Nasdaq ETFs

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

Exelon Corp (Symbol: EXC) has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 3.5% yield, as well as being recognized by prominent asset managers as being a socially r

In recent trading, shares of Consolidated Edison Inc (Symbol: ED) have crossed above the average analyst 12-month target price of $90.90, changing hands for $91.63/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade o

In recent trading, shares of Snap Inc (Symbol: SNAP) have crossed above the average analyst 12-month target price of $11.07, changing hands for $11.66/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation,

Wells Fargo & Co (Symbol: WFC) has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a whopping $20.96B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 2.57% yield, according to the most recent Dividend Channel ''Di

Most investors know an asset class “performance quilt” when they see one – but they may not be as familiar with another powerful lens into understanding market risk, and risk factor diversification. A popular approach at WisdomTree Investments, risk factor diversification involves more than just simple diversification across types of investments, but across risk factors [...] Read more at ETFtrends.com.

The COVID-19 virus may still be with us, but the economic impacts of the pandemic that raged around the world have continued to recede – most recently in terms of shipping costs. Despite ongoing inflation, shipping rates are expected to dip back below even the levels they reached before the pandemic, with the Breakwave Dry [...] Read more at ETFtrends.com.

While riskier than U.S. government debt, investors are still eyeing corporate debt. Considering that yields for investment-grade corporate bonds are at 5.7%, the highest in more than a decade, that’s not surprising. Plus, despite the possibility of a recession looming over the horizon, defaults on IG corporate bonds are extremely rare. In particular, fixed income [...] Read more at ETFtrends.com.

Wall Street rallied Friday as Treasury yields eased a bit. The 10-year benchmark rate had topped 4% Thursday, for the first time since November, before moving back to 3.96% at the end of the week. The 2-year Treasury yield traded at 4.86% after reaching highs not seen in more than a decade. Government bond yields ticked down even as a return to growth of U.S. service activity in February (first time in eight months) suggested the economy remains resilient despite the Fed rate hikes.  The Dow Jones Industrial Average rose 1.75%, or 574 points, turning back into positive territory for the year (+0.74%). The tech-heavy Nasdaq Composite gained 2.58% (+11.68% year-to-date), while the S&P 500 rose 1.90% (+5.37% YTD), snapping its three-week losing streak. European markets followed suit with the MSCI up 2.37% (+12.53% YTD) and the FTSE 100 up 0.87% (+6.65% YTD). Yet inflation data in France and Spain came in higher than expected. The ECB has promised another 50-basis point rate hike at its upcoming meeting in mid-March. In Asia, China's manufacturing activity expanded at a fast pace in February, amid the recent rollback of pandemic restrictions. The adjusted Purchasing Managers’ Index™ (PMI™) rose from 49.2 in January to 51.6 in February. The Shanghai Composite gained 1.87% over the week (+7.74% for the year) as the economic recovery is picking up steam. Japan’s Nikkei performed in line with its peers (up 1.73% for the week, up 7.02% YTD). Growth sectors attract dip buyers  Most defensive sectors were in the red this week. Utilities lost 0.69%, extending the slump seen since mid-January. It was the worst S&P sector over the last seven weeks. Consumer staples edged down 0.41% while health care edged up 0.51%.  By contrast, the China PMI™ report gave a big boost to the industrial metal sector (best performer this week, up 4.02%) as well as industrial stocks (+3.25%). Communication services partially recovered (+3.27%) from the severe loss suffered last week, helped by META (+8.72%) and GOOG stocks (+5.23%). Energy fared well too (+2.94%) as natural gas prices jumped over 35%  in the last two weeks. WTI futures gained 4.40% this week though Bank of America analysts cut their estimate for average U.S. crude prices this year and Russian oil continues to flow despite sanctions. Lastly, tech stocks also attracted investors (+2.93%). APPL stocks were up +2.94%. Treasury yields rise for the sixth straight week U.S. Treasury yields rose for the sixth week in a row. The 10-year benchmark rate hit its highest level since November, climbing to 4.09% on Thursday before moving back to 3.96% on Friday. The 2-year yield closed at 4.86% on Friday after reaching its highest level (4.94%) since 2007. The yield curve inversion widened again (90 basis points), signaling more recession worries. Investors are now forecasting the Federal Reserve to lift rates to a terminal rate as high as 5.44%. Yet Governor Christopher Waller said that “if payroll and inflation data reports continue to come in too hot, the policy target range will have to be raised this year even more to ensure that we do not lose the momentum that was in place before the data for January were released.” In the eurozone, the yield on the benchmark German 10-year bond jumped to a 12-year high of 2.72% (+18 basis points week-over-week) after European Central Bank President Christine Lagarde set the table for a 50-basis point rate hike in March. ECB Chief Economist Philip Lane added ECB officials will not end rate hikes until they are confident price growth is heading back towards its 2% medium-term target. Notwithstanding these hawkish messages, the ECB should assess the risk that prolonged tightening can hurt the EU economy more than necessary. Several investment banks have recently revised their forecasts for the ECB's terminal rate to 4% as inflationary pressures weigh. That said, to what extent would it make sense to push the terminal rate up to 4% if the Core HICP inflation forecast for 2024 stands at 2.8%? Bearing in mind that it will take months before it is clear how the ECB’s moves have affected the economy.

