Is Invesco KBW High Dividend Yield Financial ETF (KBWD) a Strong ETF Right Now?
Smart Beta ETF report for KBWD
Smart Beta ETF report for KBWD
The economy is making a soft landing and the bull market is flying high as the Nasdaq hits record heights. But the mood is...off.
With a slew of market-driving news set to greet investors over the next week, market strategists tell Yahoo Finance that what Big Tech earnings say about the fundamental story behind the stock market rally will matter most.
US home prices climbed to record highs in August, according to the S&P CoreLogic Case-Shiller National Home Price Index, rising 0.3% month-over-month and 4.2% annually. Yahoo Finance senior housing reporter Dani Romero details the latest home price print as mortgage rates have ticked up for four consecutive weeks, the 30-year fixed rate mortgage now sitting above 6.5%. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.
Energy and power grid constraints look to be the biggest hurdles for Big Tech to overcome in the industry's wider buildout of AI data center infrastructure. Tech players have begun investing in nuclear energy developers to find the clean energy output needed to power these expansions. Oklo Inc. (OKLO) is one of these names benefitting from the trend, its stock having jumped nearly 200% over the past month. The nuclear startup is backed by OpenAI CEO Sam Altman, who is also Oklo's chairman. Oklo Co-Founder and CEO Jake DeWitte joins Julie Hyman and Josh Lipton on Market Domination to talk about the long-term investments in small modular reactors (SMR) and the intricacies of these systems; Oklo doesn't expect to finish building its first SMR and producing power from it until 2027. "When you split an atom, you get almost 50 million-times more energy than when you combust like a molecule of natural gas or so. It's incredible," DeWitte tells Yahoo Finance. "What that means, then, is there's a lot of energy in nuclear fuel. And actually in almost all reactors, you only use about 5% of the fuel in one pass through the reactor. And there's reasons why long story short, is you could put more fuel in, it could run for longer. But that comes at increased cost for the added systems you would need to manage all that." US Secretary of Energy Jennifer Granholm told Yahoo Finance that her department's focus will be on ensuring these AI data centers are powered by clean energy, while understanding the challenge in widespread SMR adoption: "Nobody wants to be the one to buy the first one." Oklo has already inked energy partnerships with date center providersw Equinix (EQIX) and Wyoming Hyperscale. DeWitte describes the regular business model for nuclear systems as "clunky." "One of the things that we set out to do in the beginning was, was make it easier to buy what people really want from nuclear systems, in other words, make it easier to buy nuclear power because the clean, reliable, affordable power, that's the stuff people really want," DeWitte explains. "We're unique because we actually make that easy — we design, we own, we operate the plants, we contract someone to build them, and then we just sell the power out to the customers through off-take agreements. That makes it easy for them to buy what they want." For more coverage on Big Tech's adoption of nuclear energy, catch Yahoo Finance's respective interviews with X-energy CEO Clay Sell about Amazon's (AMZN) investment into the nuclear reactor designer and Kairos Power Co-Founder and CEO Mike Laufer's input on the nuclear startup's partnership with Alphabet's Google (GOOG, GOOGL). To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.
Blockchain ETF hit a new 52-week high lately on the bitcoin rally.
Several key consumer discretionary (XLY) companies, such as fast-food chain McDonald's (MCD), Royal Caribbean Cruises (RCL), and airline operator JetBlue Airways (JBLU), are all reporting their latest earnings results this morning. US Bank Asset Management Group Chief Investment Officer Eric Freedman comments on what earnings from these consumer-facing companies and CFO commentary is highlighting about the strength of the US consumer. "Basically the consumer is in a couple of different places — the middle-income and higher-income consumer is still very strong, still looking at experiential spending. And that's something that we don't think is going to go away," Freedman tells Seana Smith and Brad Smith on the Morning Brief. "We are seeing a more choiceful lower income consumer. This is true across both bottoms-up research we do, as well as the top-down data." The Conference Board reported consumer confidence to have jumped to 108.7 in October, a significant month-over-month boost from September's reading of 99.2. Freedman will be listening for chief financial officer comments around free cash flow, noting to investors: "We think you can pick up cash flow in areas like master-limited partnerships. Get a little bit of an inflation hedge on that way. We do think that the one thing we'd emphasize for clients that have shied away from tech is to get back involved again." While Big Tech earnings roll out this week, Freedman is watching for how companies are spending on tech and buying chips from OEMs (original equipment manufacturers). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
Fidelity expands with high-yield Euro and U.S. dollar corporate exposures.
September's Personal Consumption Expenditures (PCE) index and October's jobs report are on the horizon for this week, with the Federal Reserve and investors anticipating what fresh economic data could mean for interest rates. Summit Place Financial Advisors founder and president Liz Miller joins Wealth! to share her perspective on current market dynamics as new inflation and labor figures pour out. "We're all living in a very precarious time going into this election, so, of course, that seems to dominate our thinking," she acknowledges. However, looking beyond the election noise, Miller points to the ongoing earnings season as relatively stable. "It's all going to be about the economics because what we really want to know is will the Fed be continuing to lower rates into the end of the year and what does that pace look like," she tells Yahoo Finance. With this outlook, Miller highlights Equity Residential (EQR) as an investment opportunity. She notes it is "the largest residential REIT," offering a 3.5% yield and positioned to benefit from lower interest rates. "As home sales and home activity picks up, this is going to be a continued beneficiary. So I think this is an easy buy for a two to three-year hold," Miller states. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
The $18 billion asset manager is targeting RIAs with a focused ETF platform rollout.