1 2 On Monday, we posted about ETFs to watch this week. One of those was the Invesco S&P 500 High Beta ETF. As you scan down the list of top holdings, you’ll see a number of companies that have high short interest. The rotation to more value-oriented companies with high short interest was likely going to be a key driver if the market were to test the all-time high this week. One look at the fund and its holdings and you’ll see that’s exactly what happened. The market right now is in a precarious position as optimism started to build last week. Goldman began raising their outlook f...

After posting the worst monthly performance in a decade, the U.S. dollar has been able to hold its ground. The value of the dollar is typically determined by the exchange rates of the world’s major currencies. The U.S. Dollar Index is one measure that investors typically use to represent the dollar’s performance. Investing I the dollar index can be done through the Invesco DB Dollar Index Bullish Fund (NYSEARCA: UUP) and on Monday, it was the options market on that ETF that exploded. The U.S. Dollar Index is weighted primarily to the Euro currency. At a weighting of approximately 57%, t...

Axis Capital Holdings Ltd (NYSE: AXS) is a $3.61 billion property and casualty company that saw a surge in buying activity last week from an independent director of the company named Charles A. Davis. Davis is the CEO of Stone Point Capital and Chairman of the Investment committees of the Trident Funds and is not new to investing in property and casualty with previous positions in Progressive Corp in 2012. After succumbing to the market selling in February, the share price has been rangebound between $35 and $43.50. The price was able to close above that resistance last Friday. The pric...

1 2 It’s been a surprising Q2 earnings season so far. With over 80% of companies beating estimates and earnings growth coming in higher than expected, it has led Goldman Sachs to raise their earnings guidance for the next two quarters last Friday. As we look forward to finishing this week, there are several relevant companies reporting earnings. Here’s five companies to watch and what to expect. As you consider the Q2 earnings season, it’s hard to be bullish about seeing earnings decline by 35% on over 10% lower revenues as of last week. However, it is easy to point to closing the eco...

As the S&P 500 finished higher on Friday to end the week, it was the Technology sector that seemed to lose its way. While the sector finished in the middle of the pack for the week in terms of performance, it was the laggard on Friday with nearly a 1.5% decline. The only other sector to finish lower was Communications. The Technology Select Sector SPDR Fund (NYSEARCA: XLK)  is an ETF that tracks the sector and it saw some large bearish activity emerge as the price began to fall. Last week saw the Industrial Sector lead the all S&P 500 sectors with a 4.74% gain. That was followed...

It’s been six months since Amazon.com, Inc (NASDAQ: AMZN) Chairman, President and CEO Jeff Bezos has sold shares. As Amazon is struggling with the high altitude of its price, he’s selling again. While the number of shares isn’t significant in terms of his holdings, it is an indication that the price may be vulnerable here as the economy is continues mired in a recession. Since the March low near $1620, Amazon’s share price has over doubled from that level. When you think about the state the economy is in, it makes you wonder how it could be at that level when S&P 500 earnings are do...

1 2 An ETF is a conglomeration of companies that are typically organized by market cap, index, or industry. The idea is to group similar companies together that allows investors some opportunity to diversify based on a particular investment preference. Here’s a list of ETFs that are more focused and invest in areas that are may see big moves in the next week or two. The trouble with many style ETFs is that they are dominated by the same handful of stocks that everyone can name.  Many investors unwittingly invest in them anticipating some degree of diversification but find themselves c...

After the market close on Thursday, it was up to Uber Technologies Inc (NYSE: UBER) to give a hint at the state of rideshare companies following the advent of COVID-19. While the company was down afterhours, the results beat expectations. With LYFT Inc (NASDAQ: LYFT) set to announce next week, option bulls have been building their positions for most of the week and are looking for a positive result next week. For Uber, analysts were expecting an $0.86 loss, which the company ended up missing with a wider loss of $1.02. The company’s revenue beat analyst expectations with $2.18 billion, ...