Blog Profile / Focus on Funds

Filed Under:Business & Finance / Investing
Posts on Regator:10519
Posts / Week:33
Archived Since:February 17, 2011

Blog Post Archive

ETF Floppers: Higgledy Piggledy

The biggest floppers in the exchange-traded universe were all tiny, had market values under $60 million and there was no real theme. Sweets were down. The iPath Bloomberg Sugar Subindex Total Return ETN (SGG) fell 3.2% and the Teucrim Sugar Fund (CANE), 2.5%. Volatility waned. The REX VolMAXX Long VIX Weekly Futures Strategy (VMAX) and […]

ETF Flyers: Crude Oil and Natural Gas Gushes, But Don’t Get Too Excited

The iPath S&P GSCI Crude Oil Total Return Index ETN (OIL) and the First Trust Natural Gas ETF (FCG) were among the biggest gainers in the exchange-traded product universe. OIL gained 3.5%, while FCG rose 2.9%. The price of crude jumped on Tuesday following a disruption in Libyan oil supplies and continued rising some 2.54% […]

Flow Show: Holy Moly! Stockpicking Really Is Coming Back

Stockpickers are finally catching a break. Long-term mutual fund flows flipped into positive territory in the past week. Meanwhile positive exchange-traded net issuance notched down, according to Sandler O’Neill + Partners. Mutual funds saw $6.4 billion in inflows, a turnaround from $1.1 billion in outflows the week before, according to data from the Investment Company […]

Active Managers Holdings Update: It’s All Pro-Cyclical

Pro-cyclical seems to be the name of the game for active managers when it comes to sector positioning. Cyclical versus defensive positioning reached its second-highest level in our data history, says BofA’s Savita Subramanian. Fund managers continue to like financials as they positioned for tax reform, rising interest rates, and deregulation. However, the 10-year yield […]

Paulson & Co. Partner Charles Murphy Dies In Apparent Suicide

WSJ’s Nicole Friedman and Zolan Kanno-Youngs reported Tuesday evening that Charles Murphy, a partner at hedge fund Paulson & Co., died Monday in an apparent suicide. Murphy, 56, reportedly plunged to his death at an upscale New York hotel. The New York Post reported that he jumped from a room on the 24th floor and […]

Why David Einhorn’s Stock Proposal For GM Might Be A Non-Starter

Greenlight Capital’s David Einhorn is certainly creative, but his stock split proposal for General Motors (GM) is a non-starter. This blog pointed out yesterday that GM is blowing off Einhorn’s suggestion the way Apple (AAPL) did with his ‘iPrefs’ idea. Show More Summary

A Little Vertex Goes a Long Way For Biotechnology

Healthcare stocks are the second-best performing, behind just the information technology sector year-to-date. Healthcare stocks have gained 8.3%, while the S&P 500 has climbed 5.4%. This blog noted on Monday that the group has been dancing on the grave of the failed GOP bill. Peel back the layers and investors will discover that medical devices […]

Can Banks Come Back After The Whiplash?

Financial stocks have been the worst-performing sector since the beginning of March. The SPDR S&P Bank exchange-traded fund (KBE) fell 13.8% from its March 2 high to the opening low on Monday. “That was the damaging period, and it took the ETF below its January lows,” notes Instinet technical analyst Frank Capelleri. “Even with the […]

BlackRock: Active Reorganization With Robots

WSJ’s Sarah Krouse reported yesterday that BlackRock (BLK) will rely on robots to do its stockpicking. The $5.1 trillion asset manager, the world’s largest, announced on Tuesday that they will be restructuring the business to offer cheaper quantitative stock funds driven by computer models. Show More Summary

ETF Floppers: The VIX and Gold

The iPath S&P 500 VIX Short-Term Futures ETN (VXX) and the ProShares VIX Short-Term Futures ETF (VIXY) are again, among the biggest floppers on Tuesday. The VXX and the VIXY declined 5.5% apiece. Meanwhile the CBOE Volatility Index declined to below 12. Gold miners also lost their luster. The VanEck Vectors Gold Miners (GDX) and Junior […]

