Stoyan Bojinov is the head ETF writer for ETFdb.com, where he contributes articles and analysis on a daily basis. Stoyan graduated from DePaul University with a bachelor's degree in finance and joined the ETFdb team in 2011 where he has become an influential voice in the industry.
He is responsible for constructing and maintaining ETFdb’s lineup of all-ETF model portfolios as well as publishing premium content, including ETFdb's monthly ETF Edge Newsletter, and the twice weekly ETF Insider column. Stoyan's work has also been highlighted in a number of prominent financial publications, including Barron's and Financial Advisor Magazine. His interests include technical analysis, swing trading, and commodities.
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Stocks charged higher on Tuesday as stimulus hopes ahead of today’s FOMC minutes kept confidence levels afloat, while a sparse data front further paved the way higher for major equity benchmarks. Bernanke’s testimony to the Joint Economic Committee of Congress this afternoon should offer some valuable insights into the Fed’s policy stance, which currently follows the “wait-and-see” approach as policymakers recently expressed their willingness to raise or lower bond repurchases depending on how economic conditions evolve.
As such, our ETF to watch for today is the SPDR Gold Trust (GLD, A) because it has a history of volatile trading following commentary from Fed Chairman Bernanke [see also The Cheapest ETF For Every Investment Objective].
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Stocks kicked off the week with a bang as deal-making news across Wall Street brought out the bulls, although profit taking swooped in before the closing bell as markets digested the stellar gains from last week. News of Yahoo! (YHOO) buying blogging giant Tumblr and drug maker Actavis (ACT) purchasing Warner Chilcott sent a wave of euphoria across the stock front as investors had no other major economic reports to read through on the day [see also The Cheapest ETF For Every Investment Objective].
Our ETF to watch for today is the CurrencyShares British Pound Sterling Trust (FXB, A-), which may spike in either direction at the opening bell as investors react to the overnight CPI release. Analysts are expecting Britan’s infaltion rate to come in at 2.6%, which would mark a modest downtick from last month’s CPI reading of 2.8%.
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U.S. markets are on the move again as merger and acquisition news are spurring buying euphoria even after last week’s stellar run-up. Stocks are off to a strong start this week as news of Yahoo! buying blogging giant Tumblr is helping to keep confidence levels afloat while a clear data front in the first half of the [...]
The party continued on Wall Street this past week as bullish euphoria carried equity indexes further into uncharted territory; the S&P 500 Index cruised past the 1,650 level while the Dow Jones Industrial Average settled above the 15,300 mark. On the data front, potential signs of weakening fundamentals began to resurface after industrial production and weekly jobless [...]
Major equity benchmarks posted mixed results on Thursday as profit taking pressures inevitably resurfaced following the stellar run-up seen earlier this week. Mixed economic data releases on the day only added to the bull’s sense of urgency to lock-in profits ahead of the weekend; housing starts and weekly jobless claims came in worse-than-expected while inflation worries subsided after [...]
The bulls continue to reign supreme on Wall Street as buying pressures mounted even after domestic economic reports came in mixed. Investors focused on stimulus hopes and major equity indexes continued their ascent to record highs in light of lackluster manufacturing data; industrial production for April posted a 0.5% contraction, marking a noticeable deterioration from [...]
The bulls returned to Wall Street with full force on Tuesday as a relatively quiet data front left the doors open and investors bolstered major U.S. equity indexes further into uncharted territory. Upbeat small business confidence data on the day added fuel to the rally; the NFIB small business optimism index rose to 92.1 in April, [...]
Investors kicked off the trading week on a mixed note as profit taking pressures were challenged by upbeat U.S. retail sales data. After soaring to all-time highs last week, major U.S. equity benchmarks took a breather on Monday as many locked in profits despite encouraging economic data; April retail sales posted a 0.1% increase, marking a modest [...]
Stocks are off to a mixed start this week as upbeat retail sales data is colliding with a growing urgency to take profit as major U.S. benchmarks drift higher into uncharted territory. Selling pressures were further bolstered by mentions of the Fed’s exit strategy, although fading stimulus hopes are likely to be short-lived judging by [...]
The bulls took a breather yesterday as profit taking pressures resurfaced due to the S&P 500′s stellar run-up of more than 14% year-to-date. Even after better-than-expected U.S. employment data hit The Street, sellers didn’t hesitate to swoop in and lock in profits ahead of the final trading day of the week; nonetheless, bearish sentiment was contained after weekly [...]
The bulls continue to reign supreme on Wall Street as earnings and data releases are helping to keep confidence levels afloat. Weekly jobless claims added fuel to the rally after coming in better-than-expected, but many investors couldn’t resist taking some profits off the table considering the stellar run-up; year-to-date, the S&P 500 Index has gained [...]
Major U.S. equity benchmarks continued their ascent into uncharted territory as better-than-expected earnings reports from bellwethers kept confidence levels elevated. Upbeat quarterly results from Whole Foods and Electronic Arts resonated well for investors on Wall Street, and according to data compiled by Bloomberg, just over 70% of companies that have released results at the start [...]