Private Advisor Group, LLC Buys PowerShares QQQ Trust Ser 1, iShares Core U.S. Growth ETF, Exxon Mobil Corp, Sells Vanguard Total Bond Market ETF, Vanguard Intermediate-Term Corporate Bond ETF, First Trust Enhanced Short Maturity ETF

Morristown, NJ, based Investment company Private Advisor Group, LLC (Current Portfolio) buys PowerShares QQQ Trust Ser 1, iShares Core U.S. Growth ETF, Exxon Mobil Corp, First Trust Capital Strength ETF, SPDR Dow Jones Industrial Average ETF Trust, sells Vanguard Total Bond Market ETF, Vanguard Intermediate-Term Corporate Bond ETF, First Trust Enhanced Short Maturity ETF, iShares Core U.S. Value ETF, iShares Core MSCI Emerging Markets ETF during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Private Advisor Group, LLC. As of 2019Q2, Private Advisor Group, LLC owns 1422 stocks with a total value of $5 billion. These are the details of the buys and sells.

For the details of Private Advisor Group, LLC’s stock buys and sells, go to https://www.gurufocus.com/guru/private+advisor+group%2C+llc/current-portfolio/portfolio

These are the top 5 holdings of Private Advisor Group, LLC

  1. Vanguard Total Stock Market ETF (VTI) – 1,219,759 shares, 3.63% of the total portfolio. Shares reduced by 14.64%
  2. SPDR S&P 500 ETF Trust (SPY) – 437,217 shares, 2.54% of the total portfolio. Shares added by 5.99%
  3. Apple Inc (AAPL) – 557,622 shares, 2.19% of the total portfolio. Shares added by 2.70%
  4. PowerShares QQQ Trust Ser 1 (QQQ) – 463,561 shares, 1.72% of the total portfolio. New Position
  5. iShares Core S&P 500 ETF (IVV) – 276,758 shares, 1.62% of the total portfolio. Shares added by 4.32%

New Purchase: PowerShares QQQ Trust Ser 1 (QQQ)

Private Advisor Group, LLC initiated holding in PowerShares QQQ Trust Ser 1. The purchase prices were between $170.12 and $191.11, with an estimated average price of $184. The stock is now traded at around $188.14. The impact to a portfolio due to this purchase was 1.72%. The holding were 463,561 shares as of .

New Purchase: iShares Core U.S. Growth ETF (IUSG)

Private Advisor Group, LLC initiated holding in iShares Core U.S. Growth ETF. The purchase prices were between $58.44 and $63.27, with an estimated average price of $61.3. The stock is now traded at around $62.74. The impact to a portfolio due to this purchase was 0.64%. The holding were 517,384 shares as of .

New Purchase: First Trust Capital Strength ETF (FTCS)

Private Advisor Group, LLC initiated holding in First Trust Capital Strength ETF. The purchase prices were between $53.07 and $56.93, with an estimated average price of $55.11. The stock is now traded at around $56.43. The impact to a portfolio due to this purchase was 0.33%. The holding were 290,960 shares as of .

New Purchase: First Trust Dow Jones Internet Index Fund (FDN)

Private Advisor Group, LLC initiated holding in First Trust Dow Jones Internet Index Fund. The purchase prices were between $132.96 and $149.21, with an estimated average price of $142.74. The stock is now traded at around $136.89. The impact to a portfolio due to this purchase was 0.27%. The holding were 95,230 shares as of .

New Purchase: Invesco S&P MidCap Low Volatility ETF (XMLV)

Private Advisor Group, LLC initiated holding in Invesco S&P MidCap Low Volatility ETF. The purchase prices were between $49.61 and $52.22, with an estimated average price of $50.72. The stock is now traded at around $51.71. The impact to a portfolio due to this purchase was 0.16%. The holding were 153,703 shares as of .

New Purchase: VanEck Vectors Oil Services ETF (OIH)

Private Advisor Group, LLC initiated holding in VanEck Vectors Oil Services ETF. The purchase prices were between $13.08 and $18.56, with an estimated average price of $15.6. The stock is now traded at around $11.60. The impact to a portfolio due to this purchase was 0.12%. The holding were 418,636 shares as of .

Added: Exxon Mobil Corp (XOM)

Private Advisor Group, LLC added to a holding in Exxon Mobil Corp by 102.71%. The purchase prices were between $70.77 and $83.38, with an estimated average price of $77.42. The stock is now traded at around $69.15. The impact to a portfolio due to this purchase was 0.48%. The holding were 624,884 shares as of .

