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GLD

SPDR Gold Shares

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

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Asset Management

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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US stock futures are showing signs of a potential rebound after a two-day slide, with Walmart Inc. (NYSE:WMT) seeing premarket gains following its above-consensus Q2 results and upgraded full-year forecast. The market is likely to focus on outcomes from a regional manufacturing survey, jobless claims, and the leading economic index. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) also saw premarket gains. Stocks in focus include Cisco Systems, Inc. (NASDAQ:CSCO), Avnet, Inc. (NASDAQ:AVT), Wolfspeed, Inc. (NYSE:WOLF), Bilibili, Inc. (NASDAQ:BILI), Children’s Place, Inc. (NASDAQ:PLCE), Bill Holdings, Inc. (NYSE:BILL), Applied Materials, Inc. (NASDAQ:AMAT), Farfetch Ltd. (NYSE:FTCH), and Ross Stores, Inc. (NASDAQ:ROST).

Portfolio Pulse from Shanthi Rexaline

August 17, 2023 | 11:44 am

The article discusses the Federal Reserve minutes, China's directive to funds not to sell stocks, and Intel's scrapped deal with Tower Semiconductor due to lack of Chinese approval. It also mentions positive early trade money flows in NVIDIA and Microsoft, and negative flows in Amazon, Alphabet, Meta Platforms, Tesla, and Apple. Mixed flows are reported for SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. The article also touches on housing starts, India's move to reduce dollar dominance, and oil and gold trades.

Portfolio Pulse from The Arora Report

August 16, 2023 | 2:56 pm

US stock futures indicate a muted opening on Wall Street following Tuesday's losses. The FOMC minutes and earnings reports from retailers could influence the market. Analysts predict a 5-10% pullback, seen as normal after strong first-half gains. Bond yields are decreasing and oil prices remain muted. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) saw slight premarket gains. Stocks in focus include H&R Block, Inc. (NYSE:HRB), Agilent Technologies, Inc. (NYSE:A), Target Corp. (NYSE:TGT), JD.com, Inc. (NASDAQ:JD), TJX Companies, Inc. (NYSE:TJX), Cisco Systems, Inc. (NASDAQ:CSCO), Avnet, Inc. (NASDAQ:AVT), and Wolfspeed, Inc. (NYSE:WOLF).

Portfolio Pulse from Shanthi Rexaline

August 16, 2023 | 11:21 am

The U.S. economy, which is 70% consumer-based, continues to see strong retail sales, with July retail sales coming in at 0.7% vs. 0.4% consensus. However, this has led to concerns that the Federal Reserve may maintain high interest rates for longer. Fitch has warned that it may downgrade the credit ratings of several U.S. banks, including JPMorgan Chase & Co. and U.S. Bancorp. Home Depot Inc. has guided FY23 revenue down 2-5% and earnings down 7-13%. Berkshire Hathaway Inc. is buying three home builder stocks: Lennar Corp, DR Horton Inc, and NVR Inc. Saudi Arabia and U.A.E. are buying billions of dollars worth of NVIDIA Corp chips. Money flows are negative in Amazon.com, Inc., Microsoft Corp, Alphabet Inc Class C, Meta Platforms Inc, Tesla Inc, Apple Inc, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 15, 2023 | 3:19 pm

US stock futures faltered on Tuesday due to China's unexpected rate cut and Home Depot's disappointing Q2 earnings report. Analysts from LPL suggest a 5-10% pullback in stocks is overdue. In premarket trading, the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ ETF (QQQ) both retreated. Home Depot, Discover Financial Services, Cardinal Health, Tencent Music Entertainment Group, Agilent Technologies, Jack Henry & Associates, and H&R Block are all mentioned in relation to earnings reports or leadership changes.

Portfolio Pulse from Shanthi Rexaline

August 15, 2023 | 11:36 am

Market makers have hedged for the first time in 2023, which is a significant development as it indicates that some of the fuel that led to the stock market rise this year is now spent. The news of Chinese regulator setting up a task force due to Zhongzhi Enterprise's inability to make payments on high yield investment trusts and Country Garden's difficulty in making payments on some of its bonds led to aggressive buying of U.S. stock futures by the momo crowd. However, smart money took advantage of this strength and started selling. Negative money flows were observed in Amazon, NVIDIA, Microsoft, Alphabet, Meta Platforms, Tesla, and Apple in the early trade, while mixed money flows were seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 14, 2023 | 2:29 pm

US stocks are set for a bullish open as the market recovers from a lackluster week. The recovery is largely dependent on retail earnings reports and key economic releases. Walmart, Target, and Home Depot are among the key retail earnings reports due this week. Inflation fears and rising bond yields have kept sentiment subdued. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained in premarket trading. AMC Entertainment shares plunged while United States Steel Corp. jumped after confirming a cash and stock offer from Cleveland-Cliffs, which fell over 5%. Tesla fell over 1.50% after announcing sharp cuts in China.

Portfolio Pulse from Shanthi Rexaline

August 14, 2023 | 11:33 am

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', has reiterated his support for gold, silver, and Bitcoin, and predicted the demise of the dollar. He referred to gold as 'God's Dollar' and 'stored financial energy'. Kiyosaki has previously warned that the dollar could lose favor due to the proposed launch of a common currency by the BRICS nations, tied to gold. However, a South African official clarified that a common BRICS currency would not be discussed at the upcoming meeting. Kiyosaki also warned of a potential crash following Fitch's downgrade of the U.S. sovereign rating. The SPDR Gold Shares (NYSE:GLD), an ETF providing access to the gold bullion market, ended Friday’s session at $177.60, up 4.7% this year.

Portfolio Pulse from Shanthi Rexaline

August 13, 2023 | 3:08 pm

President Biden's comments about China being a 'ticking time bomb' have soured the stock market sentiment. The Producer Price Index (PPI) came in hotter than expected, contradicting the bullish narrative that inflation is over. Money flows are negative in Amazon, Nvidia, Microsoft, Alphabet, Meta Platforms, Tesla, and Apple. Money flows are also negative in SPDR S&P 500 ETF Trust and mixed in Invesco QQQ Trust Series 1. The momo crowd is buying stocks, gold, and oil in the early trade, while smart money is selling stocks.

Portfolio Pulse from The Arora Report

August 11, 2023 | 3:55 pm

US stocks are expected to open lackluster due to firmer bond yields and awaiting inflation data. Despite recent weakness, tech sector stocks are trading at unsustainable valuations. Analyst Tom Lee of Fund Strat suggests that the lackluster market movement in August should not worry investors. In premarket trading, SPDR S&P 500 ETF Trust fell 0.08% and Invesco QQQ ETF moved down 0.22%. Virgin Galactic Holdings climbed over 3% in premarket trading after a successful civilian space flight, while Tesla pulled back by over 1%.

Portfolio Pulse from Shanthi Rexaline

August 11, 2023 | 11:17 am

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