Donald Trump&#8217;s Facebook and Instagram accounts for two years after the incident.
Meta reinstated his accounts in February 2023 but emphasized that any further violations could result in &#8220;heightened penalties,&#8221; including suspensions lasting from one month to two years.
Meta Platforms stock has gained 69% in the last 12 months as it strives to generate shareholder value by growing its subscriber base for Instagram, Threads, Facebook while accomplishing its artificial intelligence ambitions as it battles competitors like TikTok and X. Investors can gain exposure to Meta Platforms through iShares S&amp;P 500 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVW#NYSE">IVW</a>) and iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>).
<h2 class="wp-block-heading">META Stock Prediction For 2024</h2>
Meta Platforms revenue growth in FY23 was 15.69%, reflecting the influence of various factors including the macroeconomic environment, demand for its products and services, and its position relative to competitors. This growth is a critical indicator for investors assessing the company&#8217;s future prospects.
Some macro factors that could impact the company's performance in the next year include higher interest rates, progress on reeling in inflation and labor market strength. The Fed's benchmark rate is currently at 5.33%, while PPI recently came in at 0.1%, growing 2.2% from last year. The unemployment rate was most recently reported as 4.3%.
An investor should pay attention to economic conditions to decide whether they think the macro environment is positive or negative for Meta Platforms stock. For real time economic data and breaking market updates, <a href="https://pro.benzinga.com/">check out Benzinga Pro. Try it for free.</a>
How does this stack up against Meta Platforms's peers?
Investors may also want to analyze a stock in comparison to companies with similar products or in similar industries. Meta Platforms operates in the Communication Services sector. The stock has experienced average annual growth of 12.07% compared to the -6.8% average of its peer companies. This is above the broader sector movement of Meta Platforms.
Price Action: META shares traded higher by 0.74% at $519.79 premarket at the last check on Tuesday.
Image Credits &#8211; Shutterstock

Regulations

Meta's Policy Shift Takes A Toll On Instagram Engagement: Report

Meta Platforms, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) stock hit a 52-week and all-time high of $535.69 on Friday. The U.S. Big Tech remains aggressively invested in its artificial intelligence ambitions to unlock shareholder value.
Meta has introduced a new approach to artificial intelligence by releasing pre-trained models that utilize a novel multi-token prediction method. This new technique, detailed in a Meta research paper in April, represents a significant departure from traditional methods of training large language models (LLMs) to predict the next word in a sequence, Venture Beat <a target="_blank" href="https://venturebeat.com/ai/meta-drops-ai-bombshell-multi-token-prediction-models-now-open-for-research/" rel="noreferrer noopener">reports</a>.
Meta&#8217;s approach trains models to forecast multiple future words simultaneously, enhancing performance and drastically reducing training times.
Meta&#8217;s models may achieve a more nuanced understanding of language structure and context by predicting multiple tokens simultaneously.
This could significantly improve various tasks, such as code generation and creative writing. Meta has released these models under a non-commercial research license on Hugging Face.
Separate reports indicate Meta plans to incorporate more generative AI technology into its virtual reality (VR), augmented reality (AR), and mixed reality games to boost its metaverse strategy.
The company aims to develop new consumer experiences with innovative gameplay driven by generative AI, TechCrunch <a target="_blank" href="https://techcrunch.com/2024/07/02/meta-plans-to-bring-generative-ai-to-metaverse-games/" rel="noreferrer noopener">reports</a>.
According to a recent job listing, Meta seeks to research and prototype games that offer unique experiences each time they are played, utilizing non-deterministic paths.
The company also intends to build or collaborate with third-party creators and vendors to create generative AI-powered tools that enhance workflow and reduce time-to-market for games.
The primary focus will be on Horizon, Meta&#8217;s suite of metaverse games, apps, and creation tools.
Meanwhile, Meta&#8217;s Threads has grown to over <a target="_blank" href="https://www.benzinga.com/news/24/07/39620316/metas-threads-set-to-challenge-x-with-new-ad-strategy-report" rel="noreferrer noopener">175 million monthly users</a>, rapidly catching up to Elon Musk&#8217;s X, formerly Twitter.
Needham&nbsp;analyst Laura Martin&#8217;s conversations with former Meta employees revealed that generative AI already influences about 20% of Meta&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39580475/time-to-cash-out-analyst-recommends-tapping-into-meta-as-prime-funding-source" rel="noreferrer noopener">content generation and monetization</a>.
Martin anticipates Meta will increase GPU investments over the next 2-3 years, integrating generative AI throughout its monetization processes.
Meta stock has gained 80% in the last 12 months.&nbsp;Investors can gain exposure to the stock via The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) and iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>).
Price Action: At the last check on Friday, META shares were trading higher by 4.65% at $533.69.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image made via photos on Shutterstock

Meta Platforms Stock Hits All Time High On Friday - What's Going On?

