The metaverse, a virtual environment where users can enjoy fully immersive experiences, is designed to allow people to meet, play, or work using virtual reality or augmented reality-combined technology headsets, glasses, applications, or other devices. In addition to being applied within the gaming sector, the metaverse also has practical applications for countless other industries, such [...] Read more at ETFtrends.com.
The ALPS Clean Energy ETF (ACES) gained 4.3% last week, driven by speculation of tough sanctions on Russia for its war with Ukraine that will further tighten the global oil supply. Crude oil briefly touched $100/ barrel last week — the first time in seven years — and prompted clean energy names to be bid up as [...] Read more at ETFtrends.com.
By Dan Weiskopf, ETF Professor Stressed about your Finances and Portfolio Strategy? These days, there is a great deal of negative sentiment shaking confidence in markets. Near-term headlines overwhelmingly highlight rising risks and lack a tone of confidence in the future. Are we in a “Bear Market?” When did we enter it? Interest rates are going [...] Read more at ETFtrends.com.
IndexIQ has revamped the IQ Real Return ETF (CPI) to better reflect the evolving inflation landscape and marketplace. As part of the changes, CPI is now tracking the Bloomberg IQ Multi-Asset Inflation Index in a new relationship with Bloomberg Index Services Limited, with the objective of providing investors with better inflation exposure, effective February 28. [...] Read more at ETFtrends.com.
A new report on climate change paints a grim picture for the globe’s future. In the latest Intergovernmental Panel on Climate Change report, which was released on Monday, scientists conclude that human-induced climate change is causing dangerous and widespread disruption in nature and affecting the lives of billions of people around the world, and any [...] Read more at ETFtrends.com.
The Invesco Aerospace & Defense ETF is seeing unusually high volume in afternoon trading Tuesday, with over 582,000 shares traded versus three month average volume of about 51,000. Shares of PPA were off about 0.9% on the day.
In trading on Tuesday, the iShares U.S. Energy ETF is outperforming other ETFs, up about 0.5% on the day. Components of that ETF showing particular strength include shares of New Fortress Energy, up about 12% and shares of Occidental Petroleum, up about 4.8% on the day.
Volatility continues to increase. Last week was another eventful week in the markets. Three of the four trading days (the market was closed on Monday for the holiday) were “outlier” days (a trading day beyond +/-1.50%). On Wednesday, the S&P 500 declined by -1.84%. On Friday, it was up by 2.24%, the third largest outlier [...] Read more at ETFtrends.com.
The economic forces of supply and demand are feeding into higher oil prices. Of course, the Russia-Ukraine conflict only added jet fuel to the situation, with the Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH) pushing 9% higher the last five days. With more sanctions coming down like heavy rain [...] Read more at ETFtrends.com.
One of the primary sources of allure with autonomous transportation is the potential to remove the human element from the equation. Some experts believe that this will lead to an exponential decrease in automobile accidents and fatalities. What’s not to like about that? Additionally, autonomous transportation is an investable theme, one accessible via the ARK [...] Read more at ETFtrends.com.
The Federal Reserve could raise interest rates as soon as this month, but even if a hike of 50 basis points is deployed, rates will still be low on an absolute basis, meaning that fixed income investors are likely to remain hungry for yield. One way of satiating that appetite is with preferred stocks and [...] Read more at ETFtrends.com.
Every week, Evan Harp sits down with one of the founders of Exchange to learn more about them, their perspective on life, and what they hope Exchange can bring to the industry. This week he talks to Tom Hendrickson, the President of ETF Trends and ETF Database. Evan Harp: What is something surprising about you? [...] Read more at ETFtrends.com.
In recent trading, shares of Nutrien Ltd (Symbol: NTR) have crossed above the average analyst 12-month target price of $82.07, changing hands for $85.99/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation
In recent trading, shares of Lumen Technologies Inc (Symbol: LUMN) have crossed above the average analyst 12-month target price of $10.25, changing hands for $10.36/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade
In recent trading, shares of ONE Gas, Inc. (Symbol: OGS) have crossed above the average analyst 12-month target price of $81.50, changing hands for $83.09/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuati
In recent trading, shares of OGE Energy Corp (Symbol: OGE) have crossed above the average analyst 12-month target price of $37.40, changing hands for $37.55/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valua
In recent trading, shares of Fortinet Inc (Symbol: FTNT) have crossed above the average analyst 12-month target price of $342.55, changing hands for $344.52/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valua
In recent trading, shares of L3Harris Technologies Inc (Symbol: LHX) have crossed above the average analyst 12-month target price of $250.31, changing hands for $252.31/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgr
In recent trading, shares of Magnolia Oil & Gas Corp (Symbol: MGY) have crossed above the average analyst 12-month target price of $22.29, changing hands for $22.35/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgr
In recent trading, shares of Northrop Grumman Corp (Symbol: NOC) have crossed above the average analyst 12-month target price of $411.10, changing hands for $442.14/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade