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 Keysight Technologies Inc (Symbol: KEYS) have crossed above the average analyst 12-month target price of $145.86, changing hands for $146.40/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downg
Diversification is always key to successful investing, and it’s a great way to get into some ETF education. ETF Trends’ CIO and Director of Research, Dave Nadig, was on hand to discuss some notable ETFs that would serve long-time investors well with TD Ameritrade’s Nicole Petallides during “Market Overtime.” Nadig stars by noting how ETFs [...] Read more at ETFtrends.com.
When looking at socially responsible investments that track environmental, social, and governance principles, many have singled out the ‘E’ component over the years to help fight the negative effects of climate change. The coronavirus pandemic has helped place greater emphasis on the ‘S’ factor. Companies are beginning to give greater attention to social factors that [...] Read more at ETFtrends.com.
It’s been almost a month since last checking in on the current copper ETF rally with the outlook continuing to look bright. While the economy is still in need of a lift via stimulus, investors can find many opportunities in the strong demand for metals and raw materials. Looking specifically at the United States Copper Index Fund [...] Read more at ETFtrends.com.
Marijuana stocks and cannabis-related exchange traded funds climbed Tuesday after Tilray (NasdaqGS: TLRY) struck a deal with Grow Pharma to import and distribute medical cannabis products in the United Kingdom, potentially foreshadowing the expansion of the pot businesses into more globalized markets. Among the best performing non-leveraged ETFs of Tuesday, the ETFMG Alternative Harvest ETF [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds managed to eke out modest gains Tuesday, extending their six-day consecutive streak of gains toward record highs. On Tuesday, the Invesco QQQ Trust (NASDAQ: QQQ) rose 0.1%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was up 0.1%, and iShares Core S&P 500 ETF (NYSEArca: IVV) was flat. “Very [...] Read more at ETFtrends.com.
The world’s most popular cryptocurrency, bitcoin, has been dominating the headlines since yesterday. It climbed around 20% on Feb 8 after the world’s largest electric-car maker, Tesla TSLA, announced in a Securities and Exchange Commission (SEC) filing that it has purchased $
By Michael Paciotti, CFA “Most traders are picking pennies in front of a steamroller, exposing themselves to the high-impact rare event yet sleeping like babies, unaware of it.” – N.N. Taleb [1] There is a meme circulating social media from the movie Back to the Future where Doc, exiting the DeLorean proclaims, “Marty, whatever you [...] Read more at ETFtrends.com.
Philip Morris International Inc. PM reported fourth-quarter 2020 results on Feb 4, before market open. Earnings and revenues topped estimates but the top line declined year over year. Accordingly, since the earnings release, Philip Morris’ shares have gained about 5%.
Traditional energy was the worst-performing group in the S&P 500 last year. Renewable energy equities soared in the meantime. But the Alerian Energy Infrastructure ETF (ENFR) is proving investors shouldn’t be quick to ignore traditional energy fare. The ALPS ETF tracks the Alerian Midstream Energy Select Index (CME: AMEI). ENFR acts as a type of hybrid energy [...] Read more at ETFtrends.com.
The MSCI Emerging Markets Index is up nearly 9% to start 2021, and with that strong performance come questions from clients about revisiting developing economies. Advisors can meet that demand with model portfolios, including the Emerging Markets Multi-Factor Portfolio. “This model portfolio is designed for investors with a long-term horizon looking for exposure to a [...] Read more at ETFtrends.com.
Cancer therapies and treatments are among the biggest markets in the broader biotechnology sector, and genomics is one of the preferred avenues for that exposure. Enter the ARK Genomic Revolution Multi-Sector Fund (CBOE: ARKG). Cancer screening is among the many rapidly evolving genomics frontiers that ARKG provides exposure to. There’s massive profit potential in cancer [...] Read more at ETFtrends.com.
Interest rates reside near historic lows, but short-term fixed income instruments still play roles in balanced bond portfolios. The FlexShares Ready Access Variable Income Fund (RAVI) offers that balance with a steady income stream. RAVI primarily invests in investment-grade debt securities with a heavy tilt toward U.S. corporate bonds. According to the fund prospectus, the [...] Read more at ETFtrends.com.
Gold is one of the assets Bitcoin is most frequently compared with, and the latter’s most recent ascent to an all-time high could be a spark for the precious metal. If correlations between the two assets tighten, the Sprott Gold Miners ETF (NYSEArca: SGDM) will benefit. SGDM tracks the Solactive Gold Miners Custom Factors Index [...] Read more at ETFtrends.com.
Global investors boosted purchases of India equities after the government started easing restrictions and vaccines started being rolled out. This made India's stock market the seventh biggest in the world as total market capitalization jumped to $2.7 trillion. Foreign investors h
Some market observers still see plenty of fire in the small cap rally, particularly with growth fare, a scenario that bodes well for exchange traded funds such as the ERShares NextGen Entrepreneurs ETF (ERSX). ERSX selects the most entrepreneurial, primarily Non-US Small Cap companies, that meet the thresholds embedded in its proprietary Entrepreneur Factor (EF). [...] Read more at ETFtrends.com.
Stocks and index ETFs are pulling back on Tuesday, with the S&P 500 retracting from a fresh high as investors may be booking profits after a strong run-up. The Dow Jones Industrial Average and the S&P 500 each dipped about 0.2%, slipping for the first time in a week. The Nasdaq Composite held its ground [...] Read more at ETFtrends.com.
The Vanguard Communication Services ETF is seeing unusually high volume in afternoon trading Tuesday, with over 717,000 shares traded versus three month average volume of about 131,000. Shares of VOX were up about 0.4% on the day.