Wall Street was downbeat last week with the S&P 500, the Dow Jones and the Nasdaq losing about 2.3%, 2.4% and 1.66%, respectively. Fears of a second wave of virus contagion amid reopening of economies weighed on the markets. However, the markets gained at the end of the week
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 itse
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 itse
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 itse
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 itse
The ‘automobile, tires, trucks’ sector has come up with mixed results this reporting season. Notably, 62.5% of the S&P automobile companies beat on earnings, while 62.5% outpaced revenue estimates. Earnings declined 76.7% year over year and revenues 11.6%, per the Earn
Global stock markets stayed steady past month despite the coronavirus pandemic. Mammoth policy easing to counter the economic fallout from the COVID-19-led lockdowns caused the rally. Wall Street has especially displayed a sturdier performance. The S&P 500 has gained 3.3% pa
The beleaguered financial sector, one of the hardest-hit amid the pandemic, picked up on May 14 on speculations that Goldman Sachs GS is looking for banks that could be lucrative acquisition targets, per media reports.
The coronavirus pandemic continues to spread, having infected more than 4.3 million people globally, including at least 297,000 deaths. The outbreak has compelled people to stay indoors and work remotely. Also, the pandemic has resulted in some changes in lifestyle preferences.
The iShares Global Comm Services ETF is seeing unusually high volume in afternoon trading Friday, with over 352,000 shares traded versus three month average volume of about 55,000. Shares of IXP were down about 0.8% on the day.
In trading on Friday, the Junior Gold Miners ETF is outperforming other ETFs, up about 4.7% on the day. Components of that ETF showing particular strength include shares of Fortuna Silver Mines, up about 16.1% and shares of Endeavour Silver, up about 13.3% on the day.
In the latest stock market rally, Invesco QQQ QQQ, which tracks the Nasdaq 100 Index, joined the $100 billion club of AUM last week. The fund has gathered $9.8 billion in its asset base so far this year and is the fifth largest ETF, behind SPDR S&P 500 ETF Trust SPY, iShar
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 Floating Rate Bond ETF, where 5,000,000 units were destroyed, or a 3.9% decrease week over week.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares National Muni Bond ETF (Symbol: MUB) where we have detected an approximate $339.5 million dollar inflow -- that's a 2.2% increase week over
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— Gold Shares (Symbol: GLD) where we have detected an approximate $684.3 million dollar inflow -- that's a 1.1% increase week over week in ou
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MBS ETF (Symbol: MBB) where we have detected an approximate $122.1 million dollar inflow -- that's a 0.6% increase week over week in outsta
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Materials Select Sector SPDR— Fund (Symbol: XLB) where we have detected an approximate $75.6 million dollar inflow -- that's a 1.8% increase
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Consumer Staples Select Sector SPDR— Fund (Symbol: XLP) where we have detected an approximate $247.5 million dollar inflow -- that's a 1.7% i
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares S&P GSCI Commodity-Indexed Trust, which added 4,500,000 units, or a 8.6% increase week over week.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Nasdaq Biotechnology ETF (Symbol: IBB) where we have detected an approximate $96.8 million dollar outflow -- that's a 1.2% decrease week ov