Added: SPDR Dow Jones Industrial Average ETF Trust (DIA)

Private Advisor Group, LLC added to a holding in SPDR Dow Jones Industrial Average ETF Trust by 81.97%. The purchase prices were between $246.78 and $266.52, with an estimated average price of $259.22. The stock is now traded at around $260.92. The impact to a portfolio due to this purchase was 0.28%. The holding were 117,521 shares as of .

Added: FS KKR Capital Corp (FSK)

Private Advisor Group, LLC added to a holding in FS KKR Capital Corp by 109.16%. The purchase prices were between $5.83 and $6.38, with an estimated average price of $6.15. The stock is now traded at around $5.87. The impact to a portfolio due to this purchase was 0.27%. The holding were 4,363,142 shares as of .

Added: Enterprise Products Partners LP (EPD)

Private Advisor Group, LLC added to a holding in Enterprise Products Partners LP by 123.17%. The purchase prices were between $27.85 and $29.6, with an estimated average price of $28.81. The stock is now traded at around $29.21. The impact to a portfolio due to this purchase was 0.26%. The holding were 816,514 shares as of .

Added: Netflix Inc (NFLX)

Private Advisor Group, LLC added to a holding in Netflix Inc by 71.38%. The purchase prices were between $336.63 and $385.03, with an estimated average price of $360.67. The stock is now traded at around $300.60. The impact to a portfolio due to this purchase was 0.19%. The holding were 61,456 shares as of .

Added: iShares U.S. Real Estate ETF (IYR)

Private Advisor Group, LLC added to a holding in iShares U.S. Real Estate ETF by 174.10%. The purchase prices were between $84.15 and $90.87, with an estimated average price of $86.99. The stock is now traded at around $92.03. The impact to a portfolio due to this purchase was 0.18%. The holding were 170,283 shares as of .

Sold Out: Blackstone Group Inc (BX)

Private Advisor Group, LLC sold out a holding in Blackstone Group Inc. The sale prices were between $34.45 and $45.04, with an estimated average price of $39.87.

Sold Out: ProShares Short Dow30 (DOG)

Private Advisor Group, LLC sold out a holding in ProShares Short Dow30. The sale prices were between $53.05 and $57.23, with an estimated average price of $54.45.

Sold Out: Rollins Inc (ROL)

Private Advisor Group, LLC sold out a holding in Rollins Inc. The sale prices were between $35.41 and $43.75, with an estimated average price of $38.72.

Sold Out: Weibo Corp (WB)

Private Advisor Group, LLC sold out a holding in Weibo Corp. The sale prices were between $41.11 and $72.32, with an estimated average price of $56.12.

Sold Out: iShares MSCI France ETF (EWQ)

Private Advisor Group, LLC sold out a holding in iShares MSCI France ETF. The sale prices were between $28.3 and $30.65, with an estimated average price of $29.5.

Sold Out: iShares MSCI Germany ETF (EWG)

Private Advisor Group, LLC sold out a holding in iShares MSCI Germany ETF. The sale prices were between $26.2 and $28.18, with an estimated average price of $27.32.

Here is the complete portfolio of Private Advisor Group, LLC. Also check out:

1. Private Advisor Group, LLC’s Undervalued Stocks
2. Private Advisor Group, LLC’s Top Growth Companies, and
3. Private Advisor Group, LLC’s High Yield stocks
4. Stocks that Private Advisor Group, LLC keeps buying

Read More Here...

The Bond Conundrum And How To Manage

The past couple of weeks have been breathtaking for bond investors and observers of the bond market. The yield on the Treasury bond is now at a record low—it dipped under 2% this week— and the Treasury is not far off its record low of 1.36% set in July 2016, the yield now sits at 1.53%. With a little more than two weeks gone in August, we have seen the 10-year drop 47 basis points and the 30-year 53 basis points. This is more movement in two weeks than we sometimes see in six months.

US 30 Yr Bond Vs Core CPI

There are many crosscurrents here. Most pundits are using the inversion of the yield curve as a forecast of a slowdown. But as we have noted in other pieces, economic slowdowns are far from synchronous with inversions. Growth continued for a year and a half after the yield curve inverted in 2006.

Looking at recent economic data, it’s pretty hard to find the slowdown:

advanced 0.7% month-over-month in July, versus an expectation of 0.3%. The (New York survey of business conditions) advanced 4.8% versus an expectation of 2.0%. is 2.2 % over the trailing 12-month level—right where it was at the end of December when the 10-year bond yield stood at 2.685% and the 30-year bond yield was 3.01%. The and the are still up double digits this year—even after this week’s turmoil. Second-quarter nonfarm productivity is at 2.3% vs. a 1.4% expectation.

