The Securities and Exchange Commission is starting to scrutinize whether or not companies are properly disclosing their involvement in environmental, social, and governance issues. SEC Chairman Gary Gensler wants to charge companies who aren’t properly handling ESG disclosures, such as issues regarding “conflict minerals,” or whether companies import raw materials from countries that use the [...] Read more at ETFtrends.com.
The Walt Disney Company DIS reported decent second-quarter fiscal 2021 results on May 13. Earnings beat the Zacks Consensus Estimate and rose year over year. However, hurt by the coronavirus crisis, revenues missed the consensus estimate and declined year over year. Shares of Di
The dollar took a step back as a result of weaker-than-expected retail sales data last week, propping up leveraged gold miner funds and the Direxion Daily Jr Gold Miners Bull 3X ETF (JNUG) and the Direxion Daily Gold Miners Bull 3X ETF (NUGT). “Gold prices continued to rally as the dollar eased in the wake of [...] Read more at ETFtrends.com.
In trading on Monday, shares of the Junior Gold Miners ETF (Symbol: GDXJ) crossed above their 200 day moving average of $52.90, changing hands as high as $54.36 per share. Junior Gold Miners shares are currently trading up about 5.3% on the day. The chart below shows the one
With the deployment of a vaccine and some businesses easing off on restrictions, investors can play the re-opening with the Invesco Dynamic Leisure and Entertainment ETF (PEJ). An injection of stimulus dollars is helping to fund more discretionary income for leisure and entertainment activities. The fund is up 10% for the year and 72% the [...] Read more at ETFtrends.com.
As U.S. markets tumbled again on signs of inflationary pressures, investors worried about continued volatility can consider a targeted ETF strategy. Investors are refocused on the recent spike in inflation and whether or not rising consumer prices will stick around. Many are worried that the prolonged period of faster growth in prices could push the [...] Read more at ETFtrends.com.
By David Dziekanski, Portfolio Manager and Michael Venuto, CIO, Toroso Asset Management Embrace the Chaos The results of fiscal policy are starting to come through the economist statistics, and they appear to be very strong. We are going to get some sort of infrastructure bill, and likely a less than anticipated tax increase. Now that [...] Read more at ETFtrends.com.
Proving the potency of the small cap value combination, the Invesco S&P SmallCap 600 Pure Value ETF (RZV) is up over 41% year-to-date. That’s a big gain in a short amount of time, but it doesn’t imply RZV’s upside from here is limited. In fact, there are reasons to believe to that the current value [...] Read more at ETFtrends.com.
As sustainable investing evolves and grows, so are the concepts that credibly wear the “sustainability” tag. It may surprise some investors to learn that the expansion includes assets like the ARK Fintech Innovation ETF (NYSEARCA: ARKF). Sustainability is often viewed through the lens of environmental awareness and related investments and, to a lesser extent, concepts [...] Read more at ETFtrends.com.
Stocks and index ETFs started the week with losses, as the technology sector drove the major benchmarks lower under Monday, adding to the downside pressure from the prior week’s higher-than-expected inflation readings. The Dow Jones Industrial Average and the S&P 500 fell 0.6% apiece, while as the tech sector pulled back 0.7%. The Nasdaq Composite continued [...] Read more at ETFtrends.com.
The disruptive growth label, a group often seen as the next generation of innovators, is struggling. On the upside, past economic cycles confirm that investment factors themselves move in and out of style, meaning it’s likely that growth’s laggard status is temporary. Advisors can position for a disruptive resurgence with the WisdomTree Disruptive Growth Model [...] Read more at ETFtrends.com.
Wall Street was downbeat last week with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 losing about 1.4%, 1.1%, 2.3% and 2.1%, respectively. Downbeat economic datapoints for jobs, manufacturing data and retail sales weighed on investors’ sentiments
The Invesco Dynamic Media ETF is seeing unusually high volume in afternoon trading Monday, with over 390,000 shares traded versus three month average volume of about 28,000. Shares of PBS were off about 1.1% on the day.
In trading on Monday, the Silver Miners ETF is outperforming other ETFs, up about 4.5% on the day. Components of that ETF showing particular strength include shares of Hecla Mining, up about 13.6% and shares of Endeavour Silver, up about 9.6% on the day.
The cyber attack on the Colonial Pipeline is re-emphasizing the need for greater cybersecurity, which should prop up assets like the Global X Cybersecurity ETF (BUG). “The ransomware attack on Colonial Pipeline on May 7, 2021, exemplifies the huge challenges the U.S. faces in shoring up its cyber defenses,” a Sci Tech Daily article explained. [...] Read more at ETFtrends.com.
The first-quarter earnings season has effectively come to an end for most of the sectors, save retail, nearly 33% of which is still to report. Total earnings for the companies that have reported so far are up 62.3% on 15.8% revenue growth, with 90% beating EPS estimates and 80% b
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Gold Miners ETF, where 6,150,000 units were destroyed, or a 1.5% decrease week over week. Among the largest underlying components of GDX,
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR Portfolio S&P 500 Value ETF, which added 13,550,000 units, or a 4.5% increase week over week. Among the largest underlying components of
In recent trading, shares of Retail Properties of America Inc (Symbol: RPAI) have crossed above the average analyst 12-month target price of $11.70, changing hands for $11.76/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react:
In recent trading, shares of Bloomin' Brands Inc (Symbol: BLMN) have crossed above the average analyst 12-month target price of $28.83, changing hands for $29.22/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on