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XMMO

Invesco S&P MidCap Momentum ETF

http://www.invesco.com/portal/site/us/investors/etfs/product-detail?productId=PXMG

Industry

Asset Management

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is composed of constituents of the S&P MidCap 400® Index that have the highest momentum score.

Open

124.63

Mkt cap

4.3B

Volume

300K

High

125.47

P/E Ratio

20.18

52-wk high

137.14

Low

124.20

Div yield

0.00

52-wk low

87.00

The article discusses the Invesco S&P MidCap Momentum ETF (XMMO), highlighting its role in providing broad exposure to the Mid Cap Growth segment of the US equity market. XMMO is a passively managed ETF that was launched on March 3, 2005.

Portfolio Pulse from

December 05, 2024 | 12:30 pm

XMMO, a mid-cap momentum ETF, outperforms peers like MDY and SPMO with superior 10-year returns despite higher expenses and lower dividends. It tracks the S&P MidCap 400 Momentum Index and adjusts semi-annually based on momentum scores, capturing market sentiment shifts.

Portfolio Pulse from

December 04, 2024 | 2:45 pm

The article discusses the benefits of diversifying growth-focused portfolios by including mid-cap ETFs like XMMO alongside big-cap ETFs such as QQQ. XMMO offers sector diversification and captures high-growth opportunities in mid-cap companies.

Portfolio Pulse from

November 22, 2024 | 10:15 am

Skechers USA Inc. (NYSE:SKX) has filed a lawsuit against LL Bean for allegedly copying its shoe designs. The lawsuit, filed in Manhattan federal court, claims LL Bean's Freeport casual shoes infringe on Skechers' patented heel cup designs. Skechers seeks unspecified damages and aims to halt the sales of the infringing shoes. The outcome could impact the footwear industry's approach to design patents and market entry strategies. Skechers stock has gained over 26% in the last 12 months, and investors can gain exposure via First Trust Consumer Discretionary AlphaDEX Fund (NYSE:FXD) and Invesco S&P Midcap Momentum ETF (NYSE:XMMO).

Portfolio Pulse from Shivani Kumaresan

July 16, 2024 | 3:59 pm

Super Micro Computer Inc (SMCI) updated its fiscal guidance, with analysts from Wedbush, BofA Securities, Goldman Sachs, and JP Morgan providing insights. SMCI's revenue guidance was raised, reflecting strong sales momentum, especially in AI-related servers, despite concerns over margin pressures and competition. Analysts have adjusted their price targets and EPS projections accordingly, with varying degrees of optimism. SMCI's stock has seen significant growth but recently experienced a decline. The company's performance and outlook are also relevant for investors in ETFs like XMMO and IDGT, which include SMCI.

Portfolio Pulse from Anusuya Lahiri

May 01, 2024 | 7:44 pm

Truist Securities analyst Joseph Civello downgraded Deckers Outdoor Corp (DECK) to Hold from Buy and reduced the price target to $864 from $983 due to a slowdown in Direct-to-Consumer growth for HOKA, observed through Truist Card Data. The growth forecast for this segment was lowered to 25% from about 40%, and EPS estimates for FY24, FY25, and FY26 were also reduced. Investors can gain exposure to DECK through Invesco S&P MidCap Momentum ETF (XMMO) and Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC). DECK shares saw a slight increase of 0.24% to $812.08.

Portfolio Pulse from Lekha Gupta

April 11, 2024 | 4:04 pm

Super Micro Computer, Inc. (NASDAQ:SMCI) announced new IoT and embedded systems powered by Intel Corp (NASDAQ:INTC) processors, aimed at enhancing AI applications at the edge. The new systems, designed for high performance and power efficiency, support up to 16GB of memory and feature dual 2.5 GbE LAN ports and a NANO SIM card slot. Super Micro's expansion into edge computing is expected to capitalize on the growing AI Server market, projected to exceed $200 billion by 2027-28. SMCI stock has seen a significant increase, gaining over 771% in the last 12 months, and is included in the Invesco S&P MidCap Momentum ETF (NYSE:XMMO) and IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT). However, SMCI shares recently traded lower by 4.52% at $886.40.

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 3:22 pm

Super Micro Computer Inc (NASDAQ:SMCI) shares surged after JP Morgan initiated coverage with an Overweight rating and a price target of $1,150, citing the company's leading position in the AI computing market. The demand for AI servers, expected to exceed $200 billion by 2027-28, and Super Micro's innovations in custom accelerators and efficient XPUs position it well for the generative AI growth wave. Investors can also gain exposure to SMCI through Invesco S&P MidCap Momentum ETF (NYSE:XMMO) and IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT).

Portfolio Pulse from Anusuya Lahiri

March 25, 2024 | 6:13 pm

Argus Research analyst Jim Kelleher initiated coverage on Super Micro Computer, Inc (NASDAQ:SMCI) with a Buy rating and a price target of $1,350, highlighting its growth trajectory driven by demand for AI. Super Micro, known for its computer and server solutions, is experiencing significant revenue and earnings growth, particularly in AI applications. The company's revenue growth is outpacing its costs, similar to tech giants like Apple, Amazon, and Nvidia, leading to margin expansion and rapid EPS acceleration. Investors can also gain exposure to SMCI through Invesco S&P MidCap Momentum ETF (NYSE:XMMO) and IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT).

Portfolio Pulse from Anusuya Lahiri

March 06, 2024 | 5:45 pm

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