In this short update, let’s go over a few brief points of emphasis for the markets right now. In late January, the S&P 500 broke out above the trend line drawn from its successive lower peaks (see chart below, point 1). At previous peaks, this trend line had been resistance.  This past “resistance” trend line [...] Read more at ETFtrends.com.

Our Cash Indicator methodology acts as a plan in case of an emergency. This is analogous to the multiple safety systems in a modern automobile, which includes an airbag. Importantly, each of these systems work together to potentially help smooth the ride. We manage risk within our strategic, long-term allocations based on diversification across equity, [...] Read more at ETFtrends.com.

The Invesco Russell 1000—Dynamic Multifactor ETF is seeing unusually high volume in afternoon trading Monday, with over 1.6 million shares traded versus three month average volume of about 258,000. Shares of OMFL were down about 1% on the day.

In trading on Monday, the Invesco Solar ETF is outperforming other ETFs, up about 1.7% on the day. Components of that ETF showing particular strength include shares of Sunnova Energy International, up about 5% and shares of Daqo New Energy, up about 4.7% on the day.

Lawyers for Grayscale Investments will appear in court on Tuesday to argue that federal regulators improperly refused to clear its conversion of the $14 billion Grayscale Bitcoin Trust (GBTC), raising the stakes for one of the last asset categories left untouched by ETFs. Grayscale sued the U.S. Securities and Exchange Commission last June after the [...] Read more at ETFtrends.com.

Despite lagging its cap-weighted parent S&P 500 in February, equal weight’s trailing 12-month relative outperformance is 5%. Both equal weight and the S&P 500 slipped in February, declining 3.3% and 2.4%, respectively, but equal weight maintains its lead over a one-year period, supported by strong 2022 and January performance. February erased some of January’s gains, [...] Read more at ETFtrends.com.

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 $1.5 billion dollar inflow -- that's a 0.6% increase week over week in

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Total Stock Market ETF (Symbol: VTI) where we have detected an approximate $1.4 billion dollar inflow -- that's a 0.5% increase week over w

While parking a client’s assets in index funds may seem like the safe choice, there are some challenges with the passive approach — especially within the fixed income space. Since companies can issue multiple bonds with varying maturities, coupons, and credit ratings, that can increase the number of tradable bonds — and number of constituents [...] Read more at ETFtrends.com.

Here’s a spooky thought — was the pandemic-era bounce for innovative tech and disruption-focused investments a bubble, and if so, is that bubble still haunting those sectors? Investors can’t be blamed for wondering after seeing crypto and disruptive innovation-focused investments bounce back to start the year. As such, advisors and investors may want to watch [...] Read more at ETFtrends.com.