From Sweta Killa: The materials sector, which tends to be the most sensitive to global economic growth expectations, is leading the way higher this month, trailing information technology. This is especially true as the sector is on track for the best monthly gain since October 2015, having climbed 9.5% already.
From Zacks: For investors seeking momentum, iShares TIPS Bond ETF TIP is probably on radar now. The fund just hit a 52-week high, and is up 5.8% from its 52-week low price of $107.53 per share.
From Nilanjan Choudhury: The U.S. Energy Department’s weekly inventory release showed an as-expected increase in natural gas supplies. However, the injection was higher than the five-year average as the mild spring weather continues to limit heating and air conditioning demand.
From Sweta Jaiswal : President Trump’s latest move to raise the tariffs to 25% from 10% on $200 billion of Chinese goods might have ‘trumped’ hopes of many investors waiting for a truce between the two largest economies. However, amid this political conundrum, the biotech industry has kept its promise for solid returns so far. The rally […]
From Sweta Killa: For investors seeking momentum, Renaissance IPO ETF (IPO – Free Report) is probably on radar now. The fund just hit a 52-week high, and is up 46.5% from its 52-week low price of $21.63 per share.
From Sweta Jaiswal, FRM: The biotech industry has kept its promise for solid returns so far. The rally in some major biotechnology indexes reflects the same. In this context, the NASDAQ Biotechnology Index has returned 17.6% year to date. Following the trend, S&P Biotechnology Select Industry Index has returned around 29%.
From Zacks Equity Research: Robust demand for memory chips and other semiconductor products, on account of rapid adoption of cloud computing, AI, Internet of Things (IoT), autonomous cars, advanced driver assisted systems (ADAS), gaming, wearables, drones and virtual reality/augmented reality (“VR/AR”) devices, is fueling massive growth in the semiconductor space.
From Sanghamitra Saha : After rising 0.7% in January, U.S. retail sales dropped 0.2% in February. The reading lagged analysts’ expectations of a 0.3% increase. Reduced purchase of building materials, furniture, clothing, food, electronics and appliances as well as gardening equipment led to the sudden decline (read: January Retail Sales Strong Despite Shutdown: ETF & Stock […]
From Sweta Killa: Broad commodities bounced back strongly after a weak fourth quarter driven by tightening supply and optimism over demand. Additionally, Fed’s dovish stance, which has kept U.S. dollar under pressure, added to the strength. A weak dollar makes dollar-denominated assets attractive for foreign investors, raising the appeal for commodities.
From Radhika Pujara : As we conclude first-quarter 2019, most of the discussions are centered on the near-term cloudy outlook for the semiconductor space and performance of the chip-makers.
From Sweta Killa: For investors seeking momentum, iShares Core High Dividend ETF (HDV – Free Report) is probably on radar now. The fund just hit a 52-week high and is up about 17.1% from its 52-week low price of $79.39/share.
From Swarup Gupta: Housing stocks were dealt a blow by the release of dismal sectoral data on Feb 26. Home Depot’s (HD – Free Report) dismal fourth-quarter numbers worsened matters. Consequently, the iShares Home Construction ETF (ITB) and the SPDR S&P Homebuilders ETF (XHB) each declined at least 0.6%.
From Sweta Killa: The Chinese stock market was on fire in February buoyed by optimism over trade deal with the United States. This is especially true as the nearly year-long trade spat between the world’s two largest economies seems to be coming to an end after President Donald Trump delayed his plan for raising tariff […]
From Sanghamitra Saha: Positive developments are palpable in the marijuana industry. Be it acquisitions, expansion into industries like food, beverage, tobacco and cosmetics or legalization, things are increasingly falling into place for marijuana. ETFMG Alternative Harvest ETF (MJ – Free Report) is up 48.7% this year and appears to have more room to run.
From Nalak Das: After a disappointing 2018, Wall Street has been gaining momentum steadily in 2019. The technology sector, which bore the brunt of market volatility in 2018, has been recovering impressively so far this year. On Feb 22, the Technology Select Sector SPDR (XLK), one of the 11 sectors of the S&P 500 index, […]