7 of the Best ETFs to Buy for Long-Term Investors

For your Sunday consideration I submit Friday's edition of U.S. News Invested which recommends 7 of the best ETFs for investors.  As always, more detailed information on each ETF can be had by clicking on the link provided.  Hope everyone had a great weekend.  

REMINDER WEBINAR: Technical Analysis for Non-Technical Investors

My weekend duty this Saturday night is a reminder of the AAII November program "Technical Analysis For Non-Technical Investors," which will be held this Monday night, preregistration required. Since I'm one person who still finds technical investing somewhat of a mystery, I'm hoping that this webinar will bring some enlightenment to the cause.  Enjoy the weekend, it's a nice one. 

Wall St books records, weekly gains on strong jobs report, Pfizer COVID-19 pill cheer

All three indexes once again closed at record heights upon today’s jobs report showing employment increased more than expected last month with the Dow shooting up 203 points. Another big trigger was Pfizer’s new COVID drug which “looks like a true game changer for many industries” per today’s expert. Momentum continues and all the positive data is incentivizing investors to put more money into the market.  The cyclical sectors of energy and industrials were the leaders with only healthcare taking a hit with Pfizer’s competitors sinking from Pfizer’s good news. 440 Q3 reports are now in and the earnings forecast is up again, today to 41.5 percent.  Volume remains above average at 11.5 billion. 

S&P 500, Nasdaq extend record streaks, with boost from chip, growth shares

Getting a spurt from falling Treasury yields, the growth stocks that Nasdaq and the S&P represent rose to new records again for the sixth straight session while the more traditional cyclical stocks of the Dow took a bath, down over 150 points as late as 2:30 p.m. when the index suddenly surged back to near break-even.  420 Q3 reports are now in and the earnings forecast has been raised once again, this time to 41.2%, nearly a full point just since yesterday. More good news was that new unemployment claims were at the lowest in 20 months suggesting continuing momentum for the economy.  Volume was a full billion above average at 11.3 billion. 

Wall St record run rolls on after Fed unveils anticipated bond-buying 'taper'

It was another record breaking day with all 3 indexes reaching new highs. But for most of the day, the whole market was in the red, the Dow over 150 points down, until 2 pm when the Fed made its announcemt vis-à-vis the tapering, and happily told investors exactly what they expected and wanted to hear. The Fed will begin tapering but will hold off on rate hikes and remains bullish on both the job market and their position that current inflation is transitory. 360 companies have now submitted Q3 reports and earnings are now expected to be up 40.4% vs yesterday’s 40.2%.  So as has often been the case, the earnings forecast gets a boost almost every day. Volume was above average at 11 billion.   

Wall Street mints record highs, helped by strong earnings; Fed up next

The Dow did indeed pass the historic 36,000 mark today (and then some) with all the indexes up, boosted by a continuing very strong Q3. 320 companies have now reported and the earnings forecast has again been raised, today to 40.2 percent. But starting on Wednesday, and for the next days and weeks, investors will be carefully parsing Fed tapering policy. The good news is everyone’s expecting it so there should be no shocks and, as today’s expert points out, “markets are happiest when they get predictability.”  Volume was just a tad below the 4-week average at 10.2 billion. 

Wall Street hits records as Tesla surges; focus on Fed meeting

Today was another up day with the Dow passing the 36,000 mark in intraday trading for the first time in history, though it dropped a little below that by close. And the S&P today is up almost 23% for the year. The only bad but hardly surprising news is that manufacturing slowed confirming what we already knew that the supply chain crisis was constraining the economy. With over half of Q3 reporting in, earnings growth is at 39%, quite a hike from the 29% forecast a month ago. Investors are now eying the Fed’s plans for tapering the $120 billion monthly bond buying. Volume is just a tad above the 4-week average at 10.5 billion.