Investor money is hemorrhaging out of global stock funds at a pace not seen since just after the financial crisis exploded. Global equity funds have seen outflows of $12.4 billion in June, a level not seen since October 2008, according to market research firm TrimTabs. Lehman Brothers collapsed in September of that year, triggering the
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Shutterstock 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 itself. For the iShares S&P Mid-Cap 400 Growth ETF, we
Photographer: Jeff Zelevansky/Bloomberg News The Madison Square Garden Company has always been a tantalizing stock for those who believe in the ever-growing value of high-end sports and entertainment. The company, controlled by the Dolan family and CEO James Dolan, owns Manhattan’s iconic Madison Square Garden and two of the sports world’s most valuable franchises, the
Netflix’s global subscription expansion as well as gradual pricing increases put the company’s stock on track for even more upside over the next year, according to Macquarie Research. The firm raised its price target on the online video streamer’s shares to $430 from $336, reiterating its outperform rating and citing uplift in subscriptions to higher
A relief rally in stocks will arrive in October but President Donald Trump isn’t finished with his trade demands, according to an investment bank specializing in emerging market assets. The threat of U.S.-led protectionism has sent capital flowing out of riskier emerging market (EM) assets. The MSCI index of developing-nation stocks on the cusp of
Bitcoin’s (BTC) price charts remain biased to the bears, but market positioning on a major exchange suggests a sustained break below $6,000 may remain elusive in short-term. At press time, the leading cryptocurrency is trading at $6,100 on Bitfinex, largely unchanged on a 24-hour basis, and technically speaking, BTC remains on the defensive as discussed
It’s no secret that building large-scale, fully decentralized applications is a challenge, but it turns out the hurdles have to do with more than just scaling. Decentralized application or “dapp” developers frequently hit roadblocks, since ethereum – the go-to platform so far in dapps’ short history – can process only around 25 transactions per second, and
As the first half of the year comes to an end, the stock market is looking especially wobbly. Stocks Wednesday staged an ugly reversal to the downside, building on warning signs that have been going off since late last week when selling centered in banks and the high-flying FANG names. The market has been reacting
Steve Wozniak is one of the biggest Bitcoin bulls out there. He has recently stated that he hopes Bitcoin will become the world’s global economy, siding with Twitter founder Jack Dorsey who has forecasted a similar occurrence for the coin: “I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen but
Check out the companies making headlines after the bell: Shares of Pier 1 Imports plummeted more than 15 percent in extended-hours trading after the retailer reported weak sales. The popular home decor company saw same-store sales drop 8.2 percent, compared with analyst expectations of 7.7 percent. Pier 1 also missed on revenue, reporting $371.9 million
The West Coast may have the best returns for homeowners looking to sell, Aaron Terrazas, economic research director at Zillow, told CNBC. According to a new report from Zillow, Bay Area locales such as San Francisco and San Jose, California, as well as Los Angeles have median selling profits of more than $100,000 — nearly
Day 14 of the Crypto World Cup was a wild one! Roger Ver faced off against Anthony Pompliano in what turned out to be a shocker of a game. Plus, Willy Woo pulls the wool over everyone’s eyes. Meet the players of this year’s Crypto World Cup. Check out the results and highlights of today’s
Shutterstock If you’re the type of investor who is always looking for value that can be measured, you could do worse than to look to the Pacific rim of Asia these days for a few intriguing possibilities. As a matter of fact, right now that region hosts 5 companies with stocks that may fit the
Bikini Pools and Spas Swimmable symbol of the suburban “good life.” Of all the seemingly innocuous, misleading phrases that real estate agents sprinkle into their listings copy, “room for a pool” is the one that always sends me into a spiral. It implies that luxurious pool house living is just a snap of the fingers
Every once in a while, an ETF seems to hit all the right notes at the right time. One such fund these days is the KraneShares CSI China Internet ETF (KWEB). China-focused equity ETFs generally have had a challenging time this year, with the country sitting in the middle of a trade spat with the
