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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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US stock futures fell on Wednesday due to a U.S. sovereign rating downgrade by Fitch, intensifying concerns about market overbought conditions. The downgrade was attributed to fiscal indiscipline and governance challenges. Amidst this, the market is absorbing a stream of earnings reports. Traders are also expressing unease over rising bond yields and await insights from a private payrolls survey. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.43% and the Invesco QQQ ETF (NASDAQ:QQQ) slumped 0.70%. Several companies including Advanced Micro Devices, Inc. (NASDAQ:AMD), Starbucks Corp. (NASDAQ:SBUX), and Tesla, Inc. (NASDAQ:TSLA) saw movements in their stock prices following their quarterly results announcements.

Portfolio Pulse from Shanthi Rexaline

August 04, 2023 | 11:02 am

The July labor market report is expected to influence future Federal Reserve rate decisions and could impact the volatility of five ETFs: iShares 20+ Year Treasury Bond ETF (TLT), Invesco DB USD Bullish Fund ETF (UUP), Invesco QQQ Trust (QQQ), iShares Russell 2000 ETF (IWM), and SPDR Gold Trust (GLD). Stronger-than-expected job growth and rising wages may lead investors to anticipate potential rate hikes, while lower-than-expected data could solidify expectations for a pause in rate increases.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 10:26 am

The article discusses the resurgence of the meme crowd, with Tupperware Brands Corp (TUP) becoming the latest favorite. The stock has moved from $0.61 to $5.29 in a few days due to buying by the meme crowd and a resulting short squeeze. The initial trigger was a regulatory filing by Tupperware that identified multiple misstatements in its financial reports and material weaknesses in internal controls. The article also mentions the weak seasonality confronting the AI frenzy and FOMO, and the potential impact of upcoming economic data releases.

Portfolio Pulse from The Arora Report

August 04, 2023 | 9:31 am

US stocks are expected to reverse course on Tuesday as traders prepare for a barrage of earnings reports and the JOLTS report. Energy stocks helped offset weakness in the consumer staple and healthcare spaces on Monday. Analysts at LPL Financial are positive about the near-term market outlook, with the S&P 500 within 4% of a new all-time high. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.22% and the Invesco QQQ ETF (NASDAQ:QQQ) slipped 0.24%. Several companies including Artista Networks, Inc. (NYSE:ANET), Merck & Co., Inc. (NYSE:MRK), Pfizer, Inc. (NYSE:PFE), Sirius XM Holdings, Inc. (NASDAQ:SIRI), Uber Technologies, Inc. (NYSE:UBER), JetBlue Airways Corp. (NASDAQ:JBLU), Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), Caterpillar, Inc. (NYSE:CAT), Advanced Micro Devices, Inc. (NASDAQ:AMD), Starbucks Corp. (NASDAQ:SBUX), Vertex Pharma, Inc. (NASDAQ:VRTX), Electronics Arts, Inc. (NASDAQ:EA), and MicroStrategy, Inc. (NASDAQ:MSTR) are set to release their quarterly results.

Portfolio Pulse from Shanthi Rexaline

August 01, 2023 | 10:52 am

US stocks are expected to start the week sluggishly, with key earnings reports and labor market readings potentially influencing the market. Apple's earnings report on Thursday is seen as a crucial indicator of global consumer health. Last week, the major averages advanced due to earnings optimism and benign inflation readings. LPL Financial's Chief Technical Strategist Adam Turnquist believes the current bull market rally is sustainable due to broader participation. In premarket trading on Monday, the SPDR S&P 500 ETF Trust rose 0.06% and the Invesco QQQ ETF edged down 0.01%. Several companies, including Palantir Technologies, Advanced Micro Devices, and Microsoft, are in focus due to their upcoming earnings reports.

Portfolio Pulse from Shanthi Rexaline

July 31, 2023 | 11:01 am

US stock futures indicate a rebound due to support from tech earnings. Intel Corp. and Roku, Inc. are among the stocks that are getting a lift from their earnings reports. The US economy may prove more resilient in the second half of 2023 than many forecasters had expected, according to Morgan Stanley's Ellen Zenter. In premarket trading on Friday, the SPDR S&P 500 ETF Trust rose 0.36% and the Invesco QQQ ETF gained 0.76%. Ford Motor Co. fell over 1.8% in premarket trading after it pushed out electric vehicle adoption goals despite the beat-and-raise quarter.

Portfolio Pulse from Shanthi Rexaline

July 28, 2023 | 10:55 am

US stocks are expected to open strong on Thursday, boosted by strong earnings from Meta Platforms and a relief rally from the Federal Reserve. However, an analyst from Morgan Stanley advises caution and recommends rebalancing towards 'value-style' and 'growth at a reasonable price' stocks. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF rose. Meta Platforms shares surged over 8.50% following its quarterly results release.

Portfolio Pulse from Shanthi Rexaline

July 27, 2023 | 11:48 am

The Federal Reserve has increased interest rates by 0.25 percentage points, leading to a mixed reaction in the stock market. Some stocks, including Meta Data Ltd., Snap, Inc., Alexandria Real Estate Equities, Inc., Bruker Corp., and Paramount Corp., saw gains, while others, such as Sirius XM Holdings Inc., Teledyne Technologies Inc., Cigna Group, Advanced Micro Devices, Inc., and Bank Bradesco SA, experienced losses. Major ETFs, including the SPDR Dow Jones Industrial Average ETF, the iShares Russell 2000 ETF, the SPDR Gold Trust, and the Invesco DB USD Index Bullish Fund ETF, also reacted to the news.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 8:32 pm

The Federal Reserve has raised interest rates by 25 basis points, the highest level since February 2001, as part of its efforts to bring inflation to a 2% objective. Fed Chair Jerome Powell stated that the full impact of policy tightening is yet to be experienced and that the Fed will maintain a data-dependent approach. Powell also expressed concern over the core inflation rate in June, at 4.8%, significantly above the Fed’s mandate. The stock market erased post-Fed statement gains, with the SPDR S&P 500 ETF Trust (NYSE:SPY) dropping 0.4% during the session and the SPDR Gold Trust ETF (NYSE:GLD) rising by 0.5% for the session.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 7:43 pm

The Federal Reserve has raised the federal funds rate by 0.25% to 5.25%-5.5%, the highest level since February 2001. The decision was influenced by continued economic expansion, resilience of the U.S. banking system, and robust job market gains. The S&P 500 Index, Nasdaq 100 Index, and gold prices reacted with volatility to the news.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 6:10 pm

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