Company Overview and News
For the fourth week in five, investors were net purchasers of fund assets (including those of conventional funds and ETFs), injecting $17.5 billion. Investors padded the coffers of equity funds (+$4.7 billion), taxable bond funds (+$1.6 billion), money market funds (+$10.8 billion), and municipal bond funds (+$463 million). Despite the lower-than-expected October nonfarm-payrolls report, investors continued to send the three major indices to new record highs during the fund-flows week ended November 8, 2017. (166-0)
Wall Street continued its stellar run in October with the S&P 500 logging in gains of 2.2%. This not only represents the best month since February but also the seventh straight month of advances — its longest streak since May 2013. As such, investors flocked to the two ultra-popular ETFs tracking the index last month. SPDR S&P 500 ETF Trust (SPY - Free Report) and iShares Core S&P 500 ETF (IVV - Free Report) have pulled in about $7. (319-0)
The month of October was an eventful one. A host of corporate earnings and the passage of a $4-trillion budget measure by Senate and House drove the market. Especially, upbeat tech earnings and higher chances of tax reform were instrumental in pushing Wall Street higher and spreading optimism among investors. (13-0)
While there are plenty of things that drive the markets up and down, demographics are the elephant in the room. (34-0)
For the second week in three investors were net purchasers of fund assets (including those of conventional funds and ETFs), injecting $6.9 billion. Investors padded the coffers of taxable bond funds (+$3.5 billion), equity funds (+$2.9 billion), money market funds (+$464 million), and municipal bond funds (+$44 million). They remained cautiously optimistic ahead of Q3 2017 earnings season after Congress passed a budget resolution early in the fund-flows week-which many viewed as a precursor to tax-reform legislation. (41-0)
The third quarter was a solid one for global stock markets with upbeat economic data pointing to financial well-being. It was eventful with Brexit negotiations, the central banks signaling the end of cheap money era, solid earnings reports, intensifying tensions between the United States and North Korea, Hurricane Harvey, Trump’s tax reform talks and the victory of German Chancellor Angela Merkel for the fourth term (read: Top & Flop Zones of Q3 and Their ETFs). (7-0)
Chicago, IL – September 19, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include iShares Core S&P 500 ETF (NYSEARCA:(IVV - Free Report) – Free Report), Vertex Pharmaceuticals (Nasdaq:(VRTX - Free Report) – Free Report), Align Technology Inc. (153-0)
After weeks of shaky trading, the Wall Street continued its second-largest bull run, dodging the list of woes including geopolitical tension, Washington turmoil, elevated valuations, the aftermath of hurricanes Harvey & Irma as well as rounds of downbeat economic data. In particular, the S&P 500 is in the spotlight, with the index breaching the 2,500 milestone for the first time, bringing its year-to-date gains to nearly 12%. (96-0)
Fears over Hurricane Irma and North Korea have abated and the bull market remains intact with the S&P 500 Index reaching another milestone of topping 2,500 for the first time. This represents the second-longest bull run in U.S. history, having added almost $20 trillion to the value of American equities and overtaken the 266% climb during the 1949-56 run, per Bloomberg. The major milestone came in less than four months after the S&P 500 breached 2,400 amid concerns over elevated valuations and Washington turmoil. (207-0)
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A deep dive into the Nuveen S&P 500 Dynamic Overwrite Fund, a covered call closed end fund.
A deep dive into the Nuveen S&P 500 Buy-Write Income Fund, a covered call closed end fund.
Snapchat Inc. (SNAP - Free Report) has been hitting headlines in recent weeks with a wave of bad news as its shares hit an all-time low of $13.07, tumbling more than 25% over the past one month. In fact, the stock is currently trading 23% below its IPO price. The latest setback came when the social media network was dumped from the S&P 500 Index due to changes in the S&P Dow Jones Indices methodology.
Like the last few months, the international market looked bright in July though the level of upper hand eased somewhat last month. SPDR S&P 500 ETF (SPY - Free Report) – representative of the U.S. market –added about 2.3% in the last one month (asof July 28, 2017) while all-world ETF iShares MSCI ACWI ETF (ACWI - Free Report) saw similar gainsof 2.9%.
The S&P 500 is marching higher, hitting multiple fresh highs amid Washington turmoil, geopolitical risks, decline in oil price and lofty valuation. The benchmark has risen about 9.8% in the year-to-date timeframe buoyed by strong corporate earnings, accelerating economic activity, continued job gains and improving consumer confidence. The trend is likely to continue in the weeks ahead as hopes of another strong earnings season and the Fed’s gradual tightening path has once again lifted the appeal for riskier assets (read: Dovish Yellen Testimony to Boost These ETFs).
2017-10-28 - Wilton
2017-10-25 - Wilton
2017-10-10 - Wilton
2017-10-09 - Wilton
2017-08-25 - Wilton