Sell on the Pop Prospects: April 29 Edition

Ticker	Name	Price	1-YearReturn	Leverage
(VUG A-)	Vanguard Growth ETF	$172.70	5.70%	Long
(IWF A+)	iShares Russell 1000 Growth ETF	$165.67	4.91%	Long
(PSLV )	Sprott Physical Silver Trust	$5.60	4.67%	Long
(MTUM A-)	iShares Edge MSCI USA Momentum Factor ETF	$115.53	2.66%	Long
(XLP A)	Consumer Staples Select Sector SPDR Fund	$58.09	2.43%	Long
(TFI A)	SPDR Nuveen Bloomberg Barclays Municipal Bond ETF	$50.28	2.32%	Long
(BNDX A-)	Vanguard Total International Bond ETF	$56.81	2.18%	Long
(SLV C+)	iShares Silver Trust	$14.21	2.16%	Long
(SPYG A-)	SPDR Portfolio S&P 500 Growth ETF	$39.18	1.95%	Long
(IVW A)	iShares S&P 500 Growth ETF	$180.96	1.67%	Long
(EWL A-)	iShares MSCI Switzerland ETF	$36.20	1.20%	Long
(XLU A)	Utilities Select Sector SPDR Fund	$57.96	0.98%	Long
(IUSG A)	iShares Core S&P U.S. Growth ETF	$62.52	0.37%	Long
(FTSM B+)	First Trust Enhanced Short Maturity ETF	$59.54	-0.87%	Long
(MINT A+)	PIMCO Enhanced Short Maturity ETF	$100.43	-1.13%	Long
(OEF A-)	iShares S&P 100 ETF	$128.78	-1.30%	Long
(VIG A)	Vanguard Dividend Appreciation ETF	$110.92	-1.67%	Long
(NEAR B)	iShares Short Maturity Bond ETF	$49.19	-2.03%	Long
(FLOT B+)	iShares Floating Rate Bond ETF	49.85	-2.12%	Long
(FLRN B)	SPDR Bloomberg Barclays Investment Grade Floating Rate ETF	30.03	-2.21%	Long
(SPHQ A)	Invesco S&P 500 Quality ETF	32.41	-2.29%	Long
(USMV A)	iShares Edge MSCI Min Vol USA ETF	57.95	-2.33%	Long
(EWT A-)	iShares MSCI Taiwan ETF	35.14	-2.69%	Long
(CWB B+)	SPDR Bloomberg Barclays Convertible Securities ETF	51.75	-2.74%	Long
(ESGU)	iShares MSCI USA ESG Optimized ETF	62.53	-3.08%	Long
(FTCS B)	First Trust Capital Strength ETF	54.02	-3.26%	Long
(XLC)	Communication Services Select Sector SPDR Fund	48.05	-3.96%	Long
(PGX A)	Invesco Preferred ETF	13.89	-4.54%	Long
(VOO A)	Vanguard S&P 500 ETF	256.42	-4.64%	Long
(SPY A)	SPDR S&P 500 ETF	279.08	-4.71%	Long
(SPLG)	SPDR Portfolio Large Cap ETF	32.76	-4.91%	Long
(IVV A)	iShares Core S&P 500 ETF	279.98	-5.04%	Long
(SCHX A+)	Schwab U.S. Large-Cap ETF	66.43	-5.18%	Long
(QUAL A)	iShares Edge MSCI USA Quality Factor ETF	87.03	-5.35%	Long
(IWB A)	iShares Russell 1000 ETF	153.61	-5.69%	Long
(SPTM)	SPDR Portfolio Total Stock Market ETF	34.02	-6.67%	Long
(VTI A+)	Vanguard Total Stock Market ETF	139.55	-6.84%	Long
(EFG A-)	iShares MSCI EAFE Growth ETF	73.93	-6.97%	Long
(SCHB A)	Schwab U.S. Broad Market ETF	65.51	-7.00%	Long
(ITOT A)	iShares Core S&P Total U.S. Stock Market ETF	61.84	-7.23%	Long
(TQQQ B)	ProShares UltraPro QQQ	62.1	-7.24%	Triple-Long
(XLRE )	Real Estate Select Sector SPDR Fund	32.96	-7.26%	Long
(SPLV A)	Invesco S&P 500 Low Volatility ETF	48.8	-7.45%	Long
(MCHI A)	iShares MSCI China ETF	59.51	-7.61%	Long
(ANGL B)	VanEck Vectors Fallen Angel High Yield Bond ETF	26.75	-7.76%	Long
(DGRO B+)	iShares Core Dividend Growth ETF	34.88	-7.82%	Long
(FPE C+)	First Trust Preferred Securities and Income ETF	17.7	-7.86%	Long
(PFF A+)	iShares U.S. Preferred Stock ETF	33.7	-8.02%	Long
(XLY A)	Consumer Discretionary Select Sector SPDR Fund	110.38	-8.20%	Long
(EWJ A)	iShares MSCI Japan ETF	50.5	-8.94%	Long
(HYG A)	iShares iBoxx $ High Yield Corporate Bond ETF	79.06	-8.95%	Long
(BBJP)	JPMorgan BetaBuilders Japan ETF	20.89	-9.29%	Long
(BKLN B)	Invesco Senior Loan ETF	20.76	-9.58%	Long
(ASHR C+)	Deutsche X-trackers Harvest CSI 300 China A-Shares ETF	26.95	-9.65%	Long
(HYLB)	Deutsche X-trackers USD High Yield Corporate Bond ETF	45.05	-9.83%	Long
(EMB A-)	iShares J.P. Morgan USD Emerging Markets Bond ETF	98.38	-10.37%	Long
(JNK A+)	SPDR Bloomberg Barclays High Yield Bond ETF	97.26	-10.42%	Long
(USHY)	iShares Broad USD High Yield Corporate Bond ETF	36.51	-10.62%	Long
(SCHD A)	Schwab U.S. Dividend Equity ETF	48.65	-10.90%	Long
(NOBL A-)	ProShares S&P 500 Dividend Aristocrats ETF	61.21	-10.95%	Long
(SHYG )	iShares 0-5 Year High Yield Corporate Bond ETF	41.66	-11.00%	Long
(SRLN A-)	SPDR Blackstone/GSO Senior Loan ETF	41.54	-11.05%	Long
(ACWI A)	iShares MSCI ACWI ETF	66.22	-11.14%	Long
(SJNK A)	SPDR Bloomberg Barclays Short Term High Yield Bond ETF	24.14	-11.64%	Long
(DIA A-)	SPDR Dow Jones Industrial Average ETF	235.07	-11.79%	Long
(EFAV A)	iShares Edge MSCI Min Vol EAFE ETF	63.29	-11.80%	Long
(VT A+)	Vanguard Total World Stock ETF	66.57	-11.99%	Long
(SPYV B+)	SPDR Portfolio S&P 500 Value ETF	27.59	-12.36%	Long
(IVE A)	iShares S&P 500 Value ETF	102.7	-12.39%	Long
(FVD B+)	First Trust Value Line Dividend Index Fund	28.69	-13.19%	Long
(VO A)	Vanguard Mid-Cap ETF	143.73	-13.62%	Long
(IUSV A-)	iShares Core S&P U.S. Value ETF	49.26	-13.64%	Long
(PCY A)	Invesco Emerging Markets Sovereign Debt ETF	24.02	-13.85%	Long
(VTV A)	Vanguard Value ETF	95.2	-13.95%	Long
(NUGT C+)	Direxion Daily Gold Miners Bull 3X Shares	67.36	-14.03%	Triple-Long
(AAXJ B)	iShares MSCI All Country Asia ex Japan ETF	62.66	-14.09%	Long
(VYM A+)	Vanguard High Dividend Yield ETF	75.61	-14.13%	Long
(DBEF B+)	Deutsche X-trackers MSCI EAFE Hedged Equity ETF	27.69	-14.35%	Long
(FNDX A-)	Schwab Fundamental U.S. Large Company Index ETF	33.52	-14.64%	Long
(XLB A)	Materials Select Sector SPDR Fund	49.09	-14.91%	Long
(VNQ A+)	Vanguard REIT ETF	72.44	-15.44%	Long
(IYR A)	iShares U.S. Real Estate ETF	72.47	-15.55%	Long
(EMLC A-)	VanEck Vectors J.P. Morgan EM Local Currency Bond ETF	28.43	-15.64%	Long
(IWR A-)	iShares Russell Mid-Cap ETF	46.73	-16.13%	Long
(SCHV A)	Schwab U.S. Large-Cap Value ETF	47.25	-16.16%	Long
(RSP B+)	Invesco S&P 500 Equal Weight ETF	90.15	-16.41%	Long
(FXI A-)	iShares China Large-Cap ETF	37.81	-16.53%	Long
(HEFA B+)	iShares Currency Hedged MSCI EAFE ETF	24.93	-16.59%	Long
(RSX B+)	VanEck Vectors Russia ETF	18.31	-16.66%	Long
(IWD A)	iShares Russell 1000 Value ETF	105.63	-16.75%	Long
(SDY B)	SPDR S&P Dividend ETF	84.04	-17.02%	Long
(SPDW)	SPDR Portfolio Developed World ex-US ETF	24.65	-17.86%	Long
(SCHF A)	Schwab International Equity ETF	26.45	-17.93%	Long
(EEMV A+)	iShares Edge MSCI Min Vol Emerging Markets ETF	49.14	-18.09%	Long
(EFA A)	iShares MSCI EAFE ETF	54.58	-18.16%	Long
(VEU A)	Vanguard FTSE All-World ex-US ETF	42.31	-18.19%	Long
(SSO A)	ProShares Ultra S&P500	102.95	-18.38%	Double-Long
