|Bid||51.46 x 1100|
|Ask||52.11 x 1000|
|Day's Range||51.63 - 52.85|
|52 Week Range||42.70 - 57.07|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.98|
|Expense Ratio (net)||0.60%|
Emerging markets bear the brunt of angst over trade as President Trump threatens to slap another round of tariffs on Chinese goods. Cloud computing trended thanks to skyrocketing cloud usage and record capital expenditures of the largest cloud infrastructure players. Argentina came third in the list as optimism surfaced after government and IMF officials signaled progress in the talks regarding the improvement of a standby loan agreement approved in June. Lithium oversupply in China has sent prices to 14-month lows as cheap, locally produced material hurts the international market. The U.S. dollar closed the list due to positive reaction to strong wage data and an overall upbeat jobs report. Check out our previous trends edition at Trending: Markets Plough Ahead on NAFTA Breakthrough.
Is it true that the S&P 500 is flirting with failing to hold above the January highs? Yes. Is the Dow Jones Composite Average, which combines the Dow Jones Industrial Average, Dow Jones Transportation Average and Dow Jones Utility Average, running into the same dilemma? Yes.
The price-to-AFFO (adjusted funds from operations) ratio is considered to be the best multiple for valuing REITs like Equinix (EQIX). The multiple’s implications are similar to the PE ratio.
Equinix’s (EQIX) impressive back-to-back quarterly performances, an encouraging outlook for 2018, and a healthy demand environment for data center services have instilled confidence among analysts. This confidence is easily visible in their ratings on the stock.
First Trust Advisors L.P. (“First Trust”), a global ETF provider and asset manager, announced that Chilean pension funds investment risk rating commission, La Comisión Clasificadora de Riesgo (CCR), has approved an additional First Trust exchange-traded fund (ETF) for sale to Chilean pension funds, known as la Asociación de Administradoras de Fondos de Pensiones (AFPs). According to Chile’s pension plan investment guidelines, before an ETF can be purchased in a pension fund, it must be approved by the CCR.
Comcast (NASDAQ:CMCSA) gave up its pursuit of 21st Century Fox (NASDAQ:FOXA) assets, and will focus on trying to buy Sky (OTCMKTS:SKYYY). Comcast stock rose 3.3% on the news in early trading July 19. The move, announced shortly before trading opened,, was made inevitable by the Justice Department decision to appeal the AT&T (NYSE:T) purchase of Time Warner.
The First Trust ISE Cloud Computing Index Fund (SKYY) is among the technology ETFs in rally mode. SKYY, the first and only ETF dedicated to cloud computing companies, gained more than 3% last week on its way to a series of all-time highs. SKYY tracks the ISE Cloud Computing Index, which “is a modified equal dollar weighted index designed to track the performance of companies actively involved in the cloud computing industry.
As recently as even a few years ago, the latest moves by Comcast Corporation (NASDAQ:CMCSA) would likely have been cheered by Wall Street, and Comcast stock was an easy choice. The cable company, which is increasingly a last-mile Internet service provider competing with AT&T Inc. (NYSE:T), is trying to buy both Sky plc (OTCMKTS:SKYYY) and the entertainment assets of 21st Century Fox (NASDAQ:FOXA) the Walt Disney Co (NYSE:DIS) previously negotiated a price on. It’s the kind of big money boardroom tussle analysts love, but analysts are waking up to the fact we live in a cloud-based world and are suddenly frightened of the debt Comcast would take on if these deals get done.
These high-flying ETFs might be unpopular choices due to lower AUM and average daily volume but focuses on ???niche strategies??? aimed at a single industry or a theme.
The technology sector was battling a number of headwinds arising from a slew of negative news from some of the key companies in the space. But the tide seems to be turning around following strong earnings, leading to an end to weeks of decline for the sector’s stocks.Source: Shutterstock
The First Trust ISE Cloud Computing Index Fund (NasdaqGM: SKYY) entered Monday with a year-to-date gain of more than 9%, one of the more impressive performances among technology industry exchange traded ...
Rapidly changing technology trends are transforming the way individuals and enterprises use the internet. Internxt’s goal is to improve internet security, privacy and efficiency by leveraging the use of decentralized and blockchain technology.
Dropbox, Inc. reportedly filed for a U.S. IPO with the help of Goldman Sachs Group and JPMorgan Chase & Co, as per sources. The file-sharing private company and other players associated with the apparently confidential IPO did not make any comments.
You don’t need me to tell you that technology was the best-performing sector in the S&P 500 last year. The Technology Select Sector SPDR (NYSEARCA:XLK), the largest technology ETF by assets, jumped 34.3% in 2017, easily topping the 21.7% returned by the broader market.
Key U.S. stock indexes sold off Wednesday as earnings reports continued and amid renewed talk about changes to 401(k) contribution limits.