Exchange-traded funds (ETFs) focused on growth equities &#8211; characterized by robust revenue growth, high valuations, and strong potential for innovation – experienced elevated <a href="https://www.benzinga.com/etfs">inflows in June.</a>
This surge in interest towards growth-linked funds coincided with a significant outperformance of growth over value stocks, reflecting increased investor confidence in the tech sector and disruptive innovations like artificial intelligence.
The eight largest growth-linked ETFs by assets under management (AUM) collectively experienced a substantial $12.2 billion in inflows from the beginning of the month through June 24.
Leading the pack, the Vanguard Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>) saw the highest monthly inflows among its peers, attracting an impressive $5.68 billion. This remarkable figure is set to mark the Vanguard Growth ETF&#8217;s record monthly inflows, ranking second in June only to the nearly $10 billion attracted by the broader iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>). 
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Growth ETF</th>
<th>AUM</th>
<th>June Flows (as of June 24)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vanguard Growth ETF </td>
<td>$139.84B</td>
<td>$5.68B</td>
</tr>
<tr>
<td>IShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>)</td>
<td>$97.00B</td>
<td>$0.03B</td>
</tr>
<tr>
<td>IShares S&amp;P 500 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVW#NYSE">IVW</a>)</td>
<td>$52.96B</td>
<td>$4.01B</td>
</tr>
<tr>
<td>Schwab U.S. Large-Cap Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHG#NYSE">SCHG</a>)</td>
<td>$30.62B</td>
<td>$0.44B</td>
</tr>
<tr>
<td>SPDR Portfolio S&amp;P 500 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPYG#NYSE">SPYG</a>)</td>
<td>$29.40B</td>
<td>$0.47B</td>
</tr>
<tr>
<td>Vanguard Mega Cap Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGK#NYSE">MGK</a>)</td>
<td>$22.39B</td>
<td>$1.08B</td>
</tr>
<tr>
<td>Vanguard Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VONG#NYSE">VONG</a>)</td>
<td>$20.81B</td>
<td>$0.08B</td>
</tr>
<tr>
<td>IShares Core S&amp;P U.S. Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IUSG#NYSE">IUSG</a>)</td>
<td>$18.94B</td>
<td>$0.15B</td>
</tr>
<tr>
<td>Vanguard Small-Cap Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VBK#NYSE">VBK</a>)</td>
<td>$17.25B</td>
<td>$0.26B</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>Total</td>
<td></td>
<td>$12.2B</td>
</tr>
</tfoot>
</table>
<figcaption class="wp-element-caption">Source: TradingView</figcaption></figure>
<h3 class="wp-block-heading">Growth Stocks Surge To Record Highs Against Value</h3>
The Vanguard Growth ETF&#8217;s relative performance against its counterpart, the Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>), set new record highs in June, surpassing the previous peaks achieved in November 2021, as illustrated in the chart below, <a href="https://www.benzinga.com/pro/register0524b?utm_source=BZprocontent062524&amp;t=be2bearmibe3na1">sourced from Benzinga Pro.</a>
The primary drivers of the growth style&#8217;s outperformance in June were tech giants Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which saw robust rallies of 15% and 8.8%, respectively. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/pro/register0524b?utm_source=BZprocontent062524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="460" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-1024x460.png" alt="" class="wp-image-405212" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-1024x460.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-300x135.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-768x345.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-1536x690.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li> <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39440559/growth-stocks-leave-value-stocks-in-the-dust-4-reasons-for-biggest-monthly-lead-in-">Growth Stocks Leave Value Stocks In The Dust: 4 Reasons For Biggest Monthly Lead In Over A Year</a></li>
</ul>
Image generated using artificial intelligence via Midjourney.

Tech, AI Drive $12.2B Inflows Into Growth ETFs, Marking Record Outperformance Over Value

Growth stocks are experiencing a remarkable resurgence, posting their best month in over a year when compared to value stocks, as the rally in tech and mega caps continues<a href="https://www.benzinga.com/markets"> to dominate market dynamics. </a>
The iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>) has surged by 6.5% so far in June 2024. This gain puts it on track for its seventh month of increases in the last eight.
Investors have shown elevated confidence in growth-oriented sectors, particularly technology, which continues to benefit from strong earnings reports, heightened expectations for future cash flows and positive market sentiment, especially towards AI-related industries.
In stark contrast, the iShares Russell 1000 Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWD#NYSE">IWD</a>), representing the other major equity style, has declined by 1.4% in June. 
This divergence highlights the challenges facing value stocks, which typically encompass sectors like financials, energy, utilities, and consumer staples. These sectors have struggled to attract investor interest due to their less impressive performance and subdued earnings expectations.
The performance gap between growth and value in June 2024 stands at a striking 7.9 percentage points, marking the most substantial monthly performance difference since May 2023. 
With one trading week remaining in the month, if the gap exceeds 9.6 percentage points, previously reached in March 2020, it will mark the largest one-month outperformance of growth over value ever recorded.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="500" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/21143747/image-50-1024x500.png" alt="" class="wp-image-400005" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/21143747/image-50-1024x500.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/21143747/image-50-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/21143747/image-50-768x375.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/21143747/image-50-1536x750.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/21143747/image-50.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">4 Key Factors Driving Growth&#8217;s Outperformance Over Value</h3>
Technology Sector&#8217;s Dominance in Growth ETFs: The technology sector&#8217;s heavy weighting in growth-related ETFs has been the main driver of their outperformance. In the Russell 1000 Growth ETF, tech stocks comprise a substantial 47% of the portfolio. In stark contrast, the Russell 1000 Value ETF allocates only 9.5% to tech stocks.
Impact of Chipmakers on Growth Performance: Within the tech sector, the substantial weighting of chipmakers in growth funds has been another critical factor, as they have been the main beneficiaries of the current AI-driven rally. The semiconductor sector represents 17% of the growth ETF, compared to a mere 4.2% in the value ETF.
Absence of Nvidia, Magnificent 6 In Value ETFs: Notably, &#8220;The Magnificent 6&#8221; – as named by Bank of America – Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) – are absent from the value-linked ETF but collectively hold a 50% weight in the growth ETF.
Stock Concentration and Market Breadth Differences: The higher stock concentration in growth-related ETFs compared to value socks is another crucial factor, especially in the current context of poor market breadth. The top 10 stocks in the Russell 1000 Growth ETF comprise 57% of the overall portfolio, whereas the top 10 in the value-related ETF account for only 17% of the total weight.
<h3 class="wp-block-heading">Top 7 Performing Growth Stocks In June</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Price Chg. % (MTD)</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>26.85%</td>
</tr>
<tr>
<td>Texas Pacific Land Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>)</td>
<td>22.95%</td>
</tr>
<tr>
<td>Sarepta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>)</td>
<td>22.88%</td>
</tr>
<tr>
<td>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)</td>
<td>19.95%</td>
</tr>
<tr>
<td>Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)</td>
<td>19.91%</td>
</tr>
<tr>
<td>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)</td>
<td>19.48%</td>
</tr>
<tr>
<td>Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>)</td>
<td>19.04%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">As of June 21, 2024</figcaption></figure>
<h2 class="wp-block-heading">Top 7 Performing Value Stocks In June</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Price Chg. % (MTD)</td>
</tr>
<tr>
<td>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>)</td>
<td>24.68%</td>
</tr>
<tr>
<td>DC Technology Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXC#NYSE">DXC</a>)</td>
<td>20.23%</td>
</tr>
<tr>
<td>Guidewire Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>)</td>
<td>19.58%</td>
</tr>
<tr>
<td>Universal Display Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLED#NASDAQ">OLED</a>)</td>
<td>18.71%</td>
</tr>
<tr>
<td>Ollie&#8217;s Bargain Outlet Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>)</td>
<td>18.52%</td>
</tr>
<tr>
<td>Zillow Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NYSE">ZG</a>)</td>
<td>17.88%</td>
</tr>
<tr>
<td>Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>)</td>
<td>16.29%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">As of June 21, 2024</figcaption></figure>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39431836/5-charts-expose-troubling-weaknesses-in-record-high-stock-market-this-is-not-normal">5 Charts Expose Troubling Weaknesses In Record-High Stock Market: &#8216;This Is Not Normal&#8217;</a>
Image created using artificial intelligence via Midjourney.

Analyst Color

Mid Cap

Small Cap

Analyst Ratings

ADBE

ADSK

COHR

CRWD

GWRE

OLED

OLLI

ORCL

SRPT

Growth Stocks Leave Value Stocks In The Dust: 4 Reasons For Biggest Monthly Lead In Over A Year

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang has long claimed that the world&#8217;s data centers will need a complete overhaul to handle the demands of generative artificial intelligence (AI).
He estimates it will take $1 trillion over the next four to five years, essentially doubling the existing investment in digital infrastructure, to train and run new AI models, the Financial Times <a target="_blank" href="https://www.ft.com/content/62875472-89f9-4fdf-b9be-076429e9ab25" rel="noreferrer noopener">reports</a>. Key contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is weighing rectangular substrates for AI chip packaging to better cater to <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39407413/whats-going-on-with-taiwan-semi-stock-thursday" rel="noreferrer noopener">the AI frenzy</a>.
Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) shares have jumped more than 20% since it reported an AI-driven sales increase, highlighting the increasing importance of high-speed networking in data centers. It is another contender for a $1 trillion valuation.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39406855/whats-going-on-with-nvidia-stock-thursday" rel="noreferrer noopener">Nvidia Becomes World&#8217;s Most Valuable Company, Surpasses Microsoft and Apple: Report</a>
Meanwhile, software maker Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) soared 17% following news of a deal to train Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) OpenAI&#8217;s large language models on its cloud infrastructure.
Even Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), previously lagging in AI server demand, saw a 24% stock increase post-earnings.
Nvidia remains the biggest winner, with most of its sales coming from complete servers networked using its proprietary technologies.
Shankar Trivedi, senior vice president of enterprise business, said Nvidia strategically focuses on AI and actively engages with startups and industry partners. In an <a target="_blank" href="https://www.cnbctv18.com/technology/exclusive-nvidia-prioritises-collaboration-over-competition-to-drive-ai-revolution-19431400.htm" rel="noreferrer noopener">exclusive interview</a> with CNBC-TV18, Trivedi emphasized Nvidia&#8217;s commitment to collaboration over competition. Nvidia maintains an inclusive approach, partnering even with potential competitors.
Nvidia places significant importance on nurturing startups, with an extensive program that spans India and globally.
Wedbush analyst Dan Ives predicts Nvidia <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39421667/nvidia-leads-race-to-4-trillion-market-cap-analyst-praises-godfather-jensen-in-four" rel="noreferrer noopener">to be the</a> first to reach a $4 trillion market cap, as its GPU chips are crucial for AI development.
Nvidia stock gained close to 204% in the last 12 months. Investors can gain exposure to the stock via iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>) and Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>).
Price Action:&nbsp;NVDA shares traded lower by 1.32% at $129.05 premarket at the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

What's Going On With Nvidia Stock Friday?

Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) will introduce a higher-priced premium plan later this year, charging users at least $5 more monthly for better audio and new playlist tools.
Spotify's stock is trading higher on Tuesday.
The plan will be an add-on for existing customers, generating additional revenue for the company, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-11/spotify-to-introduce-more-expensive-subscription-tier-for-music-lovers?sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/05/39010168/spotify-discontinues-car-thing-device-shifts-focus-to-new-user-features" rel="noreferrer noopener">Spotify Discontinues Car Thing Device, Shifts Focus to New User Features</a>
The new tier, dubbed "Supremium," will vary in price based on the user's base plan but will average a 40% markup, Bloomberg notes.
Among the benefits for upgraded subscribers is access to high-fidelity audio, a feature Spotify announced in February 2021 but delayed. Competitors like Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Music, and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Apple Music now offer higher-quality audio as part of their standard plans.
The new subscription tier follows recent price hikes, with the standard paid tier in the U.S. increasing to $11.99 monthly. This premium plan could significantly boost Spotify's revenue, which is shared with music rights holders.
Subscribers will also get custom playlists generated based on their behavior.
Last week, the company <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/06/39138449/spotify-turns-up-the-volume-on-pricing-premium-plans-see-a-hike" rel="noreferrer noopener">hiked prices for</a> its premium plans in the U.S. to boost its margins.
In April, Spotify reported a quarterly gross margin growth of 243 bps to&nbsp;27.6%, reflecting improved podcast and music profitability. Premium subscribers improved by 14% to 239 million.
Spotify stock gained over 105% in the last 12 months. Investors can gain exposure to the stock via iShares Russell Midcap Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWP#NYSE">IWP</a>) and iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>).
Price Action: At the last check Tuesday, SPOT shares were trading higher by 1.13% at $312.50.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/04/38493319/spotify-co-founder-daniel-ek-cashes-out-more-spotify-stock-shifts-focus-to-tech-and-climate-startups" rel="noreferrer noopener">Spotify Co-founder Daniel Ek Cashes Out More Spotify Stock, Shifts Focus to Tech and Climate Startups</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Cezar Sampaio on Unsplash

iShares Trust Russell Midcap Growth Index Fund

SPOT

What's Going On With Spotify Stock On Tuesday?

