Apple Surges After Revenue, Earnings Beat Expectations

Apple (AAPL) was trading up 4.03% in after-hours trading at 5:05 pm ET Tuesday thanks to its revenue and earnings beating expectations. Apple today announced financial results for its fiscal 2019 third quarter ended June 29, 2019. The Company posted quarterly revenue of $53.8 billion, an increase of 1 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.18, down 7 percent. International sales accounted for 59 percent of the quarter’s revenue. “This was our biggest June quarter ever — driven by all-time record revenue from Services,…

Cambria Enters Cannabis ETF Space With Low-Cost ‘TOKE”

Cambria Investment Management entered the cannabis investing space on Thursday with the launch of the Cambria Cannabis ETF (TOKE) on Cboe. The fund is actively managed, and is currently the lowest cost cannabis fund on the market with a net expense ratio of 0.42%. The other four cannabis ETFs (MJ, CNBS, YOLO, THCX) have an expense ratio range of 0.70% to 0.75%. TOKE joins a suite of 11 other Cambria ETFs, that span across tactical, core and value strategies. Meb Faber, Cambria co-founder and CIO, said his company was founded…

Big Investing Opportunities in 5G, Cloud Computing and E-Commerce

With the evolution of 5G, cloud computing and e-commerce growing rapidly, trillions of dollars will be spent in the next few years to facilitate the massive build out of infrastructure and technology to support these disruptive industries. On the recent webcast, 5G, Cloud Computing and E-commerce: How to Capture the Growth in ETF Strategies, Sean O’Hara, President, Pacer ETFs Distributors, Pacer ETFs and Kevin Kelly, CEO, Benchmark Investments, explored how advisors can capitalize on thematic growth trends and yield opportunities associated with 5G, autonomous vehicles, servers, artificial intelligence, e-commerce and…

Style Surfing the Business Cycle

By Corey Hoffstein, Newfound Research Just as soon as the market began to meaningfully adopt factor investing, someone had to go and ask, “yeah, but can they be timed?”  After all, while the potential opportunity to harvest excess returns is great, who wants to live through a decade of relative drawdowns like we’re seeing with the value factor? And thus the great valuation-spread factor timing debates of 2017 were born and from the ensuing chaos emerged new, dynamic factor rotation products. There is no shortage of ways to test factor rotation:…

AGF Debuts Two Alternative ETFs on NYSE Arca

Two new alternative ETFs debuted on NYSE Arca today: the AGFiQ Global Infrastructure ETF (GLIF) and AGFiQ Dynamic Hedged U.S. Equity ETF (USHG). The pair of new ETFs from AGF Management Limited (AGF) provide the company with the opportunity to leverage their capabilities and bring to the U.S. marketplace additional innovative strategies through their quantitative and factor-based investment platform – AGFiQ. Bill Carey, Chief Executive Officer, AGF Investments LLC, said the launch of these new products reinforces AGF’s commitment to bringing new alternative solutions to investors in the U.S. “At…