Franklin Disruptive Commerce ETF (BATS: BUYZ)

Últimas noticias sobre Franklin Disruptive Commerce ETF (BATS:BUYZ)

Technology

Consumer Cyclical

Industrials

Communication Services

Financial Services

Consumer Defensive

Real Estate

Other

Fund invests in innovative companies benefitting from transformation in the e-commerce space.

Amazon.Com Inc

Uber Technologies Inc

Costco Wholesale Corporation (purchase Right At $260.00 Per Share)

Shopify Inc

Ww Grainger Inc.

Doordash Inc - Class A Lockup Shares

Mercadolibre Inc - Common

Fastenal Co.

Booking Holdings, Inc.

Copart Inc

Franklin Disruptive Commerce ETF

Equities

News

Markets

Movers

Tech

General

BUYZ

iShares Dow Jones Transportation Average Index Fund

UBER

Las acciones de Uber suben tras la expansión de su asociación con Waymo. Nuevos servicios autónomos en Austin y Atlanta a partir de 2025.

Acciones de Uber suben tras expansión de asociación con Waymo

Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) shares are trading higher premarket on Monday. The company disclosed that its Board of Directors is advancing a comprehensive business portfolio evaluation initiated earlier this year by <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42503701/honeywell-explores-strategic-alternatives-for-unlocking-shareholder-value-continues-review-of-tran" rel="noreferrer noopener">Chairman and CEO Vimal Kapur</a>.
The review includes exploring strategic alternatives, such as a potential separation of its Aerospace business.
Honeywell plans to share updates with its fourth-quarter 2024 earnings release.
Vimal Kapur said, &#8220;Since aligning our business this past January to three compelling megatrends – Automation, the Future of Aviation and Energy Transition – we have been moving swiftly and decisively to optimize the Honeywell portfolio to deliver superior growth and drive incremental shareholder value. At the same time, we have been evaluating more transformational changes.&#8221;
&#8220;Following the portfolio enhancements announced earlier this year, Honeywell is now well-positioned for significant transformational alternatives, and we are continuing our deeper, more granular exploration of their feasibility and possible timing,&#8221; Kapur added.
In response, Elliott Investment Management expressed support for Honeywell&#8217;s ongoing review of strategic alternatives,<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42503932/elliott-statement-on-honeywell" rel="noreferrer noopener"> including a potential Aerospace business separation</a>.
Elliott said it looks forward to the review&#8217;s completion and supporting the company in executing steps to unlock its full value.
Last month, Honeywell announced a plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company, which is targeted to be&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41223435/honeywell-announces-plan-to-spin-off-advanced-materials-business-to-shareowners" rel="noreferrer noopener">completed by the end of 2025 or early 2026.</a>
Also, the company agreed to sell its Personal Protective Equipment (PPE) business to Protective Industrial Products, Inc. (PIP) for&nbsp;<a target="_blank" href="https://www.benzinga.com/24/11/42140202/honeywell-to-exit-ppe-business-with-1325-billion-sale-plans-advanced-materials-spinoff" rel="noreferrer noopener">$1.325 billion in an all-cash deal</a>.
Honeywell held cash and equivalents of about&nbsp;$10.6 billion as of&nbsp;September 30, 2024.
Investors can gain exposure to the stock via Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>) and Amplify CWP Enhanced Dividend Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIVO#NYSE">DIVO</a>).
Price Action: HON shares are up 3.47% at $235.51 premarket at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/guidance/24/12/42279165/honeywell-stock-slides-after-hours-on-updated-2024-outlook" target="_blank" rel="noreferrer noopener">Honeywell Stock Slides After Hours On Updated 2024 Outlook</a></li>
</ul>
Photo via Shutterstock.

Large Cap

Asset Sales

DIVO

GCAD

Honeywell Advances Strategic Review, Explores Aerospace Business Separation

Mizuho analyst Nitin Kumar maintains Ovintiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OVV#NYSE">OVV</a>) with a Outperform and lowers the price target from $63 to $60.

Price Target

Analyst Ratings

Mizuho Maintains Outperform on Ovintiv, Lowers Price Target to $60

Wells Fargo analyst Colin Langan downgrades Adient (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>) from Overweight to Equal-Weight and lowers the price target from $27 to $20.

