In recent trading, shares of MasTec Inc. (Symbol: MTZ) have crossed above the average analyst 12-month target price of $56.14, changing hands for $56.33/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuatio
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 Brandywine Realty Trust (Symbol: BDN) have crossed above the average analyst 12-month target price of $10.83, changing hands for $11.15/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 AGCO Corp. (Symbol: AGCO) have crossed above the average analyst 12-month target price of $93.15, changing hands for $96.53/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation
In recent trading, shares of Crestwood Equity Partners LP (Symbol: CEQP) have crossed above the average analyst 12-month target price of $15.00, changing hands for $15.93/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: down
By Roman Chuyan, CFA, President, CIO, Model Capital Management LLC Our Equity Model’s forecast for the S&P 500 remains positive as investors redeploy cash balances. A shift from Economic to Market factors occurred; momentum now drives the rally. Our models continue to dictate bullish positioning, but sentiment moves toward exuberance. In my early-November article ‘Like [...] Read more at ETFtrends.com.
The income problem. Every financial professional is facing the same dilemma: how do you generate meaningful income for your clients without having to take unacceptable risks, or investing in new, unproven strategies? The answer for many may come from preferred and capital securities. In the upcoming webcast, Solving for Income: A Preferred Solution, L. Philip [...] Read more at ETFtrends.com.
This morning, Moderna (MRNA) announced that its vaccine candidate was 94.5% effective against the coronavirus. This came after Pfizer’s (PFE) announcement last Monday which showed similar efficacy for its vaccineOil and other risky assets have jumped over the past week on optim
The coronavirus outbreak has affected production and sales of vehicles as carmakers had to shut down facilities in late March across the United States. The outbreak also slowed down the sector’s sales, with demand being hit hard by high unemployment rates. However, with many st
As the United States faces a divided government, investors should feel comforted by supportive policies that will keep the stock markets going. “The confluence of factors currently supporting equity and credit markets — improving economic conditions, stocks trading cheap compared to bonds, and accommodative monetary policy — holds true irrespective of the ultimate outcome of [...] Read more at ETFtrends.com.
In trading on Monday, shares of the Vanguard Energy ETF (Symbol: VDE) crossed above their 200 day moving average of $48.74, changing hands as high as $48.78 per share. Vanguard Energy shares are currently trading up about 5.7% on the day. The chart below shows the one year pe
The mood in Wall Street is upbeat as the S&P 500 has risen 2.2% in the week ending Nov 13. The 30-stock Dow Jones Industrial Average has also rallied more than 4% in the week, hitting an intra-day record (according to a CNBC article).
US stocks and index ETFs jumped Monday, amid news of a highly effective coronavirus vaccine trials from Moderna, sending the Dow Jones hurtling toward 30,000 points. The Dow Jones Industrial Average added almost 400 points, or 1.3%, while the S&P 500 advanced 0.91% and Nasdaq Composite climbed 0.54%. Major stock ETFs are also breaking to [...] Read more at ETFtrends.com.
The video game industry is stealing the thunder of traditional media and entertainment. The segment is gradually transforming to offline from online. The stay-at-home-trend caused by the coronavirus pandemic made the segment more lucrative. eSports, mobile gaming, subscription mo
Biotech ETFs are getting a boost along with stocks on Monday thanks to Moderna, which announced that its initial phase three trial data reveals a coronavirus vaccine that is over 94% effective. Shares of the Moderna surged over 12% in premarket trading, and are still up over 7.5%. Meanwhile, the iShares Nasdaq Biotechnology ETF (IBB) is [...] Read more at ETFtrends.com.
Mid-cap equities investors are well-aware of the benefits they bring. With an ability to cushion market downturns like a large cap and bring upside growth opportunities like a small-cap, ETFs like the iShares Russell Mid-Cap Value ETF (IWS) can be stellar options. The sector rotation out of growth-fueled equities like technology and into more value-oriented funds [...] Read more at ETFtrends.com.
While yields might be creeping higher in benchmark U.S. Treasuries, it might not be enough to satiate fixed income investors’ appetite. That said, it’s a good time to seek yield in other parts of the world, such as emerging markets (EM), via the Invesco Emerging Markets Sovereign Debt ETF (PCY). PCY is based on the [...] Read more at ETFtrends.com.
The Invesco Dow Jones Industrial Average Dividend ETF is seeing unusually high volume in afternoon trading Monday, with over 161,000 shares traded versus three month average volume of about 37,000. Shares of DJD were up about 1.9% on the day.
In trading on Monday, the Oil Services ETF is outperforming other ETFs, up about 8.9% on the day. Components of that ETF showing particular strength include shares of Oil States International, up about 14.3% and shares of U.S. Silica Holdings, up about 13.9% on the day.