Why are Active ETFs Everywhere, and Are Investors Abandoning Mutual Funds?

Investing Insights

Morningstar, Ivanna Hampton, Sarah Hansen

Bonds, Stocks, Analysis, Advice, Trading, Funds, News, Investment, Morningstar, Entrepreneurship, Mutual, Ideas, Etfs, Finance, Investing, Business, Economic, Independent, Christine Benz

4.2 • 539 Ratings

🗓️ 8 December 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Salesforce and Snowflake stocks are cheap, but Intuit stock is expensive, plus, we tell you why active ETFs are all the rage right now.

Transcript

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0:00.0	Please stay tuned for important disclosure information at the conclusion of this episode.
0:06.3	Salesforce had a strong quarter. Shares are undervalued. Snowflake had mixed earnings,
0:11.0	but the stock is cheap. And are investors abandoning mutual funds in favor of active ETFs? This is
0:17.4	Investing Insights. Welcome to Investing Insights.
0:25.6	Welcome to Investing Insights. I'm your host, Ruth Saldana. Let's get started with a look at your Morning Star headlines.
0:29.6	Salesforce has reported another strong quarter.
0:32.6	The cloud-based software giant's revenue increased 11% in fiscal Q3.
0:36.6	The automated IT platform Mulesoft, the data cloud segment, and solid execution drove more than $8.7 billion in revenue.
0:44.3	The outlook has come in strong, especially for profitability.
0:47.3	Large deals and growth in remaining performance obligation impressed Morningstar.
0:51.3	Meanwhile, demand for professional services remained subdued. There was also
0:56.0	softness in transactional type revenue and slack self-service despite strong multi-cloud deals.
1:01.7	Margins can still expand, even as Salesforce invests in artificial intelligence. The firm repurchased
1:07.2	almost $2 billion in shares during the quarter. Morningstar is raising its estimate for
1:11.9	what Salesforce stock is worth from $265 from $255. Shares look slightly undervalued. Intuitt reported
1:20.7	solid top and bottom lines for its fiscal first quarter. The financial technology company
1:25.6	reported revenue of $3 billion, up 15% year-over-year.
1:30.6	Earnings came in at 85 cents per share. TurboTax racked up higher filing volumes than expected
1:35.9	during the tax extension period, but because the quarter was outside the traditional tax season,
1:40.9	Intuit's small business and self-employed groups contributed the most to revenue.
1:45.6	Despite the results, management left its full year forecast unchanged.
1:49.6	Morningstar estimates in Tzuid shares are worth $500 and are currently overvalued.
	...

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