Is Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 19 2024
0mins
Source: NASDAQ.COM
Overview of JSMD ETF: The Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), launched in 2016, aims to provide broad exposure to small-cap growth stocks and has over $378 million in assets, with a focus on healthcare, industrials, and technology sectors.
Performance and Comparison: As of September 2024, JSMD has shown positive returns of 9.39% year-to-date and 21.55% over the past year, but investors may also consider other ETFs like iShares Russell 2000 Growth ETF and Vanguard Small-Cap Growth ETF for potentially lower costs and risks.
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Analyst Views on HEI
Wall Street analysts forecast HEI stock price to rise
10 Analyst Rating
9 Buy
1 Hold
0 Sell
Strong Buy
Current: 309.400
Low
303.09
Averages
365.68
High
400.00
Current: 309.400
Low
303.09
Averages
365.68
High
400.00
About HEI
HEICO Corporation is a manufacturer of jet engine and aircraft component replacement parts. Its segments include the Flight Support Group (FSG) and the Electronic Technologies Group (ETG). The FSG segment consists of HEICO Aerospace Holdings Corp. and HEICO Flight Support Corp. (HFSC) and their subsidiaries. The FSG uses proprietary technology to design and manufacture jet engines and aircraft component replacement parts. FSG repairs, overhauls and distributes jet engine and aircraft components, avionics and instruments for domestic and foreign commercial air carriers and aircraft repair companies, as well as military and business aircraft operators. The ETG segment consists of HEICO Electronic Technologies Corp. and its subsidiaries. ETG designs, manufactures and sells various types of electronic, data and microwave, and electro-optical products, including infrared simulation and test equipment, laser rangefinder receivers, electrical power supplies, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Heico Reports Record Q2 Earnings Driven by Aerospace Demand
- Strong Performance: Heico (HEI) reported second-quarter revenue of $1.38 billion, a 25% increase year-over-year, surpassing Wall Street's expectation of $1.25 billion, indicating robust demand for aerospace replacement parts and defense electronics.
- Net Income Surge: Net income rose from $156.8 million a year earlier to $233.8 million, with earnings per share reaching $1.66, exceeding analyst estimates of $1.33, reflecting a significant enhancement in the company's profitability.
- Segment Growth: Heico's Flight Support Group saw a 21% increase in quarterly revenue to $929.4 million, with operating income climbing 31% to $243.1 million, showcasing strong organic growth and effective cost management.
- Acquisition-Driven Growth: Heico completed four acquisitions in the first half of fiscal 2026, contributing to a 34% revenue increase in its Electronic Technologies Group to $459.5 million, with operating income surging 56% to $121.8 million, highlighting the company's ongoing expansion in defense and aerospace markets.
See More
HEICO Q1 Earnings Exceed Expectations
- Strong Performance: HEICO reported Q1 GAAP EPS of $1.66, beating expectations by $0.33, indicating robust profitability and competitive strength in the aerospace and electronic technology sectors.
- Revenue Growth: The company achieved revenue of $1.38 billion, a 26.6% year-over-year increase, surpassing market expectations by $130 million, reflecting strong demand in its Flight Support and Electronic Technologies divisions, further solidifying its market position.
- Future Outlook: For the remainder of fiscal 2026, HEICO anticipates continued net sales growth in both the Flight Support Group and Electronic Technologies Group, driven by rising product demand and contributions from recent acquisitions, showcasing confidence in future growth.
- Market Dynamics: Despite pressures from the Iran war, HEICO is viewed as a 'buy' opportunity due to premium compression demand, indicating market recognition of its long-term growth potential.
See More
HEICO Set to Announce Q2 Earnings on May 27
- Earnings Announcement Date: HEICO is set to release its Q2 earnings on May 27 after market close, with consensus EPS estimated at $1.33 and revenue expected to reach $1.25 billion, reflecting a 13.6% year-over-year growth, which could significantly impact the stock price.
- Historical Performance: Over the past year, HEICO has beaten EPS estimates 100% of the time and revenue estimates 50% of the time, demonstrating the company's stability in profitability and bolstering market confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen 8 upward revisions and 6 downward revisions, while revenue estimates experienced 13 upward revisions and 1 downward revision, indicating a growing optimism among analysts regarding HEICO's future performance.
- Market Analysis: Despite pressures from the Iran war, Rothschild Redburn's new research coverage rates HEICO as a 'Buy', suggesting that quality stocks still present investment opportunities in the current market environment.
See More
Greg Abel's First Quarter Report Reveals Investment Strategy
- Portfolio Adjustments: In his first quarterly report, Abel adjusted the $330 billion equity portfolio by adding positions in Delta Airlines and Macy's, while tripling the stake in Alphabet, indicating his proactive approach to high-conviction stocks while maintaining Buffett's investment style.
- Small Position Sell-Off: In the first quarter, Abel and his team sold out of 16 smaller positions, including Visa and Mastercard, which accounted for about a third of Berkshire's total holdings, demonstrating decisive action in optimizing the investment portfolio.
- Core Holdings Retained: Despite the significant sell-off, Abel retained core holdings such as Apple, American Express, and Coca-Cola, reflecting his respect for and continuation of the company's traditional investment strategies established by Buffett.
- Positive Market Reaction: Following the announcement of Abel's investment strategy, Berkshire Hathaway's stock ticked higher, reflecting market confidence in his management capabilities and further solidifying the company's position in the investment community.
See More
Berkshire Hathaway's Abel Restructures Equity Portfolio
- Portfolio Restructuring: Greg Abel cut 16 small positions in the first quarter, including long-held Visa and Mastercard, demonstrating a strategic focus on concentrated high-conviction stocks while maintaining Buffett's traditional investment style.
- New Investment Directions: Abel added positions in Delta Airlines and Macy's, and tripled the investment in Alphabet, indicating a strategy aligned with Buffett's tech stock preferences, which may attract younger investors.
- Increased Concentration: Excluding investments in Japan, Berkshire now holds only 29 positions, retaining Buffett favorites like Apple, American Express, and Coca-Cola, reflecting ongoing confidence in classic quality assets.
- Positive Market Reaction: Despite the reduction of about one-third of the portfolio, Berkshire's stock price rose following the announcement, indicating market approval of Abel's investment strategy and suggesting optimistic expectations for future performance.
See More
Berkshire Hathaway's Major Portfolio Overhaul Under Greg Abel
- Portfolio Restructuring: Under Greg Abel's leadership, Berkshire Hathaway's equity portfolio underwent significant changes in the first three months, adding Delta Air Lines and Macy's, indicating a renewed focus on the airline and retail sectors.
- Massive Alphabet Stake Increase: Berkshire increased its stake in Google's parent company Alphabet by 224% in Q1, making it the company's seventh-largest holding with a market value of $16.6 billion, and the stock has rallied 38% since, showcasing the success of this decision.
- Reduction in Holdings: Abel dramatically cut the number of companies in the portfolio, selling off major stakes including Amazon and Visa, with Amazon's shares reduced from 10 million to 2.3 million, reflecting a significant strategic shift in investment focus.
- Return to Delta Airlines: Berkshire purchased 39.8 million shares of Delta Air Lines in Q1, currently valued at $2.8 billion, marking the company's first return to airline stocks since 2020, demonstrating confidence in the recovery of the airline industry.
See More
Heico Reports Record Q2 Earnings Driven by Aerospace Demand
- Strong Performance: Heico (HEI) reported second-quarter revenue of $1.38 billion, a 25% increase year-over-year, surpassing Wall Street's expectation of $1.25 billion, indicating robust demand for aerospace replacement parts and defense electronics.
- Net Income Surge: Net income rose from $156.8 million a year earlier to $233.8 million, with earnings per share reaching $1.66, exceeding analyst estimates of $1.33, reflecting a significant enhancement in the company's profitability.
- Segment Growth: Heico's Flight Support Group saw a 21% increase in quarterly revenue to $929.4 million, with operating income climbing 31% to $243.1 million, showcasing strong organic growth and effective cost management.
- Acquisition-Driven Growth: Heico completed four acquisitions in the first half of fiscal 2026, contributing to a 34% revenue increase in its Electronic Technologies Group to $459.5 million, with operating income surging 56% to $121.8 million, highlighting the company's ongoing expansion in defense and aerospace markets.
See More
HEICO Q1 Earnings Exceed Expectations
- Strong Performance: HEICO reported Q1 GAAP EPS of $1.66, beating expectations by $0.33, indicating robust profitability and competitive strength in the aerospace and electronic technology sectors.
