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Exchange-traded funds (ETFs) by Pacer have become popular among value investors. In addition to their unique names, some of these funds are highly uncorrelated to the broader market. This article compares the US Cash Cows Growth ETF (BUL), US Small Cap Cash Cows 100 ETF (CALF), and the US Cash Cows 100 ETF (COWZ).

Pacer US Cash Cows ETF (COWZ)

The COWZ ETF is one of the biggest value-focused exchange funds with almost $24 billion in assets. It is a fund focusing on American companies with a long track record of growing their free cash flow.

Its portfolio creation follows a unique path, where it starts with the Russell 1000 companies. It then sorts these names in terms of their free cash flow, which is ranked by the trailing twelve-month (TTM) period. The company then selects 100 firms that have the highest TTM fre cash flow yield.

COWZ has 100 companies, most of them in the energy segment. They are followed by healthcare, consumer discretionary, technology, and consumer staples. The top companies in the fund are ConocoPhillips, Marathon Petroleum, Exxon, Chevron, and Ford Motor, 

Pacer US SMALL Cap Cash Cows 100 ETF (CALF)

CALF is a similar fund to COWZ, with the only difference being that it focuses on small companies. Whereas the COWZ fund starts its screening on the Russell 1000 index, CALF starts by screening the S&P SmallCap 600 companies. It initially ranks these firms by their free cash flow yield and then selects the top 100 firms. 

CALF’s constituent companies are mostly in the consumer discretionary sector, and are then followed by technology, industrials, energy, and healthcare. The fund’s biggest names are United Airlines, Expedia, Ovintiv, Flex, CF Industries, and Jazz Pharmaceuticals.

Read more: 4 great SWAN ETFs: RWL, SCHD, DGRO, COWZ

Pacer US Cash Cows Growth ETF (BUL)

The BUL ETF, on the other hand, also focuses on free cash flow. It works like COWZ and CALF, with the only difference being that it focuses on growth companies in the US. It screens the top 100 companies in the S&P 900 Pure Growth Index and then looks at the top 50 of them.

31% of these companies are in the consumer discretionary segment, while 29% ae in the industrials sector. The other companies are in the technology, healthcare, and consumer staples. Some of the top companies in the fund are Uber, Airbnb, Booking, Salesforce, Caterpillar, and IBM. 

COWZ vs. CALF vs BUL: better buy?

As described above, these funds are largely similar, with the only difference being the underlying index being screened. The other difference is their cost or expense ratio. COWZ is the most affordable with its expense ratio of 0.49%. CALF has an expense ratio of 0.59%, while BUL charges 0.60%. 

Analysts recommend investing in low-cost funds because these fees add up over time. For example, a $100,000 invested in COWZ will cost $490 a year and $4900 in ten years, excluding the compounding effect. A similar amount invested in BUL will cost $600 and $6,000 in the same period.

One should only consider investing in an expensive ETF if it has better returns. A closer look shows that COWZ has a total return of minus 1.20% this year, while CALF and BUL have dropped by 11.46% in the same period. 

COWZ vs. CALF vs. BUL vs. SPY

COWZ has returned 16.5% in the last three years, while CALF has dropped 2.0%, and BUL has jumped by 18%. As shown above, the COWZ ETF returned 192% in the last five years, compared to CALF’s and BUL’s 157%. 

Therefore, historical performance shows that COWZ is a slightly better fund to invest in than CALF and BUL. It also beat the S&P 500 index in the same period. The CALF ETF, on the other hand, has been the worst performer in this period.

The post COWZ vs CALF vs BUL: Which free cash flow ETF is better to buy? appeared first on Invezz

The SCHD ETF has done well this year, as it outperformed mainstream funds like those tracking the S&P 500, Nasdaq 100, and the Dow Jones indices. It has risen by 2.8% this year, while the three blue-chip indices have dropped by over 1%.

Why the SCHD ETF has beaten blue-chip indices

The SCHD ETF has done well for two main reasons. First, as we wrote recently, the main reason why US stocks have crashed is not Donald Trump’s tariffs. Instead, it is the general fear that the AI bubble has burst and that US tech stocks have been highly valued. 

