VistaShares AI Supercycle ETF Underperforms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: NASDAQ.COM
- ETF Performance: The VistaShares Artificial Intelligence Supercycle ETF is down approximately 8.1% in Tuesday afternoon trading, indicating a decline in market confidence that could affect investor inflows.
- Weak Component Stocks: Among the ETF's weakest performers are Sandisk, which fell about 12.5%, and Credo Technology Group Holding, down approximately 11.2%, reflecting a pessimistic outlook on these companies' prospects.
- Market Reaction: The overall market's low sentiment may lead investors to reassess their investment strategies in AI-related assets, potentially resulting in capital outflows from the ETF and exacerbating its downward pressure.
- Investor Confidence: As the ETF underperforms, investors may develop doubts about the long-term growth potential of the AI sector, impacting future investment decisions and market dynamics.
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Analyst Views on EPC
Wall Street analysts forecast EPC stock price to fall
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 25.490
Low
19.00
Averages
23.60
High
32.00
Current: 25.490
Low
19.00
Averages
23.60
High
32.00
About EPC
Edgewell Personal Care Company is a manufacturer and marketer of personal care products. With operations in approximately 20 countries, its products are widely available in more than 50 countries. The Company has three segments: Wet Shave, Sun and Skin Care, and Feminine Care. The Wet Shave segment consists of products sold under the Schick, Wilkinson Sword, Edge, Skintimate, Billie, Shave Guard and its custom brands group, as well as non-branded products. The Company’s Wet Shave products include razor handles and refillable blades, disposable shave products, and shaving gels and creams. The Sun and Skin Care segment products are sold under the Banana Boat, Hawaiian Tropic, Bulldog, Jack Black, Cremo and Wet Ones brand names. Feminine Care markets products under the Playtex, Stayfree, Carefree and o.b. brands. It offers tampons under the Playtex Gentle Glide 360, Playtex Sport, Playtex and o.b. brands. It also markets pads and liners under the Stayfree and Carefree brands.
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.
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- Asian Market Impact: Japan's Nikkei index dropped over 3%, while South Korea's Kospi index plummeted more than 10%, with foreign investors offloading over $2.5 billion in Kospi shares, indicating a global bearish sentiment towards tech stocks.
- Mixed Manufacturing Data: The US June manufacturing PMI unexpectedly rose to 55.7, surpassing expectations, indicating economic resilience; however, the Richmond Fed's manufacturing survey current conditions fell to 4, below the expected 8, suggesting uncertainty in economic recovery.
- Bond Market Reaction: Amid the stock sell-off, the 10-year T-note yield fell to 4.493%, while the 10-year breakeven inflation rate dropped to a 6-month low of 2.210%, reflecting increased demand for safe-haven assets.
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- Asian Market Impact: Japan's Nikkei Index declined by over 3%, and South Korea's Kospi fell by more than 10%, with foreign investors offloading over $2.5 billion in Kospi shares, exacerbating negative sentiment and contributing to a global market downturn.
- Divergent Manufacturing Data: The U.S. June manufacturing PMI unexpectedly rose to 55.7, surpassing expectations, indicating economic resilience; however, the Richmond Fed manufacturing survey fell to 4, suggesting challenges in the economic recovery that may influence Fed policy.
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- Weak Component Stocks: Among the ETF's weakest performers are Sandisk, which fell about 12.5%, and Credo Technology Group Holding, down approximately 11.2%, reflecting a pessimistic outlook on these companies' prospects.
- Market Reaction: The overall market's low sentiment may lead investors to reassess their investment strategies in AI-related assets, potentially resulting in capital outflows from the ETF and exacerbating its downward pressure.
- Investor Confidence: As the ETF underperforms, investors may develop doubts about the long-term growth potential of the AI sector, impacting future investment decisions and market dynamics.
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See More
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- Market Sell-off: The S&P 500 fell 1.44%, the Dow Jones Industrial Average dipped 0.09%, and the Nasdaq 100 plummeted 3.29%, reflecting investor concerns over high valuations in tech stocks, leading to diminished market confidence.
- Asian Market Impact: Japan's Nikkei index dropped over 3%, while South Korea's Kospi index plummeted more than 10%, with foreign investors offloading over $2.5 billion in Kospi shares, indicating a global bearish sentiment towards tech stocks.
- Mixed Manufacturing Data: The US June manufacturing PMI unexpectedly rose to 55.7, surpassing expectations, indicating economic resilience; however, the Richmond Fed's manufacturing survey current conditions fell to 4, below the expected 8, suggesting uncertainty in economic recovery.
- Bond Market Reaction: Amid the stock sell-off, the 10-year T-note yield fell to 4.493%, while the 10-year breakeven inflation rate dropped to a 6-month low of 2.210%, reflecting increased demand for safe-haven assets.
