In recent trading, shares of CBRE Group Inc (Symbol: CBRE) have crossed above the average analyst 12-month target price of $86.00, changing hands for $87.18/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valua
Two of the biggest players in aerospace & defense, Boeing and Ratheon, have been on the path to recovery this year. If both can take flight, the Direxion Daily Aerospace & Defense 3X Shares ETF (DFEN) might just take off as well. “Global aerospace and defense (A&D) industry revenue is expected to begin to recover [...] Read more at ETFtrends.com.
The ARK Genomic Revolution Multi-Sector Fund (CBOE: ARKG) closed June on a strong note. It’s not difficult to explain why. Last weekend, ARKG components Intellia Therapeutics, Inc. (NASDAQ: NTLA) and Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) revealed encouraging results from an ongoing Phase I clinical trial for an in vivo genome editing therapy, prompting a massive [...] Read more at ETFtrends.com.
On Thursday, Gerber Kawasaki Wealth & Investment Management, a registered investment advisor (RIA) and a leading independent financial advisory firm, announced that the AdvisorShares Gerber Kawasaki ETF (GK) will begin trading July 2 and be listed on the New York Stock Exchange Arca, Inc. In contrast to many broad index ETFs, the actively managed fund [...] Read more at ETFtrends.com.
ETF Trends CEO Tom Lydon discussed the Davis Select Financial ETF (DFNL) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. DFNL is an actively managed portfolio of global financial sector stocks. The fund seeks long-term growth of capital. The financial sector has more room to run. The sector is [...] Read more at ETFtrends.com.
On Thursday, Innovator Capital Management, LLC, the Defined Outcome ETF™ pioneer, announced the launch of the latest four funds in the Accelerated ETFs™ suite – XDJL, XBJL, XTJL, QTJL – listing on Cboe. Innovator also announced the upside caps and return profiles for the July series of the Equity Buffer ETFs™, Defined Outcome Bond ETFs™, and Accelerated ETFs™, which reset at the end of the month. [...] Read more at ETFtrends.com.
On Thursday, Innovator Capital Management, LLC announced the launch of the Innovator Defined Wealth Shield ETF (BALT). Listing on the Cboe today, BALT will use options on SPY (SPDR S&P 500 ETF Trust) in seeking to provide exposure to the equity market to a cap while targeting a significant buffer against losses in SPY each calendar [...] Read more at ETFtrends.com.
U.S. Treasury bond-related exchange traded funds pulled back Thursday as yields rose in response to the lower weekly jobless claims ahead of the big June jobs report Friday, which could affect the Federal Reserve’s monetary policy outlook. On Thursday, the iShares 7-10 Year Treasury Bond ETF (IEF) fell 0.1% and the iShares 20+ Year Treasury [...] Read more at ETFtrends.com.
This week, ProShares filed for a crypto and blockchain ETF with the SEC. It joins more than a dozen filings for crypto and digital asset ETFs sitting before the SEC, and is one of a handful that seek to invest in the blockchain technology, as opposed to directly holding cryptocurrencies such as Bitcoin or ethereum. [...] Read more at ETFtrends.com.
In trading on Thursday, shares of the Invesco WilderHill Clean Energy ETF (Symbol: PBW) crossed below their 200 day moving average of $91.51, changing hands as low as $91.18 per share. Invesco WilderHill Clean Energy shares are currently trading off about 1.1% on the day. The
In trading on Thursday, shares of the ProShares Short S&P500 ETF (Symbol: SH) entered into oversold territory, changing hands as low as $15.305 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used t
Value stocks and related exchange traded funds led the equity market’s push higher Thursday after data revealed lower weekly jobless claims and a rally in the energy sector on rising crude oil prices. Reflecting an ongoing recovery in the economy, initial claims for state unemployment benefits dipped by 51,000 to a seasonally adjusted 364,000 for [...] Read more at ETFtrends.com.
The first half of 2021 has been impressive for investors. Wall Street witnessed strength in all three major indexes. In fact, the S&P 500 has registered its best first half since 2019. Going on, the broad index has also witnessed its fifth straight positive month in J
On Thursday, in response to growing client demand, American Century Investments, a $235 billion global asset manager, launched three additions to its active exchange traded funds (ETF) lineup. The American Century Sustainable Growth ETF (ESGY), the American Century Multisector Income ETF (MUSI), and the American Century Emerging Markets Bond ETF (AEMB) are all listed on the NYSE Arca exchange. [...] Read more at ETFtrends.com.
The latest U.S. consumer confidence data looks impressive as the metric has surged to its highest level in June in about 16 months. The Conference Board's measure of consumer confidence index stands at 127.3, comparing favorably with an upwardly revised reading to 120.0
Environmental, social, and governance (ESG) investing has been a worldwide phenomenon, a trend captured by the FlexShares STOXX Global ESG Impact Index Fund (ESGG). The fund literally puts the whole world in investors’ hands when it comes to getting global ESG exposure. Per the fund description, ESGG seeks investment results that correspond generally to the [...] Read more at ETFtrends.com.
Wall Street has impressed investors in the first half of 2021, with major indices like the S&P 500 rising 14.4%, while the Nasdaq Composite and the Dow Jones Industrial Average have each climbed more than 12%. Investors have shown immense optimism in the recovering U.
Earlier this month, T. Rowe Price (NASDAQ-GS: TROW) added to its lineup of actively managed exchange traded funds with the launch of the T. Rowe Price U.S. Equity Research ETF (TSPA). The fund could be a rookie ETF to get to know. TSPA’s strategy is straightforward. Its sector allocations and growth and value leanings are similar [...] Read more at ETFtrends.com.
In early June, Vanguard announced that the Vanguard Dividend Appreciation ETF (VIG), the largest dividend exchange traded fund by assets, is switching benchmarks, moving to the S&P U.S. Dividend Growers Index. Index changes aren’t uncommon in the world of ETFs. In the case of VIG, investors shouldn’t expect material alterations to this beloved approach to [...] Read more at ETFtrends.com.
For investors looking for momentum, iShares Morningstar U.S. Equity ETF ILCB isprobably a suitable pick. The fund just hit a 52-week high and is up 38.3% from its 52-week low price of $44.01/share.