Bank of America&#8217;s technical analyst Stephen Suttmeier shed light on the diverging paths of <a href="https://www.benzinga.com/money/best-growth-stocks">value and growth stocks</a>, underscored by the performance of the iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>) and the iShares Russell 1000 Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWD#NYSE">IWD</a>). 
Despite both reaching unprecedented heights, the future seems to favor one over the other, as Suttmeier <a href="https://www.benzinga.com/topic/expert-ideas">highlighted in a note. </a>
<h3 class="wp-block-heading">A Diverging Path: The Growth vs. Value Dichotomy</h3>
Over the past year, the gap between growth and value has widened, with growth outperforming value by 20 percentage points. 
This divergence has become even more pronounced over the last seven years, reaching a staggering near 100 percentage point difference. 
Chart: Growth Stocks Outperform Value, Doubling Relative Performance Over 7-Year Period
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25123828/image-52-1024x495.png" alt="" class="wp-image-264258" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25123828/image-52-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25123828/image-52-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25123828/image-52-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25123828/image-52-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25123828/image-52.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The underperformance of value stocks compared to growth is notably attributed to the absence of the so-called Magnificent 7 stocks in its portfolio. This includes tech giants and industry leaders absent from the IWD&#8217;s top holdings.
The iShares Russell 1000 Value ETF features Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NYSE">BKR</a>), JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), and ExxonMobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) as its top three holdings, with weights of 3.5%, 2.7%, and 2.1%, respectively. 
Conversely, the iShares Russell 1000 Growth ETF boasts Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) as its top three holdings, with weights of 12.1%, 9.5%, and 8.2%, respectively.
Notably, the growth ETF is heavily concentrated in three sectors — technology, consumer discretionary, and communication services. These sectors account for over 70% of the ETF&#8217;s composition, with the top 10 holdings comprising more than 50% of the portfolio. 
Conversely, the value ETF demonstrates greater diversification across sectors and stocks, with financials, industrials, and healthcare collectively making up 50% of its portfolio. Moreover, the top 10 holdings represent only 17% of the value ETF&#8217;s portfolio.
Technical Analysis: Value vs. Growth
From a technical standpoint, Bank of America&#8217;s analysis indicates that IWF has breakout point supports near 312 and 287-285, with upward pattern counts from its 2022-2023 cup and handle pattern at 370 and 420. Following a bullish triangle completion in 2022-2023, IWF has surged to new all-time highs, suggesting further upside potential.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25124228/image-53-1024x495.png" alt="" class="wp-image-264264" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25124228/image-53-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25124228/image-53-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25124228/image-53-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25124228/image-53-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25124228/image-53.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
On the other hand, IWD shows breakout point supports at 171-169 and in the low 160s, with a bullish triangle target from 2022-2023 at 195 and an additional upside count at 208. 
While both ETFs demonstrate potential for further gains, the analyst emphasizes that Growth has maintained its market leadership, whereas Value remains in a long-term lagging trend compared to the S&amp;P 500 index.
Despite IWF&#8217;s relative strength stalling at its 2020 and 2021 highs versus the SPX, the leadership trend for Growth remains intact, particularly above its bullish and rising weekly relative Moving Averages (MAs). 
Conversely, the lagging trend for IWD versus the SPX persists below the declining 13-, 26-, and 40-week MAs, along with chart resistance at the January 2024 lower high and the prior 2021-2020 lows relative to the SPX.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25124506/image-54-1024x495.png" alt="" class="wp-image-264267" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25124506/image-54-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25124506/image-54-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25124506/image-54-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25124506/image-54-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/25124506/image-54.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37915971/apple-analysts-unmoved-by-antitrust-lawsuit-unmatched-brand-strength">Apple Analysts Unmoved By Antitrust Lawsuit: &#8216;Unmatched Brand Strength&#8217;</a>
Image: Shutterstock

Value, Growth Stocks Trade At Record Highs But Long-Term Leadership Lies With One: Analyst

Markets embraced an unexpected turn of events as Wednesday&#8217;s U.S. economic data releases fell <a href="https://www.benzinga.com/23/08/34112835/us-gdp-revised-downward-to-2-1-in-q2-reflecting-softer-economic-growth">short of market expectations. </a>
The initial response was positive, with market participants interpreting the data as an indication of potentially easing inflationary pressures, thus lowering the specter of further interest rate hikes by the Federal Reserve. However, as the morning session progressed, concerns over a potential economic deceleration reemerged, paring back the advances in the stock market.
<h2 class="wp-block-heading">Q2 GDP Revised Lower, Employment Growth Missed Expectations in August</h2>
The Bureau of Economic Analysis lowered growth projections for the second quarter of the year. The revelation painted a picture of the U.S. economy expanding at a more tempered pace of 2.1% on an annualized basis in Q2, in stark contrast to the estimate, which had pegged growth at a more robust 2.4%.
The same report also unveiled that the PCE price index, a closely monitored inflation gauge by the Federal Reserve, was revised downward from 2.6% to 2.5% in Q2. A parallel adjustment was registered for the core PCE price index, dropping from 3.8% to 3.7%. As a result, Thursday&#8217;s PCE price index announcement for July will likely be awaited with less trepidation by investors.
Signals from the labor market continue to support the idea of a slowdown in new job additions, with attention turning to the upcoming Bureau of Labor Statistics report this Friday. 
The <a href="https://www.benzinga.com/economics/macro-economic-events/23/08/34112480/adp-report-reveals-177-000-jobs-added-in-august-missing-predictions">ADP</a> offered a preview by reporting an increase of 177,000 jobs in August. This marked a significant decrease compared to the upwardly revised 371,000 jobs in July and also fell short of the expected 195,000.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34104222/exclusive-watch-cathie-wood-predict-secs-loss-in-bitcoin-etf-case-in-benzinga-interview">EXCLUSIVE: Watch Cathie Wood Predict SEC&#8217;s Loss In Bitcoin ETF Case In Benzinga Interview</a>
<h2 class="wp-block-heading">Traders Lower Rate Hike Bets, Dollar Sinks</h2>
The U.S. dollar fell 0.5%, the largest daily drop since mid July, and is currently on track for its third consecutive session of decline. 
Simultaneously, Treasury yields, reflective of market sentiment on future Fed rate hikes, took a precipitous drop. The yield on the 2-year note fell to 4.85%, the lowest since Aug. 11. 
Implied probabilities derived from Fed futures assign a mere 9% chance of a rate hike in September, down from yesterday&#8217;s 14%. Looking ahead to November, the odds of a rate increase have ebbed from 49% to a 43% chance, CME Group&#8217;s Fedwatch tool showed.
Looking at major ETFs with over $15 billion in assets under management (AUM), here are the ones showing positive returns at 10:30 a.m. ET on Wednesday:
<ol>
<li>SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) up by 0.5% </li>
<li>Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) up by 0.4% </li>
<li>Industrials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) up by 0.3% </li>
<li>SPDR Portfolio S&amp;P 500 Growth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPYG#NYSE">SPYG</a>) up by 0.2% </li>
<li>iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>) up by 0.2%</li>
</ol>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="960" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/08/30103443/SPYG_2023-08-30_16-34-28_3aa4c-1024x960.png" alt="" class="wp-image-97542" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/08/30103443/SPYG_2023-08-30_16-34-28_3aa4c-1024x960.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/08/30103443/SPYG_2023-08-30_16-34-28_3aa4c-300x281.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/08/30103443/SPYG_2023-08-30_16-34-28_3aa4c-768x720.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/08/30103443/SPYG_2023-08-30_16-34-28_3aa4c.png 1152w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read now: <a href="https://www.benzinga.com/general/movers-shakers/21/08/17298128/warren-buffett-turns-91-a-highlight-for-each-decade-of-his-life-1">Warren Buffett Turns 93: His Career, From Buying First Stock To Acquiring Berkshire, Apple Investments</a>
Photo: Shutterstock

