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Midcap ETF XMMO leads with industrials, gaining 22% in 2026 amid AI-driven electricity demand.

Market News
23 Jun 2026
ETF Trends
View Source
Bullish
pluang ai news

The Invesco S&P MidCap Momentum ETF (XMMO) is showing strong performance in 2026, with a 22.11% gain year-to-date as of May 31. Unlike typical expectations that midcap momentum funds focus on tech or financials, XMMO has a surprising 42.51% allocation to industrials. This sector benefits from the AI industry's growing electricity needs, providing a strong tailwind. Investors looking for midcap exposure should consider XMMO's unique sector tilt and momentum strategy for potential growth.

More News

Zealthy launches enhanced virtual weight-loss platform with Zepbound access and insurance support.

Zealthy launches enhanced virtual weight-loss platform with Zepbound access and insurance support.

Zealthy has introduced an upgraded virtual weight-loss care platform that integrates telehealth services, insurance coordination, prescription management, and patient support. The platform allows eligible patients to complete an online health assessm...

Others
Bullish
1 hour ago
EARNED signs top 2026 MLB Draft prospect Cody Boshell as brand ambassador

EARNED signs top 2026 MLB Draft prospect Cody Boshell as brand ambassador

EARNED, a baseball culture brand, has signed Cody Boshell, a leading 2026 MLB Draft prospect and University of Tennessee commit, as a brand ambassador. Boshell is recognized for his powerful left-handed batting and strong work ethic, aligning with EA...

Others
Neutral
1 hour ago
JD.com downgraded to Hold with limited upside despite strong growth outlook

JD.com downgraded to Hold with limited upside despite strong growth outlook

Daiwa downgraded JD.com stock to Hold with a $27 price target, citing limited upside after recent 9.67% share decline. Despite this, analysts expect JD.com to report strong earnings and revenue growth, with EPS projected to rise 21.74% and revenue by...

Analyst Insights
Neutral
1 hour ago
ASE Technology sees AI chip demand boost but insider selling and high valuation raise caution.

ASE Technology sees AI chip demand boost but insider selling and high valuation raise caution.

ASE Technology Holding Co Ltd reported strong growth driven by demand for AI chip packaging, with gross margins rising to 20.1% from 16.8% year-over-year. The company expects its advanced packaging revenue to exceed $3.5 billion in 2026, reflecting r...

Market News
Neutral
1 hour ago
Over 20 pharma firms actively develop 25+ drugs for acute kidney injury treatment, signaling strong pipeline growth.

Over 20 pharma firms actively develop 25+ drugs for acute kidney injury treatment, signaling strong pipeline growth.

More than 20 pharmaceutical companies are actively researching and developing over 25 drugs for acute kidney injury (AKI), a condition causing sudden kidney function decline. Key players like AstraZeneca and Akebia Therapeutics are advancing therapie...

Market News
Bullish
1 hour ago
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