AdvisorShares Gerber Kawasaki ETF (ARCA: GK)

Ultime notizie per AdvisorShares Gerber Kawasaki ETF (ARCA:GK)

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The fund Ranging from emerging technologies to more widespread ideas, GKs multiple investment themes are based on high conviction, sustainable longer-term trends believed to be transforming the world. GK invests in large, mid, or small cap stocks of newer or well-established companies demonstrating profits or near-term profitability, innovating their industry, growing market share, and offering the opportunity for long-term capital appreciation.

Microsoft Corp

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Apple Inc

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Alphabet Inc-cl C

 Lennar Corp.

Novo Nordisk, Adr

Netflix Inc.

Trane Technologies Plc

Walt Disney Co

AdvisorShares Gerber Kawasaki ETF

Guskin Gold Corp

Greenkraft Inc

Glaukos Corp

GEEKCO TECHNOLOGIES CORP by Geekco Technologies Corporation

Geekco Technologies Corp

GATEKEEPER SYSTEMS INC by Gatekeeper Systems Inc.

Gatekeeper Systems Inc

GRUPO KUO SAB DE CV B ORD by Grupo Kuo SAB de CV

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GRENKELEASING AG BDN NEW by Grenkeleasing AG

Grenke AG

GEK Terna Holding Real Estate Construction SA

In a year marked by strong market performance, prominent fund managers Gary Black, Ross Gerber, and Cathie Wood are showing mixed results against the benchmark S&amp;P 500&#8217;s impressive 25.97% year-to-date return, <a href="https://www.benzinga.com/24/11/41890755/microstrategy-marathon-digital-holdings-coinbase-cleanspark-and-tesla-5-stocks-on-investors-radars-today-amid-bitcoin-buzz">according to recent market data</a>.
What Happened: Black&#8217;s Future Fund Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFND#NYSE">FFND</a>) has emerged as the strongest performer among the group, posting a 25.35% year-to-date return. The $6.23 million fund, which holds NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) as its largest position at 9.39% of the portfolio, has nearly matched the broader market&#8217;s gains.
Gerber&#8217;s AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>) has also delivered a strong performance, with a 21.35% year-to-date return. The $22.33 million fund maintains Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) as its largest holding at 7.71% of the portfolio.
Wood&#8217;s flagship ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), despite its significantly larger asset base of $5.78 billion, has lagged behind with a 10.46% year-to-date return. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) remains ARKK&#8217;s largest position at 14.06% of the portfolio.
Kevin Paffrath&#8216;s The Meet Kevin Pricing Power ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PP#NYSE">PP</a>), managing $36.99 million in assets, has struggled to keep pace with its peers, returning just 2.59% year-to-date. The fund&#8217;s largest position is Rocket Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) at 12.75% of the portfolio.
See Also: <a href="https://www.benzinga.com/24/11/41890755/microstrategy-marathon-digital-holdings-coinbase-cleanspark-and-tesla-5-stocks-on-investors-radars-today-amid-bitcoin-buzz">Microstrategy, Marathon Digital Holdings, Coinbase, Cleanspark, And Tesla: 5 Stocks On Investors&#8217; Radars Today Amid Bitcoin Buzz</a>
Why It Matters: The comparison was notably highlighted by Black on X, coming after a strong week for markets that saw major indices gain between 4.6% and 5.7% following Donald Trump&#8216;s election victory.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">YTD Performance of representative ETFs: &#8211; <a href="https://twitter.com/search?q=%24FFND&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FFND</a> +26.6% &#8211; <a href="https://twitter.com/search?q=%24GK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GK</a> +21.9% &#8211; <a href="https://twitter.com/search?q=%24ARKK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARKK</a> +10.5% &#8211; <a href="https://twitter.com/search?q=%24PP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PP</a> +2.8% SPX +25.8% <a href="https://t.co/TLOu3iyLbQ">pic.twitter.com/TLOu3iyLbQ</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1856143445598851128?ref_src=twsrc%5Etfw">November 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/11/41891026/palantir-overtakes-lockheed-martin-in-market-cap-how-does-the-messi-of-ai-stack-up-against-the-traditional-defense-player">Palantir Overtakes Lockheed Martin In Market Cap, How Does The &#8216;Messi Of AI&#8217; Stack Up Against The Traditional Defense Player</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Ross Gerber, Cathie Wood Or Gary Black? Whose Funds Stack Up Against S&P 500's Gains In 2024?

Trane Technologies plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) shares are trading higher after the company reported third-quarter&nbsp;financial <a target="_blank" href="https://benzinga.com/pressreleases/24/10/b41619984/trane-technologies-reports-strong-third-quarter-results-and-raises-2024-revenue-and-eps-guidance" rel="noreferrer noopener">results and&nbsp;raised its FY24&nbsp;guidance</a>.
Revenues grew&nbsp;11%&nbsp;year-over-year to&nbsp;$5.44 billion, surpassing the consensus of&nbsp;$5.32 billion. Bookings increased&nbsp;5%&nbsp;to $5.213 billion in the quarter.
Enterprise reported an&nbsp;11%&nbsp;increase in both revenues and organic revenues. The backlog totaled&nbsp;$7.2 billion, versus $6.9 billion at year-end 2023.
Adjusted EBITDA rose 18%&nbsp;to&nbsp;$1.127 billion, with margin expansion of 120&nbsp;bps Y/Y to&nbsp;20.7%. Adjusted&nbsp;EPS of&nbsp;$3.37 surpassed&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the street view of&nbsp;$3.24</a>.
As of September 30, 2024, operating cash flow from continuing operating activities reached $2.3 billion, while free cash flow amounted to $2 billion. As of September&nbsp;30, cash and equivalents stood at&nbsp;$1.93 billion.
Year-to-date through October, the company deployed or committed around&nbsp;$2.0 billion&nbsp;in capital, including&nbsp;$800 million&nbsp;for dividends and&nbsp;$1 billion&nbsp;for share repurchases.
Trane Technologies plans to maintain a competitive and growing dividend while deploying&nbsp;100%&nbsp;of excess cash to shareholders over time.
<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">Outlook</a>: Trane Technologies raised FY24 organic revenue growth&nbsp;outlook to&nbsp;11%&nbsp;(prior view&nbsp;10%) and adjusted the EPS&nbsp;outlook to&nbsp;$11.10&nbsp;(from <a target="_blank" href="https://www.benzinga.com//node/40075367" rel="noreferrer noopener">$10.80) vs.&nbsp;consensus of&nbsp;$10.90</a>.
Investors can gain exposure to the stock via&nbsp;Invesco Building &amp; Construction ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKB#NYSE">PKB</a>) and&nbsp;AdvisorShares Gerber Kawasaki ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>).
Price Action: TT shares are down 4.58% at $372.72 at the last check Wednesday.
Read Next:
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Trane Technologies Delivers Strong Q3: Revenue And EPS Outpace Expectations Amid Rising Demand

Ross Gerber,&nbsp;co-founder, president and CEO of Gerber Kawasaki Wealth and Investment Management, sees &#8220;massive&#8221; investing opportunity<a href="https://www.benzinga.com/cannabis"> in the cannabis space</a>. 
Supporting Cannabis: Tuesday at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/" target="_blank" rel="noreferrer noopener">Benzinga Cannabis Capital Conference</a>&nbsp;in&nbsp;Chicago, Gerber gave passionate support for cannabis and provided his outlook for the industry.
<a href="https://www.benzinga.com/markets/cannabis/24/09/41029459/multi-billion-dollar-fund-manager-ross-gerber-will-discuss-cannabis-and-its-financial-future-at-">Gerber</a> is one of the few advocates for cannabis in the institutional investing world and likely one of the only investment advisors that recommends cannabis to clients. 
AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>) is the only exchange-traded fund in the world that gives investors exposure to both cannabis companies and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in the same place, the fund manager said. 
He&#8217;s been a longtime supporter of cannabis legalization, dating back to his college days at the University of Pennsylvania, where he <a href="https://www.benzinga.com/markets/cannabis/24/09/41029459/multi-billion-dollar-fund-manager-ross-gerber-will-discuss-cannabis-and-its-financial-future-at-">led the largest cannabis rally</a> in the history of the school. That&#8217;s what inspired him to support federal cannabis legalization throughout his life, he said. 
Gerber told the packed crowd at the Marriott Magnificent Mile that the prohibition of cannabis was included in the Jim Crow laws introduced in the late 19th and early 20th centuries to stop people from voting and throw people in jail for whatever reason they wanted. 
&#8220;Cannabis is the last of these laws and it must be repealed,&#8221; Gerber said. &#8220;It&#8217;s embarrassing!&#8221;
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41216874/cannabinoids-show-promising-anti-cancer-potential-yet-mechanisms-remain-unclear-new-study">Cannabinoids Show Promising Anti-Cancer Potential Yet Mechanisms Remain Unclear, New Study</a>
Betting On Cannabis Legalization: The advancement of cannabis is currently in what Gerber calls &#8220;stage two.&#8221; In the first stage, former illegal sellers of cannabis became legal but ran into problems running the businesses. Now incredible operators are coming into the space, he said. 
&#8220;These are the best companies that I have ever seen operated because they can exist with literally everything rigged against them. And the best part is that when these laws change, these companies will be wildly profitable,&#8221; Gerber said. 
&#8220;And that&#8217;s why I&#8217;m here. Because I think cannabis is one of the biggest opportunities for investors that exists today outside of things like <a href="http://benzinga.com/topic/ai">AI</a>.&#8221;
Many cannabis companies are using new technologies in the growth process, the fund manager said, adding that he recently went and saw some of the technology first-hand. He noted that he can&#8217;t help but laugh to himself when he looks at the quality of management and product at these companies and then looks at the valuations. 
The total market cap of all of the public cannabis companies that trade in Canada combined is somewhere between $10 billion and $15 billion. Gerber said he believes there is a $200 billion to $300 billion growth opportunity in cannabis over the next decade. 
Rescheduling alone probably &#8220;doubles the value&#8221; of all cannabis companies because of the way it changes tax laws, he said. SAFE Banking is more of a &#8220;half measure&#8221; and should be pushed toward full legalization, he added. 
If we get rescheduling followed by full legalization, all cannabis companies are going to be worth approximately three times as much as they are today, Gerber said. 
&#8220;I can&#8217;t tell you the tsunami of money that would go into this industry if it was legalized because young people today want to invest in cannabis companies,&#8221; Gerber said.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41230957/why-canopys-brand-first-strategy-could-set-it-apart-from-tilray-and-aurora-heres-wh">Why Canopy&#8217;s &#8216;Brand-First&#8217; Strategy Could Set It Apart From Tilray And Aurora – Here&#8217;s What Investors Should Watch</a></li>
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<li><a href="https://www.benzinga.com/markets/cannabis/24/04/38275122/exclusive-florida-on-cusp-of-adult-use-legalization-cannabis-sales-boom-ceo-tells-benzinga-confe">EXCLUSIVE: Florida On Cusp Of Adult-Use Legalization Cannabis Sales Boom, CEO Tells Benzinga Conference — &#8216;It&#8217;s Going To Be Huge&#8217;</a></li>
</ul>
Photo by Wendy Davis.

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EXCLUSIVE: Ross Gerber Sees 'Tsunami Of Money' Pouring Into Cannabis Companies Upon Federal Legalization, Says Cannabis Is One Of 'Biggest' Opportunities Beyond AI

<a href="https://www.benzinga.com/events/cannabis-conference/livestream/" title="https://www.benzinga.com/events/cannabis-conference/livestream/">https://www.benzinga.com/events/cannabis-conference/livestream/</a>

Exclusives

MSOS

Investor Ross Gerber Says My Goal Is When Legalization Happens Is To Work With Companies In The Industry; Want To Be Investment Firm That Works With Cannabis Companies (Gerber Kawasaki); We're Over Hump Now; I Am Invested In Space, Want To Invest More When Laws Change; Young People Want To Invest In Cannabis Companies

<a href="https://www.benzinga.com/events/cannabis-conference/agenda/" title="https://www.benzinga.com/events/cannabis-conference/agenda/">https://www.benzinga.com/events/cannabis-conference/agenda/</a>

Investor Ross Gerber Says Lets Say We Have Rescheduling And Full Legalization In Year; Companies Worth "3X"; I Cannot Think Of Any Business That's Had To Go Through What Cannabis Industries Had To Go Through

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Investor Ross Gerber Says: If You're A Cannabis Investor You're Going To Have To Be Patient; If We Reschedule That Actually Helps Companies Instantly With Their Profits; Rescheduling alone Doubles Value Of All Cannabis Companies

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Investor Ross Gerber [On Rescheduling] Says We Know [Cannabis] Is Harmless and Has Medical Benefits; We're In This Situation; We Have Opportunity In One Month; If You Don't Get This Done In This Cycle... We're Going To Vote You All Out

Investor Ross Gerber Says It Is An Opportunity To Support Artists; We Have 420 Music Festivals; More Opportunity We Can Create; Opportunity Could Be $50B-$60B A Year In U.S.; Current Market Cap Of Public Cannabis Companies In Canada Might Add Up To $10B-$15B; 200B-$300B Growth Opportunity

Investor Ross Gerber Says Cannabis Is One Of Biggest Opportunities For Investors That Exist Today Outside AI; Operators Have Importance To DEI; You Should Look To Build People's Lives; We Need To Take Care Of People; I Would Love To See Cannabis Industry Be Example; Give Back To Community

Investor Ross Gerber Says [Cannabis Stores] Are Nice And Appeal To A Lot Of People; First Stage Was Painful For Many, People Invested And Lost Money; Massive Opportunity In Cannabis; Important To Uphold High Standards And Not Sell To Children; Prove We Have Right To Exist; We Should Be Above [Alcohol And Smoking] Industry

Investor Ross Gerber Says You Must Vote; Convince Others To Support Candidates Who Support Cannabis Legalization; Ask Candidates On Position On Cannabis

Investor Ross Gerber Says [Jim Crow Laws] Were Created To Prevent Voting; Cannabis Is The Last Of These Laws, And It Must Be Repealed; Largest Drug Dealers Are Walgreens, CVS And Walmart

Gerber Kawasaki Wealth and Investment Management Co-Founder, President, and CEO Ross Gerber Says We Had Largest Cannabis Rally In History Of University Of Pennsylvania To This Day, 1991; Federal Cannabis Legalization Goes Back To Worst Parts Of American History

Sales of single-family homes fell last <a href="https://www.benzinga.com/real-estate/24/06/39465243/u-s-home-sales-decline-for-third-month-as-record-prices-pose-persistent-affordability-challenges-dur">month from July </a>but rose from a year ago as mortgage rates kept falling.
New single-family home sales fell 4.7% in August from the prior month to an annualized rate of 716,000, according to estimates released on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development.
That was up 9.8% from an annualized rate of 652,000 home sales in August 2023.
The latest month-over-month decline was in contrast to a 10.3% jump in single-family home sales from June to July.
Single-family home sales fell the most from July to August in the West, falling 17.8% to an annualized rate of 152,000 in that region.
Read Also: <a href="https://www.benzinga.com/real-estate/24/06/39398524/home-sales-suffer-third-worst-month-in-the-last-10-years">Home Sales Suffer Third Worst Month In The Last 10 Years</a>
Sales of all homes, which also included condominiums, townhomes and co-ops, slipped 2.5% from July to a seasonally adjusted annual rate of 3.86 million in August, according to latest figures from the National Association of Realtors (NAR). Year-over-year sales for August declined 4.2% from 4.03 million in August 2023.
"Home sales were disappointing again in August, but the recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months," NAR chief economist Lawrence Yun said.
"The home-buying process, from the initial search to getting the house keys, typically takes several months."
The interest rate on a 30-year mortgage fell to a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41024067/mortgage-demand-soars-as-fed-interest-rate-cut-fuels-housing-market-revival-next-sp">two-year low of 6.13%</a>, a week after the Federal Reserve cut interest rates by 50 basis points to mark the first Fed rate cut in four years.
Price Action: Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), one of the largest homebuilders with a market cap of $49.5 billion, slipped 1.29% to close Wednesday at $181.86.
<ul>
<li>IShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) slipped 1.71%</li>
<li>Direxion Daily Homebuilders &amp; Supplies Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAIL#NYSE">NAIL</a>) fell 4.94%</li>
<li>AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>) went up 0.17%</li>
</ul>
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</ul>
Photo: Floridastock via Shutterstock

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New US Single-Family Home Sales Fall From Prior Month — But Are Up From A Year Ago As Mortgage Rates Decline

Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) has appointed Academy Award-winning filmmaker Jared Bush as Chief Creative Officer (CCO) of Walt <a target="_blank" href="https://www.benzinga.com/news/24/08/40416476/disney-park-prices-skyrocket-new-attractions-promise-more-value" rel="noreferrer noopener">Disney Animation Studios, effective immediately.</a>
Jennifer Lee will step back from her role to focus on filmmaking full-time and oversee the Frozen franchise for the studio, the company <a target="_blank" href="https://thewaltdisneycompany.com/jared-bush-walt-disney-animation-studios/" rel="noreferrer noopener">said</a> in a press release.
As Chief Creative Officer, Bush will manage the creative output of the renowned animation studio, encompassing its films, series, and related projects.
Having been with the studio for over ten years, he won an Academy Award in 2022 for Encanto, where he served as both director and writer, and was also an executive producer for the Oscar-nominated Raya and the Last Dragon in the same year, the company said.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40946183/disney-strikes-first-look-deal-with-spider-man-director-jon-watts-report" rel="noreferrer noopener">Disney Strikes First-Look Deal With Spider-Man Director Jon Watts: Report</a>
Lee, who has served as Chief Creative Officer of Walt Disney Animation Studios since 2018, will direct and write Frozen 3 and co-write Frozen 4 with Marc Smith, also serving as executive producer for the latter.
The &#8220;Frozen&#8221; franchise holds significant importance for Disney. The original film captured cultural attention for months, grossing $1.3 billion globally and generating billions in merchandise sales, <a target="_blank" href="https://www.nytimes.com/2024/09/19/business/jennifer-lee-disney-animation-frozen.html" rel="noreferrer noopener">reported</a> The New York Times. Following its success, a Broadway musical adaptation and &#8220;Frozen&#8221; attractions were introduced at Disney theme parks. &#8220;Frozen 2,&#8221; directed by Lee and Buck, earned $1.4 billion at the box office in 2019.
According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, DIS stock has gained over 13% in the past year. Investors can gain exposure to the stock via First Trust S-Network Streaming and Gaming ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNGE#NYSE">BNGE</a>) and AdvisorShares Gerber Kawasaki ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>).
Price Action: DIS shares are trading higher by 0.09% to $93.53 at last check Friday.
Photo via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Disney Animation Shakes Things Up: Jared Bush Becomes Chief Creative Officer, Jennifer Lee Steps Back To Prepare For Frozen Sequels

