Tag: ETF sectors and rotation

Fears of slowing wireless customer growth have yet to materialize, as we estimate the industry added 1.9 million net new postpaid phone customers during the first quarter, up from less than 1.8 million a year ago. With the U.S. postpaid phone customer base growing around 4% year over year for the past several quarters versus less than 1% population growth, this pace of wireless growth can’t continue, but carriers keep offering generous discounts to put 5G phones in customers’ hands to eliminate a reason to switch providers.

The ALPS Clean Energy ETF (ACES) outperformed weaker equities markets last week as the Biden administration agreed to a two-year pause on solar panel tariffs on imports coming from Southeast Asian

(NYSE: FDX) climbed Tuesday, lifting transportation sector-related exchange traded funds after the company raised its dividends and added new board members under the pressure from activist investor D.E. Shaw

The management teams of both companies said they were postponing a portion of their large solar growth plans because of tariff-related supply concerns,” according to Morningstar . “Two of our top picks, NextEra

In the recent webcast, More Than Just Renewables: Hidden ETF Opportunities in the Energy Transition, Andy Hicks, senior vice president and director of ETF portfolio management and research at SS&C ALPS

As consumers are transitioning tastes from early pandemic comfort wear to more formal attire, some retailers are taking steps to mitigate losses and dispose of excess inventory. “We thought it was prudent for us to be

Bristol Myers Squibb Co announced it will buy out Turning Point Therapeutics Inc for $4.1 billion in cash to help expand its line of cancer drugs, Reuters reported. (NYSE: BMY) said it will acquire drug

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