Investors well-versed in the renewable energy and clean technology concepts know that smart grid technologies aren’t just vital, but also ripe with investment potential. Still, the smart grid concept may be too narrowly focused for many investors. An effective way of combating that is with diversified renewable energy exchange traded funds, such as the ALPS Clean [...] Read more at ETFtrends.com.
In trading on Tuesday, shares of the The Health Care Select Sector SPDR— Fund ETF (Symbol: XLV) entered into oversold territory, changing hands as low as $127.43 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analy
In trading on Tuesday, shares of the iShares U.S. Healthcare ETF (Symbol: IYH) entered into oversold territory, changing hands as low as $276.13 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to m
Aberdeen is building on its range of commodities ETFs with the launch of a new fund that will track an index of industrial metal prices. The abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) will seek to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Industrial Metals Total [...] Read more at ETFtrends.com.
Bitcoin rallied near $44,000 Monday morning after a rocky week, which ended with the People’s Bank of China issuing a statement announcing it has banned crypto transactions. Bitcoin fell over 10% last Monday during a broader market sell-off largely driven by concerns about contagion from debt-bloated Chinese developer Evergrande. After briefly trading just above $40k [...] Read more at ETFtrends.com.
Chief finance officers of more than 60 international companies have linked roughly half of their companies’ financing to environmental, social, and governance (ESG) goals. All are part of a UN task force pledged to tie half of all financing to ESG targets by 2025, reports the Wall Street Journal. The companies, including Verizon Communications Inc, [...] Read more at ETFtrends.com.
Value stocks and related exchange traded funds outperformed on Monday as investors ditched technology names and turned to more sensitive sectors that could benefit from the improving economy. “What we’re seeing is a change in the season, and it’s shifting to some of the more cyclical areas of the market,” Robert Pavlik, senior portfolio manager [...] Read more at ETFtrends.com.
The crypto market had a rocky week last week. Cryptocurrencies and crypto-related stocks plummeted last Monday amid fears about massively indebted Chinese development giant Evergrande’s potential implosion, the U.S. Federal Reserve beginning to taper off economic stimulus, concerns about the ever-present COVID-19 Delta variant, and the looming threat of crypto regulation. The market began to [...] Read more at ETFtrends.com.
In trading on Monday, shares of the AMT-Free Intermediate Municipal Index ETF (Symbol: ITM) entered into oversold territory, changing hands as low as $51.49 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicat
Exchange traded fund investors should, like the Oakland Athletics, focus on the numbers to avoid strikeouts in today’s market. “The ‘mother of all risks’ [is] the risk caused by human behavior, but to be clear we are not talking about behavioral economics. That is a completely different subject altogether. We are talking about a risk [...] Read more at ETFtrends.com.
On this week’s episode of CNBC’s “ETF Edge,” host Bob Pisani wants to discuss how the tax wars have made their way over to ETFs. ETF Trends’ CEO, Tom Lydon, is on hand to go over the potential impacts of Senate Finance Committee Chairmen Ron Wyden’s new tax on ETFs’ bill pay. Also featured in [...] Read more at ETFtrends.com.
Climate-driven agendas are increasingly common for institutional investors, including endowments and pension plans. In fact, these investors aren’t just talking the climate-aware talk. They’re walking the proverbial walk. A substantial part of that action includes providing financial resources for climate-related projects, and elevated funding for clean projects could stir renewed interest in exchange traded funds [...] Read more at ETFtrends.com.
Financial markets are conducive to acronyms. FANG, FAANG, and FAAMG prove as much. As WisdomTree analyst Matt Wagner points out, there’s another acronym gaining some attention: FANAMA. That refers to Facebook, Amazon, Netflix, Alphabet, Microsoft, and Apple. Those are growth stocks with stellar long-term track records, though the group has lagged broader markets since cyclical [...] Read more at ETFtrends.com.
Bitcoin and Bitcoin futures might end up benefitting in the long term from the People’s Bank of China moving to outlaw all cryptocurrency transactions. “This is great news for bitcoin, the last thing we want is China [to be]involved in a currency of the world,” Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, [...] Read more at ETFtrends.com.
Some analysts believe that the influx of money into passive funds has created an environment of inflated valuations that has reshaped the stock market, according to Financial Times. The extreme volume of flows has worked to create higher valuations that aren’t reflective of a company’s fundamentals, argues Vincent Deluard, global macro strategist at brokerage StoneX. [...] Read more at ETFtrends.com.
The COVID-19 pandemic caused widespread economic shutdown beginning last year as millions of people were forced to work from home. Out of the isolation came big boosts in pet ownership and adoption globally as loneliness had people seeking the comfort of animals in the midst of lockdowns, reported Research and Markets. Globally, the pet care [...] Read more at ETFtrends.com.
After a lull in 2020 forced by the coronavirus pandemic, share repurchase activity among S&P 500 member firms is rebounding in significant fashion, and that could prove efficacious for buyback exchange traded funds, namely the Invesco BuyBack Achievers ETF (NASDAQ: PKW). PKW, which tracks the NASDAQ US BuyBack Achievers™ Index, is up an impressive 26.53% [...] Read more at ETFtrends.com.
Climate change and energy transition are front and center as the GPA Midstream Association celebrates its 100th anniversary in San Antonio this week. Established in 1921, the GPA Midstream Association has over 60 member companies in the U.S. and has played a large part in shaping the midstream sector through promotion of safety practices, test [...] Read more at ETFtrends.com.
In trading on Monday, shares of the First Trust Nasdaq Transportation ETF (Symbol: FTXR) crossed above their 200 day moving average of $31.86, changing hands as high as $32.05 per share. First Trust Nasdaq Transportation shares are currently trading up about 1% on the day. Th
In trading on Monday, shares of the Oil Services ETF (Symbol: OIH) crossed above their 200 day moving average of $192.87, changing hands as high as $202.52 per share. Oil Services shares are currently trading up about 5.8% on the day. The chart below shows the one year perfor