The U.S. housing market has been tumultuous <a target="_blank" href="https://www.benzinga.com/economics/24/08/40259694/housing-inches-toward-buyers-market-as-mortgage-rates-fall-but-with-one-caveat-report" rel="noreferrer noopener">due to persistent interest rate hikes</a>.
However, an upward revision of<a href="https://www.benzinga.com/news/large-cap/24/08/40639345/traders-scale-back-bets-on-50-basis-point-september-rate-cut-ahead-of-fridays-key-fed-inflation-ga"> U.S. gross domestic product growth</a> in the second quarter has led speculators to reconsider their bets on a substantial 50-basis-point&nbsp;<a href="https://www.benzinga.com/markets/equities/24/08/40627044/us-dollar-oil-prices-tech-stocks-rise-as-gdp-roars-by-3-in-q2-bonds-yen-slip-as-bets-for-large-r" target="_blank" rel="noreferrer noopener">rate cut next month.</a>
With mortgage rates expected to decrease, experts advise homebuyers to act swiftly to secure the best deals before the opportunity closes.
Looking ahead, several dynamic trends are set to shape the housing market.
According to a <a href="https://www.noradarealestate.com/blog/housing-market-forecast-for-next-5-years/" target="_blank" rel="noreferrer noopener">note</a> by Norada Real Estate Investments, the market will remain strong over the next five years, though it will experience some dramatic shifts. Home prices are projected to continue rising, but at a slower pace than in recent years, offering a more gradual increase. While the supply of homes is expected to grow, addressing the previous shortage should ease the inventory crunch that has driven prices up.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40230627/a-ton-of-landlords-are-about-to-raise-rents-this-year" rel="noreferrer noopener">A Ton Of Landlords Are About To Raise Rents This Year</a>
Despite the Federal Reserve&#8217;s past rate hikes raising borrowing costs and dampening buyer enthusiasm, a gradual rate decline could rekindle demand and revitalize the market.
However, competition will remain fierce due to robust job growth, population expansion, and limited land availability.
<h3 class="wp-block-heading">2024 Forecast</h3>
The U.S. housing market is anticipated to slow, with home prices either stabilizing or seeing a slight decline. Zillow&#8217;s latest forecast for 2024 projects a 1.8% national increase in home values, indicating a period of market stability, Norada Real Estate Investments added.
Stock Opportunities
As home prices are expected to remain stable or increase modestly, homebuilders are likely to benefit from sustained demand and favorable conditions. This stability should support their revenue growth through ongoing construction and sales.
According to a June report by the<a href="https://www.nahb.org/blog/2024/06/pro-builder-housing-giants"> National Association of Home Builders</a>, the top three homebuilders by revenue, closings, and home types are:
<ul>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>): DHI stock has surged over 58% in the past year. Wells Fargo recently raised its <a href="https://www.benzinga.com/quote/DHI/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast </a>to $220 from $210 while maintaining an Overweight rating. Investors can consider the iShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) for exposure.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>): LEN stock has risen more than 52% in the past year. Wells Fargo increased its price forecast to $195 from $185, also maintaining an <a href="https://www.benzinga.com/quote/LEN/analyst-ratings" target="_blank" rel="noreferrer noopener">Overweight </a>rating. The AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>) offers a way to invest in Lennar.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>): TOL stock has jumped over 75% in the past year. Wedbush raised its<a href="https://www.benzinga.com/quote/TOL/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecast</a> to $148 from $120, keeping a Neutral rating. The Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEZ#NASDAQ">PEZ</a>) provides investment exposure.</li>
</ul>
Overall, the U.S. housing market is poised for stability this year, with modest price increases and benefits for homebuilders. Prices are projected to rise 3-5% annually through 2029, while mortgage rates are expected to stabilize above pre-pandemic levels, Norada reported. This evolving landscape, marked by a shift towards suburban and rural demand and technological advancements, will require buyers and investors to remain informed and adaptable, the report added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/08/40649198/housing-market-in-biggest-bubble-of-all-time-warns-reventure-ceo-this-situation-is-not-sustainable" target="_blank" rel="noreferrer noopener">Housing Market In &#8216;Biggest Bubble Of All Time,&#8217; Warns Reventure CEO: &#8216;This Situation Is Not Sustainable&#8217;</a></li>
</ul>

Macro Economic Events

Economics

PowerShares Dynamicnsumer Discretionary Sector Portfolio

Rate Cuts Coming: Is It The Perfect Time For Homebuyers To Strike Big Deals?

