In recent trading, shares of Robert Half Inc (Symbol: RHI) have crossed above the average analyst 12-month target price of $74.27, changing hands for $74.56/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valua
To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention —
In recent trading, shares of Generac Holdings Inc (Symbol: GNRC) have crossed above the average analyst 12-month target price of $149.86, changing hands for $149.90/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade
CLOs generated strong returns in June, with a hawkish Fed driving coupons higher and a rally in spreads. CLOI continues to outperform its benchmark in 2023. The VanEck CLO ETF (the “Fund”) has outperformed its benchmark, the J.P. Morgan CLO Index year-to-date through June 30, 2023 and since the fund launched in June 2022. In the second [...]
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Last month, I shared with you that this summer is expected to mark a new historic high in commercial airline passenger volumes, breaking the previous record set in 2019. One of the unforeseen side effects of the current travel boom has been flight delays, mostly because of staff shortages, and this has raised the issue of pilot [...]
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By Shawn Reynolds Portfolio Manager, Global Resources, Environmental Sustainability & Andrew Musgraves Senior Product Manager Despite the recent lackluster performance of resource equities, it is important to note that historically, overall cumulative returns tend to rebound effectively during periods of high inflation. Recent underperformance of resource equities amid uncharacteristically high inflation has been somewhat perplexing, [...]
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Seven tech stocks accounted for almost 75% of the S&P 500’s year-to-date gains, marking the technical start of a new bull market, even as investors raised concerns about narrow market breadth. Domestic equities extended their year-to-date gains during the recent period between Index selection dates (June 8, 2023, to July 13, 2023, the “Period”). Growth [...]
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By Jeremy Schwartz, CFA Global Chief Investment Officer Follow Jeremy Schwartz @JeremyDSchwartz Recently, tech stocks have been soaring, stirring up a mix of excitement and anxiety. As questions swirl about whether the outperformance can be sustained, much like how growth beat value for much of the last 15 years, there’s also a fear that this artificial intelligence (AI) boom [...]
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By Nick Frasse Associate Product Manager Semiconductor equipment manufacturers, with their cutting-edge technology and continual growth, are pivotal to semiconductor advancement. The semiconductor industry, a cornerstone of modern digital technology, is heavily reliant on semiconductor equipment manufacturing. These companies provide the machinery that enables the creation of integrated devices, often housed within fabrication facilities or [...]
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Recession risk is still looming large over markets, no matter how much digital ink is spilled, talking up a soft landing. While talk of the Fed avoiding a recession has spread rapidly, the Fed’s inflation fight still has a long way to go. What’s more, rates rose so quickly that the economy has yet to [...]
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To learn more about Main Management and how some of our strategies could help you with your investment needs, please contact Darol Ryan, our Head of Sales and National Accounts, at ryan@mainmgt.com. Also check out Main Management CEO Kim Arthur on Twitter and Main Management on LinkedIn.
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Why have markets seemed so paradoxical this year? Advisors are used to uncertainty, but this 2023 has thrown more than just the occasional curveball. With each new headline, everyone from the Fed to the neighbor peering over the hedges has a soundbite to offer. So, what’s really going on? VettaFi Financial Futurist Dave Nadig will [...]
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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 SPDR Portfolio Short Term Corporate Bond ETF (Symbol: SPSB) where we have detected an approximate $67.7 million dollar outflow -- that's a 0.9% decr
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares (Symbol: QLD) where we have detected an approximate $56.5 million dollar outflow -- that's a 1.1% decrease week over week (from 80,200,00
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $60.2 million dollar outflow -- that's a 0.4% decrease we
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $79.8 million dollar outflow -- that's a 0.9% decrease wee
In trading on Friday, shares of the ASHR ETF (Symbol: ASHR) crossed above their 200 day moving average of $28.38, changing hands as high as $28.68 per share. ASHR shares are currently trading up about 4.2% on the day. The chart below shows the one year performance of ASHR sha
Economic data seems all over the place. GDP is up 2.4% for the second quarter, a bigger increase than we saw in the first quarter. Inflation seems to be cooling, but the Fed also just hiked rates by a quarter point and is likely to do so again this year. Consumer confidence is at its [...]
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The Fed raised rates once again in July, but it indicated a pause at minimum in its aggressive rate hiking regime. As bonds catch a breather from ratcheting rates, advisors and investors looking to augment and enhance their fixed income potential should consider the NEOS Enhanced Income Aggregate Bond ETF (BNDI). BNDI continues to generate [...]
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A look at the weighted underlying holdings of the SPDR Russell 1000 Yield Focus ETF (ONEY) shows an impressive 10.2% of holdings on a weighted basis have experienced insider buying within the past six months.
ADT Inc (Symbol: ADT), which makes up 0.06% of the SPDR Russell 1000