Tesla CEO Musk stated in an email titled “Pause All Hiring Worldwide,” that he had a “super bad feeling” about the economy and wants to cut about 10% of staff at the electric carmaker, Reuters reported. In a
Wells Fargo & Company raised its price target on SolarEdge Technologies in a research note on Friday. Meanwhile, Enphase shares advanced after the company announced that installers of Enphase
Morris said U.S. natural gas prices have been at multi-year highs and very strong counter-seasonal. When asked about the spare capacity that currently exists in the world, Morris pointed to Saudi Arabia, and the
Meanwhile, related ETFs that have large holdings in the components like the Global X Social Media ETF (SOCL) was 8.2% lower, the Communication Services Select Sector SPDR Fund (NYSEArca: XLC) was down 3.5%, and the Vanguard Consumer Discretionary (NYSEArca: VCR) dropped 2.8%.
“Tesla is mainly down on two things — macroeconomic concerns as people are worried about inflation and recession, and China,” Gary Black, founder, and managing partner at the actively-managed ETF Future Fund
Media sector-related exchange traded funds rallied Tuesday after Warren Buffet’s Berkshire Hathaway disclosed its large stake in Paramount Global (NYSE: PARA). Berkshire acquired 68.9 million shares of
“The questions we’re getting right now at VettaFi are really around the food and beverage segment: if you look at Target’s earning report, you saw that there was a lot of pain from the discretionary sector but that
“New capacity for generating electricity from solar, wind and other renewables increased to a record level worldwide in 2021 and will grow further this year as governments increasingly seek to take advantage of
Further dragging on Cisco shares Thursday, the midpoint of Cisco’s projection for the current quarter suggested that revenue of $12.7 billion, or 8% below Wall Street analysts’ target. The technology heavyweight
That’s a plus for travel stocks and the related exchange traded funds, including the ALPS Global Travel Beneficiaries ETF ( JRNY ) . That’s the sector where airline equities reside, confirming that the fund is levered to
Clean energy technology sector-related exchange traded funds could pick up momentum as the International Energy Agency projected a record new capacity to generate renewable energy in 2022 on growing
According to Morningstar data, ETFs that track the consumer staples, healthcare, utilities, and real estate sectors, along with those that follow precious metals, Treasuries, and commodities, have attracted a combined $50 billion in net inflows so far this year through April, which
The WisdomTree New Economy Real Estate Fund (WTRE) provides exposure to both megatrends and the diversification potential associated with the real estate sector: For this reason, WisdomTree believes that