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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 S&P 500 Value ETF (AMEX: IVE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $97.69 per unit.
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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 First Trust Large Cap Core AlphaDEX Fund ETF (AMEX: FEX), we found that the implied analyst target price for the ETF based upon its underlying holdings is $48.21 per unit.
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In its recent shareholder’s meeting, Starbucks Corporation announced that it plans to launch is Teavana brand across EMEA and China/Asia Pacific by the end of this fiscal year. (Fiscal years with September.) The brand has grown successfully in the U.S. and Canada and recently generated growth of 17% in its tea segment over the prior year. Building on this success, Starbucks is now planning to expand Teavana into other regions. According to the company, tea is the second most consumed beverage in the world, next to water, with a global market size of nearly $125 billion. Recently, Starbucks streamlined the management of its Teavana division as a part of a plan to increase its tea sales to $3 billion over the next five years. While tea could be a growth opportunity for Starbucks, driving revenues for this segment in China can prove to be challenging for the company as it tries to establish itself in the traditional tea-drinking nation.
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The SPDR S&P International Utilities Sector ETF (IPU) is seeing unusually high volume in afternoon trading Monday, with over 101,000 shares traded versus three month average volume of about 29,000. Shares of IPU were up about 0.8% on the day.
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Tough times in the stock market lead people to focus on fear. When shares are tanking, many traders hold on to blue-chip, dividend-paying large-cap companies and bail out on smaller, growth-oriented but less secure names.
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Bonds are less risky than stocks, and have performed well for a very long time. Bonds have had impressively strong risk-adjusted returns over the past 30 years because bond prices rise as interest rates fall, and rates have been falling for decades. Falling rates have provided a tailwind for bond investors who have enjoyed decades of appreciation in their portfolios.
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The United States is the world’s leading military space power. But the future of that status is not assured in an era characterized by a return to great power competition, which is reflected also in the counterspace race in which both China and Russia are moving rapidly to seek an edge. In the face of a foreseeable relative decline in its power, the United States is determined to not just reinforce but also distinguish its space-based advantages from its competitors.
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Corporate profits dropped eight percent in the fourth quarter of 2015, most of the decline coming from petroleum and coal products. Without petroleum’s misfortune, corporate profits would have edged down only 1.7 percent. This may be the bottom for profits, but it’s hard to see a big rebound.
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Amid campaign rhetoric about America's decline, it pays to look at history: Cornelius Vanderbilt created a fortune by finding opportunities. Here's a look at his mindset.
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The best performing sector as of midday Tuesday is the Healthcare sector, higher by 1.3%. Within that group, Tenet Healthcare Corp. (NYSE: THC) and Mylan NV (NASD: MYL) are two of the day's stand-outs, showing a gain of 4.2% and 3.6%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (AMEX: XLV), which is up 1.0% on the day, and down 5.47% year-to-date. Tenet Healthcare Corp., meanwhile, is down 3.70% year-to-date, and Mylan NV, is down 13.38% year-to-date. Combined, THC and MYL make up approximately 0.8% of the underlying holdings of XLV.
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