ETF Flyer: Energy Stocks Surge

The weakest link in the S&P 500 flexed its strength Tuesday. Energy has been the biggest loser year-to-date, but gained 1.3% today. The SPDR S&P Oil & Gas Equipment & Services ETF (XES), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), and the VanEck Vectors Oil Services ETF (OIH) soared, climbing 3.2%, […]

GM Blows Off David Einhorn Like Apple Did ‘iPrefs’

Greenlight Capital’s David Einhorn is leaning on General Motors (GM) to split its shares in two. Einhorn insists the move will boost shareholder value by as much as $38 billion. This sounds pretty similar to his proposal for Apple (AAPL) four years ago. Einhorn took his case to Apple shareholders early February 2013. He said […]

Does Trump’s Latest Executive Order Make Coal Great Again?

Now that the healthcare bill is dead in the water, President Donald Trump is taking aim at climate change. On Tuesday, Trump signed an executive order that could end Obama-era environmental policy. Among other directives, the order commands the Environmental Protection Agency to review and rewrite the Clean Power Plan, which sought to replace coal-fired plants […]

Bank Stocks Bounce Back, Will ETFs Blow Them Up?

Since Election Day, fresh money has been pouring into financial exchange-traded funds, peaking at $14.1 billion on March 7. Of course, it’s a drop in bucket compared to the total, with financial ETFs only representing 8% of inflows of that period. However, these ETFs have seen significant outflows of $1.3 billion since March 7 and […]

Triple Leveraged Crude Oil ETFs: Speculation Cubed?

ProShares Advisors launched daily triple-leveraged and inverse crude oil exchange-traded funds yesterday. The ProShares UltraPro 3X Crude Oil (OILU) and ProShares UltraPro 3X Short Crude Oil (OILD) are ETFs and not ETNs, which is an important distinction. Simeon Hyman, head of investment strategy at ProShares, says they decided to go with the ETF structure over […]

Wanna Know Where Gold Prices Are Heading?

Just watch the yen. Strategas Research Partners technical analyst Chris Verrone recently published a chart showing how gold and the USD/JPY have been trading in lockstep for the past 18 months. SPDR Gold Shares (GLD) has gained 0.11% on Tuesday. Here’s the chart: 

David Einhorn Leans On GM to Create Two Classes of Stock

WSJ’s David Benoit and Mike Colias reported that Greenlight Capital’s David Einhorn is pressuring General Motors (GM) to split its common shares into two. One would pay a dividend and the other would entitle shareholders to all earnings and buybacks after paying out the dividend. David Einhorn at the World Series of Poker no-limit Texas Hold ‘em […]

Another Small Win For Franklin Resources

One asset manager’s loss is another’s gain. Last week, Hartford Financial Services Group (HIG) withdrew its request at the Securities & Exchange Commission to replace 62 active funds in its variable annuity platform with a suite of 11 lower-cost funds sold through its in-house, retail distribution. Five of those funds are sub-advised by BlackRock (BLK). […]

Fairholme Capital’s Bruce Berkowitz Still Likes Sears Holdings

Sears Holdings (SHLD) has become the poster child for an industry in dire straits. The retailer is closing stores, burning through cash at a rate of $1-$1.5 billion a year, and last week released its 10K with the words “going concern” in it. Yet, members of Sears’ board of directors can’t seem to get enough. Hedge fund […]

ETF Flyer: Healthcare Stocks Continue To Dance On the Grave Of The Failed GOP Bill

The SPDR S&P Pharmaceuticals (XPH) was among the high-flying exchange-traded funds on Monday, gaining 2.6%. Meanwhile the S&P 500 dipped 2.39 points or 0.10% to 2341.59. Of the 38 constituents in SPDR S&P Pharmaceutical‘s underlying index, only two were in the red. Small-caps Aerie Pharmaceuticals (AERI) and Heska (HSKA) fell 0.65% and 0.51%, respectively. Photo by […]

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