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

In recent trading, shares of Arthur J. Gallagher & Co. (Symbol: AJG) have crossed above the average analyst 12-month target price of $200.27, changing hands for $201.26/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: do

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 Church & Dwight Co Inc (Symbol: CHD) have crossed above the average analyst 12-month target price of $82.50, changing hands for $83.07/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgra

In recent trading, shares of Curtiss-Wright Corp. (Symbol: CW) have crossed above the average analyst 12-month target price of $178.50, changing hands for $180.35/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 AmerisourceBergen Corp. (Symbol: ABC) have crossed above the average analyst 12-month target price of $173.64, changing hands for $173.99/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrad

In recent trading, shares of Fluor Corp. (Symbol: FLR) have crossed above the average analyst 12-month target price of $34.67, changing hands for $35.66/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation

Federal Reserve Chairman Jerome Powell said Wednesday that "moderating the pace of rate increases may come as soon as the December meeting." Yet he added that the terminal rate would need to be “somewhat higher than thought at the time of the September meeting.” Fed fund futures for the May 3 FOMC are now showing a terminal rate at 4.9150% vs. 5.12% a month ago. Powell’s dovish comments boosted stocks even though the labor department announced another month of job growth. US employers hired 263,000 new positions in November, well above the 200,000 economists had forecast in spite of rising interest rates and a series of tech company layoffs.   The S&P 500 rose 1.13% (-14.57% for the year). The Dow Jones Industrial Average edged up 0.24% or 83 points, bringing its year-to-date performance to -5.25%. The Nasdaq Composite advanced the most with a gain of 2.09% (-26.74% year-to-date). The CBOE volatility index (VIX) fell as much as 7% to its lowest level (19.06) in nearly eight months.  European stocks extended their winning streak for the ninth straight week (MSCI EMU up 0.46%, down 10.70% year-to-date) though ECB President Christine Lagarde warned on Monday that inflation has not peaked yet and the central bank will “have to stop simulating demand.” That said, preliminary estimates showed that annual inflation in the eurozone eased to 10% in November, from a record high of 10.6% in October. In the UK, the FTSE gained 0.93% and is now up 2.32% for the year. In Asia, Japan’s Nikkei bucked the trend (down 1.79% week-over-week, down 3.52% YTD) while China stocks rebounded sharply. The Shanghai composite jumped 1.76% (down 13.29% YTD) though data released on Wednesday indicated that Chinese business activity shrank further in November in the wake of a new outbreak of Covid cases. Beijing might scale back its zero-Covid policy after massive protests across the country. Energy sector dragged lower by natural gas prices     Only two S&P sectors finished the week in negative territory. Energy was the worst performer (down 1.97%), pushed lower by US natural gas prices in freefall (-13.47% over the week) following estimates of strong production. Falling yields hit financials (down 0.64%) by contrast with communication services (up 3.31%). Meta Platforms (META), the Facebook parent, was up 10.84% but remains down 63% YTD. Netflix shares (NFLX) also bounced back (up 12.21%).

By Tamara Lowin Senior Municipal Credit Analyst During the remainder of the year, demand for tax-exempt income is expected to continue to outpace the supply of new municipal issuance, increasing the likelihood of solid performance into 2023. Roadblocks to Refunding Continue to Pressure Tax-Exempt Supply The flow of newly issued bonds is the lifeblood of any [...] Read more at ETFtrends.com.

Commercial air travel in the U.S. was incredibly robust last week, with passenger volumes topping or exceeding 2.3 million on most days. Thanksgiving was a major driver of demand, of course, but there may be another reason why travelers were able to board planes consistently throughout the week: remote and hybrid work. Even though most [...] Read more at ETFtrends.com.

By David Schassler Head of Quantitative Investment Solutions Portfolio Manager David Schassler joined a panel of fellow experts to discuss the current outlook for inflation and how real assets can help offset inflationary pressures. Real Assets in Broader Portfolios Real assets are physical or intangible items that have intrinsic value and are not subject to inflationary [...] Read more at ETFtrends.com.

By Sunny Bokhari Associate Product Manager In a time when other major world economies are curtailing fiscal and monetary policy support in an effort to contain inflation, Vietnam is in a position to support its growth. The macroeconomic outlook of Vietnam is bright as the country has witnessed strong domestic consumption, received foreign direct investments (FDI) [...] Read more at ETFtrends.com.

By Christopher Gannatti, CFA Global Head of Research As we write these words, we are roughly halfway through  the month of November 2022. Investors globally remain focused on inflation, the policy path of the U.S. Federal Reserve and the earnings reports of individual companies highlighting their results for the quarterly period ended September 30, 2022. Amongst the many software-as-a-service [...] Read more at ETFtrends.com.

By Natalia Gurushina Chief Economist, Emerging Markets Fixed Income The global slowdown narrative remains intact. Can economic surprises affect policy responses? The Pace of Fed Hikes The global data flow does not challenge the slowdown narrative, but it also shows that the momentum is very uneven – today’s strong labor market report in the U.S. could not have [...] Read more at ETFtrends.com.

Electric vehicles (EV) are a lucrative investment theme, with emerging markets serving a critical function as both the end destination for the cars as well as the location for many companies involved in their manufacture. There are currently many companies involved in the production of EVs and many have viable offerings and ambitious roadmaps. However, [...] Read more at ETFtrends.com.

With big questions about 2023 still looming for investors, investment cases abound for all sorts of approaches, from going all in on dividends to embracing a soft-landing tech rebound. For those who want to maintain some solid equities exposures, but without some of that volatility that may be on the horizon, a multifactor mid-cap ETF [...] Read more at ETFtrends.com.

Investors who are interested in innovative ETF solutions should take a look at ARK Invest’s research process, and how ARK approaches cost decline modeling and company valuations. In the recent webcast, How Autonomous Tech Will Shape the Future, Tasha Keeney, director of investment analysis and institutional strategies at ARK Invest, explained ARK Invest’s Iterative Investment [...] Read more at ETFtrends.com.

Last week, Taiwan Semiconductor Manufacturing Co. founder Morris Chang announced that the company was planning to produce chips with advanced 3-nanometer technology. But now, TSMC will offer advanced 4-nanometer chips when its new $12 billion plant in Arizona opens in 2024. Citing unnamed sources familiar with the matter, Bloomberg is reporting that TSMC is doing [...] Read more at ETFtrends.com.

The small size factor has outperformed in 2022, maintaining strength through November. The weighted average capitalization of most factor indexes is below that of the S&P 500. Other things equal, therefore, most factor indices will benefit from a tailwind when smaller companies outperform, according to S&P Dow Jones Indexes. In November, only six factor indexes [...] Read more at ETFtrends.com.