Schwab US Dividend Equity ETF ( $SCHD ) has risen by 1.37% in the past week. It has experienced a 5-day net outflow of $56.73 million.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:
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- Chevron has been in the spotlight recently due to significant layoffs at its Houston Hess office, where it plans to cut 575 jobs as part of a strategic integration with Hess Corporation. This move, while unsettling for employees, is seen as a step towards strengthening long-term competitiveness. Despite a 2.81% loss in share price over the past year, Chevron’s stock has a Moderate Buy consensus with a potential upside of 6.66%. The energy market’s volatility and potential consolidation with ExxonMobil could lead to further layoffs in the future.
- Conocophillips is receiving positive attention from analysts, with a Strong Buy consensus and a price target suggesting a 27.2% upside. The company is reportedly in talks to sell its Oklahoma assets, which could impact its financial standing. Analysts are optimistic about Conocophillips’ future, highlighting its potential for growth despite its current share price being close to a 52-week low.
- Pepsico is making strategic moves in response to market trends, reintroducing cane sugar in its products with the launch of Pepsi Prebiotic Cola. This aligns with a broader industry shift towards cleaner ingredients, potentially boosting brand loyalty and sales. However, the higher cost of cane sugar compared to corn syrup could increase production costs. Pepsico’s actions reflect a competitive response to Coca-Cola’s similar strategy, aiming to capture health-conscious consumers.