Latest news with #TechnologySelectSectorSPDRFund
Yahoo
30-05-2025
- Business
- Yahoo
Bitcoin's Market Cap Is Now Higher Than These 3 Tech Giants. Can It Still Soar Higher?
In the past five years, Bitcoin has risen by more than 1,000%, eclipsing some of the world's most valuable companies. It would need to rise by 57% to become more valuable than any company's current market cap. Some bulls believe there are far greater gains to come for Bitcoin's long-term investors. 10 stocks we like better than Bitcoin › Bitcoin (CRYPTO: BTC) has hit record levels in May as the bullishness around the top cryptocurrency remains strong. After sliding earlier this year, during the past three months, it has rallied by about 30%. With a market cap of more than $2.1 trillion (as of May 29), it is far and away the most valuable digital currency. Ethereum, with a market cap of around $320 billion, is a distant second place. The original crypto remains the default option for investors who want exposure to cryptocurrency. Some investors view it as a form of digital gold while others like it for its scarcity, or simply its overall popularity and its rising adoption. But while Bitcoin has soared in value, its market cap has also risen beyond those of many of the best blue chip companies. Is that a sign that it is overvalued and approaching a peak, or is there still room for the cryptocurrency to go even higher? Over the past five years, Bitcoin has generated far better returns for investors than the broad stock market. During that time frame, it has risen by more than 1,000%. The S&P 500, by comparison, has increased in value by only 91%. Even the Technology Select Sector SPDR Fund, which gives investors focused exposure to tech stocks, is only up by 134%. The digital currency now has a market cap that equals or exceeds some of the world's most dominant companies: Amazon: $2.1 trillion Alphabet: $2.1 trillion Meta Platforms: $1.6 trillion Currently, the most valuable company in the world is Microsoft, with a market cap of $3.4 trillion. For Bitcoin to reach that level, it would need to rise by about 57% to roughly $168,000 per coin. Based on some analysts' forecasts, it will not only hit that level, but will dwarf it. If your opinion is that in the long view, Bitcoin will change the world and revolutionize how payments are made, then your expectations could be sky high. Cathie Wood's firm Ark Invest projects that Bitcoin could hit $1.5 million by 2030, which would be a gain of nearly 1,300% from where it is today. MicroStrategy Executive Chairman Michael Saylor is also incredibly optimistic about Bitcoin and believes that by 2045, the digital currency's price could top $13 million. Investors, however, should remember that those two are among the most bullish Bitcoin investors, and their price targets will always be incredibly optimistic. Take them with a grain of salt. When the crypto market is on an upswing, it's easy to be bullish and expect that Bitcoin will only keep rising in value. With Bitcoin's market cap higher than some of the top companies in the world, investors should be thinking twice about whether the cryptocurrency has become inflated in value. I believe it has, and that a significant correction could be overdue. In a crypto world where there are thousands of coins to choose from and where Bitcoin really holds no sustainable competitive advantage over other cryptocurrencies in terms of use cases, I believe it has become grossly overvalued. Its big advantage today is that it is simply the most popular and recognizable coin, but that doesn't mean it will stay that way. Even if the crypto market as a whole may rise in value over time, that doesn't necessarily mean Bitcoin will. Newer and better coins could gain ground over time. I wouldn't buy Bitcoin now because it's a highly speculative asset to own, but if you're inclined to do so, I'd suggest allocating only a modest amount of your portfolio toward it in order to minimize your overall risk. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. David Jagielski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Bitcoin, Ethereum, Meta Platforms, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Bitcoin's Market Cap Is Now Higher Than These 3 Tech Giants. Can It Still Soar Higher? was originally published by The Motley Fool Sign in to access your portfolio
CNBC
01-05-2025
- Business
- CNBC
Big Tech has completely reversed its April tariff sell-off and is boosting confidence on Wall Street
A strong pair of earnings reports from Microsoft and Meta Platforms appears to have reignited excitement around the artificial intelligence trade and may be, at least temporarily, pushing tariff worries from investors' minds. The postearnings rallies for both stocks helped push the Roundhill Magnificent Seven ETF (MAGS) back above its April 2 close, which occurred just before President Donald Trump brought out his tariff charts. The Technology Select Sector SPDR Fund (XLK) , which counts Microsoft as one of its biggest holdings, has also regained its pre-"liberation day" level. XLK 1M mountain This tech fund has fully recovered from its post-April 2 declines. "Investors were uplifted by the buoyant sales growth in Microsoft's cloud computing services, while reassured by Meta's pledge to become the 'AI leader,'" Deutsche Bank macro strategist Marion Laboure said in a note to clients. Those milestones still leave both funds down for the year, but they could create a sigh of relief among chart-focused traders. There is also some evidence that institutional investors are now dipping their toes back into the pool after scaling back during a volatile April, leaving it to short-covering hedge funds and retail to pick up the slack . "Coming into today, we had not seen significant long buying in single stocks from our largest longer duration investors (living in a 'buyers live higher' tape). However, the flow on our trading desk so far today has a different flavor and is more constructive," said a Goldman Sachs trading note on Thursday. That renewed confidence among the long-term crowd could be put to the test in the next 24 hours. Investors will be sorting through more tech results on Thursday evening, including Apple and Amazon . You can count Ritholtz Wealth Management CEO and CNBC Pro contributor Josh Brown among those who think the Microsoft breakout might be a unique success story rather than a harbinger for the rest of tech. On the economic front, a key U.S. jobs report will hit before the opening bell on Friday. This is the first federal payrolls report to include data from after April 2, and it follows weekly jobless claims and ADP private sector jobs data that came in worse than expected. — CNBC's Michael Bloom contributed reporting.
