|Bid||25.54 x 1100|
|Ask||35.35 x 1300|
|Day's Range||28.42 - 29.41|
|52 Week Range||28.14 - 38.98|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.00|
|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.
Feb.06 -- Global X Funds Director of Research Jay Jacobs weighs in on the earnings and performance of Snap. He speaks with Emily Chang on "Bloomberg Technology."
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.
Shares of Snap Inc. (snap) are off 4.1% in Thursday's session, trading in single-digit territory for the first time in the company's history. The stock is on track to post its seventh-straight day of losses, or its 14th straight daily decline in the past 17 trading sessions. Cascend Securities analyst Eric Ross wrote midday Wednesday that the Snapchat app downloads were down on a year-over-year basis and that the company's ad business "appears to be in disarray." Also on Wednesday, the company introduced new, more mainstream versions of its Spectacles glasses.
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.
MARKET PULSE The largest exchange-traded fund to track social-media companies tumbled on Friday, dragged lower for a second straight session by a precipitous drop in Twitter shares, which tanked following disappointing quarterly results.
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 ...
MARKET PULSE The largest exchange-traded fund to track social media companies tumbled on Thursday, dragged lower by a precipitous drop in Facebook shares, which tanked following disappointing quarterly results.
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
The Internet of Things is one of the hottest areas of technology, with massive growth potential. Here is what investors need to know the ETF that targets this theme.
Stocks were mostly higher as Netflix, Amazon, Apple and Nvidia led techs. Bitcoin continued to slide amid increased scrutiny from regulators.