Here is a look at Canterbury’s latest risk-adjusted sector rankings, along with their 1-month change in rank. Notice that the energy sector has gone from being ranked the worst sector on a risk-adjusted basis, to being the highest ranked sector. That rise in rank among the S&P 500 sectors probably correlates with the rise in [...] Read more at ETFtrends.com.
With the launch of the first cryptocurrency-related ETF, which invests in bitcoin futures and has boosted interest in cryptocurrencies and the potential of crypto investments, the Amplify Transformational Data Sharing ETF (BLOK) continues to harness the growth that the industry is experiencing. Bitcoin has hit new highs as of today, flirting close to $66,900 and [...] Read more at ETFtrends.com.
A cryptocurrency backed by the central bank could be circulating in France’s monetary system before the country hosts the Olympic games in 2024. As leading cryptocurrency bitcoin continues past the $60,000 price level and a bitcoin futures ETF debuts in the markets, France has to be watching with eyes wide open. The country implemented a [...] Read more at ETFtrends.com.
On Wednesday, ETF Managers Group LLC (ETFMG®), a leading exchange traded fund issuer, announced that the ETFMG Real Estate Tech ETF (NYSE Arca: HHH) will begin trading on the New York Stock Exchange. HHH is the world’s first ETF designed to give pure-play exposure to global technology companies that digitally transform the real estate industry [...] Read more at ETFtrends.com.
Earnings season is back in full swing after a volatile quarter, and it could get even more volatile, especially for technology companies, which is a good thing for traders. If big tech can pull a rabbit out of its hat given headwinds like the semiconductor shortage, it would be a boon to bullish tech traders. [...] Read more at ETFtrends.com.
As many investors know well by now, bank stocks and the related exchange traded funds are proving to be stellar trades this year. For example, the Invesco KBW Bank ETF (NASDAQ: KBWB) is up nearly 42% year-to-date and hit near-record highs on Oct. 19. For KBWB, which tracks the KBW Nasdaq Bank Index, this move [...] Read more at ETFtrends.com.
Interest rates are low. Credit spreads are tight. Inflation is the highest it’s been in years. Add all that up, and it appears to be a toxic brew for bonds and fixed income exchange traded funds. Indeed, this is a challenging fixed income environment, but it’s also a time for bond ETFs to prove their [...] Read more at ETFtrends.com.
While many shoppers view e-commerce as a mainstay of the retail industry, and it is, the truth is that it’s still in the early innings. However, online retail isn’t so young as to prevent new, innovative derivatives from emerging. That’s happening today with the emergence of social commerce. Among the various internet and retail exchange [...] Read more at ETFtrends.com.
Large-cap funds focusing on sustainability performed admirably in the third quarter, and while the Goldman Sachs Future Planet Equity ETF (GSFP) wasn’t around for all of the third quarter — it debuted July 13 — its peers’ performance could be a sign that the new exchange traded fund is on its way to success. A perk offered [...] Read more at ETFtrends.com.
Monday saw the Chicago Mercantile Exchange amend the position limits for bitcoin futures, options on bitcoin futures, and micro bitcoin futures. Position limits are predetermined levels of ownerships that prevent investors from using ownership control over a market and prices. The previous spot-month limit for bitcoin futures, options on bitcoin futures, and micro bitcoin futures [...] Read more at ETFtrends.com.
Cybersecurity investing is back in the spotlight in significant fashion, reminding investors that this segment provides credible industry-level and thematic exposure. For investors that don’t want to stock pick in this group, exchange traded funds, such as the First Trust Nasdaq Cybersecurity ETF (CIBR), are worthy considerations. CIBR, which tracks the Nasdaq CTA Cybersecurity Index, more [...] Read more at ETFtrends.com.
Investors doing enough research about equal-weight exchange traded funds, including the Invesco S&P 500® Equal Weight ETF (RSP), will certainly come across the word “diversification” or a synonym. It makes sense because diversification is one of the primary benefits offered by equal-weight ETFs relative to their cap-weighted rivals. However, it’s not a word that should [...] Read more at ETFtrends.com.
The ProShares Bitcoin Strategy ETF (BITO), the first exchange traded fund focused solely on a cryptocurrency instead of broader crypto exposure, hit $1 billion in trading volume in the after hours of its first day of trading. Within the first twenty minutes of its launch, the bitcoin futures ETF had already surpassed $280 million in [...] Read more at ETFtrends.com.
In recent trading, shares of Wells Fargo & Co (Symbol: WFC) have crossed above the average analyst 12-month target price of $49.55, changing hands for $50.34/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 Cerevel Therapeutics Holdings Inc (Symbol: CERE) have crossed above the average analyst 12-month target price of $36.33, changing hands for $36.91/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react:
In recent trading, shares of United Rentals Inc (Symbol: URI) have crossed above the average analyst 12-month target price of $352.27, changing hands for $353.44/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 Hilltop Holdings, Inc. (Symbol: HTH) have crossed above the average analyst 12-month target price of $33.75, changing hands for $34.04/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 ServiceNow Inc (Symbol: NOW) have crossed above the average analyst 12-month target price of $668.29, changing hands for $680.25/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valu
In recent trading, shares of HollyFrontier Corp (Symbol: HFC) have crossed above the average analyst 12-month target price of $37.25, changing hands for $37.53/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on va
In recent trading, shares of Amphenol Corp. (Symbol: APH) have crossed above the average analyst 12-month target price of $77.80, changing hands for $77.83/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuat