In recent trading, shares of Alkermes plc (Symbol: ALKS) have crossed above the average analyst 12-month target price of $21.44, changing hands for $21.46/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuati
In recent trading, shares of Prosperity Bancshares Inc. (Symbol: PB) have crossed above the average analyst 12-month target price of $71.50, changing hands for $71.98/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrad
In recent trading, shares of BioNTech SE (Symbol: BNTX) have crossed above the average analyst 12-month target price of $103.33, changing hands for $108.90/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuat
In recent trading, shares of Rexnord Corp (Symbol: RXN) have crossed above the average analyst 12-month target price of $44.60, changing hands for $45.74/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuati
In recent trading, shares of NOV Inc (Symbol: NOV) have crossed above the average analyst 12-month target price of $15.30, changing hands for $15.36/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or
On a recent episode of the DWS’ Insights Lab podcast, Luke Oliver, Head of Systematic Investment Solutions for the Americas, for DWS, discussed the rise of index investing, how DWS creates new ETFs, and what may be next for the industry. Host Rob Bush, Head of U.S. Product Strategy for DWS, gets to the heart [...] Read more at ETFtrends.com.
Whether you’re a true believer or a skeptic, it’s hard to ignore how Bitcoin and other cryptocurrencies performed in 2020. Crypto has gone from the realm of early adopters and fringe enthusiasts to major institutions and wealth managers. In the upcoming webcast, Crypto for Advisors: A Growing Opportunity, Matt Hougan, Global Head of Research, Bitwise [...] Read more at ETFtrends.com.
As the global exchange traded fund market accumulated $7.6 trillion in total assets under management over 2020, actively managed and ESG principles stood supreme. According to TrackInsight data, global investors funneled $80 billion in net inflows to Active ETFs, which grew by 55%, hitting a new high of $273.5 billion in assets. With almost 200 [...] Read more at ETFtrends.com.
The stock indices hit record highs yet again to close off the first week of 2021 and weighed unrest, poor jobs data, and further prospects of economic stimulus. News Recap Both the Dow and S&P 500 closed the week off with four-day win streaks. The Dow climbed 56.84 points, or 0.2%, at 31,097.97. The S&P 500 rose 0.6% [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds retreat Monday as investors braced for the official start of earnings season, and watched how a Democrat-controlled Capitol Hill will wield its power. On Monday, the Invesco QQQ Trust (NASDAQ: QQQ) fell 1.3%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was down 0.3%, and iShares Core S&P 500 [...] Read more at ETFtrends.com.
In trading on Monday, shares of the Vanguard Long-Term Corporate Bond ETF (Symbol: VCLT) entered into oversold territory, changing hands as low as $107.3056 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicat
As we consider the path to potential recovery, exchange traded fund investors should consider a diversified asset allocation strategy for 2021. In the recent webcast, Turn the Page – Asset Allocation in 2021, Dan Phillips, Director Asset Allocation Strategy, Northern Trust Asset Management, pointed out that the economy is rebounding, with business activity picking up [...] Read more at ETFtrends.com.
After surging to a fresh all-time high of almost $42,000 on Friday, Bitcoin prices tumbled more than 25% to $31,000 Monday morning, generating debate over whether the crypto has entered a technical bear market or is just pulling back, even as companies continue to seek approval for a Bitcoin ETF. To be sure, the notorious cryptocurrency has [...] Read more at ETFtrends.com.
Bank stocks have been recovering fast lately from the pandemic-related slump. SPDR S&P Bank ETF KBE, which lost 3% past year, added 37.1% in the past three months on COVID-19 vaccine news. Notably, Pfizer PFE, Moderna MRNA and AstraZeneca AZN have come up with back-to-back
The semiconductor market has held its ground strongly amid the coronavirus mayhem. The PHLX Semiconductor Index has been up 57.3% and the Dow Jones U.S. Semiconductors Index has risen 50.4% over the past year, in comparison to the broader S&P 500 index’s 17.6% increase.
By Roman Chuyan, CFA A View on Stocks and Commodities In this year-end note, I offer a longer-term perspective on US stocks over the past two decades, and what to expect in the 2020’s. Our 7-year model forecasts low return for stocks, and we think commodities will outperform. The pandemic left a dark mark on last [...] Read more at ETFtrends.com.
There’s a renewed strength in the energy sector. Investors can capitalize on renewables with a pair of Invesco ETFs. First up, we have the Invesco S&P SmallCap Energy ETF (PSCE). PSCE seeks to track the investment results (before fees and expenses) of the S&P SmallCap 600® Capped Energy Index (the “underlying index”). The fund generally [...] Read more at ETFtrends.com.
Genomics could be the next big thing in the biotechnology space. Similarly, the Global X Genomics & Biotechnology ETF (GNOM) could be the next big fund, and is already up 10% to start the new year. GNOM seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Genomics Index that [...] Read more at ETFtrends.com.
Vietnam is doing something right. Its economic strength amidst the pandemic has helped funds like the VanEck Vectors Vietnam ETF (VNM), which is up 15% to start the year. “Vietnam’s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting funds, [...] Read more at ETFtrends.com.
A risk-on sentiment is permeating into the capital markets again. Investors can partake in riskier assets like emerging markets more safely with ETFs with a hedging component like the Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM). DBEM seeks investment results that correspond generally to the performance of the MSCI EM US Dollar Hedged Index. [...] Read more at ETFtrends.com.