Macro Economic Events

Specialty ETFs

Commodities

Economics

Markets Waver On Mixed Economic Data: 5 ETFs Moving Wednesday

Investors are on standby for the Federal Open Market Committee (FOMC) meeting&#8217;s interest rate decision, due to be announced on Wednesday, <a href="https://www.benzinga.com/federal-reserve">July 26, at 2:00 p.m. ET.</a>
While the market has already fully priced in a 25-basis-point rate hike to a target range of 5.25%-5.5%, the Fed&#8217;s communications regarding future moves are expected to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33351071/fed-meeting-in-focus-xx-on-wednesdays-interest-rate-announcement">have a significant impact.</a>
A more hawkish attitude from Fed Chair Jerome Powell, who may reaffirm the need for more hikes during his news conference, would likely catch markets off guard.
A more dovish Fed stance, indicating that current interest rates are appropriately high and that future adjustments will be based on economic data, on the other hand, might solidify existing market expectations on the end of tightening in July. 
Here are the five major ETFs that are likely to see significant activity and shifts in reaction to the Fed interest rate decision:
1) Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>)
The largest exchange-traded fund (ETF) tracking the performance of the U.S. dollar index (DXY) is likely to witness immediate reactions following the Fed meeting.
A Federal Reserve leaning towards a more hawkish stance, maintaining a stringent approach against inflation despite recent declines and signaling a potential rate hike in September, is likely to significantly bolster the U.S. currency.
The dollar bulls, on the other hand, would suffer a serious defeat if the Federal Reserve becomes more dovish and signals the end of policy tightening. 
The dollar is on course to post 6 consecutive positive sessions leading up to the Fed meeting, a stretch not seen since May 2022. The UUP ETF, on the other hand, is flat year to date and down 0.7% from a month ago.
Also Read: <a href="https://www.benzinga.com/news/23/07/33352218/you-have-zero-chance-of-getting-hired-if-this-is-on-your-resume-says-former-google-recruiter">You Have &#8216;Zero Chance&#8217; Of Getting Hired If This Is On Your Resume, Says Former Google Recruiter</a>
Chart: Invesco DB USD Index Bullish Fund ETF Price Action In 2023
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="778" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25111228/UUP_2023-07-25_17-11-16_4d08d-1024x778.png" alt="" class="wp-image-74588" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25111228/UUP_2023-07-25_17-11-16_4d08d-1024x778.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25111228/UUP_2023-07-25_17-11-16_4d08d-300x228.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25111228/UUP_2023-07-25_17-11-16_4d08d-768x584.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25111228/UUP_2023-07-25_17-11-16_4d08d-1536x1168.png 1536w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25111228/UUP_2023-07-25_17-11-16_4d08d.png 1626w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
2) iShares 20+ Year Treasury Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NYSE">TLT</a>)
The iShares 20+ Year Treasury Bond ETF (TLT) is particularly sensitive to interest rate changes and the Federal Reserve&#8217;s policy stance. Because it tracks long-dated U.S. Treasury bonds with a remaining maturity of at least 20 years, small changes in yields have a substantial influence on the ETF&#8217;s value due to its elevated duration.
A more hawkish Fed, implying a more aggressive approach to inflation and future rate hikes, poses troubles for long-term bonds. A more dovish Federal Reserve, which recognizes the risk of growth issues and minimizes inflation risks, tends to push down long-term bond yields, which boosts the value of the ETF.
As of July 25, the TLT ETF is broadly flat year to date, with a more significant drop of roughly 5% in the previous three months, as long-term Treasury yields recently surged.
Chart: iShares 20+ Year Treasury Bond ETF Price Action In 2023
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="778" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25111840/TLT_2023-07-25_17-18-11_d2f5b-1024x778.png" alt="" class="wp-image-74589" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25111840/TLT_2023-07-25_17-18-11_d2f5b-1024x778.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25111840/TLT_2023-07-25_17-18-11_d2f5b-300x228.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25111840/TLT_2023-07-25_17-18-11_d2f5b-768x584.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25111840/TLT_2023-07-25_17-18-11_d2f5b-1536x1168.png 1536w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25111840/TLT_2023-07-25_17-18-11_d2f5b.png 1626w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
3) SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)
Gold investors are very concerned about the Federal Reserve&#8217;s interest rate decisions and potential future actions. Interest rates and Treasury yields have&nbsp;a substantial impact on the value of precious metals. 
A hawkish Fed, which raises interest rates and provokes the surge in&nbsp;Treasury yields, puts downward pressure on gold prices, and vice versa.
The GLD ETF has returned a positive 6.1% year to date. However, it has dropped 2% in the last three months as yields have recovered.
4) iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>)
Growth stocks have&nbsp;demonstrated greater sensitivity to Federal Reserve meetings. Stocks with high valuations and optimistic growth expectations could be in jeopardy if the Fed shows an aggressive posture towards inflation by enacting further interest rate hikes this year.
Companies taking on riskier, potentially more lucrative long-term projects face higher financing&nbsp;costs&nbsp;as a result of higher interest rates. Growth stocks, on the other hand, may benefit from the expectation of future rate drops.
Growth stocks have experienced a surge in 2023, climbing 32% so far this year, primarily due to the rally driven by advancements in AI and progress in sectors such as technology, communication services, and consumer discretionary.
Chart: iShares Russell 1000 Growth ETF Price Action in 2023
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="778" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25112435/IWF_2023-07-25_17-24-16_23535-1024x778.png" alt="" class="wp-image-74590" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25112435/IWF_2023-07-25_17-24-16_23535-1024x778.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25112435/IWF_2023-07-25_17-24-16_23535-300x228.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25112435/IWF_2023-07-25_17-24-16_23535-768x584.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25112435/IWF_2023-07-25_17-24-16_23535-1536x1168.png 1536w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25112435/IWF_2023-07-25_17-24-16_23535.png 1626w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
5) ProShares Trust VIX Short-Term Futures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIXY#NYSE">VIXY</a>)
Volatility in the stock market, as measured by the VIX index, has experienced a significant decline since the last quarter of the previous year. The fear index has not only returned to pre-pandemic lows but has also endured nine negative months out of the last 10, currently maintaining a 5-month losing streak.
The volatility index has seen a decrease of 59.2% since the start of the year. It&#8217;s natural to question whether the Federal Reserve has the ability to alter this trajectory. The answer largely depends on the actual impact of the upcoming event.
The VIX may experience an uptick if the Fed signals intentions to hike interest rates more aggressively and speed up quantitative tightening, both of which could trigger market instability. As the Fed&#8217;s decision unfolds, investors are closely monitoring the VIXY ETF.
Chart: ProShares Trust VIX Short-Term Futures ETF Price Action in 2023
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="778" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25113428/VIXY_2023-07-25_17-34-10_d3bd7-1024x778.png" alt="" class="wp-image-74596" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25113428/VIXY_2023-07-25_17-34-10_d3bd7-1024x778.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25113428/VIXY_2023-07-25_17-34-10_d3bd7-300x228.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25113428/VIXY_2023-07-25_17-34-10_d3bd7-768x584.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25113428/VIXY_2023-07-25_17-34-10_d3bd7-1536x1168.png 1536w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/07/25113428/VIXY_2023-07-25_17-34-10_d3bd7.png 1626w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Now read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33369519/top-wall-street-strategist-warns-of-possible-market-bubble-points-to-tech-concentra">Top Wall Street Strategist Warns Of Possible Market Bubble, Points To Tech Concentration In S&amp;P 500 And AI Hype</a>
Photo: <a href="https://www.flickr.com/photos/imfphoto/" target="_blank" rel="noreferrer noopener">International Monetary Fund</a> on Flickr and Shutterstock

