By Nicholas Porter Recent Dollar Trends The U.S. dollar is very much in the limelight of late, with the greenback relentlessly climbing against its developed market peers. The euro to dollar exchange rate (EUR/USD) is closely watched as a gauge of global sentiment and is the most heavily traded currency pair in the world. The [...] Read more at ETFtrends.com.
Municipal bonds have rebounded off their lows, but the munis segment may have bounced back too quickly and could be overpriced relative to Treasuries and other government-related exchange traded funds. Over the past month, the iShares National Muni Bond ETF (NYSEArca: MUB) rose 1.1% while the iShares 7-10 Year Treasury Bond ETF (IEF) gained 0.1%. [...] Read more at ETFtrends.com.
With the Inflation Reduction Act expected to be passed and signed, investors could look to solar sector-related exchange traded funds to capitalize on the increased support for the clean energy industry. “We’re sitting on the precipice of what could be the most impactful climate legislation of our lifetimes,” SunRun CEO Mary Powell told Yahoo Finance [...] Read more at ETFtrends.com.
Investors can turn to thematic exchange traded fund strategies to focus on rising trends in today’s market environment. Jay Jacobs, U.S. head of thematics and active equity ETFs at BlackRock Inc., pointed out that many investors are using thematic ETFs to hedge against inflation and capture rising trends like the rebound in value stocks this [...] Read more at ETFtrends.com.
Nvidia Cop. (NasdaqGS: NVDA) shares plunged, pulling down semiconductor sector-related exchange traded funds after the tech company warned of falling demand for personal computers. On Monday, the iShares PHLX Semiconductor ETF (NasdaqGS: SOXX) decreased 2.5%, the VanEck Vectors Semiconductor ETF (SMH) declined 2.5%, and the Invesco PHLX Semiconductor ETF (SOXQ) fell 2.3%. Meanwhile, Nvidia shares [...] Read more at ETFtrends.com.
It’s the year for alternatives within investing and Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, discussed the outperformance of the iMGP DBi Managed Futures Strategy ETF (DBMF) on “Bloomberg ETF IQ” last week, along with Andrew Beer, co-portfolio manager of DBMF and managing member of Dynamic Beta investments, the sub-advisor of the fund. DBMF is [...] Read more at ETFtrends.com.
Paytm is on track to become the first internet company in India to hit $1 billion in annual revenue by the end of its fiscal year in March. The digital payment company is also shifting its focus to profitability from growth. “We’re earnestly chasing the $1 billion goal,” said founder and CEO Vijay Shekhar Sharma [...] Read more at ETFtrends.com.
Editor’s note: Any and all references to timeframes longer than one trading day are for purposes of market context only, and not recommendations of any holding timeframe. Daily rebalancing ETFs are not meant to be held unmonitored for long periods. If you don’t have the resources, time or inclination to constantly monitor and manage your positions, [...] Read more at ETFtrends.com.
The July jobs report was far better than expected and showed more than half a million jobs created over the month, which economists point to as a troubling sign for the Federal Reserve’s attempt to tame inflation. The red-hot report overall shows that the Fed’s four interest-rate increases this year have so far done little [...] Read more at ETFtrends.com.
In trading on Monday, shares of the The Health Care Select Sector SPDR Fund ETF (Symbol: XLV) crossed above their 200 day moving average of $132.21, changing hands as high as $132.63 per share. The Health Care Select Sector SPDR Fund shares are currently trading up about 0.2%
In trading on Monday, shares of the Invesco S&P SmallCap 600 Revenue ETF (Symbol: RWJ) crossed above their 200 day moving average of $116.89, changing hands as high as $117.03 per share. Invesco S&P SmallCap 600 Revenue shares are currently trading up about 1.6% on the
Even as a risk-off sentiment emerged in July, interest in U.S. equity ETFs offering attractive dividends surged during the month. The ALPS O’Shares U.S. Quality Dividend ETF (OUSA) is an ideal fit for investors looking for a core investment holding that provides cost-efficient access to a portfolio of large-cap and mid-cap high-quality, low-volatility, dividend-paying companies [...] Read more at ETFtrends.com.
As investors digested both the Fed’s decision to raise interest rates by another 75 basis points and the news that U.S. economic growth declined in the second quarter, a significant yield curve inversion—perhaps the strongest harbinger yet of an impending recession—went largely unnoticed. The yield on the two-year U.S. Treasury note now stands at 2.85% [...] Read more at ETFtrends.com.
Energy-related exchange traded funds strengthened Monday as investors focused on a more optimistic outlook for the crude oil market. On Monday, the United States Oil Fund (USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (BNO), which tracks Brent crude oil futures, were up 2.1% and 1.8%, respectively. [...] Read more at ETFtrends.com.
As the discussion in April turned to how much the Federal Reserve was going to raise interest rates, Spectrum Asset Management founder, president, and CEO Mark Lieb said that the preferred and capital securities markets have “gotten oversold,” with preferred securities “trading around the same level as municipal bonds.” Speaking with NYSE’s Judy Shaw for [...] Read more at ETFtrends.com.
Governmental support for environmental initiatives in the U.S. is finally on the cusp of becoming a reality with the passage by the Senate of the Inflation Reduction Bill on Sunday, August 7. The bill addresses a host of topics, including inflation, taxation for corporations, healthcare regulations for prescription prices within Medicare, and a huge focus [...] Read more at ETFtrends.com.
With the Senate passing the previously presumed dead Inflation Reduction Act, the U.S. is one step closer to reducing greenhouse gases by 40% below 2005 levels by 2030. The bill includes $369 billion in climate and energy provisions. While less than the $550 billion originally envisioned as part of the $2.2 trillion Build Back Better [...] Read more at ETFtrends.com.
CVS Health Corp (CVS) is seeking to buy Signify Health Inc. (SGFY) as it looks to expand in-home health services, the Wall Street Journal reported on Sunday, citing sources. Signify Health is exploring strategic alternatives including a sale, the Wall Street Journal reported this past week. Initial bids are due this coming week, and CVS [...] Read more at ETFtrends.com.
Logan Capital, an independent, privately owned Registered Investment Advisor, has launched its first exchange-traded fund (ETF), the Logan Capital Broad Innovative Growth ETF (NYSE Arca: LCLG). The ETF employs a multi-factor ranking algorithm to analyze and select securities. LCLG seeks companies applying innovative technologies and ideas to common business models to gain a competitive advantage. [...] Read more at ETFtrends.com.
The United States Fund Finder & ETF Screener (NZUS) is seeing unusually high volume in afternoon trading Monday, with over 2.1 million shares traded versus three month average volume of about 34,000. Shares of NZUS were down about 0.3% on the day.