Goldman Sachs Launches Preferred Stock ETF For High Income
New Goldman Sachs ETF targets high monthly income through preferred stocks and hybrid securities.
New Goldman Sachs ETF targets high monthly income through preferred stocks and hybrid securities.
Increasing market expectations of a 100 bps interest rate cut by the end of 2024 has resulted in the 30-year mortgage rate plunging to its lowest level in over a year. Look into housing ETFs to capitalize on the optimistic trend of the 30-year mortgage rate.
-- Gold prices fell in Asian trade on Friday as positive U.S. labor data sparked a recovery in risk appetite and sapped some safe haven demand, putting the yellow metalon course for some weekly losses.
Equity funds lead the surge while fixed income sets a new high.
US mortgage rates have fallen to some of their lowest levels in over a year with the 30-year fixed-rate mortgage dropping to 6.47%. Yahoo Finance housing reporter Dani Romero joins Market Domination to break down the movements in mortgage rates in relation to the Federal Reserve's interest rate policy, while also discussing what recent homebuilder earnings may indicate about the US housing market. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
The semiconductor sector has been badly beaten down in the latest market rout. A spate of weaker-than-expected earnings reports from well-known players in the space also dampened confidence.
The Alerian Energy Infrastructure ETF (NYSE Arca: ENFR) declared its third quarter 2024 distribution of $0.34205 on Wednesday, August 7, 2024. The dividend is payable on August 13, 2024 to shareholders of record on August 8, 2024.
-- Gold prices steadied in Asian trade on Thursday, recouping some recent losses as increased volatility in risk-driven markets, particularly stocks, kept safe havens relatively well-bid.
Major market averages (^DJI, ^IXIC, ^GSPC) move into positive territory at Thursday's open, the Nasdaq Composite seeing early gains as high as 1.4% after hopeful initial jobless claims data reported this morning. The Morning Brief's Brad Smith and Seana Smith report market moves after the opening bell, while Jared Blikre keeps a close watch on the action in Treasury yields (^TYX, ^TNX, ^FVX), the volatility index (^VIX), and the consumer discretionary (XLY) and consumer staples (XLP) sectors. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Big Tech stocks are in positive territory following sell-off woes, now pushing the market indexes (^DJI, ^IXIC, ^GSPC) higher in a slow recovery effort. In a note, Barclays Head of US Equity Strategy Venu Krishna wrote that tech leaders are in "the penalty box" at this time. Krishna joins the Catalyst team in-studio to talk about the refocus on AI monetization while tech stocks are trading increasingly higher than their earnings. "If you look at Meta (META), they posted very good numbers on digital ads. If you look at Amazon (AMZN), they posted very good numbers on their AWS side. And so if you look at individual names, they are checking the box," Krishna tells Yahoo Finance. "But clearly as the focus changes on onto the monetization of AI, from here on you don't want to pay very high multiples and you want to see actually the monetization showing up in earnings. And clearly this is a secular trend..." Krishna goes on to give his year-end forecast for the S&P 500 (^GSPC) and communicate how he sees the rest of the market (^DJI, ^IXIC) reacting to third quarter earnings forecasts. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.