NXTG News and Press, First Trust Index NextG ETF From 05/30/23

2023-05-30 12:00:00 ET Summary The traditional 60%/40% portfolio has definitely felt a drag from the bond side of the equation. Expected tech sector EPS growth remains pretty punk for 2023, even after Nvidia’s earnings last week. Technology as a sector does better when ...

2023-05-27 05:49:36 ET Summary Basically, this is the very news that the tech industry had hoped for after seeing steep  drops in valuations for some firms. 'US equities are being powered by the bet on AI because of high exposure to tech mega-caps,' says Bloomberg of Citibank...

2023-05-27 02:25:00 ET Summary The US stock market is having itself a pretty decent year so far in 2023, all things considered. This week we focus on another unusual characteristic of the stock market – the extreme narrowness of outperformance, dominated almost exclusively ...

2023-05-26 22:14:00 ET Summary The S&P 500 has been closing in on new 52-week highs as the index gains another 1.3% heading into the long weekend. Indicating what has broadly been mediocre breadth at best, the only two sectors with relative strength lines that are currently mo...

2023-05-25 01:30:00 ET Summary Leading economic indicators (LEIs) are still pointing to a likely recession in the US. You wouldn't know it by the behavior of the stock market, however, given the massive bull run in tech stocks so far this year. Unfortunately, the majority of c...

2023-05-17 00:15:00 ET Summary One of the most promising applications of AI in drug discovery is in the identification of new drug targets (AI can be used to discover new drugs). The ability to analyze large amounts of molecular and genomic data quickly and efficiently is somethin...

2023-05-16 17:03:00 ET Summary The latest tech earnings: better than feared. The shift by big tech to AI and what it means for the sector. AI has already started impacting jobs at tech firms. The big tech names have outperformed expectations this year, and th...

2023-05-16 14:35:00 ET Summary Both the Consumer Price Index and Producer Price Index data for April confirmed that the strong but lumpy disinflationary trend continues. The US is now at a point where the Fed funds rate exceeds inflation. Historically that has signaled the end of ...

2023-05-16 11:00:00 ET Summary The financial media and headlines are abuzz with stories of generative AI and the subsequent industrial revolution. We are experiencing another of these speculative booms as Generative AI grips investors’ imaginations. A lot of money will ...

2023-05-09 14:37:00 ET Summary Growth has made a comeback this year. The recovery of tech stocks has been at the core of this growth rebound. Meanwhile, despite the elevated profits of oil and gas companies, energy funds haven’t had the runaway success they enjoyed last yea...