Trian Fund Management, an activist investor hedge fund co-founded by billionaire Nelson Peltz, still owns a piece of Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) after reportedly selling <a href="https://www.benzinga.com/markets/24/05/39078534/activist-investor-nelson-peltz-sells-entire-disney-stake-for-1b-after-losing-proxy-battle">its entire position</a> in late May, according to regulatory filings.
A quarterly 13-F report filed with the Securities and Exchange Commission on May 15 shows that New York-based Trian had 32.4 million shares in the company worth a total of $3.96 billion during the first quarter.
A Thursday filing revealed that Trian sold 29.7 million shares worth $3.69 billion at some point in the second quarter. But the hedge fund still owns almost 2.65 million shares worth nearly $263 million.
Trian reportedly sold <a href="https://www.benzinga.com/top-stories/24/05/39095549/the-rich-get-richer-how-one-billionaire-lost-but-still-made-hundreds-of-millions">its entire stake</a> in Disney at $120 a share as of May 29. The sale came after Peltz unsuccessfully tried to oust Disney CEO Bob Iger at an April shareholder meeting.
Read Also: <a href="https://www.benzinga.com/news/24/04/38104809/elon-musk-is-very-vocal-about-his-animosity-toward-bob-iger-but-his-bromance-with-nelson-peltz-is-go">Elon Musk&#8217;s Feud With Bob Iger Rages On, But His Bromance With Nelson Peltz Is Going Strong: &#8216;His Ideas Are Beyond Anything&#8230;&#8217;</a>
Investors voted against Peltz&#8217;s board nominees and moved to keep the entire board in place, including Iger. 
Peltz reportedly made $1 billion from the divestment, despite losing the activist battle against Disney.
The two 13-Fs also showed that Trian sold 539,884 shares of Ferguson Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) that were worth more than $166 million during the second quarter. The deal left the firm with 1.95 million shares worth $378 million.
Trian also bought 3.55 million shares of UHaul for $78.6 million, 5.36 million shares of Solventum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOLV#NYSE">SOLV</a>) for $284 million and 470,000 shares of Rentokil Initial plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTO#NYSE">RTO</a>) for $13.9 million. It sold 1.22 million shares of Sysco Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) for $99.3 million.
Price Action: Disney gained 2.66% to $88.60 by Thursday&#8217;s late-afternoon trading. Exchange-traded funds that track the stock also trended upward.
<ul>
<li>First Trust S-Network Streaming &amp; Gaming ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNGE#NYSE">BNGE</a>) gained 1.34%</li>
<li>ALPS Global Travel Beneficiaries ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JRNY#NYSE">JRNY</a>) edged up 0.02%</li>
<li>Vanguard Communication Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOX#NYSE">VOX</a>) ticked up 1.18%</li>
<li>iShares Global Comm Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IXP#NYSE">IXP</a>) went up 0.79%</li>
<li>AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>) improved 1.72%</li>
</ul>
Read Now: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/04/38096842/nelson-peltz-reflects-on-disney-proxy-battles-aftermath-i-was-very-surprised">Nelson Peltz Reflects On Disney Proxy Battle&#8217;s Aftermath: &#8216;I Was Very Surprised&#8217;</a></li>
</ul>

Gaming

FERG

iShares Trust S&P Global Telecommunications Sector Index Fund

JRNY

SOLV

Disney Still Makes Up A Chunk Of Peltz's Trian Fund Despite $4B Exit, Records Show

