To gain an edge, this is what you need to know today. GDP Brings Buying  Please click here for an enlarged chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: The chart shows a drop in QQQ.  The drop in QQQ was triggered by speculative sentiment pulling back.  As a reader of The Arora Report, you knew in advance that speculative sentiment could fall as a result of Tesla Inc (NASDAQ:TSLA) earnings. The chart shows that QQQ is approaching the support zone. RSI on the chart shows that QQQ is now oversold.  Oversold markets tend to bounce. The chart shows that the volume was low on the selloff.  This indicates a lack of conviction in selling. Especially hard hit in

U.S. chip stocks led by Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Broadcom Inc (NASDAQ:AVGO), Qualcomm Inc (NASDAQ:QCOM), Arm Holdings Plc (NASDAQ:ARM), Intel Corp (NASDAQ:INTC), Micron Technology, Inc (NASDAQ:MU) are trading lower on Wednesday. Tesla Inc (NASDAQ:TSLA) and Google parent Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) second-quarter earnings on Tuesday failed to impress the Street and are dragging the stocks lower. Tesla, a key Nvidia customer, reported second-quarter revenue growth of 2% year-on-year to $25.5 billion, beating the consensus estimate of $24.7 billion. EPS of $0.52 lagged the consens

Wall Street started the new week on a positive note, with all major indices in the green. A rebound in tech stocks following last week’s dips bolstered overall investor sentiment. Investors focused on the start of the tech earnings season, looking past President Joe Biden‘s withdrawal from the reelection campaign. Semiconductor stocks, which plunged last week due to threats of increased curbs on China, rallied on Monday. The VanEck Semiconductor ETF (NYSE:SMH) and the iShares Semiconductor ETF (NYSE:SOXX) both rose by 2.5%. The tech-heavy Nasdaq 100 index surged 1% by 12:40 p.m. in New York, poised to snap a three-day losing streak. The S&P 500 edged up 0.7%, while blue-chip stocks in

A market strategist is providing insight into which sectors could benefit based on whether Donald Trump or Joe Biden wins the 2024 presidential election. What Happened: There is a lot of focus on electric vehicles ahead of the 2024 election with a win by Trump seen as a negative for the sector, but a potential positive for Tesla. Freedom Capital Markets Chief Global Strategist Jay Woods told Benzinga there are several sectors to watch ahead of the 2024 election. Woods sees a potential "Trump bump" for financials and healthcare stocks if the former president returns to office. The market strategist recalled Operation Warp Speed, which mainly focused on COVID-19 treatments, but als

Goldman Sachs analysts have turned surprisingly bearish on chipmakers, advising investors to hedge their exposure to the sector by purchasing put options. In a note shared Friday, analyst Arun Prakash, CFA, cautioned about the potential for further downside in the semiconductor sector in the near term. This warning comes after recent losses triggered by news of potential heightened China export restrictions. “We believe the extreme crowding, geopolitical risks, upcoming earnings, and low skew provide an attractive opportunity for investors to hedge drawdown risks,” stated Goldman Sachs. Hedging Strategy: Buy Puts On Semiconductor ETF The firm advises investors to consider buying

The semiconductor market was jolted on Wednesday as stocks of major players like NVIDIA Corp. (NASDAQ:NVDA), Advanced Micro Devices, Inc. (NASDAQ:AMD), and Broadcom Inc. (NASDAQ:AVGO) took a sharp downturn. This came in the wake of reports suggesting that President Joe Biden is contemplating stricter trade restrictions with China and comments made by former President Donald Trump regarding Taiwan. What Happened: During an interview with CNBC’s Closing Bell Overtime, Bernstein analyst Stacy Rasgon shared his insights on the situation. Rasgon pointed out that Trump’s comments on Taiwan seemed to suggest that he was not overly concerned about protecting Taiwan, possibly indicating that he ex

It’s deep red on Wall Street on Wednesday, with tech stocks sharply falling amid a semiconductor broad-based selloff following news that the Biden administration is hastening export restrictions to China. Bloomberg reported on Wednesday that the U.S. administration has advised its allies to impose the strictest trade restrictions possible if companies such as Tokyo Electron Ltd. (OTCPK: TOELY) and ASML Holding NV (NASDAQ:ASML) persist in supplying advanced chips to China. Shares of the Dutch chipmaker ASML Holding fell nearly 12%, notching the worst decline since March 2020. The tech-heavy Nasdaq 100 tumbled by 2.7% at 12:45 p.m. ET, marking the worst session since late August 2023.

The semiconductor sector is enduring one of its worst trading days in years, driven by investor concerns over the Biden administration’s potential tightening of regulatory restrictions on chip exports to China. The iShares Semiconductor ETF (NYSE:SOXX) plummeted 5.4% by 12:20 p.m. ET, eyeing the worst session since October 2022. Similarly, the VanEck Semiconductor ETF (NYSE:SMH) sunk 5.5%. Chart: Chipmakers Suffer Worst Day Since October 2022 Image: Benzinga Pro The Biden administration is considering enacting the harshest trade restrictions if chipmakers continue to grant China access to advanced semiconductor technology, Bloomberg News reported Wednesday. Dutch chipmak

VanEck announced today the following 2023 annual distributions per share for its VanEck® equity exchange-traded funds. Distributions Per Share for the VanEck ETFs Listed Below Ex-Date: December 18, 2023 | Record Date: December 19, 2023 | Payable Date: December 22, 2023 Fund Ticker   Income Approximate % of Income from PFICs Short-Term Capital Gain Long-Term Capital Gain VanEck Africa Index ETF AFK $0.3136 60% None None VanEck Biotech ETF BBH $0.7127 None None None VanEck Gaming ETF BJK $0.7111 6% None None VanEck Brazil

