Nasdaq ETFs

In recent trading, shares of Boston Beer Co Inc (Symbol: SAM) have crossed above the average analyst 12-month target price of $316.17, changing hands for $319.22/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on

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

This year remains challenging as investor and market uncertainty persists. Managed futures funds that outperformed last year mostly pulled back in the first half of this year. In ups and downs, however, these strategies remain a strategic allocation for portfolios for their diversification and outperformance potential in market dislocations. 2022 brought with it enhanced and [...] Read more at ETFtrends.com.

Six of the eight indexes on our world watch list posted gains through June 26, 2023. Tokyo’s Nikkei 225 finished in the top spot with a YTD gain of 25.31%. The U.S.’s S&P 500 finished in second with a YTD gain of 13.20% while France’s CAC 40 finished in third with a YTD gain of 8.46%. World [...] Read more at ETFtrends.com.

China remains the world leader in climate investment and renewable energy. While it does emit the highest levels of carbon dioxide each year, China continues to aggressively transition to renewable energies. Given the long runway left in converting to renewable energies, investing in China’s green initiatives is worth consideration. In 2022, China invested $546 billion [...] Read more at ETFtrends.com.

On June 3rd, President Biden signed the Fiscal Responsibility Act of 2023 into law suspending the debt ceiling until 2025 and averting a potential U.S. default. One provision of the law will require student loan repayments to resume for millions of Americans at the end of August[1], reducing discretionary income that can be spent in [...] Read more at ETFtrends.com.

It was a busy week for ETF launches and closures. A total of 15 ETFs launched during the week shortened by the Juneteenth holiday, defying the typically slow launch count for weeks surrounding three-day weekends. At the same time, closures continued their steady march to an annual record for 2023. Not only did Fidelity complete [...] Read more at ETFtrends.com.

Evan Harp sat down with financial advisor Ramona Maior. Maior reflected on how financial advisors can better serve LGBTQ+ clients. She offered a number of quick and useful tips for advisors.  Evan Harp: What is the biggest challenge financial advisors have when it comes to how they handle LGBTQ+ clients and their issues? Ramona Maior: [...] Read more at ETFtrends.com.

In trading on Monday, the Oil Services ETF is outperforming other ETFs, up about 2.3% on the day. Components of that ETF showing particular strength include shares of Transocean, up about 5.9% and shares of Liberty Energy, up about 3.8% on the day.

The iShares Russell 3000 ETF is seeing unusually high volume in afternoon trading Monday, with over 338,000 shares traded versus three month average volume of about 125,000. Shares of IWV were trading flat on the day.

Two BulletShares ETFs are seeing sizable flows as investors look for opportunities in the front end of the yield curve. Many investors staying within the short to intermediate part of the curve, opting for balanced fixed income exposure as opposed to making big bets. Jason Bloom, Invesco’s head of fixed income and alternatives ETF Product [...] Read more at ETFtrends.com.

Recent regulatory filings from ONEOK (OKE) and Magellan Midstream Partners, LP (MMP) provide insight into the expected deal synergies. Midstream corporation ONEOK announced last month it will acquire MLP Magellan in a cash-and-stock deal valued at $18.8 billion. The merger is expected to close in the third quarter of 2023, subject to ONEOK and Magellan [...] Read more at ETFtrends.com.

Representatives from KraneShares recently visited China for the first time since the onset of the pandemic. The robust activity they found signals that China is an economy on the mend as business recovers, despite macro challenges. Xiabing Su, cultural analyist at KraneShares, met with members of KraneShares in their first visit to China since 2020. [...] Read more at ETFtrends.com.

2023 has been an extraordinarily confusing year for portfolio managers. Investors have generally brushed off SPY’s +15% YTD rally, presuming it to be merely green shoots in a bear market with a seemingly inevitable correction coming. As Q2 comes to an end, however, it may be time to acknowledge some improvement in macro fundamentals and [...] Read more at ETFtrends.com.

HSBC's decision comes amid a surge of institutional interest in Bitcoin ETFs, potentially fueling a global competition to attract capital.

Lithium’s role in clean energy storage and the rechargeable batteries used for hybrid and electric vehicles make it vital to achieving global net-zero decarbonization goals.

One of the world’s most innovative tech companies just debuted a new product in recent days – the Apple Vision Pro. This is a spatial computer headset that blends virtual and actual realities together, creating an augmented reality. Apple is having a go at pricing this new device around $3,500. Will consumers bite at this [...] Read more at ETFtrends.com.

Once again, crypto ETFs led the way among the top weekly ETFs according to data from Logicly. The latest edition of crypto performance suggests that the summer may continue to that out the crypto world. Crypto ETFs took a big hit last year but have offered some of the best performances in ETF land so [...] Read more at ETFtrends.com.

Author: Thomas A. Martin, CFA, Senior Portfolio Manager  The new Bull Market broke out at the beginning of June. That’s if you go by the 20% rule and use the S&P 500 as your representative index. That’s almost exactly one-and-a-half years since the bear market started at the very beginning of 2022. The bear market [...] Read more at ETFtrends.com.