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Semiconductor ETFs

What the 3rd Quarter Tells Us About The Stock Market In October

By | Biotechnology ETFs, Bond ETFs, Consumer ETFs, Current Affairs and ETFs, Dividend ETFs, Energy ETFs, ETF Philosophy, ETF Strategy, International ETFs, Large Cap ETFs, Semiconductor ETFs, Special Sectors ETFs, Technology ETFs, US Markets and ETFs, Utilities ETFs | No Comments

Three months ago to the day (6/30), I served up a list of reasons for lowering one’s exposure to riskier assets. I discussed weakness in market internals where fewer and fewer corporate components of the Dow and S&P 500 had been propping up the popular U.S. benchmarks. I talked about the faster rate of deterioration in foreign stocks over domestic stocks via the Vanguard FTSE All-World (VEU):S&P 500 SPDR Trust (SPY) price ratio. Additionally, I highlighted exorbitant U.S. stock valuations,…

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Bull Market, Bear Market or Barely Moving Market?

By | Bond ETFs, Consumer ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Financial ETFs, Health ETFs, Internet ETFs, Materials ETFs, Natural Resources ETFs, Retail ETFs, Semiconductor ETFs, Technology ETFs, Telecom ETFs, Transportation ETFs, Utilities ETFs | No Comments

Perma-bulls may note that the S&P 500 eked out a 0.4% gain in the first quarter of 2015. They may also choose to ignore warning signs such as the 5th consecutive month of decelerating economic activity in the manufacturing segment. The last time that this happened? 2008. A quick check of the individual sectors that make up the overall market demonstrates that an increasing number of them are losing ground rather than gaining it. For example, the transporters in the…

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“Old Tech” ETFs Are Better Risk-Reward Prospects Than “New Tech” ETFs

By | Biotechnology ETFs, Consumer ETFs, Currency ETFs, ETF Philosophy, ETF Strategy, Internet ETFs, Semiconductor ETFs, Special Sectors ETFs, Technology ETFs, US Markets and ETFs | No Comments

Scores of investors often regard Benjamin Graham as the grandfather of value investing. Even those who shun Graham’s methods of analyzing securities tend to revere quotes attributed to him. For example, on market complacency, “… chief losses to investors come from the purchase of low-quality securities at times of good business conditions.” In this discussion, we can assume that business conditions are relatively good. After all, over the last five years, corporations have refinanced their debts, boosted profit margins, strengthened…

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Diversification Across ETF Asset Classes Reclaims Its Mojo

By | Bond ETFs, Commodity ETFs, Consumer ETFs, Currency ETFs, Current Affairs and ETFs, Energy ETFs, ETF Philosophy, ETF Strategy, Financial ETFs, Health ETFs, Industrial ETFs, Materials ETFs, Real Estate ETFs, Retail ETFs, Semiconductor ETFs, Special Sectors ETFs, Technology ETFs, Telecom ETFs, Transportation ETFs, US Markets and ETFs, Utilities ETFs | No Comments

Glum economic data derailed U.S. stocks in January. A mammoth “miss” for manufacturing activity, an unsettling decline in mortgage applications as well as an appalling “net-new-jobs” number were some of the high-profile culprits. At long last, it seemed as if the market might treat bad news as a reason to recoil. Here in February, though, disappointing data have only strengthened the resolve of buy-the-dip investors. Job growth deceleration from a 3-month rolling average of 190,000 down to 150,000 sent U.S….

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Stock ETFs Overvalued? “Old Tech” Begs To Differ

By | Current Affairs and ETFs, Dividend ETFs, ETF Philosophy, ETF Strategy, Semiconductor ETFs, Technology ETFs, Telecom ETFs, US Markets and ETFs | No Comments

Warren Buffett and Berkshire colleagues are publicly complaining about the absence of stock bargains. What they should be saying is that broad-based equity investors were wrong to cheer the Federal Reserve’s economic downgrade and subsequent continuation of its money-printing, bond-buying program; in particular, lower economic forecasts by the Fed will likely be accompanied by reduced revenue and lower earnings at the corporate level. Nevertheless, investors are now conditioned to believe that stocks are the only place for one’s money. Many…

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Tech and Healthcare ETFs… Are They All That We Have Left?

