The coronavirus pandemic has driven the tech sector to a new height. The requirement of social distancing changed the consumer lifestyle to a purely digital one. The work-learn-shop-and-entertainment from home trend has made tech stocks investors’ darlings this year.
The first half of 2020 was marked by huge volatility mainly triggered by the COVID-19 outbreak, which had pushed the U.S. stock market into a bear territory in late March. However, the stocks staged an impressive comeback from the lows with the Nasdaq Composite Index hitting new
The iShares Global Financials ETF is seeing unusually high volume in afternoon trading Wednesday, with over 465,000 shares traded versus three month average volume of about 46,000. Shares of IXG were down about 3.4% on the day.
In trading on Wednesday, the SPDR— Wells Fargo— Preferred Stock ETF is outperforming other ETFs, off about 0.7% on the day. Components of that ETF showing particular strength include shares of Office Properties Income Trust, up about 0.4% and shares of Equitable Holdings,
In trading on Wednesday, shares of the Vanguard FTSE Pacific ETF (Symbol: VPL) crossed below their 200 day moving average of $64.46, changing hands as low as $64.28 per share. Vanguard FTSE Pacific shares are currently trading off about 1.1% on the day. The chart below shows
In trading on Wednesday, shares of the Vanguard Mid-Cap ETF (Symbol: VO) crossed below their 200 day moving average of $164.01, changing hands as low as $162.75 per share. Vanguard Mid-Cap shares are currently trading down about 1.6% on the day. The chart below shows the one
In trading on Wednesday, shares of the The Materials Select Sector SPDR— Fund ETF (Symbol: XLB) crossed below their 200 day moving average of $55.77, changing hands as low as $55.11 per share. The Materials Select Sector SPDR— Fund shares are currently trading off about 1
Oil was the most volatile commodity with wild swings in the second quarter. Price of oil collapsed to below zero (to negative $40) on Apr 20 for the first time ever as the economic turmoil caused by the coronavirus pandemic has resulted in crashing demand and rising stockpiles (
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— Dow Jones— Industrial Average ETF Trust (Symbol: DIA) where we have detected an approximate $379.2 million dollar inflow -- that's a 1.8%
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $1.0 billion dollar inflow -- that's a 0.9% increase week over week in outstanding
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 1-3 Year Treasury Bond ETF (Symbol: SHY) where we have detected an approximate $190.4 million dollar inflow -- that's a 0.8% increase week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares TIPS Bond ETF (Symbol: TIP) where we have detected an approximate $319.6 million dollar inflow -- that's a 1.6% 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 SPDR— S&P— Aerospace & Defense ETF (Symbol: XAR) where we have detected an approximate $128.8 million dollar inflow -- that's a 9.1% in
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the JPST ETF (Symbol: JPST) where we have detected an approximate $324.8 million dollar inflow -- that's a 2.7% increase week over week in outstanding
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Financial Select Sector SPDR Fund, where 83,500,000 units were destroyed, or a 10.4% decrease week over week. Among the largest under
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares ProShares UltraPro Short QQQ, which added 15,900,000 units, or a 12.7% increase week over week.
In recent trading, shares of Microsoft Corporation (Symbol: MSFT) have crossed above the average analyst 12-month target price of $201.26, changing hands for $201.91/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 Plug Power Inc (Symbol: PLUG) have crossed above the average analyst 12-month target price of $6.38, changing hands for $6.43/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valua