This does not look like an economy that is rolling over. Nor is it.

This is a bond market that has been buffeted by a number of factors that are not U.S.-related.

Europe is mired in negative interest rates. The wisdom of having negative interest is strongly debated.

Read More Here...

Europe stocks advance as traders return to Italian equities

Europe stocks trade higher on Wednesday, with traders bidding higher risky assets in early action.

After losing ground on Tuesday amid political upheaval in Italy, the Stoxx Europe 600 SXXP, +0.61%  rose 0.46% to 373.00, led by oil giants including BP BP, +0.98%   and Total FP, +0.87%  . Banks SX7E, +0.85%   also gained ground.

Italy’s FTSE MIB I945, +1.27%  , up about 12% for the year, rose 0.77% to 20643.95 as the nation waits for Italian President Sergio Mattarella to decide whether to hold fresh elections after the resignation of Prime Minister Giuseppe Conte on Tuesday.

The German DAX DAX, +0.56%  added 0.37% to 11694.15, the French CAC 40 PX1, +0.86%  gained 0.61% to 5377.37 and the U.K. FTSE 100 UKX, +0.67%  rose 0.4% to 7153.61.

Markets were awaiting fresh data on U.S. existing home sales, and after the European close, the release of minutes from the last Fed meeting.

After a 173-point drop in the Dow Jones Industrial Average DJIA, -0.66%   on Tuesday, U.S. stock futures ES00, +0.58%  were higher.

Read More Here...

Kazakhstan: AIFC investment residency program to attract new wave of foreign capital

NUR-SULTAN (TCA) — At the Government session on August 20, Kairat Kelimbetov, Governor of the Astana International Financial Center (AIFC), spoke about the main results of the center’s activities, as well as reported on its further development prospects, the press service of the Prime Minister of Kazakhstan reported.In Kelimbetov’s words, the number of registered enterprises of the AIFC regulator increased to 235 companies from 26 countries (USA, UK, Switzerland, China, Hong Kong, etc.), including such large financial institutions as the China Development Bank, China Construction Bank, and the largest investment banks Wood & Co (Czech Republic) and CICC (Hong Kong), and by the end of 2020 their number will increase to 500.The work of the AIFC Exchange was launched in November 2018. The global financial industry leaders — the Shanghai Stock Exchange, the Nasdaq American Exchange, the Silk Road Fund and the largest US investment bank Goldman Sachs — have become strategic partners and shareholders of the Exchange, providing access to investment liquidity in these vast regions, including through the Belt and Road Initiative.In less than a year of operation of the AIFC Exchange, the amount of equity capital raised amounted to more than $70 million. For the 1st half of 2019, the total capitalization of the AIFC Exchange’s stock market amounted to $1.9 billion.AIFC, together with the EBRD, will continue the project to develop the country’s capital market and upgrade its status in the global MSCI index to the level of countries with developing economies.In order to facilitate the transition to a green economy and sustainable growth, AIFC promotes the development of green finance on its site. Together with the EBRD, a fundamental basis has been adopted — the Concept of a green financial system for Kazakhstan, the AIFC Strategy in its implementation, as well as the Rules for

Read More Here...

Asia Markets: Asian markets pull back after recession fears weigh on Wall Street

Asian markets were mostly lower in early trading Wednesday, after recession worries led to losses on Wall Street.

President Donald Trump on Tuesday admitted that tariffs against Chinese goods may cause economic pain in the U.S., but said his hard line is necessary and will be worth it in the long run. “It’s about time, whether it’s good for our country or bad for our country short-term,” Trump said, adding that he didn’t think the nation was at risk of recession.

Japan’s Nikkei NIK, -0.30%   fell 0.3% while Hong Kong’s Hang Seng Index HSI, +0.05%   gave up early gains and was up 0.1%. The Shanghai Composite SHCOMP, +0.11%   also slid from session highs, and was last about flat, while the smaller-cap Shenzhen Composite 399106, +0.14%   was also unchanged. South Korea’s Kospi 180721, +0.14%  and Taiwan’s Y9999, +0.03% benchmark indexes were flat, Singapore STI, -0.29%  fell 0.4%, Malaysia FBMKLCI, -0.19%  dropped 0.2% and Indonesia JAKIDX, -0.58%   0.6%. Australia’s S&P/ASX 200 XJO, -0.89%   slipped 1%.