This explains why many large technology companies have surged in the past few months. This includes well-known brands like NVIDIA, Salesforce, AMD, and Apple. All companies in the Magnificent 7 group have dropped sharply this year. On the other hand, companies that are highly vulnerable to Donald Trump’s tariffs, like Ford and Kroger have done well.

SCHD is mostly unaffected by the challenges in technology and AI industry because it only has a small exposure in the tech industry. Technology companies account for just 10% of the fund. 

Second, the SCHD ETF has done well because the biggest companies in the fund are largely unaffected by Trump’s tariffs. The biggest names in the fund are in the pharmaceutical sector, and are firms like AbbVie, Amgen, Bristol-Myers Squibb, and Pfizer. 

While Donald Trump has vowed to add tariffs on imported drugs, these companies will not be affected since patients will continue to fill their prescriptions. Most of these drugs are paid for by insurance companies, which may decide to hike prices a bit.

The other big companies in the SCHD ETF is Coca-Cola, Chevron, Verizon, Blackrock, and Altria. Coca-Cola is widely seen as an all-weather company that does well in all market conditions. 

Chevron will also not be affected because it operates in the oil and has industry, while Altria’s business will continue doing well. 

SCHD ETF reconstitution ahead

The next main catalyst for the SCHD ETF will be the Dow Jones Index 100 Index reconstitution. The SCHD tracks this index, which undergoes a reconstitution each year. 

This reconstitution has already happened, but the real execution will happen on March 31st. As such, SCHD investors may be interested in the companies that enter the fund and those that exit. 

A notable thing that happened last year is that the SCHD fund removed Broadcom, which was a mistake as the stock surged. 

Several companies in the SCHD ETF will be removed this year. The most notable ones are Pfizer, Blackrock, US Bancorp, M&T Bank, KeyCorp, Huntington Bancorporation, Synovus, H&R Block, Tapestry, and DICK’s Sporting Goods. 

What is notable is that most of these companies are in the regional banks, an industry that has come under pressure in the past few years. 

The SCHD ETF will see an entry of some well-known companies across various industries. Some of the most notable new entry companies are Merck, ConocoPhilips, Target, General Mills, Archer-Daniels-Midlands, Moelis, Flowers Foods, Signet Jewelers, and Interpafums. Other companies that will be part of the SCHD fund are Federated Hermes, Autoliv, Schlumberger, and Halliburton. 

Therefore, there is a likelihood that the SCHD ETF will have some volatility after the reconstitution happens. In the long-term, however, its performance will likely continue as it has done in the past.

The post SCHD ETF: brace for big changes on this blue-chip fund next week appeared first on Invezz

AMD stock price remains in a deep bear market as concerns about the artificial intelligence industry continue. After peaking at $226 in March last year, the stock has plunged by about 50% to the current $113. This article explores why the AMD shares have crashed, and what to expect in the near term. 

AMD is gaining market share in AI

Advanced Micro Devices is a top semiconductor company that provides its solutions to customers across various industries. It has a large business in the data center industry, which has become the most important one in the artificial intelligence sector. In this, the company offers solutions like EPYC, Instinct, Alveo, Virtex, and Kintex. 

The company also offers its CPU in the client segment, which is made up of computers and PCs. Additionally, it is a leading player in the gaming and embedded segment. 

AMD, like NVIDIA, has been in focus in the past few years because of its AI business, which is its main revenue driver now that other segments are slowing. The most recent results showed that AMD’s data center revenue rose by 69% in the fourth quarter to $3.8 billion. This means that it has captured about 10% of the industry so far. 

The segment made an operating income of $1.15 billion, up by 74% from the same quarter a year earlier. For the year, the company’s data center revenue rose by 94% to $12.57 billion, and the management expects to see robust growth in the coming years. 

