Renowned value investor Jeremy Grantham is placing his bets on a select group of stocks with the launch of his firm’s premier active ETF: the GMO U.S. Quality ETF. Tom Hancock, a partner at GMO, has been entrusted with the strategy for this new endeavor. “There’s a lot more interest in active ETFs than there …
3 Hours Ago Chinese electric vehicle stocks rise; Xpeng quarterly results eyed. Hong Kong-listed stocks of Chinese electric vehicle firms have surged in early afternoon trading. Shares of BYD, Nio, Xpeng, and Li Auto have all risen between 2.47% and 6.11%. Markets in Asia also rose across the board following upbeat economic data from China …
Lately, key policymakers have announced increased support for the economy, particularly for struggling local governments. The International Monetary Fund raised its China growth forecast to 5.4% for the year and to 4.6% for 2024, crediting Beijing’s policy announcements as a reason for the adjustment. CHONGQING, CHINA – NOVEMBER 5, 2023 – High-rise buildings are seen …
CNBC’s Jim Cramer offered insights into the recent earnings season, noting that while the overall performance of sectors was positive, many stocks saw declines related to factors like high interest rates rather than poor company performance. Reflecting on the earnings season, CNBC’s Jim Cramer highlighted the overall positive performance of sectors. He emphasized that the …
Join Jim Cramer as he rings the lightning round bell and answers callers’ stock questions at rapid speed. Here’s what he has to say about some of this year’s top performers. HubSpot: A mini-Salesforce with incredible growth that people love again. Expect a rally from here. Albemarle: Lithium prices are coming down and won’t reverse …
\ Stock Market Update 31 Mins Ago A recent market divergence could spell turbulence for stocks, warns BTIG. BTIG has highlighted a unique technical signal that could indicate a pullback for stocks. Specifically, the Nasdaq 100 closed less than 5% below a 52-week high, while the Russell 2000 closed less than 5% above a 52-week …
Despite Moody’s Investor’s Service’s warning on Friday that it was lowering its ratings outlook on Treasurys, markets on Monday showed minimal reaction to the news. Michael Reynolds, a Glenmede strategist, downplayed Moody’s announcement, stating that the agency’s insight didn’t offer any new information about the U.S. government. Of the big-three agencies, Moody’s is the only …
Traders are optimistic about U.S. stocks maintaining a winning streak despite Moody’s cutting its U.S. credit outlook. Congress is working to prevent a government shutdown before the week ends. Walmart and Target will be reporting earnings this week. Here are the most important news items that investors need to start their trading day: The major …
An Hour Ago Technology Industry Still Recovering from Low-Rate Era, Bank of America Reports The technology sector is still experiencing the lingering impacts of real rates being below 1%, as per Bank of America’s technology, media, and telecommunications team. According to the firm, the effects of the “zero interest rate policy” era are ongoing and …
The German economy, historically known as the powerhouse of Europe, is currently facing significant challenges. Its heavy reliance on Russian energy and trade with China needs to be reduced, and new sources of growth must be identified. This will require substantial investment and time. Consequently, Germany’s stock market has fallen behind the U.S., with a …