Energy-related exchange traded funds rallied Tuesday after Saudi Arabia and some other Organization of Petroleum Exporting Countries hinted that they could curtail crude oil production to help stabilize prices at an elevated level. Among the best-performing non-leveraged ETFs on Tuesday, the SPDR Oil & Gas Equipment & Services ETF (XES) advanced 4.2%, the iShares U.S. [...] Read more at ETFtrends.com.
The Integrity Council for the Voluntary Carbon Market (ICVCM), an independent governing body that oversees the governance of the voluntary carbon market, continues to bring definition and structure to voluntary markets through the latest draft release of its Core Carbon Principles (CCPs). It’s a move that could equate to long-term upward price momentum for the [...] Read more at ETFtrends.com.
Lara Crigger, VettaFi editor-in-chief, appeared on TD Ameritrade Network to discuss clean energy. “We’ve seen research spiking on the VettaFi platform for clean energy ETFs over the past month or so, ever since the Inflation Reduction Act came back to life,” Crigger said, pointing to the surging performance in the space, where some clean energy [...] Read more at ETFtrends.com.
VettaFi editor-in-chief Lara Crigger appeared on “The Money Show” as part of a virtual expo with BlackRock’s Jay Jacob titled “Fireside Chat With Jay Jacobs: Things to Watch Amid the Uncertain Economic Outlook.” 2022 has been a challenging landscape for investors. Volatility is persisting throughout the equity markets, especially in the thematic space. “There have [...] Read more at ETFtrends.com.
Weekly Update Markets retreated Friday, following a touch of the 200-day moving average a few days prior. Major moving averages, such as the 200-day moving average of price, can often behave as support or resistance for a security or index. In this case, it appears that the moving average played some defense against the rising [...] Read more at ETFtrends.com.
As ESG continues to gain importance with investors, it’s essential for advisors to be prudent in choosing which funds to invest in. Advisors looking for an ESG fund to serve as a portfolio’s core equity holding should consider the Invesco ESG S&P 500 Equal Weight ETF (RSPE), which deploys a unique equal-weight methodology and rigorous [...] Read more at ETFtrends.com.
Top Performing Levered/Inverse ETFs Last Week These were last week’s top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly. Always do your homework. Ticker Name 1 Week Return (GDXD ) MicroSectors Gold Miners -3X Inverse Leveraged ETNs 25.74% (LABD B) Direxion Daily S&P Biotech Bear 3x Shares 22.77% (JDST A) [...] Read more at ETFtrends.com.
Tom Lydon appeared on “Mornings with Maria” with Fox Business’ Maria Bartiromo, to talk about the state of the markets. After a rocky start to the year, the markets have roared back to life. Lydon observed, “The first four months, people were selling growth, they were selling long bonds, but since the low in [...] Read more at ETFtrends.com.
There is merit in small cap investment, but playing it smart, particularly in a bear market or potential recession, could provide upside benefits once a rebound begins while adding diversification opportunities to the portfolio. Small-cap stocks tend to be more volatile than their large-cap peers, but volatility isn’t always a negative regarding portfolios. Small caps [...] Read more at ETFtrends.com.
China’s real estate woes have been splashed across global media headlines since the end of last year, but aside from the sensational coverage surrounding default risk, the collapse of Evergrande, and non-payments by Chinese mortgage owners, little else is known outside of mainland China about the beleaguered sector. David Gan, senior credit analyst at Nikko [...] Read more at ETFtrends.com.
Armada ETF Advisors today announced the appointment of Phil Bak as CEO. In his new role, Bak, who served as advisory board chairman since November 2021, will build on the firm’s standing as a thought leader in REIT investing, including driving the strategic direction and operation of the Home Appreciation U.S. REIT ETF (HAUS). Armada [...] Read more at ETFtrends.com.
The much-ballyhooed Inflation Reduction Act is now law, and related headlines are having positive impacts on clean energy stocks and exchange traded funds. Take the case of the SPDR Kensho Clean Power ETF (CNRG). That ETF is on a scorching pace, up more than 21% over the past month — a run confirming its leverage to the Inflation [...] Read more at ETFtrends.com.
The ALPS O’Shares U.S. Quality Dividend ETF (OUSA) gained 0.17% last week, outperforming the S&P 500 and Russell 1000 Value Index, which ended the week in the red, as volatility increased within U.S. equities amid rising long-term interest rates. OUSA’s overweight within defensive sectors, including healthcare and consumer staples sectors, helped propel the fund’s relative [...] Read more at ETFtrends.com.
Over the last two years, markets have endured a global pandemic, war in Ukraine, rising inflation, and monetary tightening. But while the geopolitical and economic backdrop is driving market volatility, Scott Berg, portfolio manager for the T. Rowe Price Global Growth Equity Strategy, wrote in a white paper that, through active management, the firm can [...] Read more at ETFtrends.com.
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Exxon Mobil Corp (Symbol: XOM) has taken over the #294 spot from Devon Energy Corp. (Symbol: DVN), according to ETF Channel. Below is a chart of Exxon Mobil Corp ve
A study of analyst recommendations at the major brokerages shows that Dow Inc (Symbol: DOW) is the #26 broker pick, on average, out of the 30 stocks making up the Dow Jones Industrial Average, according to ETF Channel. Within the broader S&P 500, when components were ranke
The strong U.S. dollar continues to curb any momentum gold can muster, as the precious metal tumbled 3% last week after looking like it might shake out of its summer slump. Strength in the dollar makes overseas gold purchases more expensive, reduces demand, and drives gold prices down. Bloomberg Intelligence sees another possible reason for [...] Read more at ETFtrends.com.
It’s been nothing short of a heated rally for equities and bonds so far this summer, but that could change as the weather turns colder. As talks of a recession become more amplified, a divergence could occur, putting bonds ahead of stocks. According to a Bloomberg article, a strong July for equities saw a 12% [...] Read more at ETFtrends.com.
The stock market rally could be giving way to a more sustained rally for the bond market. The latest activity in the Direxion Daily 20+ Yr Trsy Bear 3X ETF (TMV) could be hinting at just that. The fund is up about 8% the last few months in what could be a potential signal that the [...] Read more at ETFtrends.com.
VettaFi editor-in-chief Lara Crigger appeared on “ETF IQ” with Taylor Riggs and Katie Greifeld to discuss the changing market environment, blockchain ETFs, clean energy, and more. “Now that rates are back on the rise, fixed income is actually providing income again, and so folks are looking to build out their fixed income portfolios,” Crigger [...] Read more at ETFtrends.com.