Streetbeat News

SLV

iShares Silver Trust

http://www.ishares.com

Industry

Asset Management

The Trust seeks to reflect such performance before payment of the Trust's expenses and liabilities. It is not actively managed. The Trust does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of silver.

Open

28.04

Mkt cap

9.4B

Volume

18M

High

28.07

P/E Ratio

-7.97

52-wk high

31.80

Low

27.50

Div yield

N/A

52-wk low

20.07

The EU is probing Apple, Meta, and Alphabet under the Digital Markets Act, with potential fines up to 10% of global revenues. China bans Intel and AMD microprocessors in government computers, significantly impacting their sales. Fed's Bostic expects only one rate cut this year, contrary to market expectations of three. Early trade shows neutral money flows in NVIDIA, negative in Amazon, Tesla, Microsoft, Google, Meta, and Apple, and positive in Invesco QQQ Trust.

Portfolio Pulse from The Arora Report

March 25, 2024 | 4:07 pm

The article discusses opportunities in small and micro caps, highlighting the iShares Russell 2000 ETF (IWM) and its potential for significant growth. It mentions the Fed's decision to ignore inflation as positive for these caps. It also covers the impact of an antitrust lawsuit on Apple Inc (AAPL), causing a significant market value loss. Additionally, it notes the performance of various companies and ETFs, including Nike (NKE) and Lululemon Athletica (LULU), following earnings reports. The article also touches on China's currency weakening, money flows in major tech stocks, and the performance of gold, oil, and Bitcoin.

Portfolio Pulse from The Arora Report

March 22, 2024 | 4:08 pm

Micron Technology Inc. (MU) reported strong earnings with high bandwidth memory for AI applications sold out for 2024, projecting significant revenue. Apple Inc. (AAPL) faces potential legal challenges from the U.S. government over antitrust laws. Gold prices have surpassed $2200 for the first time, reflecting investor concerns over inflation and the Fed's dovish stance. Positive early trade money flows were observed in Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META), Microsoft (MSFT), NVIDIA (NVDA), Tesla (TSLA), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ Trust (QQQ), while AAPL experienced negative flows. The Swiss National Bank and the Bank of England made notable interest rate decisions.

Portfolio Pulse from The Arora Report

March 21, 2024 | 6:02 pm

The stock market is at a critical juncture as the Federal Reserve's upcoming decision on interest rates could significantly impact market direction. The SPDR S&P 500 ETF Trust (SPY) chart shows indecision among investors, with two weekly dojis indicating a lack of consensus on market direction. The 'momo crowd' is aggressively buying stocks, hoping for rate cuts, while the Fed faces inflation and economic strength challenges. U.K. CPI data showed cooler inflation, potentially hinting at future U.S. trends. Early trade money flows are positive for META and TSLA, neutral for AMZN, GOOG, MSFT, NVDA, mixed for SPY, QQQ, and negative for AAPL. Oil sees a draw in inventories, and Bitcoin remains range-bound.

Portfolio Pulse from The Arora Report

March 20, 2024 | 3:32 pm

Nvidia is extending its AI dominance, with its stock becoming a favorite for speculative trading, particularly in options. The company announced Blackwell, a successor to its Hopper AI chip, promising significant performance improvements. Meanwhile, the Bank of Japan raised interest rates for the first time in 17 years, which could have long-term negative implications for the U.S. stock market. Early trade money flows show positive trends for AAPL and GOOG, but negative for AMZN, META, MSFT, NVDA, TSLA, SPY, and QQQ. The momo crowd is actively buying stocks, gold, and oil in early trades.

Portfolio Pulse from The Arora Report

March 19, 2024 | 4:23 pm

Nvidia's CEO Jensen Huang's upcoming speech at Nvidia's annual AI conference is highly anticipated, with high expectations for AI developments. Nvidia (NVDA) has seen significant stock volatility and interest, becoming a popular choice for call option buyers. Apple (AAPL) is attempting to catch up in AI by licensing Google's Gemini. Early trading shows positive money flows in AAPL, AMZN, GOOG, META, NVDA, TSLA, SPY, QQQ, and negative in MSFT. The article also notes buying trends in gold (GLD), silver (SLV), oil (USO), and mentions Bitcoin's (BTC) current status.

Portfolio Pulse from The Arora Report

March 18, 2024 | 3:50 pm

The article discusses the current financial market trends, highlighting hotter Producer Price Index (PPI) data indicating higher inflation at the producer level than expected, and declining retail sales suggesting weakening consumer spending. It mentions the positive early trade money flows in several major tech companies and ETFs, while Tesla and NVIDIA experience negative flows. The International Energy Agency predicts an oil supply deficit throughout 2024, contrary to previous surplus expectations. The article advises investors to consider a more defensive position within the protection band to balance market crosscurrents.

Portfolio Pulse from The Arora Report

March 14, 2024 | 4:47 pm

The article discusses the impact of AI frenzy and gamma squeeze on the stock market, overpowering concerns about inflation. It highlights the strong performance of Invesco QQQ Trust Series 1 (QQQ) and NVIDIA Corp (NVDA) due to Oracle Corp's (ORCL) earnings indicating high demand for NVIDIA chips. It also notes the mixed money flows in major tech stocks and ETFs, and the momo crowd's shift from Tesla Inc (TSLA) to NVDA. Additionally, it mentions the positive outlook for oil based on API crude inventory data.

Portfolio Pulse from The Arora Report

March 13, 2024 | 3:44 pm

Inflation rates exceeded expectations, causing a brief dip in the stock market before the 'momo crowd' bought the dip, indicating a euphoric market phase. Jamie Dimon of JPMorgan Chase warns a recession is possible, suggesting a 70-80% chance of a soft landing but only half that for the next year or two. Early trade money flows show positive trends for AMZN, META, MSFT, NVDA, and TSLA, neutral for AAPL, negative for GOOG, and mixed for SPY and QQQ. The momo crowd is buying gold and selling oil, with smart money inactive in these trades.

Portfolio Pulse from The Arora Report

March 12, 2024 | 3:00 pm

NVIDIA Corp (NVDA) has traced a bearish outside day pattern, leading to a significant loss in value. The Arora Report had previously signaled to hedge NVDA positions, which has proven effective. NVDA's performance is crucial due to its central role in the AI revolution and its impact on the S&P 500 and semiconductor sector. The article also notes central banks buying gold, with positive early trade money flows in AAPL, GOOG, and TSLA, but negative in AMZN, META, MSFT, NVDA, SPY, and QQQ. MicroStrategy Inc (MSTR) is buying more Bitcoin, which has surpassed $72,000.

Portfolio Pulse from The Arora Report

March 11, 2024 | 3:51 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.