Among individual stocks, SoftBank 9984, -2.98%   and Mazda Motor 7261, -3.16%   fell in Tokyo trading, while Fast Retailing 9983, +1.12%   rose. In Hong Kong, CSPC Pharmaceutical 1093, +5.28%   gained while Geely Automobile 175, +0.54%   and Sunny Optical 2382, +0.66%   fell. Kia Motors 000270, -1.16%   advanced in South Korea, while Foxconn 2354, +1.44%   gained in Taiwan. Mining giants BHP BHP, -2.42%   and Rio Tinto RIO, -2.17%   fell in Australia, and banking stocks, led by Westpac WBC, -1.57%  , slid.

U.S. stocks fell Tuesday after another slide in bond yields and a mixed batch of corporate earnings. Financial sector stocks led the declines.

Investors looked ahead to the Fed’s release Wednesday of notes from its policymaking meeting last month and a speech Friday

Read More Here...

[email protected]: ASX set to slide as Wall Street rally stalls

2. The bears hold control still, as data comes into focus: The fact momentum alone couldn’t sustain the run higher in European and North American stock markets probably speaks of a persisting bearishness right now. Despite some terrific intra-day rallies in equities, there isn’t a categorical cue (yet) that risk sentiment has recovered.

Markets are still worried about the global economy and earnings downgrades, and the bets are that central bankers will pull out all stops to fix this problem. That dynamic is keeping pressure on yields, and capping stock market gains. The market does enter the business end of the week now. Focus will be narrowed on a raft of central bank news, and tier-1 economic data.

3. RBA highlighted the data docket yesterday: In the day’s local economic highlight yesterday, the RBA released the minutes from its August meeting. Though certainly containing some interesting insight about the drivers of global economic activity, as well as the likely monetary policy response, market participants found little new, market-moving ­information within the document. Rates markets and the Australian Dollar barely budged on the release, as traders remain preoccupied with global macro-economic news.

As it presently stands, the market is still betting that the RBA cuts interest rates twice in the next 6 months, or so. The first, to likely come in October; the second, likely in January next year.

4. RBA sees economic risks skewed to downside: Judging by the RBA’s minutes, though, and it appears the central bank sees risks skewed to the downside, for now. Echoing a message being delivered by several of the world’s largest central bankers currently, “trade and technology” disputes between the US and China is weighing on business investment across the globe, and slowing down economic activity.

Global growth is still expected to be positive

Read More Here...

Analysis: 15 ways to compare the Trump economy vs. Obama economy

Is a recession coming in 2020 or 2021? Experts continue to debate the conflicting signals, but an equally telling question might be: How does the “Trump economy” compare to Barack Obama’s?

President Donald Trump constantly refers to the economy as “strong,” “terrific” and the “greatest in the history of our country,” but a closer look at the data shows a mixed picture in terms of whether the economy is any better than it was in Obama’s final years. The economy is growing at about the same pace as it did in Obama’s last years, and unemployment, while lower under Trump, has continued a trend that began in 2011.

The best case Trump can make for improvement since he took office is higher wages. The typical American worker’s pay is finally growing more than 3 percent a year, a level not seen since before the Great Recession. Similarly, consumer and business confidence surged after Trump’s election and has remained high, and manufacturing output (and jobs) also saw a noticeable jump in 2018 after Trump’s tax cut, although manufacturing is now struggling. There’s also been a drop in the number of Americans on food stamps.

But in other areas Trump’s record does not look as rosy. Government debt and the trade deficit are climbing (while most economists don’t worry about the rising trade deficit, Trump made it a central part of his 2016 election campaign), and business investment is faltering as corporate leaders say they are wary of Trump’s trade war. The number of Americans lacking health insurance is also ticking up slightly.

As for two of Trump’s favorite metrics – stocks and jobs – there is a case to be made that those looked better under Obama, although most economists expected job gains to slow now that the economic recovery is

Read More Here...

Asian stocks follow Wall Street lower before U.S. Fed release

Joe McDonald, The Associated Press
Published Wednesday, August 21, 2019 12:38AM EDT

BEIJING — Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts.

Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced.

U.S. stocks fell Tuesday after another slide in bond yields and a mixed batch of corporate earnings. Financial sector stocks led the declines.

Investors looked ahead to the Fed’s release Wednesday of notes from its policymaking meeting last month and a speech Friday by chairman Jerome Powell.

Markets have “entered a holding pattern” ahead of Powell’s speech at an annual gathering in Jackson Hole, Wyoming, said Jeffrey Halley of Oanda in a report.

