In recent trading, shares of Best Buy Inc (Symbol: BBY) have crossed above the average analyst 12-month target price of $113.44, changing hands for $113.50/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valu
The latest final report on August’s U.S. consumer sentiment shows that the metric picked up in late-August, largely due to an improving economic outlook amid the coronavirus outbreak. The University of Michigan’s consumer sentiment index rose to 74.1 in August from 72.5 in J
In trading on Tuesday, shares of the Vanguard High Dividend Yield ETF (Symbol: VYM) crossed below their 200 day moving average of $83.51, changing hands as low as $83.30 per share. Vanguard High Dividend Yield shares are currently trading off about 0.3% on the day. The chart
The mood in the Wall Street seems to be optimistic as we entered the bull market. Last month marked the best August for the indices of Dow and the S&P 500 since 1984 and 1986, respectively. Notably, the Dow rose roughly 7.6% in August and 55.7% since its Mar 23 lows. Moreove
There were 13 new ETF listings in August 2020. The listings continued some of the recent trends such as the continued interest in active semi-transparent and defined outcome ETFs.
The U.S. housing market was hit hard initially amid the coronavirus-led lockdown. In any case, the space was struggling with land and labor shortage as well as higher prices. The coronavirus outbreak made matters worse. However, things are looking up lately.
Wall Street recorded a monster rally in August. The S&P 500 and the Nasdaq witnessed back-to-back record-setting sessions at the end of the month while the laggard Dow Jones turned positive for the year.
Invesco Solar ETF TAN topped the list of the best-performing ETFs last month with impressive returns of about 23.3%.The rally was driven by the presumptive Democratic presidential candidate Joe Biden’s push for clean energy and infrastructure plans. Biden aims to pump $2 trill
The iShares Russell Top 200 Value ETF is seeing unusually high volume in afternoon trading Tuesday, with over 185,000 shares traded versus three month average volume of about 93,000. Shares of IWX were down about 0.2% on the day.
In trading on Tuesday, the WisdomTree Cloud Computing Fund ETF is outperforming other ETFs, up about 4% on the day. Components of that ETF showing particular strength include shares of Zoom Video Communications, up about 34% and shares of Docusign, up about 13% on the day.
Wall Street was on a remarkable bull run in the month of August. The S&P 500 hit the 3,500 milestone for the first time in history and logged in the best August in 36 years. Meanwhile, the Nasdaq Composite Index topped the 11,000 milestone and recorded its strongest August s
In trading on Tuesday, shares of the First Trust Value Line Dividend Index Fund ETF (Symbol: FVD) crossed below their 200 day moving average of $32.30, changing hands as low as $32.13 per share. First Trust Value Line Dividend Index Fund shares are currently trading off about
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares Short S&P500 (Symbol: SH) where we have detected an approximate $43.8 million dollar outflow -- that's a 1.6% decrease week over week
In trading on Tuesday, shares of the High-Yield Municipal Index ETF (Symbol: HYD) crossed below their 200 day moving average of $60.00, changing hands as low as $59.85 per share. High-Yield Municipal Index shares are currently trading off about 0.5% on the day. The chart bel
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI USA Min Vol Factor ETF, where 3,900,000 units were destroyed, or a 0.7% decrease week over week. Among the largest underlyin
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SCHR ETF (Symbol: SCHR) where we have detected an approximate $114.4 million dollar inflow -- that's a 3.5% increase week over week in outstanding
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Preferred and Income Securities ETF, which added 6,750,000 units, or a 1.5% increase week over week. Among the largest underlying compon
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the First Trust NYSE Arca Biotechnology Index Fund (Symbol: FBT) where we have detected an approximate $48.2 million dollar outflow -- that's a 2.3% de
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Daily Semiconductor Bull 3X Shares
(Symbol: SOXL) where we have detected an approximate $93.5 million dollar outflow -- that's a 5.5% decrease wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P— Biotech ETF (Symbol: XBI) where we have detected an approximate $248.2 million dollar outflow -- that's a 4.2% decrease week ove