Trane Technologies plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) shares are trading higher after the company reported better-than-expected second-quarter financial results and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b40062571/trane-technologies-reports-strong-second-quarter-results-and-raises-2024-revenue-and-eps-guidance" rel="noreferrer noopener">raised its FY24 guidance.</a>
Revenues grew 13% Y/Y to $5.31 billion, surpassing the consensus of $5.13 billion. Bookings increased 19% Y/Y to $5.34 billion in the quarter.
Enterprise reported a 13% Y/Y increase in both revenues and organic revenues. Acquisitions contributed about 1 percentage point, which was offset by a 1 percentage point negative foreign exchange impact.
The backlog totaled $7.5 billion, including about $2.8 billion in Commercial HVAC projects for 2025 and beyond, with $1 billion added in the second quarter.
Adjusted EBITDA rose 21% Y/Y to $1.119 billion, with margin expansion of 140 bps Y/Y to 21.1%. Adjusted&nbsp;EPS of $3.30&nbsp;surpassed <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the street view of&nbsp;$3.08</a>.
For the six months that ended in June, cash flow from continuing operating activities was $959 million, and free cash flow was $810 million. As of June 30, cash and equivalents stood at $1.33 billion.
Year-to-date through July, the company deployed or committed around $1.2 billion in capital, including $379 million for dividends and $731 million for share repurchases.
Trane Technologies plans to maintain a competitive and growing dividend while deploying 100% of excess cash to shareholders over time.
<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">Outlook</a>: Trane Technologies raised FY24 organic revenue growth&nbsp;outlook&nbsp;to&nbsp;10% (prior view 8% to&nbsp;9%) and adjusted the EPS&nbsp;outlook&nbsp;to&nbsp;$10.80&nbsp;(vs.&nbsp;consensus of $10.53) <a target="_blank" href="https://www.benzinga.com//node/38513567" rel="noreferrer noopener">from $10.40&nbsp;&#8211;&nbsp;$10.50</a>.
Dave Regnery, chair and CEO said, &#8220;Given our strong first half performance and positive outlook, we are raising our full-year revenue and adjusted EPS guidance well above the high end of our prior range. With our purpose-driven strategy, proven business operating system and uplifting culture, we are well positioned to continue delivering leading growth among industrials and differentiated shareholder returns over the long term.&#8221;
Investors can gain exposure to the stock via Invesco Building &amp; Construction ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKB#NYSE">PKB</a>) and AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>).
Price Action: TT shares are up 1.80% at $334.76 at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trane Technologies Beats Q2 Expectations, Raises 2024 Guidance Amid Solid Bookings

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares have been on a downward trend for over two years, underperforming the broader market. A recent report suggests some early backers are losing faith amid the <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38580592/despite-surge-in-tesla-stock-investment-director-stresses-concerns-over-fundamental" rel="noreferrer noopener">company&#8217;s flailing fundamentals</a>.
What Happened: John Belton, a portfolio manager at Gabelli Funds, believes Tesla&#8217;s stock price is disconnected from its fundamentals, according to Reuters. &#8220;We think the stock works best when there are auto company fundamentals that justify the stock price,&#8221; he added.
Gabelli Funds entirely sold its Tesla holdings by the end of the first quarter of 2024. It previously held 65,900 shares valued at $16.37 million at the end of the fourth quarter of 2023.
Slowing Growth &amp; Shifting Strategies
Tesla&#8217;s robust sales growth, even during the pandemic, began to slow in 2022, reflecting industry-wide trends and weaker economic conditions impacting discretionary spending. Price cuts implemented to boost volume failed to significantly improve margins.
Investors who witnessed the meteoric rise coinciding with the Model Y launch in early 2020 have largely held on despite the recent downturn. However, their patience is wearing thin.
See Also: <a target="_blank" href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock" rel="noreferrer noopener">Everything You Need To Know About Tesla Stock</a>
Prominent Concerns
The Reuters report highlights growing skepticism among former &#8220;die-hard&#8221; believers. Gary Black, a prominent Tesla bull from Future Fund, remains optimistic but <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37772420/tesla-bull-gary-black-fumes-over-personal-attacks-by-ev-giants-fans-after-trimming-" rel="noreferrer noopener">has expressed dissatisfaction</a> with the company&#8217;s strategy. He advocates for a sub-$30,000 EV and increased marketing to educate potential customers.
Despite his bullishness, Black&#8217;s Future Fund Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFND#NYSE">FFND</a>) now holds only 1,842 Tesla shares, with a portfolio weighting of 2.83%, down from over 5% in March.
Gerber Kawasaki Wealth &amp; Investment Management&#8216;s Ross Gerber, another former Tesla supporter, has become <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38372928/tesla-isnt-growing-investor-ross-gerber-predicts-bad-q1-earnings-and-pokes-holes-in" rel="noreferrer noopener">a vocal critic</a> of CEO Elon Musk and the company&#8217;s direction. His firm&#8217;s ETF, the AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>), currently holds just 808 Tesla shares. Gerber criticizes Musk&#8217;s reduced involvement and the lack of a strong public relations team.
Mutual Fund Trimming
The report also mentions that 10 out of 18 mutual funds tracked by Morningstar reduced their Tesla holdings in the first quarter, with four making significant cuts exceeding 15%. Only four funds increased their positions.
Stock Struggles
Tesla&#8217;s stock has lost roughly 30% this year and 58% since its November 2021 peak. Notably, the broader market, represented by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), is near its all-time high, according to <a target="_blank" href="https://benzinga.grsm.io/register174" rel="noreferrer noopener">data from Benzinga Pro</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/05042621/newplot.jpeg" alt="" class="wp-image-371629" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/05042621/newplot.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/05042621/newplot-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="626" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/05042643/newplot-11.png" alt="" class="wp-image-371630" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/05042643/newplot-11.png 626w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/05042643/newplot-11-300x216.png 300w" sizes="(max-width: 626px) 100vw, 626px" /></figure>
Analyst Outlook
Despite the current challenges, most analysts believe Tesla&#8217;s difficulties are temporary. They remain optimistic about growth levers like energy storage, full self-driving technology, and robotaxis.
Out of 32 analysts, 9 recommend buying Tesla, 14 hold neutral ratings, and only 9 recommend selling, according to TipRanks. The average analyst price target of $176.40 suggests flat performance over the next year.
Shifting Ownership
Another noteworthy trend is the increasing ownership by retail investors, now nearly equal to institutional ownership. Events <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39154039/attention-tesla-investors-fund-manager-lists-4-key-catalysts-that-may-boost-ailing-" rel="noreferrer noopener">in the next two months</a>, including the June 13 shareholder meeting, second-quarter deliveries, and earnings reports, and the Aug. 8 &#8220;robotaxi unveil,&#8221; could significantly impact the stock price.
Tesla ended Tuesday&#8217;s session down 0.86% at $174.77, according to<a target="_blank" href="https://benzinga.grsm.io/register174" rel="noreferrer noopener"> Benzinga Pro data.</a>
Read Next: <a href="https://www.benzinga.com/news/24/06/39177443/elon-musk-reveals-how-tesla-may-split-10b-ai-budget-nvidia-to-get-billions-but-in-house-efforts-take">Elon Musk Reveals How Tesla May Split $10B AI Budget: Nvidia To Get Billions, But In-House Efforts Take Center Stage</a>
Image made via photos on Shutterstock

