In recent trading, shares of Crocs Inc (Symbol: CROX) have crossed above the average analyst 12-month target price of $68.44, changing hands for $70.37/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation,
In recent trading, shares of Expedia Group Inc (Symbol: EXPE) have crossed above the average analyst 12-month target price of $125.33, changing hands for $126.74/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on
In recent trading, shares of Ligand Pharmaceuticals Inc (Symbol: LGND) have crossed above the average analyst 12-month target price of $186.00, changing hands for $191.59/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: down
In recent trading, shares of Guardant Health Inc (Symbol: GH) have crossed above the average analyst 12-month target price of $150.00, changing hands for $156.68/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on
Consumer confidence in the United States improved in January after declining in December. It seems like the introduction of another round of stimulus and the beginning of the inoculation process have supported consumers. The Conference Board's measure of consumer confidence index
Tesla (NasdaqGS: TSLA) is already in the S&P 500, but the electric carmaker may not make the cut for exchange traded funds tracking the S&P 500 ESG Index. Tesla has been at the forefront of the electric vehicles industry and broadly associated with clean energy technology, but that does not automatically make it a sustainable [...] Read more at ETFtrends.com.
Airline sector exchange traded funds caught a tailwind Thursday after American Airlines (AAL) beat analysts’ expectations. The U.S. Global Jets ETF (NYSEArca: JETS) increased 3.2% on Thursday. Meanwhile, American Airlines shares advanced 9.3%. AAL makes up 10.1% of JET’s underlying portfolio. American beat analysts’ profit expectations for the fourth quarter of 2020, with earnings per share [...] Read more at ETFtrends.com.
On Thursday, Rosemont, IL-based asset manager TrueMark Investments and Titleist Asset Management launched the TrueShares Low Volatility Equity Income ETF (DIVZ). DIVZ seeks to provide an actively managed, concentrated portfolio comprising 25 to 35 favorably valued companies with attractive dividends that the portfolio managers expect to grow over time. The portfolio is designed to deliver [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds rebounded Thursday on easing fears of a market bubble as investors refocus on quarterly earnings. On Thursday, the Invesco QQQ Trust (NASDAQ: QQQ) rose 1.1%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was up 1.2%, and iShares Core S&P 500 ETF (NYSEArca: IVV) gained 1.2%. Market observers are [...] Read more at ETFtrends.com.
Speculators and retail investors are furious after well-known retail brokerages restricted trading in speculative names like GameStop on Thursday. Robinhood and Interactive Brokers raised margin requirements on certain securities, stating that in some cases, investors would be able to only liquidate existing positions and not initiate any new ones. Hedge fund Melvin Capital closed out its short [...] Read more at ETFtrends.com.
Wall Street had a rough day on Jan 27 as all three major indices plunged. The Dow Jones Industrial Average saw its worst trading day since Oct 28, 2020, declining 2.1%. Going on, witnessing its biggest decline in three months, the S&P 500 index plunged 2.6% on the day. The Na
Stocks and index ETFs are recovering from their biggest one-day losses since October on Wednesday, driven lower by speculative buying in heavily shorted stocks like GameStop. GameStop has been a favorite on the WallStreetBets Reddit chat room, as investors have successfully driven the stock over 300% higher. On Wednesday, the surging stock sank over 20% in [...] Read more at ETFtrends.com.
While 3D printing has been around for a while, its investment potential is still in the early innings. The recent renaissance of the ARK 3D Printing ETF (CBOE: PRNT) is just getting started. PRNT is the first US-listed ETF dedicated to the 3D printing theme. The fund is one of two passively managed products from New York-based [...] Read more at ETFtrends.com.
The WisdomTree Cloud Computing ETF (WCLD) was the star of cloud computing exchange traded funds last year. It has more to give in 2021. The WisdomTree Cloud Computing Fund seeks to track the price and yield performance, before fees and expenses, of the BVP Nasdaq Emerging Cloud Index, an equally weighted index designed to measure [...] Read more at ETFtrends.com.
It’s abundantly clear that the Federal Reserve has no choice but to keep interest rates low for an extended period of time, likely several years. That’s put added emphasis on selecting the right income-generating investments. For advisors seeking quality income assets for client portfolios, the Siegel-WisdomTree Longevity and Siegel-WisdomTree Global Equity Model Portfolios are strategies [...] Read more at ETFtrends.com.
Disruptive growth and innovation are now the cornerstones of many investment strategies. The ALPS Disruptive Technologies ETF (CBOE: DTEC) is a prominent example. DTEC is a relevant consideration over the near-term and over longer holding periods, because significant disruption is already happen in a myriad of industries. Data confirm disruptive and thematic strategies deliver for investors. “This [...] Read more at ETFtrends.com.
Wall Street crashed on Jan 27 with the SPDR S&P 500 ETF Trust SPY, SPDR Dow Jones Industrial Average ETF Trust DIA, the Nasdaq-100 based Invesco QQQ Trust QQQ and the small-cap iShares Russell 2000 ETF IWM losing about 2.4%, 2%, 2.8% and 1.8%, respectively.
Momentum Continues for the Evolving Workplace and Consumer Technological and societal trends are always in motion. Lately, some of the most significant changes are happening directly in our day-to-day with work and life. The workplace has changed dramatically over the years, in almost every way possible, and that was especially true in 2020. How consumers [...] Read more at ETFtrends.com.
Stocks and index ETFs are rallying on Thursday after a steep sell-off on Wednesday, in which the S&P 500 and the Dow Jones Industrial Average tumbled to levels not seen in months. After a more than 100 point drop on Wednesday, the S&P 500 advanced 1.6%, fueled by health care and utilities stocks. Meanwhile, the [...] Read more at ETFtrends.com.
2021 has already been a fickle year for the big banks. The group of JP Morgan, Citigroup, Bank of America, Goldman Sachs, Wells Fargo, and Morgan Stanley mostly reported Q4 earnings and revenue above consensus analyst estimates, keeping with the long-term trend. This time around, only Bank of America, Wells Fargo, and Citigroup came in [...] Read more at ETFtrends.com.