(ESGE )	iShares MSCI EM ESG Optimized ETF	28.75	-18.39%	Long
(VEA A)	Vanguard FTSE Developed Markets ETF	34.33	-18.42%	Long
(IEFA A+)	iShares Core MSCI EAFE ETF	50.98	-18.48%	Long
(VXUS A)	Vanguard Total International Stock ETF	43.59	-18.58%	Long
(IXUS A)	iShares Core MSCI Total International Stock ETF	48.62	-18.70%	Long
(ACWX A-)	iShares MSCI ACWI ex U.S. ETF	38.67	-18.87%	Long
(SPEM)	SPDR Portfolio Emerging Markets ETF	29.73	-19.12%	Long
(ITB A-)	iShares U.S. Home Construction ETF	31.03	-19.26%	Long
(EWC C+)	iShares MSCI Canada ETF	23.11	-19.36%	Long
(EEM A-)	iShares MSCI Emerging Markets ETF	35.63	-19.70%	Long
(VWO A)	Vanguard FTSE Emerging Markets ETF	35.14	-19.86%	Long
(SCHE A)	Schwab Emerging Markets Equity ETF	21.55	-19.89%	Long
(IEMG A)	iShares Core MSCI Emerging Markets ETF	42.45	-20.57%	Long
(VGK A)	Vanguard FTSE Europe ETF	44.12	-20.59%	Long
(EMLP B+)	First Trust North American Energy Infrastructure Fund	19.62	-20.66%	Long
(IEUR A)	iShares Core MSCI Europe ETF	37.76	-20.67%	Long
(VLUE B+)	iShares Edge MSCI USA Value Factor ETF	66	-20.71%	Long
(BBEU)	JPMorgan BetaBuilders Europe ETF	19.34	-20.74%	Long
(SCZ A)	iShares MSCI EAFE Small-Cap ETF	46.86	-20.84%	Long
(EWH A)	iShares MSCI Hong Kong ETF	21.07	-20.88%	Long
(RODM )	Hartford Multifactor Developed Markets (ex-US) ETF	22.5	-20.91%	Long
(EWY C+)	iShares MSCI South Korea ETF	49.76	-21.29%	Long
(SCHM A)	Schwab U.S. Mid-Cap ETF	44.96	-21.62%	Long
(SCHC A)	Schwab International Small-Cap Equity ETF	25.82	-22.23%	Long
(EWG B+)	iShares MSCI Germany ETF	22.23	-22.25%	Long
(VB A)	Vanguard Small-Cap ETF	122.58	-22.30%	Long
(MDY B+)	SPDR S&P MidCap 400 ETF	278.45	-22.43%	Long
(XLI A)	Industrial Select Sector SPDR Fund	61.08	-22.44%	Long
(SPMD)	SPDR Portfolio Mid Cap ETF	26.79	-22.51%	Long
(IJH A-)	iShares Core S&P Mid-Cap ETF	152.4	-22.61%	Long
(XHB A+)	SPDR S&P Homebuilders ETF	31.68	-23.16%	Long
(IWS A)	iShares Russell Mid-Cap Value ETF	68.24	-23.53%	Long
(DVY B+)	iShares Select Dividend ETF	76.95	-23.60%	Long
(IWM B+)	iShares Russell 2000 ETF	120.34	-23.63%	Long
(SCHA A+)	Schwab U.S. Small-Cap ETF	54.58	-24.41%	Long
(INDA B+)	iShares MSCI India ETF	26.11	-25.51%	Long
(XRT A)	SPDR S&P Retail ETF	33.58	-25.59%	Long
(FNDF B+)	Schwab Fundamental International Large Company Index ETF	21.18	-25.61%	Long
(GUNR A)	FlexShares Morningstar Global Upstream Natural Resources Index ETF Index Fund	24.85	-25.84%	Long
(VNQI A+)	Vanguard Global ex-U.S. Real Estate ETF	43.18	-26.19%	Long
(PXF A)	Invesco FTSE RAFI Developed Markets ex-U.S. ETF	30.76	-26.76%	Long
(EWA B+)	iShares MSCI Australia ETF	16.09	-26.80%	Long

Reuters
Oil prices dip but recovery confidence limits fall
LONDON (Reuters) -Oil prices edged lower Monday as underwhelming Chinese manufacturing data and fresh restrictions in Asia sparked by surging COVID-19 cases weighed on sentiment, although European economic reopenings lent some support. Brent crude fell 30 cents, or 0.4%, to $68.41 a barrel at 1302 GMT, and West Texas Intermediate (WTI) U.S. crude was down by 34 cents, or 0.5%, at $65.03. "The market is seemingly trapped between observing encouraging improvements in demand in the United States and Europe, and the sluggishness in consumption due to the persistence of COVID-19 in Asia," said StoneX analyst Kevin Solomon.
13h ago
Bloomberg
A New Era of Short Bets Against German Bonds Is Beginning
(Bloomberg) -- There’s an unwritten rule in global bond markets: never short Germany.But when Europe’s safest asset is in the midst of a retreat that threatens to push yields on bunds above 0% for the first time in more than two years, a paradigm shift may be underway.Toronto-Dominion Bank was forced to close its recommendation for investors to buy German bonds last week, after yields climbed above their stop-loss level. NatWest Markets are calling for investors to sell bunds, hailing the end of the “supercycle” that has seen the securities rally for the best part of two decades. Goldman Sachs Group Inc. and ING Groep NV are among banks who see yields rising to 0% by the end of the year.“The accelerating selloff in Germany is probably the defining feature of the market right now,” said Richard McGuire, head of rates strategy at Rabobank International.As the vaccine rollout gathers pace across the region, bets are on for a remarkable economic comeback -- and an accompanying spike in inflation. That, and the prospect of reduced bond buying by the European central bank, has eroded the haven appeal of bunds, while simultaneously threatening to sap appetite for high-yielding notes of debt-loaded nations like Italy.“The two cannot coexist happily with each other,” McGuire said. “There is a tension between bund yields rising as the market prices out ECB support and, at the same time, it putting upward pressure on peripheral borrowing costs.”Long-term investors have had to pay up for the privilege of holding German debt, which is seen as some of the safest that money can buy -- a reflection of its scarcity and the ECB’s extraordinary package of stimulus measures. That process was turbo-charged by the pandemic, pushing 10-year yields down to within touching distance of minus 1% last year.But expectations are growing that the ECB could start tapering its pandemic program this summer, potentially removing a key pillar of support, even as borrowing needs remain high. While quantitative easing helped cover the growing deficits of Italy and Spain during the pandemic so far, that might not be the case this year, HSBC Holdings Plc said.There’s also a political dimension to the rising yields.The growing strength of Germany’s Green party is feeding through into bets elections later this year could trigger a break with the nation’s traditional fiscal caution. Germany has historically maintained a so-called debt brake over the years, keeping the budget balanced and bond issuance limited.The 30-year swap spread -- which is sensitive to expectations of bond supply -- narrowed last week by the most in more than a year as investors prepare for increased spending and less monetary support.