Large-Cap Value ETF (SPVU) Hits New 52-Week High
For investors seeking momentum, PowerShares S&P 500 Enhanced Value Portfolio (SPVU – Free Report) is probably on radar now. The fund just hit a 52-week high and is up about 30.6% from its 52-week low price of $25.65/share. But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term […]
China’s (De)Dollar Bonds
The Chinese government has sold its first dollar bond issue in thirteen years. Given that fact alone, the idea is causing more than a little confusion, perhaps consternation. Why now? What are they really up to? It seems as if it is contradictory, especially given China’s very public positions against the dollar as hegemonic reserve […]
Breakdown Or Bounce?
The commentary that I read this morning attributed most of yesterday’s selling to rising rates, both domestic and foreign, and due to the fact that selling was overdue. Cramer made the point on the podcast of his show last night that if we do get a selloff, it will probably be in the stocks we […]
Winners And Losers In Today’s Tech Earnings
Stocks were quiet today as all eyes were on the big earnings announcements after the close. In tonight’s video update, we look at the reaction to earnings announcements from GOOGL, AMZN, MSFT, and INTC. Watch the video tonight to see why AMZN is the big winner… Video Length: 00:05:08
Stocks Eroding Under The Surface
All the indices are trading at or near their all-time highs, and with Trump tweeting daily about how fabulous the stock market is on a daily basis, we should be enthusiastic about stocks across the board, right? Wrong! Actually the breadth is poor, and more importantly, the Street appears to be booking profits at breakneck speed. […]
Most Interesting New ETFs
Video length: 00:06:50 The ETF industry continues to grow at a record pace. 178 new ETFs have launched in the US this year so far, taking the total number of US listed products to 2,041 and assets under management to about $3.3 trillion. New ETFs are getting more niche, focusing on a very narrow corner […]
Pharmacy Stocks Slammed On Signs They May Be Next To Get “Amazon’d”
Pharma stocks tumbled to their lows of the session Thursday afternoon after a double whammy of Trump declaring all out war on the opioid epidemic, but more importantly, the St. Louis Dispatch reporting that Amazon has been quietly acquiring pharmacy licenses in 12 states, suggesting Jeff Bezos is gearing up for a battle with the handful of […]
Hot Options Report For End Of Day – Thursday, Oct. 26
Top tickers for end of day: GE, BAC, SYMC, TWTR, MON, AAPL.
Alphabet Inc. 3Q17 Earnings Send Shares Higher
Alphabet Inc. (Nasdaq: GOOG) 3Q17 earnings were released after closing bell tonight, and the company posted GAAP earnings of $9.57 per share on $27.8 billion in revenue, a 20% increase (23% in constant currency) year over year. Analysts had been expecting earnings of $8.33 per share on $27.2 billion in revenue. In last year’s third quarter, the […]
Tax Reform Key To Late-Acceleration Market Phase
Given how long this recovery has run, many people assume that the US economy and stock market are in the latter stages of their bull run, ready to peak at any moment. However, Chris Senyek, Chief Investment Strategist at Wolfe Research, recently told Financial Sense Newshour that the market cycle is best characterized by six different phases […]
