News 

Find Out: This ETF just made a 52-week high

“The fund just hit a 52-week high and is up more than 27% from its 52-week low price of $23.64/share” reports etfdailynews.com. From Zacks : For investors seeking momentum,  Invesco DWA Utilities Momentum ETF  PUI  is probably on radar now.There is still some promise for investors who want to ride on this surging ETF. The Invesco DWA Utilities Momentum ETF (PUI) was unchanged in premarket trading Tuesday. Source: etfdailynews.com Share This:

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News 

Americans love their pets, and now you can bet on it

“The exchange-traded fund tracks the FactSet Pet Care Index, which is comprised of companies that generate at least half their revenues from pet-related business” writes Vildana Hajric for seattletimes.com. ProShares Advisors has launched its Pet Care ETF, an exchange-traded fund that tracks the FactSet Pet Care Index, which is comprised of companies that generate at least half their revenues from pet-related business. Source: seattletimes.com Share This:

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News Stocks 

Amazon’s stock surges back above the 50-day moving average, after Alexa learns Spanish

“Amazon shares have lost 6.7% over the past three months, while the consumer discretionary ETF has slipped 2.2% and the S&P 500 SPX, +1.59% has lost 2.0%” writes Reporter Editor for marketwatch.com. Amazon’s stock is on track to close above its 50-day moving average, which many use as a guide to the short-term trend, for the first time since Oct. 25.AMZN, +5.89% surged 5.7% in midday trade Wednesday, enough to pace its consumer discretionary peers, after the e-commerce and cloud giant announced the launch of its music and Alexa services…

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News Stocks 

Why ultra-low fees can be a dangerous red flag for unwary ETF investors

“The No. 1 rule for long-term individual investors picking funds used to be simple: Look for low fees, also known as low expense ratios” writes Saudi Press Agency for cnbc.com. Expense ratios for mutual funds have been falling for 20 years, but the “race to the bottom” in ETF fees has picked up speed in the past five.Investors are obviously reaping rewards from ultra low fees — but they should also watch out for higher, hidden fees in the same funds, and strategies that lure investors into higher-priced products or…

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Markets News Oil 

What Funds To Buy For A Volatile Fall

“The United States Oil Fund LP ETF (USO) was unchanged in premarket trading Monday” reports etfdailynews.com. Truth is, a lot of funds are doing well, with over 400 up nearly 5% or more so far on the year.Along the way, we’ll hone in on 13 funds cashing in as these breakthrough trends head higher.That goes double for funds in the high-flying tech world, which are focused on one thing at all costs: growth!.  Source: etfdailynews.com Share This:

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Markets News 

Is The Gold Market Finally Turning?

“From Streetwise Reports : Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss the factors that they see pointing to a turnaround in the gold market” reports etfdailynews.com. We think something fundamental is changing in the gold market.Gold is the ultimate risk-averse investment and it may be that perceived default risk rather than inflation is behind the recent gold price recovery.Some gold commentators have suggested that, below the surface, inflation is beginning to bubble and this accounts for a revival in the gold price.If the bond market falls as…

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News Stocks 

Cannabis stocks on track for sharp losses on the week after steep selloff

“Cannabis stocks were mixed Friday in a falling stock market, putting them on track to end the week with some sharp losses, after suffering seven straight days of declines before a slight recovery on Thursday” writes Ciara Linnane for marketwatch.com. The stock is on track for a 27% decline on the week, but remains up 39% on a three-month basis. Source: marketwatch.com Share This:

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News Stocks 

Home builder stocks in broad bounce after upbeat data, Whirlpool earnings

“The home builder sector was broadly higher in afternoon trade Thursday, as upbeat pending home sales data helped provide some relief for investors suffering from a long bout of selling” writes Reporter Editor for marketwatch.com. The ETF’s biggest gainer Thursday was Whirlpool Corp.’s stock WHR, +6.80% which shot up 7.7% after the home appliances maker reported late Wednesday third-quarter earnings that were well above expectations. Source: marketwatch.com Share This:

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Crypto Markets News 

SEC Publishes Memorandum From Meeting on SolidX, VanEck BTC ETF Proposal

“The proposed pricing of each share of the physically-backed Bitcoin ETF is about $200,000 (25 bitcoin per share), in an explicit bid to focus on institutional, rather than retail investors” reports cointelegraph.com. The U.S. Securities and Exchange Commission (SEC) has published a memorandum, dated Oct. 9, from a meeting regarding the Bitcoin (BTC) exchange-traded-fund (ETF) proposal from VanEck and SolidX. As stated in the memorandum, VanEck is a New York-based investment management firm with $46 billion in assets under management and SolidX is a provider of blockchain software development and…

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