Cannabis stocks have been soaring lately on the news that Joe Biden's transition has formally started. Biden’s victory in the U.S. presidential election could speed up the legalization of marijuana at the federal level, thereby providing a boost to the U.S. cannabis industry.
A deluge of investor capital is piling into metals, and it’s not necessarily those of the precious variety. Industrial metals such as copper are rallying too, feeding into strength for ETFs like the Global X Copper Miners ETF (COPX). The latest rally comes as market uncertainty is starting to dissipate. With positivity surrounding a vaccine [...] Read more at ETFtrends.com.
The municipal bond space is already seeing heightened interest thanks to a Joe Biden presidential victory, which has debt market analysts forecasting more gains for municipal bonds due to future tax hikes. ETF investors looking to get on the short end of the yield curve for munis can look at funds like the VanEck Vectors [...] Read more at ETFtrends.com.
Big oil has been in pole position in the energy sector since the dawn of time, but the sector is evolving. Energy could soon be headed by renewable energy sources, which will continue to feed into sector strength and funds like the Direxion Daily Energy Bull 3X Shares (NYSEArca: ERX) . A Wall Street Journal article captured [...] Read more at ETFtrends.com.
Stocks and index ETFs are breaking new ground again on Tuesday, scrambling back from posting losses earlier in the day, as enthusiasm around the Pfizer vaccine rollout is spurring investors. The S&P 500 gained 0.3% to reach a record high, where it breached the 3,700 level for the first time. The Nasdaq Composite also chartered [...] Read more at ETFtrends.com.
The municipal bond space continues to be a hot subsector in the debt markets, fueled by an incoming Biden administration that is expected to hike taxes. ETF investors can now get state-specific exposure to the municipal bond market in California via the Invesco California AMT-Free Municipal Bond ETF (PWZ). The Invesco California AMT-Free Municipal Bond [...] Read more at ETFtrends.com.
It seems that the coronavirus blues of the energy sector are slowly passing away. The coronavirus-led global slowdown weighed on oil demand at the start of this year following lockdowns but back-to-back vaccine news boosted the global markets in November as well as brightened th
On Tuesday, Inspire Investing, a leading provider of biblically responsible, faith-based ESG investments, launched two actively-managed large and mid-cap funds. The Inspire Faithward Large Cap Momentum ESG ETF (FEVR) and the Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) are naturally focused on biblically aligned stocks to perform as designed. FEVR seeks to maximize growth with lower volatility than [...] Read more at ETFtrends.com.
Small-cap market strength could lead an economic recovery in 2021 as evidenced by the Russell 2000’s recent run higher in November. Small-caps can also be a value-oriented proposition since they don’t get the limelight of their larger-cap counterparts, which could feed into strength for ETFs like the iShares Russell 2000 Value ETF (IWN). IWN seeks [...] Read more at ETFtrends.com.
With a vaccine looming and a new U.S. president ready for installation in the White House, it might seem that good times are ready to roll again. That might be the case for equities, but the U.S. dollar is struggling. A hedging component is necessary for further drawdowns, and an asset like the Xtrackers MSCI [...] Read more at ETFtrends.com.
Bolstered by positioning that includes exposure to companies fighting the coronavirus pandemic, the Principal Healthcare Innovators Index ETF (BTEC) is a pleasant surprise among healthcare exchange traded funds this year. Many market observers remain bullish on the healthcare sector’s prospects for 2021. BTEC’s good fortune could just be getting started. BTEC seeks to provide investment [...] Read more at ETFtrends.com.
Cashless payments, cryptocurrencies, and digital wallets are among the catalysts propelling stocks such as PayPal and and Square (NYSE: SQ). The Fintech Innovation ETF (NYSEARCA: ARKF) is profiting too. The actively managed ARKF is up 99% year-to-date, making it the king of fintech exchange traded funds in terms of performance. Investors that missed out on this [...] Read more at ETFtrends.com.
The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Tuesday, with over 289,000 shares traded versus three month average volume of about 35,000. Shares of SPYX were trading flat on the day.
Positioning in U.S. stocks is flashing a short-term warning sign as the market hits record highs and shrugs off rising Covid cases, lockdowns and weaker economic data. Horizon Investments is noticing rising retail investor demand for call options. That demand is similar to what was observed in August just ahead of the September pullback in stocks. [...] Read more at ETFtrends.com.
With many Americans working or attending school at home, cloud computing investments have soared. Some of the best performing non-leveraged ETFs in 2020 have cloud in their names, as the stocks inside have climbed higher. Year-to-date through November, WCLD skyrocketed 92%, while peers Wedbush ETFMG Global Cloud Computing Technology ETF (IVES), Global X Cloud Computing [...] Read more at ETFtrends.com.
Net inflows to Broad ESG ETFs, which focus on environmental, social and governance metrics, more than tripled in the first 11 months of 2020 according to CFRA relative to 2019 led by $9.3 billion into the strong performing iShares ESG Aware MSCI USA ETF (ESGU). ESG ETF supply and demand also accelerated in 2020. The [...] Read more at ETFtrends.com.
The tech-heavy Nasdaq Composite Index hit an all-time high on Dec 7, with a new round of COVID-19 restrictions amid surging infections.According to a CNBC analysis of Johns Hopkins data, the United States has reported a record-high average of more than 196,200 cases of the virus
More investors are embracing environmental, social, and governance (ESG) principles, prompting active managers to enhance their credibility on that front. Actively managed funds are experiencing a renaissance of sorts, and with the industry looking for new frontiers that are conducive to this management, environmental, social and governance (ESG) investing stands out as a viable option. [...] Read more at ETFtrends.com.
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— Homebuilders ETF (Symbol: XHB) where we have detected an approximate $65.7 million dollar outflow -- that's a 4.3% decrea