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IWO

iShares Russell 2000 Growth ETF

https://www.ishares.com/us/products/239709/ishares-russell-2000-growth-etf

Industry

Asset Management

The fund generally invests at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index (i.e., depositary receipts representing securities of the underlying index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

Open

306.09

Mkt cap

14B

Volume

247K

High

310.78

P/E Ratio

19.39

52-wk high

314.34

Low

306.09

Div yield

0.01

52-wk low

223.13

AST SpaceMobile (NASDAQ:ASTS) stock is trading higher after CEO Abel Avellan announced a strategic partnership with Verizon (NYSE:VZ) and an existing agreement with AT&T (NYSE:T) to deploy a space-based cellular broadband network. The partnership aims to eliminate connectivity gaps in the U.S. and includes capital via prepayments and convertible notes. AST SpaceMobile plans to deploy a significant commercial communications satellite in low Earth orbit. The stock has gained over 155% in the last 12 months. Investors can also gain exposure via iShares Russell 2000 ETF (NYSE:IWM) and iShares Russell 2000 Growth ETF (NYSE:IWO).

Portfolio Pulse from Anusuya Lahiri

July 01, 2024 | 2:47 pm

AST SpaceMobile (NASDAQ:ASTS) has appointed Chris Sambar, Head of Network at AT&T (NYSE:T), to its Board of Directors as the company prepares for its first commercial satellite launch. The stock saw some recovery after a recent selloff. AST SpaceMobile has strategic investments from major companies and a contract with the U.S. Government. The stock has gained 56% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 24, 2024 | 3:50 pm

Xponential Fitness, Inc. (NYSE:XPOF) shares surged after announcing Mark King as the new CEO, effective June 17, 2024. King, with a strong background in leading global consumer brands, will succeed Brenda Morris. XPOF stock has dropped over 46% in the past year but rose 26.5% following the announcement. Investors can also gain exposure through IShares Russell 2000 Growth ETF (NYSE:IWO) and Vanguard U.S. Value Factor ETF (BATS:VFVA).

Portfolio Pulse from Shivani Kumaresan

June 17, 2024 | 4:29 pm

AST SpaceMobile (NASDAQ:ASTS) stock is soaring due to a filing for the resale of up to 10.45 million shares and positive sentiment from Apple's (NASDAQ:AAPL) iOS 18 launch with satellite messaging. Verizon (NYSE:VZ) and AT&T (NYSE:T) are collaborating with AST SpaceMobile for a 2024 broadband network. Globalstar (NYSE:GSAT) also saw gains, benefiting from its 2022 partnership with Apple. Investors can gain exposure to AST SpaceMobile via iShares Russell 2000 ETF (NYSE:IWM) and iShares Russell 2000 Growth ETF (NYSE:IWO).

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 6:15 pm

Super Micro Computer, Inc (NASDAQ:SMCI) introduced a liquid-cooled AI data center optimized for Nvidia Corp AI Enterprise software, promising significant improvements in AI performance and efficiency. The company also announced new products based on Nvidia Blackwell architecture and showcased upcoming systems at COMPUTEX 2024. Supermicro stock is trading up following Taiwan Semiconductor Manufacturing Co’s (NYSE:TSM) price hike news. The stock has gained 245% in the last 12 months, and investors can gain exposure via iShares Russell 2000 Growth ETF (NYSE:IWO) and Vanguard Total Stock Market ETF (NYSE:VTI).

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 1:17 pm

Beyond Meat Inc. (NASDAQ:BYND) faces challenges as Carl's Jr. and Del Taco, owned by Jack In The Box Inc. (NASDAQ:JACK), remove its products due to declining consumer interest. Despite a recent stock rally, Beyond Meat's first-quarter revenue fell 18% year-over-year. Investors can gain exposure via Vanguard Consumer Staples ETF (NYSE:VDC) and iShares Russell 2000 Growth ETF (NYSE:IWO).

Portfolio Pulse from Shivani Kumaresan

May 21, 2024 | 10:35 am

Analyst Ryan Detrick from Carson Group suggests that the strong performance of small-cap stocks, as indicated by the Russell 2000 Index's 12.05% gain in December, bodes well for the S&P 500's future performance. Historical data shows that when the Russell 2000 has a strong December, the S&P 500 tends to perform positively in the following six months to a year. Gene Munster of Deepwater Asset Management predicts that the iShares Russell 2000 Growth ETF (IWO) will outperform the SPDR S&P 500 ETF Trust (SPY) in 2024, especially if the Federal Reserve reverses rate hikes and the economy avoids a hard landing.

Portfolio Pulse from Shanthi Rexaline

January 01, 2024 | 4:55 pm

The S&P 500 is set to end the year with a 24.6% gain, led by Nvidia and Meta Platforms with YTD gains of 239% and 198%, respectively. Other top performers include Royal Caribbean, Builders FirstSource, Uber, Palo Alto Networks, and Tesla. The 'Magnificent Seven' mega-cap tech stocks, including Amazon, Alphabet, Microsoft, and Apple, also saw significant gains. Analysts predict smaller tech companies may outperform large-caps in 2024, with the iShares Russell 2000 Growth ETF potentially outperforming the SPDR S&P 500 ETF Trust. Tesla could maintain its market share despite pessimistic expectations, and a potential Federal Reserve rate cut in 2024 may increase risk appetite and draw investors back into the stock market.

Portfolio Pulse from Shanthi Rexaline

December 29, 2023 | 11:02 am

Deepwater Asset Management, co-founded by Gene Munster, has released its tech predictions for 2024 after achieving an 87.5% success rate with its 2023 predictions. The firm anticipates the iShares Russell 2000 Growth ETF (IWO) to outperform the SPDR S&P 500 ETF Trust (SPY), and expects tech companies like CrowdStrike (CRWD), Palo Alto Networks (PANW), and Datadog (DDOG) to be in acquisition mode. Apple (AAPL) is predicted to enhance Siri with AI and sell 400,000-500,000 units of Vision Pro, but not release new devices in the Vision line. Tesla (TSLA) is expected to maintain its U.S. EV market share in 2024. Deepwater also predicts Apple may acquire Peloton (PTON), and Take-Two Interactive (TTWO) could be the top U.S. gaming stock due to GTA VI anticipation. AI is expected to disrupt the 2024 presidential election with deepfakes. The Technology Select Sector SPDR Fund (XLK) saw a slight increase.

Portfolio Pulse from Shanthi Rexaline

December 27, 2023 | 3:59 pm

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