Downgrades

ADNT

Wells Fargo Downgrades Adient to Equal-Weight, Lowers Price Target to $20

VersaBank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBNK#NASDAQ">VBNK</a>) (TSX:&nbsp;VBNK) (the "Bank") today announced that it has filed a preliminary prospectus supplement (the "Preliminary Supplement") to its short form base shelf prospectus dated November 22, 2024 (the "Base Shelf Prospectus"). The Preliminary Supplement was filed in connection with a public offering of the Bank's common shares (the "Offering"). The Preliminary Supplement has been filed with the securities regulatory authorities in each of the provinces and territories of Canada except Quebec. The Preliminary Supplement has also been filed with the U.S. Securities and Exchange Commission (the "SEC") as part of a registration statement on Form F-10 (the "Registration Statement") under the U.S./Canada Multijurisdictional Disclosure System.
&nbsp;
Raymond James &amp; Associates, Inc. is acting as the sole bookrunning manager, and Keefe, Bruyette &amp; Woods, Inc., A Stifel Company, and Roth Canada, Inc. are acting as co-managers for the Offering (collectively, the "Underwriters").
The Bank will also grant the Underwriters an over-allotment option to purchase up to an additional 15% of the common shares to be sold pursuant to the Offering (the "Over-Allotment Option"). The Over-Allotment Option will be exercisable for a period of 30 days from the date of the final prospectus supplement relating to the Offering.
The Bank expects that the net proceeds from the Offering will be used for general banking purposes and will qualify as Common Equity Tier 1 capital for the Bank.

Offerings

VBNK

VersaBank Files Prospectus for US-Canada Stock Offering to Raise Funds

The notes offered hereby will be issued as "Additional Notes" and will constitute a further issuance of our 7.875% senior secured notes due 2027, which were initially issued in an aggregate principal amount of $300 million on September 30, 2020, of which $243 million aggregate principal amount is outstanding. Varex intends to use the net proceeds from the sale of the notes to fund the partial repayment of the Company's outstanding Convertible Notes due June 2025, on their maturity date or to repurchase part of the Convertible Notes prior to their maturity date.
&nbsp;

Health Care

VREX

Varex Imaging Has Commenced A Private Offering Of $125M 7.875% Senior Secured Notes Due October 15, 2027

Mizuho analyst Nitin Kumar maintains Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) with a Outperform and lowers the price target from $219 to $207.

FANG

Mizuho Maintains Outperform on Diamondback Energy, Lowers Price Target to $207

Biotech

Financing

TRVI

Trevi Therapeutics Has Priced An Underwritten Offering Of 12.5M Shares At $4.00 Per Share, For Total Proceeds Of $50M

Aehr Test Systems (NASDAQ:<a href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>), a worldwide supplier of semiconductor test and burn-in equipment, today announced a significant milestone with the receipt of its first artificial intelligence (AI) customer order for multiple high-power FOX-XP&#x2122; wafer level test and burn-in systems and multiple sets of Aehr Test proprietary WaferPakTM Contactors. These initial volume production orders are valued at over $10 million with the first system scheduled to ship immediately and completion of the shipments of the systems and initial product WaferPaks within 90 days.

AEHR

Aehr Test Systems Secures $10M Order for AI Semiconductor Testing

Mizuho analyst Nitin Kumar maintains EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) with a Outperform and lowers the price target from $156 to $148.

Mizuho Maintains Outperform on EOG Resources, Lowers Price Target to $148

Palatin Technologies Entered Into A Warrant Exercise Inducement Agreement With An Institutional Investor To Exercise Certain Outstanding Warrants Issued In June 2024 And October 2023 Totaling 3.91M For Gross Proceeds Of Approximately $3.4M

