All ETF Daily News Articles

Deutsche Bank maintains its forecast of a 30% return for the S&P 500 in 2019

S&P 500
From Jessica Bursztynsky:
NYSE:SPY May 21, 2019 4:46pm

Is the IPO market in trouble?

Where to Invest
From Mark Hulbert: Recent IPOs do not suggest that investors are irrationally exuberant.
NYSE:IPO May 21, 2019 2:45pm

Report: The U.S. marijuana market will reach almost $23 billion in sales in 4 years

Marijuana
From Javier Hasse: A new report projects the cannabis market in the United States will reach $22.7 billion in sales by 2023. The estimates in the Brightfield Group report imply a compound annual growth rate (CAGR) of 20 percent over the next four years.
NYSE:MJ May 21, 2019 2:34pm

Gold prices are being manipulated on Chinese markets

Gold
From Kitco News: Gold prices are being manipulated on Chinese markets, said Frank Holmes, Chief Investment Officer and CEO at U.S. Global Investors.
NYSE:GLD May 21, 2019 1:58pm

NFL players move closer to legally using marijuana to treat their pain

marijuana stocks
From Dave Royse: National Football League players may be a small step closer to being able to legally use cannabis to treat their pain.
NYSE:MJ May 21, 2019 1:43pm

What country in the Asia-Pacific region has the best performing stock market in 2019?

stock board 2019
From Todd Shriber: Investors not keeping close tabs on developed Asia-Pacific markets this year may be surprised as to what that region's best-performing equity market is.
ETF BASIC NEWS May 21, 2019 1:40pm

Sales of existing U.S. homes fell 0.4% in April

Housing Market down
From Diana Olick:
NYSE:XHB May 21, 2019 12:35pm

Tech stocks propel the Dow Jones Industrial Average higher by more than 100 points

Upswing Soar
From Fred Imbert: Stocks traded higher on Tuesday on news that the U.S. temporarily eased restrictions on Chinese telecom giant Huawei.
NYSE:DIA May 21, 2019 12:12pm

Goldman Sachs warns that tariffs could lower corporate profits by 6%

Goldman Sachs logo
From Jeff Cox:
NYSE:SPY May 20, 2019 3:28pm

Retailers send a letter to President Trump asking for an end to tariffs

Trump
From Lauren Thomas:
NYSE:XRT May 20, 2019 3:09pm

Natural gas prices rise due to expected warmer weather

From James Hyerczyk:

Natural gas traders could face a major decision this week with the prospect of summer demand growth driving the bullish traders and bearish storage builds attracting the interest of the bearish traders.

NYSE:UNG May 20, 2019 1:57pm

The semiconductor sector plummets on news of government restrictions concerning Huawei

plunge
From Yun Li:
KEY POINTS
  • Shares of chip suppliers are under pressure following the Trump administration's restrictions on doing business with Huawei.
  • Google has suspended business activity with the Chinese giant. Other Huawei suppliers, including Qualcomm, Broadcomm and Intel, reportedly told employees they will not sell to the Chinese firm until further notice.
  • U.S. chip suppliers are losing a big customer as Huawei purchases $20 billion of semiconductors each year, according to an Evercore estimate.
A sell-off in chip stocks intensified Monday following a report that semiconductor makers are cutting ties with Huawei following restrictions imposed by President Donald Trump's administration.
The U.S. Commerce Department last week blacklisted Huawei and effectively halted its ability to buy American-made parts and components. In wake of the restrictions, Google has suspended business activity with the Chinese giant. Other Huawei suppliers, including Qualcomm, BroadcomIntel and Xilinx, told employees they will not sell to the Chinese firm until further notice, according to Bloomberg News.
U.S. chip suppliers are losing a big customer as Huawei, the world's largest provider of telecom equipment, purchases $20 billion of semiconductors each year, according to an Evercore estimate.
Shares of Xilinx tumbled nearly 5% on Monday, while Qualcomm stock dropped nearly 5%. Shares of Analog Devices, Broadcom, Advanced Micro Devices are all under pressure following the Huawei ban. The VanEck Vectors Semiconductor ETF are down more than 3% on Monday, almost 15% below its intraday all-time high. All but one component of the ETF is correction levels or worse as of Monday and almost half the 25 stocks is in bear market levels. "Let's be clear - we are talking tens of billions of dollars impact," said C.J. Muse, senior equity research analyst at Evercore, in a note on Saturday. "Loss of this business would slow down investments by U.S. chipmakers, thereby reducing the competitiveness of the U.S. semiconductor industry - and that is a national security issue that the U.S. government needs to consider as well." U.S. restrictions could particularly hurt companies that have meaningful revenue exposure to 5G and the Chinese market, according to RBC analyst Mitch Steves. Analog Devices has 12.5% of revenue exposure to 5G, while Skyworks SolutionsQorvo, Broadcom, Qualcomm and Xilinx are all relying on the growth from 5G infrastructure, Steves said. Advanced Micro Devices and Nvidia are the two companies responsible for high-end data center computing, the analyst said. "We view the Huawei and China/US relationship as a negative overhang on the semiconductor space and a lift of either would likely send the semiconductor industry materially higher (5-10% in our view)," Steves said in a note on Sunday. The administration's move to cut off Huawei's access to U.S. technology followed its tariff hike on $200 billion worth of Chinese goods earlier this month, which sent the semiconductor sector into a downward spiral. "This decision was likely a negotiation tactic by the Trump administration to bring China back to the table," Evercore's Muse said. "The clear risk here is that while President Trump believes he has achieved leverage in the negotiations, we may have pushed China past the precipice and that the current technology cold war gets engrained and accelerates." -- CNBC's Michael Bloom contributed to this report.

The VanEck Vectors Semiconductor ETF (SMH) was trading at $102.23 per share on Monday afternoon, down $3.20 (-3.04%). Year-to-date, SMH has gained 4.52%, versus a 7.08% rise in the benchmark S&P 500 index during the same period. SMH currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #16 of 81 ETFs in the Technology Equities ETFs category.
This article is brought to you courtesy of CNBC.
NYSE:SMH May 20, 2019 1:10pm

The Nasdaq slides on the US gov. crackdown on Huawei

nasdaq logo
From Fred Imbert: Stocks fell on Monday as the intensifying fallout from a U.S. crackdown on Huawei pressured the technology sector.
NASDAQ:QQQ May 20, 2019 12:40pm

The movement of the Yuan is a warning signal about the US-China trade war

trade chineasusflag
From Patti Domm:
NYSE:CNY May 20, 2019 11:30am

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