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 Avalara Inc (Symbol: AVLR) have crossed above the average analyst 12-month target price of $160.50, changing hands for $164.05/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuat
ETF Trends CEO Tom Lydon discussed the iShares Russell 2000 ETF (IWM) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. This ETF is one of several offering exposure to the Russell 2000 Index, a widely followed measure of small-cap U.S. stocks. Given this investment objective, IWM may be useful in [...] Read more at ETFtrends.com.
Environmental, social, and governance investments have gained traction among money managers this year, now accounting for about one third of total U.S. assets under professional management. According to the U.S. SIF Foundation’s 2020 biennial “Report on US Sustainable and Impact Investing Trends,” sustainable investing assets now total $17.1 trillion or $33% of the $51.4 trillion [...] Read more at ETFtrends.com.
The coronavirus pandemic has amplified the growth trend in emerging market equities. Investors should tread cautiously, focusing on quality companies in developing economies as some segments become increasingly pricey. “Despite growth’s extraordinary bifurcation with value stocks, we recommend investors embrace greater nuance in thinking through the value versus growth debate,” Justin Leverenz, Team Leader and [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds recovered toward the end of Thursday’s session after starting poorly in the early morning. On Thursday, Invesco QQQ Trust (NASDAQ: QQQ) rose 0.8%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was up 0.2%, and iShares Core S&P 500 ETF (NYSEArca: IVV) gained 0.5%. “Investors are still heavily influenced [...] Read more at ETFtrends.com.
Exchange traded fund investors can capitalize on the new normal at work and at home by positioning for the acceleration of global consumer trends and diversifying core equity exposure in new and valuable ways. In the recent webcast, Work From Home Forever? A Growing Movement, A Unique Investment, David Mazza, Managing Director, Product, Direxion; and [...] Read more at ETFtrends.com.
By Nick Erickson & John Sama, Sage Advisory Most ESG investors would agree that climate change risk is at or near the top of their list of sustainability issues. According to the US SIF Foundation’s biennial ESG “Trends Report” released Monday, climate change remains the top ESG issue for money managers, who incorporate climate change [...] Read more at ETFtrends.com.
Another round of upbeat data from the U.S. housing market signals that the sector is holding its ground strongly despite the rising coronavirus cases. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, total housing starts rose 4.9% to a
Pfizer Inc. (PFE) and BioNTech SE (BNTX) have again come up with encouraging updates regarding their coronavirus vaccine candidate, BNT162b2. Notably, BNT162b2 has been found to meet all of the ongoing Phase 3 study’s primary efficacy endpoints post the final efficacy analysis.
On Thursday, Virtus ETF Solutions, a multi-manager ETF sponsor and an affiliate of Virtus Investment Partners, announced the introduction of the Virtus Terranova U.S. Quality Momentum ETF (NASDAQ: JOET), which strives to deliver exposure to U.S.-listed large-cap companies that combine strong quality fundamentals with positive momentum technical trends. JOET tracks the Terranova U.S. Quality Momentum [...] Read more at ETFtrends.com.
Retail sales in the United States gained 0.3% sequentially in October 2020, following a downwardly revised 1.6% gain in September. October sales also missed the market expectation of a 0.5% rise.
Stocks and index ETFs are struggling again on Thursday in mixed trade, amid lackluster U.S. unemployment data and spiking Covid-19 infections, but financial experts are still optimistic due to recent vaccine developments. The Dow Jones Industrial Average and S&P 500 continued to drop for the third consecutive day, with the Dow giving up almost 200 points. [...] Read more at ETFtrends.com.
With a vaccine rally promoting a risk-on sentiment in the capital markets, more ETF investors are apt to grease up their portfolios with international diversification. One play that investors can use for a 2021 economic rebound is Greece, via the Global X MSCI Greece ETF (GREK). GREK seeks to provide investment results that correspond generally [...] Read more at ETFtrends.com.
Small-cap movement in indexes like the Russell 2000 can portend to a wider move in the broad market. Right now, investors are dialing up the risk again, which could mean more gains from the major indexes. Investors who don’t have small-cap exposure just yet can look to the iShares Russell 2000 ETF (IWM) for exposure. IWM seeks [...] Read more at ETFtrends.com.
By Bryan Novak • Mega cap stocks have driven domestic stock market performance, by in large, in 2020. Might that be changing? • Recent trends have seen changes in market segment performance such as small cap and value index performance • Visibility into a COVID-19 vaccine may support a broader benefit for stocks, not just a [...] Read more at ETFtrends.com.
The iShares Global 100 ETF is seeing unusually high volume in afternoon trading Thursday, with over 641,000 shares traded versus three month average volume of about 92,000. Shares of IOO were off about 0.2% on the day.
In trading on Thursday, the WisdomTree Cloud Computing Fund ETF is outperforming other ETFs, up about 2.9% on the day. Components of that ETF showing particular strength include shares of Twilio, up about 7.8% and shares of Crowdstrike Holdings, up about 6.2% on the day.
When the momentum factor gets going, it’s tough to stop. Even with a major crisis like the COVID-19 pandemic. The iShares Edge MSCI USA Momentum Factor ETF (BATS: MTUM) has been yielding gains of over 21% YTD according to Morningstar performance numbers. The fund seeks to track the investment results of the MSCI USA Momentum Index. MTUM [...] Read more at ETFtrends.com.
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