Streetbeat News

MILN

Global X Millennials Consumer ETF

http://www.globalxfunds.com/funds/miln/

Industry

Asset Management - Global

The fund invests more than 80% of its total assets in the securities of the underlying index. The underlying index is designed to measure the performance of U.S. listed companies that provide exposure to the millennial generation consumption trends, (collectively, "Millennial Companies"), as defined by the index provider. The millennial generation refers to the demographic in the U.S. with birth years ranging from 1980 to 2000.

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Starbucks Corporation (NASDAQ:SBUX) shares are trading higher on Wednesday despite reporting third-quarter revenues that missed estimates. The company reported earnings in line with expectations and highlighted promising signs in its U.S. operations. Starbucks opened 526 new stores in the quarter and declared a cash dividend of 57 cents per share.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2024 | 11:46 am

Morgan Stanley analyst Brian Nowak reaffirmed an Overweight rating on Uber Technologies, Inc. (UBER) with a $90 price target, citing its attractive growth-adjusted multiple compared to Lyft, Inc. (LYFT), Maplebear Inc. (CART), and others. Nowak highlighted Uber's potential for growth and profitability, leveraging its multi-product rides and cross-platform strategies. Concerns about competition from autonomous driving technologies, notably Tesla Inc.'s (TSLA) advancements, were also mentioned. Uber's stock has seen significant growth, and exposure to UBER can be gained through ETFs like First Trust US Equity Opportunities ETF (FPX) and Global X Millennial Consumer ETF (MILN).

Portfolio Pulse from Anusuya Lahiri

May 06, 2024 | 7:50 pm

Uber Technologies, Inc (NYSE:UBER) faces a lawsuit from over 10,500 London black-cab drivers, claiming $312.90 million in damages for unlawfully securing a license in 2012, leading to business loss for traditional taxi operators. Despite past controversies, including a license renewal refusal in 2017 and a reclassification of UK drivers in 2021, Uber plans to integrate black cabs into its platform by 2024. Analysts remain optimistic about Uber's growth, considering it undervalued with superior bookings and EBITDA growth. Uber's stock has gained 86% in the last 12 months, and it is featured in the First Trust US Equity Opportunities ETF (NYSE:FPX) and Global X Millennial Consumer ETF (NASDAQ:MILN).

Portfolio Pulse from Anusuya Lahiri

May 02, 2024 | 1:03 pm

Uber Eats introduces a TikTok-style short-form video feature for food discovery, currently testing in New York, San Francisco, and Toronto. This aligns with trends set by platforms like Instagram, YouTube, Snapchat, LinkedIn, and others. The feature aims to boost consumer confidence in trying new dishes by showcasing videos of food preparation and is offered based on restaurant proximity. Unlike typical advertising, it's free for merchants. Uber Eats also updates its Manager software and plans a new app for restaurant managers. Uber stock has gained over 136% in the last 12 months, with exposure through FPX and MILN ETFs.

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 1:55 pm

Uber Freight aims for a tenfold expansion in Europe by 2028, targeting 2 billion euros in freight management. Despite a 25% revenue dip in 2023 due to lower trucking rates, improvements are seen with resolving supply chain issues. Uber Technologies Inc. (UBER) reported a 15% revenue growth in Q4 fiscal 2023, with shares up 0.50% in premarket trading. Investors can also gain exposure to Uber through FPX and MILN ETFs.

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 3:28 pm

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