Streetbeat News

IWR

iShares Russell Mid-Cap ETF

https://www.ishares.com/us/products/239718/ishares-russell-midcap-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.

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A potential strike by the International Longshoremen's Association (ILA) could freeze activity at major U.S. ports, impacting billions of dollars worth of goods and complicating holiday shopping. The strike could cost the economy $1 billion a day, with President Biden choosing not to intervene. The standoff involves demands for a significant pay raise and concerns over labor-saving technology. ETFs like Breakwave Dry Bulk Shipping ETF (BDRY) and SPDR S&P Transportation ETF (XTN) could be affected.

Portfolio Pulse from Anthony Noto

September 30, 2024 | 4:04 pm

Carnival Corp reported strong Q3 earnings with a 15% increase in sales and record operating income. Despite beating EPS estimates, the stock slid due to lower-than-expected Q4 EPS guidance. The company projects strong growth for 2024.

Portfolio Pulse from Anusuya Lahiri

September 30, 2024 | 2:37 pm

RBC analyst Brad Erickson maintained an Outperform rating on Pinterest (NYSE:PINS) with a price target of $52, citing improved ad relevance and conversion due to strategic changes like direct links and an Amazon 3p partnership. Despite some mixed signals, Erickson remains optimistic about Pinterest's monetization improvements and structural value creation.

Portfolio Pulse from Anusuya Lahiri

July 29, 2024 | 4:25 pm

Super Micro Computer (SMCI) shares are down due to intensified US semiconductor sanctions against China and criticism from Donald Trump towards Taiwan Semiconductor Manufacturing Company (TSM). The Biden administration is considering the Foreign Direct Product Rule (FDPR) and further sanctions on Chinese chip companies. SMCI is a key supplier for Nvidia and has seen significant growth over the past year. Investors can gain exposure to SMCI through ETFs like Vanguard Mid-Cap Growth ETF (VOT) and iShares Russell Mid-Cap ETF (IWR).

Portfolio Pulse from Anusuya Lahiri

July 17, 2024 | 3:04 pm

Large-cap ETFs VOO and SPY added $1.99 billion and $1.67 billion in net assets respectively over the trailing week, while IWD and IWR lost $4.31 billion and $1.54 billion respectively. VOO and SPY's largest holdings are Apple and Microsoft, while IWD's are Berkshire Hathaway and Exxon Mobil, and IWR's are DexCom and Marvell Technology.

Portfolio Pulse from Johnny Rice

June 30, 2023 | 5:51 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.