By | Biotechnology ETFs, Bond ETFs, Current Affairs and ETFs, Defense & Aerospace ETFs, ETF Philosophy, ETF Strategy, Health ETFs, Internet ETFs, Semiconductor ETFs, Technology ETFs, US Markets and ETFs, Utilities ETFs | No Comments

On Monday, 8/19/2013, U.S. stocks logged their first 4-day losing streak of the calendar year. Until recently, the idea of a pullback had begun to seem far-fetched. The S&P 500 SPDR Trust (SPY) had been hitting high after record high with remarkable ease. Now the only “rally talk” is centering on how high longer-term bond yields might climb. The higher the 10-year Treasury yield goes, the lower most market-based securities go. The ugliest falls from grace have occurred in former…

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Stock ETFs With Super-Sized Dividend Yields

By | Asia ETFs, China ETFs, Current Affairs and ETFs, Dividend ETFs, Emerging Market ETFs, Energy ETFs, ETF Strategy, Europe ETFs, Global ETFs, Large Cap ETFs, Materials ETFs, Natural Resources ETFs, Real Estate ETFs, Semiconductor ETFs, Special Sectors ETFs, Technology ETFs, US Markets and ETFs | No Comments

Since the October 2011 lows, my clients have benefited immensely from the middle of the risk spectrum. Prominent ETF areas — high yield corporate bonds, emerging market bonds, preferreds, REITs, dividend stocks — continue to provide remarkable price appreciation as well as reliable income. At the same time, yield doesn’t always have to come from traditional places. (Review Ultra-High Yield ETN Investing In Business Development Companies.) And, at other times, you simply can’t get yield from the usual suspects. (Think treasury bonds.) So…

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Are NASDAQ 100 ETFs Extremely Cheap?

By | Biotechnology ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Large Cap ETFs, Semiconductor ETFs, Technology ETFs, US Markets and ETFs | No Comments

Before the bell on Monday, 5/7/2012, Warren Buffett announced that he’d eagerly acquire shares in two major U.S. corporations. Yet tech standouts like Apple (AAPL) and Google (GOOG) aren’t on his “buy list.” Maybe they should be. According to Birinyi Associates, the current price-to-earnings ratio of the Dow Industrials is 14.5. For the NASDAQ 100? 11.8. Mr. Buffett had good reason to mistrust “haven’t-made-a-dime” dot-coms in the 90s. He may have an equally compelling reason to avoid Facebook shares at…

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Are Tech and Consumer ETFs Serving As Safer Havens?

By | Consumer ETFs, Energy ETFs, ETF Philosophy, ETF Strategy, Financial ETFs, Health ETFs, Industrial ETFs, Internet ETFs, Materials ETFs, Natural Resources ETFs, Semiconductor ETFs, Technology ETFs, Telecom ETFs, Transportation ETFs, US Markets and ETFs, Utilities ETFs | No Comments

Financial stocks rocketed ahead in the first quarter and Bank of America (BAC) recently received a high-profile upgrade. So why is the SPDR Select Sector Financials Fund (XLF) one of the worst performers over the last 5 days? Aluminum giant, Alcoa, surprised Wall Street with its stronger-than anticipated earnings report. So why is the SPDR Select Sector Materials Fund (XLB) battling to stay above a critical long-term trendline? Apparently, the more things change, the more they actually stay the same. As much as…

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P/E Reversals May Identify Sector ETFs With The Most Promise In 2012

By | Consumer ETFs, Current Affairs and ETFs, Energy ETFs, ETF Philosophy, ETF Strategy, Financial ETFs, Health ETFs, Industrial ETFs, Internet ETFs, Materials ETFs, Natural Resources ETFs, Retail ETFs, Semiconductor ETFs, Technology ETFs, US Markets and ETFs, Utilities ETFs | No Comments

In 2011, S&P 500 profits expanded 15%. And yet, the benchmark’s price finished in the very same place that it started the year. In essence, since prices flat-lined and earnings experienced double-digit growth, a fundamentally inexpensive stock market via the price-to-earnings ratio (P/E) became even cheaper. The most common reason cited for P/E contraction in 2011? The Euro Zone debt crisis. Obviously, sovereign debt concerns have not disappeared in 2012. That said, will its impact be as dramatic over the current 12 months as it was in the…

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