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SPDR S&P 500 ETF Trust is an Exchange traded fund. The fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index. The S&P 500® Index is composed of five hundred selected stocks. SPDR S&P 500 ETF Trust was founded on January 22, 1993 and is headquartered in New York, NY.
Source: Live Trading News
#stock #ivestors $DIA $SPY $QQQ $RUTX $VXX Owning stocks has a large effect on people’s attitudes in politics, financial decisions and cultural identification. Brokerage firms such as Robinhood Financial LLC, Zero-commission trading, the surge in ETFs and the growth in fractional share ownership have all had a hand in luring a new generation of investors […]
Source: Benzinga
After a higher opening, the SPDR S&P 500 ETF Trust (NYSE: SPY ) is trading flat on Tuesday and could be on track for its fifth consecutive down day. In volatile and unpredictable markets, DataTrek Research co-founder Nicholas Colas says it’s important for investors to remember three commandments of investing. First, Colas said investors shouldn’t make things harder than they have to be. He said investors should keep September’s bearish trading action in perspective. The 8.4% September sell-off is the third pullback of the large market recovery since the March lows. In each instance, the same dynamics have been in play — investors banking on expectations for a large earnings recovery at … Full story available on Benzinga.com
Source: Benzinga
After a higher opening, the SPDR S&P 500 ETF Trust (NYSE: SPY) is trading flat on Tuesday and could be on track for its fifth consecutive down day. In …
Source: Benzinga
This was a mixed week for cannabis stocks, with some ETFs in the green and others in the red. Over the five trading days of the week: The ETFMG Alternative Harvest ETF (NYSE: MJ ): lost 1.4% The AdvisorShares Pure Cannabis ETF (NYSE: YOLO ): was up 0.8% The Cannabis ETF (NYSE: THCX ): was down 2% The Amplify Seymour Cannabis ETF (NYSE: CNBS ): gained 1.2% The SPDR S&P 500 ETF Trust (NYSE: SPY ) was down 1.2%. Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF ) entered the Pennsylvania market via the acquisition of PurePenn LLC and Pioneer Leasing & Consulting LLC Keystone Relief Centers LLC (Solevo Wellness) for $46 million and $20 million, respectively. In addition, the company would provide up to approximately $60 million and $15 million in its shares, depending on the achievement of particular EBITDA milestones, both parties agreed on. Tulieve also secured CA$100.4 million in financing through an underwritten offering of its 4.1 million subordinate voting shares in a deal with Canaccord Genuity Corp.
Source: Zero Hedge
Tug Of War Across Markets Hides “Trade Of A Lifetime” Tyler Durden Sat, 09/19/2020 – [16:00] Another day, another set of market takes, warning that the recent advent of helicopter money – which resulted in a mind-boggling $21 trillion in policy stimulus, roughly a quarter of global GDP, in just the past 6 months – will lead to a 1970’s style stagflation, runaway inflation and – perhaps for some – the trade of a lifetime. In his latest Bear Trap Report, author Larry McDonald writes that ” the trade of a lifetime is found in a growing tug of war across markets.” He is referring to the ongoing clash – and most important topic in finance today – between inflation and deflation. As he adds, investors are focused on obvious deflation risk, “but the side effects of the $15 Trillion of fiscal and monetary spending globally are underappreciated” (it’s really $21 trillion according to BofA but at that number of zeroes does it really matter). And while everybody knows the COVID-19 tragedy poses a significant deflation risk – the signs are on every street corner, in McDonalds’ view, ” the ‘unexpected’ we must be positioned for is Trillions in fiscal stimulus oozing into the economy after this virus has been snuffed out.” This is a topic we touched on last week in ” Trump Agrees With Powell: “Much Higher” Fiscal Stimulus Is Needed…
Source: Benzinga
Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500’s (NYSE: SPY ) total return for the decade was 250.5%. But there’s no question some popular investments did much better than others along the way. Tech’s Huge Decade: One top performer in the last decade was the SELECT SECTOR S/TECY (NYSE: XLK ). Tech sector stocks have relentlessly led the market higher since the financial crisis back in 2008. The ETF started out the 2010s trading at around $23, and huge performances from stocks like Apple, Inc. (NASDAQ: AAPL ), Visa Inc (NYSE: V ), … Full story available on Benzinga.com
Source: Live Trading News
#WallStreet #PaulEbeling #BigTech #earnings #economy #growth #employment #interest #Bulls #money #FAANGs $DIA $SPY $QQQ $RUTX $VXX Last Week’s Action Week in Review: Another week of selling, particularly in the mega-caps The selling from the prior week carried over to the shortened trading week. The S&P 500 fell 2.5%, the NAS Comp fell 4.1%, the DJIA […]
Source: Benzinga
A shortened week kicked off on Tuesday with news about Aurora Cannabis Inc. (NYSE: ACB ) (TSX: ACB), naming Miguel Martin as its new CEO , and reporting its fourth quarter financial results of fiscal 2020. During the last three months of this year, net revenue is expected to amount between $70 million and $72 million versus $75.5 million in the prior quarter. Aurora anticipates its cannabis net revenue to be between $66 million and $68 million, compared to $69.6 million in the previous three-month period. Former CEO Michael Singer remains with the company as Executive Chairman. The team has “focused on building the infrastructure and capabilities necessary for a successful and diversified business,” as a part of its “business transformation,” Singer said. Cantor Fitzgerald analyst Pablo Zuanic maintained an Overweight rating on Aurora and reduced the price target from CA$29 ($22.02) to CA$17.50 ($13.29) due to the sequential decline in June quarter sales. Shares of Aurora lost more than 15% in the last four days.
Source: Business Insider
Summary List Placement When my grandfather died at 88 years old, he was a stealth member of the seven-figure club. He wasn’t flashy and you wouldn’t have guessed he had so much. I didn’t know he was a millionaire until shortly before he died. A simple and straightforward investment strategy that he followed over many decades helped him reach that number. Here’s a look at how my grandpa built stealth wealth in the stock market. Buy good companies and hold them for a long time My grandpa was a marketing professor at the University of Arkansas. The university’s location, in Fayetteville, is just a short drive from Bentonville, the home of Walmart. Through his position at the university, my grandpa got to know Sam Walton, Walmart’s founder, and at some point decided to buy Walmart stock. If you held onto Walmart as long as my grandpa did, you probably made a lot of money. That stock grew to become a huge portion of his portfolio, but he didn’t sell his biggest winner and rebalance. He kept on holding and the stock price kept going up.
