ETF Outlook For Thursday, July 24, 2014: The S&P 500 was able to eke out a small gain on Wednesday, but it was enough to send the index to the best level ever. The NASDAQ is closing in on a new decade high, and the Dow lost ground as component Boeing (NYSE: BA ) pulled it down. The catalyst for higher stock prices has been earnings with 78 percent of all companies that have reported beating their earnings estimates. Revenue beats are also strong, hovering above 65 percent.
Source: image source http://finance.yahoo.com/news/earnings-beats-drive-etfs-linkedin-130516346.html
This Week’s Epic ETF Stories – Yahoo Finance
The chart below shows the one year price performance of CSJ, versus its 200 day moving average: Looking at the chart above, CSJ’s low point in its 52 week range is $104.51 per share, with $105.79 as the 52 week high point – that compares with a last trade of $105.40. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average . Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”. These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
Earnings Beats Drive ETFs; LinkedIn Boosts Social Media ETF – Yahoo Finance
VDC lost about 0.14% following the duo’s earnings. The fund also has a Zacks ETF Rank of 3 with a ‘Low’ risk outlook ( seeall the Consumer Staples ETFs here ). IYK in Focus This ETF tracks the Dow Jones U.S. Consumer Goods Index, giving investors exposure to the broad consumer staples space. The fund holds about 118 stocks in its basket. Here too, Coca-Cola and PepsiCo occupy the second and third positions respectively in the basket with 7.75% and 6.73% of assets.
Coke and Pepsi Earnings Put Consumer ETFs in Focus – ETF News And Commentary – NASDAQ.com
The Materials Select Sector SPDR ( XLB ) is found in both groups. XLB, home to $5.15 billion in assets under management, is trading modestly higher today as shares of LynondellBasell ( LYB ) race higher by nearly 5%. LynondellBasell, XLBs fourth-largest holding at a weight of 6.9%, reported second-quarter earnings per share of $2.22, well above Wall Street estimates of $1.92. LyondellBasell said Q3 industry conditions have so far been similar to Q2, and the strength of American oil, natural gas and natural gas liquids production will support margins, according to Investors Business Daily .
Market Vectors® Announces the Launch of ChinaAMC SME-ChiNext ETF (CNXT) – Yahoo Finance
http://online.wsj.com/news/articles/SB10001424127887324110404578628904026769958>. 3 “About ChiNext.” Shenzhen Stock Exchange, 2013. Web. http://www.szse.cn/main/en/ChiNext/aboutchinext/>.
A Lyondell Lift for This Materials ETF – Yahoo Finance
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