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US Government Receives First And Only Credit Rating Downgrade 11 Years Ago Today: What's Happened Since?
Friday, August 5, 2022 - 11:13am | 325Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 2011, Standard & Poor's cut the United States’ credit rating from AAA to AA+. Where The Market Was: The Dow Jones Industrial Average closed at 11,444...
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From Facebook To Netflix: The S&P's Big Sector Shakeup, Explained
Friday, September 21, 2018 - 1:12pm | 781Standard & Poor's and Morgan Stanley Capital International are reclassifying the companies that constitute the S&P 500 Index for the first time since 1999. What makes the change more interesting is that it shifts the balance of the index. The new communication services...
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The Communication Services Sector Is Almost Here
Wednesday, September 12, 2018 - 11:57am | 512The arrival of the communication services sector becomes official later this month. It's a move that will see an array of well-known stocks in the consumer discretionary and technology sectors move to communication services. The move was previously announced by index providers MSCI...
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Another Week Of Woes For The Turkey ETF
Saturday, August 18, 2018 - 9:41am | 531Compared to the prior week, last week wasn't all that bad for the iShares MSCI Turkey ETF (NYSE: TUR). The only U.S.-listed exchange traded fund dedicated to Turkish stocks lost 0.79 percent last week. TUR is still down almost 23 percent month-to-date and more than 51 percent year-to-date. More...
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Moving Day: The Stocks Leaving Tech, Discretionary ETFs For The New Communication Services Sector
Friday, May 18, 2018 - 1:06pm | 595Index providers Standard & Poor's and MSCI Inc. announced plans last year to reconfigure the telecommunications sector as communication services, a move that will result in the departure of some well-known companies from some popular consumer discretionary and technology exchange traded...
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How ETFs Could Look After Sector Changes
Monday, January 22, 2018 - 4:03pm | 664Later this year, Standard & Poor's and MSCI, two of the dominant providers of indexes for exchange-traded fund and index funds, will unveil changes to several major sectors as part of alterations to the Global Industry Classification Standards (GICS). The telecom sector is expected to...
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A New ETF Finds Truly Sustainable Dividends
Wednesday, December 20, 2017 - 10:15am | 530The name of the game when it comes to dividend investing is not just collecting payouts — it's finding companies that are consistent growers of their dividends. While S&P 500 dividend action, broadly speaking, has been largely positive in recent years, there remain cases of dividend...
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Asset Class Year In Review: Equities, Commodities, Cryptos, And Cannabis
Tuesday, December 19, 2017 - 8:37am | 12682017 will go down in history as one of the best years for the financial markets, with risky bets such as equities clocking in strong returns. The global economy expanded robustly, interest rates remained accommodative, and corporate profits grew — all catalyzing strong upward moves in several...
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A New ETF That's An Alternative To Cash
Friday, January 13, 2017 - 3:32pm | 338Some exchange-traded funds provide investors with an alternative to money markets and other low-yielding cash instruments. The newest addition to that field is the PowerShares Exchange-Traded Fund Trust II (NYSE: CLTL), which debuted Thursday. This PowerShares treasury collateral portfolio follows...
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As Sector Separation Looms, Interest-Leveraged Real Estate ETF Blooms
Tuesday, August 30, 2016 - 11:43am | 544As has been widely documented, real estate will become the eleventh GICS sector at the end of this month, separating from financial services. It's Almost Here, And Analysts Are Ready It is believed the news, widely known since index providers Standard & Poor's and MSCI made the announcement...
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First Solar Bulls Get Burned Following Q2 Beat
Thursday, August 4, 2016 - 2:16pm | 366First Solar, Inc. (NASDAQ: FSLR) bulls are enduring a frustrating trading session on Thursday. The stock is down 11.3 percent on the day following Q2 earnings and revenue beats. First Solar charged $86 million in Q2 when it decided to no longer make solar panels using TetraSun’s silicon...
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Turkey Tumult Doesn't Ding Demand For EM Bonds
Thursday, July 21, 2016 - 12:30pm | 576The Ishares Msci Turkey Inv Market Index Fd (NYSE: TUR) tumbled again Wednesday, extending a three-day slide that has seen the lone exchange-traded funded dedicated to Turkish stocks plunge about 14 percent. On Wednesday, volume was again elevated in TUR as turnover in the ETF was more than triple...
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A New Look Is Coming For XLF
Thursday, June 30, 2016 - 9:34am | 534As has been previously highlighted in this space, the real estate group will become the eleventh S&P 500 sector at the end of August, separating from financial services. That means changes are afoot for the Financial Select Sector SPDR Fund (NYSE: XLF), the largest exchange-traded fund...
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Keys To More Upside For The Turkey ETF
Friday, June 24, 2016 - 8:20am | 473Up nearly 13 percent year-to-date, the Ishares Msci Turkey Inv Market Index Fd (NYSE: TUR) is one of this year's better-performing single-county emerging markets exchange-traded funds. Turkish Delight? TUR's bullishness this year's comes amid lingering concerns about the country's...
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Timing The Turkey ETF Remains Tricky
Monday, January 25, 2016 - 3:07pm | 632The Ishares Msci Turkey Inv Market Index Fd (NYSE: TUR) has recently had a spotty record of outperforming the MSCI Emerging Markets Index. For the six years ended 2015, the iShares MSCI Turkey ETF outpaced the benchmark emerging markets gauge in just three years. The lone Turkey ETF is off to a...