Streetbeat News

PKB

Invesco Dynamic Building & Construction ETF

https://www.invesco.com/us/financial-products/etfs/product-detail?productId=PKB

Industry

Asset Management

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying intellidex. The underlying intellidex was composed of common stocks of U.S. building and construction companies. These companies are engaged primarily in providing construction and related engineering services for building and remodeling residential properties, commercial or industrial buildings, etc. It is non-diversified.

Open

84.75

Mkt cap

323M

Volume

22K

High

86.28

P/E Ratio

15.40

52-wk high

86.28

Low

84.75

Div yield

0.00

52-wk low

52.36

Trane Technologies reported strong Q3 results, with revenue and EPS surpassing expectations. The company raised its FY24 guidance, indicating positive future growth. Investors can access the stock through ETFs like Invesco Building & Construction ETF and AdvisorShares Gerber Kawasaki ETF.

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 2:30 pm

Martin Marietta Materials Inc (NYSE:MLM) reported a 5% decline in Q3 revenue due to severe weather impacts, missing consensus estimates. The company revised its 2024 guidance downward but expects long-term growth from infrastructure investments. Investors can gain exposure through ETFs like TCW Transform Supply Chain ETF (NYSE:SUPP) and Invesco Building & Construction ETF (NYSE:PKB).

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 2:13 pm

D.R. Horton reported Q4 results with sales and EPS missing estimates, leading to a 10.2% drop in share price. The company faces challenges with rising inventory and a cautious homebuyer market. FY25 revenue outlook is below consensus, but the company is focusing on affordable housing and increased dividends.

Portfolio Pulse from Lekha Gupta

October 29, 2024 | 12:39 pm

CRH PLC announced that CEO Albert Manifold will retire at the end of 2024, with CFO Jim Mintern set to succeed him. The company has focused on succession planning, ensuring a smooth transition. CRH shares are down 0.94% premarket. Investors can access CRH through ETFs like Invesco Building & Construction ETF (PKB) and Fidelity MSCI Materials Index ETF (FMAT).

Portfolio Pulse from Lekha Gupta

September 24, 2024 | 12:35 pm

Martin Marietta Materials Inc (NYSE:MLM) reported a 3% Y/Y decline in Q2 FY24 revenue to $1.764 billion, missing the consensus of $1.846 billion. Adjusted EPS of $5.26 also missed the consensus of $5.40. The company lowered its fiscal outlook for 2024, citing factors like historic precipitation and restrictive monetary policy impacting shipments. The stock is trading lower by 1.54% premarket. Investors can gain exposure via TCW Transform Supply Chain ETF (NYSE:SUPP) and Invesco Building & Construction ETF (NYSE:PKB).

Portfolio Pulse from Lekha Gupta

August 08, 2024 | 1:07 pm

Trane Technologies (NYSE:TT) reported strong Q2 results, surpassing revenue and EPS expectations, and raised its FY24 guidance. Revenues grew 13% Y/Y to $5.31 billion, and bookings increased 19% Y/Y to $5.34 billion. The company also reported a significant backlog and plans to maintain a competitive dividend while deploying excess cash to shareholders. Investors can gain exposure via Invesco Building & Construction ETF (NYSE:PKB) and AdvisorShares Gerber Kawasaki ETF (NYSE:GK).

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 4:30 pm

PulteGroup, Inc. (NYSE:PHM) reported strong Q2 FY24 results with revenue of $4.60 billion, beating expectations. Home sale revenues rose 10% Y/Y, and GAAP EPS of 3.83 surpassed the consensus of 3.26. Despite a decline in net new orders, the dollar value of these orders increased. The company repurchased 2.8 million shares and announced a CFO transition. Investors can gain exposure via IShares U.S. Home Construction ETF (BATS:ITB) and Invesco Building & Construction ETF (NYSE:PKB).

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 12:33 pm

As record-breaking heat waves sweep across the U.S., a debate is emerging over whether federal and state protections should be granted to workers exposed to extreme heat. The Biden administration has proposed a new OSHA rule to protect workers, but its future depends on the 2024 election outcome. The rule could impact various sectors, including construction and agriculture, which are tracked by ETFs like ITB, XHB, PKB, DBA, WEAT, and FAAR.

Portfolio Pulse from Natan Ponieman

July 16, 2024 | 8:31 pm

Tractor Supply Company (TSCO) has eliminated its DEI roles and goals, and shifted focus to rural American priorities amid backlash. The company also withdrew its carbon emission goals to concentrate on land and water conservation. This move follows social media criticism and customer feedback. TSCO stock has lost over 5% in the past month but is trading higher by 0.54% premarket. Investors can gain exposure to TSCO via Invesco Building & Construction ETF (PKB) and VictoryShares Nasdaq Next 50 ETF (QQQN).

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 11:19 am

CRH plc (NYSE:CRH) shares are trading lower after the company announced that Adbri’s independent shareholders approved the Scheme of Arrangement for CRH and the Barro Group to acquire Adbri Ltd. The deal, valued at A$2.1 billion, is expected to close on July 1, 2024. CRH will purchase the remaining 57% of Adbri’s shares not held by Barro for A$3.20 per share in cash. The acquisition is expected to bolster CRH's presence in Australia.

Portfolio Pulse from Lekha Gupta

June 14, 2024 | 12:19 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.