To some market analysts, quiet, expensive stock markets are being overlooked by worrisome speculative activity in products such as bitcoin. The price of the digital currency has surged since the end of last year, topping $3,000 earlier this month from $968 at the end of December, according to CoinDesk. Bitcoin traded around $2,750 on Friday. […]
Read moreChina‘s flagship One Belt, One Road infrastructure program has far from enough financing right now, representatives from Beijing said in New York last week. Chinese President Xi Jinping first announced in 2013 an ambitious initiative to build a network of infrastructure in underdeveloped regions south and west of China, similar to the ancient “Silk Road” […]
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The most popular actively managed ETFs this year tell a story that’s not as much about investors chasing outsized performance as it is about ETFs being used for specific goals. In 2017 a lot of assets have flocked into active ETFs that offer safety and income. PIMCO Enhanced Short Maturity Active ETF (MINT)MINT has seen […]
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Shares of Caterpillar were under pressure Friday after a Deutsche Bank analyst downgraded the stock. Nicole DeBlase lowered her rating on Deutsche to hold from buy and cut the price target to $106 from $121, as she raised questions about whether the Trump administration will be able to move forward with its infrastructure plan. The […]
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MSCI’s decision to add China A-shares to its emerging markets index is big news. It will expand access to China’s mainland stocks to a broader audience and increase exposure to China in that index to nearly 40 percent. As CNBC estimates, there are some $2 trillion of assets in index mutual funds and ETFs benchmarked […]
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Oil’s modest comeback did little to change the mind of one portfolio manager who is urging investors to avoid crude and energy stocks. Chad Morganlander, portfolio manager at Washington Crossing Advisors, warned against oil on Thursday on CNBC’s “Trading Nation,” saying the fundamentals were looking weaker for the commodity over time. “Our expectation is for […]
Read moreCheck out which companies are making headlines before the bell: BlackBerry – The communication software and services company reported adjusted quarterly profit of two cents per share, compared to forecasts for a breakeven quarter. Revenue did fall below estimates, but the company left its full-year forecast intact and notes that it was profitable for a […]
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Tesla is on a tear this year, and trader Todd Gordon says the shares are about to rev up to even more record highs. The automaker hit another all-time record on Thursday, rallying amid the announcement of a possible production plant agreement with Shanghai and a Recode report that the company is looking to create […]
Read moreValuations of U.S. bank stocks are being hit by the ongoing uncertainty surrounding their industry which has been the focus of concerted regulatory attention in recent years, according to a banking analyst at Rafferty Capital Markets. Given President Trump’s pledge to prioritize the rolling back of many of the stricter oversight initiatives introduced in recent […]
Read moreIt’s summer, and trading is light, but here’s something that might perk your interest: Friday is usually the heaviest volume day of the year. It’s the annual Russell Reconstitution, the day when the Russell indexes are rebalanced. There’s $8.5 trillion in asset benchmarked to or invested in products based on the Russell U.S. indexes. Why […]
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