First Trust Launches First Trust New Constructs Core Earnings Leaders ETF
New ETF Launch: First Trust Advisors has launched the First Trust New Constructs Core Earnings Leaders ETF (FTCE), which aims to track the Bloomberg New Constructs Core Earnings Leaders Index, focusing on companies with high earnings quality by analyzing their core earnings.
Investment Strategy Insight: The fund utilizes a quantitative approach to select the top 100 companies from the Bloomberg 1000 Index based on earnings quality, as investors are increasingly seeking stocks that can deliver consistent and repeatable earnings amidst muted overall earnings growth.
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Production Suspension: Stellantis N.V. will halt production at its Mirafiori plant in Turin from December 2 to January 5 due to weak demand for the electric Fiat 500 city car, primarily affecting European markets.
Stock Impact and Challenges: The company's stock has dropped 45% year-to-date as it struggles with the transition to electric vehicles, compounded by recent recalls and potential tariffs suggested by President-elect Donald Trump on imports from Canada and Mexico.

Third-Quarter Financial Performance: PulteGroup reported third-quarter revenue of $4.48 billion, exceeding expectations, with home sale revenues up 12% to $4.3 billion and a GAAP EPS of $3.35 beating the consensus of $3.15.
Market Outlook and Challenges: Despite a slight decline in net new orders, the dollar value increased by 3%, and CEO Ryan Marshall highlighted the structural shortage of homes and the potential impact of lower interest rates on affordability for buyers.
New ETF Launch: First Trust Advisors has launched the First Trust New Constructs Core Earnings Leaders ETF (FTCE), which aims to track the Bloomberg New Constructs Core Earnings Leaders Index, focusing on companies with high earnings quality by analyzing their core earnings.
Investment Strategy Insight: The fund utilizes a quantitative approach to select the top 100 companies from the Bloomberg 1000 Index based on earnings quality, as investors are increasingly seeking stocks that can deliver consistent and repeatable earnings amidst muted overall earnings growth.






