Streetbeat News

SNSR

Global X Internet of Things ETF

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

Industry

Asset Management - Global

The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to exchange-listed companies in developed markets that facilitate the Internet of Things industry, including companies involved in wearable technology, home automation, connected automotive technology, sensors, networking infrastructure/software, smart metering and energy control devices. The fund is non-diversified.

Open

35.15

Mkt cap

242M

Volume

42K

High

35.43

P/E Ratio

25.11

52-wk high

38.54

Low

35.09

Div yield

0.01

52-wk low

30.98

Lattice Semiconductor shares rose after appointing Ford Tamer as CEO. The company reaffirmed its Q3 2024 guidance, expecting revenue between $117M and $137M. Despite missing previous earnings estimates, the stock saw a 13.1% increase.

Portfolio Pulse from Lekha Gupta

September 16, 2024 | 6:07 pm

Garmin Ltd. (NYSE:GRMN) has announced a partnership with Arctic Cat Inc., a subsidiary of Textron Inc. (NYSE:TXT), to integrate high-tech displays into 2025 snowmobile models. This collaboration has positively impacted Garmin's stock, which has gained over 64% in the past year. Investors can also gain exposure to Garmin through ETFs like Global X Internet Of Things ETF (NASDAQ:SNSR) and Procure Space ETF (NASDAQ:UFO).

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2024 | 5:17 pm

Lattice Semiconductor Corporation (NASDAQ:LSCC) shares are trading lower after the announcement that Jim Anderson is stepping down as president, CEO, and board member. Esam Elashmawi, the chief marketing and strategy officer, has been appointed as Interim CEO. The board has initiated a search for a permanent CEO. Despite the leadership change, the board remains confident in the company's strategic priorities and growth potential. LSCC shares are down 14.40% premarket. Investors can also gain exposure to LSCC via Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) and Global X Internet Of Things ETF (NASDAQ:SNSR).

Portfolio Pulse from Lekha Gupta

June 03, 2024 | 3:15 pm

Garmin Ltd. (NYSE:GRMN) shares are trading lower after BofA Securities analyst Ronald J. Epstein downgraded the stock to Underperform from Neutral and cut the price target from $165 to $150. Despite strong first-quarter performance, the analyst is concerned about decelerating momentum and unsustainable valuation. The AutoOEM segment is expected to reach breakeven in 4Q24, but growing Auto revenues may impact margins. Garmin stock has gained 55% in the last 12 months. Investors can gain exposure via Global X Internet Of Things ETF (NASDAQ:SNSR) and Procure Space ETF (NASDAQ:UFO).

Portfolio Pulse from Lekha Gupta

May 22, 2024 | 5:40 pm

Garmin Ltd (NYSE:GRMN) reported a 20% year-on-year revenue growth for Q1 2024, reaching $1.38 billion and surpassing the consensus of $1.25 billion. The company's proforma EPS of $1.42 also beat the consensus of $1.01. Revenue growth was seen across all segments, with Fitness growing by 40% and contributions from the acquisition of JL Audio boosting Marine revenue by 17%. Garmin's gross and operating margins improved, and it generated $402.14 million in free cash flow. The company intends to recommend a $3.00 per share dividend and reiterated its FY24 revenue outlook of $5.75 billion and proforma EPS of $5.40. Garmin stock has gained 47% in the last 12 months and saw an 8.82% increase to $157.21 recently. Investors can also gain exposure to Garmin through the Global X Internet Of Things ETF (NASDAQ:SNSR) and Procure Space ETF (NASDAQ:UFO).

Portfolio Pulse from Anusuya Lahiri

May 01, 2024 | 1:47 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.