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Thursday Sector Laggards: Services, Energy – Forbes

best inverse etfs Combined, SPLS and GME make up approximately 0.4% of the underlying holdings of IYC. The next worst performing sector is the Energy sector, not showing much of a gain. Among large Energy stocks, Helmerich & Payne ( NYSE: HP ) and Tesoro ( NYSE: TSO ) are the most notable, showing a loss of 1.2% and 1.1%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is flat on the day in midday trading, and up 11.30% on a year-to-date basis.
Source: http://www.forbes.com/sites/joelkornblau/2014/08/21/thursday-sector-laggards-services-energy-2/

ETF Preview: ETFs, Futures Flat to Lower Ahead of FOMC Meeting Minutes – NASDAQ.com

Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) were unchanged after posting gains in the previous session. Youku Tudou (YOKU) said late Tuesday Q2 net revenues were RMB958.7 million (US$154.5 million), below estimates but within its guidance of 940 million to 1 billion yuan. Net loss of 72.9 million yuan, below estimates for 18.6 million yuan. Q3 sales are seen between 1.09 billion and 1.13 billion yuan, up 27%-32% from a year ago but below expectations for 36% growth.
Source: http://www.nasdaq.com/article/etf-preview-etfs-futures-flat-to-lower-ahead-of-fomc-meeting-minutes-cm382016

Short the Euro with These Inverse ETFs – ETF News And Commentary – NASDAQ.com

Holdings : Top holdings include Wells Fargo Company 7.5 12/31/2049 4.5%, Gilead Sciences Inc 1.625 05/01/2016 3.5%, Bank of America Corp 7.25 12/31/2049 3.3%, Intel Corp 3.25 08/01/2039 3.1% and Wellpoint Inc. 2.75 10/14/2042 2.26%. What You Should Know : State Street Global Advisors sponsors the fund. CWB has a 0.40% expense ratio. The ETF has 96 holdings and the top ten components make up 26.4% of the overall portfolio. Sector allocations include technology 37.2%, consumer non-cyclical 16.6%, finance 14.9%, consumer cyclical 6.8%, utility 5.7%, communications 4.7%, energy 4.7%, basic industry 4.5%, capital goods 4.4% and transportation 0.7%.
Source: http://finance.yahoo.com/news/etf-spotlight-convertible-securities-130028506.html

ETF Spotlight: Convertible Securities – Yahoo Finance

A recent study by the European Central Bank guidance indicates that Euro zone inflation has almost approached a ‘trough’ and will be going up in the next few years. On the other hand, Saxo Bank notified that Germany may fall into recession by the end of this year and Europe might see Japanese-style deflation. In fact, in June, a Bank of Japan policymaker , also expressed the same concern over the European inflationary scenario. In a nutshell, whatever be the case, the region is far from being stable and still needs time and stimulus.
Source: http://www.nasdaq.com/article/short-the-euro-with-these-inverse-etfs-etf-news-and-commentary-cm382560

Van Eck Plans Emerging Market Bond ETF for Higher Yields – Yahoo Finance

The issuer has not yet disclosed the ticker, but noted that the product will be trading on the NYSEs Arca exchange, if approved (read: Global X Plans Emerging Market Bond, Commodity ETFs ). Proposed Fund in Focus The planned fund will track the Market Vectors emerging markets corporate bond index. The benchmark includes USD-and-Euro-denominated corporate and quasi-sovereign emerging market bonds that have more than seven years remaining to maturity. Currently, this includes over 50 nations, including countries in South America, Southeast Asia, the Middle East, and Eastern Europe.
Source: http://finance.yahoo.com/news/van-eck-plans-emerging-market-214414762.html

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Obama Weighs Broader Move On Legal Immigration – Abc News

Translation: The White House is treating the Ferguson crisis with utmost seriousness, knowing that the unrest could spread. Photos of the Day Photos of the Day 08/20 In an interview with Politico , Ms. Jarrett lays out the rationale for not sending Obama to Ferguson. The circumstances determine the reaction, and it isnt appropriate for the president to speak up emotionally in the midst of an ongoing investigation by the Justice Department, Jarrett says. He wants the attorney general and his team to be able to conduct an independent investigation without any thumb on the scale one way or another.
Source: http://www.csmonitor.com/USA/DC-Decoder/2014/0820/Should-President-Obama-go-to-Ferguson-video