Kotak Mahindra joins RippleNet: Yes, it’s true: another financial institution has joined the RippleNet. This is yet another example of how Ripple is working towards solving real-world problems. On Wednesday, Kotak Mahindra, an Indian bank, posted a press release, in which it stated that it has entered into a collaboration with Ripple. Specifically, Kotak Mahindra will
White House economic advisor Larry Kudlow said the administration’s revised approach towards China shouldn’t be characterized as a retreat. The director of the National Economic Council instead characterized the decision to use a committee to determine when Chinese-owned companies should be halted from taking ownership in U.S. firms as simply a “modernization” that will protect
It’s a brave new world for General Electric on Day 2 outside the Dow. After getting beaten up and kicked out of the blue-chip index, its shares are now rallying to their best level in a month. Step in with caution here, says one technical analyst. “I might trade it, but I don’t trust it,”
Just four months after taking the helm as CEO of Chipotle Mexican Grill, Brian Niccol is scoring big with investors. The former Taco Bell CEO’s appointment has resulted in a nearly 60 percent bump in the company’s stock since it was announced in February, and that could just be the beginning. Niccol is set to
Lenders are pounding the pavement looking for borrowers who want to consolidate bills, take a vacation or fix up their homes. Homes are being inundated with mail solicitations from companies like Marcus, Elevate and Lending Club, hoping to supply personal loans to consumers. In all, 10 nonbank lenders that Credit Suisse tracks sent out 368
Bitcoin’s (BTC) “dominance rate” hit a 2.5-month high on CoinMarketCap today – a sign that investors are likely switching their money from alternative cryptocurrencies to the number one cryptocurrency by market valuation. The gauge rose to 42.74 percent earlier on Wednesday, the highest level since April 14, and was last seen a tad lower at 42.5
An investor watches the electronic board at a stock exchange hall in Shenzhen. China’s stock market is losing out to the U.S., dragging emerging markets down with it. Maybe the market thinks a trade war is worse for China. (Photo by VCG/VCG via Getty Images) If there are no winners in a trade war, tell
The stock market is having a relief rally now that a “committee of professionals” will handle foreign investment concerns instead of President Donald Trump alone, closely followed trader Art Cashin told CNBC on Wednesday. “Remember, the first word in CFIUS is committee,” said Cashin, UBS director of floor operations at the New York Stock Exchange,
North Korea could account for up to 24 percent of the Korean Peninsula’s total gross domestic product in 20 years under reunification with the South, UBS estimated in a report this week. The rogue state currently accounts for 1.1 percent of the regional economy. Tensions around the nuclear state have eased after North Korean dictator
Nvidia shares will thrive as the company releases its next generation gaming graphics chips later this year, according to one Wall Street firm. Raymond James reiterated its outperform rating for Nvidia shares, predicting the company will generate better than expected financial results in its October quarter. “We conducted mid-quarter checks on NVIDIA with channel partners,
Shutterstock Can’t Buy Me Love is a movie from the 1980s about a nerd who is desperate to improve his social status. In so doing, he makes an investment. He hires the most popular girl in school to be his girlfriend for a few weeks, believing this will permanently elevate his standing with the popular clique at his high school. The
Nine years into a bull market for financial assets, we are seeing an increasing number of investors continue to prioritize a return or income objective over the risk required to achieve that return. For stock investors, that typically means chasing what is hot today. For fixed income investors, that means venturing more heavily into more
The Dow transports-tracking ETF (IYT) has fallen more than 3 percent in the last month, and TradingAnalysis.com founder Todd Gordon says there are troubling signs that it could fall below a key level. “We’re seeing some underperformance in the transports relative to the broader market as a result of the escalating tension with trade tariffs
Digital money platform Uphold is looking to become a broker-dealer in the U.S. after acquiring a registered firm called JNK Securities, it was announced Wednesday. The company has now filed with the Financial Industry Regulatory Authority (FINRA) for approval of the change of ownership to become a registered broker-dealer. Ultimately, Uphold hopes to offer security tokens,
After a drop yesterday, bitcoin (BTC) risks another move below $6,000 in the next 24 hours, but it will still likely fare better than other cryptocurrencies. On Tuesday, bitcoin closed (as per UTC) below the immediate support of $6,108 (June 13 low), pouring cold water over the prospects of a corrective rally above a major