Yahoo
28-04-2025
- Business
- Yahoo
Apple Q2 Earnings Preview: What to Expect From Upcoming Report
April 28 - Apple (NASDAQ:AAPL) is gearing up to report its fiscal second-quarter 2025 results after markets close on Thursday, May 1. Wall Street expects the Cupertino-based tech giant to post diluted earnings of $1.60 per share, up about 5% from $1.53 in the same period last year. Apple has exceeded analyst earnings forecasts for four straight quarters, helped by steady iPhone sales, strong growth in its high-margin Services segment, and tight cost controls. In the previous quarter, Apple reported an EPS of $2.40, beating consensus estimates by roughly 2%. For fiscal year 2025, analysts project full-year EPS will rise to $7.22 from $6.75 in fiscal 2024, marking a 7% annual increase. Further out, fiscal 2026 earnings are expected to climb another 11% to $8.03. Over the past 52 weeks, Apple shares have gained 13%, outperforming the broader S&P 500 Index, which advanced 3%, and the Technology Select Sector SPDR Fund, which slipped 5%. Earlier this month, Apple stock tumbled more than 25% as escalating U.S.-China trade tensions triggered fears of rising costs and weaker demand. However, shares rebounded 15% on April 9 following signs of a potential easing in tariff policies. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
23-03-2025
- Business
- Yahoo
Worried About the Markets? This Tech ETF Is Up Over 25% This Year and Could Still Go Higher.
The stock market has been falling in recent weeks, and many tech stocks have been performing especially poorly. Since the start of the year, the S&P 500 is now down more than 4%. And the Technology Select Sector SPDR Fund, which tracks the tech sector of the broad index, has plummeted by around 9%. High valuations in tech have been a problem for a while, and soaring expectations related to artificial intelligence (AI) certainly don't help. However, not all tech stocks are struggling. There's even a tech-focused exchange-traded fund (ETF) that's doing incredibly well this year, up more than 25%. And best of all, it has the potential to go even higher. The fund I'm talking about is the Invesco China Technology ETF (NYSEMKT: CQQQ). In recent years, tech stocks have performed fairly well for investors. But Chinese-based stocks have largely underperformed, due to concerns related to government overreach in the country, and just how safe those investments really are. But earlier this year, AI company DeepSeek rolled out an AI model that was on par with its North American counterparts, including ChatGPT. And particularly unsettling for the U.S. markets, it was supposedly at just a fraction of the cost. That suggests a lot of spending on AI may not be money well spent. And if Chinese companies are able to produce similar types of chatbots, they may be better investment opportunities given the lower cost of labor in China. In the chart above, you'll notice that for the first month, the China Technology ETF was performing similarly to the S&P 500 and the tech sector. But as DeepSeek rattled the markets toward the end of January and investors began to pay more attention to Chinese tech stocks, a gap began to emerge, with the Chinese-focused fund soaring higher ever since. Although the China Technology ETF is up significantly this year, it may not be too late to invest in it. The fund averages a forward price-to-earnings multiple of just 19. That's cheap when you compare it to the Technology Select Sector SPDR Fund average of nearly 26. Plus, tariffs could weigh down U.S.