The firm’s flagship "Strength" range has amassed more than $10 billion AUM globally.
Grid operators are seeing increased energy demand as the AI race heats up among hyperscalers. The Morning Brief's Madison Mills breaks down a chart from Apollo Global Management chief economist Torsten Sløk showing how much energy some of the "Magnificent Seven" members — like Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META) — need to run their data centers. Note: Apollo Global Management is Yahoo Finance's parent company To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl
Ken Griffin's Citadel just added to its position in the Invesco QQQ Trust ETF.
Mortgage rates rose for their fourth straight week, the 30-year fixed rate mortgage now sitting at 6.54%. Existing home sales also fell to a 14-year low, the National Association of Realtors reporting a figure of 3.84 million for the month of September. Market Domination welcomes Realtor.com chief economist Danielle Hale to talk about this week's wave of housing and mortgage data. "A lot of consumers were expecting mortgage rates to trend down for longer than they have. The economic strength that we've seen in... the most recent job market reading has caused a bit of a rebound in interest rates, including mortgage rates," Hale explains to Julie Hyman and Josh Lipton. "And so consumers have been a bit caught off guard. And we haven't seen the improvement yet. I think people were waiting for more and we just haven't seen that yet." Hale anticipates mortgage rates to sit just above 6% this time next year. Currently, she is seeing "extraordinarily resilient" home prices as new homebuyers pull out of their housing market searches. "And so that the fact that supply only just meets demand has kept prices relatively elevated. So I don't think we're going to see a lot of pricing relief unless we add a lot more construction," Hale tells Yahoo Finance. Hale expands the conversation to explain how homebuyers can improve their odds of a lower mortgage rate, as well as nationwide trends in rent prices. 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.
Today on Yahoo Finance's Good Buy or Goodbye, Host Julie Hyman welcomes Interactive Brokers chief strategist Steve Sosnick to discuss the financial sector, where he explains his preference for regional banks over major financial institutions. Sosnick recommends investors buy the S&P Regional Banking ETF (KRE). He emphasizes that the steeper yield curve particularly benefits smaller banks, explaining "the steeper the yield curve, the bigger the differential between what they're borrowing versus what they're lending," which directly improves their bottom line. The ETF also offers more attractive valuations compared to the the Financial Select Sector SPDR Fund (XLF), with Sosnick noting "it's time to shift toward the one that's showing good momentum." Furthermore, he points to improving sentiment around commercial real estate lending, observing there are "fewer and fewer horror stories" in the sector. Regarding the Financial Select Sector SPDR Fund (XLF), Sosnick expresses several concerns. He notes its elevated valuation after being "on a tear," and advises investors to "look a little more broadly than just the leaders." The fund's concentration is another worry, with just four stocks making up about a third of the holdings, and it's "not top heavy with banks." Additionally, he points out the fund's exposure to consumer spending, suggesting potential underperformance if consumer activity slows. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith
Three now-defunct ESG ETFs invested in fossil fuel, tobacco, and coal mining.
Tesla (TSLA) is in focus as shares surge by over 21% on Thursday after reporting mixed third quarter results this week. While the company’s main revenue driver is its electric vehicle (EV) business, Tesla CEO Elon Musk has said he expects the company's energy business to surpass its auto sector. William Blair Group head of the energy and sustainability research sector Jed Dorsheimer joins Julie Hyman and Josh Lipton on Market Domination to examine clean energy developer Tesla Energy and its role in the space. “The energy problem is much bigger than I think most people understand,” Dorsheimer tells Yahoo Finance, explaining that Tesla Energy’s Megapack, a large-scale stationary battery, not only helps store energy but can also help stabilize the power grid to prevent outages. “The grid stability globally is actually getting more and more fragile. And so there's going to be more deployments, particularly as we wind down thermal in terms of coal." “This is an opportunity for Megapack,” Dorsheimer says, adding, “We see an opportunity for this business to really scale and to add a level of profitability that most... clients don't have in their models. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.
According to the latest Freddie Mac data, mortgage rates climbed to 6.54% for the week ending Oct. 24, marking the fourth consecutive week of increases. Yahoo Finance Reporter Claire Boston analyzes this ongoing trend, exploring the key factors driving mortgage rates higher and strategies for homebuyers to secure lower rates. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
New home sales climbed in September, rising 4.1% from August and 6.3% year-over-year. Alliant Credit Union head of lending Dan Bauer joins Wealth! to break down the state of the housing market and some of his top tips for first-time homebuyers. "Housing demand is starting to increase, and we are starting to see a little bit of a lower interest rate environment as a result of recent Fed [Federal Reserve] rate cuts," Bauer tells Yahoo Finance. He notes that lower rates can lead to lower monthly mortgage payments, giving homeowners more buying power to explore options like more expensive homes in more desirable locations. As the Fed interest rate cuts become increasingly priced into mortgage rates, Bauer points to jobless claims and housing supply data as catalysts for mortgage rates to further decline. Follow along Yahoo Finance's breaking coverage of this week's mortgage rates. For those looking to buy a home, he encourages having a plan in mind and getting pre-qualified to understand what you're able to afford. He also suggests adjustable-rate mortgages, as they provide "an alternative in high interest rate markets with a lower initial interest rate and possibly the ability to refinance if rates drop in the future." Most importantly, he recommends evaluating how buying a home will fit into your long-term financial goals: "Creating a customized plan for you and your family is absolutely critical. Working with professionals like financial advisors, like a professional mortgage lender, and real estate experts in your market, are always fantastic advice for any first-time homebuyer." Watch the video above to hear some of the biggest trends among homebuyers. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Melanie Riehl