ETFs

Starbucks’ Q3 Earnings Top Amid Coronavirus Crisis: ETFs to Gain
ETFs

Starbucks’ Q3 Earnings Top Amid Coronavirus Crisis: ETFs to Gain

Starbucks Corporation SBUX released third-quarter fiscal 2020 results, after market close on Jul 28. The company’s earnings and revenues topped estimates but sharply declined year over year. Notably, shares of Starbucks have gained 3.7% since the earnings release as investors cheered the encouraging results. Earnings in Focus Starbucks reported adjusted loss of 46 cents per share compared with the consensus mark of a loss per share of 61 cents. In the prior-year quarter, the company had reported adjusted earnings per share of 78 cents. Revenues also declined nearly 38.1% year over year to nearly $4.22 billion but outpaced the Zacks Consensus Estimate of $4.11 billion. Starbucks also informed that due to the coronavirus pandemic, it lost nearly $3.1 billion in consolidated revenues. The...
eBay Drops Despite a Decent Q2: How About Taking ETF Route?
ETFs

eBay Drops Despite a Decent Q2: How About Taking ETF Route?

Shares of eBay Inc. EBAY dropped about 3.2% on Jul 29, despite beating estimates in the second quarter. The coronavirus outbreak worked wonders for this online retail giant. The pandemic and the resultant need for social distancing has boosted online shopping activities. However, eBay’s “new outlook disappointed investors who hoped the digital marketplace would take greater advantage of the surge in consumer spending during the pandemic,” per Bloomberg. Inside Q2 Results The company reported second-quarter 2020 non-GAAP earnings of $1.08 per share, beating the Zacks Consensus Estimate by 2.8%. The bottom line also improved 63.6% year over year and 40.2% sequentially. Net revenues of $2.9 billion surpassed the Zacks Consensus Estimate of $2.8 billion. The top line was up 18%...
Thursday’s ETF Movers: SOXX, GDXJ
ETFs

Thursday’s ETF Movers: SOXX, GDXJ

In trading on Thursday, the iShares PHLX Semiconductor ETF is outperforming other ETFs, up about 1% on the day. Components of that ETF showing particular strength include shares of Qualcomm, up about 12.5% and shares of Qorvo, up about 9.6% on the day. And underperforming other ETFs today is the Junior Gold Miners ETF, down about 4.8% in Thursday afternoon trading. Among components of that ETF with the weakest showing on Thursday were shares of Alamos Gold, lower by about 8.1%, and shares of Oceanagold, lower by about 7.6% on the day. VIDEO: Thursday's ETF Movers: SOXX, GDXJ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Soure: Nasdaq
Back-to-School 2020: Another Driver of Tech ETF Rally
ETFs

Back-to-School 2020: Another Driver of Tech ETF Rally

We are currently in one of the busiest shopping seasons of the year – Back to School. Every year, retailers are benefited from the start of the school year, but this year the shopping trend is likely to be a little different thanks to the coronavirus pandemic. As per the National Retail Federation (NRF), back-to-school spending is likely to be an average $789.49 per family, surpassing the previous record of $696.70 last year. Spending is expected to total $33.9 billion, up from $26.2 billion last year and topping the record of $30.3 billion set in 2012. Majority of the outlays would be made on tech products as the school year will likely begin primarily with remote learning. According to the survey done by NRF, 63% of K-12 families look to buy computers and other electronics this year,...
Late-Stage Coronavirus Vaccine Trials Begin: Biotech ETFs to Gain
ETFs

Late-Stage Coronavirus Vaccine Trials Begin: Biotech ETFs to Gain

The first company to start human clinical trials of its coronavirus vaccine candidate in the United States — Moderna MRNA — has once again cheered investors with a positive development. The company, which is developing this vaccine in collaboration with the National Institute of Allergy and Infectious Diseases, has now begun the Phase 3 clinical trial, encompassing 30,000 healthy participants at around 100 research sites in the United States. Notably, the first participant has been administered the dose at a site in Savannah, GA. The participants in the trial will be given either two 100 microgram doses of the vaccine or a placebo in a gap of around 28 days. Moreover, participants and the investigators will not be informed about who has received the vaccine. Infectious diseases expert,...
Tuesday’s ETF with Unusual Volume: DVOL
ETFs

