In recent trading, shares of FLIR Systems, Inc. (Symbol: FLIR) have crossed above the average analyst 12-month target price of $55.40, changing hands for $55.47/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 Robert Half International Inc. (Symbol: RHI) have crossed above the average analyst 12-month target price of $75.28, changing hands for $76.50/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: dow
In recent trading, shares of Nektar Therapeutics (Symbol: NKTR) have crossed above the average analyst 12-month target price of $24.80, changing hands for $25.46/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on
In recent trading, shares of Rexnord Corp (Symbol: RXN) have crossed above the average analyst 12-month target price of $47.00, changing hands for $47.10/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 Reinsurance Group of America, Inc. (Symbol: RGA) have crossed above the average analyst 12-month target price of $116.86, changing hands for $118.19/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to reac
For investors looking for momentum, SPDR S&P Oil & Gas Exploration & Production ETF XOP is probably a suitable pick. The fund just hit a 52-week high and is up about 170% from its 52-week low price of $29.48/share.
For investors looking for momentum, iShares Robotics and Artificial Intelligence Multisector ETF IRBO is probably a suitable pick. The fund just hit a 52-week high and is up 172.8% from its 52-week low price of $19.10/share.
As markets continue to process results of the 2020 election and its potential impact on regulation and policy, one thing is certain: the zero rate environment isn’t likely to go away anytime soon. As yield-starved investors face dwindling opportunities in bonds, financial professionals need to find more attractive income-generating opportunities with acceptable levels of risk. [...] Read more at ETFtrends.com.
The utility sector has come up with mixed results so far this earnings season. Of the 17.9% S&P companies in the sector that have reported, 80% beat bottom-line estimates. For these companies, earnings rose 4.6% while revenues declined 0.1% year over year, per the Earnings
Exchange traded funds that track environmental, social, and governance principles help investors track socially responsible investments, but some question if the fund providers are doing enough to limit exposure to companies with a high carbon footprint. Jordan Waldrep, the chief investment officer of TrueMark Investments, analyzed the holdings of the largest environmental, social, and governance [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds were mixed Wednesday with the technology-heavy Nasdaq falling behind on concerns over an overheating economy and potential policy changes that could rein in growth. On Wednesday, the Invesco QQQ Trust (NASDAQ: QQQ) was down 0.5%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was up 0.4%, and iShares Core [...] Read more at ETFtrends.com.
Wall Street’s February rally is reflecting investors’ optimism over the coronavirus vaccine rollout and possibilities of another round of fiscal stimulus. The Dow Jones Industrial Average is up around 5.1% in the month. Other two broader indices, the S&P 500 and the Nasda
On Wednesday, Bitwise Asset Management, creator of the world’s largest crypto index fund, the $800 million AUM Bitwise 10 Crypto Index Fund (OTCQX: BITW), announced the launch of the Bitwise DeFi Crypto Index Fund. Decentralized finance (DeFi) refers to the emerging category of digital, peer-to-peer financial services technologies that enable trading, loans, interest accounts, and more. Using public blockchains [...] Read more at ETFtrends.com.
Rates have been rising fast in the United States over the past few days on growing risk appetite and reflationary optimism. First, vaccine distribution has given a material boost to the U.S. treasury yields.
The drones are coming. For investors already engaged with or considering positions in the ARK Autonomous Technology & Robotics ETF (CBOE: ARKQ), that’s quite the positive development. The actively managed ARKQ invests in companies that stand to benefit from the increased adoption and utilization of robotics and artificial intelligence (AI), including those involved with industrial [...] Read more at ETFtrends.com.
Not surprisingly, the coronavirus pandemic is stoking increases in global healthcare spending. The Invesco DWA Healthcare Momentum Portfolio (NASDAQ: PTH) is among several exchange traded funds levered to that trend. PTH follows the follows the Dorsey Wright Healthcare Technical Leaders Index. “The Index is designed to identify companies that are showing relative strength (momentum), and [...] Read more at ETFtrends.com.
Japanese shares recently touched a more than a 30-year high on rising expectations of a revival in corporate earnings and economic growth. The Nikkei 225 Index recaptured the psychologically important 30,000 level for the first time since August 1990. Energy, healthcare, and indu
Analysts and market observers are growing increasingly bullish on aerospace and defense equities and that’s good news for exchange traded funds such as the Invesco Aerospace & Defense ETF (PPA). PPA seeks to track the investment results (before fees and expenses) of the SPADE® Defense Index. The fund generally will invest at least 90% of [...] Read more at ETFtrends.com.
Last weekend, Bitcoin flirted with $50,000 for the first time, before giving back some of those initial gains. Some experts believes the next steps for the largest digital asset will include near-term volatility and more price appreciation when that turbulence abates. The hesitance once seen around cryptocurrencies is slowly starting to dissipate as more institutional [...] Read more at ETFtrends.com.
Digitization has increased the need for cybersecurity given instances of security breaches and threats. We have seen years’ worth of digital transformation in a few months amid the COVID-19 pandemic. Solid earnings have added to the strength. Most of the cybersecurity firms cam