This article first appeared on GuruFocus.
XLY led ETF activity in Tesla (TSLA) on Wednesday, Nov. 4, as ETFs bought a net $91.1 million of the stock. Fifty-one ETFs were buyers against 15 sellers, with 148 holding steady. The buying followed a net $272.7 million purchase on Nov.
Energy Transfer (ET -1.39%) is one of the best companies in the world at profiting from energy market volatility, and that continued in Q3, leading the company to report outstanding results. Meanwhile, the master limited partnership (MLP) plans to turbocharge its growth capital expenditures (capex),
A tech stock rout that began overnight in the United States has persisted in Asian trading.
Market authorities in South Korea paused trading on Friday as prices plunged across the region. Global markets have been rattled by a sharp fall in the trading price of tech stocks,
» Read more about: Tech stock rout, driven by US AI fears, continues in Asian trading »
There are plenty of choices in the Large Cap Growth category, but where should you start your research? Well, one fund that may not be worth investigating is American Funds AMCAP A (AMCPX). AMCPX holds a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size,
» Read more about: Is American Funds AMCAP A (AMCPX) a Strong Mutual Fund Pick Right Now? »
Tim Tierney, president of the Federation of Canadian Municipalities, says quick reaction needed by federal governments on both sides of border
When I opened the news on my smartphone this morning, the NY Dow had fallen significantly.
On the New York Stock Exchange on November 5, the Dow Jones Industrial Average fell by more than $1,800 at one point. According to reports, the opposition Democratic Party won big in the U.S. midterm elections,
» Read more about: NY Dow drops over $1,800: 3 things to review on a morning of sharp decline »
US stocks shed roughly $2 trillion in market value within an hour of Thursday’s open. Chipmakers led the sell-off on fears that Democrats will slow America’s AI data center boom.
The S&P 500 fell 1.8% in the first 30 minutes, wiping out Wednesday’s post-midterm gain, its best day in three months.
» Read more about: Why Is the US Stock Market Crashing? 3 Reasons Behind the $2 Trillion Wipeout »
Donald Trump has accused voters who backed Democrats in Tuesday’s midterms of causing the stock market to tumble.
The 80-year-old president lashed out at voters for helping Democrats sweep control of the House and Senate in the midterms, blaming them for trillions of dollars being wiped off global markets on Thursday.
The tech-heavy Nasdaq index fell about 5.5 percent by the end of Thursday’s trading,
» Read more about: Trump Blames Democratic Midterm Wins for Stock Market Drop »
Calamos Investments was founded by John P. Calamos Sr. in the 1970s as a global investment management company. The company is based in Naperville, IL, and manages $53 billion in assets, with $25 billion of those in liquid alternative funds.
Calamos offers a range of mutual funds, including equity, fixed-income,
» Read more about: Buy 3 Calamos Mutual Funds for Potential Returns »
Micron and AMD plunged 17% despite strong earnings, as richly priced AI stocks take the worst beating when the data-center boom is questioned.
Tesla’s 11% drop erased nearly $80 billion of Musk’s paper wealth, while the Nasdaq-100 fund sank 6% and NVIDIA slid 9%.