Bonds

Currency ETFs

Treasuries

Federal Reserve

iShares Trust Barclays 20+ Year Treasury Bond Fund

PowerShares DB US Dollar Index Bullish Fund

VIXY

Will Jerome Powell Be Hawkish Or Dovish? How These 5 ETFs Could React To The Fed's Rate Decision Wednesday

A top Wall Street analyst has issued a cautionary note, warning of a potential sharp reversal in the stock market during the <a href="https://www.benzinga.com/news/earnings/23/06/33001575/market-volatility-increases-s-p-500-snaps-5-week-winning-streak" target="_blank" rel="noreferrer noopener">second half of 2023</a>. 
According to Michael Wilson, Morgan Stanley&#8217;s chief U.S. equity strategist and chief investment officer, the market&#8217;s headwinds presently outweigh its tailwinds, indicating a significant likelihood of a severe correction. Wilson&#8217;s estimate implies that the S&amp;P 500 Index, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) may see a 10% drop in the second half of the year, with a target level of 3,900. 
<h2 class="wp-block-heading">Why Is Morgan Stanley Near-Term Bearish On The Stock Market?</h2>
&#8220;A 20% rally does not guarantee [the] bear market is over,&#8221; Wilson wrote in his latest presentation. 
The analyst drew on the historical parallel of the period immediately following World War II, between 1946 and 1949, when the S&amp;P 500 made a double bottom after rallying 24% from the first low.
Chart: S&amp;P 500 Index Price Action 1945-1949
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="737" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/26102358/SPX_2023-06-26_16-23-05_e3589-1024x737.png" alt="" class="wp-image-57923" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/26102358/SPX_2023-06-26_16-23-05_e3589-1024x737.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/26102358/SPX_2023-06-26_16-23-05_e3589-300x216.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/26102358/SPX_2023-06-26_16-23-05_e3589-768x553.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/26102358/SPX_2023-06-26_16-23-05_e3589-1536x1106.png 1536w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/26102358/SPX_2023-06-26_16-23-05_e3589.png 1708w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
This pessimistic outlook stems from Morgan Stanley&#8217;s lower-than-expected earnings forecast for the year, which anticipates pricing erosion and disappointing top-line performance. 
&#8220;The Equity risk premium is at very unattractive levels, particularly given our earnings outlook,&#8221; Wilson said. The expert highlighted that stocks are trading in a &#8220;high risk zone,&#8221; susceptible to a sharp rise in the equity risk premium.
<h2 class="wp-block-heading">Headwinds From Restrictive Monetary and Fiscal Policies</h2>
Furthermore, Morgan Stanley noted that the United States&#8217; economic policies are turning more restrictive, putting additional pressure on equities. 
The liquidity environment is rapidly deteriorating, owing to record levels of Treasury issuance and quantitative tightening. Morgan Stanley predicts that bank reserves will shrink by $500-800 billion over the next six months, potentially lowering equity valuations. Wilson noted that the money supply growth is at the lowest levels since the 1930s.
Read Also: <a href="https://www.benzinga.com/government/23/06/32971034/jerome-powell-big-us-banks-could-see-20-increase-in-capital-requirements-2-more-interest-rate-hikes" target="_blank" rel="noreferrer noopener">Jerome Powell: Big US Banks Could See 20% Increase In Capital Requirements, 2 More Interest Rate Hikes Could Come In 2023</a>
Fiscal support is expected to peak and reverse next month, potentially creating a headwind of 6 percentage points to nominal GDP over the next year.
The outlook is more optimistic for 2024, as Wilson expects another earnings boom following a &#8220;proper bust&#8221; in 2023. 
<h2 class="wp-block-heading">Alternative Scenario? The Average Stock Will Fare Better, Value Will Stage A Comeback</h2>
Wilson also made recommendations for an alternative scenario. 
Should his earnings forecast be incorrect, he expects market breadth to improve, with the equal-weighted S&amp;P 500, as tracked by the Invesco S&amp;P 500 Equal Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>), outperforming the market-cap weighted S&amp;P 500. 
The average stock is expected to fare relatively better both in a more optimistic and more pessimistic scenario, either by rising more or declining less. 
Furthermore, Morgan Stanley believes that value stocks, as tracked by the Ishares Russell 1000 Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWD#NYSE">IWD</a>), may outperform growth stocks, which are tracked by the Ishares Russell 1000 growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>) as defensive sectors regain their previous year&#8217;s leadership.
Now Read: <a href="https://www.benzinga.com/news/23/06/32996680/elon-musks-biographer-says-billionaires-difficult-childhood-unleashes-a-demon-mode-that-makes-him-a">Elon Musk&#8217;s Biographer Says Billionaire&#8217;s Difficult Childhood Unleashes A &#8216;Demon Mode&#8217; That Makes Him A Tough Leader</a>
Chart: Year-to-date returns of S&amp;P 500 (market-weighted and equal-weighted), Value and Growth Stocks
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="737" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/26103103/IWF_2023-06-26_16-30-25_bd457-1024x737.png" alt="" class="wp-image-57929" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/26103103/IWF_2023-06-26_16-30-25_bd457-1024x737.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/26103103/IWF_2023-06-26_16-30-25_bd457-300x216.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/26103103/IWF_2023-06-26_16-30-25_bd457-768x553.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/26103103/IWF_2023-06-26_16-30-25_bd457-1536x1106.png 1536w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/26103103/IWF_2023-06-26_16-30-25_bd457.png 1708w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

