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Business Wire
6 minutes ago
- Business Wire
Oshkosh Corporation to Announce Second Quarter 2025 Earnings on August 1, 2025
OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, will issue its second quarter 2025 financial results on Friday, August 1, 2025. The results will be discussed during a live webcast that day beginning at 8:30 a.m. EDT. To access the webcast, investors should go to approximately 15 minutes prior to the event. Slides for the webcast will be available on the website the morning of August 1. About Oshkosh Corporation At Oshkosh (NYSE: OSK), we make innovative, purpose-built vehicles and equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people's lives. Oshkosh products can be found in more than 150 countries under the brands of JLG ®, Pierce ®, MAXIMETAL, Oshkosh ® S-Series™, McNeilus ®, IMT ®, Jerr-Dan ®, Frontline™ Communications, Oshkosh ® Airport Products, Oshkosh AeroTech™, Oshkosh ® Defense and Pratt Miller. For more information, visit ®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
CNBC
7 minutes ago
- CNBC
A simple options strategy that defines investor risk as the S&P 500 reaches new heights
Markets remain in melt-up mode as shorts run for cover. U.S. equities opened higher once again on Friday morning after the S & P 500 and Nasdaq 100 both notched another closing all-time high on Thursday. That is the S & P 500's ninth record close of the year. I believe the S & P 500 will continue to move higher this summer, but I want to use options on SPDR S & P 500 ETF Trust (SPY) to define risk in the event the underinvested and shorts take a break from chasing stocks higher. Another catalyst that has been added into the bull case is the continued lowering inflationary data (or lack of inflation appearing from trade tariffs) coupled with robust initial Q2 earnings reports. Although it's early in the earnings season as the big banks just kicked off the reporting period this week, 51 of the 55 companies that have reported earnings since the start of season this week have beaten consensus analyst EPS estimates. That's a beat rate of 93%, well above the 20-year average beat rate of 63%, Bespoke Investment Group data shows. Optimism abound, but I believe it is also prudent to define risk when investors experience a severe sentiment shift as markets have endured since April. As many strategists tripped over themselves to lower their 2025 S & P 500 price targets subsequent the "liberation day" initial trade tariff sell-off, that highlighted a buying opportunity as the VIX vaulted over 60. Now that these same analysts are readjusting their S & P 500 price targets significantly higher, I have short-term caution on how much more room this melt up may have. However, there is a record amount of money sitting in cash potentially looking to get back in the equity markets and moreover, that is why I prefer to use options to define that risk and exposure. Normally, I would like to utilize a call spread to reduce cost into upside participation. Due to the parabolic move that we have witnessed since the S & P 500 kissed 4,800 in April, I do not want to limit my upside here and I am comfortable risking the (expensive) amount I am paying for this upside call I am buying. Owning the call is more strategic than owning SPY at these levels. I am also using this as a stock replacement strategy as I am closing some of my long SPY position. Buying a SPY call option Bought the Aug. 29 SPY $630 call for $12.90 This call option is a debit of $1,290 This trade was executed when SPY was roughly trading $629 DISCLOSURES: Kilburg is long these $630 calls, long SPY All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
Business Insider
7 minutes ago
- Business Insider
Your ETF investment might be dragging down your portfolio returns — here's why
Buying an ETF is a common recommendation for investors looking for diversification, but the popular investment vehicle might not be doing the job you're expecting it to, according to one Wall Street strategist. Michael Kantrowitz, chief investment officer and head of portfolio strategy at Piper Sandler, isn't a big fan of owning broad indices, especially in today's highly concentrated market. ETFs are supposed to put investing into easy mode, especially for retail investors. Anybody can purchase a basket of securities to diversify their portfolio — just pick a theme, buy the ticker, and wait. While they're definitely a helpful tool for investors, Kantrowitz urges caution. "By buying an index fund today, compared to 15 or 20 years ago, you've got a lot more idiosyncratic company-specific risk today," Kantrowitz told Business Insider. "You think you're buying an index, but you're really just exposed to seven or 10 stocks. If the AI story takes a dip, it doesn't necessarily hit all stocks, but it could really hit those index funds." Indeed, market concentration among the top Big Tech companies is at record highs. According to Apollo's chief economist Torsten Sløk, the top 10 companies in the S&P 500 are trading at a higher valuation than that seen during the dot-com bubble. Investors who buy an S&P 500 fund for diversification are actually getting an over 30% weighting in the Magnificent Seven. Additionally, using sector-specific ETFs to diversify isn't always a good idea either, Kantrowitz added. ETFs can be susceptible to tracking error, meaning that the fund doesn't precisely follow the underlying index. SEC rules stipulate that no more than 25% of a diversified fund's assets can be allocated to a single stock, which often forces sector ETFs to cap their exposure to dominant names like Apple or Nvidia, even if those companies make up a much larger share of the actual index. For example, in 2024 the S&P 500 technology sector posted a 38% gain. However, the Technology Select SPDR Fund (XLK) only rose 25%. This pattern is especially prominent in sectors with high concentration, which include communications services and consumer discretionary, Kantrowitz said. "Because there are concentration issues and weighting schemes in these ETFs, you think you're buying something and it's actually not what you're getting," he said. That doesn't mean all ETFs are prone to this risk. Lean more into active management, Kantrowitz advises, including ETFs and mutual funds, as well as individual stock picks. Kantrowitz also isn't writing off large-cap quality stocks, such as some of the Big Tech names that have dominated the index. But if you're looking for diversification, it's a good idea to look outside of traditional index ETFs.
