A chip shortage is threatening to slash revenues for automakers, but electric vehicles may see a much smaller speedbump with assets like the SmartETFs Smart Transportation & Technology ETF (MOTO). As of now, however, the automotive industry must overcome a near-term obstacle. The global industry could take a $110 billion hit in revenue this year [...] Read more at ETFtrends.com.
The annual inflation rate in the United States jumped to 4.2% in April 2021 from 2.6% in March and well above market forecasts of 3.6%. It marked the highest reading since September 2008, thanks to the surge in pent-up demand amid economic reopening. Surging commodity prices and
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
The latest update on U.S. manufacturing output looks impressive as the plants that were impacted by February's severe weather conditions in the south central region became operational in April. Per the Fed’s recently-released data, total industrial production rose 0.7% in Apr
On this week’s ETF Edge, ETF Trends’ CIO and Director of Research, Dave Nadig, and host Bob Pisani were joined by investment legend Charles Ellis, founder of Greenwich Associates and author of “Winning the Loser’s Game,” to talk about the retail investing rush, among other topics, and how it changes the active vs. passive debate. [...] Read more at ETFtrends.com.
In a stubbornly low interest rate environment, investors are finding it difficult to balance yield generation and rate risk exposure. Benchmark bond indices just aren’t cutting it. In the upcoming webcast, Need Better Bonds? The Case for Active Management, Kenneth Herold, Senior Vice President and Director of the Investment Strategies Group, Natixis Investment Managers; and [...] Read more at ETFtrends.com.
The Securities and Exchange Commission is starting to scrutinize whether or not companies are properly disclosing their involvement in environmental, social, and governance issues. SEC Chairman Gary Gensler wants to charge companies who aren’t properly handling ESG disclosures, such as issues regarding “conflict minerals,” or whether companies import raw materials from countries that use the [...] Read more at ETFtrends.com.
The Walt Disney Company DIS reported decent second-quarter fiscal 2021 results on May 13. Earnings beat the Zacks Consensus Estimate and rose year over year. However, hurt by the coronavirus crisis, revenues missed the consensus estimate and declined year over year. Shares of Di
The dollar took a step back as a result of weaker-than-expected retail sales data last week, propping up leveraged gold miner funds and the Direxion Daily Jr Gold Miners Bull 3X ETF (JNUG) and the Direxion Daily Gold Miners Bull 3X ETF (NUGT). “Gold prices continued to rally as the dollar eased in the wake of [...] Read more at ETFtrends.com.
In trading on Monday, shares of the Junior Gold Miners ETF (Symbol: GDXJ) crossed above their 200 day moving average of $52.90, changing hands as high as $54.36 per share. Junior Gold Miners shares are currently trading up about 5.3% on the day. The chart below shows the one
With the deployment of a vaccine and some businesses easing off on restrictions, investors can play the re-opening with the Invesco Dynamic Leisure and Entertainment ETF (PEJ). An injection of stimulus dollars is helping to fund more discretionary income for leisure and entertainment activities. The fund is up 10% for the year and 72% the [...] Read more at ETFtrends.com.
As U.S. markets tumbled again on signs of inflationary pressures, investors worried about continued volatility can consider a targeted ETF strategy. Investors are refocused on the recent spike in inflation and whether or not rising consumer prices will stick around. Many are worried that the prolonged period of faster growth in prices could push the [...] Read more at ETFtrends.com.
By David Dziekanski, Portfolio Manager and Michael Venuto, CIO, Toroso Asset Management Embrace the Chaos The results of fiscal policy are starting to come through the economist statistics, and they appear to be very strong. We are going to get some sort of infrastructure bill, and likely a less than anticipated tax increase. Now that [...] Read more at ETFtrends.com.
Proving the potency of the small cap value combination, the Invesco S&P SmallCap 600 Pure Value ETF (RZV) is up over 41% year-to-date. That’s a big gain in a short amount of time, but it doesn’t imply RZV’s upside from here is limited. In fact, there are reasons to believe to that the current value [...] Read more at ETFtrends.com.
As sustainable investing evolves and grows, so are the concepts that credibly wear the “sustainability” tag. It may surprise some investors to learn that the expansion includes assets like the ARK Fintech Innovation ETF (NYSEARCA: ARKF). Sustainability is often viewed through the lens of environmental awareness and related investments and, to a lesser extent, concepts [...] Read more at ETFtrends.com.
Stocks and index ETFs started the week with losses, as the technology sector drove the major benchmarks lower under Monday, adding to the downside pressure from the prior week’s higher-than-expected inflation readings. The Dow Jones Industrial Average and the S&P 500 fell 0.6% apiece, while as the tech sector pulled back 0.7%. The Nasdaq Composite continued [...] Read more at ETFtrends.com.
The disruptive growth label, a group often seen as the next generation of innovators, is struggling. On the upside, past economic cycles confirm that investment factors themselves move in and out of style, meaning it’s likely that growth’s laggard status is temporary. Advisors can position for a disruptive resurgence with the WisdomTree Disruptive Growth Model [...] Read more at ETFtrends.com.
Wall Street was downbeat last week with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 losing about 1.4%, 1.1%, 2.3% and 2.1%, respectively. Downbeat economic datapoints for jobs, manufacturing data and retail sales weighed on investors’ sentiments
The Invesco Dynamic Media ETF is seeing unusually high volume in afternoon trading Monday, with over 390,000 shares traded versus three month average volume of about 28,000. Shares of PBS were off about 1.1% on the day.
In trading on Monday, the Silver Miners ETF is outperforming other ETFs, up about 4.5% on the day. Components of that ETF showing particular strength include shares of Hecla Mining, up about 13.6% and shares of Endeavour Silver, up about 9.6% on the day.