See More
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- Market Performance: The S&P 500 Index fell by 1.04%, reaching a 1.5-week low, while the Nasdaq 100 dropped by 2.67%, reflecting investor concerns over high valuations in tech stocks, which could impact future investment decisions.
- Asian Market Impact: Japan's Nikkei Index declined by over 3%, and South Korea's Kospi fell by more than 10%, with foreign investors offloading over $2.5 billion in Kospi shares, exacerbating negative sentiment and contributing to a global market downturn.
- Divergent Manufacturing Data: The U.S. June manufacturing PMI unexpectedly rose to 55.7, surpassing expectations, indicating economic resilience; however, the Richmond Fed manufacturing survey fell to 4, suggesting challenges in the economic recovery that may influence Fed policy.
- Bond Market Reaction: In response to the sharp equity selloff, the 10-year T-note yield dropped to 4.485%, indicating increased demand for safe-haven assets, although upcoming Treasury auctions may exert upward pressure on yields.
See More
VistaShares AI Supercycle ETF Underperforms
- ETF Performance: The VistaShares Artificial Intelligence Supercycle ETF is down approximately 8.1% in Tuesday afternoon trading, indicating a decline in market confidence that could affect investor inflows.
- Weak Component Stocks: Among the ETF's weakest performers are Sandisk, which fell about 12.5%, and Credo Technology Group Holding, down approximately 11.2%, reflecting a pessimistic outlook on these companies' prospects.
- Market Reaction: The overall market's low sentiment may lead investors to reassess their investment strategies in AI-related assets, potentially resulting in capital outflows from the ETF and exacerbating its downward pressure.
- Investor Confidence: As the ETF underperforms, investors may develop doubts about the long-term growth potential of the AI sector, impacting future investment decisions and market dynamics.
See More
Tech Stocks Plummet, Accenture Boosts Buyback Program
- Tech Selloff: Tech stocks broadly declined, with Micron Technology dropping over 10%, marking its worst day since June 5, leading to a significant selloff across the sector.
- Accenture Buyback Boost: Consulting giant Accenture's shares rose nearly 2% amidst the market downturn after announcing a $2 billion increase in its share repurchase program, bringing the total to over $7 billion, reflecting confidence in future growth.
- AMC Stock Plunge: AMC Entertainment's shares tumbled 25% after entering a definitive agreement to sell 95.3 million shares to institutional investors, raising approximately $200 million, indicating market concerns about its financial health.
- Primoris Services Guidance Cut: Primoris Services, a specialty contractor, saw its stock drop 22% after lowering guidance on renewable energy project cost overruns and announcing the departure of its COO, highlighting operational challenges faced by the company.
See More
US Stocks Plummet Sharply, Tech Sector Under Pressure
- Market Downtrend: The S&P 500 index fell by 1.26%, the Dow Jones Industrial Average by 0.30%, and the Nasdaq 100 by 2.69%, reflecting investor concerns over high valuations in tech stocks, leading to a global sell-off, particularly in chip and memory sectors.
- Asian Market Impact: Japan's Nikkei index dropped over 3%, while South Korea's Kospi index fell more than 10%, with foreign investors offloading over $2.5 billion in Kospi shares, triggering forced liquidations among retail investors and exacerbating market turmoil.
- Economic Data Support: Despite the stock market decline, the June S&P manufacturing PMI unexpectedly rose by 0.6 to 55.7, surpassing expectations, indicating economic resilience that could provide future market support.
- Bond Market Reaction: In response to the sharp equity sell-off, the 10-year Treasury note yield decreased by 2.2 basis points to 4.487%, indicating increased demand for safe assets, while easing inflation expectations saw the 10-year breakeven inflation rate drop to a six-month low of 2.217%.
See More
Edgewell Rejects Takeover Bid, Shares Surge
- Takeover Bid Rejected: Edgewell Personal Care Company has rejected an unsolicited takeover offer from Boston-based private equity firm Yellow Wood Partners, with the board deeming the $30 per share offer too low, reflecting the company's confidence in its valuation.
- Stock Surge: Shares of Edgewell surged 9.3% in early trading to $24.34, marking a more than 35% increase over the past six weeks, indicating strong market optimism regarding the company's future prospects.
- Company Background: Established in 2015 from the split of Energizer Holdings, Edgewell's brand portfolio boasts a rich history dating back to the 18th century with Wilkinson Sword and Schick, founded in 1921, showcasing its deep brand heritage.
- Strategic Positioning: Edgewell continues to reshape its portfolio through targeted acquisitions and selective divestitures, positioning itself as an innovation-driven pure play in personal care, thereby strengthening its market position.
See More