- Revenue Growth: The company achieved revenue of $1.38 billion, a 26.6% year-over-year increase, surpassing market expectations by $130 million, reflecting strong demand in its Flight Support and Electronic Technologies divisions, further solidifying its market position.
- Future Outlook: For the remainder of fiscal 2026, HEICO anticipates continued net sales growth in both the Flight Support Group and Electronic Technologies Group, driven by rising product demand and contributions from recent acquisitions, showcasing confidence in future growth.
- Market Dynamics: Despite pressures from the Iran war, HEICO is viewed as a 'buy' opportunity due to premium compression demand, indicating market recognition of its long-term growth potential.
See More
HEICO Set to Announce Q2 Earnings on May 27
- Earnings Announcement Date: HEICO is set to release its Q2 earnings on May 27 after market close, with consensus EPS estimated at $1.33 and revenue expected to reach $1.25 billion, reflecting a 13.6% year-over-year growth, which could significantly impact the stock price.
- Historical Performance: Over the past year, HEICO has beaten EPS estimates 100% of the time and revenue estimates 50% of the time, demonstrating the company's stability in profitability and bolstering market confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen 8 upward revisions and 6 downward revisions, while revenue estimates experienced 13 upward revisions and 1 downward revision, indicating a growing optimism among analysts regarding HEICO's future performance.
- Market Analysis: Despite pressures from the Iran war, Rothschild Redburn's new research coverage rates HEICO as a 'Buy', suggesting that quality stocks still present investment opportunities in the current market environment.
See More
Greg Abel's First Quarter Report Reveals Investment Strategy
- Portfolio Adjustments: In his first quarterly report, Abel adjusted the $330 billion equity portfolio by adding positions in Delta Airlines and Macy's, while tripling the stake in Alphabet, indicating his proactive approach to high-conviction stocks while maintaining Buffett's investment style.
- Small Position Sell-Off: In the first quarter, Abel and his team sold out of 16 smaller positions, including Visa and Mastercard, which accounted for about a third of Berkshire's total holdings, demonstrating decisive action in optimizing the investment portfolio.
- Core Holdings Retained: Despite the significant sell-off, Abel retained core holdings such as Apple, American Express, and Coca-Cola, reflecting his respect for and continuation of the company's traditional investment strategies established by Buffett.
- Positive Market Reaction: Following the announcement of Abel's investment strategy, Berkshire Hathaway's stock ticked higher, reflecting market confidence in his management capabilities and further solidifying the company's position in the investment community.
See More
Berkshire Hathaway's Abel Restructures Equity Portfolio
- Portfolio Restructuring: Greg Abel cut 16 small positions in the first quarter, including long-held Visa and Mastercard, demonstrating a strategic focus on concentrated high-conviction stocks while maintaining Buffett's traditional investment style.
- New Investment Directions: Abel added positions in Delta Airlines and Macy's, and tripled the investment in Alphabet, indicating a strategy aligned with Buffett's tech stock preferences, which may attract younger investors.
- Increased Concentration: Excluding investments in Japan, Berkshire now holds only 29 positions, retaining Buffett favorites like Apple, American Express, and Coca-Cola, reflecting ongoing confidence in classic quality assets.
- Positive Market Reaction: Despite the reduction of about one-third of the portfolio, Berkshire's stock price rose following the announcement, indicating market approval of Abel's investment strategy and suggesting optimistic expectations for future performance.
See More
Berkshire Hathaway's Major Portfolio Overhaul Under Greg Abel
- Portfolio Restructuring: Under Greg Abel's leadership, Berkshire Hathaway's equity portfolio underwent significant changes in the first three months, adding Delta Air Lines and Macy's, indicating a renewed focus on the airline and retail sectors.
- Massive Alphabet Stake Increase: Berkshire increased its stake in Google's parent company Alphabet by 224% in Q1, making it the company's seventh-largest holding with a market value of $16.6 billion, and the stock has rallied 38% since, showcasing the success of this decision.
- Reduction in Holdings: Abel dramatically cut the number of companies in the portfolio, selling off major stakes including Amazon and Visa, with Amazon's shares reduced from 10 million to 2.3 million, reflecting a significant strategic shift in investment focus.
- Return to Delta Airlines: Berkshire purchased 39.8 million shares of Delta Air Lines in Q1, currently valued at $2.8 billion, marking the company's first return to airline stocks since 2020, demonstrating confidence in the recovery of the airline industry.
See More
