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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares North American Natural Resources ETF (AMEX: IGE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $35.42 per unit.
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If things could not get any worse for Venezuela and its national oil company PDVSA, it seems the country owes oilfield service (OFS) companies around $1.2 billion, many of whom are now unsurprisingly downing tools.
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When investors hear about CEOs taking a $1 salary and being “all in” with his/her shareholders, hold your nose and get out the latest SEC compensation numbers. Total compensation can be more than a salary. Much more. It might include bonuses, stock awards, options awards, nonequity incentive plan compensation, changes in pension value/deferred compensation earnings and a more general “other” compensation (such as bodyguards or personal use of the corporate jet).
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U.S stocks futures turned negative Thursday after a significant two-day recovery that nearly erased the Brexit-triggered losses.
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(Kitco News) - Safe-haven gold prices are moderately lower in early U.S. trading Thursday. It's another 'risk-on' day in the world market place. Global stock markets were mostly higher overnight. Safe-haven assets have seen selling pressure this week, including gold, the U.S. dollar index and U.S. Treasuries. Silver prices are hovering near the 1.5-year high scored Wednesday. August Comex gold was last down $5.80 an ounce at $1,321.10. July Comex silver was last up $0.063 at $18.425 an ounce.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Las Vegas Sands Corp (NYSE: LVS), where a total of 18,723 contracts have traded so far, representing approximately 1.9 million underlying shares. That amounts to about 47.7% of LVS's average daily trading volume over the past month of 3.9 million shares. Especially high volume was seen for the $43 strike put option expiring July 01, 2016, with 6,879 contracts trading so far today, representing approximately 687,900 underlying shares of LVS. Below is a chart showing LVS's trailing twelve month trading history, with the $43 strike highlighted in orange:
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Drama across the pond could negatively impact companies that do business there.
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If such a deal were to go through, it would be a big shift for the streaming music industry.
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When the Brexit deal was all but done and most traders and odds-makers had made their conclusions, the voters made their decision. It appears that many of the voters would be interested in changing their tally as the economic impact of their choice was far more wide reaching than expected. It is interesting, however, to analyze the volatility since last Friday and understand how much volatility markets can have and how so many experts can be wrong. Even George Soros, who got long Gold and short Stocks before the move thought that Brexit was not going to happen.
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After a long holiday weekend filled with hot dogs and fireworks, investors return this coming week in anticipation of a key jobs report and the start of earnings season.
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