Should President Obama go to Ferguson? (+video) – CSMonitor.com

Administration officials and advocates said the steps would go beyond the expected relief from deportations for some immigrants in the U.S. illegally that Obama signaled he’d adopt after immigration efforts in Congress collapsed. Following a bevy of recent White House meetings, top officials have compiled specific recommendations from business groups and other advocates whose support could undercut GOP claims that Obama is exceeding his authority to help people who have already violated immigration laws. “The president has not made a decision regarding next steps, but he believes it’s important to understand and consider the full range of perspectives on potential solutions,” said White House spokesman Shawn Turner. One of the more popular requests among business and family groups is a change in the way green cards are counted that would essentially free up some 800,000 additional visas the first year, advocates say. The result would be threefold: It would lessen the visa bottleneck for business seeking global talent; shorten the green card line for those being sponsored by relatives, a wait that can stretch nearly 25 years; and potentially reduce the incentive for illegal immigration by creating more legal avenues for those wanting to come, as well as those already here.
Source: http://abcnews.go.com/Politics/wireStory/obama-weighs-broader-move-legal-immigration-25058996

Obama weighs move on immigration – The Denver Post

(Associated Press file) (AP file photo) WASHINGTON President Barack Obama is considering key changes in the are student loans forgiven nation’s immigration system requested by tech, industry and powerful interest groups, in a move that could blunt Republicans’ election-year criticism of the president’s go-it-alone approach to immigration. Administration officials and advocates said the steps would go beyond the expected relief from deportations for some immigrants in the U.S. illegally that Obama signaled he’d adopt after immigration efforts in Congress collapsed. Following a bevy of recent White House meetings, top officials have compiled specific recommendations from business groups and other advocates whose support could undercut GOP claims that Obama is exceeding his authority to help people who have already violated immigration laws. “The president has not made a decision regarding next steps, but he believes it’s important to understand and consider the full range of perspectives on potential solutions,” said White House spokesman Shawn Turner. One of the more popular requests among business and family groups is a change in the way green cards are counted that would essentially free up roughly 800,000 additional visas the first year, advocates say.
Source: http://www.denverpost.com/politics/ci_26375904/obama-weighs-move-immigration?source=rss

Obama, meets with business, tech leaders, weighs broader executive move on immigration | Star Tribune

First came a white police officer’s arrest of Gates, a prominent African-American scholar, as he tried to get into this own locked home. In 2012, the shooting of unarmed Florida teenager Trayvon Martin by neighborhood watch captain George Zimmerman roiled the nation, and now there’s the Brown killing. “Any time a situation like this occurs, he becomes more of a more centrist, emotionally,” Granderson said Wednesday. “But in terms of what he is actually saying to the American people, he’s becoming much more thoughtful.” In the aftermath of the Martin killing and soaring gun violence in Chicago and elsewhere, Obama this year launched the My Brother’s Keeper program to provide mentoring and other support for African-American and Hispanic boys in rough neighborhoods. Holder, meanwhile, has launched 20 investigations of police practices and alleged discriminatory enforcement patterns in the past five years, more than twice the number of such inquiries in the previous five years. Calming affect?
Source: http://edition.cnn.com/2014/08/21/politics/obama-holder-ferguson-race-issues/index.html?eref=edition

Obama and Holder hone their messages on race issues – CNN.com

Obama’s options without new laws from Congress are limited and would only partially address obstacles business groups say are preventing them from hiring more workers. Even so, administration officials say these groups are urging the White House to help streamline a complex and unpredictable system. Republicans are working to use immigration and the surge of unaccompanied minors at the border against Democrats in the midterm elections by arguing that Obama and his party are undermining the rule of law. “Politically we think it flips the switch because it’s not just talking about a benefit to those who broke the law,” said former Rep. Bruce Morrison, D-Conn., who authored the 1990 immigration law and is now lobbying on behalf of groups representing tech industry professionals, business management and U.S. citizens married to foreigners.
Source: http://www.startribune.com/politics/272055551.html

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Stocks Advance In Midday Trading – Business – Northjersey.com

Home Depot jumped 6 percent after its income surged thanks to a rebound in its spring selling season. Home builders rose. Lennar and KB Home each rose 3 percent. Bond prices were flat.
Source: http://www.northjersey.com/news/business/stocks-advance-in-midday-trading-1.1069517