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Price Target

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Rydex ETF Trust Rydex S&P Equal Weight ETF

Top Wall Street Analyst Warns Of 'Proper Bust' In 2023: Stocks Are Trading In 'High Risk Zone'

올해 들어 지금까지 가치주는 성장주에 대한 시장의 기대를 뒤집어 놓았다. 러셀 1000 가치 지수가 단 3개월 만에 러셀 1000 성장 지수를 11% 상회한 것이다.
iShares Russell 1000 Value ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWD#NYSE">IWD</a>)는 러셀 1000 가치 지수를 추적하고, iShares Russell 1000 Growth ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>)는 러셀 1000 성장 지수를 추적하는데, 올해는 가치 지수 펀드가 10% 가까이 앞서고 있다.
지난번 동일한 상황이 발생했던 시기는 2022년 하락장 때였다. 금리 상승, 지속적인 인플레이션, 그리고 부당한 고평가로 인해 투자자들은 자금을 더 안전한 곳에 투자하기 위해 서둘러 움직였다. 그러나 2024년에는 금리 인하와 기술 및 AI 주식의 강력한 모멘텀에 힘입어 성장주가 다시 모멘텀을 회복했다.
현재 미국 증시는 관세, 지정학적 긴장, 그리고 <a href="https://www.benzinga.com/markets/equities/25/03/44554304/goldman-sachs-raises-us-recession-risk-to-35-expects-inflation-at-3-5-in-2025-amid-tariff-uncertainties-economist-mohamed-el-erian-highlights-stagflationary-twist">새로운 경기침체 우려</a>까지 겹쳐 혼란에 빠진 상태다. 투자자들은 다시 한 번 가치주에서 안정을 찾고 있다. 그러나 이러한 현상이 계속될까, 아니면 반전을 기다리고 있는 일시적인 추세일까?
<h3>가치주가 더 탄력적인 이유는?</h3>
가치주는 자산, 수익, 미래 전망에 비해 현재 저평가된 주식이다. 따라서 변동성과 불확실성이 높은 시기에는 특히 성장주와 비교할 때 하락 위험이 제한적이다.
이 외에도 가치주, 펀드, ETF는 일반적으로 관세의 영향을 받지 않는 헬스케어 및 유틸리티 같은 분야에 집중되어 있다. 마찬가지로, 미국에서 가치주의 다른 큰 부분을 차지하는 기초 소재, <a href="https://in.benzinga.com/news/guidance/25/03/44432858/us-steel-faces-q1-pressures-but-eyes-long-term-gains-from-br2-nippon-partnership">철강</a>, 알루미늄 및 기타 산업은 트럼프 대통령의 무역 전쟁의 혜택을 받을 것으로 보인다.
<h3>2025년에 가치주가 반등할 이유는?</h3>
블랙록(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) 최고투자책임자인 토니 데스피리토에 따르면, 올해 시장수익률이 시장수익률을 상회할 것으로 예상되는 또 다른 이유는 성장주가 최근 몇 년 동안 경험한 놀라운 상승세 때문이다. 성장주는 현재 S&amp;P 500 지수의 거의 40%를 차지하고 있으며, 이는 과거 평균인 24%보다 훨씬 높은 수치다.
이는 투자자들이 시장 혼란과 불확실성이 존재하지 않더라도 가치주 선택에 대한 다각화와 더 많은 노출을 추구할 것이기 때문에 조정이 필요하다는 것을 의미한다.
또한 데스피리토는 러셀 성장 지수와 가치 지수 간의 밸류에이션 격차가 2000년 12월 이후 가장 큰 수준에 도달했다고 언급했는데, 이는 2002년까지 3년 동안 지속된 약세장을 촉발한 2000년 12월 이후 가장 큰 수준이다.
이미지 출처: Shutterstock
Benzinga Pro의 독점 뉴스 및 도구로 수익률을 높이세요.
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

메타 플랫폼스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)의 주가는 금요일에 52주와 사상 최고치인 540.87달러를 기록했다. 이 미국의 거대 기술 기업은 주주 가치를 극대화하기 위한 인공 지능 야망에 공격적으로 투자하고 있다.
메타는 새로운 다중 토큰 예측 방법을 활용한 사전 훈련 모델을 출시하여 인공지능에 대한 새로운 접근 방식을 도입했다. 벤처 비트(Venture Beat)의 <a href="https://venturebeat.com/ai/meta-drops-ai-bombshell-multi-token-prediction-models-now-open-for-research/" target="_blank" rel="noreferrer noopener">보도</a>에 따르면, 이 새로운 기술은 4월 메타 연구 논문에 자세히 설명되어 있으며, 연속된 단어에서 다음 단어를 예측하는 전통적인 대형 언어 모델(LLM) 훈련 방법과는 상당히 다르다.
메타의 접근 방식은 모델이 여러 미래의 단어를 동시에 예측하도록 훈련하여 성능을 향상시키고 훈련 시간을 대폭 단축시킨다.
메타의 모델은 여러 토큰을 동시에 예측함으로써 언어 구조와 맥락에 대한 보다 미묘한 이해를 달성할 수 있다.
이를 통해 코드 생성, 창의적 글쓰기 등 다양한 작업이 크게 향상될 수 있다. 메타는 허깅 페이스(Hugging Face)에 대한 비상업적 연구 라이선스에 따라 이러한 모델을 출시했다.
별도의 보도에 따르면 메타는 보다 생성적인 AI 기술을 가상 현실(VR), 증강 현실(AR) 및 혼합 현실 게임에 통합하여 메타버스 전략을 강화할 계획이다.
테크크런치(TechCrunch)의 <a href="https://techcrunch.com/2024/07/02/meta-plans-to-bring-generative-ai-to-metaverse-games/" target="_blank" rel="noreferrer noopener">보도</a>에 따르면 이 회사는 생성 AI를 기반으로 하는 혁신적인 게임플레이를 통해 새로운 소비자 경험을 개발하는 것을 목표로 하고 있다.
최근 채용 공고에 따르면 메타는 비결정적 경로를 활용하여 플레이할 때마다 독특한 경험을 제공하는 게임을 연구하고 프로토타입하려고 한다.
또한 이 회사는 제3자 제작자 및 공급업체와 협력하여 작업 흐름을 향상하고 게임 출시 시간을 단축하는 생성적 AI 기반 도구를 만들 계획이다.
주요 초점은 메타의 메타버스 게임, 앱 및 생성 도구 제품군인 호라이즌(Horizon)에 있다.
한편 메타의 스레드(Threads)는 <a href="https://www.benzinga.com/news/24/07/39620316/metas-threads-set-to-challenge-x-with-new-ad-strategy-report" target="_blank" rel="noreferrer noopener" data-google-interstitial="false">월간 사용자가 1억 7,500만 명</a> 이상으로 성장하여 일론 머스크의 X를 빠르게 따라잡았다.
니덤(Needham)의 분석가 로라 마틴(Laura Martin)과 전 메타 직원과의 대화에서 생성 AI가 이미 메타의 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39580475/time-to-cash-out-analyst-recommends-tapping-into-meta-as-prime-funding-source" target="_blank" rel="noreferrer noopener">콘텐츠 생성과 수익</a> 창출의 약 20%에 영향을 미치는 것으로 나타났다.
마틴은 메타가 수익화 프로세스 전반에 걸쳐 생성 AI를 통합하여 향후 2~3년 동안 GPU 투자를 늘릴 것으로 예상한다.
메타 주식은 지난 12개월 동안 80% 상승했다. 투자자들은 Communication Services Select Sector SPDR Fund(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) 및 iShares Russell 1000 Growth ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>)를 통해 주식에 노출될 수 있다.
주가 움직임: 금요일 메타의 주식의 가격은 5.87% 상승한 539.91달러로 마감했다.
면책 조항: 이 콘텐츠 일부는 인공 지능 도구를 활용하여 작성되었으며 Benzinga 편집인들이 검토하고 발표했습니다.
Image made via photos on Shutterstock

