Latest news with #CrossmarkGlobalInvestments
Yahoo
29-07-2025
- Business
- Yahoo
Faith-Based Firm Led by Bob Doll Adds First ETFs
Bob Doll's latest mark on the religious-values firm Crossmark Global Investments is the introduction of two ETFs, the first such products that firm has offered in the wrapper. Last week, the company launched its Crossmark Large Cap Growth and Large Cap Value ETFs, both of which are copies of strategies in separately managed accounts that Doll, the CEO, added to the company when he started there four years ago. The funds invest in Russell 1000 companies, excluding those involved in alcohol, tobacco, abortions, stem-cell research, adult entertainment or cannabis. The corresponding SMAs have beaten their benchmarks and have pulled in new money, reaching a combined total of about $700 million. But, as Doll said he told his company, 'we can be a firm if we don't have ETFs — but if we really want to thrive we need ETFs.' READ ALSO: What Coca-Cola's New Sugar-Cane Coke Means for a Sugar ETF and Why the SEC Keeps Putting Off Diversified Crypto ETFs Spreading the Gospel About two-thirds of Crossmark's assets are in portfolios with religious values screens, Doll said. 'We're very broad-based. Our goal is to avoid products that are designed to maim or kill people,' he told ETF Upside. The firm could eventually have six to eight ETFs in its lineup, he noted. While there are more than 40 US ETFs with Christian or Sharia-compliant investment strategies, financial advisors said there is room for more products: Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA 'The number of religious-specific ETFs is still rather low, resulting in ETFs that are built for a broader client base,' said Omen Quelvog, founder of Formynder Wealth Management. 'The difficulty there is the number of holdings that could still cause a conflict.' 'Some are solid, but many are too generic and often don't show clearly what's inside them. That lack of clarity doesn't work for values-based families who want more intention behind their investments,' said Daniel Goodman, founder of Good Better Best Financial Planning. 'That's why I often use direct indexing.' Branches and Denominations: Crossmark and others provide a range of strategies to reflect nuances in faith, though it can be difficult to offer something for everyone. 'As a Catholic myself, I appreciate the attempt to create religious ETFs,' said Alvin Carlos, managing partner of District Capital Management. 'But I am skeptical about whether one can truly reflect one's religious beliefs. There are so many angles to consider.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Sign in to access your portfolio
Yahoo
28-07-2025
- Business
- Yahoo
Cheap stock trading is rising this year: What does it mean?
There has been an uptick in cheap stocks trading, according to data from Jefferies. The firm said that stocks under $5 represent more than a quarter of all trades this year. The Opening Bid team and Crossmark Global Investments' chief market strategist Victoria Fernandez take a closer look at what the rise in cheap stock trading signals about the broader market. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. Jeffrey's noting that trading in stocks under $5 has risen to 26% of whole volume so far this year. That's a huge number. Uh my question to the round table is this, why is this activity in speculative stocks happening? Brook, let me set this up with you because you talked about the meme stock trade earlier on in the show. Uh what is it looking like today because I know a lot of the names that did well early last week sold off into the weekend. Yeah, if we take a look at the YF interactive over the past five days, if you take a look at the equal weight, we've seen crispy cream really coming to play over the past five days alone. That stock's up more than 20% uh 26% rather. Macy's is also getting a bit of a buzz here. That stock up more than 9%. And what we really know here is what I'm hearing from my sources is that as we reach these record highs, ultimately retail investors are looking for other ways to get in on the market here and that's contributed to the recent gains from American Eagle. Once they announced that Sydney Sweeney campaign, retail investors thinking that there's a potential growth story there, they're looking to get in on American Eagle. In addition to that, we've seen Kohls, the company that has really struggled over the past year, especially as they search for a new chief uh you know, CEO there. These companies that really have not been performing well. A Kohls, a crispy cream, uh um you know, Macy's has been underperforming and American Eagle, they're getting this recent buzz from retail investors who think potentially there could be an uh a growth story there. Open door and Carvana also getting attention there. Open door thinking that, you