India ETF (INCO) Hits New 52-Week High
This India ETF hits a new 52-week high. Are more gains in store for this ETF?
This India ETF hits a new 52-week high. Are more gains in store for this ETF?
-- Gold prices rose in Asian trade on Wednesday and were close to record highs as a fiery debate between presidential candidates Kamala Harris and Donald Trump raised uncertainty over the 2024 elections.
The tech sector led the charge for the tech-heavy S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) on Tuesday, holding onto some gains after last week's sell-off. However, Big Bank stocks took a hit in the trading session after Federal Reserve Vice Chair for Supervision Michael Barr announced updated capital requirement regulations for banks. Meanwhile, historical patterns are coming to fruition as third quarter earnings estimates are being cut and the election will likely create more market volatility (^VIX). Yahoo Finance Markets Reporter Josh Schafer joins Asking for a Trend to break down his key takeaways from the trading day. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
Three new actively managed funds will target the blockchain ecosystem and disruptive technologies.
US stocks (^DJI,^GSPC, ^IXIC) are mixed in Tuesday's trading session as investors prepare for a rocky month ahead. Fundstrat Global Advisors managing director and global head of technical strategy Mark Newton joins Market Domination to discuss market trends and how investors should prepare for the year-end. Big Bank stocks, in particular, are under pressure after the Federal Reserve proposed new capital requirement regulations for banks that would seek easements on their capital holdings while scaling back other requirements. Newtown notes that financials (XLF) are the second-largest sector in the S&P 500 after technology (XLK), and that today's movement is "a minor pullback." He highlights that banks have been up about 10% over the last three months, and the pullback is "on the heels of really robust gains in this sector." Newton finds the broader market picture to be "pretty healthy," pointing to new all-time highs in technology, financials, healthcare (XLV), industrials (XLI), and utilities (XLU). While the tech sector is under pressure, he believes that it has "not broken down substantially enough to think that tech is broken." "We have this huge amount of contentiousness and divisiveness regarding the election. Of course, two wars overseas. A lot to get us unhappy about. Earnings, though, have been remarkably good, and the stock market itself has been good," Newton tells Yahoo Finance. "So, you know, let's not get too bent out of shape about, granted, some understandable major pullback in some of the semiconductor stocks. I don't think it's been damaging enough to say that the market has peaked out honestly. But it is an uncomfortable time for many investors." Wall Street is also paying extra close attention to the Federal Reserve as it moves forward with its first interest rate cut, and Newtown anticipates an interest rate cut of 35 basis points. He notes that when the Fed has cut between 25 and 50 basis points historically, it's been "troublesome." "My thinking is the market ends the year probably at 5,800 or higher, and the best times of any election year typically tend to be buying weakness into the election November into next spring really should be the sweet spot for investors. So if you want to make money in this day and age, you know, in this time period between now and the election, you have to be very well diversified," Newton says. He recommends the healthcare sector and financials, calling JPMorgan Chase & Co's (JPM) stock price — currently around $200 per share — a "steal." He also stresses the importance of being diversified, especially as a broad-based recovery lies for the market after the election. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
US stock market averages (^DJI, ^IXIC, ^GSPC) open higher, extending yesterday's rebound from September volatility. Chipmaker Nvidia (NVDA) is also seemingly rallying along with the rest of the tech sector. The Morning Brief's Seana Smith and Brad Smith report on market movements after Monday's opening bell, taking note of trends in the bond market (^TYX, ^TNX, ^FVX). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
SAN ANTONIO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a registered investment advisory firm with deep expertise in global markets and specialized sectors from gold mining to airlines, today announced operating revenues of approximately $11 million for the fiscal year ended June 30, 2024. The Company reported net income of $1.3 million, down from $3.1 million in the same period the previous year, largely due to a decrease in advisory fees stem
Risk aversion is shaping another tough day for Wall Street, with stocks trading in the red as investors await the presidential debate between Vice President Kamala Harris and former President Donald Trump, scheduled at 9 p.m. ET. Energy and financial sectors are witnessing deeper losses, sharply underperforming the rest of the market. In the latest monthly report, OPEC revised its global oil demand growth forecasts downward, now expecting 2024 oil demand to increase by 2.03 million barrels per d
RH's fiscal second-quarter results are likely to reflect a soft luxury housing market and clearance pressure. What should investors do with the stock, given its transformative efforts?
After a dazzling start to 2024, the VanEck Semiconductor ETF (SMH) has dropped 24.1% from its 52-week high and suffered a nearly 10% loss in the past week alone. However, for long-term investors, the selloff could present a long-term buying opportunity. I’m bullish on the largest and most liquid semiconductor ETF due to its robust long-term track record, consistently outperforming the broader market over the past three, five, and 10 years. I’m also bullish on SMH and the semiconductor industry i