탄탄한 수익 성장, 높은 가치 평가, 강력한 혁신 잠재력을 특징으로 하는 성장 주식에 초점을 맞춘 상장지수펀드(ETF)는 <a href="https://www.benzinga.com/etfs">6월에 자금 유입</a>이 증가했다.
성장연계 펀드에 대한 관심의 급증은 기술 부문에 대한 투자자의 신뢰 증가와 인공 지능(AI)과 같은 파괴적인 혁신을 반영하여 가치주에 비해 성장주의 상당한 성과와 일치했다.
운용자산(AUM) 기준으로 가장 큰 8개 성장연계 ETF는 이달 초부터 6월 24일까지 총 122억 달러 상당의 자금이 유입되었다.
선두를 달리고 있는 뱅가드 성장 ETF(Vanguard Growth ETF)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>)는 ETF 동종 업계 중 가장 높은 월별 유입을 기록하며 인상적인 56억 8천만 달러를 유치했다. 이 놀라운 수치는 Vanguard Growth ETF의 월간 최고 유입으로 기록될 예정이며, 6월에는 iShares Core S&amp;P 500 ETF(NYE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>)가 유치한 약 100억 달러에 이어 2위를 차지했다.
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<thead>
<tr>
<th>성장 ETF</th>
<th>AUM</th>
<th>6월 자금 유입(6월 24일 기준)</th>
</tr>
</thead>
<tbody>
<tr>
<td>뱅가드 성장 ETF</td>
<td>139.84B 달러</td>
<td>5.68B 달러</td>
</tr>
<tr>
<td>IShares Russell 1000 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>)</td>
<td>97.00B 달러</td>
<td>0.03B 달러</td>
</tr>
<tr>
<td>IShares S&amp;P 500 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVW#NYSE">IVW</a>)</td>
<td>52.96B 달러</td>
<td>4.01B 달러</td>
</tr>
<tr>
<td>슈왑 U.S. 대형주 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHG#NYSE">SCHG</a>)</td>
<td>30.62B 달러</td>
<td>0.44B 달러</td>
</tr>
<tr>
<td>SPDR 포트폴리오 S&amp;P 500 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPYG#NYSE">SPYG</a>)</td>
<td>29.40B 달러</td>
<td>0.47B 달러</td>
</tr>
<tr>
<td>뱅가드 메가캡 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGK#NYSE">MGK</a>)</td>
<td>22.39B 달러</td>
<td>1.08B 달러</td>
</tr>
<tr>
<td>뱅가드 러셀 1000 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VONG#NYSE">VONG</a>)</td>
<td>20.81B 달러</td>
<td>0.08B 달러</td>
</tr>
<tr>
<td>IShares 코어 S&amp;P U.S. 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IUSG#NYSE">IUSG</a>)</td>
<td>18.94B 달러</td>
<td>0.15B 달러</td>
</tr>
<tr>
<td>뱅가드 스몰캡 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VBK#NYSE">VBK</a>)</td>
<td>17.25B 달러</td>
<td>0.26B 달러</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>총계</td>
<td></td>
<td>12.2B 달러</td>
</tr>
</tfoot>
</table><figcaption class="wp-element-caption">출처: TradingView</figcaption></figure>
<h3 class="wp-block-heading">가치에 비해 매출 급증한 성장주</h3>
동료인 Vanguard Value ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>)에 대한 Vanguard Growth ETF의 상대 성과는 6월에 새로운 최고 기록을 세웠으며, <a href="https://www.benzinga.com/pro/register0524b?utm_source=BZprocontent062524&amp;t=be2bearmibe3na1">Benzinga Pro</a>의 아래 차트에 설명된 바와 같이 2021년 11월에 달성한 이전 최고치를 넘어섰다.
6월 성장 스타일의 뛰어난 성과를 이끈 주요 원동력은 거대 기술 기업인 엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)와 애플(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)이며, 각각 15%와 8.8%의 강력한 상승세를 보였다.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/pro/register0524b?utm_source=BZprocontent062524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" class="wp-image-405212" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-1024x460.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-1024x460.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-300x135.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-768x345.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-1536x690.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56.png 1920w" alt="" width="1024" height="460" /></a></figure>
다음 기사
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39440559/growth-stocks-leave-value-stocks-in-the-dust-4-reasons-for-biggest-monthly-lead-in-">성장주가 가치주를 뒤흔들다: 지난 1년 동안 월간 상승폭이 가장 컸던 4가지 이유</a></li>
</ul>

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