In trading on Wednesday, the Gold Miners ETF is outperforming other ETFs, up about 3.1% on the day. Components of that ETF showing particular strength include shares of Barrick Gold, up about 8.2% and shares of Harmony Gold Mining, up about 5.8% on the day.
In an about-face that has surprised many analysts, the Chinese state is injecting money into the development of the metaverse in an effort to put China at the center of the next phase in the internet, reports the Financial Times. Both state-backed entities and local governments within China are giving financial support and credence to the [...] Read more at ETFtrends.com.
Global economies are running on historically low inventories of some of the most important raw materials that keep things going. With an ongoing disparity in demand and supply that continues to flame inflationary pressures, investors can focus on some targeted commodities-related exchange traded funds to capitalize on the shortages. The supply problems are particularly noticeable [...] Read more at ETFtrends.com.
As investors look for opportunities in a volatile market environment, some may turn to Chinese equities and country-specific exchange traded funds. JPMorgan Asset Management’s Gabriela Santos argued that portfolio managers will be hard-pressed to outperform in increasingly volatile markets and expressed belief that investing in China could give them an edge, Bloomberg reports. “Volatility is [...] Read more at ETFtrends.com.
Energy markets and related exchange traded funds slipped on Tuesday, with crude oil prices falling off from seven-year highs as Russia began to send some troops back to base. Additionally, the Energy Select Sector SPDR (NYSEArca: XLE) fell 1.1%, the Vanguard Energy ETF (NYSEArca: VDE) dropped 1.2%, the iShares U.S. Energy ETF (NYSEArca: IYE) was down [...] Read more at ETFtrends.com.
In trading on Tuesday, shares of the Vanguard Materials ETF (Symbol: VAW) crossed above their 200 day moving average of $185.99, changing hands as high as $186.35 per share. Vanguard Materials shares are currently trading up about 2% on the day. The chart below shows the one
In trading on Tuesday, shares of the DRIV ETF (Symbol: DRIV) crossed above their 200 day moving average of $28.77, changing hands as high as $28.91 per share. DRIV shares are currently trading up about 4.2% on the day. The chart below shows the one year performance of DRIV sh
Nvidia (NasdaqGS: NVDA) surged on Tuesday, lifting semiconductor sector-related exchange traded funds, as traders took an optimistic bet on the chipmaker ahead of its earnings release. On Tuesday, the iShares PHLX Semiconductor ETF (NasdaqGS: SOXX) gained 4.8% and the VanEck Vectors Semiconductor ETF (SMH) rose 4.6%. Meanwhile, Nvidia shares increased 8.2% on Tuesday. NVDA makes up [...] Read more at ETFtrends.com.
TC Energy reported strong earnings in 2021 while also progressing energy transition initiatives. TC Energy is found in many energy infrastructure portfolios, including the Alerian Energy Infrastructure ETF (ENFR), in which the energy company is weighted at 7.59%, putting it in the top three holdings. TC Energy’s board of directors declared a quarterly dividend of [...] Read more at ETFtrends.com.
As tensions continue between Russia and Ukraine, there are ways that this is reflecting on the market. ETF Trends’ Dave Nadig joins hosts Alexis Christoforous and Karina Mitchell on Yahoo Finance’s “ETF Report” to talk all about the recent trends concerning this very subject and what investors and advisors can look into to adjust accordingly. [...] Read more at ETFtrends.com.
A dividend ETF can be an ideal alternative for investors looking to extract that extra slice of yield, especially in the current market. International dividend ETFs work much like their domestic high-dividend counterparts. The primary discerning feature is that they simply invest in international companies instead of those domiciled in the U.S. Non-U.S. equities compose [...] Read more at ETFtrends.com.
Russia has recently announced that it is withdrawing some of its troops amassed around the border of Ukraine. Cryptocurrencies climbed on the news, with bitcoin gaining 4% early in the day and ether rising 7%. Despite this positive news, geopolitical tension is still high in the region, with Russia noting that it would still keep [...] Read more at ETFtrends.com.
Growth stocks and related exchange traded funds jumped on Tuesday on a geopolitical relief rally in response to signs of de-escalation in tensions between Russia and Ukraine. Russia stated that some of its units were returning to base after ending military exercises near Ukraine and urged continued dialogue on security for the region, Reuters reports. “This [...] Read more at ETFtrends.com.
The Super Bowl is an exciting time for fans across the country, and commercials that air during the game come at a premium and generally highlight major consumer trends of the moment. Of the eight car commercials that aired during Sunday night’s Super Bowl, six were for electric vehicles, reflecting both the growing interest by [...] Read more at ETFtrends.com.
When Anna N’Jie-Konte was looking to become a financial advisor at RBC Wealth Management, she discovered a problem within the broker-dealer industry. “I wanted to help people who were not rich yet,” she said. “And that’s not compatible with the broker-dealer wire house area.” So, she left to start her own company to help people [...] Read more at ETFtrends.com.
The Invesco S&P MidCap Momentum ETF is seeing unusually high volume in afternoon trading Tuesday, with over 460,000 shares traded versus three month average volume of about 64,000. Shares of XMMO were up about 2.3% on the day.
The outlook for merger arbitrage continues to look constructive with robust deal pipelines. The largest deal announcement, as of January, has been Microsoft’s bid to acquire gaming company Activision in an all-cash deal valued at $68.7 billion. The deal is currently trading at an unusually large spread of approximately 20% annualized with a market implied [...] Read more at ETFtrends.com.
UMC Health System in Lubbock, Texas, has selected a comprehensive portfolio of advanced services solutions provided by Omnicell Inc. to support key pharmacy initiatives, including acute care, outpatient, retail, and 340B program strategies. Per the press release issued on Monday by Omnicell (OMCL), a provider of medication management and adherence tools for health systems and [...] Read more at ETFtrends.com.
Rising inflation took a large bucket of volatility and dumped it all over the major stock market indexes, especially the tech sector. Bitcoin can’t be tagged as a low-volatility asset, but the leading cryptocurrency has been fluctuating less than tech stocks lately. It’s interesting to note that over time, bitcoin’s volatility has actually been less. [...] Read more at ETFtrends.com.
Rising interest rates could translate into a stronger greenback, which typically spells doom for emerging markets (EM). That’s why it’s helpful to get some built-in volatility protection with ETFs like the Invesco S&P Emerging Markets Low Volatility ETF (EELV). The EM market, in particular, comes with its own set of nuances that a prospective investor [...] Read more at ETFtrends.com.