Crude oil and crude ETFs are surging once again on Friday, but some analysts are now concerned the market be have gone too far and is due for a drop. Cyclical sectors, those most sensitive to an economic rebound, have led the rally in February. Energy, one of those sectors, rallied over 12% so far, [...] Read more at ETFtrends.com.
Stocks and index ETFs have been tepid, locked in sideways action once again on Friday, as prices hover near record levels after a recent run-up last week. The Dow Jones Industrial Average traded slightly lower on the day, while the S&P 500 and the Nasdaq Composite were both marginally higher after tagging record highs this [...] Read more at ETFtrends.com.
Biotechnology sector-related exchange traded funds strengthened after Illumina (NasdaqGS: ILMN) announced better-than-expected quarterly earnings and an optimistic 2021 outlook. On Friday, the VanEck Vectors Biotech ETF (BBH) rose 2.0% and iShares Nasdaq Biotechnology ETF (IBB) gained 0.5%. Meanwhile, Illumina shares jumped 13.4%. ILMN makes up 5.9% of BBH and 4.7% of IBB. Illumina revealed a [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds drifted toward another record high Friday as investors waited on continued stimulus updates. On Friday, the Invesco QQQ Trust (NASDAQ: QQQ) rose 0.1%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was down 0.1%, and iShares Core S&P 500 ETF (NYSEArca: IVV) gained 0.1%. “Most of these selloffs have [...] Read more at ETFtrends.com.
Since when the blue wave of Democrats hit the U.S. economic shores, the investing case for a few sectors strengthened. Among the lot, infrastructure is a prominent one. In his presidential campaign, Joe Biden proposed a $1.3 trillion infrastructure overhaul.
The SPDR— Portfolio MSCI Global Stock Market ETF is seeing unusually high volume in afternoon trading Friday, with over 259,000 shares traded versus three month average volume of about 34,000. Shares of SPGM were up about 0.2% on the day.
Most economies went sideways in 2020, but some managed to fall right side up. Germany, for example, saw its economy shrink by less than expected, which is good news for the Global X DAX Germany ETF (DAX). “Germany’s economy shrank by 5.0% in 2020, less than expected and a smaller contraction than during the global [...] Read more at ETFtrends.com.
A chip shortage is just what bullish semiconductor traders need. Now, ETFs like the Direxion Daily Semiconductor Bull 3X ETF (SOXL) could get additional tailwinds thanks to Joe Biden. “The White House has pledged to help address the ongoing global semiconductor shortage, with President Joe Biden said to be signing an executive order to conduct a supply [...] Read more at ETFtrends.com.
Rivian Automotive Inc., the electric-vehicle start-up backed by Amazon.com Inc. AMZN and Ford Motor Co. F, is eyeing to go public this fall at a valuation of about $50 billion, per a Bloomberg article, as quoted on Yahoo Finance. At a $50 billion valuation, it would likely be on
A low volatility strategy can help investors avoid market queasiness. According to a recent Forbes article, one great way to test such a strategy is to see how it fares overseas. “One robust way to test out factors is to see if they hold up across geographies,” the Forbes article said. “Researchers have found that low [...] Read more at ETFtrends.com.
Up 30% to start the year, the Invesco Golden Dragon China ETF (PGJ) is breathing fiery gains as the world’s second largest economy looks to continue to gain momentum. PGJ seeks to track the investment results of the NASDAQ Golden Dragon China Index. The fund generally will invest at least 90% of its total assets [...] Read more at ETFtrends.com.
Environmental, social, and governance (ESG) investing will be a force to be reckoned with for some time to come. Advisors can consider ETFs like the SPDR S&P 500 ESG ETF (EFIV). “Sustainable funds in the U.S. attracted $51.2 billion in 2020, more than double the previous calendar-year record of $21.4 billion set in 2019, according [...] Read more at ETFtrends.com.
Precious and industrial metals are riding high lately as wider COVID-19 vaccination distribution and hopes of more stimulus renewed optimism for speedy economic recovery that has brightened the demand outlook. The weakness in dollar also lent support to the metals.While gold and
More investors are looking at riskier assets in order to obtain increasingly elusive yield. ETF provider VanEck is seeing strong inflows in three of its ETFs that focus on high yield debt. One fund that is highly sought after is the VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL). ANGL seeks to replicate as closely [...] Read more at ETFtrends.com.
In trading on Friday, the Invesco Dynamic Semiconductors ETF is outperforming other ETFs, up about 2.4% on the day. Components of that ETF showing particular strength include shares of Acm Research, up about 11.5% and shares of Amkor Technology, up about 9.9% on the day.
Valentine’s Day is around the corner and while accessories, dresses, gadgets or flowers are the usual gifts being picked up for this day, gifting an ETF could also be a great idea. This is because the performance of ETFs is dependent on the movement of the stock market and thei
When it comes to investing in companies with exposure to the rapidly evolving early cancer detection/screening market, the ARK Genomic Revolution Multi-Sector Fund (CBOE: ARKG) stands above the rest. Part of the early cancer screening equation is liquid biopsies, a niche some ARKG components already feature exposure to. “Liquid biopsies are a noninvasive method of analyzing [...] Read more at ETFtrends.com.
The Principal Healthcare Innovators Index ETF (BTEC) became quite the story among healthcare exchange traded funds last year. BTEC seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq Healthcare Innovators Index. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment [...] Read more at ETFtrends.com.
In trading on Friday, shares of the Vanguard Total International Bond ETF (Symbol: BNDX) entered into oversold territory, changing hands as low as $57.86 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator