In recent trading, shares of Associated Banc-Corp (Symbol: ASB) have crossed above the average analyst 12-month target price of $22.11, changing hands for $22.17/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on
Upstream integrated energy companies aren’t often viewed as nimble. However, many midstream counterparts, including some members of the ALPS Alerian MLP ETF (NYSEArca: AMLP), are adapting with the times. With the domestic energy landscape rapidly evolving and a White House focused on renewable energy adoption, the era of large-scale pipeline projects may be gone. Other [...] Read more at ETFtrends.com.
Cryptocurrency continues to be a popular point of discussion in the ETF world. Joining the “ETF Report” with hosts Alexis Christoforous and Kristin Myerson Yahoo Finance, ETF Trends’ CIO and Director of Research, Dave Nadig, discusses what investors are doing as they wait to be more involved in such a popular space that still has [...] Read more at ETFtrends.com.
Stocks have continued to advance through the first few months of 2021. Market valuation rose to an extreme, in line with 2000 and among the highest ever. This could portend a sharp sell-off with any negative catalyst going forward. In the upcoming webcast, Beware the Bubble: Investing in an Overvalued Market, Frank Donovan, Vice President, [...] Read more at ETFtrends.com.
The semiconductor space is witnessing growing demand with increasing digitization and heavy dependency on the Internet amid the coronavirus crisis. Notably, expanding automotive sales are also driving semiconductor demand on the rising utilization of chips in electronic c
The Group of Seven has pledged to raise contributions to $100 billion per year among rich, developed countries to aid their poorer world neighbors reduce carbon emissions and better-deal with global warming. The world’s seven largest advanced economies, also known as the G-7, plan to raise infrastructure funding in developing countries and shift to renewable [...] Read more at ETFtrends.com.
Despite climbing wages and increased job openings, unemployment in the U.S. remains high, leaving many business searching for ways to fill the gap. More companies are turning to technology to try and meet productivity demands from a reduced workforce, reports the Wall Street Journal. A Top-down, By the Numbers Look at the Current Job Market [...] Read more at ETFtrends.com.
Allocating to the private markets can enhance returns, lower volatility, and achieve diversification outside of the public markets. In the recent webcast, Inviting You Inside the Private Markets: Invest Alongside the World’s Largest Institutions, Neil Menard, President of Distribution, Conversus, explained that Conversus is a private wealth management business of StepStone Group that leverages StepStone’s [...] Read more at ETFtrends.com.
Tourism is rising on a global scale, making way for leisure and entertainment spending, which should help boost the Invesco Dynamic Leisure and Entertainment ETF (PEJ). China is already seeing its tourism activity rise as the continued move toward vaccination is helping to ease fears of rising Covid-19 cases. “China saw more than 89 million [...] Read more at ETFtrends.com.
Some broad market benchmarks may not be as diverse as investors are led to believe. Take the case of the S&P 500 where six stocks – Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), Facebook (NASDAQ: FB) and two share classes of Alphabet (NASDAQ: GOOG) combine for over 21% of the index’s weight. That [...] Read more at ETFtrends.com.
We previously explored corporations’ bitcoin purchases and the investment management industry’s participation as two sources of growing institutional demand driving bitcoin’s past rally. Here, we consider a third source of demand—the public’s increasing acceptance of bitcoin as payment. Invented as peer-to-peer electronic cash, bitcoin aims to function as a global decentralized digital currency. Its creators envisioned an efficient and transparent financial [...] Read more at ETFtrends.com.
On Tuesday, Barclays Bank PLC announced the launch of the Pacer® iPath® Gold Trendpilot ETNs (PBUG). The ETNs will track the performance of the Pacer Barclays Gold Trendpilot Total Return Index. “At Pacer Financial, we are pleased to extend our relationship with Barclays by adding a second ETN that tracks gold,” says Sean O’Hara, President at Pacer Financial. [...] Read more at ETFtrends.com.
The environmental, social and governance (ESG) investing category continues to remain one of the most popular arenas among investors. In fact, BlackRock’s head of iShares Americas, Armando Senra, said that the ESG investments might reach the $1-trillion category by 2030
The VanEck Vectors Video Gaming and eSports ETF (NASDAQ: ESPO) is higher by just 3.30% year-to-date, but investors should examine the video game exchange traded fund’s potential on a deeper level. That evaluation may reveal that ESPO’s 11.34% decline from its 52-week peak is an opportunity to buy on the dip. Some of the fund’s [...] Read more at ETFtrends.com.
Environmental, social, and governance (ESG) investing is gaining considerable momentum, and issuers of exchange traded funds are meeting surging demand with a steady stream of new supply. An expanding roster of ESG choices is beneficial for investors because it keeps issuers inventive and competitive on fees. For advisors, however, the dizzying array of ESG products [...] Read more at ETFtrends.com.
On Tuesday, First Trust Advisors L.P., a leading exchange traded fund provider and asset manager, announced the launch of the First Trust Expanded Technology ETF (NYSE Arca: XPND). The fund seeks to provide long-term capital appreciation by investing at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks of companies [...] Read more at ETFtrends.com.
Last week, the Food & Drug Administration (FDA) approved Biogen’s Aducanumab, a potentially revolutionary Alzheimer’s treatment. While the approval represents one of the first landmarks in the quest to improve outcomes for Alzheimer’s patients, the news wasn’t without controversy. In the wake of the FDA’s decision, three of the nine advisors on the Peripheral and [...] Read more at ETFtrends.com.
By Solomon G. Teller, CFA, Chief Investment Strategist, Green Harvest Asset Management I read quite a few investment blogs. One recurring theme this past year has been the importance of separating the “actual” from the “normative.” Far too often, politics, biases and/or expectations get in the way of investors’ ability to clearly see what is happening [...] Read more at ETFtrends.com.
The SuperDividend REIT ETF is seeing unusually high volume in afternoon trading Tuesday, with over 1.0 million shares traded versus three month average volume of about 407,000. Shares of SRET were down about 1.2% on the day.
In trading on Tuesday, the iShares U.S. Energy ETF is outperforming other ETFs, up about 1.1% on the day. Components of that ETF showing particular strength include shares of Exxon Mobil, up about 2.6% and shares of Diamondback Energy, up about 2.3% on the day.