First Trust NASDAQ CleanEdge Smart Grid Infrastructure Index ETF
 (GRID)

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  • Apr. 25, 2014, 1:31 PM
    • Today's selloff is following the pattern of most in the past few weeks, with the small caps (IWM -1.9%) and tech (QQQ -1.5%) leading the way. Pacing declines in the Nasdaq are a 8.8% dive in Amazon post-earnings and a 4.6% fall in Facebook. Setting tongues wagging in FB - but hardly a huge deal - is the sale of another 283K shares by Sheryl Sandberg, bringing her holdings down to 8.7M shares.
    • The liquidation in biotech has previously been a convenient excuse for small cap selloffs, but the IBB is off just 1.4% today, outperforming the Russell 2000.
    • What's working? Utilities again. The XLU +0.8% today and +13% this year, outperforming the Russell 2000 by about 1.6K basis points.
    • Small cap ETFs: IWM, TZA, TNA, UWM, VB, IJR, SLY, RWJ, URTY, SCHA, TWM, RWM, SRTY, SAA, DWAS, VTWO, SDD, VIOO, JKJ, RSCO, SBB, FYX, XSLV, EWRS, TWOK, SMLV, PXSC
    • Utility ETFs: XLU, IDU, VPU, NLR, GRID, JXI, NUCL, DBU, IPU, UPW, RYU, PUI, FUTY, FXU, SDP, PSCU, UTLT
    • Biotech ETFs: IBB, XBI, BIB, BBH, FBT, PBE, BIS
    | Apr. 25, 2014, 1:31 PM | 7 Comments
  • Apr. 7, 2014, 11:58 AM
    | Apr. 7, 2014, 11:58 AM | 4 Comments
  • Apr. 4, 2014, 1:12 PM
    | Apr. 4, 2014, 1:12 PM | 6 Comments
  • Mar. 21, 2014, 11:13 AM
    | Mar. 21, 2014, 11:13 AM | 5 Comments
  • Mar. 13, 2014, 7:58 AM
    • The U.S. could suffer a nationwide blackout if just nine of the country's 55,000 electric-transmission substations were knocked out on a particularly hot day, the WSJ reports, citing a study from the Federal Energy Regulatory Commission.
    • The U.S. could suffer darkness "for weeks, if not months," the WSJ writes.
    • Utilities aren't required to protect vital substations unless they're located at nuclear facilities, although regulators are considering increasing security standards.
    • Meanwhile, nearly all utilities that took part in a drill last year to assess their ability to cope with online and physical attacks admitted they weren't prepared enough, a report from the North American Electric Reliability Corp shows. Over 2,000 participants from the U.S., Canada and Mexico were involved in the exercise.
    • ETFs: XLU, IDU, VPU, NLR, GRID, NUCL, RYU, PUI, UPW, FXU, SDP, FUTY, AMPS, PSCU, UTLT
    | Mar. 13, 2014, 7:58 AM | 2 Comments
  • Mar. 4, 2014, 5:06 AM
    • The WSJ profiles how the U.S. electricity grid is vulnerable to attacks on its transformers, which are the "glue" that holds the network together.
    • Few companies make transformers in the U.S., and the equipment can take over a year to produce and months to ship.
    • An assault on enough of the country's biggest 2,000 transformers could cause extended blackouts. Last year, a gun attack on 17 large PG&E Corp transformers took a California substation off line.
    • "With a couple dollar bullets, you can take out a transformer worth millions of dollars," said Steve Newman, vice president of Delta Star, a supplier of the products.
    • Utility ETFs: ETFs: XLU, IDU, VPU, NLR, GRID, NUCL, RYU, UPW, PUI, FXU, SDP, FUTY, PSCU, UTLT
    | Mar. 4, 2014, 5:06 AM | 2 Comments
  • Feb. 21, 2014, 3:17 PM
    • The Select SPDR Utilities ETF (XLU +0.4%) has already had a nice run this year - up 9% from an early January low - but technician Michael Kahn sees more gains ahead, noting it popped out of an 8-month trading range last week  and money is flowing in (based on a gauge measuring volume on up days vs. down days) for the first time in nearly a year.
    • Stocks such as Public Service Enterprise (PEG +0.5%) and CMS Energy (CMS -0.1%) are mirroring the ETF's chart, but Kahn sees better opportunities in names closer to 52-week lows. Of note in this category are PG&E (PCG +0.9%) - just out of a trading range and above its 200-day moving average for the first time since the summer - and Southern Co. (SO +0.1%). After moving sideways for six months, Southern has rallied to the top of its range and is pausing at its 200-day moving average. Any continued strength would break both the trading range and the 200-day.
    • Related ETFs: XLU, IDU, VPU, NLR, GRID, JXI, NUCL, DBU, IPU, UPW, RYU, PUI, FXU, SDP, FUTY, PSCU, AXUT, UTLT
    | Feb. 21, 2014, 3:17 PM | 5 Comments
  • Feb. 4, 2014, 9:28 AM
    | Feb. 4, 2014, 9:28 AM
  • Jan. 8, 2014, 10:34 AM
    • "The Safety Bubble Deflates," goes the title of a new report from Bernstein's Seth Masters, adding his name to those voices suggesting "safe" assets have become otherwise.
    • Even though utilities, telecom, and consumer staples have underperformed of late, says Masters, their relative valuations are still well above the average over the last 50 years. "In periods of stress, investors tend to prize stability and safety too much. But in time, investors discover that every investment carries with it some degree of risk: if not risk of loss, then risk of inadequate growth."
    • Related ETFs: XLU, IDU, VPU, NLR, GRID, JXI, NUCL, DBU, IPU, RYU, PUI, UPW, FXU, SDP, PSCU, AXUT, FUTY, UTLT, XLP, VDC, FXG, RHS, FSTA, PSL, PSCC, IYZ, VOX, IXP, IST, XTL, LTL, FCOM, TLL, AXTE
    • Barron's Jack Hough says the "low beta" approach is a flawed one: First, volatility can change quickly as companies' or industries' fortunes shift; Second, beta tells one nothing about whether a stock's valuation is high or low. In a similar warning over low volatility stocks, BAML suggests looking for companies with smooth earnings rather than smooth stock prices. Screening for such, Hough finds CSX Corp (CSX -0.6%), DuPont (DD +0.6%), Cisco (CSCO -0.6%), and Halliburton (HAL -0.8%).
    • Low volatility ETFs: SPLV, USMV, ACWV
    | Jan. 8, 2014, 10:34 AM | 7 Comments
  • Oct. 17, 2010, 4:10 PM

    A Chinese official warns the U.S. probe into China's green-energy subsidies will backfire - because it will force Washington to unveil its support for American renewables firms. Zhang Guobao, head of China's National Energy Bureau, says Beijing subsidies are tiny compared to the billions the U.S. pours into alt-energy firms.

    | Oct. 17, 2010, 4:10 PM | 15 Comments
GRID Description
This exchange-traded fund seeks investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the NASDAQ OMX® Clean Edge® Smart Grid Infrastructure IndexSM.
See more details on sponsor's website
Sector: Utilities
Country: United States
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