Analyst Color

Tech

Cult Of Tesla Crumbling: Early 'Die-Hard' Backers Bail As Musk's EV Empire Faces Reality Check Amid Stock Slump

Walt Disney Co&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) Pixar Animation Studios has started implementing the layoffs reported months ago, releasing approximately 175 staff members, constituting about 14% of its workforce.&nbsp;
These cuts primarily stem from Disney+ reducing its production of direct-to-consumer series. Since his return in November 2022, CEO Bob Iger has advocated for a more disciplined approach to streaming, the Deadline&nbsp;<a target="_blank" href="https://deadline.com/2024/05/pixar-animation-studios-staff-reductions-disney-1235728605/" rel="noreferrer noopener">reports</a>.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/05/38915821/disneys-latest-unionization-cast-vote-could-signal-shifts-in-operational-costs-and-investor-outlook" rel="noreferrer noopener">Disney&#8217;s Latest Unionization Cast Vote Could Signal Shifts in Operational Costs and Investor Outlook</a>
Despite the challenges, Pixar has struggled to produce a significant hit across all demographics since the onset of COVID-19, with distribution strategies pushing three of its films straight to streaming.&nbsp;
Now, the focus shifts to the upcoming release of &#8220;Inside Out 2,&#8221; directed by Kelsey Mann, during Father&#8217;s Day weekend from June 14 to 16, which&nbsp;is anticipated&nbsp;to be one of the summer&#8217;s major box office successes.
Previously, on January 12, an insider at Pixar confirmed to Deadline plans to reduce the workforce as part of Disney&#8217;s broader strategy to trim content spending.&nbsp;
An initial TechCrunch report suggested cuts could affect up to 20% of staff, but&nbsp;this was later adjusted&nbsp;to a smaller scale with no set timeline or specifics.
The reduction relates to moderation in Pixar&#8217;s production workflow, which had expanded rapidly under former CEO Bob Chapek.
In May, Disney reported&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38669929/walt-disney-q2-earnings-profit-beat-moderating-parks-growth-password-sharing-crackdown-and-more" rel="noreferrer noopener">revenue growth of 1%</a>&nbsp;year-on-year to $22.08 billion, marginally missing the&nbsp;analyst consensus estimate of $22.11 billion. Adjusted EPS of $1.21 beat the analyst consensus estimate of $1.09.&nbsp;
Analysts flagged Disney&#8217;s collection of best-in-class premiere assets. They said Disney&#8217;s near-term catalysts include updates on the company&#8217;s strategic priorities and profitability for the DTC segment.
Walt Disney&nbsp;stock gained over 12% in the last 12 months. Investors can gain exposure to the stock via&nbsp;AdvisorShares Gerber Kawasaki ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>) and&nbsp;Vanguard Communication Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOX#NYSE">VOX</a>)
Price Action:&nbsp;DIS shares traded higher by 0.07%&nbsp;at $102.97 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.
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