-based tech companies for as long as they remain intact. Chinese tech companies, which are focusing primarily on Chinese markets, may be safer investment options by comparison. While that doesn't mean they won't be exposed to tariffs, the risk may be much more modest. Tencent, PDD Holdings, and Baidu are among the top holdings in the ETF, and they are among the best Chinese stocks to own. Baidu recently rolled out a new AI model, Ernie X1, which it says can rival DeepSeek and is only half the price. Meanwhile, earlier this month, Tencent's AI chatbot, Yuanbao, overtook DeepSeek on the Apple iOS app store in China as the most downloaded free app. It has been soaring in popularity after the company revamped it with DeepSeek's reasoning model. The other stock noted, PDD Holdings, is the e-commerce giant that owns Temu, one of the most popular online marketplaces in the world. All three of these stocks are promising buys all on their own. And within this ETF, investors get exposure to all of them, and more. Investing in Chinese stocks can be a great way for you to diversify your portfolio. Plus, this ETF can give you a way to tap into some undervalued tech stocks that have a lot of room for more growth, particularly due to AI. The Invesco China Technology ETF has been surging this year and with a modest valuation, it can be one of the better ETFs to invest in today. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $307,378!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $40,591!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $512,780!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 18, 2025 David Jagielski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Baidu, and Tencent. The Motley Fool has a disclosure policy. Worried About the Markets? This Tech ETF Is Up Over 25% This Year and Could Still Go Higher. was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
28-01-2025
- Business
- Yahoo
NDVL Jumps 24% on $1.5B Nvidia ETF Inflow
The GraniteShares 2x Long NVDA Daily ETF (NVDL) attracted $1.5 billion in new assets, boosting its total assets to nearly $6.5 billion, according to daily flows data. The SPDR Portfolio S&P 500 ETF (SPLG) gathered $386 million in inflows, while the ProShares UltraPro QQQ (TQQQ) added $269 million. The Technology Select Sector SPDR Fund (XLK) pulled in $227 million in new assets. The SPDR S&P 500 ETF Trust (SPY), meanwhile, saw $1.7 billion in outflows, while the Health Care Select Sector SPDR Fund (XLV) experienced $678 million in redemptions, according to the daily fund flow report. Leveraged ETF dominated flows with nearly $1.6 billion in net inflows, while U.S. fixed income funds added $879 million. U.S. equity funds saw redemptions of nearly $1.2 billion. Total ETF industry flows reached $2.68 billion for the day. Top 10 Creations (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change NVDL GraniteShares 2x Long NVDA Daily ETF 1,529.15 6,487.36 23.57% SPLG SPDR Portfolio S&P 500 ETF 386.24 58,329.94 0.66% TQQQ ProShares UltraPro QQQ 269.05 26,744.59 1.01% XLK Technology Select Sector SPDR Fund 227.40 75,570.38 0.30% TLT iShares 20+ Year Treasury Bond ETF 191.69 52,644.16 0.36% EZU iShares MSCI Eurozone ETF 187.23 7,251.38 2.58% FBTC Fidelity Wise Origin Bitcoin Fund 186.07 22,524.50 0.83% USO United States Oil Fund LP 183.13 1,084.71 16.88% XLF Financial Select Sector SPDR Fund 170.29 51,930.39 0.33% ARKB ARK 21Shares Bitcoin ETF Ben of Int 168.71 5,406.01 3.12%Top 10 Redemptions (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust -1,732.91 633,870.04 -0.27% XLV Health Care Select Sector SPDR Fund -678.45 38,269.41 -1.77% BSV Vanguard Short-Term Bond ETF -410.06 32,934.79 -1.25% QQQ Invesco QQQ Trust Series I -397.27 331,828.69 -0.12% GLD SPDR Gold Shares -281.88 76,492.12 -0.37% SQQQ ProShares UltraPro Short QQQ -156.44 1,909.92 -8.19% RSP Invesco S&P 500 Equal Weight ETF -140.32 74,586.63 -0.19% CGDV Capital Group Dividend Value ETF -126.67 13,244.97 -0.96% UUP Invesco DB US Dollar Index Bullish Fund -97.83 524.20 -18.66% IWD iShares Russell 1000 Value ETF -96.92 63,181.50 -0.15%ETF Daily Flows By Asset Class Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives -17.45 9,386.76 -0.19% Asset Allocation -4.52 22,323.98 -0.02% Commodities E T Fs -156.94 167,775.68 -0.09% Currency 387.29 140,387.79 0.28% International Equity 787.96 1,594,379.71 0.05% International Fixed Income 644.96 264,242.84 0.24% Inverse -264.31 11,659.22 -2.27% Leveraged 1,585.43 135,326.37 1.17% Us Equity -1,157.22 6,892,452.38 -0.02% Us Fixed Income 879.17 1,561,480.32 0.06% Total: 2,684.38 10,799,415.05 0.02%Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved Sign in to access your portfolio
