Stocks and index ETFs gapped higher on Tuesday after bond yields fell, motivating investors to snatch up technology shares, many of which have been sliding over the last month. The Nasdaq Composite, which fell over 2.4% on Monday, climbed 3.53% Tuesday as stocks like Tesla surged 14% after a five-day losing streak. Meanwhile Apple, Amazon, [...] Read more at ETFtrends.com.
Money continues to pour into the thematic ETF space. Global X has several noteworthy funds in the mix of it all. “Funds focused on specific market niches raked in piles of cash in the first two months of the year, a trend that’s poised to rapidly accelerate, according to a new survey,” a Bloomberg article [...] Read more at ETFtrends.com.
The Bloomberg Gas Oil Subindex is up almost 30% for the year, signaling the strong rally in energy and encouraging investors to hop on board the bandwagon with ETFs like the Invesco Dynamic Oil & Gas Services ETF (PXJ). The fund seeks to track the investment results of the Dynamic Oil Services Intellidex Index. The [...] Read more at ETFtrends.com.
The Invesco Russell 1000—Dynamic Multifactor ETF is seeing unusually high volume in afternoon trading Tuesday, with over 881,000 shares traded versus three month average volume of about 134,000. Shares of OMFL were up about 1.7% on the day.
In trading on Tuesday, the Invesco Solar ETF is outperforming other ETFs, up about 12.8% on the day. Components of that ETF showing particular strength include shares of Daqo New Energy, up about 22.7% and shares of Jinkosolar Holding, up about 19.5% on the day.
Environmental, social, and governance (ESG) measures have not always been readily available in one identifiable metric. Yet according to a Reuters report, one U.S. brokerage is now the first to integrate an ESG score into company equity reports. The brokerage, Cowen, developed a simple score that runs from 1 to 100 with 50 representing a [...] Read more at ETFtrends.com.
Energy has strongly rebounded this year and is the top-performing sector. This is especially true, as oil price has been benefiting the most from the expectation of swift global economic recovery buoyed by rapid vaccination rollout, more vaccine progress and a new $1.9 trillion s
Steel prices continue to soar, causing some market pundits to forecast a nine-year high for the commodity, which could make the VanEck Vectors Steel ETF (SLX) a real value-oriented steal. “The past twelve months were a turbulent time for all those involved in the US stainless steel market,” a Hellenic Shipping News Worldwide article said. [...] Read more at ETFtrends.com.
In recent trading, shares of Kilroy Realty Corp (Symbol: KRC) have crossed above the average analyst 12-month target price of $67.90, changing hands for $68.36/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on va
In recent trading, shares of Hudson Pacific Properties Inc (Symbol: HPP) have crossed above the average analyst 12-month target price of $27.41, changing hands for $27.56/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: down
In recent trading, shares of Burlington Stores Inc (Symbol: BURL) have crossed above the average analyst 12-month target price of $280.62, changing hands for $304.16/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 AerCap Holdings NV (Symbol: AER) have crossed above the average analyst 12-month target price of $53.40, changing hands for $57.53/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on va
In recent trading, shares of Brunswick Corp. (Symbol: BC) have crossed above the average analyst 12-month target price of $95.46, changing hands for $95.74/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuat
In recent trading, shares of AptarGroup Inc. (Symbol: ATR) have crossed above the average analyst 12-month target price of $136.86, changing hands for $137.71/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on val
In recent trading, shares of CNH Industrial NV (Symbol: CNHI) have crossed above the average analyst 12-month target price of $15.43, changing hands for $15.71/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on va
In recent trading, shares of Carmax Inc. (Symbol: KMX) have crossed above the average analyst 12-month target price of $127.80, changing hands for $129.17/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuati
In recent trading, shares of Cushman & Wakefield PLC (Symbol: CWK) have crossed above the average analyst 12-month target price of $15.85, changing hands for $16.53/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgr
In recent trading, shares of Mastercard Inc (Symbol: MA) have crossed above the average analyst 12-month target price of $368.54, changing hands for $371.33/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valua
In recent trading, shares of TreeHouse Foods Inc (Symbol: THS) have crossed above the average analyst 12-month target price of $53.28, changing hands for $53.78/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on v
In recent trading, shares of National Storage Affiliates Trust (Symbol: NSA) have crossed above the average analyst 12-month target price of $38.50, changing hands for $38.82/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react:
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