“It’s a quiet revolution,” wrote Giles Gale, head of European rates strategy at NatWest. Although the ECB “are buying at a stonking pace, they aren’t soaking up all the gross supply.”Reflation FrenzyWhile U.S. Treasuries have been caught in the reflation frenzy since the start of February, the fact that yields are catching up in Germany -- a bastion of tepid price increases -- is sending ripples across markets.The world’s stock of negative-yielding investment grade debt -- of which Europe made up the bulk -- has fallen to around 12 trillion dollars, the lowest level since June last year. As a share of outstanding debt, it’s now below 20%, compared with more than 30% at its peak in 2019.In equities, investors are rotating out of more expensive growth stocks and into cheaper value securities, according to Kasper Elmgreen, head of equities at Amundi SA.And European corporate bonds are feeling the effects too. The latest jump in yields has pushed about 80% of high-grade notes sold this year below their issue price, based on data compiled by Bloomberg. That’s up from earlier this month when the share of post-issuance losers stood at just under 50%.Traders have accumulated the largest short position in junk bonds since 2008 and high-grade short-selling has risen to its highest level since early 2014.The pickup in reflation bets in markets matches the outlook among economists surveyed by Bloomberg. The latest data show them raising their forecasts for consumer-price growth in the euro to 2.3% in the fourth quarter from 2.2% previously, and clearly above the ECB’s medium-term target of just under 2%.Positive bund yields would also have a psychological impact.In BofA Global Research’s latest European credit investor survey, 15% of respondents said the rally in corporate bonds will be done when 10-year German yields turn positive, making it the second most-cited bearish trigger after central bank tapering.“Everyone is at peak inflation panic,” said Charles Diebel, a money manager at Mediolanum SpA. “It’s psychologically important.”This Week:German, French and Spanish bond auctions totaling about 29 billion euros. The U.K. Will sell 3-, 15- and 20-year giltsPreliminary manufacturing and services PMIs for May in euro-area, Germany, France and U.K. will be in focus on FridayECB President Christine Lagarde speaks twice, as does chief economist Philip LaneFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
1d ago
Bloomberg
First Saudi Tech Startup That Could Go Public Picks HSBC for IPO
(Bloomberg) -- Saudi food delivery firm Jahez has hired HSBC Holdings Plc’s local unit to help manage what could be the first listing by a tech startup in the kingdom.Jahez International Company for Information Technology picked HSBC Saudi Arabia as the sole financial adviser and global coordinator for its potential IPO on Nomu, the Saudi stock exchange’s secondary market, which imposes lighter listing requirements to encourage smaller businesses and startups to raise equity.Founded in 2016, the homegrown firm serves around 2 million customers in the kingdom, and processed about 20 million restaurant orders through its app in 2020, it said on Monday, without disclosing details about its potential valuation. It closed a $36.5 million funding round last year.“We will continue to expand our platform to tap into new growth opportunities offered by rapid, technology-enabled changes in consumer behavior, both in Saudi Arabia and in the wider region,” said Ghassab Al Mandeel, chief executive officer at Jahez.Food delivery companies have been flooded with cash from investors betting the pandemic brought a permanent shift in shopper habits.Getir, DeliverooStartups including Turkish retail delivery app Getir and Berlin-based grocery delivery app Gorillas have rapidly hit billion-dollar valuations. In the U.K., Deliveroo raised 1.5 billion pounds ($2.1 billion) in its listing March 31 but then saw its shares plunge more than 30% in their debut.Jahez is the biggest locally owned player in the kingdom, competing with the likes of Uber Technologies Inc.-owned Careem Now and Delivery Hero SE-backed Hunger Station and Talabat. Jahez has also been expanding in other areas such as last-mile logistics and cloud kitchens.The IPO could add to a string of listings in Saudi Arabia, where companies are taking advantage of investors’ demand for new offerings and as state entities look to raise money to bankroll efforts to diversify the economy.Saudi grocery delivery app Nana also raised $18 million last year, tapping investors including venture capital fund STV and Middle East Venture Partners to expand across the Middle East.Saudi Arabia’s consumer spending is on the mend, with its non-oil economy -- the engine of job creation -- rebounding in the first quarter to pre-pandemic levels following a recession.Jahez said “an improving Saudi economy and the resulting rise in employment and disposable income” will fuel further food and e-commerce spending.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
9h ago
MarketWatch
American households will finally get their Child Tax Credit boost — here’s when that first payment will arrive
The payments will reach households raising more than 65 million children, according to senior administration officials.
3h ago
Reuters
BP's lobbying for gas shows rifts over path to net-zero emissions
Oil major BP has lobbied for the EU to support natural gas, a move that exposes divergent views among investors and reflects a wider European dispute about the role of the fossil fuel in the transition to a lower-carbon world. The European Commission - aiming to reach net-zero greenhouse gas emissions by 2050 - had planned to omit gas-fuelled power plants from a new list of investments that can be marketed as sustainable, but delayed the decision last month following complaints from some countries and companies. Britain's BP was among those lobbying against the plan.
10h ago
MoneyWise
You may get a surprise stimulus check from the IRS if you recently filed taxes
Now that the IRS knows more about your earnings, you may be eligible for more support.
