Dow Jones Industrial Average 2 Minute(INDEXDJX:.DJI): Technicals Remain Weak

After two big days to the downside equites were oversold and looking to bounce.   Sure enough, the major indices opened strong to the upside on Friday, despite no major economic reports or news.  Friday was purely a technical bounce and the selling may not be over. The early gains were nearly given up midway in the session on Friday, but a strong finish broke the losing streak.  It was 6 straight losing sessions for the SPX before finishing positive on Friday. Big Techs were strong and lead to the NDX…

Sweden’s Northvolt lands BMW deal in boost before fund raising By Reuters

2/2 © Reuters. Paris Auto Show 2/2 By Esha Vaish STOCKHOLM (Reuters) – Sweden’s Northvolt has secured a partnership with German carmaker BMW (DE:) and is seeking more funds from the European Investment Bank (EIB) to help its plans to build Europe’s largest battery factory. The firm’s new plant is seen as central to Europe’s effort to compete with Asian rivals such as CATL (SZ:), Samsung (KS:) and LG Chem (KS:), which have gained a lead in the battery market by locking in supply deals with carmakers. Northvolt said on…

Columbia Threadneedle Investments Licenses ActiveShares℠ Exchange-Traded Fund Structure

Columbia Threadneedle Investments Licenses ActiveShares℠ Exchange-Traded Fund Structure

BOSTON–(BUSINESS WIRE)–Columbia Threadneedle Investments today announced that it has entered into an agreement with Precidian Investments LLC (“Precidian”) to license Precidian’s ActiveShares℠ methodology. The Precidian model, subject to applicable regulatory approvals, would allow Columbia Threadneedle to deliver its actively-managed investment strategies in an ETF without disclosing the ETF’s portfolio holdings daily, as required of actively managed ETFs. Precidian is currently seeking approval from the Securities and Exchange Commission (SEC) for the use of ActiveShares by asset managers. Dan Beckman, Head of U.S. Product at Columbia Threadneedle, said: “We are committed…

The iShares Core S&P 500 ETF Could Be Worth $318

Share to facebook Share to twitter Share to linkedin Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself.  For the iShares Core S&P 500 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $317.85 per unit. With IVV trading at a recent price near $278.03…