With the threat of inflation constantly circling in investors’ minds, it’s no wonder that Treasury inflation-protected securities (TIPS) saw record inflows during the month of October. Inflation, as evidenced in the benchmark consumer price index (CPI), hit a three-decade high during the month of October. As such, investors sought various ways to try and stymie [...] Read more at ETFtrends.com.
While inflation has been a primary theme mentioned on earnings calls over the course of 2021, many U.S. corporations can deal with rising prices thanks to some pricing power. That’s the view of Fitch Ratings, and should it prove accurate, it could be beneficial to some corporate bond exchange traded funds, including the WisdomTree U.S. [...] Read more at ETFtrends.com.
On just its second day of trading after its IPO debut, electric vehicle (EV) company Rivian jumped 22% as the move towards EVs continues around the globe. Rivian aims to set itself apart in the competitive EV market by offering trucks that focus on ruggedness, utility, and luxury. This helps discern it from other rivals, [...] Read more at ETFtrends.com.
One of the nifty and perhaps overlooked elements of disruptive technologies is that these concepts often don’t function alone. Many are intertwined with one another. The ALPS Disruptive Technologies ETF (CBOE: DTEC) is an example of an exchange traded fund that presents investors with a robust menu of disruptive themes, plenty of which have relationships [...] Read more at ETFtrends.com.
Whether it’s electric vehicles, solar panels, or wind turbines, clean energy concepts and products depend on an assortment of components and metals. Some might call those green metals, and this new exchange traded fund is dedicated to that theme. The VanEck Green Metals ETF (GMET) debuted yesterday and could easily check some of the boxes that [...] Read more at ETFtrends.com.
Inflation reached a three-decade high during the month of October, but the good news is there’s a plethora of ways to combat inflation, such as real assets. Initial, more optimistic forecasts of inflation labeled it as transitory, but that narrative is starting to change. Talks of stagflation are entering the capital markets, and rates are [...] Read more at ETFtrends.com.
The CEF Municipal Income ETF is seeing unusually high volume in afternoon trading Friday, with over 221,000 shares traded versus three month average volume of about 93,000. Shares of XMPT were up about 0.1% on the day.
In trading on Friday, the ARK Fintech Innovation ETF is outperforming other ETFs, up about 1.5% on the day. Components of that ETF showing particular strength include shares of Farfetch, up about 18.6% and shares of Shopify, up about 8.8% on the day.
Inflation is at historic highs, the Fed will considering raising interest rates at least twice next year, and supply chain issues still continue. Companies that might have been lulled by low interest rate environments and a decade of outperformance are now facing a much less conducive economic environment for growth and profitability. Investors and advisors [...] Read more at ETFtrends.com.
In recent trading, shares of Seagate Technology Holdings PLC (Symbol: STX) have crossed above the average analyst 12-month target price of $100.76, changing hands for $105.26/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react:
In recent trading, shares of Freeport-McMoRan Inc (Symbol: FCX) have crossed above the average analyst 12-month target price of $40.04, changing hands for $40.90/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on
In recent trading, shares of Plug Power Inc (Symbol: PLUG) have crossed above the average analyst 12-month target price of $42.96, changing hands for $43.44/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valua
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
In recent trading, shares of Pilgrims Pride Corp. (Symbol: PPC) have crossed above the average analyst 12-month target price of $28.67, changing hands for $29.06/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
In recent trading, shares of Affirm Holdings Inc (Symbol: AFRM) have crossed above the average analyst 12-month target price of $143.45, changing hands for $151.83/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade o
In recent trading, shares of Tanger Factory Outlet Centers, Inc. (Symbol: SKT) have crossed above the average analyst 12-month target price of $20.00, changing hands for $20.26/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react
In recent trading, shares of Ormat Technologies Inc (Symbol: ORA) have crossed above the average analyst 12-month target price of $80.80, changing hands for $81.64/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade o
In recent trading, shares of Datadog Inc (Symbol: DDOG) have crossed above the average analyst 12-month target price of $189.50, changing hands for $190.34/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuat
In recent trading, shares of Marvell Technology Inc (Symbol: MRVL) have crossed above the average analyst 12-month target price of $73.25, changing hands for $73.42/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade