In recent trading, shares of Avnet Inc (Symbol: AVT) have crossed above the average analyst 12-month target price of $46.88, changing hands for $47.37/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 EXACT Sciences Corp. (Symbol: EXAS) have crossed above the average analyst 12-month target price of $88.50, changing hands for $91.09/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on
In recent trading, shares of Cerence Inc (Symbol: CRNC) have crossed above the average analyst 12-month target price of $32.25, changing hands for $32.30/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuatio
In recent trading, shares of Navient Corp (Symbol: NAVI) have crossed above the average analyst 12-month target price of $18.62, changing hands for $18.87/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuati
It’s been a challenging year for many managed futures strategies but they continue to offer long-term potential for portfolios. The benefits of trend-following strategies are numerous and worth consideration for inclusion in any alternatives sleeve. Trend following doesn’t invest based on the forward-looking price-to-earnings of a company or on any of the traditional metrics by [...]
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Seven of the eight indexes on our world watch list posted gains through June 12, 2023. Nikkei 225 continued to climb, finishing in the top spot with a YTD gain of 24.29%. The U.S.’s S&P 500 finished in second with a YTD gain of 13.46% while Germany’s DAXK finished in third with a YTD gain of 10.02%. [...]
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Tech has proven to be a surprisingly durable source of returns so far this year, but how should investors respond? So much of the year’s narrative has focused on concerns like rising rates or a looming recession. How long can tech resist, even as some discuss whether we may actually be in a bull market [...]
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Many advisors misunderstand the night effect and how NightShares ETFs can enhance portfolios. The night effect is a powerful, persistent pattern seen in markets. The night session, defined as buying at close and selling at the next open, looks very different than the daytime session. Notably, the night session tends to contribute most of the [...]
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Hear that? That’s the sound of yet another inflation report arriving this week for markets to chew on. With so much of the Fed’s thinking, and thereby the fate of the Fed funds rate, tied to CPI data, each report takes on more importance. Markets will be watching whether rates come in above or below [...]
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Luke Oliver, head of climate investments at KraneShares, said there’s a new asset class not enough people are talking about. And that asset class is carbon markets. See more: “Carbon Offset ETF KSET Leads Top Weekly ETFs” And Oliver isn’t not talking about “planting trees and creating offsets.” He’s “talking about the compliance carbon [...]
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In the latest big news for the burgeoning ETF landscape, Fidelity will convert six mutual funds to ETFs. The firm’s suite will see its thematic ETFs investing roster expand and diversify significantly. That may interest investors in a year in which particularly mega-cap tech has meaningfully contributed to growth. What’s more, the new thematic ETF [...]
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By Mike Kenney Key Takeaways: It’s a near certainty that prices will continue to rise indefinitely regardless of actions taken by the Fed or other political leaders. Therefore, its vital to utilize an approach to savings with your clients that embraces the reality of inflation. The Rule of 25 for retirement strategy suggests saving 25x [...]
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Economic indicators are released every week to help provide insight into the overall health of the U.S. economy. Despite the economic calendar’s light load last week, there were still important releases that warrant attention. In this article, we explore three of those important economic releases from the past week: the S&P Global Services PMI, the [...]
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In this edition of the top weekly ETF performers, KraneShares stood out with carbon offset ETF KSET. The KraneShares Global Carbon Offset Strategy ETF (KSET) returned 17% for the week, only outperformed by the Breakwave Tanker Shipping ETF (BWET). KSET’s performance arrives as ESG strategies have struggled, but also as climate change-related wildfire smoke choked [...]
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Investors benefit the most over time by making less emotional decisions with regards to their portfolios. Helping investors overcome their behavioral biases is at the heart of everything we do. Each day presents us with another incredible opportunity to help. Every few years, it seems the markets find another new idea that steals the headlines [...]
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The SPDR Dow Jones International Real Estate ETF is seeing unusually high volume in afternoon trading Monday, with over 1.8 million shares traded versus three month average volume of about 107,000. Shares of RWX were down about 0.8% on the day.
In trading on Monday, the SPDR S&P Semiconductor ETF is outperforming other ETFs, up about 2.8% on the day. Components of that ETF showing particular strength include shares of Semtech, up about 7.2% and shares of Navitas Semiconductor, up about 6.4% on the day.
The thematic ETF world will soon have a larger player to watch. Today, Amplify ETFs announced plans to acquire the ETF Managers Group (ETFMG) ETF lineup. ETFMG will boost Amplify’s thematic lineup and support advisors who want to take a diversified approach to long-term trends. The deal will bring some of the most well-known thematic [...]
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With solid first-quarter earnings in the rearview and lots of upside opportunity, it’s an exciting time for MLPs and the midstream space. VettaFi recently sat down with Raymond James analyst J.R. Weston to discuss the outlook for the midstream space, consolidation in the industry, and investment opportunities in MLPs and C-corps. Key Takeaways from First-Quarter [...]
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In trading on Monday, shares of the Vanguard Intermediate-Term Corporate Bond ETF (Symbol: VCIT) crossed below their 200 day moving average of $78.48, changing hands as low as $78.43 per share. Vanguard Intermediate-Term Corporate Bond shares are currently trading off about 0.