AI concerns remain

The challenge, however, is that the AI industry is being disrupted by Chinese companies, which have mastered the science of training advanced models using cheaper chips. A good example of this is DeepSeek, which built advanced models for a negligible amount. 

Other Chinese companies like Alibaba and Tencent have all released advanced models without American chips. Therefore, after having robust growth in the past few years, there is a risk that the sector will start to slow soon, affecting its growth. 

Analysts have already positioned themselves for this slowdown. The average estimate is that its annual revenue will be $31.75 billion this year, a 23% annual growth. It will then grow by 20% next year and get to $38 billion.

The main hope for AMD is that customers will opt for its GPUs as a viable alternative to those made by NVIDIA.

At the same time, there are concerns about the gaming and embedded busines, whose revenue has slowed lately. The gaming revenue dropped by 58% last year, while the embedded one fell by 46%.

Read more: AMD stock price forecast: set to surge after the $172b wipeout

AMD stock price analysis

AMD chart by TradingView

The daily chart shows that the AMD share price has been in a strong downtrend in the past few months. It has crashed from last year’s high of $227 to a low of $95.40 this year. This lowest point was notable because it was also the lowest swing in October 2023.

Most recently, the stock formed a descending channel, and has now moved above the upper side of the channel. 

There are signs that the stock has formed a falling wedge pattern and a double-bottom whose neckline is at $227. Therefore, there is a likelihood that the stock will bounce back, and possibly hit the key resistance level at $135, followed by $174, the highest point in October last year.

The post AMD stock price forecast after crashing to a crucial support appeared first on Invezz

The SCHD ETF has done well this year, as it outperformed mainstream funds like those tracking the S&P 500, Nasdaq 100, and the Dow Jones indices. It has risen by 2.8% this year, while the three blue-chip indices have dropped by over 1%.

Why the SCHD ETF has beaten blue-chip indices

The SCHD ETF has done well for two main reasons. First, as we wrote recently, the main reason why US stocks have crashed is not Donald Trump’s tariffs. Instead, it is the general fear that the AI bubble has burst and that US tech stocks have been highly valued. 

This explains why many large technology companies have surged in the past few months. This includes well-known brands like NVIDIA, Salesforce, AMD, and Apple. All companies in the Magnificent 7 group have dropped sharply this year. On the other hand, companies that are highly vulnerable to Donald Trump’s tariffs, like Ford and Kroger have done well.

SCHD is mostly unaffected by the challenges in technology and AI industry because it only has a small exposure in the tech industry. Technology companies account for just 10% of the fund. 

Second, the SCHD ETF has done well because the biggest companies in the fund are largely unaffected by Trump’s tariffs. The biggest names in the fund are in the pharmaceutical sector, and are firms like AbbVie, Amgen, Bristol-Myers Squibb, and Pfizer. 

While Donald Trump has vowed to add tariffs on imported drugs, these companies will not be affected since patients will continue to fill their prescriptions. Most of these drugs are paid for by insurance companies, which may decide to hike prices a bit.

The other big companies in the SCHD ETF is Coca-Cola, Chevron, Verizon, Blackrock, and Altria. Coca-Cola is widely seen as an all-weather company that does well in all market conditions. 

Chevron will also not be affected because it operates in the oil and has industry, while Altria’s business will continue doing well. 

SCHD ETF reconstitution ahead

The next main catalyst for the SCHD ETF will be the Dow Jones Index 100 Index reconstitution. The SCHD tracks this index, which undergoes a reconstitution each year. 

This reconstitution has already happened, but the real execution will happen on March 31st. As such, SCHD investors may be interested in the companies that enter the fund and those that exit. 

A notable thing that happened last year is that the SCHD fund removed Broadcom, which was a mistake as the stock surged. 

Several companies in the SCHD ETF will be removed this year. The most notable ones are Pfizer, Blackrock, US Bancorp, M&T Bank, KeyCorp, Huntington Bancorporation, Synovus, H&R Block, Tapestry, and DICK’s Sporting Goods. 

What is notable is that most of these companies are in the regional banks, an industry that has come under pressure in the past few years. 

