ETFS

Goldman Sachs was the stick President-elect Donald Trump used to bludgeon political foes like Ted Cruz and Hillary Clinton on the campaign trail and win the White House. Now that he has been elected, Trump is leaning on former employees of the investment bank to play a major role in crafting his economic agenda. On

Abigail Johnson, CEO of Fidelity, is taking full reins of the fourth largest asset manager in the world and assuming its chairmanship from her father, Edward C. Johnson III, who is retiring after nearly six decades with the company. Johnson will now have full day-to-day oversight of Fidelity, which holds some $2.1 trillion in managed assets,

Hedge funds are losing billions in assets amid flagging performance and investor angst over high fees. Amid this money sinkhole, private equity giants like Blackstone Group, Apollo Global, KKR & Co. and Carlyle Group used 2016 to draw in tens of billions of dollars apiece in new investments from sovereign wealth funds and other institutional investors

 Have you heard the one about the Internet fund that’s afraid of dot-coms? It sounds like a bad money manager joke, but that’s actually the best way to describe the Kinetics Internet Fund. “Truthfully, if we changed the name, we’d probably get more money,” says cofounder and portfolio manager Peter Doyle, jacket slung over a

It takes a lot to turn billionaire David Tepper into an activist investor who resorts to public spats with struggling corporate boards. That’s exactly what happened with his holding of TerraForm Power, a yieldco that is associated with the crumbling empire of SunEdison, the largest developer of renewable energy projects in the United States. Read More: SunEdison

Many investors think of China as rich. But outside of a handful of east coast exporting cities and… [+] Beijing, it is still poor and getting old. How will the government take care of all these people? (Photo by Kevin Frayer/Getty Images) China’s getting old. In fact, they are getting older faster than anywhere else

The holiday-shortened session on Friday created some signs of indecision in a few of the key averages and market-leading stocks. The question is whether it will dampen the increasing bullish sentiment and FOMO after what has been an amazing month for the stock market. In last week’s survey by the American Association of Individual Investors

It has been a great month for the stock market as the “bubble fear” is already emerging just ahead of the Thanksgiving holiday. In terms of the sector ETF, it has been quite a race in terms of performance as we approach the end of the month. After the close, we get the earnings from

After a nine-day decline of 5.86% in October it was the last five-day rally of 5.85% that has finally given investors some hope. That was evident on Thursday as the weekly survey by the American Association of Individual Investors (AAII) revealed that those expecting the S&P 500 to move higher in the next six months

The powerful action in the stock market last week has gained further bullish confirmation as a Zweig Breath Thrust (ZBT) buy signal was generated on November 3rd. This indicator was developed by Martin Zweig and is based on a 10-day EMA of the NYSE Advances / (Advances+ Declines). A signal is generated when the ZBT

In terms of stock traders October ended on the 27th as the expected oversold rally got underway last Monday. The prior week’s 2% decline in the major average did not favor getting out of stocks on Monday. As I concluded last week “just 11% of the QQQ QQQ stocks are now above their 10-day MAs.

It was the third negative month in a row for the market averages and the SPDR Sector ETFs also had a rough week. Only the Utilities Sector (XLU XLU ) had a meaningful gain of 1.3%. The Technology Sector (XLK XLK ) was up 0.05% but the other nine sectors were lower. Leading on the

Over the last eight days, the stock market has been hit very hard as the S&P 500 is down 5.85% and the Nasdaq 100 has lost 6.23 %. That eliminated the chances of a month-ending rally as the selling spread last week to even the strongest market-leading stocks and ETFs. The earnings from a few

It’s gonna get rough for wheat farmers and buyers this year. Suboptimal weather across key growing areas and potential disruptions emanating from the war in the Middle east are to blame. The weather problem has already begun. A dire combination of dry weather simultaneously occurring in four of the largest markets — Russia, Ukraine, the