Spruce Point Capital Management, LLC ("Spruce Point" or "we" or "us"), a New York-based investment management firm that focuses on forensic research and short-selling, today issued a detailed report entitled, "Insuring Against An Aggressive MLM", that outlines why we believe and estimate that shares of Aegon Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>, Euronext: AGN))) ("Aegon" or the "Company") face up to 25% – 50% potential long-term downside risk, or €2.99 – €4.67 ($3.14 – $4.91) per share. Download and view the report and its Full Legal Disclaimer by visiting <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sprucepointcap.com%2F&amp;esheet=54167152&amp;newsitemid=20241216940051&amp;lan=en-US&amp;anchor=www.SprucePointCap.com&amp;index=1&amp;md5=c1810bc66fa502738e831017efd150a8">www.SprucePointCap.com</a> for additional information and exclusive updates.
&#x2A;&#x2A;&#x2A;
Spruce Point Report Overview
Aegon is a global financial services company specializing in life insurance, pensions, and asset management. The Company offers a range of financial products and services for both individuals and businesses, including retirement planning, investment solutions, employee benefits, and life insurance policies. Founded in the Netherlands, Aegon operates in over 20 countries, including the United States, where it operates under the World Financial Group ("WFG") and Transamerica brands. Through its WFG brand, the Company distributes life insurance products to low and middle-income households across North America. As of the trailing 12 months ended June 30, 2024, the Company reported €18,641 million and €1,471 million of revenues and operating income, respectively.
The concerns we outline in our report include:
<ul>
<li>We believe that WFG generates a significant portion of Aegon's results and that WFG is operating an aggressive multi-level-marketing ("MLM") business that exposes Aegon to risk.
<ul>
<li>A <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcasetext.com%2Fcase%2Fsellers-v-world-fin-grp%23%3A%7E%3Atext%3DBrittany%2520Sellers%2520brought%2520a%2520class%2Cwith%2520the%2520California%2520Labor%2520Code&amp;esheet=54167152&amp;newsitemid=20241216940051&amp;lan=en-US&amp;anchor=recent+lawsuit&amp;index=2&amp;md5=ee5bb1b34e37659bba6182709083c449">recent lawsuit</a> alleges that WFG operates as an MLM, with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcasetext.com%2Fcase%2Fyeomans-v-world-fin-grp-ins-agency-inc-1&amp;esheet=54167152&amp;newsitemid=20241216940051&amp;lan=en-US&amp;anchor=one+case&amp;index=3&amp;md5=7d529ca753aa11f6279a2c6165e779be">one case</a> going so far as to allege it is a "massive pyramid scheme". In response, WFG even recently addressed concerns about the legitimacy of its business to dispel the notion that it is a pyramid scheme on its <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fweb.archive.org%2Fweb%2F20231119085001%2Fhttps%3A%2Fwww.worldfinancialgroup.com%2Fis-wfg-a-legitimate-business&amp;esheet=54167152&amp;newsitemid=20241216940051&amp;lan=en-US&amp;anchor=website&amp;index=4&amp;md5=d6a3e6cc6ad1439ef1efc6d6d27b232c">website</a>.</li>
<li>MLM business models are fraught with risk and frequently fail due to recruitment pressures to sustain growth and high agent turnover.</li>
<li>While MLMs are legal, pyramid schemes are not. The Federal Trade Commission ("FTC") provides warning signs to look for in identifying a pyramid scheme such as extravagant promises made by promoters about earnings potential, encouragement to buy the products, and playing on emotions or using high pressure tactics.</li>
<li>We estimate that WFG may be responsible for generating as much as 35% of Aegon America's operating income, equating to roughly 25% of Aegon's consolidated operating income. &nbsp;</li>
</ul>
</li>
<li>Our research found evidence of high-pressure tactics and failure to highlight product downside risks, which is consistent with some recent FTC complaints uncovered from a Freedom of Information Act ("FOIA") request.
<ul>
<li>FTC complaints document a range of concerns such as high-pressure tactics, higher ups getting paid bonuses to recruit, failure to highlight product downside risks, and cult-like behavior. In our research process, we sent someone through the recruitment process who was told, "our biggest product is this business opportunity here. And of course, if you take advantage of the business opportunity, the first thing you want to do is put the mask on yourself. And take advantage of the products that we have to offer."</li>
<li>Moreover, WFG is highly dependent on the sale of Index Universal Life ("IUL") policies, which we estimate are 60%-70% of its new life product sales. IULs have come under fire as controversial insurance products due to their complexity and high fees, which makes them incredibly difficult for the average person to understand. WFG recruiters used highly aggressive language by making claims about IULs such as "…Because there's a guarantee that you won't lose any money," and "…It works as an investment on steroids. You get up to 13, 14, sometimes 20, 25, 30% interest," and "I-U-L remember, I told you to write down index universal life. If you can qualify for that baby, your future is brighter than the sun. You need sunglasses to see your future because it's so bright."</li>
<li>The recruiter also provided illustrations that indicated monthly earnings potential of $4,320 through four sales per month, when in reality agents make just 0.4 sales per month and the average agent makes approximately $6,500 per year, which does not include costs. The recruiter also used emotionally charged language suggesting that they were "at war" against financial issues, while multiple Elite Circle groups for higher level agents make use of questionable military and ideological symbolism in training programs.</li>
<li>Ultimately, we believe WFG is an aggressive MLM, and we call for WFG to implement more conservative practices and better oversight of agents to dispel allegations in the market that it is a pyramid scheme. &nbsp;</li>
</ul>
</li>
<li>We believe an upstart competitor founded by one of WFG's former top producers may pose a threat to WFG's recruiting goals.
<ul>
<li>Global Financial Impact ("GFI")is a financial services platform recently founded by Eric Olson, who was at one point among WFG's top three producing agents. In roughly a year, GFI claims to have signed 26K new agents, with some being long-tenured top producers for WFG. By comparison, WFG aims to grow its agent force from ~82K today, to 110K by 2027. However, we believe GFI's early momentum may act as a major headwind to this goal.</li>
<li>In fact, the number of WFG multi-ticket agents declined on a sequential basis in Q3'24, which could be an indicator that Olson's GFI is having an impact. Moreover, website traffic data from Similarweb indicates that GFI has strong momentum year-to-date while WFG's traffic data has been declining. &nbsp;</li>
</ul>
</li>
<li>We believe Aegon's sell-side analysis do not properly account for the structural risks that exist in the Company's North American WFG business.
<ul>
<li>Furthermore, with analysts projecting just 7% upside to consensus price targets, we do not believe there is a favorable risk / reward in owning shares given elevated regulatory risks for MLMs and growing competitive forces. Based on our sum-of-parts potential valuation, we estimate a long-term share price range of approximately €2.99 – €4.67 ($3.14 – $4.91) per share (25% – 50% downside risk).</li>
<li>We expect Aegon to underperform the insurance sector along with the broader equity market.</li>
</ul>
</li>
</ul>

