Latest news with #MidCap400
Associated Press
2 days ago
- Business
- Associated Press
APi Group Set to Join S&P MidCap 400
NEW YORK, June 18, 2025 /PRNewswire/ -- APi Group Corp. (NYSE: APG) will replace United States Steel Corp. (NYSE: X) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, June 24. Nippon Steel Corp. (TSE: 5401) acquired United States Steel in a deal that closed today. Following is a summary of the changes that will take place prior to the open of trading on the effective date: For more information about S&P Dow Jones Indices, please visit ABOUT S&P DOW JONES INDICES S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit FOR MORE INFORMATION: S&P Dow Jones Indices [email protected] Media Inquiries [email protected] View original content: SOURCE S&P Dow Jones Indices
Yahoo
15-05-2025
- Business
- Yahoo
Mairs and Power's Strategic Moves: U.S. Bancorp Reduction Highlights Q1 2025
Mairs and Power (Trades, Portfolio) recently submitted their 13F filing for the first quarter of 2025, offering a glimpse into their strategic investment decisions during this period. Based in Minnesota, Mairs and Power (Trades, Portfolio) manages three mutual funds: the Growth Fund, the Balanced Fund, and the Small-Cap Fund. Since its inception in 1931, the firm has adhered to a disciplined long-term investment approach, focusing on companies with consistent growth, strong returns on invested capital, and durable competitive advantages. Their low turnover strategy allows for well-considered investment decisions, providing a comprehensive understanding of business strategies and market cycles. Mairs and Power (Trades, Portfolio)'s focus on less efficient market areas aims to benefit investors with a long-term perspective, contrasting with the short-term focus of many active and hedge fund managers. Warning! GuruFocus has detected 4 Warning Sign with MSFT. Mairs and Power (Trades, Portfolio) added a total of 8 stocks, among them: The most significant addition was Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), with 397,657 shares, accounting for 0.69% of the portfolio and a total value of $66.01 million. The second largest addition to the portfolio was Cognex Corp (NASDAQ:CGNX), consisting of 63,359 shares, representing approximately 0.02% of the portfolio, with a total value of $1.89 million. The third largest addition was iShares MSCI EAFE ETF (EFA), with 11,571 shares, accounting for 0.01% of the portfolio and a total value of $945,710. Mairs and Power (Trades, Portfolio) also increased stakes in a total of 54 stocks, among them: The most notable increase was WEC Energy Group Inc (NYSE:WEC), with an additional 625,323 shares, bringing the total to 1,389,081 shares. This adjustment represents a significant 81.87% increase in share count, a 0.71% impact on the current portfolio, with a total value of $151.38 million. The second largest increase was The Kraft Heinz Co (NASDAQ:KHC), with an additional 985,915 shares, bringing the total to 2,372,182. This adjustment represents a significant 71.12% increase in share count, with a total value of $72.19 million. Mairs and Power (Trades, Portfolio) completely exited 16 holdings in the first quarter of 2025, as detailed below: S&P MidCap 400 ETF (MDY): Mairs and Power (Trades, Portfolio) sold all 1,035 shares, resulting in a -0.01% impact on the portfolio. Comcast Corp (NASDAQ:CMCSA): Mairs and Power (Trades, Portfolio) liquidated all 5,392 shares, causing a -0% impact on the portfolio. Mairs and Power (Trades, Portfolio) also reduced positions in 118 stocks. The most significant changes include: Reduced U.S. Bancorp (NYSE:USB) by 2,138,623 shares, resulting in a -50.84% decrease in shares and a -0.99% impact on the portfolio. The stock traded at an average price of $46.14 during the quarter and has returned -5.78% over the past 3 months and -5.93% year-to-date. Reduced Qualcomm Inc (NASDAQ:QCOM) by 368,523 shares, resulting in a -27.95% reduction in shares and a -0.55% impact on the portfolio. The stock traded at an average price of $163 during the quarter and has returned -10.92% over the past 3 months and -0.13% year-to-date. At the first quarter of 2025, Mairs and Power (Trades, Portfolio)'s portfolio included 221 stocks. The top holdings included 7.8% in Microsoft Corp (NASDAQ:MSFT), 6.54% in NVIDIA Corp (NASDAQ:NVDA), 4.94% in UnitedHealth Group Inc (NYSE:UNH), 4.75% in Inc (NASDAQ:AMZN), and 4.24% in JPMorgan Chase & Co (NYSE:JPM). The holdings are mainly concentrated in all 11 industries: Technology, Industrials, Healthcare, Financial Services, Consumer Cyclical, Communication Services, Basic Materials, Utilities, Consumer Defensive, Energy, and Real Estate. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. 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
Yahoo
09-02-2025
- Business
- Yahoo
Jim Cramer on Bristol Myers (BMY): 'Knocking It Out of the Park' – Is the Comeback Legit?
We recently published a list of . In this article, we are going to take a look at where Bristol-Myers Squibb Company (NYSE:BMY) stands against other stocks that Jim Cramer discussed 6 months ago during his show on July 29, 2024, and examine whether he was right or wrong about those stocks. Back then, Cramer was talking about the 'great broadening' which he described as the event where every stock was rallying except for the large cap stocks. He said: 'This market is not experiencing a small cap rally, it's experiencing a rally in everything else but the tech titans.' He also pointed out that many small-cap stocks were being bought indiscriminately through index funds like the Russell 2000, the S&P Small Cap 600, and the S&P Mid Cap 400. 'The big institutions don't have time to examine all these different small-cap stocks, they just buy the index itself as an entity because it's still historically cheap, even after this rally.' That's the essence of the broadening—some real treasures and some real trash getting scooped up together. He then explained: 'The treasure being companies that do better when interest rates go down like when the Fed starts cutting.' Unlike the cash-rich tech giants that don't need lower interest rates, small caps benefit tremendously from falling rates. That's why investors were selling their big-tech winners from earlier in the year and cycling into cheaper small-cap stocks. Jim Cramer was particularly enthusiastic about this narrative back then and said that investors should 'celebrate the market's good breadth'. For this article, we compiled a list of 12 stocks that were discussed by Jim Cramer during the episode of Mad Money on July 29, 2024. We then calculated their performance from July 29th, 2024, market close to February 4th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey's Q3 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them. Note: This article covers Jim Cramer's commentary from July 29, 2024, and does not account for any changes in his opinions regarding the stocks mentioned. Therefore, the commentary should not be mistaken for his latest opinions on any of the stocks that are mentioned. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). A pharmacy shelves stocked with pharmaceutical drugs awaiting distribution. Number of Hedge Fund Investors: 72 Bristol-Myers Squibb Company (NYSE:BMY) had been left for dead on Wall Street, plagued by years of missed earnings and patent concerns. But at the time the show aired, the company surprised everyone by raising its full-year guidance and delivering a huge earnings beat. Cramer emphasized: 'What happened with Bristol-Meyers (NYSE:BMY) is that after years of repeatedly missing earnings estimates, a new CEO came in and now they're knocking it out of the park'. He saw the market finally rewarding a well-executed turnaround, saying: 'They can't just rely endlessly on Eli Lilly,' he warned, highlighting how Bristol needed a fresh drug pipeline to win back investor confidence. With new leadership in place and strong execution, Cramer liked the stock again. And he's been right about that, with the stock being up more than 20% since his comments. Overall, BMY ranks 10th on our list of stocks that Jim Cramer discussed 6 months ago. While we acknowledge the potential of BMY as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BMY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