2d ago
Bloomberg
The World Economy Is Suddenly Running Low on Everything
(Bloomberg) -- A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The frenzy is pushing supply chains to the brink of seizing up. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation.Copper, iron ore and steel. Corn, coffee, wheat and soybeans. Lumber, semiconductors, plastic and cardboard for packaging. The world is seemingly low on all of it. “You name it, and we have a shortage on it,” Tom Linebarger, chairman and chief executive of engine and generator manufacturer Cummins Inc., said on a call this month. Clients are “trying to get everything they can because they see high demand,” Jennifer Rumsey, the Columbus, Indiana-based company’s president, said. “They think it’s going to extend into next year.”The difference between the big crunch of 2021 and past supply disruptions is the sheer magnitude of it, and the fact that there is — as far as anyone can tell — no clear end in sight. Big or small, few businesses are spared. Europe’s largest fleet of trucks, Girteka Logistics, says there’s been a struggle to find enough capacity. Monster Beverage Corp. of Corona, California, is dealing with an aluminum can scarcity. Hong Kong’s MOMAX Technology Ltd. is delaying production of a new product because of a dearth of semiconductors. Read More: How the World’s Companies Wound Up in a Deepening Supply Chain NightmareFurther exacerbating the situation is an unusually long and growing list of calamities that have rocked commodities in recent months. A freak accident in the Suez Canal backed up global shipping in March. Drought has wreaked havoc upon agricultural crops. A deep freeze and mass blackout wiped out energy and petrochemicals operations across the central U.S. in February. Less than two weeks ago, hackers brought down the largest fuel pipeline in the U.S., driving gasoline prices above $3 a gallon for the first time since 2014. Now India’s massive Covid-19 outbreak is threatening its biggest ports. For anyone who thinks it’s all going to end in a few months, consider the somewhat obscure U.S. economic indicator known as the Logistics Managers’ Index. The gauge is built on a monthly survey of corporate supply chiefs that asks where they see inventory, transportation and warehouse expenses — the three key components of managing supply chains — now and in 12 months. The current index is at its second-highest level in records dating back to 2016, and the future gauge shows little respite a year from now. The index has proven unnervingly accurate in the past, matching up with actual costs about 90% of the time.To Zac Rogers, who helps compile the index as an assistant professor at Colorado State University’s College of Business, it’s a paradigm shift. In the past, those three areas were optimized for low costs and reliability. Today, with e-commerce demand soaring, warehouses have moved from the cheap outskirts of urban areas to prime parking garages downtown or vacant department-store space where deliveries can be made quickly, albeit with pricier real estate, labor and utilities. Once viewed as liabilities before the pandemic, fatter inventories are in vogue. Transport costs, more volatile than the other two, won’t lighten up until demand does.“Essentially what people are telling us to expect is that it’s going to be hard to get supply up to a place where it matches demand,” Rogers said, “and because of that, we’re going to continue to see some price increases over the next 12 months.”More well-known barometers are starting to reflect the higher costs for households and companies. An index of U.S. consumer prices that excludes food and fuel jumped in April from a month earlier by the most since 1982. At the factory gate, the increase in prices charged by American producers was twice as large as economists expected. Unless companies pass that cost along to consumers and boost productivity, it'll eat into their profit margins.A growing chorus of observers are warning that inflation is bound to quicken. The threat has been enough to send tremors through world capitals, central banks, factories and supermarkets. The U.S. Federal Reserve is facing new questions about when it will hike rates to stave off inflation — and the perceived political risk already threatens to upset President Joe Biden's spending plans. “You bring all of these factors in, and it’s an environment that’s ripe for significant inflation, with limited levers” for monetary authorities to pull, said David Landau, chief product officer at BluJay Solutions, a U.K.-based logistics software and services provider.Policy makers, however, have laid out a number of reasons why they don’t expect inflationary pressures to get out of hand. Fed Governor Lael Brainard said recently that officials should be “patient through the transitory surge.” Among the reasons for calm: The big surges lately are partly blamed on skewed comparisons to the steep drops of a year ago, and many companies that have held the line on price hikes for years remain reticent about them now. What's more, U.S. retail sales stalled in April after a sharp rise in the month earlier, and commodities prices have recently retreated from multi-year highs. Read More: Fed Officials Have Six Reasons to Bet Inflation Spike Will PassCaught in the crosscurrents is Dennis Wolkin, whose family has run a business making crib mattresses for three generations. Economic expansions are usually good for baby bed sales. But the extra demand means little without the key ingredient: foam padding. There has been a run on the kind of polyurethane foam Wolkin uses — in part because of the deep freeze across the U.S. South in February, and because of “companies over-ordering and trying to hoard what they can.”