Latest news with #WisdomTree
Yahoo
a day ago
- Business
- Yahoo
Goldman Sachs Upgrades WisdomTree (WT) to Neutral, Raises PT
WisdomTree, Inc. (NYSE:WT) is one of the 10 Best Small-Cap Stocks to Buy According to Billionaires. On June 26, Goldman Sachs analyst Alexander Blostein upgraded WisdomTree, Inc. (NYSE:WT) from 'Sell' to 'Neutral' and raised the price target from $9.50 to $11.90. The research firm sees encouraging signs that WisdomTree, Inc. (NYSE:WT) is experiencing broader and faster fund flows, which are expected to drive unique organic base fee growth in the coming years. Goldman Sachs pointed out that the company's mix of flows is becoming more diversified. A global investment advisor discussing their innovative fund offerings with a client. The analyst told investors in a research note that WisdomTree, Inc. (NYSE:WT) has averaged about 9% organic growth over the past three years. Goldman Sachs expects this positive trend to continue and projects mid-to-high single-digit growth in organic base fees through 2027. Additionally, the firm increased its earnings per share estimates for WisdomTree, Inc. (NYSE:WT). The new forecasts are $0.73 for 2025, $0.84 for 2026, and $0.95 for 2027. These are above the firm's previous estimates of $0.72 for 2025, $0.78 for 2026, and $0.84 for 2027. WisdomTree is a global financial innovator, offering a well-diversified suite of exchange-traded products (ETPs), models, solutions and products leveraging blockchain technology. WisdomTree, Inc. (NYSE:WT) is an innovative company in the financial sector that specializes in exchange-traded products (ETPs), including ETFs, and also operates as an asset manager. While we acknowledge the potential of WT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Zawya
a day ago
- Business
- Zawya
Copper sags as worries subside about disruptions, inventories rise
Copper prices slipped on Wednesday as concern eased about supply disruptions and inventories continued rising amid uncertainty about the impact of U.S. tariffs. Benchmark three-month copper on the London Metal Exchange traded 0.3% lower at $9,615 per metric ton in official rings, down from a three-month peak just over $10,000 touched on July 2. "There hasn't been any additional supply disruptions to push prices higher across the various exchanges," said Nitesh Shah, commodity strategist at WisdomTree. Protesters have lifted blockades in Peru, the world's third biggest copper producer, that blocked a major copper transit route for more than two weeks, one of the protest leaders told Reuters late on Tuesday. Meanwhile, Rio Tinto on Wednesday posted 9% higher quarterly copper output and forecast full-year production at the higher end of its guidance range, while Antofagasta reported an 11% jump in copper production in the first half. At the same time, a flow of copper to the U.S. by traders anticipating tariffs has tapered off following the announcement that 50% duties would be imposed on August 1. "The inventory drain from the LME and Shanghai has plateaued and almost reversed. You're starting to see a build-up in both locations," Shah added. LME copper stocks gained by another 10,525 tons, data showed on Wednesday, having jumped by a third over the past 2-1/2 weeks. U.S. Comex copper futures dropped 0.9% to $5.53 a lb, bringing the premium of Comex over LME copper to $2,579 a ton. Investors were also digesting data on Tuesday showing China's economy slowed less than expected in the second quarter. "The GDP print, hitting slightly above target, takes away the need for additional stimulus, and that may potentially constrain copper prices," Shah said. The most-traded copper contract on the Shanghai Futures Exchange added 0.1% to 77,980 yuan ($10,865.11) a ton. Among other metals, LME aluminium fell 0.6% to $2,566 a ton, nickel lost 1% to $14,995, zinc shed 0.4% to $2,686, lead eased 0.7% to $1,982.50 and tin slipped 1.5% to $32,825. ($1 = 7.1771 Chinese yuan)
CNBC
2 days ago
- Business
- CNBC
Wharton's Jeremy Siegel on what's driving the market rally
Jeremy Siegel, professor emeritus of finance at University of Pennsylvania's Wharton School of Business and Wisdom Tree chief economist, joins CNBC's 'Squawk Box' to discuss market outlooks, how Trump's tariffs could impact the market, and more.
