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 Saia Inc (Symbol: SAIA) have crossed above the average analyst 12-month target price of $435.93, changing hands for $438.46/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 Blackstone Mortgage Trust Inc (Symbol: BXMT) have crossed above the average analyst 12-month target price of $23.10, changing hands for $23.20/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: dow
In recent trading, shares of Clearwater Analytics Holdings Inc (Symbol: CWAN) have crossed above the average analyst 12-month target price of $19.17, changing hands for $19.41/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react:
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
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
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
Persistent inflation and increasing recession risk have been major drivers of market performance in the last 12 months, creating prolonged volatility that remains a primary concern for clients. Much remains uncertain for the path of inflation and how deep or long the recession will last in the U.S., and advisors looking for the potential to [...]
Read more at ETFTrends.com.
Liquid alts remain a grey area of investing for many, given the complexity and wildly varied performance of different managers and strategies. This is particularly apparent within managed futures hedge funds and mutual funds, highlighting the importance of looking beyond just a single manager within the space. Managed futures strategies entail taking long and short [...]
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Do You Remember… a Stock Slide in September? Historically, the 9th month of the year hasn’t been kind to investors. “April is the cruelest month,” wrote poet T.S. Eliot—who, we assume, didn’t own stocks. History tells us that September has a well-established track record of treating equity investors poorly. The chart shows that the first [...]
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In trading on Thursday, shares of the iShares Core MSCI Emerging Markets ETF (Symbol: IEMG) crossed below their 200 day moving average of $48.91, changing hands as low as $48.38 per share. iShares Core MSCI Emerging Markets shares are currently trading off about 1% on the day.
FuHonda Motor Co. is the latest automaker to announce it will adopt Tesla’s charging technology. Honda announced Thursday it will use Tesla’s fast-charging port for its EV models. The new charging port will be in effect in models available in North America starting in 2025. Ford and GM, as well as other electric vehicle makers, [...]
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Benchmark Review & Monthly Recap, August 2023 – Clark Capital Management Group Stocks End Summer on a Volatile Note; Bond Yields Surge Higher HIGHLIGHTS: Stocks took a pause in August. After two months of market breadth improvement and a solid summer rally, equities slid lower for the month. The VIX Index, a measure of stock [...]
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With its latest strategy launch, KraneShares has added a new global luxury ETF to its roster. The strategy, the KraneShares Global Luxury Index ETF (KLXY) joins the firm’s suite of China and climate-focused strategies. It arrives as luxury goods boomed to start the year following strong years for the luxury industry overall in 2021 and [...]
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When bull markets end, they seldom go gentle into the night. As the market turns down, sharp rallies can occur, inflicting enormous pain on anyone underweight or short the declining asset class. Every decade or so, markets get carried higher by a structural theme which triggers an enormous re-rating of the favored asset class. Examples [...]
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The First Trust Nasdaq Food & Beverage ETF is seeing unusually high volume in afternoon trading Thursday, with over 1.5 million shares traded versus three month average volume of about 179,000. Shares of FTXG were down about 0.1% on the day.
In trading on Thursday, the The Utilities Select Sector SPDR Fund ETF is outperforming other ETFs, up about 1.3% on the day. Components of that ETF showing particular strength include shares of Pacific Gas & Electric, up about 2.5% and shares of Public Service Enterprise G
Worried about a top-heavy S&P 500? You’re not alone – concentration risk is a key theme for investors and market watchers right now. The S&P 500, up 16.3% YTD, continues to offer a nice investment opportunity, but a significant over-reliance on just a few tech names creates some serious risk. Investors and advisors may want [...]
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard S&P 500 ETF (Symbol: VOO) where we have detected an approximate $4.3 billion dollar inflow -- that's a 1.3% increase week over week in
VettaFi’s vice chairman Tom Lydon discussed the WisdomTree Japan Hedged Equity ETF (DXJ) on this week’s “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information, and strategy, visit the Modern Alpha Channel.
Read more at ETFTrends.com.