The SCHD ETF will see an entry of some well-known companies across various industries. Some of the most notable new entry companies are Merck, ConocoPhilips, Target, General Mills, Archer-Daniels-Midlands, Moelis, Flowers Foods, Signet Jewelers, and Interpafums. Other companies that will be part of the SCHD fund are Federated Hermes, Autoliv, Schlumberger, and Halliburton. 

Therefore, there is a likelihood that the SCHD ETF will have some volatility after the reconstitution happens. In the long-term, however, its performance will likely continue as it has done in the past.

The post SCHD ETF: brace for big changes on this blue-chip fund next week appeared first on Invezz

AMD stock price remains in a deep bear market as concerns about the artificial intelligence industry continue. After peaking at $226 in March last year, the stock has plunged by about 50% to the current $113. This article explores why the AMD shares have crashed, and what to expect in the near term. 

AMD is gaining market share in AI

Advanced Micro Devices is a top semiconductor company that provides its solutions to customers across various industries. It has a large business in the data center industry, which has become the most important one in the artificial intelligence sector. In this, the company offers solutions like EPYC, Instinct, Alveo, Virtex, and Kintex. 

The company also offers its CPU in the client segment, which is made up of computers and PCs. Additionally, it is a leading player in the gaming and embedded segment. 

AMD, like NVIDIA, has been in focus in the past few years because of its AI business, which is its main revenue driver now that other segments are slowing. The most recent results showed that AMD’s data center revenue rose by 69% in the fourth quarter to $3.8 billion. This means that it has captured about 10% of the industry so far. 

The segment made an operating income of $1.15 billion, up by 74% from the same quarter a year earlier. For the year, the company’s data center revenue rose by 94% to $12.57 billion, and the management expects to see robust growth in the coming years. 

AI concerns remain

The challenge, however, is that the AI industry is being disrupted by Chinese companies, which have mastered the science of training advanced models using cheaper chips. A good example of this is DeepSeek, which built advanced models for a negligible amount. 

Other Chinese companies like Alibaba and Tencent have all released advanced models without American chips. Therefore, after having robust growth in the past few years, there is a risk that the sector will start to slow soon, affecting its growth. 

Analysts have already positioned themselves for this slowdown. The average estimate is that its annual revenue will be $31.75 billion this year, a 23% annual growth. It will then grow by 20% next year and get to $38 billion.

The main hope for AMD is that customers will opt for its GPUs as a viable alternative to those made by NVIDIA.

At the same time, there are concerns about the gaming and embedded busines, whose revenue has slowed lately. The gaming revenue dropped by 58% last year, while the embedded one fell by 46%.

Read more: AMD stock price forecast: set to surge after the $172b wipeout

AMD stock price analysis

AMD chart by TradingView

The daily chart shows that the AMD share price has been in a strong downtrend in the past few months. It has crashed from last year’s high of $227 to a low of $95.40 this year. This lowest point was notable because it was also the lowest swing in October 2023.

Most recently, the stock formed a descending channel, and has now moved above the upper side of the channel. 

There are signs that the stock has formed a falling wedge pattern and a double-bottom whose neckline is at $227. Therefore, there is a likelihood that the stock will bounce back, and possibly hit the key resistance level at $135, followed by $174, the highest point in October last year.

The post AMD stock price forecast after crashing to a crucial support appeared first on Invezz

Nvidia’s annual GTC conference has confirmed continued momentum in demand for AI products in 2025.

Computation requirements for advanced artificial intelligence systems are “easily a hundred times more than we thought we needed this time last year,” according to its chief executive, Jensen Huang.

And that includes China’s DeepSeek, he emphasized.

Being the AI darling, what Nvidia projects as the future of artificial intelligence tends to bode well for the market at large, which is no longer restricted to stocks only.

AI-enabled crypto tokens like PepeX stand just as much a change to benefit as well.

How Nvidia’s updates bode well for PepeX

At its annual event, Nvidia offered more color on its next-gen AI chips, and announced team ups across several industries, including medtech.