Stocks Higher After Data, Earnings – Yahoo Finance

“None of that materialised, so there has been a bit of a sell-off,” Greg Davies, an equities trader at Cratos Capital said of the buyback. Shoprite’s shares shed 5.6 percent to 145.50 rand, heralding more bad news on the consumer front after South Africa’s biggest unsecured lender African Bank almost collapsed last week, blaming customers’ inability to meet debt repayments. “The fact that you have had an African Bank collapse and Shoprite earnings down, it’s telling you that the local consumer is under pressure,” Davies said. “You will find that investors are looking for South African listed companies that have offshore earnings,” he said, pointing to mobile phone companies Vodacom and MTN, which were up 2 percent and 1.4 percent respectively.
Source: http://news.yahoo.com/south-african-stocks-drop-spurred-mining-giant-bhp-153830100.html

South African stocks drop, spurred by mining giant BHP Billiton – Yahoo News

Gains in nearly every sector elevated the Nasdaq Composite to a new 14-year high and moved the S&P 500 closer to key resistance at 2,000. The Dow Jones Industrial Average pierced its 50-day moving average largely on strength in Dow component Home Depot ( HD ). The home-improvement retailer reported better-than-expected Q2 earnings and raised its full-year earnings guidance. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc. Copyright (C) 2014 MTNewswires.com.
Source: http://www.nasdaq.com/article/stocks-close-higher-extend-rally-on-strong-housing-data-positive-earnings-cm381880

Stocks continue bullish momentum – Yahoo Finance

ET. The retail sector remains in focus throughout the week, with companies like Lowe’s, Target, and Staples reporting tomorrow. Attention turns to global monetary policy on Friday as Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi speak in Jackson Hole, Wyoming. The big question is how much European policy makers will use stimulus to counter deflation and slowing growth.
Source: http://finance.yahoo.com/news/stocks-continue-bullish-momentum-131155150.html

Stocks Close Higher, Extend Rally on Strong Housing Data, Positive Earnings – NASDAQ.com

BHP will spin out its aluminum and manganese businesses, http://www.todayhotstocks.com but only components of others. ADR shares were down over 5% at midday. Foreign Markets European markets were higher today. In late trading, the FTSE 100 and Paris CAC were each up 0.6% while Germanys DAX was up 1.0%.
Source: http://finance.yahoo.com/news/stocks-higher-data-earnings-160000241.html

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Ultrashort Etf: Investing Essentials – Nasdaq.com

In addition, some companies specialize in double-inverse ultrashort ETFs, while others go the extra mile to seek out triple-inverse returns for their shareholders. The ETF is designed to rise in value if bond prices fall, which would correspond to a much-anticipated rise in interest rates that many see as an inevitable consequence of the Federal Reserve’s recent actions to curtail quantitative easing and return the bond market to more normal conditions. Why invest in ultrashort ETFs? The idea of trying to make money when certain assets decline in value is a reasonable goal for investors. The problem, though, is that the leveraged bet made by ultrashort ETFs adds a short-term component to the investing strategy, and that makes them unsuitable long-term investments in most cases. Ultrashort ETFs can make big gains if the market falls quickly, but they don’t always work in the long run.
Source: http://www.nasdaq.com/article/ultrashort-etf-investing-essentials-cm377524

ETF Spotlight: Fundamentally Weighted Emerging Markets – Yahoo Finance

Send Thanks! A link has been sent. Holdings : Top holdings include Gazprom 4.2%, Petroleo Brasileiro 3.3%, China Construction Bank Corp 2.7%, Petroleo Brasileiro 2.7% and Industrial & Commercial Bank of China 2.4%. PXH has a 0.49% expense ratio. The ETF has 338 holdings and the top ten components make up 25.9% of the overall portfolio.
Source: http://finance.yahoo.com/news/etf-spotlight-fundamentally-weighted-emerging-120018488.html

Shale Oil ETF Could Topple Rising Rates – Yahoo Finance

As of July 23, 2014, Euro area yield for 10-year bonds came in at 1.295% , down from 1.842% noticed on the same day last year and 3.256% three years ago. Within the Euro zone, German bonds are considered one of the safest bets. German 10-year bond yields slipped to 1.14% in July from 1.25% in June 2014, as per trading economics . On July 29, German 10-year yields touched the low of 1.109%, exceeding the prior low seen in 2012.
Source: http://www.nasdaq.com/article/introductory-guide-to-developed-market-bond-etf-investing-etf-news-and-commentary-cm377445

