News 

New ‘spider’ ETF captures Facebook, AT&T in its web

“The communication services sector has underperformed the technology sector in 2018, according to Morgan Stanley research” writes Midwest Communications Inc for 95kqds.com. The Communication Services Select Sector SPDR Fund will belong to the group of SPDR funds managed by State Street, known as “spiders.”. Communication services combines the likes of Google owner Alphabet Inc, Facebook, and Netflix, with AT&T Inc and Verizon Communications, according to a list released in January that named select companies.The overhauled GICS will replace the old telecommunication services with the broader communication services sector, yanking large…

Read More
Crypto Futures News 

Bitcoin ETFs Inch Closer To Reality

“Hopes were high about a probable bitcoin ETF debut this year since December 2017, when Cboe Global Markets launched three bitcoin futures contracts on the Cboe Futures Exchange” reports etfdailynews.com. As far as rolling out ETFs on bitcoin is concerned, several attempts were made earlier by issuers, but all in vain.But the issuers are not allowed to use the word “blockchain” in the name (read: Forget Bitcoin, Bet on Blockchain With These New ETFs).However, recently, a ray of hope has been noticed with money management firm VanEck making another effort for…

Read More
News Stocks 

MGM Growth Properties raised dividend, to an implied yield of 5.7%

“MGM Growth Properties LLC MGP, +0.86% said Friday it raised its quarterly dividend by 2.4%, to 43 cents a share from 42 cents a share” writes Reporter Editor for marketwatch.com. The real estate investment trust said the new dividend will be payable July 16 to shareholders of record on June 29.Based on Thursday’s stock closing price of $30.40, the new annual dividend rate implies a dividend yield of 5.66%, compared with the yield on the SPDR Real Estate Select Sector ETF XLRE, +0.20% of 3.35% and the implied yield on…

Read More
News Stocks 

Millennials are dumping their individual stocks and flocking to ETFs

“The surge in ETF popularity also is coming at the expense of individual stocks” writes unknown author for cnbc.com. The move is coming at the expense of individual stocks, with more than half of millennials surveyed saying they dumped all their equity holdings for ETFs.Schwab conducted the survey from 1,500 of its clients, 55 percent of whom said they consider ETFs “the primary investment type” in their future portfolio.Millennials are going all-in when it comes to using exchange-traded funds in their investment portfolios.Investors prefer the funds for their ease of…

Read More
Markets News 

Tech and consumer discretionary are neck and neck this year. Here’s which one will win

“The consumer discretionary sector, which houses big-time climbers Amazon and Netflix, has risen nearly 12 percent so far this year” writes Modra Sports Imagery for cnbc.com. The consumer discretionary sector looks in good shape, but the charts suggest tech is the better bet, said Johnson.The XLK tech ETF has rallied nearly 130 percent since mid-2013, while the XLY consumer discretionary ETF has increased 94 percent in the same time period.”The winning horse at this point in time is still the technology sector and we would continue to be betting on…

Read More
Crypto Futures News 

Van Eck, SolidX seek to launch bitcoin-linked ETF

“Van Eck and SolidX hope to list the product on the Cboe exchange under the symbol “XBTC”” writes Midwest Communications Inc for 95kqds.com. (Reuters) – Asset manager Van Eck Securities Corp and blockchain company SolidX Partners Inc plan to launch a bitcoin-linked investment product that could be traded as easily as a stock, the two companies said in a regulatory filing on Tuesday.Van Eck, which had $46 billion in assets under management, and several other fund managers had previously pushed for exchange-traded funds based on bitcoin futures instead of directly…

Read More
News Oil 

How Badly Will Rising Oil Prices Hurt The Airline Industry?

“The first-quarter earnings season was a mixed bag for major airlines, a tick-up in oil prices being a downer” reports etfdailynews.com. Oil prices play a crucial role in the airlines’ cost structure.Since crude prices have steady this year as evident from the 9.8% year-to-date jump in WTI crude ETF United States Oil (USO – Free Report) , airlines should be on guard. Source: etfdailynews.com Share This:

Read More
News Stocks 

What’s in your wallet? More cash, if you know how to save

“Then, check out advice on investing in dividend stocks, real estate, and the legally tricky world of cannabis stocks” reports marketwatch.com. Author Seth Godin on four ways to be better at work Investing in marijuana or cannabis stocks can be risky.This outperforming fund manager ‘rents’ dividend stocks for a higher yield A panel of economic and housing experts sees a dip in house prices on the horizon.This week’s digest focuses on the rewards of being a smart saver, and what you need to know to keep more money in your…

Read More