The chipmaker also revealed plans of setting up a quantum research lab in a show of commitment to cutting-edge technologies that complement artificial intelligence at the GTC 2025.

Nvidia’s updates suggest concerns of an AI slowdown are entirely overblown, which may end up benefitting PepeX as it’s the “world’s first AI-powered meme coin launchpad.”

With the use of artificial intelligence, it aims at adding significant convenience to launching new meme coins.

You can click here if you wish to learn more about PepeX.  

PepeX is increasingly getting popular among investors

The AI narrative tied to PepeX is translating to significant demand for its native meme coin that’s currently in the presale stage.

PepeX has raised over $5.6 million within a matter of days even though it’s priced at $0.0281 only at the time of writing.

The initial demand for the native PepeX meme coin suggests it will likely attract continued interest once it lists on a crypto exchange after the presale.

And as capital continues to flow into the native token, its price may push further to the upside through the remainder of 2025.

If you’re interested in diving deeper into PepeX and its future roadmap, you can visit its website on this link.

Broader crypto landscape is turning favourable

PepeX may be a better investment than peers for those interested in the meme coins space as it has crypto winds on top of AI catalysts on its back as well.

Under the Trump administration, the crypto market at large is broadly expected to invite more capital due to the regulatory clarity.

Plus, while inflation has not returned to Fed’s 2.0% target, the central bank continues to expect cutting rates two times before the end of this year, which may make risk-on assets, including crypto more attractive for investment.

Put together, these factors will unlock further significant upside in crypto coins, some of which may trickle down to meme coins like PepeX as well.  

The post Nvidia’s GTC silences AI slowdown concerns: what it means for PepeX appeared first on Invezz

Atomera Inc (NASDAQ: ATOM) is down nearly 15% in premarket following news that one of its high-level executive has decided to part ways with the semiconductor firm.  

Shawn Thomas will exit his role as the vice president of marketing and business development at Atomera on March 28th.

The reason for his departure remains unknown.

ATOM is yet to name a candidate who would potentially replace Thomas as the senior executive. Including today’s decline, Atomera stock is down nearly 70% versus its year-to-date high.  

Why does it matter for Atomera stock?

Thomas’ resignation as the vice president of marketing and business development is significant as it arrives at a time when Atomera is already wrestling with several challenges.

His exit could signal internal instability or strategic shifts, which might further unsettle investors and stakeholders.

For one, the semiconductor company is struggling with delays in realising revenue opportunities.

In February, it reported $20 thousand in revenue for its fiscal Q4 – well below $0.5 million that analysts had forecast.  

And that’s when the semiconductor industry “is an ideal state to adopt new technology,” according to its chief executive Scott Bibaud.

That said, Atomera stock is, nonetheless, up some 100% versus its 52-week low at writing.

ATOM has several issues to fix

Despite a sharp pull back in Atomera shares since the start of this year, investors should practice caution in buying the dip since the company is yet to address a bunch of its ongoing issues.

For instance, it has faced delays on the STMicroelectronics collaboration that has pushed back the timeline for production and revenue generation.

Plus, talks with an unnamed “transformative” customers have stalled, raising concerns about the firm’s ability to secure and maintain critical partnerships.

Not to mention that ATOM is still burning cash at a fast rate, having lost over $18 million in 2024.

And Atomera stock does not currently pay a dividend to make it any more attractive for investors to stick with it through the weakness.

Atomera shares lack interest from institutions

Atomera stock remains unattractive despite recent weakness also because the semiconductor industry at large is grappling with volatility due to global trade tensions.

Supply chain disruptions and the related fluctuation in demand are also among externa factors that continue to serve as boon for the likes of ATOM.

Additionally, it’s worth mentioning that the semiconductor stock is not very widely covered by the Wall Street, indicating it’s not on the radar of major institutional investors or lacks widespread interest in the financial community.

This can lead to less liquidity and higher volatility, as fewer market participants are actively trading the stock.

Put together, all of these headwinds suggest there are better names out there to buy on a pullback.

The post Why did Atomera stock drop 15% today and is it worth buying? appeared first on Invezz

Carvana (NYSE:CVNA) shares rose in early trading on Tuesday after Morgan Stanley upgraded the stock, citing an attractive entry point following a recent pullback.

The used-car retailer’s stock climbed more than 6% to $227.02 in premarket hours after the investment bank boosted its rating to Buy from Hold and raised its price target to $280 from $260.

Fall in Carvana stock a ‘unique opportunity’ for investors: Morgan Stanley

Morgan Stanley analyst Adam Jonas said the recent downturn in Carvana’s stock price presents a “unique opportunity for investors to gain exposure to a leader in auto retail and fleet fulfillment.”

The firm highlighted Carvana’s competitive advantages and strong execution, reinforcing its long-term growth prospects.

“While Carvana remains more exposed to a lower strata of auto credit relative to the rest of our auto coverage, the company has demonstrated execution with profitable growth and addressed leverage concerns,” Jonas added.

Carvana stock had been trading above $285 in mid-February but fell by 12.1% after reporting fourth-quarter earnings on February 19.

While the company’s financial results exceeded expectations, the stock appeared to lose momentum following a rally that saw it surge roughly 450% over the past year.

The firm’s earnings before interest, taxes, depreciation, and amortization (EBITDA) improved significantly, reaching $1.4 billion in 2024 from $339 million in 2023.

Wall Street expects EBITDA to rise further to $1.9 billion in 2025, according to FactSet.

Why analysts are bullish on Carvana’s future

With the latest upgrade, 55% of analysts covering Carvana stock now have Buy ratings, matching the average Buy-rating ratio for S&P 500 stocks.

The consensus price target stands at approximately $279, suggesting additional upside.

Carvana’s current valuation trades at around 27 times estimated 2025 EBITDA, compared to an industry average of 17 times.

Analysts argue that the company’s rapid EBITDA growth justifies the premium valuation.

Piper Sandler analysts also weighed in last week, advising investors to “buy the dip” following Carvana’s recent stock slide.

They reiterated a $225 price target, implying more than 20% upside from Thursday’s close, which was breached on Tuesday.

The firm pointed out that Carvana’s share of the used car market is currently around 1%, but it has the potential to expand beyond 10% in the long run.

Carvana’s vehicle sales, which totalled 416,000 last year, could surpass 3 million over time, according to Piper Sandler.

Carvana’s resilience amid market headwinds

Despite concerns about new tariffs affecting the auto sector, analysts believe Carvana is well-insulated.

The company primarily sells used vehicles within the US, reducing exposure to global trade uncertainties.

Additionally, its innovative digital retail model allows for continued growth even if the broader used car market faces challenges.

The recent upgrades and bullish outlook from analysts suggest that investors see Carvana as a resilient player in the evolving auto retail landscape, with strong growth prospects despite market volatility.

The post Carvana stock surges 6% after Morgan Stanley’s upgrade appeared first on Invezz

Speaker Mike Johnson, R-La., is expected to privately meet with Republican members of the House Judiciary Committee on Tuesday, two people familiar with the plans told Fox News Digital.

The timing or reason for the meeting is not immediately clear, but it comes as Republicans in Congress map out how to respond to what they see as ‘activist’ judges blocking President Donald Trump’s agenda.

The committee is currently scheduled to mark up several pieces of legislation, unrelated to the judicial standoff, on Tuesday morning at 10 a.m. ET. Johnson is scheduled to hold his weekly press conference at that time.

It comes as the Trump administration has faced more than a dozen injunctions from various district court judges across the country on a range of policy decisions.

House Majority Leader Steve Scalise, R-La., announced on X Monday that lawmakers would be voting on a bill next week led by Rep. Darrell Issa, R-Calif., to limit U.S. district court judges’ ability to hand down nationwide injunctions.

Fox News Digital was told last week that Trump himself expressed interest in the bill.

Meanwhile, House Judiciary Committee Chairman Jim Jordan, R-Ohio, is expected to hold a hearing on the issue of activist judges early next week.