VanEck announced today the following 2022 annual distributions per share for its VanEck® equity exchange-traded funds. Ex-Date: December 19, 2022 Record Date: December 20, 2022 Payable Date: December 23, 2022 Natural Resources   Ticker Income Approximate % of Income from PFICs Short-Term Capital Gain Long-Term Capital Gain VanEck Agribusiness ETF MOO $ 1.8466 5% None None VanEck Future of Food ETF YUMY $ 0.2560 None None None VanEck Gold Miners ETF GDX $ 0.4762 None None None VanEck Green Metals ETF GMET $ 0.7250 <1% None None VanEck Junior Gold Miners ETF GDXJ $ 0.182

VanEck announced today the following 2021 annual distributions per share for its VanEck® equity exchange-traded funds. Ex-Date: December 20, 2021 Record Date: December 21, 2021 Payable Date: December 27, 2021 Natural Resources ETFs     Ticker     Income     Approximate % of Income from PFICs     Short- Term Capital Gain     Long-Term Capital Gain VanEck Agribusiness ETF     MOO     $1.0968     None     None     None VanEck Future of Food ETF     YUMY     None     None     None     None VanEck Gold Miners ETF     GDX     $0.5348     None     None     None VanEck Green Meta

SMHX targets fabless semiconductor companies that focus on design and R&D rather than manufacturing, and builds on VanEck's suite of thematic equity ETFs, which includes the $23 billion VanEck Semiconductor ETF (SMH). Fabless chip companies avoid the high costs of owning manufacturing facilities and can deploy more resources towards innovation, making them well-equipped to adapt to new technologies, market demands, and scaling needs. VanEck is today announcing the newest addition to its suite of thematic equity ETFs: the VanEck Fabless Semiconductor ETF (SMHX), targeting semiconductor companies that design and develop chips but outsource their manufacturing. Unlike integrated chip man

VanEck announced today the following 2023 annual distributions per share for its VanEck® equity exchange-traded funds. Distributions Per Share for the VanEck ETFs Listed Below Ex-Date: December 18, 2023 | Record Date: December 19, 2023 | Payable Date: December 22, 2023 Fund Ticker   Income Approximate % of Income from PFICs Short-Term Capital Gain Long-Term Capital Gain VanEck Africa Index ETF AFK $0.3136 60% None None VanEck Biotech ETF BBH $0.7127 None None None VanEck Gaming ETF BJK $0.7111 6% None None VanEck Brazil

VanEck is pleased to announce that the Board of Trustees of VanEck Trust approved a 2-for-1 forward stock split for the VanEck Semiconductor ETF (NASDAQ:SMH) ("the Fund"). The effective date of the split will be at market open on May 4, 2023. The Fund will retain the same CUSIP and continue to trade on The NASDAQ Stock Market, Inc. under the same ticker symbol as set forth below. Fund Name Ticker CUSIP Split Ratio VanEck Semiconductor ETF SMH 92189F676 2:1 All investors owning shares of the Fund as of the close of trading on May 3, 2023 will have their shares included in the stock split. Shares are expected to start trading at the new

IBOT offers global exposure to the rise of the robotics industry, which is projected to grow to over $90B by 2026.1 IBOT joins VanEck's forward-looking thematic ETFs lineup, providing a way for investors to invest in the technologies shaping our future. VanEck today announced the launch of the VanEck Robotics ETF (IBOT), a thematic equity ETF offering exposure to the leading global companies that are driving and benefiting from the growth of the robotics industry. As economic environments rapidly shift, labor shortages grow, and the world trends toward deglobalization, the need to introduce more automation and greater efficiency across a range of industries is increasing. "Industrial ro

VanEck announced today the following 2022 annual distributions per share for its VanEck® equity exchange-traded funds. Ex-Date: December 19, 2022 Record Date: December 20, 2022 Payable Date: December 23, 2022 Natural Resources   Ticker Income Approximate % of Income from PFICs Short-Term Capital Gain Long-Term Capital Gain VanEck Agribusiness ETF MOO $ 1.8466 5% None None VanEck Future of Food ETF YUMY $ 0.2560 None None None VanEck Gold Miners ETF GDX $ 0.4762 None None None VanEck Green Metals ETF GMET $ 0.7250 <1% None None VanEck Junior Gold Miners ETF GDXJ $ 0.182

VanEck announced today the following 2021 annual distributions per share for its VanEck® equity exchange-traded funds. Ex-Date: December 20, 2021 Record Date: December 21, 2021 Payable Date: December 27, 2021 Natural Resources ETFs     Ticker     Income     Approximate % of Income from PFICs     Short- Term Capital Gain     Long-Term Capital Gain VanEck Agribusiness ETF     MOO     $1.0968     None     None     None VanEck Future of Food ETF     YUMY     None     None     None     None VanEck Gold Miners ETF     GDX     $0.5348     None     None     None VanEck Green Meta

DAPP offers diversified exposure to companies across the digital transformation, including digital assets exchanges, miners, payment gateways, hardware, and technology providers. VanEck today announced the launch of the VanEck Vectors® Digital Transformation ETF (NASDAQ:DAPP), a new equity fund designed to provide investors with pure-play exposure to the innovative companies that are powering the digital transformation of the world's economy. "The digitalization of the global economy has been picking up steam for the past several years, and as digital assets1 mature, this has driven the growth of several innovative companies—not only miners of digital assets, but also digital asset exchan