In recent trading, shares of Edwards Lifesciences Corp (Symbol: EW) have crossed above the average analyst 12-month target price of $99.88, changing hands for $99.94/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
In recent trading, shares of Plains All American Pipeline LP (Symbol: PAA) have crossed above the average analyst 12-month target price of $12.09, changing hands for $12.11/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: do
With investors increasingly putting their resources in companies that focus on ESG, the mining industry has been undergoing a shift to more environmentally friendly practices, according to a new report from the Wall Street Journal. Gold mining companies hope to learn the lessons from the failures of fossil fuel producers, who face steep capital loss [...] Read more at ETFtrends.com.
Talks of rising U.S. inflation have been all over the markets in recent weeks. the annual inflation rate has accelerated to a higher-than-expected 5.0% in May.Excluding volatile food and energy prices, the "core" consumer price index (CPI) rose 3.8% year over year, withou
Investors seeking momentum may have Global X SuperDividend U.S. ETF DIV on radar now. The fund recently hit a new 52-week high. Shares of DIV are up approximately 43.3% from their 52-week low of $14.35/share.
One of the challenges with investing overseas is the susceptibility of the local currency of international markets, warranting a dollar-hedging component with exchange traded funds (ETFs) like the IQ 50 Percent Hedged FTSE International ETF (HFXI). The prevailing sentiment in the capital markets is that an improving economy will eventually cause the U.S. Federal Reserve [...] Read more at ETFtrends.com.
ETF Trends CEO Tom Lydon discussed the Virtus Terranova U.S. Quality Momentum ETF (JOET) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. JOET strives to deliver exposure to U.S.-listed large-cap companies that combine strong quality fundamentals with positive momentum technical trends. The Fund seeks investment results that correspond, before [...] Read more at ETFtrends.com.
Moderna MRNA, the first company to initiate human clinical trials of its coronavirus vaccine candidate in the United States is once again in the spotlight with an impressive update on its COVID-19 vaccine (mRNA-1273). The company recently informed that it submitted applic
On Thursday, Direxion launched the Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and the Direxion Daily 5G Communications Bull 2X Shares (TENG). The Funds seek to achieve 200% of the daily performance of the BlueStar® Travel and the Vacation Index and BlueStar® 5G Communications Index, respectively. The BlueStar® Travel and Vacation Index provides exposure to global [...] Read more at ETFtrends.com.
It’s been easy being a “capital preservation” investor for a long time. One simply had to invest in income-producing investments and ride the trend of falling long-term interest rates. Investors could get income AND total return with relatively low volatility. What could be better? However, the trend in long-term interest rates might be changing and, [...] Read more at ETFtrends.com.
While there have been rumblings about inflation fears, with consumer prices spiking to a record in May, investment demand for Treasuries and related exchange traded funds remains robust. Despite data on Thursday that showed U.S. consumer prices rose in May to a 13 year high, yields on 10-year bonds slipped back toward recent lows amid [...] Read more at ETFtrends.com.
The world’s largest economy is gradually gaining control over the coronavirus outbreak with the help of accelerated vaccine distribution. However, the euphoria surrounding the reopening of the U.S. economy and expectations of a faster economic recovery are weakened by w
U.S. markets pushed higher Thursday with the growth style and related exchange traded funds taking charge despite data that revealed a surge in consumer prices and a recovery in the labor market. The Labor Department announced that consumer prices rose 5% in May year-over-year, the highest annual inflation rate in nearly 13 years, the Wall [...] Read more at ETFtrends.com.
Exchange traded fund investors should consider the role commodities can play in a well-balanced investment portfolio. In the recent webcast, Commodities: Disrupted Demand, Disrupted Supply, Continued Opportunities, Robert Minter, Director of ETF Investment Strategy, Aberdeen Standard Investments; and Stan Kiang, Director of Strategic Accounts, Aberdeen Standard Investments, argued that while commodities have always rounded out [...] Read more at ETFtrends.com.
Business intelligence company MicroStrategy, Inc (MSTR) has begun buying Bitcoin using the proceeds from sales of junk bonds, reported Bloomberg Tuesday. MicroStrategy had initially planned to issue $400 million in junk bonds, but after initial demand had already matched that at launch on Monday, the company increased its offering to $500 million. The bonds were [...] Read more at ETFtrends.com.
While investing in international equities comes with inherent risks, exchange traded fund (ETF) investors can sleep easier with the FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD). “Investing in low volatility international stocks is often used as a defensive strategy by investors who want to participate in some of the market’s growth while [...] Read more at ETFtrends.com.
By now, many investors know that value has been the king of investment factors this year. Up 32.25% year-to-date, the Invesco S&P 500® Pure Value ETF (RPV) proves as much. Some investors currently mulling value exposure may be concerned about two things. First, how much more upside is available after an exchange traded funds jumps [...] Read more at ETFtrends.com.
Pacer ETFs, an ETF provider that offers strategy-driven, rules-based ETFs, is celebrating crossing the $7 billion mark in assets under management, as well as the firm’s six-year anniversary. Since Pacer’s inception with the flagship Trendpilot strategy in 2015, the firm has grown its offerings to 36 unique, exchange traded funds while also expanding to 92 [...] Read more at ETFtrends.com.
On Thursday, as digital connectivity expands across the globe and transforms how society interacts with technology, BlackRock announced the launch of the iShares Cloud and 5G Multisector ETF (NYSE: IDAT). IDAT seeks to track the investment results of the Morningstar® Global Digital Infrastructure & Connectivity Index. Morningstar’s forward-looking index uses fundamental Morningstar research to assess [...] Read more at ETFtrends.com.