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GLD

SPDR Gold Shares

https://www.spdrgoldshares.com/usa/

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The Trust holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.

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Markets reacted to mixed U.S. economic data on Wednesday, initially interpreting the data as a sign of easing inflationary pressures, but later expressing concerns over potential economic deceleration. The Bureau of Economic Analysis lowered Q2 growth projections and the PCE price index, a key inflation gauge. The labor market also showed signs of a slowdown in new job additions. The U.S. dollar fell 0.5%, and Treasury yields dropped. Major ETFs with over $15 billion in AUM showing positive returns included SPDR Gold Trust (GLD), Energy Select Sector SPDR Fund (XLE), Industrials Select Sector SPDR Fund (XLI), SPDR Portfolio S&P 500 Growth (SPYG), and iShares Russell 1000 Growth ETF (IWF).

Portfolio Pulse from Piero Cingari

August 30, 2023 | 3:47 pm

The stock market is rising due to excitement about AI, the upcoming iPhone 15 launch, and weak economic data. OpenAI has reached a $1B run rate. Apple's stock historically moves up before a product launch and sells off after. Inflation is back in Europe. Positive money flows are seen in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, and NVIDIA. Negative money flows are seen in Tesla. Mixed money flows are seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Gold is rising on weak economic data. Bitcoin ran up after GBTC's victory against SEC in court.

Portfolio Pulse from The Arora Report

August 30, 2023 | 2:21 pm

The stock market is awaiting new economic data, including job openings, consumer confidence, and employment change. Medicare has released a list of 10 drugs for price reduction, impacting companies like Bristol-Myers Squibb, Johnson & Johnson, Merck, AstraZeneca, Novartis, Amgen, AbbVie, and Novo Nordisk. Tesla is activating a large NVIDIA cluster for self-driving training. Amazon's CEO warns remote workers about a shift back to office work. Negative money flows are observed in Amazon, Tesla, Nvidia, Microsoft, Alphabet, Meta Platforms, and Apple, while mixed flows are seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 29, 2023 | 1:58 pm

The article discusses the current state of the stock market, highlighting the impact of Nvidia's earnings and the narrative of zero recession probability. It also mentions the Chinese government's efforts to prop up its stock market and the positive early trade money flows in several major US companies. The article suggests that the stock market is priced for no landing and zero percent probability of a recession, which may not align with the actual probabilities.

Portfolio Pulse from The Arora Report

August 28, 2023 | 2:16 pm

Stock market bears are predicting an end to the AI-driven rally, pointing to a potential double top pattern on the chart. The 'sell the news' reaction to NVIDIA's earnings report is causing concern. Money flows in tech stocks like Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla were positive after hours but turned negative in the premarket. Investors are awaiting Powell's speech at Jackson Hole, with concerns that he may advocate for a higher long-term policy rate. Early trade money flows are positive for Amazon, Microsoft, Meta Platforms, and Apple, but negative for Tesla, Alphabet, and NVIDIA.

Portfolio Pulse from The Arora Report

August 25, 2023 | 2:35 pm

The article provides strategies to protect a portfolio from a potential market crash. These include diversifying investments, using hedging strategies such as buying VIX calls, GLD stock, Treasury bonds, and UUP ETF, rebalancing the portfolio regularly, and staying calm and invested. It also advises understanding risk tolerance, not investing more than one can afford to lose, doing thorough research, and seeking professional help if needed.

Portfolio Pulse from Sandra Stone

August 25, 2023 | 2:23 pm

Nvidia reported strong Q2 earnings, with revenues of $13.5B and Q2 data center revenues of $10.32B, up 141% from Q1. The company is guiding revenues of $16B for the current quarter and has authorized an additional $25B in share buyback. The Arora Report has raised its target on Nvidia to $565 - $615. However, investors should be mindful of a potential 'sell the news' reaction. Money flows in Nvidia were extremely positive after the earnings release, but turned negative in the premarket. Other stocks such as Amazon, Meta Platforms, Microsoft, and Tesla also saw positive money flows after hours, while Apple and Alphabet saw negative money flows.

Portfolio Pulse from The Arora Report

August 24, 2023 | 7:32 pm

Stephen Weiss of Short Hills Capital Partners recommended Freeport-McMoRan Inc. (FCX) which reported better than expected Q2 revenue for 2023. Joseph Terranova of Virtus Investment Partners recommended FLEETCOR Technologies, Inc. (FLT) which also reported better-than-expected Q2 results and issued FY23 revenue guidance above estimates. Liz Young of BNY Mellon Investment Management picked SPDR Gold Shares (GLD).

Portfolio Pulse from Lisa Levin

August 24, 2023 | 1:06 pm

Nvidia's earnings are expected to have a significant impact on the stock market, with the company being referred to as the 'king of AI' and the 'king of the stock market'. The technical setup for the stock market is positive going into Nvidia's earnings. Other stocks expected to be impacted include Advanced Micro Devices, Microsoft, and VanEck Semiconductor ETF. The article also mentions significant drops in the stocks of DICK'S Sporting Goods and Foot Locker, and a rise in Abercrombie & Fitch's stock following positive earnings. Peloton's stock is falling due to poor earnings and loss of subscribers.

Portfolio Pulse from The Arora Report

August 23, 2023 | 3:46 pm

Positive expectations for Nvidia Corp.'s Q2 earnings and the recent market pullback are expected to cushion the market on Wednesday. The market is also awaiting Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium on Friday. Stocks closed mixed on Tuesday, with the Nasdaq Composite Index closing marginally higher, while the S&P 500 Index, Dow Industrials and Russell 2000 Index experienced losses. In premarket trading on Wednesday, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. Several companies including Nvidia, Urban Outfitters, Advance Auto Parts, Peloton Interactive, Williams-Sonoma, Foot Locker, Analog Devices, and Kohl's Corp. are set to release their quarterly results.

Portfolio Pulse from Shanthi Rexaline

August 23, 2023 | 11:14 am

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