Company Overview and News
Stop missing out on important events!
Over time by, Valentine’s Day has become not just a special day for lovers, but a day for business too. Exchanging chocolates, precious metals and gifts to shower affection in turn brings a lot of business opportunities. (29-0)
Finally, it’s the day for the opening ceremony of the 2018 Winter Olympics, at Pyeongchang, South Korea. The event will take full control of sports lovers all over the world till Feb 25. And it is not only meant for sports lovers, it also means a lot for the economy of the hosting country. So, there are many reasons to participate in Winter Olympics financially.
Hopes about a bitcoin ETF were downed by the U.S. Securities and Exchange Commission (SEC).A public letter written by Dalia Blass, director at SEC's Division of Investment Management, in mid Jan stated that there are "significant investor protection issues that need to be examined before sponsors begin offering these funds to retail investors." Liquidity is another issue that needs to be scrutinized (read: No Bitcoin ETFs in 2018?). (107-1)
The semiconductor corner of the broad technology market continued its last year’s winning streak at the start of 2018. Robust demand for memory chips and other semiconductor products, owing to the rapid adoption of cloud, Internet of Things, autonomous cars, gaming, wearables, VR headsets, drones, virtual reality devices, artificial intelligence, cryptocurrencies, and other advanced information technologies, is fueling huge growth in the space (read: Two Blockchain ETFs Go Live for The First Time). (137-0)
Chicago, IL – January 23, 2018 – 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 Winklevoss Bitcoin ETF COIN, Reality Shares Nasdaq NexGen Economy ETF BLCN, Amplify Transformational Data Sharing ETF BLOK, Shares PHLX Semiconductor ETF (SOXX - Free Report) and VanEck Vectors Semiconductor ETF (SMH - Free Report) . (9-0)
Hopes were high about a probable bitcoin ETF launch this year, especially with Cboe Global Markets launching three bitcoin futures contracts on the Cboe Futures Exchange in December. But the U.S. Securities and Exchange Commission (SEC) poured cold water on all hopes.
The hottest investment of 2017, bitcoin, hit the brake to start 2018. The cryptocurrencydropped as much as 20% on Jan 17, sliding below $10,000. Other cryptocurrencies also followed suit in apprehension that regulators could enact a crackdown on them to halt speculation. Bitcoin halved from its record peak of almost $20,000 a month ago. (6-0)
The excitement surrounding the blockchain technology comes with the astronomical surge in bitcoin price, which soared above $19,000 last month. The blockchain is a decentralized public ledger, which offers a secure, faster and cheaper medium of carrying out online transaction and transfer of information without the need of third-party verification. Now, investors could easily capitalize on this fast-growing technology with the two blockchain ETFs that go live today. (189-0)
The last few hours were very crucial in bitcoin investing as four likely issuers removed requests from the U.S. Securities and Exchange Commission for approval to list their exchange-traded funds based on the largest cryptocurrency. Direxion Shares ETF Trust indicated that the SEC “expressed concerns regarding the liquidity and valuation of the underlying instruments” that its proposed funds would invest in (read: Bitcoin ETFs: What Lies Ahead in 2018?). (8-0)
The semiconductor corner of the broad technology market continued its winning streak with the start of the New Year. This is especially true as the S&P Semiconductor Select Industry Index climbed 6.8% in the first few days of 2018 trading compared with gains of 4.6% for the S&P 500 Information Technology S&P 500 index and 2.8% for the S&P 500 Index (read: S&P 500 Tops 2,700: ETFs & Stocks Outperforming to Start 2018). (113-0)
The U.S. stock market witnessed a strong start to 2018 given that last year’s bullishness remained intact. The S&P 500 index topped 2,700 for the first time led by technology stocks. Investors are bargain hunting tech stocks after the recent sell-off given the high potential of growth in the sector. In particular, chipmakers are driving most of the rally in the New Year with the Philadelphia Semiconductor index surging 1. (1191-0)
The broader market kicked off 2018 on a positive note. And why not? Traditionally, January brings with it seasonal tailwinds for the equity world. A consensus carried out from 1950 to 2017 shows that January ended up offering positive stock returns in 40 years and negative returns in 28 years, per moneychimp.com, with an average positive return of 0.80%.
The semiconductor was among the best performing industries in 2017, with IShares PHLX Semiconductor ETF (SOXX - Free Report) gaining 38.4%, outperforming the S&P 500 and Technology Select Sector SPDR Fund (XLK - Free Report) returns of 18.4% and 32.2%, respectively. This impressive rally was mainly driven by escalating demand for chips used in cloud-based platforms, Artificial Intelligence (AI) tools, Augmented/Virtual (AR/VR) reality devices, autonomous cars, advanced driver assisted systems (ADAS), as well as Internet of Things (IoT) related software and hardware. (74-0)
The semiconductor industry has been one of the outperformers of 2017. Notably, the iShares PHLX Semiconductor ETF (SOXX - Free Report) , which represents semiconductor stocks, has witnessed a year-to-date (YTD) gain of approximately 38.9%, while the Technology Select Sector SPDR ETF (XLK - Free Report) , which represents the overall technology sector, has returned 32.6% during the same time period. (189-0)
Christmas isn’t Christmas without a verdant tree. While the evergreen never fails to bring in cheer to the most lonesome of hearts, we decided to do something very different this year – build a tree with the choicest of ETFs this season. A Christmas Tree of ETFs Let’s build the base first, which is the most valuable of all for investors, and of course where all the gifts are to be found. And nothing’s more fitting than SPDR Dow Jones Industrial Average ETF DIA, which tracks the Dow Jones Industrial Average, to give a solid foundation to our tree. (2-0)