SLX: A Bazaar Of Fire-Sale Steel Stocks – VanEck Vectors Steel ETF (NYSEARCA:SLX)

(Source – Pexels) The U.S. steel industry has been in a rough patch since the crash in housing development in 2008. Most steel companies trade at less than half the price as they had during their peak in 2008. Chinese demand for steel has slowed drastically, and ongoing global manufacturing slowdown has created extreme pessimism in the industry. I believe that the current economic slowdown and trade spats will begin to impact other parts of the economy like technology and healthcare, while the primary sector like steel and energy will…

Nasdaq cracks down on IPOs of small Chinese companies By Reuters

© Reuters. FILE PHOTO: A woman walks past the Nasdaq MarketSite in New York’s Times Square By Echo Wang and Joshua Franklin (Reuters) – Nasdaq Inc (O:) is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers. Nasdaq’s attempt to limit these stock market flotations comes as a growing number of them end up raising most of the capital in their IPO from Chinese sources, rather than from U.S. investors. The…

Who Succeeds Mark Carney? Brexit Brings Uncertainty to the Bank of England

The British government is hiring. Requirements: A candidate who can keep markets calm, put up with criticism from politicians and deftly respond to an unprecedented economic event as Britain tears itself away from the European Union, while the rest of the world economy stutters. Send applications to: Unknown. The person who succeeds Mark Carney as leader of the Bank of England will have to brace for a challenge. When Britain voted to leave the European Union, Mr. Carney was quick to reassure the public that the central bank would support…

SDY: A Great Dividend ETF To Consider As Recession Fears Mount – SPDR S&P Dividend ETF (NYSEARCA:SDY)

SDY: A Great Dividend ETF To Consider As Recession Fears Mount - SPDR S&P Dividend ETF (NYSEARCA:SDY)

The US economy is facing some headwinds. The inversion of the yield curve and the moderation in the economic growth in the second quarter have mounted recession fears. I think this might be a good time for investors to consider increasing exposure to high-quality stocks which have a solid track record of consistently rewarding investors with dividend hikes. With the SPDR S&P Dividend ETF (SDY), investors can gain exposure to more than a hundred such stocks. The ETF outperformed in recent past when Wall Street tumbled and I believe it…