Streetbeat News

SHLD

Global X Defense Tech ETF

http://www.searsholdings.com

Industry

Asset Management

The fund invests at least 80% of its net assets, plus borrowings for investment purposes (if any), in the securities of the Global X Defense Tech Index, which may include common stocks, American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is owned and was developed by Global X Management Company LLC, an affiliate of the fund and the fund's investment adviser. The fund is non-diversified.

Open

47.27

Mkt cap

867M

Volume

695K

High

47.87

P/E Ratio

31.74

52-wk high

47.87

Low

47.08

Div yield

0.00

52-wk low

32.67

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower by 2.99% to $26.27. Despite a 32% gain over the past year, Citigroup analyst Tyler Radke maintains a Neutral rating but raises the price target to $28. Palantir is expected to report Q2 earnings of 8 cents per share and revenue of $652.141 million on Aug. 5. The company recently announced a multi-year partnership with Tree Energy Solutions and has achieved six consecutive quarters of GAAP profitability. Wedbush analyst Dan Ives set a new bull-case price target of $50.

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 7:07 pm

Lockheed Martin Corporation (NYSE:LMT) has delivered the first of eight C-130J-30 Super Hercules tactical airlifters to Ohio’s Youngstown Air Reserve Station, introducing a new aerial spray mission capability. This enhances the U.S. Air Force Reserve's readiness and mission interoperability. Additionally, Lockheed Martin's shares have been positively impacted by the Pentagon's decision to resume accepting new F-35s and a recent $520.4 million contract for the F-16 Viper Shield electronic warfare suite. Investors can gain exposure to LMT via Global X Defense Tech ETF (NYSE:SHLD) and First Trust Indxx Aerospace & Defense ETF (NYSE:MISL).

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 10:19 am

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower after Mizuho analyst Matthew Broome downgraded the stock from Neutral to Underperform, despite raising the price target from $21 to $22. The stock has gained 74% in the past six months but is currently down 0.88% to $28.42. Investors can gain exposure to Palantir through REX AI Equity Premium Income ETF (NASDAQ:AIPI) and Global X Defense Tech ETF (NYSE:SHLD). Palantir's Q2 results will be released on August 5, 2024, with expected revenue between $649 million and $653 million.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2024 | 1:52 pm

Dan Ives from Wedbush likened Palantir Technologies Inc. (NYSE:PLTR) to Lionel Messi in the AI world, calling it the most underestimated AI play. Despite a sell call from Jim Cramer, Palantir's stock continues to rise, supported by CEO Alex Karp's bold claims of market dominance. The stock has gained over 42% in the last 12 months and is included in ETFs like Global X Defense Tech ETF (NYSE:SHLD) and ARK Innovation ETF (NYSE:ARKK).

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 5:12 am

Huntington Ingalls Industries Inc (NYSE:HII) reported first-quarter FY24 results with a 4.9% Y/Y increase in sales and service revenue to $2.81 billion, surpassing the consensus of $2.79 billion. EPS rose 19.8% Y/Y to $3.87, beating the consensus of $3.49. Operating income grew 9.2% Y/Y to $154 million. The company saw strong growth in Mission Technologies and stable shipbuilding progress, reiterating its FY24 outlook with expected Shipbuilding revenue of $8.8 billion-$9.1 billion and Mission Technologies revenue of $2.70 billion-$2.75 billion. Despite these positive results, HII shares dropped 11.03% to $246.35. Investors can also gain exposure to HII through Global X Funds Global X Defense Tech ETF (NYSE:SHLD) and First Trust Indxx Aerospace & Defense ETF (NYSE:MISL).

Portfolio Pulse from Lekha Gupta

May 02, 2024 | 4:01 pm

General Dynamics Corp (NYSE:GD) shares fell after reporting Q1 FY24 results with revenue growth of 8.6% Y/Y to $10.73 billion, surpassing consensus but missing EPS estimates with $2.88 versus the expected $3.03. The company saw increased backlogs across segments, with a notable 6.2% Y/Y growth in the Aerospace segment. Operating earnings rose 10.4% Y/Y, but the company experienced a negative operating cash flow of $(278) million. Despite solid operating results and the start of Gulfstream G700 deliveries, shares dropped 5.8% to $275.64.

Portfolio Pulse from Lekha Gupta

April 24, 2024 | 2:58 pm

Palantir Technologies Inc. (NYSE:PLTR) shares are up following a partnership announcement with Oracle Corporation (NYSE:ORCL) to deliver secure cloud and AI solutions globally. The collaboration involves moving Palantir's Foundry workloads to Oracle Cloud Infrastructure, aiming to enhance data value and competitive edge. Additionally, Palantir disclosed a 6.5% stake in MSP Recovery, Inc (NASDAQ:LIFW). Investors can also gain exposure to PLTR through ProShares Big Data Refiners ETF (NYSE:DAT) and Global X Funds Global X Defense Tech ETF (NYSE:SHLD). PLTR's stock has risen by 2.87% to $23.13.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 4:19 pm

Palantir Technologies Inc. (PLTR) and Oracle Corporation (ORCL) have entered into a partnership to provide secure cloud and AI solutions globally. Palantir will move Foundry workloads to Oracle Cloud Infrastructure and make its Gotham and AI Platforms deployable across Oracle's distributed cloud. The collaboration aims to optimize data value and competitive edge for businesses and governments. PLTR shares rose by 3.95%, while ORCL shares increased by 0.57%. Investors can gain exposure to PLTR and ORCL through ETFs like DAT, SHLD, IGV, and CLOD.

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 1:47 pm

Palantir Technologies Inc. (NYSE:PLTR) has been awarded a $9.8 million contract by the Defense Information Systems Agency (DISA) to deliver an Electromagnetic Battle Management – Joint Decision Support prototype. This contract aims to enhance the Department of Defense's capabilities in Joint Electromagnetic Spectrum Operations. Additionally, Palantir recently signed an agreement with The Ministry of Education and Science of Ukraine to improve the education system. Investors can also gain exposure to Palantir through the Global X Funds Global X Defense Tech ETF (NYSE:SHLD) and Tidal ETF Trust II The Meet Kevin Pricing Power ETF (NYSE:PP). PLTR shares are currently down 0.35% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 01, 2024 | 11:43 am

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower in the premarket session despite announcing a 12-month agreement with The Ministry of Education and Science of Ukraine to support the School Offline program, aiming to enhance safe educational access for 300,000 more students. The initiative is part of Palantir's ongoing support for Ukraine, including military, resettlement, war crimes investigation, and demining efforts. Investors can also gain exposure to PLTR through ProShares Big Data Refiners ETF (NYSE:DAT) and Global X Funds Global X Defense Tech ETF (NYSE:SHLD).

Portfolio Pulse from Nabaparna Bhattacharya

March 28, 2024 | 12:45 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.