“It’s gotten out of control, especially in the past month,” said Wolkin, vice president of operations at Atlanta-based Colgate Mattress, a 35-employee company that sells products at Target stores and independent retailers. “We’ve never seen anything like this.”Though polyurethane foam is 50% more expensive than it was before the Covid-19 pandemic, Wolkin would buy twice the amount he needs and look for warehouse space rather than reject orders from new customers. “Every company like us is going to overbuy,” he said.Even multinational companies with digital supply-management systems and teams of people monitoring them are just trying to cope. Whirlpool Corp. CEO Marc Bitzer told Bloomberg Television this month its supply chain is “pretty much upside down” and the appliance maker is phasing in price increases. Usually Whirlpool and other large manufacturers produce goods based on incoming orders and forecasts for those sales. Now it’s producing based on what parts are available.“It is anything but efficient or normal, but that is how you have to run it right now,” Bitzer said. “I know there’s talk of a temporary blip, but we do see this elevated for a sustained period.”The strains stretch all the way back to global output of raw materials and may persist because the capacity to produce more of what’s scarce — with either additional capital or labor — is slow and expensive to ramp up. The price of lumber, copper, iron ore and steel have all surged in recent months as supplies constrict in the face of stronger demand from the U.S. and China, the world’s two largest economies.Crude oil is also on the rise, as are the prices of industrial materials from plastics to rubber and chemicals. Some of the increases are already making their ways to the store shelf. Reynolds Consumer Products Inc., the maker of the namesake aluminum foil and Hefty trash bags, is planning another round of price increases — its third in 2021 alone.Food costs are climbing, too. The world’s most consumed edible oil, processed from the fruit of oil palm trees, has jumped by more than 135% in the past year to a record. Soybeans topped $16 a bushel for the first time since 2012. Corn futures hit an eight-year high while wheat futures rose to the highest since 2013.A United Nations gauge of world food costs climbed for an 11th month in April, extending its gain to the highest in seven years. Prices are in their longest advance in more than a decade amid weather worries and a crop-buying spree in China that’s tightening supplies, threatening faster inflation.Earlier this month, the Bloomberg Commodity Spot Index touched the highest level since 2011. A big reason for the rally is a U.S. economy that’s recovering faster than most. The evidence of that is floating off the coast of California, where dozens of container ships are waiting to offload at ports from Oakland to Los Angeles. Most goods are flooding in from China, where government figures last week showed producer prices climbed by the most since 2017 in April, adding to evidence that cost pressures for that nation’s factories pose another risk if those are passed on to retailers and other customers abroad. Across the world’s manufacturing hub of East Asia, the blockages are especially acute. The dearth of semiconductors has already spread from the automotive sector to Asia’s highly complex supply chains for smartphones.Read More: World Is Short of Computer Chips. Here’s Why: QuickTakeJohn Cheng runs a consumer electronics manufacturer that makes everything from wireless magnetic smartphone chargers to smart home air purifiers. The supply choke has complicated his efforts to develop new products and enter new markets, according to Cheng, the CEO of Hong Kong-based MOMAX, which has about two-thirds of its 300 employees working in a Shenzhen factory. One example: Production of a new power bank for Apple products such as the iPhone, Airpods, iPad and Apple watch has been delayed because of the chip shortage.Instead of proving to be a short-lived disruption, the semiconductor crunch is threatening the broader electronics sector and may start to squeeze Asia’s high-performing export economies, according to Vincent Tsui of Gavekal Research. It’s “not simply the result of a few temporary glitches,” Tsui wrote in a note. “They are more structural in nature, and they affect a whole range of industries, not just automobile production.”In an indication of just how serious the chips crunch is, South Korea plans to spend roughly $450 billion to build the world’s biggest chipmaking base over the next decade.Meanwhile, running full tilt between factories and consumers are the ships, trucks and trains that move parts along a global production process and finished goods to market. Container vessels are running at capacity, pushing ocean cargo rates to record highs and clogging up ports. So much so that Columbia Sportswear Co.’s merchandise shipments were delayed for three weeks and the retailer expects its fall product lineup will arrive late as well. Executives at A.P. Moller-Maersk A/S, the world’s No. 1 container carrier, say they see only a gradual decline in seaborne freight rates for the rest of the year. And even then, they don’t expect a return to the ultra-cheap ocean cargo service of the past decade. More capacity is coming in the form of new ships on order, but they take two or three years to build.HSBC trade economist Shanella Rajanayagam estimates that the surge in container rates over the past year could raise producer prices in the euro zone by as much as 2 percent.Rail and trucking rates are elevated, too. The Cass Freight Index measure of expenditures reached a record in April — its fourth in five months. Spot prices for truckload service are on track to rise 70% in the second quarter from a year earlier, and are set to be up about 30% this year compared with 2020, Todd Fowler, a KeyBanc Capital Markets analyst, said in a May 10 note.“We expect pricing to remain elevated given lean inventories, seasonal demand and improving economic activity, all of which is underpinned by capacity constraints from truck production limitations and driver availability challenges,” Fowler said.What Bloomberg Intelligence Says:“Most modes of freight transportation have pricing power. Supply-demand imbalances should help keep rates high, albeit they should moderate for current unsustainable levels as supply chains improve. This is stressing networks, creating bottlenecks in the supply chains and capacity constraints.”