Government

Regulations

Short Sellers

Spruce Point Raises Concerns Over Aegon's MLM Practices Amid Regulatory Risks

HC Wainwright &amp; Co. analyst Kevin Dede reiterates Digihost Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGHI#NASDAQ">DGHI</a>) with a Buy and maintains $2.5 price target.

Reiteration

DGHI

HC Wainwright & Co. Reiterates Buy on Digihost Technology, Maintains $2.5 Price Target

Softbank (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) CEO Masayoshi Son is expected to declare a $100 billion investment in the United States during a meeting with President-elect Donald Trump at Mar-a-Lago, Palm Beach, Florida on Monday.
What Happened: The Japanese tech-investing giant&#8217;s founder will also commit to creating 100,000 jobs in AI and related infrastructure, according to <a href="https://www.cnbc.com/2024/12/16/softbank-ceo-to-announce-100-billion-investment-in-us-during-visit-with-trump.html">CNBC</a> sources. This investment is anticipated to be finalized by the end of Trump&#8217;s term.
The funding may come from various Softbank-controlled sources, including the Vision Fund, capital projects, or chipmaker Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), where Softbank holds a majority stake. Some of the funds might not be newly raised, potentially including previously announced investments like Softbank&#8217;s $1.5 billion in OpenAI.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42499950/crypto-analyst-shiba-inu-price-set-for-massive-surge-could-go-up-sixfold?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Analyst: Shiba Inu Price Set For Massive Surge, Could Go Up Sixfold</a>
This announcement echoes a similar pledge made in 2016 when Softbank agreed&nbsp;to invest $50 billion in&nbsp;the U.S. to create 50,000 jobs following Trump&#8217;s first election victory.
Why It Matters: The announcement comes at a time when investor sentiment is shifting back toward the ‘BoJ trade,' a strategy involving long positions in Japanese equities and banks, while shorting the yen and Japanese government bonds (JGBs). This renewed interest has gained traction, especially after&nbsp;<a href="https://www.benzinga.com/24/12/42470155/trumps-win-kicks-the-boj-trade-back-into-gear-is-japan-the-new-inflation-play">Trump&#8217;s election win</a>, as noted by JPMorgan analyst Nikolaos Panigirtzoglou. The yen has weakened, moving from 150 to 153 against the dollar, and the probability of a December rate hike has dropped significantly.
Additionally, the backdrop of this investment includes <a href="https://www.benzinga.com/news/global/24/12/42502247/trumps-ex-secretary-of-state-mike-pompeo-backs-nippon-steels-149b-acquisition-of-us-steel-citing-national-security-concerns">national security concerns</a> surrounding foreign investments in the U.S. Former U.S. Secretary of State Mike Pompeo recently supported Nippon Steel Corp.&#8217;s proposed $14.9 billion acquisition of United States Steel Corp., citing the need to strengthen America's position against Chinese market dominance. This deal faces opposition from both President Joe Biden and Trump, with Biden expected to block it on national security grounds.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42497241/shiba-inu-burn-rate-skyrockets-515-33-will-the-price-increase?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Burn Rate Skyrockets 515.33%</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo by Nobuyuki Hayashi on Shutterstock

