First Trust Mega Cap AlphaDEX ETFNASDAQ
Wed, Sep. 21, 9:29 AM
- First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) - $0.084.
- First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) - $0.157.
- First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) - $0.027.
- First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) - $0.108.
- First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) - $0.072.
- First Trust Mega Cap AlphaDEX Fund (NASDAQ:FMK) - $0.119.
- First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) - $0.023.
- First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) - $0.144.
- Payable Sept. 30; for shareholders of record Sept. 23; ex-div Sept. 21.
- Press Release
Wed, Jan. 13, 5:06 AM
- The SocGen strategist says the West is about to be hit by a wave of deflation from emerging market economies and that central banks were unaware of the disaster about to hit them.
- “I realize most people think I am talking utter garbage but I’m used to that. And maybe I am! But the truth will come out in the next recession which may be pretty close now,” Edwards says.
- “The previous bear market low was in March 2009 when the S&P reached 666. I think we’ll go below that within this bear market.
- “Developments in the global economy will push the U.S. back into recession. The financial crisis will reawaken. It will be every bit as bad as in 2008-09 and it will turn very ugly indeed.
- “Emerging market currencies are still in freefall. The U.S. corporate sector is being crushed by the appreciation of the dollar.
- He says the U.S. economy is in far worse shape than the Fed realizes: “We have seen massive credit expansion in the U.S. This is not for real economic activity; it is borrowing to finance share buybacks.”
- Edwards attacked the “incredible conceit” of central bankers, who had failed to learn the lessons of the housing bubble that led to the financial crisis and slump of 2008-09. “They didn’t understand the system then and they don’t understand how they are screwing up again. Deflation is upon us and the central banks can’t see it.”
- Note: Edwards's "Ice Age" thesis goes back to Aug. 2008, and was reiterated in Dec. 2009, Sept. 2011, and May 2012.
- ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, SPLV, RSP, SPXS, QID, PRF, SQQQ, QLD, CRF, DOG, DXD, RWL, UDOW, EPS, SDOW, VV, USA, SCHX, DDM, VFINX, IWB, OEF, ZF, SPHB, MGC, SPHQ, BXUB, QQEW, FEX, QQQE, VONE, XLG, JKD, EEH, SPLX, SFLA, BXUC, EQL, QQXT, ROLA, IWL, SPUU, ONEK, EQWL, EWRI, LGLV, ERW, EQAL, FWDD, FMK, ZLRG
Mon, Jan. 11, 4:38 AM
- JPM strategists note that earnings expectations have been managed aggressively going into earnings season. Four months ago, the "hurdle rate" for S&P 500 stocks was +5% Y/Y; now it's -4% Y/Y. “If this were to materialize, it would be the weakest quarter for EPS delivery so far in the upcycle.”
- Energy sector earnings consensus signals only single-digit losses, while oil prices are 36% below the 21015 average.
- Sees euro-zone earnings outperforming U.S. for second year running.
- Overall, firm says risk/reward for stocks is poor. Use bounces as selling opportunities.
- ETFs: SPY, QQQ, DIA, SH, XLE, SSO, SDS, VOO, IVV, VDE, UPRO, PSQ, SPXU, ERX, TQQQ, OIH, SPXL, SPLV, XOP, RSP, SPXS, QID, PRF, SQQQ, ERY, FCG, QLD, CRF, DOG, DIG, GASL, DXD, PBW, RWL, UDOW, EPS, DUG, SDOW, BGR, XES, IYE, VV, USA, IEO, SCHX, DDM, VFINX, IEZ, QCLN, FENY, PXE, IWB, OEF, PXI, ZF, FIF, PXJ, SPHB, MGC, SPHQ, PSCE, BXUB, NDP, RYE, QQEW, FEX, QQQE, VONE, XLG, JKD, FXN, EEH, SPLX, PUW, SFLA, BXUC, EQL, QQXT, DDG, ROLA, IWL, SPUU, ONEK, HECO, EQWL, EWRI, LGLV, ERW, FWDD, EQAL, ZLRG, FMK, CFA, SYE, CFO, LLSP, UDPIX, SBUS, USWD, USSD, DRIP, GUSH, OTPIX, QUS, RYARX, GSLC
Apr. 22, 2014, 2:51 PM
- A "regime change" is at hand, argue two BAML technicians, with mega caps set to take over leadership of the market from small caps.
- The iShares S&P 100 ETF (OEF) is up 1.3% YTD vs. the iShares Russell 2000 ETF (IWM) down 1.5%. Over both 5- and 10-year horizons, however, the small caps are comfortably ahead.
- "Mega caps are set up for relative leadership while small caps are breaking relative support and set up for a loss of leadership," setting up a "regime change for the rally that began in late 2012 which was led by small caps and lagged by mega caps."
- ETFs: IWM, TZA, TNA, UWM, VB, IJR, SLY, RWJ, URTY, SCHA, TWM, RWM, SRTY, OEF, DWAS, SAA, MGC, VTWO, XLG, SDD, VIOO, RSCO, JKJ, SBB, FYX, XSLV, EWRS, TWOK, IWL, SMLV, FMK, PXSC
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