Yahoo
5 days ago
- Business
- Yahoo
WisdomTree: Big Beautiful Bill May Boost ETF Cash Flows
ETF investors should pay attention to an overlooked provision in President Donald Trump's "Big Beautiful Bill" that could boost cash flows for technology and biotech funds through immediate research and development expensing, according to WisdomTree Asset Management executives. The legislation, signed July 4, allows companies to expense 100% of R&D costs immediately and look back to expense investments from 2022 to 2024, according to a July 9 WisdomTree webinar, Tariffs & the Big, Beautiful Bill: Where Are We Now? For ETF portfolios heavy in AI and biotech stocks, this translates to unexpected cash windfalls. The R&D expensing change represents a key catalyst for technology-focused ETFs, as companies will likely channel increased cash flows into share buybacks and dividend increases, while simultaneous tariff policies create sector rotation opportunities across the ETF landscape, according to WisdomTree strategists. 'A lot of companies that have done a significant amount of R&D around AI, they're going to be able to have a significant amount of 'cash flow' that they didn't expect to have before," Sam Rines, macro strategist for model portfolios at WisdomTree Asset Management, said during the webinar. "When you give companies more cash flow, they give cash flow back to shareholders." The dynamic particularly benefits shareholder yield ETF strategies. Jeremy Schwartz, global chief investment officer at WisdomTree Asset Management, highlighted the firm's US Value Fund (WTV), which he said focuses on shareholder yield and trades "in the sevens" compared to the S&P 500's "less than 3%" yield. For growth-focused ETFs, the provision comes as artificial intelligence investments surge across technology sectors. Jeff Weniger, head of equity strategy at WisdomTree Asset Management, noted that biotech mergers and acquisitions activity reflects the importance of R&D-intensive businesses that populate many ETF portfolios. Beyond R&D benefits, the legislation removes incentives for solar and wind energy sectors while creating opportunities in automation and domestic manufacturing ETF themes. "Those are two sectors that are going to get hit somewhat significantly," Rines said about renewable energy. However, immigration policy changes could benefit automation-focused companies like Deere & Co. (DE) and Caterpillar Inc. (CAT) if labor shortages develop in agriculture and construction. The legislation includes a $10,000 interest deduction for new cars and motorcycles assembled in the United States, potentially benefiting companies like Harley-Davidson Inc. (HOG) and General Motors Co. (GM). These sector dynamics suggest ETF investors should consider rotation strategies as policy implementation unfolds, according to the webinar. Weniger noted that technology and energy both gained approximately 6% over the past 30 days, suggesting sector-specific policy impacts may matter more than traditional growth-value divisions. The WisdomTree executives highlighted international opportunities in Europe and Japan, where fiscal stimulus and shareholder reform initiatives could benefit ETF strategies focused on those | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Recorder
7 days ago
- Business
- Business Recorder
Gold gains as ‘dollar negative' sentiments take hold
NEW YORK: Gold prices rose on Thursday, supported by a pullback in the dollar and the prospect of US interest rate cuts later in the year, while investors awaited more details on US President Donald Trump's trade policy. Spot gold was up 0.4% at $3,327.42 per ounce by 1108 GMT. US gold futures gained 0.5% to $3,336.40. 'The passing of the One Big Beautiful Bill, unsettling trade (policies) and rate-cut expectations should be 'dollar negative' kind of events... gold should be favoured in that environment,' said WisdomTree commodities strategist Nitesh Shah. The US dollar index eased 0.2% against its rivals, making gold less expensive for other currency holders. Trump escalated his tariff campaign on Wednesday with a 50% levy on copper imports and a 50% duty on goods from Brazil, both effective from August 1. Trump also issued tariff notices to seven minor trading partners, adding to the 14 issued earlier in the week, also set to take effect on August 1 unless agreements are reached. However, financial markets have largely shrugged off US President Donald Trump's latest tariff salvos with global stocks advancing on Thursday.
