Ford announced in their earnings report that they brought in $33.2 billion in automotive revenue and $2 billion in adjusted earnings, beating the expectations of analysts, reported CNN Business. Chip shortages and supply chain issues have impacted the entire automotive industry, and while Ford has felt the crunch, thriving demand for their vehicles and a [...] Read more at ETFtrends.com.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI United Kingdom ETF, where 8,300,000 units were destroyed, or a 8.5% decrease week over week.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the WisdomTree Floating Rate Treasury Fund, which added 13,250,000 units, or a 23.6% increase week over week.
This week, vaccine advisors for the FDA voted affirmatively for an emergency approval for the use of Pfizer’s COVID-19 vaccine in children ages 5–11, a vote of 17-0 with one abstaining, reported CNN. The vaccine from Pfizer and BioNTech is a third of the dose given to adults and children over 12 and has a [...] Read more at ETFtrends.com.
Futures may be the hot new thing in the crypto ETF space, but investors interested in the sector would be wise to look at funds like the Bitwise Crypto Industry Innovators ETF (BITQ) for purer plays. The futures-based ETFs are exciting and appealing for a number of reasons. The Proshares Bitcoin Strategy ETF (BITO) was the [...] Read more at ETFtrends.com.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P— Homebuilders ETF (Symbol: XHB) where we have detected an approximate $210.5 million dollar inflow -- that's a 11.7% incre
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) where we have detected an approximate $283.2 million dollar inflow -- that's a 4.6% increase
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ARK Genomic Revolution ETF (Symbol: ARKG) where we have detected an approximate $145.8 million dollar inflow -- that's a 2.0% increase week over wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Small-Cap ETF (Symbol: IJR) where we have detected an approximate $169.8 million dollar inflow -- that's a 0.2% increase week o
By: BCM Investment Team The Markit Manufacturing PMI came in slightly below expectations in October at 59.2, easing a bit from September’s high but still demonstrating robust growth. Price pressures, both input and output, remain near extremes as supply bottlenecks persist, and prices are climbing in the Services sector as well. Despite this creeping economic [...] Read more at ETFtrends.com.
The energy sector is broken down into the upstream, midstream, and downstream segments, providing investors a chance to invest in targeted segments of the crude oil industry. The upstream energy segment refers to the exploration and production of crude oil and natural gas. For example, geologic surveys and any information used to find mineral deposits [...] Read more at ETFtrends.com.
By Dan Suzuki, CFA, Deputy Chief Investment Officer Which bubble camp are you in? Back in June, we put out a piece making the case for why we think our criteria for financial bubbles have now been met in long duration assets like technology, innovation, disruption, and cryptocurrencies. We heard two types of responses: “duh” and “you [...] Read more at ETFtrends.com.
By Andrew Poreda, Vice President & ESG Senior Research Analyst The Europeans are in quite the energy bind, as calmer winds and the shortage of natural gas (where prices have risen over 400% the past year) have many forecasting a challenging winter ahead. The European Net Zero dream has hinged on renewables to save the [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds rose on Thursday as investors remained focused on the upbeat earnings season. The Invesco S&P 500 Equal Weight ETF (RSP), which follows the S&P 500 Equal Weight Index (EWI), gained 1.0% on Thursday. Meanwhile, the S&P 500 was up 0.9%, the Dow Jones Industrial Average was 0.7% higher, [...] Read more at ETFtrends.com.
Microsoft announced earnings on Tuesday that beat expectations, reporting a revenue that was a 22% growth year-over-year and the fastest the company has grown since 2018, reported CNBC. The company reported $45.32 billion in revenue compared to an expected $43.87 billion by analysts, and was buoyed by its Intelligent Cloud sector. The earnings equate to [...] Read more at ETFtrends.com.
The post-pandemic financial boom of the 1920s was epic. Cars, radios and telephones became widespread, and the major market indexes were stuffed with the tech and consumer leaders of the day – from American Telephone and Telegraph to Westinghouse Electric. Brokerage houses
Microsoft president and vice chair Brad Smith announced in Microsoft’s official blog that the company would be working with community colleges to teach and train 250,000 people to join the cybersecurity workforce by 2025. Some will move on to work with Microsoft, but the goal is to boost the entire industry, which is facing a [...] Read more at ETFtrends.com.
Financial advisors who are looking for an edge can consider several unique approaches for these unprecedented markets. In the recent webcast, Why Sector and Factor Rotation May Solve Today’s Market Puzzle, Matthew Bartolini, head of SPDR® Americas research at State Street Global Advisors, noted the benefits of sector-specific exchange traded funds that have helped investors [...] Read more at ETFtrends.com.
The 2021 United Nations Climate Change Conference, coined COP26, begins Sunday, October 31st and runs until November 12th in Glasgow, Scotland. The summit was originally meant to take place last year, but the COVID-19 pandemic caused delays. The global climate summit meets every five years and was enacted after the 2015 Paris Agreement, an agreement [...] Read more at ETFtrends.com.
Pullbacks are inevitable after reaching highs, which makes for auspicious timing for the introduction of a bearish bitcoin futures ETF product by Direxion. After reaching a high of over $66,000, bitcoin eventually came back down to earth, falling about 11% over the last five days. The price was boosted by the introduction of the first [...] Read more at ETFtrends.com.