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 itse
Bank of New York Mellon Corp (Symbol: BK) has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 3.4% yield, as well as being recognized by prominent asset managers as b
The United States continues to top the chart, with the highest number of coronavirus-infected cases. It recorded in excess of 671,425 cases with a death toll of around 33,286. In order to contain the spread of the virus, governments across the globe are shutting down economic a
The world’s second-largest economy witnessed shrinking economic growth for the first time, at least since 1992 (when official releases of quarterly GDP had begun) in the first quarter. The latest report reflects a year-over-year decline of 6.8% in China’s first-quarter GDP d
Consumer-products behemoth Procter & Gamble PG reported a mixed third-quarter fiscal 2020 results on Apr 17 before market opened. Core earnings of $1.17 per share rose 10% year over year and outpaced the Zacks Consensus Estimate of $1.12. Meanwhile, currency-neutral core ear
Last week was moderate for Wall Street with the S&P 500, the Dow Jones and the Nasdaq returning about 3%, 2.2% and 6.1%, respectively. Wall Street staged a relief rally on hopes of reopening of American businesses, an improving virus outlook and chances of treatment coming o
The ETF industry typically welcomes 200-plus new ETFs to market every year, but so far in 2020, the headline isn’t as much about ETF innovation as it is about ETF liquidation.
Soft drink bellwethersZacks Rank #4 (Sell) Coca-Cola Company KO and Zacks Rank # 3 (Hold) PepsiCo Inc. PEP are likely to report on Apr 21 and Apr 28, respectively. Coca-Cola and PepsiCo have a negative Earnings ESP of 0.26% and 0.78%, respectively. Negative ESP suggests that ana
International Business Machines IBM is scheduled to report first-quarter 2020 results on Apr 20 after market close. Being the world’s largest computer-services provider, it is worth taking a look at its fundamentals ahead of results.IBM has shed 13.7% over the past three month
The iShares U.S. Consumer Services ETF is seeing unusually high volume in afternoon trading Monday, with over 122,000 shares traded versus three month average volume of about 53,000. Shares of IYC were trading flat on the day.
In trading on Monday, the MLP ETF is outperforming other ETFs, up about 4% on the day. Components of that ETF showing particular strength include shares of EQM Midstream Partners, up about 11.3% and shares of MPLX, up about 9.5% on the day.
In trading on Monday, shares of the Vanguard Short-Term Inflation-Protected Securities ETF (Symbol: VTIP) crossed below their 200 day moving average of $49.26, changing hands as low as $49.08 per share. Vanguard Short-Term Inflation-Protected Securities shares are currently t
In trading on Monday, shares of the Vanguard Intermediate-Term Corporate Bond ETF (Symbol: VCIT) crossed below their 200 day moving average of $90.80, changing hands as low as $90.61 per share. Vanguard Intermediate-Term Corporate Bond shares are currently trading off about 0
In trading on Monday, shares of the HACK ETF (Symbol: HACK) crossed above their 200 day moving average of $39.68, changing hands as high as $39.84 per share. HACK shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of HACK sh
In trading on Monday, shares of the USO ETF (Symbol: USO) entered into oversold territory, changing hands as low as $3.75 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a s
The month of April has been good for the stock market so far even amid a deluge of bad economic news. In fact, Wall Street logged the first back-to-back weekly gain since February, bouncing way up from the recent lows that ended the 10-year bull market.In particular, the Dow Jon
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard FTSE Europe ETF (Symbol: VGK) where we have detected an approximate $1.3 billion dollar outflow -- that's a 10.6% decrease week over week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard FTSE Developed Markets ETF (Symbol: VEA) where we have detected an approximate $874.7 million dollar outflow -- that's a 1.3% decrease wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Mortgage-Backed Securities ETF (Symbol: VMBS) where we have detected an approximate $786.3 million dollar outflow -- that's a 6.6% decreas