Several conservative lawmakers have also introduced or threatened resolutions to impeach specific judges blocking Trump’s agenda.

Johnson has been known to meet with various factions of the House GOP when trying to push key pieces of legislation, particularly when there are differing opinions on what to do, to ensure all lawmakers who want to express a viewpoint are heard.

But House GOP leaders have also been privately wary of getting behind any of the calls for impeachment, worried it would not be the most effective approach.

Trump, however, has previously signaled interest in impeaching U.S. district court Judge James Boasberg after he issued an emergency order blocking the administration’s deportation of suspected Tren de Aragua gang members under the Alien Enemies Act.

Rep. Brandon Gill, R-Texas, introduced a resolution to impeach Boasberg for ‘abuse of power’ last week. The legislation gained three new supporters on Monday and now has 19 total co-sponsors.

Some House Republicans expressed hesitation at the idea when asked by Fox News Digital on Monday night, however.

‘We shouldn’t lower the standard for impeachment, but we should – we meaning Congress – should provide a remedy for district court judges who totally overreach,’ Rep. Nick LaLota, R-N.Y., said.

Another House Republican who declined to be named said they were ‘totally opposed’ to impeachment.

‘That’s what the appeals process is for,’ they said.

Rep. Marlin Stutzman, R-Ind., contended that the impeachment resolutions sent a necessary message. 

‘The reason I sponsored Gill’s efforts is just – if we don’t say anything, the judges are going to be like, ‘Oh, we can do whatever we want.’ So they need to know that we are watching and that there’s a group of us that, if that’s what it takes, we would support that,’ Stutzman said.

Rep. Ralph Norman, R-S.C., said Issa’s bill was a ‘start’ but said the House Freedom Caucus would have discussions about whether the group wanted to push for impeachment.

Fox News Digital reached out to Johnson’s office and the House Judiciary Committee for comment but did not immediately hear back.

This post appeared first on FOX NEWS

U.S. Attorney General Pam Bondi issued a stern warning to those engaged in government fraud at the most recent Cabinet meeting on Monday.

Speaking with President Donald Trump present at the meeting, Bondi thanked Tesla CEO Elon Musk for uncovering ‘fraud, waste and abuse’ through the Department of Government Efficiency (DOGE) initiative.

‘A lot of waste and abuse, but there is a tremendous amount of fraud,’ Bondi began. ‘And, Elon, thank you for your partnership. Thank you for your team. You have uncovered so much fraud in our government.’

Bondi then revealed that an internal task force is involved with bringing those accused of fraud to justice.

‘We will prosecute you,’ the attorney general warned. ‘We have an internal task force now working with every agency sitting here at this table. And if you’ve committed fraud, we’re coming after you. Thank you, Elon.’

Bondi also mentioned that, under Trump’s directive, the Department of Justice (DOJ) will begin seeking the death penalty for those convicted of violent crimes.

‘All of these horrible violent criminals that you’re hearing about around the country, they will face the death penalty federally within our country,’ Bondi said. ‘And the drug dealers need to get out of here, because we are coming after you. We’re going to have 94 great U.S. attorneys around this country, and everyone will be prosecuted to the fullest extent of the law.’

The topic of government fraud was mentioned throughout the meeting, with Musk claiming that he found $330 million worth of waste within the Small Business Administration (SBA).

‘[We found] a case of fraud and waste with the Small Business Administration, where they were handing out $330 million worth of loans to people under the age of 11,’ Musk said. ‘I think the youngest was a nine month year [sic] old who got a $100,000 loan.’

‘That’s a very precocious baby we’re talking about here,’ he joked.

Trump expressed appreciation to both Musk and the rest of the Cabinet for uncovering waste and fraud.

‘We’ve had many fraudulent contracts that were caught by the work that Elon and his people are doing,’ the president said. ‘And working with our people, it’s been brought to light. The fraud, not just waste and abuse, the fraud has been incredible.’

This post appeared first on FOX NEWS