--Lee Klaskow, senior analystFor London-based packaging company DS Smith Plc, challenges are coming from multiple sides. During the pandemic, customers rushed to online purchases, raising demand for its ePack boxes and other shipping materials by 700%. Then came the doubling of its supply costs to 200 euros ($243) a ton for the recycled fiber it uses to make its products.“That’s a significant cost” for a company that buys 4 to 5 million tons of used fiber annually, said Miles Roberts, DS Smith’s group chief executive, who doesn’t see the lockdown-inspired web purchasing as a temporary trend. “The e-commerce that has increased is here to stay.”At Colgate Mattress, Wolkin used to be able to order foam on Mondays and have it delivered on Thursdays. Now, his suppliers can’t promise anything. What’s clear is he can’t sustain the higher input costs forever and still maintain quality. “This is kind of a long-term issue,” Wolkin said. “Inflation is coming — at some point, you’ve got to pass this along.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
10h ago
FX Empire
Havoc in the Crypto Market as Bitcoin Drops to its Lowest Levels Since February
Consequently, data retrieved from Glassnode affirmed the Bitcoin supply held by long term holders has returned to accumulation mode, even as price dips.
6h ago
MarketWatch
‘Bitcoin is melting.’ Here’s what a 30% drop from highs in the crypto may say about stock-market risk sentiment
What does a weekend meltdown in bitcoin prices portend for U.S. stocks? Bitcoin (BTCUSD) is supposed to be an asset that isn’t highly correlated with equity markets, or any other traditional asset for that matter, but some analysts have pointed out that the cryptocurrency has traded in closer step with parts of the market amid the recent turbulence in equities as investors attempt to assess the most effective strategies for playing an economy recovering from the worst pandemic in more than a century. In a blog post on Sunday, Mott Capital’s Michael Kramer said that bitcoin’s recent breakdown could signal that risk appetite on Wall Street is in transition — presumably in a bearish direction.
11h ago
Benzinga
George Soros Buys Millions' Worth of Stocks Linked to Bill Hwang's Archegos Collapse: Bloomberg
George Soros reportedly snapped up stocks that took a hit amid the collapse of Archegos Capital Management in March. What Happened: Billionaire George Soros' investment firm Soros Fund Management bought shares of CBS Corporation (NASDAQ: VIAC), DISCOVERY COMMUNICATIONS INC (NASDAQ: DISCA) and Baidu Inc (NASDAQ: BIDU) as these stocks were at a discount after Bill Hwang's Archegos Capital Management collapsed, Bloomberg reports. Soros bought $194 million in ViacomCBS shares and $77 million in Baidu shares, the report said. The firm also bought $46 million worth of Vipshop Holdings Ltd (NYSE: VIPS) shares and $34 million of Tencent Music Entertainment Group's (NYSE: TME) shares. A person familiar with the fund's trading told Bloomberg that the company didn't hold the shares before Archegos' implosion. Why It Matters: Hwang ran a family office that imploded in March and caused massive losses at a few big banks when Archegos couldn't meet margin calls. Archegos had more than $20 billion of capital and total bets exceeding $100 billion. Hwang was very successful with his family office until he began to overutilize leverage, or borrowed money, to chase higher returns in the market. The problem with this strategy comes when investments start to lose money, and the banks lending the investor money begin to get nervous and initiate margin calls. Subsequently, shares of Archegos investments ViacomCBS, Discovery and others temporarily crashed during the Archegos unwinding. Global banks lost nearly $10 billion from the Archegos fallout. Credit Suisse Group AG (NYSE: CS), Nomura Holdings Inc (TYO: 8604) and Morgan Stanley (NYSE: MS) were among the hardest hit. Image Credit: CC BY 2.5, Wikimedia Commons See more from BenzingaClick here for options trades from BenzingaAT&T, Discovery In Talks To Merge Media Assets: Bloomberg© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
19h ago
MarketWatch
This robot-run fund loaded up on Tesla because it thinks the stock will soar. It’s been right before.
An exchange-traded fund driven by artificial intelligence has just loaded up on shares in Tesla — and it has a history of correctly predicting the stock’s price swings.
10h ago
MoneyWise
Want the monthly child tax credit payments for families? Be sure to do this
The IRS has advice for parents wanting to benefit from this year's expanded child credit.
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Barrons.com
Bitcoin Climbs in Latest Roller Coaster Fueled by Elon Musk’s Twitter Account
Bitcoin prices slumped on Sunday, only to recover at the start of the week as Tesla CEO Elon Musk took to Twitter to say the company hasn't sold any.
3h ago
Barrons.com
The SPAC Bubble Has Popped. Where to Find Bargains Among the Wreckage.
After a three-month run of immense popularity to start 2021, special purpose acquisition companies have seen investor appetite dry up.
3h ago
LA Times
Bitcoin tumbles after Musk implies Tesla may sell cryptocurrency
Elon Musk continued to whipsaw the price of bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings.
14h ago
MarketWatch
‘Come on, it’s over a year’: Spare a thought for these people who are still waiting for their 2019 tax refund
Taylor Adams is using her 2020 tax refund to bulk up her savings, and pay for improvements to her new North Carolina house. Approximately 15 months after Adams mailed in a federal income tax return seeking a $933 refund, she and her husband are still waiting for a check. “I feel kind of lost because I’ve heard nothing about it,” said Adams, 27, who lives in the suburbs of Charlotte, N.C. “Time just kept passing on and we still didn’t receive it and, next you know, it’s already time to file our 2020 taxes.”