SFTBY

Softbank's Masayoshi Son To Reportedly Announce $100B US Investment During Meeting With Trump

<ul>
<li>Real-World Evidence Study Strengthens the Body of Evidence Supporting ANX005 for Treatment of GBS</li>
<li>ANX005 Phase 3 Population Was Matched 1:1 on Prespecified Criteria with Patients in International GBS Outcomes Study (IGOS)</li>
<li>Matched Cohort Study Showed Early and Greater Benefits of ANX005 over IVIg or PE in Muscle Strength and Functional Outcomes Across Multiple Measurements</li>
</ul>

ANNX

Annexon Announced Topline Results From A Real-world Evidence Study Supporting Anx005 As A Potential Treatment For Guillain-barré Syndrome

Biohaven Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHVN#NYSE">BHVN</a>) ("Biohaven"), a global clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of life-changing therapies to treat a broad range of rare and common diseases, today highlighted the achievement of several clinical and regulatory milestones across its proprietary Molecular Degrader of Extracellular Proteins (MoDE&#x2122;) platform as well as its glutamate modulation and ion channel programs.
Subcutaneously administered BHV-1300 achieved deep lowering of targeted IgG, with reductions &gt; 60% in the lowest subcutaneous dose tested in the ongoing multiple ascending dose (MAD) study. Subcutaneous BHV-1300 achieved progressive reduction in IgG within hours of each weekly dose administration in the MAD, and pharmacodynamic effects were sustained relative to baseline over the four-week study period. BHV-1300 has been safe and well-tolerated across the Phase 1 study. There were no clinically significant effects on albumin or liver function, and no increases in cholesterol were noted. Further enhancing the competitive safety profile and as intentionally designed, plasma IgG3 levels were preserved through the end of study week 4 to allow for healthy immune effector functioning. All AEs were mild, any drug-related AE resolved, and there were no discontinuations due to study drug related AEs. The optimized subcutaneous formulation in the MAD also showed substantially less inter-patient variability compared to previously reported intravenous BHV-1300. Escalating dose level cohorts of subcutaneous BHV-1300 are ongoing to explore the full range of IgG reductions possible with BHV-1300 for a wide range of future disease indications.&nbsp;

BHVN

Biohaven's BHV-1300 Achieves Advances in Targeted IgG Reduction Trials

FDA Approves Organon's Vtama (Tapinarof) For An Additional Indication Of The Topical Treatment Of Atopic Dermatitis In Adults And Pediatric Patients 2 Years Of Age And Older, Prior To Its Extended Target Action Date Of March 12, 2025

The company said the order, the largest in Vicon&#39;s 57-year history, underscores Vicon&#39;s commitment to delivering state-of-the-art surveillance solutions and is expected to be fulfilled in the Company&#39;s second fiscal quarter of 2025, fully within Cemtrex&#39;s fiscal year. Specific details about the customer remain confidential in accordance with non-disclosure agreements.

Contracts

CETX

Cemtrex Says Vicon Industries Subsidiary Received $10.4M Order For A State Government Corrections Facility In The Mid-Atlantic Region

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Biomea Fusion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) with a Buy and maintains $40 price target.

BMEA

HC Wainwright & Co. Reiterates Buy on Biomea Fusion, Maintains $40 Price Target

Mizuho analyst Nitin Kumar maintains Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) with a Outperform and lowers the price target from $51 to $47.

Mizuho Maintains Outperform on Devon Energy, Lowers Price Target to $47

HC Wainwright &amp; Co. analyst Matthew Caufield initiates coverage on Zenas BioPharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBIO#NASDAQ">ZBIO</a>) with a Buy rating and announces Price Target of $30.

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