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

By DeFred Folts III, Managing Partner Chief Investment Strategist, and Eric Biegeleisen, CFA® Partner, Deputy Chief Investment Officer Equities: ▶ U.S. Equities: U.S. equities continued to stumble in June, delivering the worst first half of year performance for the S&P 500 in over 50 years. Concerns remain regarding Fed interest rate hikes alongside quantitative tightening [...] Read more at ETFtrends.com.

U.S. equity funds and stock exchange traded funds suffered an unprecedented slump in net assets over the second quarter of 2022 as markets retreated in face of surging inflationary pressures and growing fears that an increasingly hawkish Federal Reserve would send the economy into a recession. According to Refinitiv Lipper data, U.S. equity funds’ net [...] Read more at ETFtrends.com.

The first half of 2022 will go down in the record books as the worst S&P 500 performance since 1970 and the worst 6-month start to the year for Treasuries since 1788 according to Deutsche Bank analysts. The culprit behind all of this? None other than the US Federal Reserve, which, despite all its academic [...] Read more at ETFtrends.com.

Over the next few weeks, a steady stream of second-quarter earnings reports will reveal how companies have navigated historically high inflation, continued supply chain challenges, and shifts in consumer spending from goods to services. Perhaps more important – those companies may offer guidance on their outlook for these and other key concerns for the rest [...] Read more at ETFtrends.com.

Financial technology stocks and sector-related exchange traded funds have taken a beating as the risk of a recession and the sell-off in the growth style weighed on the nascent industry. However, some continue to maintain their long-term outlook on a potentially oversold market segment. Year-to-date, the ARK Fintech Innovation ETF (ARKF) declined 60.2% and the [...] Read more at ETFtrends.com.

As the energy crisis in Europe intensifies and threatens to derail the region’s economy, traders can turn to a bearish or inverse exchange traded fund strategy to hedge against further weakness in the Eurozone markets. Russia’s Gazprom warned its customers in Europe that it cannot guarantee gas supplies due to “extraordinary” circumstances, Reuters reported. According [...] Read more at ETFtrends.com.

The Alerian Midstream Energy Select Index (AMEI), the underlying index for the Alerian Energy Infrastructure ETF (ENFR), fell by 13.19% in June as increased recession fears weighed on energy sentiment, while profit-taking into quarter-end and a pullback in commodity prices also contributed to the selloff, ALPS wrote in a recent insight. Energy equities, including midstream, [...] Read more at ETFtrends.com.

The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD) was Invesco’s most popular equal-weight sector ETF last month, as measured by June net inflows.  The S&P 500 EWI outperformed the S&P 500 by 2% during Q2, continuing equal weight’s trailing 12-month relative outperformance, according to S&P Dow Jones Indices. Eight out of 11 equal-weight [...] Read more at ETFtrends.com.

Natural gas-related exchange traded funds climbed Monday as forecasts for hotter temperatures ahead helped fuel the electricity demand outlook for cooling. The United States Natural Gas Fund (UNG) rose 5.1% on Monday. Meanwhile, Nymex natural gas futures were up 5.2% to $7.38 per million British thermal units. While weather models over the weekend moderated slightly in [...] Read more at ETFtrends.com.

After pulling back significantly in recent days, crude oil and crude ETFs are surging higher on Monday, amid growing concerns over gas supply from Russia and a drop in the dollar, which is helping to overshadow demand worries related to a potential recession and China lockdowns related to the coronavirus. Brent crude futures for September [...] Read more at ETFtrends.com.

In a poll taken in June at Mercer’s Global Investment Forum U.S., asset managers and asset owners globally reported uncertainty about the direction the global economy is going, a sentiment that has been reflected in volatile markets for most of 2022. Over 350 asset owners and asset managers were polled, according to the press release, [...] Read more at ETFtrends.com.

Cryptocurrency industry-related exchange traded funds surged Monday after bitcoin rallied for a fourth consecutive day and broke back above $22,000 in a month. Among the best performing non-leveraged ETFs of Monday, the Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (RIGZ) was up 9.3%, the Global X Blockchain ETF (BKCH) increased 12.6%, the VanEck Vectors Digital [...] Read more at ETFtrends.com.

Investing in emerging markets has seen many challenges this year, from the war in Ukraine to a strong U.S. dollar to regulatory crackdowns in China. Despite these headwinds, emerging markets fundamentals are in a good position, especially as higher commodity prices have improved the terms of trade for commodity-exporting countries. In fact, not only the [...] Read more at ETFtrends.com.

In talking about climate change, UN Secretary General António Guterres told leaders from 40 countries, “half of humanity is in the danger zone from floods, droughts, extreme storms, and wildfires. No nation is immune. Yet we continue to feed our fossil fuel addiction. We have a choice. Collective action or collective suicide. It is in [...] Read more at ETFtrends.com.

The Invesco Russell 1000 Equal Weight ETF is seeing unusually high volume in afternoon trading Monday, with over 1.4 million shares traded versus three month average volume of about 77,000. Shares of EQAL were up about 1% on the day.

While emerging markets are frequently volatile, and the recent headlines they’ve generated lately have often been negative, there’s still a lot going for the space — especially for long-term investors. The potential for steady income, access to companies with huge growth potential, and great prices. At Morningstar UK, Annalisa Esposito outlines the main reasons why [...] Read more at ETFtrends.com.

It’s the first full week of earnings reports as major banks continue to report their second quarter performance and economic outlook for the second half, having kicked off last week with mixed performances from Morgan Stanley and JPMorgan Chase. Major companies begin reporting this week and in a season of prolonged market volatility, earnings are [...] Read more at ETFtrends.com.

Shares of Unity Software traded down more than 17% last Wednesday. The decrease followed the San Francisco-based video game software developer announcing a $4.4 billion all-stock merger agreement with mobile app advertising and monetization platform, ironSource, ARK Invest wrote in a recent insight.  By midday Monday, the stock began its rebound and is up over [...] Read more at ETFtrends.com.