Nasdaq ETFs

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 Waste Management, Inc. (Symbol: WM) have crossed above the average analyst 12-month target price of $123.91, changing hands for $124.10/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade

In recent trading, shares of Insulet Corp (Symbol: PODD) have crossed above the average analyst 12-month target price of $274.56, changing hands for $277.05/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valua

After rebounding strongly from the pandemic lows, the U.S. stock market continued to show strength on speedy economic recovery expectations backed by rapid COVID-19 vaccinations and unprecedented stimulus.The Fed’s latest comments are also driving the stocks higher as it has ra

Crude oil and energy sector-related exchange traded funds retreated Tuesday after a new wave of coronavirus infections triggered shutdown measures and slow vaccine rollouts in Europe weighed on the global growth outlook. Among the worst non-leveraged ETFs of Tuesday, the Invesco S&P SmallCap Energy ETF (NasdaqGM: PSCE) declined 6.7%, SPDR Oil & Gas Equipment & [...] Read more at ETFtrends.com.

Investors should focus on market megatrends and consider the thematic exchange traded fund approaches that are tailored to them. In the recent webcast, Dig Deep: The Market Megatrends You Cannot Afford to Miss, Jeffrey Spiegel, Director, US Head of iShares Megatrend and International ETFs, BlackRock, argued that megatrends are driving change. “Megatrends are the long-term, [...] Read more at ETFtrends.com.

Although there is significant optimism surrounding the coronavirus vaccine rollout, recent developments show that 21 states are actually experiencing an increase in infections, generating concern among researchers and government leaders. To that end, Pfizer announced Tuesday it has commenced an early stage clinical trial of an experimental oral antiviral drug for the coronavirus. The New [...] Read more at ETFtrends.com.

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

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

Biotechnology sector-related exchange traded funds could stumble in the near-term as increased regulatory scrutiny weighs on drugmakers. Among the hardest hit areas of Tuesday, the ALPS Medical Breakthroughs ETF (NYSEArca: SBIO) and SPDR S&P Biotech ETF (NYSEArca: XBI) both decreased 5.8% while the iShares Nasdaq Biotechnology ETF (IBB), the largest biotech-related ETF by assets, fell [...] Read more at ETFtrends.com.

In the crypto currency universe, Bitcoin reigns supreme, but decentralized finance (DeFi) currencies are coming on strong, proving crypto has expanse as an asset class. There’s more to the group than just Bitcoin and Ethereum. DeFi refers to the emerging category of digital, peer-to-peer financial services technologies that enable trading, loans, interest accounts, and more. Using [...] Read more at ETFtrends.com.

Despite a dovish Fed, the greenback has been steady in recent trading, with 2.6% year-to-date gain in Invesco DB US Dollar Index Bullish Fund UUP. The reason for this rally is the U.S. economy’s improved position amid vaccine distribution.

Semiconductors are among the most important technology products today. Assets like the iShares PHLX Semiconductor ETF (NasdaqGM: SOXX) are surging. One of the positive, long-ranging factors in favor of SOXX is rising data center demand. SOXX seeks to track the investment results of the PHLX Semiconductor Sector Index composed of U.S. equities in the semiconductor [...] Read more at ETFtrends.com.

The world of actively managed exchange traded funds continues luring some of the fund industry’s largest names. BNY Mellon Investment Management is the newest to throw its hat in the ring. The firm filed plans with the Securities and Exchange Commission (SEC) for three actively managed ETFs targeting various sustainability objectives. “The three — BNY [...] Read more at ETFtrends.com.

On a recent episode of the SS&C ALPS Advisors Building Blocks podcast, Investment Strategy Advisor Danny Schwab and Senior Investment Strategy Advisor Paul Baiocchi sat down with Eric Hewitt, Portfolio Manager and Alex Hagmeyer, Senior Director Quantitative Research, both with ALPS Advisors, to discuss the rotation to value. As Hagmeyer explains, value hasn’t been in [...] Read more at ETFtrends.com.

BNY Mellon Investment Management is developing its first actively managed ETFs, with initial offerings likely to center around sustainable solutions. According to the latest Securities and Exchange Commission EDGAR filings, BNY Mellon Investment Management is crafting an actively managed BNY Mellon Sustainable US Equity ETF, BNY Mellon Sustainable International Equity ETF, and BNY Mellon Sustainable [...] Read more at ETFtrends.com.

Crude oil and crude related ETFs are dropping again on Tuesday, while inverse crude ETFs are climbing, as broken key technical levels and fallout from Fed comments continue to push prices downward. West Texas Intermediate crude oil, the United States benchmark, is having a tough day on Tuesday. Its black gold is down $2.45, or [...] Read more at ETFtrends.com.

A recent fire at a factory of one of the world’s leading Japanese auto chip makers Renesas Electronics Corp. aggravated long-standing worries about the global crunch of automotive semiconductors.Shares of Renesas dropped as much as 5.5% after the key automotive semiconductor su

U.S. markets and stock exchange traded funds meandered Tuesday as investors waited on remarks from Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen over hints of the future direction in policy changes. On Tuesday, the Invesco QQQ Trust (NASDAQ: QQQ) was up 0.3%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) fell 0.2%, and iShares [...] Read more at ETFtrends.com.

With the energy sector off to a torrid start in 2021, it may like the midstream value proposition may be waning. The Alerian Energy Infrastructure ETF (ENFR) actually shows the opposite may be true. The ALPS ETF tracks the Alerian Midstream Energy Select Index (CME: AMEI). ENFR acts as a type of hybrid energy infrastructure ETF, which helps investors [...] Read more at ETFtrends.com.