A low-volatility exchange-traded fund is performing similarly to the tech-heavy Nasdaq Composite this year, and doing so without the stomach-churning price swings that keep investors up at night. The Invesco S & P 500 Low Volatility ETF (SPLV) has advanced close to 13% in 2024, while the Nasdaq Composite is up 13.8%. The ETF also hit an intraday all-time high on Wednesday. SPLV follows the S & P 500 Low Volatility Index, which is based on 100 stocks within the broad market index with the lowest realized volatility over the past 12 months. SPLV YTD mountain Invesco’s S & P…
Author: usaeverydaylife
Check out the companies making headlines in midday trading. JetBlue Airways — The New York-based airline popped more than 8% after hiking its forward guidance for third-quarter revenue. JetBlue now expects revenue to be in a range of down 2.5% to up 1% compared to the same period a year ago. Previously, a loss between 5.5% and a loss of 1.5% was expected. G-III Apparel Group — Shares surged 24% after the women’s apparel maker posted second-quarter results that topped estimates. Adjusted earnings of 52 cents per share beat the 27 cents a share that analysts expected, according to FactSet.…
President Trump speaks at the Economic Club of New York on November 12, 2019.Adam Jeffery | CNBCNEW YORK — Former President Donald Trump on Thursday unveiled a new batch of economic policy proposals that include Tesla CEO Elon Musk’s idea of creating a government efficiency commission to eliminate wasteful federal spending, a shot at the Biden-Harris administration’s spending levels.”This commission will develop an action plan to totally eliminate fraud and improper payments within six months,” Trump said in a speech to a room full of business executives at the Economic Club of New York.”When Elon started the conversation with the…
Presumably, once you’ve won Olympic gold and broken your own world record, you get a little bored.At least, that’s the simplest explanation for Mondo Duplantis and Karsten Warholm racing each other over 100m on a warm, early September evening in Zurich, the night before the Weltklasse Diamond League meet.Neither athlete is a sprinter and it is less than a month since their respective Olympic finals: Duplantis jumped 6.25m to win in Paris, his ninth world record (he has since cleared 6.26m for world record No 10) and second Olympic crown, which made him the first man to retain an Olympic…
Hunter Biden, son of US President Joe Biden, arrives at court for his trail on tax evasion in Los Angeles, California, on September 5, 2024. Ringo Chiu | AFP | Getty ImagesA lawyer for Hunter Biden told a federal judge in Los Angeles on Thursday morning that there was no reason to proceed with the scheduled jury selection in his criminal tax case because the son of President Joe Biden intends to change his plea.Hunter Biden, 54, had previously pleaded not guilty in the case, where he is charged with three felony counts and six misdemeanors related to failing to pay…
A recent pullback in shares of Nvidia has opened up an attractive opportunity for investors, according to Bank of America. The bank reiterated Nvidia as a top sector pick and stood by its buy rating. Shares of Nvidia have soared 114% this year but pulled back approximately 14% in the past quarter as investors rotated out of the high-flying tech sector into smaller, more defensive stocks. In recent days, antitrust concerns have accelerated the downward move. Bank of America analyst Vivek Arya’s $165 price objective is about 55% higher than the stock’s Wednesday closing price of $106.21. NVDA YTD mountain…
Gen Z has taken the lead in the homeownership race.In 2023, the homeownership rate for adult Gen Zers, or those between 19 and 26 years old, was higher than the homeownership rate for millennials and Gen X when they were 24, according to Redfin, a real estate company.The race is close, though. About 27.8% of 24-year-old Gen Zers are homeowners compared to 24.5% of millennials when they were the same age. Gen X had a lower rate at 23.5%, Redfin reports.”I’m so happy with buying a home,” said 24-year-old homeowner Dominic Verrichia, who bought his home in Ventnor City, New…
Flight delays in Sao Paolo, Brazil. Truckers led down unsafe routes in Richmond, Vermont. And power grid disruptions throughout Ukraine. These troubles stem from a global communication system highly reliant on GPS satellites and the signals they transmit for essential functions.To ensure that U.S. infrastructure won’t fall apart — even if the nation’s GPS satellites are disrupted by weather, warfare or age — a startup in Boulder, Colorado called Mesa Quantum is developing chip-sized alternative technology.Specifically, Mesa Quantum is building “chip-scale atomic clocks” and other miniaturized quantum sensors, which can measure and detect changes in the environment around a device…
There’s still a long season ahead in college football with most teams only having played one game but Florida State couldn’t have gotten off to a worse start. The Noles, who began the season ranked No. 10, are 0-2 with losses to two unranked opponents.The team has struggled despite the Noles making a big investment in their defensive line this year with almost $2 million going to their starting front in what is an NIL team budget of around $12 million, a source briefed on FSU’s NIL strategy told The Athletic this week.On Monday night, FSU got blown out at…
JPMorgan thinks two new key models coming in the fourth quarter of this year could supercharge shares of XPeng . The bank upgraded the China-based electric vehicle maker to overweight from neutral. It also increased its price target for U.S.-listed shares to $11.50 from $8 per share. JPMorgan’s forecast implies more than 36% upside from Wednesday’s close. Shares have pulled back more than 42% in 2024 amid cooling demand for EVs around the globe. Despite a somewhat promising wave of investment from automakers across the globe to spur EV adoption, consumers have given companies a gut check, with some wishing…