5h ago
TipRanks
3 “Strong Buy” Stocks Under $10 That Are Poised to Break Out
Let’s talk a bit about growth and potential. The two are not always the same thing, but they both are vital for successful investing. The aim of all stock investments, after all, is to achieve growth – and that means finding stocks with the highest potential. It’s natural to gravitate toward the headline-grabbing, big-name giants; they’ve got huge market valuations, and have made their early investors very happy. But there’s an unfortunate truism in the markets, based on the iron rules of mathematics, that the larger a company gets, the less likely it is to show big returns. It’s far more likely for a $200 million company to double in value than for a $200 billion giant. And this brings us to the small-cap stocks. For investors seeking the best combination of high potential for growth and low cost of entry, the small caps may be just the ticket. We’ve used the TipRanks database to find several that fit a profile: a market cap under $400 million and a share price below $10. Even better, these small-cap tickers have Strong Buy consensus ratings from the analyst community, and boast strong upside potential. PowerFleet, Inc. (PWFL) The Internet of Things is transforming a host of industries, from factory floors to warehouses to trucking fleets. PowerFleet, the first small-cap stock we’re looking at, applies IoT and M2M tech to the security, control, tracking, and management of high-end assets, including tractor-trailers, containers, industrial trucks, and cargo, vehicle, and truck fleets. PowerFleet’s 1Q revenue was consistent with the previous quarter, and included an improvement in earnings. At the top line, the reported revenue of $29 million was only 1.3% off of Q4’s result. The 9-cent EPS loss reported was a 25% improvement from the 12-cent loss reported in the previous quarter. Year-over-year, EPS improved by 40%. Earlier this month, PowerFleet scored two major new contracts. On May 10, the company announced a 4-year contract with the Israel Police for implantation of a fleet management and driver solution system for more than 7,500 vehicles of 61 different types. The contract includes an option for a 4-year renewal. Two days later, PowerFleet announced a smaller deal with Alabama-based White Oak Transportation, to supply tracking services for the trucking company’s fleet of 850 vehicles, especially its cargo trailers. Covering PowerFleet for Canaccord, 5-star analyst Michael Walkley sees a clear path ahead for the company's continued growth. “With 600K+ subscribers, PowerFleet has the scale and international footprint to compete for global tenders against leading fleet and asset tracking competitors. For fleet management, PowerFleet is one of the only true end-to-end solutions in the market spanning in-cab, refrigerated trailers, dry vans, and containers," Walkley opined. The analyst added, "We believe PowerFleet has a strong product portfolio and a leading solutions platform to grow its market share. This strength is demonstrated by its expansive global customer base… We believe PowerFleet has the leadership team in place to execute on its growth strategy and anticipate recovering sales and expanding margins as global economies recover.” To this end, Walkley rates PWFL a Buy, and his $12 price target implies a one-year upside of 84%. (To watch Walkley’s track record, click here) Overall, the unanimous Strong Buy consensus rating here, based on 4 recent positive reviews, shows that Wall Street agrees with Walkley on this stock. The shares are trading for $6.51, and the average price target of $11.13 indicates a potential upside of 71% for the next 12 months. (See PWFL stock analysis on TipRanks) AXT, Inc. (AXTI) AXT is a material science company that inhabits the supply chain for the semiconductor industry. AXT develops and manufactures the high-performance rare-metal substrate wafers necessary in the construction of semiconductor chips and optoelectronic devices. AXT has operations in both California and China, staying close to Silicon Valley customers and Chinese raw materials. The company holds a vital niche in the chip industry, and its revenue and earnings have been reflecting that. In the first quarter of 2021, revenue hit $31.4 million, passing the $30 million mark for the first time on 51% year-over-year growth. EPS hit 8 cents, a dramatic turnaround from the 1-cent loss reported in the year-ago quarter. Along with the Q1 results, AXT also announced its first deliveries of 8-inch diameter gallium arsenide (GaAs) substrates to a major customer. AXT has received ‘significant interest’ from potential customers of GaAs products, and predicts increasing demand as the products finds more applications. Analyst Richard Shannon, covering this stock for Craig-Hallum, takes especial note of the increasing demand for the company’s products. “The demand profile from InP (optics, health monitoring) and GaAs (5G, optics, 3DS, microLED) are as powerful as any we can find across small-cap tech. With an improving customer set (tier 1’s driving much of future growth), GM that can still grow and valuation improvement potential from a STAR exchange listing in mid-2022, investors have multiple ways to win in this stock," Shannon wrote. Shannon’s bullish comments back up his Buy rating, and his $17 price target suggests a 90% growth potential in the year ahead. (To watch Shannon’s track record, click here) The Wall Street reviews on AXTI break down 3 to 1 in favor of Buys versus Holds, giving the stock its Strong Buy consensus rating. Shares in AXTI are selling for $8.95 each, and the average target of $16 indicates a possible upside of ~79% from that level. (See AXTI stock analysis on TipRanks) CECO Environmental (CECE) For the last stock on our list, we’ll shift to the green economy, where CECO Environmental develops, provides, and install air quality and fluid handling systems. In short, the company deals in air pollution control technology, a niche that has been in demand since the 1970s. CECO provides know-how and systems in a wide range of industries, including construction materials like bricks, cement, steel, and glass; and manufacturing, in the automotive, aerospace, pharmaceutical, chemical, and fuel refining sectors. In the company’s most recent financial release, for 1Q21, the top line came in at $71.9 million, just under the $80.5 million reported in the year-ago quarter, while EPS fell from 10 cents per share one year ago to 3 cents in the current report. In more positive notes, the company reported a year-over-year increase in bookings, from $75.7 million to $92.1 million, and the work backlog of $203.1 million was up 11% from one year ago. A few days after the earnings release, CECO announced that it had won a large-scale contract with a major semiconductor chip manufacturer. The chip industry regularly works with a variety of rare metals and other pollutant chemicals – and CECO’s new contract covers scrubber and exhaust systems, as well as recirculation pumps -- items necessary for the chip maker to meet or exceed environmental regulations. Turning to the analyst community, H.C. Wainwright analyst Amit Dayal believes the company has a lot going for it and a bright future. “The