In recent trading, shares of Coty, Inc. (Symbol: COTY) have crossed above the average analyst 12-month target price of $11.69, changing hands for $11.71/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 Blackbaud, Inc. (Symbol: BLKB) have crossed above the average analyst 12-month target price of $60.33, changing hands for $63.93/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valu
A Nudists’ Beach? Warren Buffett famously said, “Only when the tide goes out do you learn who has been swimming naked,” which seems appropriate right now. With the period of easy and plentiful money in the rearview mirror, we see cracks within some banks agitating the investment markets. At first, it was one bank tied [...]
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While recent top 10 performing ETFs of the past few weeks have been dominated by strategies in crypto or tied specifically to volatility, this week, it’s China’s turn. The massive East Asian economy was the focus of about half of the top ten performing ETFs of the last week, excluding leveraged strategies, with KraneShares ETFs [...]
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In the latest episode of “Bloomberg’s ETF IQ,” Bloomberg’s Matt Miller, Katie Greifeld, and Eric Balchunas spoke with VettaFi’s head of research Todd Rosenbluth, and BNY Mellon Investment Management’s Stephanie Pierce about the latest in the banking sector. The Rise of Ultra-Short ETFs Following the banking crisis spurred by the sudden collapse of Silicon Valley [...]
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In trading on Monday, shares of the RPAR ETF (Symbol: RPAR) crossed below their 200 day moving average of $19.23, changing hands as low as $19.19 per share. RPAR shares are currently trading off about 0.8% on the day. The chart below shows the one year performance of RPAR sha
Model portfolios can be powerful tools — leveraging research, market insights, and years of experience, these asset manager-crafted offerings save time for advisors to focus on clients. But how should advisors break into the world of model portfolios for clients — and which clients might be most open to working with an advisor to use [...]
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The energy transition portfolio is an attractive investment opportunity as it capitalizes on both sides of the transition. As traditional energy sources and infrastructure are poised to continue to play a role in the energy transition in the coming decades, investors can maximize their exposure with the energy transition portfolio, comprising the Alerian MLP ETF (AMLP) and [...]
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The iShares Core MSCI Pacific ETF is seeing unusually high volume in afternoon trading Monday, with over 1.2 million shares traded versus three month average volume of about 187,000. Shares of IPAC were up about 0.3% on the day.
Amid the Federal Reserve’s interest rate-hiking campaign that it kicked off in 2022, many advisors have turned to cash and cash equivalents bonds. Since cash and short-duration securities are less sensitive to interest rate increases, the strategy has worked so far. However, what worked in the past may not work so well again in the [...]
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Volatility took center stage last week, with increasing investor interest in strategies enabling investors to express a view on a market beset by a simmering bank crisis and, of course, the Fed’s ongoing war on inflation. That said, not all investors want to ride a leveraged or short strategy tied to the Chicago Board Options [...]
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While the latest inflation report showed consumer price gains modestly eased in February, we believe it’s still too early to leave client portfolios without an inflation hedge. While consumer price gains eased on a 12-month basis, increasing 6% in February from 6.4% in January, the one-month change in core prices paints a less rosy picture. [...]
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The financials sector rallied in trading on Monday, led by U.S. regional bank stocks surging on efforts to stabilize the banking sector. U.S. regional bank stocks jumped in early trading Monday as investors celebrated news from the Federal Deposit Insurance Corp, which announced First Citizens is purchasing the remaining assets, deposits, and loans of Silicon [...]
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Banks like First Citizens and First Republic Bank saw their shares rebound on Monday morning two weeks after the largest U.S. banking collapse since the global financial crisis. But some are saying we aren’t out of the woods yet. First Citizens announced on Monday that it agreed to buy Silicon Valley Bank’s deposits and loans [...]
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Want Diversified Exposure in the Regional Banks? Try These ETFs
The First Republic Bank crisis and the possible contagion it could bring has the entire financial services industry down compared to a month ago, but this is an opportunity for investors. There is risk in the financ
In trading on Monday, shares of the First Trust Nasdaq Food & Beverage ETF (Symbol: FTXG) crossed above their 200 day moving average of $26.53, changing hands as high as $26.65 per share. First Trust Nasdaq Food & Beverage shares are currently trading up about 0.9% on
In trading on Monday, shares of the iShares MSCI China ETF (Symbol: MCHI) crossed below their 200 day moving average of $48.32, changing hands as low as $47.84 per share. iShares MSCI China shares are currently trading off about 1.9% on the day. The chart below shows the one
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the DIREXION DAILY SEMICONDUCTOR BULL 3X SHARES, where 15,950,000 units were destroyed, or a 4.7% decrease week over week.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares Ultra VIX Short-Term Futures ETF, which added 26,950,000 units, or a 31.6% increase week over week.