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Sy Harding: With the U.S. economic recovery stumbling again, the euro-zone debt crisis back in the headlines, and ‘Sell in May and Go Away’ on the minds of many investors, Wall Street is beginning to put out advice on how to prepare for a potential market correction. Read more…
Stocks shrugged off early losses to close near session highs on heavier trade. All five major indices closed higher with high beta issues leading the advance. The small-cap Russell 2000 came storming back yesterday to erase virtually all of this week’s losses. By the closing bell the Russell had added Read more…
Stocks traded mixed on Thursday as trade waned. For the eleventh consecutive day, both the S&P 500 (NYSEArca:SPY) and the DJIA (NYSEArca:DIA) have consolidated in a tight range, as the Nasdaq (NASDAQ:QQQ), Russell 2000 (NYSEArca:IWM) and the S&P MidCap 400 have set fresh highs. Read more…
Jared Cummans: The past few weeks have seen a nice rally to start off the new year. With a number of encouraging earnings and data reports, stocks have been on a tear, with the S&P hitting 1,300 for the first time in several months. But last Friday’s GDP report, though representing strong growth, may have Read more…
Van Eck Global announced today the expiration of the exchange offers by its Market Vectors ETF Trust for any and all outstanding receipts of six Merrill Lynch-sponsored HOLDRS: Oil Service (AMEX:OIH), Semiconductor (AMEX:SMH), Pharmaceutical (AMEX:PPH), Biotech (AMEX:BBH), Retail Read more…
To participate in the exchange offers, please contact your financial intermediary; or follow the instructions included in the exchange offer materials. These materials will be mailed to you directly or will be provided by your brokerage firm. If you have not received the exchange offer materials, please contact Read more…
ConvergEx Group, a leading technology company, today announced that it has been named exclusive transition manager in Van Eck Global’s exchange of certain Merrill Lynch-sponsored Holding Company Depositary Receipts (HOLDRS) into Market Vectors exchange traded funds (ETFs). These include: Oil Services Read more…
Michael Johnston: Van Eck has begun the process of converting six HOLDRS products offered by Merrill Lynch into traditional ETFs that will be included under the Market Vectors lineup, offering investors an opportunity to exchange their receipts in HOLDRS trusts for shares in the new ETFs. The exchange Read more…
Stocks rebounded on Thursday but trade was light. All five of the major indices ended the session in positive territory, led by the Dow Jones Industrial Average (NYSEARCA: DIA). The blue chip index posted a solid 1.0% gain. Both the S&P 500 (NYSEARCA:SPY) and the small-cap Russell 2000 Read more…
Stocks moved higher on Tuesday on brisk trade to post another accumulation day. Stocks rose across the board as all five major indices closed in positive territory. The small-cap Russell 2000 (NYSEARCA: IWM) tacked on 1.4% while both the Nasdaq (NASDAQ:QQQ) and the S&P 500 (NYSEARCA: SPY) Read more…
Equities rebounded solidly on Wednesday but the impact of the rally was lessened by light trade. All of the major indices closed higher led by a 2.7% gain in the small-cap Russell 2000 (NYSE:IWM). The S&P MidCap 400 closed higher by 2.2% while the S&P 500 (NYSE:SPY) added 1.6%. The Dow Jones Industrial Read more…
Michael Johnston: RBS rolled out its fifth ETN this week, debuting a product that offers exposure to the world’s largest pharmaceutical firms. The new Global Big Pharma ETN (NYSE:DRGS) will seek to replicate Read more…
Jared Cummans: Pharmaceutical companies have long been popular investments as they offer relatively inelastic products as well as strong dividend yields that give both growth and value investors something to buy into. As far as the ETF world is concerned, there are four products that allow investors to gain Read more…
Van Eck announced last week a partnership with Merrill Lynch that may ultimately lead to the conversion of several HOLDRS products to soon-to-be-launched Market Vectors ETFs. As part of the agreement, Van Eck will introduce six new ETFs that maintain the same tickers as the existing Read more…
Market Vectors will transition six of their ETFs from the Merrill Lynch HOLDRs to Market Vector exchange traded funds, tomorrow December 21st. According to Deutsche Bank, the new ETFs should provide a better representation of 
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