There have been many curve balls for the stock market this year and that has been the case for the past two weeks. The October job report caught the market by surprise. The prevailing wisdom was that a much lower job number was needed to turn stocks higher. The fact that stocks moved higher despite

Morgan Stanley closed large banks’ second quarter earnings season on Wednesday morning with the most significant beat on Wall Street. Though the firm’s results were down from this time a year ago, they underscored that Wall Street’s biggest banks were able to navigate today’s lower for longer interest rate environment and recent jitters in global markets that

It was a sell-everything week for the stock market. Once again it was the commentary from Fed Chair Powell, not any action, that accelerated the selling. The prior week’s negative market reversal in reaction to the ECB comments after it hiked rates set the tone for the market last week. That did not help investor

The stock market was locked in a narrow range last week as the rally attempts were met with selling. The reaction to a slightly hotter-than-expected CPI report on Thursday was positive but did not last long as concerns grew over the implications of changing global interest rate policies. It appeared that the ECB’s comments about

The stock market tried to fight the selling as the media experts came up with more reasons to argue why stocks should not move higher. Near the top of the new list is the fact that the dollar closed higher for the eighth week in a row. This coincided with last week’s Reuter survey where

After the prior week’s solid week of selling stocks tried to stabilize last week but many of the bulls especially the dip buyers were disappointed. Overall, the stock market seemed ready to rally at the start of the week even though there were no clear signs of a market bottom. The main concerns last week

Early in my transition from biochemist to technical analyst many of us kept manual chart books. When we were traveling overseas we frequently exchanged market data. In those pre-internet days, there was often more communication between analysts and more concentration on the daily price data. This was in the infancy of computer analysis of the

Too early to tell whether last week’s action will live in market history as the Fitch top or a trap for the bond bulls. The selling from the stock markets key reversal on July 27th resumed on August 2nd in reaction to Tuesday’s unexpected downgrade of US debt by Fitch Ratings. There was also a

The dip buyers were disappointed after the release of the better-than-expected CPI report on Thursday. The S&P 500 opened almost 20 points higher to open at 4487.16 after Wednesday’s close at 4467.71. The buyers flooded in as the S&P reached the monthly pivot at 4527 at 10 AM ET before the buyers disappeared. Just after

Shutterstock It’s been an amazing July for a couple of members of the closely followed FAANG group of stocks. The “F” and the “N” in that designation have had significant and unusual drops in price. The bad news on Facebook about lower than anticipated “user growth” tanked the huge internet social media sensation by a

(Photo by Mark Schiefelbein- Pool/Getty Images) Chinese corporations are all over Africa.  In June 2017 a McKinsey & Company report estimated that there are more than 10,000 Chinese-owned firms operating in Africa. What are Chinese corporations doing in Africa? That’s a highly controversial issue. The reason Chinese corporations are in Africa is simple; to exploit the

The Soro Enshi container ship sails from Yangshan Deep Water Port in Shanghai on July 10, 2018. A Parliamentary committee in India said China is dumping products in their country. Photographer: Qilai Shen/Bloomberg China is dumping products in India, a parliamentary panel suggested recently. As the trade war goes on unabated, China’s trade practices in

IBM Chief Human Resource Officer Diane GhersonDiane Gherson/IBM When it comes to the forefront of the global human resources landscape, Diane Gherson is someone you want to know. As Chief Human Resource Officer at IBM, Diane has helped to revolutionize IBM over the past 13 years. Under her leadership, she has transformed global workforce outcomes

Share to facebook Share to twitter Share to linkedin 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. 

Share to facebook Share to twitter Share to linkedin 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. 

Shutterstock Wall Street is working on a new platform which will ease the trading, storing and spending digital assets. That’s bullish for bitcoin and other cryptocurrencies. It will help them gain acceptance among investors, merchants and consumers. Last week, Intercontinental Exchange (ICE) announced plans to form a new company, Bakkt, with the purpose to create