know, investors around there are thinking this could be another turnaround story like we saw with Carvana as well. Uh we had a great chat with uh Tasty Trades uh Tom Sos. Now take a listen to what he said on this meme stock menu. This is also the time of year where there's no real sports to bet on because it's really just baseball. So, you know, what better place to gamble than a zero commission, zero fees, you know, in and out of of all these little penny stocks for basically no money. Victoria is that we're looking at here. Uh there's really no sports to bet on and people want to try to pick a winner that's priced at $2 a share. Well, it's an interesting perspective. I mean, I do have to say go Strows since it's baseball season. But um it could be an element that people are looking for of ways to play this and you look at these stocks, they're mostly like these shorted stocks. So these are more day traders that are going in. These are not your long-term investors that are going and trying to build their portfolio. They are quick trades that are being done, they're small dollar amounts, they're highly shorted stocks, so there's a lot of volatility around them. So maybe it is a little bit of the the gambler's addiction if you want to put that that phrase there of people looking for ways to play the market on a on a quick basis, but this is definitely not a long-term investment strategy that we would want people to invest in. And as I'm of the mindset that this type of activity is a sign of froth in the broader stock market. It certainly is and Wall Street has been certainly talking about this. Goldman Sachs has talked about the fact that you are seeing speculative trading on the rise with their speculative trading index that they have. And call options have been surging, you have the volatility index that's sitting at around 15. So that means that there's really no fear in the market right now. You've got Bitcoin that's been surging, equities surging, these meme stocks that have been surging. So this indicates a strong risk on sentiment, but Wall Street warns time and again that when you see this type of scenario, this is ripe for some type of pullback. So we look overbought in a lot of categories and Wall Street's warning, hang on because this is when you may see a pullback.
Yahoo
11-07-2025
- Business
- Yahoo
Why buybacks are replacing dividends in corporate America
S&P 500 (^GSPC) dividend yields are nearing record lows, raising questions about whether investors still value steady income from stocks. Victoria Fernandez, chief market strategist at Crossmark Global Investments, joins Opening Bid to explain why more companies are opting for buybacks over dividends, and why she thinks Verizon (VZ) is a top dividend pick. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. where in the world have all the dividends gone? I'm definitely not singing that song. I think it's from the mid to late 90s, whatever it is, I'm not saying it. Uh, get this stat from Deutsche Bank, S&P 500 dividend yields are now within just 20 basis points of their all-time low, last reached during the tech bubble in 2000. Victoria, why don't investors care about dividends anymore? I mean, this is supposed to be a predictable stream of income, comes to you what, every quarter, you could just reinvest it and you get rich in 30 years. Well, I don't know because Brian, I do care about dividends. And I like to see dividends on the stocks in our portfolios. Um, and so I think investors should be paying attention to this. It helps provide a little bit of a buffer to the volatility that you see in the marketplace. It gives you a little extra income and cash flow coming in. So, I like to see a dividend, but I do think a lot of corporations now are saying, wait, we can do buybacks instead of dividends. It's more discretionary. It gives corporations a little more leeway and what they're, and what they're doing. And they can use the cash that they were going to pay dividends to perhaps do other things like acquisitions, invest back in the company and other ways. So I think they're kind of selling it to investors as there are better ways to put our money to work than just giving a dividend. We're going to do something instead that's going to provide growth in the future. I think that's the setup, but I still like to see a dividend on my stocks. Oh, good, uh, good point. I think I will go off the rails if I express my hatred for stock buybacks. I just, I can't stand them. But Victoria, real quick, uh, do you have a favorite dividend stock or two? I do. If you're going to play a stock just for dividend, I think you look at Verizon. You've got something at a very reasonable valuation of 10 times. You've got over a 6% dividend in a company that's paying down debt, increasing cash flow. They're looking to buy frontier communications next year, which