Tuesday’s ETF with Unusual Volume: DVOL

The First Trust Dorsey Wright Momentum & Low Volatility ETF is seeing unusually high volume in afternoon trading Tuesday, with over 198,000 shares traded versus three month average volume of about 44,000. Shares of DVOL were down about 0.2% on the day. Components of that ETF with the highest volume on Tuesday were Apple, trading down about 1% with over 13.5 million shares changing hands so far this session, and Microsoft, off about 0.2% on volume of over 9.9 million shares. Roper Technologies is the component faring the best Tuesday, higher by about 2.4% on the day, while Tyler Technologies is lagging other components of the First Trust Dorsey Wright Momentum & Low Volatility ETF, trading lower by about 2%. VIDEO: Tuesday's ETF with Unusual Volume: DVOL The views and opi...
Starbucks to Report Q3 Earnings: ETFs in Focus
ETFs

Starbucks to Report Q3 Earnings: ETFs in Focus

Starbucks Corporation SBUX will report third-quarter fiscal 2020 results on Jul 28, after the closing bell. Let’s take a look at this coffee giant’s fundamentals ahead of its earnings release. Starbucks delivered an earnings surprise of 3.2% in the last reported quarter and has outperformed the consensus mark by 3.9%, on average, in the trailing four quarters. The Zacks Consensus Estimate for third-quarter earnings has been revised downward over the past 30 days to a loss of 60 cents. The company had reported earnings of 78 cents in the prior-year quarter. The consensus mark for revenues stands at $4.13 billion, indicating a decline of 39.5% from the year-ago period’s figure. The stock has a VGM Score of D and belongs to a top-ranked Zacks industry (top 32%). Coronavirus Impact to Show...
That’s Odd: Bearish XRX Analysts See 11.82% Upside
ETFs

That’s Odd: Bearish XRX Analysts See 11.82% Upside

ETF Channel above Recent XRX Analyst Ratings Breakdown » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 0 0 0 0 Buy ratings: 0 0 0 0 Hold ratings: 2 3 3 2 Sell ratings: 0 0 0 0 Strong sell ratings: 2 1 1 1 Average rating: 4.0 3.5 3.5 3.67 The average rating presented in the last row of the table above is from 1 to 5, where 1 would be a consensus Strong Buy and 5 would be a consensus Strong Sell. In the middle, 3 would be a Hold. So anything above 3 leans toward Sell as the average analyst sentiment. The average rating of 4.0 for XRX leans towards Sell, yet the XRX price target paints a different picture. Clearly, there is something more to the story here that is worth investigating for investors looking at Xerox Holdings Corp. Of course, the average...
Gold ETFs to Log Best Week Since March: Winning Bets
ETFs

Gold ETFs to Log Best Week Since March: Winning Bets

Gold ETFs are set to record their highest settlement on record, per an article published on MarketWatch. Two key gold funds are on their way to record their strongest weekly performance since March. The growing uncertainty about the coronavirus situation added sheen to gold investing. The ultra-easy monetary policy is another plus. The Fed has been acting super-dovish since March. The Fed has cut rates to zero and launched an infinite QE policy. The Fed is also buying highly-rated corporate debt as well as fallen angles. Such measures kept the dollar’s strength in check. Safe-haven demand for gold has stayed strong despite bear market rallies as several Wall Street analysts still believe the latest rally doesn’t have legs. Plus, not only the Fed, most developed and emerging economies h...
Friday’s ETF with Unusual Volume: FXZ
ETFs

Friday’s ETF with Unusual Volume: FXZ

The First Trust Materials AlphaDEX Fund ETF (FXZ) is seeing unusually high volume in afternoon trading Friday, with over 60,000 shares traded versus three month average volume of about 29,000. Shares of FXZ were off about 0.3% on the day. Components of that ETF with the highest volume on Friday were Freeport-McMoran (FCX), trading down about 1.1% with over 13.4 million shares changing hands so far this session, and Newmont (NEM), up about 0.6% on volume of over 3.1 million shares. Graftech International (EAF) is the component faring the best Friday, higher by about 1.8% on the day, while Proshares Ultra Semiconductors (USD) is lagging other components of the First Trust Materials AlphaDEX Fund ETF, trading lower by about 4.6%. VIDEO: Friday's ETF with Unusual Volume: FXZ The views a...