Principal Financial, the Iowa-based retirement and mutual funds specialist, recently expanded its exchange-traded fund offerings with the launch of two new so-called smart-beta funds. Principal is one of the biggest asset managers in the US, yet it was largely missing from the ETF landscape with just one actively-managed product to its name. The Principal Shareholder Yield Index ETF (PY) targets …
Running Out Of Steam
[Chart courtesy of MarketWatch.com] Stocks ended flat Thursday, taking a breather after a nice two day rally. Trading today was mostly influenced by earnings reports from Bank of America (BAC) and Wells Fargo (WFC). Bank of America topped both earnings and revenue estimates. Wells Fargo topped profit expectations but was slightly below par on revenue. BofA gained and Wells fell …
Momentum Slows But Major Indexes Inch Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The resurgent U.S. stock market kicked off the holiday-shortened week by slightly extending last week’s gains as investors digested a big rally that has turned stocks positive for the year and reacted to deals in the hotel, paint and data businesses. A flurry of M&A deals announced Monday gave an assist, including Starwood Hotels …
China Troubles Continue To Spank Wall Street
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street’s worst opening to a new year since 2008 got even uglier today when repeated waves of selling sent the Dow tumbling almost 400 points and the Nasdaq into correction territory amid a global stock rout that started when China halted trading in its market again following a 7% plunge. The …
Market Commentary Delayed
Due to a variety of business commitments, today’s market commentary will be delayed. I hope to have it posted and emailed by 5:30 PM PST. Ulli…
Delayed Market Commentary
Due to a variety of commitments, today’s market commentary will be delayed. I hope to have it posted by around 5:30 PM PST. Ulli…