Wednesday Sector Laggards: Utilities, Industrial – Forbes

Combined, GAS and AEP make up approximately 5.9% of the underlying holdings of XLU. The etf trading software next worst performing sector is the Industrial sector, showing a 0.6% loss. Among large Industrial stocks, Parker Hannifin ( NYSE: PH ) and Pitney Bowes ( NYSE: PBI ) are the most notable, showing a loss of 4.5% and 3.8%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.5% in midday trading, and down 0.80% on a year-to-date basis. Parker Hannifin, meanwhile, is down 13.83% year-to-date, and Pitney Bowes is up 12.06% year-to-date. Combined, PH and PBI make up approximately 1.4% of the underlying holdings of XLI.
Source: http://www.forbes.com/sites/joelkornblau/2014/08/06/wednesday-sector-laggards-utilities-industrial-3/

Introductory Guide to Developed Market Bond ETF Investing – ETF News And Commentary – NASDAQ.com

High-yield issuers, though, could face constraints as debt-servicing costs rise. Additionally, the oil industry has been using the money efficiently. Since 2012, output per rig in U.S. shale oil and liquid projects has increased 30% to 40% per year, according to Citigroup (NYSE: C). The majority of the invested money was also used to acquire land instead of drilling, so spending may taper off ahead. In the global arena, the U.S.
Source: http://finance.yahoo.com/news/shale-oil-etf-could-topple-130041676.html

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Obama And Congress Hit New Poll Lows | Nwcn.com Washington – Oregon – Idaho

The latest NBC News/Wall Street Journal poll gives the president an approval rating of 40%, a record low; Congress has a rating of only 14%, also a low. NBC News reports that “six in 10 Americans http://www.obamastudentloanforgiveness.net are dissatisfied with the state of the U.S. economy, more than 70% believe the country is headed in the wrong direction, and nearly 80% are down on the country’s political system.” The pollsters “attribute the wide discontent to the lingering effects of the Great Recession, as well as a loss of faith in the country’s politicians,” NBC says. Print
Source: http://www.nwcn.com/news/Obama-Congress-poll-lows-270157411.html

Obama: U.S. Companies To Invest $14 Billion In Africa – Forbes

Robert Puentes, an expert on infrastructure policy at the Brookings Institution, says many states recognize theres no cavalry coming in terms of federal government aid, and that they are going out and crafting their own solutions, including teaming up with the private sector and seeking voter approval of new funding. We need to change the way we think about infrastructure in America, Puentes said during a Brookings podcast in June. Its not just about the federal government fixing roads and bridges. Related: Ten States with the Worst Highway Spending Woes The government spends more than $50 billion a year on surface transportation programs, mostly in grants to state and local governments; but thats just a fraction of overall spending by governments and the private sector, according to Puentes. Many transportation, telecommunications, energy and aviation projects are undertaken without assistance from Uncle Sam. Obama and many state officials have warned of economic risks to the U.S. unless Congress and state legislatures take action.
Source: http://news.yahoo.com/obama-goes-alone-again-time-101500703.html

Obama Goes It Alone (Again), This Time on Infrastructure – Yahoo News

officials have argued that U.S. firms are seeking longer-term business relationships. “We want to build genuine partnerships that create jobs and opportunity for all our peoples and then unleash the next area of African growth,” he said. Obama was speaking at a three-day summit in Washington that has brought dozens of African heads of state to the U.S. capital to rub shoulders with captains of U.S.
Source: http://finance.yahoo.com/news/obama-u-seeks-long-term-204118384.html

Obama Is Considering Bypassing Congress To Try To Stop Companies From Leaving America To Save On Taxes (MDT, SHPG, COV, ABBV) – Business – Dover Post – Dover, DE

According to the Reuters report, quoting a White House official, the $14 billion in investments will focus on industries like banking, construction, banking, information technology and clean energy. These investments will deepen U.S. economic engagement in Africa, fueling growth that will support broader African prosperity and emerging markets for U.S. businesses, which will support jobs in both the United States and Africa, the White House official said. The U.S.-Africa Business forum is coming on the second day of the U.S.-Africa summit, the largest ever gathering of African leaders in Washington which kicked off on Monday. Obama invited close to 50 African heads of state to the 3-day summit where discussions on trade, security and governance will take center stage.
Source: http://www.forbes.com/sites/mfonobongnsehe/2014/08/05/obama-u-s-companies-to-invest-14-billion-in-africa/

