DDIV News and Press, First Trust Dorsey Wright Momentum & Dividend ETF From 10/23/23

2023-10-23 14:42:00 ET Summary For the week, the S&P 500 was down 2.4%. We are now 7.9% below the 2023 high-water mark, set on July 31. The market entered a Golden Cross configuration (a Golden Cross occurs when the 50-day moving average crosses above the 200-day) on February ...

2023-10-23 09:45:00 ET Summary During most extended market selloffs, the majority of trading days exhibit negative gamma, exposing the market to news events. The sell-off prompts options traders to scramble to keep up with the market’s movements, often resulting in compelle...

2023-10-20 02:30:00 ET Summary Three factors helping to lift equity markets. Economic growth fuels equity optimism. Outlook for tech stocks. While there have been no shortages of macro headwinds weighing on equity markets, the major indices are still higher year to...

2023-10-18 00:00:00 ET Summary The LERI shows corporate uncertainty increasing to its highest level since the pandemic, in line with what bank CEOs have been sharing on Q3 calls. This week, 460 companies are expected to report for Q3, 55 from the S&P 500. Potential Surpris...

2023-10-17 23:30:00 ET Summary Once again, the bulls were unable to charge higher, after global indices rose on Monday. While there is a chance, we could still see the markets climb higher once US investors come to the fray, even then, I am not so sure we will see a long-lasting r...

2023-10-17 22:25:00 ET Summary In this note, we look at the Mag-7 group in more detail and preview growth expectations heading into the quarter. Mag-7 earnings for Q3 are forecasted at $72.3 billion (+35.9% y/y, +5.2% q/q) while revenue is forecasted at $364.5 billion (+11.3% y/y,...

2023-10-17 02:10:00 ET Summary The current war situation is moving oil, bonds and stocks, as the worst-case scenario is a massive oil price spike, which overrode bottoming action in the stock market. A worst-case scenario would be bullish for bonds, no matter what happens to the p...

2023-10-16 19:25:00 ET Summary One aspect of the equity market advance this year is investors' heightened focus on a handful of stocks some are referring to as the Magnificent Seven. Year to date through Friday's market close, the combined average return for these seven stocks is ...

2023-10-16 12:52:00 ET Summary Considering the outbreak of geopolitical events in the past week, it may be surprising that the S&P 500 end the week higher than it closed in the previous week. The latest update for the alternative futures chart shows the S&P 500's trajector...

2023-10-16 03:51:00 ET Summary Current 2024 EPS estimates expect 10%-12% S&P 500 EPS growth next year, after 1%-2% growth this year. The forward 4-quarter estimate fell last week to $239.22 from the prior week’s $239.93 and June 30th’s $224.01. Inflation data...