|Bid||26.97 x 1000|
|Ask||31.00 x 800|
|Day's Range||29.75 - 30.25|
|52 Week Range||26.28 - 38.98|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.02|
|Expense Ratio (net)||0.65%|
CNBC's Bob Pisani reports on the market action intraday including social media stocks sink as fallout from Facebook data breach continues.
Amid Thursday's carnage in the technology sector, the Global X Social Media ETF (SOCL) followed the broader market lower, but Apple Inc.'s (AAPL) was not the primary reason the social media exchange traded fund slipped. SOCL, which tracks the Solactive Social Media Total Return Index, staggered yesterday following downgrades to some of the fund's marquee components, including Facebook Inc. (FB).
In the wake of declining shares and reduced investor confidence, Facebook CEO Mark Zuckerberg is taking on a more aggressive management style in an effort to prop up the social media giant as shares fell 5% on Monday, while exchange-traded funds (ETFs) with the heaviest Facebook allocations faltered. The Communication Services Select Sector SPDR Fund (XLC) fell 2.12%, Vanguard Telecom Services (VOX) was down 1.96% and the iShares Global Telecom (IXP) slid 1.48%. In addition, the Global X Social Media ETF (SOCL) stumbled 2.78%.
Communication services and internet ETFs popped after Facebook (etftrends.com/quote/FB) third quarter results easily topped Wall Street expectations. On Wednesday, the Communication Services Select Sector ...
Social media stocks and sector related ETF strengthened Thursday, with Twitter (etftrends.com/quote/TWTR) leading the charge after beating third quarter expectations. The Global X Social Media ETF (SOCL) popped 4.5% on Thursday. Lifting the sector-related ETF, Twitter shares jumped 15.1% Thursday after climbing as high as 22% earlier in the day, testing both its short- and long-term resistances at the 50- and 200-day simple moving average.
Despite the slide, the technology sector is still the best performing sector of this year and is enjoying the longest bull run. As a result, investors could do some bargain hunting in the basket form via ETFs.
As if Labor Day Weekend barbecue wasn't enough, lawmakers for the Senate Intelligence Committee and House Energy and Commerce Committee grilled top social media executives today for Twitter and Facebook regarding efforts to parry foreign influence operations on their respective platforms. The Global X Social Media ETF (SOCL) stumbled 3.26% as a result of Twitter falling by more than 6% and Facebook dropping by about 2%. Twitter CEO Jack Dorsey and Facebook COO Sheryl Sandberg faced a battery of questions regarding foreign influence operations as the November midterm elections near.
The recent decline in Facebook, Inc. ( FB) shares and the better-than-expected earnings from Amazon.com, Inc. ( AMZN) have put the technology sector into the spotlight over the past several trading sessions. One of the most popular exchange-traded products that is used by retail investors for tracking the performance of technology companies is the Technology Select Sector SPDR Fund ( XLK). As earnings season continues, the dotted trendlines will undoubtedly continue to play a significant role in the placement of orders.
After the closing bell on Wednesday, Facebook (NASDAQ:FB) disappointed investors with second-quarter 2018 results. The social media giant missed the Zacks Consensus Estimate for the first time in nine quarters on earnings and in 13 quarters on revenues.Source: SilverIsdead Via Flickr
Technology ETFs have been the beneficiaries of a NASDAQ that has been on an upswing in 2018, but today, the party came to a temporary halt today for those holding Facebook as the social media company disappointed ...
The week starting Monday, July 23 brings a slew of earnings reports from members of the Dow Jones Industrial Average and S&P 500. Among the marquee names reporting for the week are Google parent Alphabet ...
The challenging situation surrounding Facebook’s data leak attracted lawmakers and put other technology companies in the limelight this last week. Trump’s latest attempt to reduce America’s large trade deficit with China sparked concerns over retaliation measures aimed at companies exporting grains, particularly soybeans. Inverse volatility made a comeback on the list due to renewed fears of escalating trade tensions, while gold proved its safe-haven status by capturing the attention of investors seeking refuge from agitated markets.
The technology sector has shown immense upside potential this month even amid market turmoil, ruffled by fears of inflation and higher-than-expected rate hikes due to an upbeat January jobs data and Fed minutes.Source: Shutterstock
February was a crazy month for investors; consequently, the landscape of best-performing exchange-traded funds expanded from primarily biotech and emerging-market ETFs in January to several other spaces for this edition of the best ETFs of the month.
The latest Fed minutes reflected the increased confidence of policy makers in U.S. inflation and the need to raise rates faster in 2018, especially amid the materialization of tax cuts. This has driven the yield on 10-year U.S. Treasury bonds to 2.94%, which is a four-year high, and was up from 2.46% recorded at the start of the year.Source: Shutterstock