PNC Financial Services Group (Symbol: PNC) has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $9.46B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 2.43% yield, according to the most recent Dividend Ch
Social media giant Facebook beat earnings and revenue expectations during the first quarter of 2021, which should help give the Global X Social Media ETF (SOCL) a lift. Facebook, which comprises about 12% of SOCL’s net assets, ousted Wall Street’s expectations in earnings and revenue. The social media company missed out slightly on daily active users [...] Read more at ETFtrends.com.
The latest U.S. consumer confidence data looks encouraging as the metric has risen for the second consecutive month in April. Markedly, the metric had hit a one-year high in March. The Conference Board's measure of consumer confidence index stands at 121.7 for April comparing fav
ETF Trends CEO Tom Lydon discussed the Direxion Auspice Broad Commodity Strategy ETF (COM) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. COM seeks to provide total returns that exceed the Auspice Broad Commodity Index over a complete market cycle. COM is actively managed. The Auspice Broad Commodity Index is a [...] Read more at ETFtrends.com.
Communication services exchange traded funds were among the standout performers on Thursday after Facebook (NasdaqGS: FB) crushed its quarterly earnings expectations. Among the best performing non-leveraged ETFs of Thursday, the Communication Services Select Sector SPDR Fund (XLC) increased 2.8%. Meanwhile, Facebook shares jumped 7.3% on Thursday. FB makes up 22.0% of XLC’s underlying portfolio. Facebook [...] Read more at ETFtrends.com.
Google-parent Alphabet GOOGL recently reported first-quarter 2021 results, with earnings and revenues topping estimates and increasing on a year-over-year basis. Notably, Alphabet’s share price has surged about 3% since posting the impressive earnings results on Apr 27.
Tesla reported its first quarter earnings Monday afternoon to a mixed reaction on Wall Street. While Q1 revenue was up 74% over the same time period last year, according to the Wall Street Journal, investors seemed a little less certain as they began digging into the numbers. Production goals fell short of Wall Street expectations, according [...] Read more at ETFtrends.com.
On Thursday, Charles Schwab Investment Management, Inc. (CSIM) announced that the Schwab International Dividend Equity ETF (SCHY) is expected to begin trading on or around April 29, 2021. With an operating expense ratio (OER) of 0.14%, the fund will be among the lowest cost ETFs providing exposure to international dividend equity securities. The investment seeks [...] Read more at ETFtrends.com.
Investors looking for reasons why gold is slumping to start 2021 need not look much further than rising 10-year Treasury yields. Yields on benchmark U.S. government debt are on a torrid pace dating back to last year, and that’s pinching bullion, which is historically inversely correlated to interest rates. Good news: rising rates don’t have to [...] Read more at ETFtrends.com.
The iShares U.S. Broker-Dealers & Securities Exchanges ETF is seeing unusually high volume in afternoon trading Thursday, with over 638,000 shares traded versus three month average volume of about 71,000. Shares of IAI were up about 0.4% on the day.
It’s been a rough go for China’s technology sector as Beijing ups regulatory scrutiny on Alibaba (NYSE: BABA) and others, but those headwinds could ultimately prove to be a buying opportunity for prescient investors. The Global X MSCI China Information Technology ETF (CHIK) is an avenue for playing a rebound in Chinese tech stocks. CHIK [...] Read more at ETFtrends.com.
Among the marquee longer-ranging issues for renewable energy assets like the ALPS Clean Energy ETF (ACES) are declining costs and economic competitiveness. The first box is being checked, leading to increasing adoption. The second appears poised to get its own check mark, and that could be significant for patient investors. “Prices for wind and solar have collapsed in the [...] Read more at ETFtrends.com.
Crude oil and crude ETFs are broadening gains from the prior session on Thursday, as bullish projections of recovering demand, robust U.S. economic data, and a weak dollar mitigate concerns about the surge in coronavirus cases in Brazil, India, and Japan. Foreign benchmark Brent crude climbed $1.30, or 1.9%, to hit $68.57 a barrel earlier [...] Read more at ETFtrends.com.
With record margins and healthy cash flow in 2020, the mining sector is in position for a strong Q1 earnings season, says Douglas Groh, co-manager of Sprott’s Gold Equity Fund. “It’s the best market I have ever seen for the mining sector,” he said in an interview with Kitco News. “Companies are in great shape [...] Read more at ETFtrends.com.
With another year come and gone (in the case of 2020: hoorah!) and a new president inaugurated, 2021 leapt off the starting blocks with both a rising stock market and interest rates shooting higher. In response, assets flowed to equity and bond funds alike.
During an earning season, every investor looks for stocks that can beat market expectation. This is because investors always try to tap stocks that are of high quality in nature. Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they mis
The S&P 500 scored a fresh intra-day record on Thursday, helping to drive stock ETFs higher, after blowout earnings from Apple and Facebook. After the initial move upward, the benchmark index has since plummeted lower in morning trading. Major stock ETFs are mixed on Thursday, following the earnings reports. The SPDR Dow Jones Industrial Average ETF [...] Read more at ETFtrends.com.
Value is getting plenty of adulation this year, but combing through it with the quality factor can be potent. One avenue for doing that is the FlexShares Quality Dividend Defensive Index Fund (NYSEArca: QDEF). QDEF’s underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess greater financial strength and stability [...] Read more at ETFtrends.com.
Bitcoin adoption is an evolving conversation and while general adoption of cryptocurrencies is low today, the low base indicates there’s plenty of growth ahead. One way to bolster Bitcoin’s mainstream credibility is for it to become a more readily accepted form of payment for everyday events, tasks, and leisure activities, such as dining out. In [...] Read more at ETFtrends.com.