Obama announces $33B in commitments for Africa | Fox News

“Yet, these companies claim to be foreign corporations when its time to pay their tax billdenying the United States billions of dollars in tax revenue and thereby increasing the tax burden on other U.S. taxpayers.” Tax inversions, and the proliferation of these tax-dodging mergers, have been one of the summer’s biggest political and economic topics of discussion. Democrats have waded discussion of inversions into their agenda ahead of the 2014 midterm elections. The Obama administration has also pushed Congress to tackle the issue this year, even though legislative prospects appear dim. In an interview with CNBC’s Steve Liesman on July 25, Obama said companies moving overseas for tax reasons aren’t “doing right by the country and by the American people.” And on July 27, Treasury Secretary Jack Lew wrote in an op-ed in The Washington Post that tax inversions have been increasing at “breakneck speed,” adding that “there is nothing wrong with cross-border merger activity…
Source: http://www.doverpost.com/article/20140805/BUSINESS/308059980/-1/NEWS

Obama: U.S. seeks to be long-term partner to Africa – Yahoo Finance

exports to and investments in Africa. That includes $3 billion in financing from the U.S. Export-Import Bank aimed at supporting American exports to Africa over the next two years. The Ex-Im Bank is at the center of a political controversy in Washington, with some Republicans seeking to shutter the bank and threatening to block its reauthorization when Congress returns from recess this fall. The GOP lawmakers seeking to shut down the bank argue that its spending is politically motivated and unnecessary.
Source: http://www.foxnews.com/politics/2014/08/05/obama-announces-33b-in-commitments-for-africa/

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Asian Shares Pressured By Wall Street, Geopolitical Tensions – Yahoo News

Stocks climbing early today – MoneySmart – The Buffalo News

Job growth slowed in July to 209,000 last month after surging by 298,000 in June, slightly below economists’ forecast of a 233,000 job gain. Still, July marked the sixth straight month employment expanded by more than 200,000, a signal of strength last seen in 1997, pointing to a solid recovery in the U.S. economy. U.S.
Source: http://news.yahoo.com/asian-shares-pressured-wall-street-geopolitical-tensions-010652196–finance.html

At midday the Dow was down 0.1%, the S&P 500 was flat while the Nasdaq was up 0.2%. Stocks on the Move Berkshire Hathaway (BRK.A)(BRK.B) released results for the second quarter of 2014 late Friday that were pretty much in line with our expectations. Revenue increased 11% year over year to $49.8 billion on improved operating results from each of Berkshire’s main segments. Excluding the impact of investments and derivatives, revenue increased 8% year over year.
Source: http://finance.yahoo.com/news/stocks-little-changed-last-week-160000286.html

Taiwan Stocks Fall Most in Six Months on Earnings, LCY Concerns – Bloomberg

The S&P 500 advanced 0.3 percent to 1,930.48 at 10:06 a.m. in New York. The Dow Jones industrial average rose 24.56 points, or 0.2 percent, to 16,517.93. The Nasdaq Composite Index climbed 0.5 percent.
Source: http://www.buffalonews.com/business/stocks-climbing-early-today-20140804

Stocks Little Changed After Last Week’s Sell-Off – Yahoo Finance

The Taiex has risen 19 percent since the start of last year, sending valuations to 13.7 times projected earnings, compared with 11.1 times for the MSCI Emerging Markets Index, which has gained 1.2 percent. Taiwan stock valuations have become less attractive after rallies with technical indicators showing equities being overbought, Morgan Stanley analyst Jonathan Garner said in a report as he downgraded equities to equal-weight from over-weight. The brokerage earlier in the month also cut Asias semiconductor industry to equal-weight from over-weight. Taiwans best-performing equities fund said July 2 it was bracing for stock market declines over the next two months after the biggest foreign inflows in Asia this year.
Source: http://www.bloomberg.com/news/2014-08-05/taiwan-stocks-fall-most-in-six-months-on-earnings-lcy-concerns.html

Stocks May Move Back To The Downside In Early Trading hottest stocks to buy right now – U.S. Commentary – NASDAQ.com

Target said it now expects second quarter adjusted earnings of $0.78 per share compared to its prior guidance of $0.85 to $1.00 per share. The company attributed the lower guidance to expenses related to last year’s data breach as well as promotional markdowns at its U.S. stores and softer than expected sales in Canada. Not long after the open, trading could be impacted by the release of a report from the Institute for Supply Management on service sector activity in the month of July. Economists expect the index of activity in the service sector to tick up to 56.5 in July from 56.0 in June, with a reading above 50 indicating growth in the sector.
Source: http://www.nasdaq.com/article/stocks-may-move-back-to-the-downside-in-early-trading–us-commentary-20140805-00666