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Vesper U.S. Large Cap Short-Term Reversal Strategy ETF

Industry

Asset Management - Leveraged

The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to measure the performance of a portfolio of 25 stocks selected from the S&P 500 Index that Vesper Capital Management, LLC believes will most likely benefit from the "short-term reversal" effect, as determined by applying a proprietary algorithm ("Chow's Ratio" or "Algorithm").

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Fortive Corporation reported Q3 results with a revenue miss but an EPS beat. The company revised its FY24 guidance and plans a strategic split. Fortive's shares are down 2.41%.

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 2:46 pm

J.B. Hunt Transport Services, Inc. (JBHT) is expanding its fleet with 20 Nikola Corporation (NKLA) fuel cell electric vehicles to enhance sustainability. This move is part of J.B. Hunt's efforts to provide zero-emission solutions for its customers. Nikola will support this initiative with fueling infrastructure. JBHT shares rose 1.25% and NKLA shares increased by 2.39% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 5:52 pm

Hershey is seeking to dismiss a lawsuit alleging misleading packaging of Reese's candies. The lawsuit claims issues with the design of certain candies, but Hershey argues the claims are baseless. Hershey's recent earnings report showed a significant drop in EPS and sales. HSY shares are slightly up premarket.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 12:59 pm

Terex Corporation (NYSE:TEX) is acquiring Environmental Solutions Group (ESG) from Dover Corporation (NYSE:DOV) for $2 billion in an all-cash deal. The acquisition is expected to enhance Terex's financial profile and expand its North American footprint. The transaction is anticipated to close in the second half of 2024.

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 1:45 pm

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