company appears to be in recovery from COVID-19 headwinds, with bookings growing to $92.1M during the quarter... The last time bookings were at or above these levels was during mid-2019…. During the next few quarters, we expect to see improved revenues from Engineered Systems as the broader energy markets improve. Management highlighted that the company's bid proposal environment has been improving, with order pipeline of over $2.0B, which we believe should support continuing order improvement over the next few quarters,” the 5-star analyst explained. Based on the above, Dayal rates CECE shares a Buy rating, and his $15 price target indicates confidence in a 100% upside for the year ahead. (To watch Dayal’s track record, click here) Once again, we’re looking at a stock with a unanimous Strong Buy consensus rating – this one based on 3 positive Wall Street reviews. The shares are selling for $7.50 and have a $12 average price target, suggesting a 12-month upside of 60%. (See CECE stock analysis on TipRanks) To find good ideas for small-cap stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
20h ago
Bloomberg
Bitcoin Tumbles After Musk Implies Tesla May Sell Cryptocurrency
(Bloomberg) -- Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings.Bitcoin slid below $45,000 for the first time in almost three months after the billionaire owner of the electric-car maker seemed to agree with a Twitter post that said Tesla should divest what at one point was a $1.5 billion stake in the largest cryptocurrency. It traded at $45,270 as of 5:51 p.m. in New York, down about $4,000 from where it ended Friday.The online commentary was the latest from the mercurial billionaire in a week of public statements that have roiled digital tokens. He lopped nearly $10,000 off the price of Bitcoin in hours last Wednesday after saying Tesla wouldn’t take it for cars. A few days earlier, he hosted “Saturday Night Live” and joked that Dogecoin, a token he had previously promoted, was a “hustle,” denting its price. Days later he tweeted he was working with Doge developers to improve its transaction efficiency.Musk’s disclosure in early February that Tesla used $1.5 billion of its nearly $20 billion in corporate cash to buy Bitcoin sent the token’s price to record and lent legitimacy to electronic currencies, which have become more of a mainstream asset in recent years despite some skepticism.His latest dustup with Bitcoin started with a tweet from a person using the handle @CryptoWhale, which said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. With the amount of hate @elonmusk is getting, I wouldn’t blame him...”The Tesla chief executive officer responded, “Indeed.”The twitter account @CryptoWhale, which calls itself a “crypto analyst” in its bio, also publishes a Medium blog on market and crypto trends.Musk has spent hours Sunday hitting back at several different users on Twitter who criticized his change of stance on Bitcoin last week, a move he said was sparked by environmental concerns over the power demands to process Bitcoin transactions. He said at the time that the company wouldn’t be selling any Bitcoin it holds.An outspoken supporter of cryptocurrencies with cult-like following on social media, Musk holds immense sway with his market-moving tweets. He has been touting Dogecoin and significantly elevated the profile of the coin, which started as a joke and now ranks the 5th largest by market value.Dogecoin is down 9.6% in the last 24 hours, trading at 47 cents late Sunday afternoon, according to data from CoinMarketCap.com.Tesla didn’t immediately respond to an email seeking comment on Musk’s tweet on Sunday.Read More: Elon Musk Just Reopened an Old Wound in the Bitcoin WorldMusk’s Sunday social-media escapades were the latest chapter in one of the zaniest weeks in a crypto world famous for its wildness. For die hards, the renewed slumps in Bitcoin and other tokens have done nothing to deter crypto enthusiasts who say digital coins could many times their current value if they transform the financial system.“We’re looking at the long-term and so these blips, they don’t faze us,” Emilie Choi, president and chief operating officer of crypto exchange Coinbase Global Inc., said last week on Bloomberg TV about the wild swings prevalent in the market. “You’re looking for the long-term opportunity and you kind of buckle up and go for it.”Seat belts were needed by anyone watching the crypto world in the past eight days. Aside from Musk’s antics that sent Doge and Bitcoin on wild rides, a host of other developments pushed around prices.Tether, the world’s largest stablecoin, disclosed a reserves breakdown that showed a large portion in unspecified commercial paper. Steve Cohen’s Point72 Asset Management announced that it would begin trading cryptocurrencies. And a longstanding critique of the space reared its head again: illicit usage.It was reported that the owners of the Colonial Pipeline paid a $5 million ransom in untraceable digital currencies to hackers that attacked its infrastructure, while Bloomberg also reported that Binance Holdings Ltd., the world’s biggest cryptocurrency exchange, was under investigation by the Justice Department and Internal Revenue Service in relation to possible money-laundering and tax offenses.But, “for many crypto assets such as Bitcoin and Ethereum, the long-term story has not changed,” said Simon Peters, an analyst at multi-asset investment platform eToro. “This emerging asset class continues to revolutionize many aspects of financial services, and while nothing goes up in a straight line, the long-term fundamentals for crypto assets remain as solid as ever.”Bitcoin was already swinging wildly on the weekend before Musk tweeted. The two days tend to be particularly volatile for cryptocurrencies, which -- unlike most traditional assets -- trade around the clock every day of the week. Bitcoin’s average swing on Saturdays and Sundays so far this year comes in at 4.95%.That type of volatility is owing to a few factors: Bitcoin’s held by relatively few people, meaning that price swings can be magnified during low-volume periods. And, the market remains hugely fragmented with dozens of platforms operating under different standards. That means cryptocurrencies lack a centralized market structure akin to that of traditional assets.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
16h ago
MarketWatch
The painful tech selloff is an opportunity to own these long-term growth winners, analyst says
Inflation fears seem to have taken a back seat for the moment, on what looks set to be a quiet start to the week. However, U.S. stocks are set to open lower.
2h ago
Investopedia
How Does an Employer Benefit From a 401(K) Matching Plan?
Companies match 401(k) plan contributions to attract talent, encourage employee enrollment in the plan, and to get a tax deduction.
2d ago

Symbol	Last Price	Change	% Change
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF	111.14	-0.09	-0.08%
EWH iShares MSCI Hong Kong ETF	27.01	-0.08	-0.30%
EWJ iShares MSCI Japan ETF	66.42	-0.59	-0.88%
EWY iShares MSCI South Korea ETF	88.62	-1.91	-2.11%
HYG iShares iBoxx $ High Yield Corporate Bond ETF	87.15	-0.06	-0.07%

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