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Following a better-than-expected labor report, U.S. equities ripped higher, with the Dow Jones Industrial Average rising above 15,000 and the S&P 500 topping the 1,600 level during the session. According to the Labor Department, April saw 165,000 new jobs and the unemployment rate fell to a four year low of 7.5%. Non-farm payrolls also came in better than expected. In other economic news, the Institute for Supply Management reported that its non-manufacturing index rose in April, but at a slower pace than expected [see The Cheapest ETF for Every Investment Objective]. [click to continue…]

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The first quarter of 2013 earnings season has taken over the headlines, with several bellwethers reporting both hits and misses. Of the trends seen so far this season, firms missing revenue expectations seems to be a predominant one; many companies have beaten profits not because revenues are up, but because costs have decreased. However, some firms have surprised investors and analysts alike by significantly increasing dividend payouts [see What Can You Buy With Apple's Cash?]. [click to continue…]

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It was a tumultuous day on Wall Street today, after a false tweet nearly derailed the markets. During the afternoon hours, the Twitter account of the Associated Press was hacked, and a tweet claiming that there were two explosions in the White House and that Obama was injured sent markets veering; the Dow plunged 145 […]

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The bulls dominated Wall Street today, as markets started off the holiday-shortened week with several better-than-expected earnings. DuPont (DD), one of the leading diversified manufacturers, posted fourth-quarter profits that fell less than analyst expected and reported positive earnings forecasts for the second half of the year. Travelers (TRV) reported earnings significantly higher than expectations, surprising many who believed […]

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The ETF industry has grown by leaps and bounds over the last five years and innovation across products has brought forth a multitude of previously inaccessible investment strategies to mainstream investors. Aside from the vast expansion in the exchange-traded product universe, the last five years have been nothing short of a roller coaster ride. Global […]

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The summer months generally bring a slowdown in trading activity on Wall Street, so it isn’t surprising that product development activity has seemingly slowed a bit in the ETF industry as of late. After dozens of new product launches in previous months, just ten new ETFs debuted in July according to the ETF Launch Center. […]

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Wall Street managed to march higher early last week, however, domestic equities settled into range-bound trading for the remainder of the period given a lack of upbeat economic news and overall pessimism stemming from the situation in Egypt. Political instability and civil unrest in the region continue to put pressure on financial markets around the […]

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Over the past two years, the financial sector has seen more than its fair share of ups and downs. After being pushed to the brink of complete collapse after the Lehman Brothers bankruptcy, financials recovered to reclaim big chunks of the ground lost and finish 2009 as one of the year’s best performers. The financial […]

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When the Obama administration unveiled last week its proposed Financial Crisis Responsibility tax, it appeared that the primary targets would be large banking institutions that had accepted billions of dollars in federal bailout funds last year. But a closer look at the proposal indicates that a handful of large insurance companies, many of whom did […]

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Over the past year, the financial sector has been a favorite target of criticisms, frequently accused of outrageous greed that sparked the mortgage meltdown in the U.S., eventually spreading to nearly all corners of the global economy. Moreover, the volatility of financial companies has skyrocketed, perhaps best evidenced by the fact that Direxion’s 3x leveraged Daily […]

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As the ETF industry has exploded on to the scene in recent years, sponsors have aggressively launched funds in an attempt to gain market share. While many of these new ETFs have attracted sufficient investor funds to justify continued operation, some have failed to garner a level of investment necessary to support an active, liquid market […]

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