July saw an influx of assets in many of the largest known ETFs, with investors pouring in $61 billion. Many of these ETFs flew under the radar for a significant period of time but saw increased investment in July. Todd Rosenbluth, VettaFi Head of Research comments, "it's exciting for us to dig into these up-and-coming ETFs."Rosenbluth highlights the investing potential for ETFs in the fixed-income and AI landscapes, as well funds for hedging against inflation.
Investors were 'embracing risk' in July with diversified ETFs: Expert
08/10/2023 00:14
July saw an influx of assets in many of the largest known ETFs, with investors pouring in $61 billion. Many of these ETFs flew under the radar for a significant period of time but saw increased investment in July. Todd Rosenbluth, VettaFi Head of Research comments, "it's exciting for us to dig into these up-and-coming ETFs."Rosenbluth highlights the investing potential for ETFs in the fixed-income and AI landscapes, as well funds for hedging against inflation.
Barrons.com
Palantir Stock Tumbles. Where It Could Be Headed Next.
Palantir was a big AI winner and then August started. Palantir stock has fallen 8.75% to $15.55 on Wednesday, its lowest level since November 2022. Palantir stock peaked at $19.99 on Aug. 1, a move that put it up $211% since the start of the year.
TipRanks
Government Spending Will Propel the S&P 500 Higher, Says Kevin O’Leary — Here Are 3 ‘Strong Buy’ Stocks to Bet on It
The S&P 500 has notched some very respectable returns this year, but there’s reason to believe it is only the beginning of a sustained multiyear rally. At least, that is the opinion of ‘Shark Tank’ star Kevin O’Leary, who believes that while various sectors of the US economy will be dealing with a series of difficulties, the S&P 500 is poised to ride the momentum of increased government expenditure in the upcoming years. O’Leary anticipates that the CHIPS and Science Act along with the Inflation
Reuters
Wheels Up flags inability to continue operations, shares tank
(Reuters) -Wheels Up Experience said on Wednesday there was "substantial doubt" about its ability to continue operations, even as it disclosed short-term funding from Delta Air Lines, sending its shares plunging 42%. The company, which charters planes by the hour, has taken a slew of restructuring measures this year including job cuts and management changes as private jet traffic, which soared on demand from wealthy travelers during the pandemic, has slowed. Delta said in a statement that it was providing a short-term capital infusion in the form of a secured promissory note to Wheels Up, which is pursuing strategic partnerships.
TipRanks
This Is the Biggest Investment in High-Speed Internet Ever — and These Stocks Are Set to Reap the Rewards
At the end of June, the Biden Administration unveiled an ambitious goal to ensure reliable broadband internet access for the entire US, even the most remote rural areas. The project will involve a federal outlay of $42 billion, allocated to the states over the next two years. The President touts the initiative as a move to close the ‘digital gap’ that separates the haves and have-nots in the world of high-speed connectivity. “It’s the biggest investment in high-speed internet ever, because for t