increases their broadband subscription. So, I think Verizon's a great dividend stock for your portfolio. Keith, someone crunching the number on the S&P 500, looking at corporate earnings, cash flows, how important is it, uh, that companies are paying higher dividends when you come out with certain calls for the market? It's not the main driver. The reality is we are likely to see an all-time payout this year, even though that dividend yield is lowered. But I think part of this is structural too, Brian. Uh, you know, if you look at the overall composition of the market, you know, as I mentioned earlier, 45% plus is tech and growth sectors, and those tend to be lower dividend sectors. And then you look at historically what have been some of the larger dividend sectors, they've had some challenges, the energy sector, pharmaceuticals, uh, utilities is, is a little bit different, but then real estate as well. So, I think that's part of it. As Victoria mentioned, it also gives by not doing the dividend, which enforces discipline, because you don't want to cut that, by going buybacks, companies have more discretion as well. I agree with Victoria though, the dividend having that discipline is healthy, but I, it makes sense to me that the market composition has shifted so much, and it is not the key driver in our view, especially when you have a dominant theme, which is AI driven and you're seeing a lot more capital spending from these big mega caps as opposed to the dividends. One, one last point, Brian, I do think we're going to start to see a big pickup in the, in the second half, especially in financials with some of the deregulation and passing stress tests. Ally, where are the special dividends from Palantir and Nvidia? He's insane. When I met Brian. Victoria thinks I'm crazy. It's okay, Victoria. All right, we'll take it offline. That's cool. Go ahead, Ally. Go ahead. No, but I, I totally agree with everyone's points here, right? I think we're in a high growth market. Retail trader is really leading the charge. And, uh, you know, those companies just don't have the dividends like some of these more value plays. I should know. Keith already knows I am crazy. I've known him for many years. Uh, Victoria Fernandez, Keith Lerner, Ally Invest. Good to see you all. Thanks for, uh, so much for joining us on a bid. We appreciate it. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
Victoria Fernandez on Tariffs, Inflation, US Dollar
Crossmark Global Investment Chief Market Strategist Victoria Fernandez discusses how President Trump's tariffs are affecting the market, inflation expectations and the status of the US dollar globally. She speaks with Vonnie Quinn on "Bloomberg Markets."
RTHK
08-07-2025
- Business
- RTHK
Wall Street falls as more US tariffs are unveiled
Wall Street falls as more US tariffs are unveiled US stocks fell after US President Donald Trump announced plans for a 50 percent duty on copper and a potential 200 percent levy on pharmaceuticals. File Photo: AFP Wall Street stocks dipped on Tuesday, falling for a second straight session as US President Donald Trump added tariff threats on copper and pharmaceuticals to his broadening trade agenda. Trump announced plans for a 50 percent duty on copper imports and a potential 200 percent levy on pharmaceuticals a day after the White House sent letters to Japan, South Korea and other countries about levies from August 1. The onslaught has reinstated trade top of mind on Wall Street after attention had focused on Capitol Hill and the Middle East in recent weeks. The Dow Jones Industrial Average finished down 0.4 percent following a rollercoaster session at 44,240.76. The broad-based S&P 500 slipped 0.1 percent to 6,225.52, while the tech-rich Nasdaq Composite Index was flat at 20,418.46. In contrast to Trump's spring tariff announcements which sent equities sharply lower, the market is "somewhat shaking it off," said Victoria Fernandez of Crossmark Global Investments, who noted Trump's record of tempering tariffs that were initially severe. The market is in a "wait and see mode," Fernandez said. JPMorgan Chase and Bank of America fell more than three percent and Goldman Sachs dropped nearly two percent following downgrades from HSBC Securities. A note from HSBC called valuations of the banks "increasingly stretched." While the banks' operating fundamentals "appear healthy," macro uncertainties and slower economic growth "seem to be downplayed," it said. Boeing finished flat after announcing it delivered 60 planes in June, the most since December 2023, capping its most successful first semester in terms of planes to customers since 2018. Hershey fell 3.2 percent after naming Kirk Tanner to succeed Michele Buck as CEO. Tanner moves to the chocolate giant from the Wendy's Company, which dipped 0.1 percent. Buck had previously announced plans to retire. (AFP)