Investors expect Powell to signal the Fed “is about to embark on a reinvigorated wave of easing,” said Halley. However, he said U.S. data “simply does not support the need for an aggressive easing cycle.”

The Shanghai Composite Index lost 0.1% to 2,875.63 and Tokyo’s Nikkei 225 shed 0.4% to 20,597.21. Hong Kong’s Hang Seng declined 0.3% to 26,161.92.

Seoul’s Kospi gained 0.2% to 1,965.02 while Sydney’s S&P-ASX 200 fell 1% to 6,477.60. Taiwan and Indonesian markets advanced while New Zealand and Singapore retreated.

On Wall Street, the benchmark Standard & Poor’s 500 index snapped a three-day winning streak and fell 0.8% to 2,900.51. The Dow Jones Industrial Average slid 0.7% to 25,962.44. The Nasdaq composite dropped 0.7% to 7,948.56.

The U.S. market has been volatile this month as investors try to parse conflicting signals on the U.S. economy and determine whether a recession is on the horizon. A key concern is that the U.S.-Chinese tariff war will weigh on global economic growth.

Some chipmakers rose on Monday that the Trump administration

Read More Here...

Bursa edges lower amid cautious opening

Kuala Lumpur shares track overnight losses of global indices and investor caution to start the trading day slightly lower. — Picture by Razak Ghazali

KUALA LUMPUR, Aug 21 — Bursa Malaysia opened lower today tracking overnight losses of global indices amid cautious investment tone.

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 2.83 points to 1,599.92, after opening 1.52 points lower at 1,601.24.

The market barometer closed at 1,602.75 yesterday.

On the broader market, losers outpaced gainer 112 to 87, while 146 counters unchanged, 1,610 untraded and 14 others suspended.

Turnover stood at 68.98 million units worth RM30.35 million.

Malacca Securities Sdn Bhd in its equity note today said, the FBM KLCI is expected to be on the road of recovery due to the oversold condition, despite weakening global indices.

“We do see some tempering of the recovery prospects and renewed volatility could still be a near term feature.

“Under the prevailing environment, we think the near term upsides could be limited with the 1,610 level becoming the near term resistance,” it said.

As for market rebound, it said that the lower liners and broader market shares will continue their rebound, but with increased volatility as profit-taking activities could set in.

“Nevertheless, we still see mild upsides over the near term as bouts of bargain hunting activities will provide some aiding factors,” it added.

Global indices, Dow Jones Industrial Average lost 0.66 per cent to 25,962.44, Japan Nikkei slid 0.68 per cent to 20.535.64, Hong Kong Hang Seng reduced 0.23 per cent to 26,231 and South Korea’s KOPSI fell 0.02 per cent to 1,959.80.

On heavyweight performance, Press Metal and Kuala Lumpur Kelong both declined six sen to RM4.75 and RM23.76 respectively, while Tenaga Nasional, CIMB Group and DIGI all shed two sen to RM13.68, RM5.16 and

Read More Here...

Market Ahead, August 21: All you need to know before the Opening Bell

Investors must brace themselves for another volatile trading session as global cues, rupee trajectory, and oil price movement are likely to steer market direction today

BS Web Team  |  New Delhi  Last Updated at August 21, 2019 08:29 IST

Investors must brace themselves for another volatile trading session as global cues, rupee trajectory, and oil price movement are likely to steer market direction today. Besides, expectations of any announcement for a stimulus package to revive the economy is likely to keep investors on the sidelines.

That apart, all eyes would be on the Reserve Bank of India’s minutes of the latest Monetary Policy meeting, which is scheduled to be released later in the day. Remember, the central bank lowered the repo rate by 35 basis points to 5.40 per cent during its August meeting.

Further, SEBI’s board will meet in Mumbai today during which it may introduce a slew of reforms, including greater checks on credit rating agencies and for rewarding informants in insider trading cases with up to Rs 1 crore reward, among other things.

Globally, US President Donald Trump said on Tuesday that he had to confront China over trade even if it caused short-term harm to the US economy.

On Tuesday, the S&P BSE Sensex ended at 37,328 level, down 0.2 per cent. The broader Nifty50, too, slipped 0.33 per cent, to settle at 11,017 mark.

And now, let’s take a look at the global

Financial shares dragged US stocks lower during the overnight trade on Tuesday. The Dow Jones and the Nasdaq fell 0.7% each while the S&P 500 lost 0.8%. In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2% during the early trade on Wednesday, while Japan’s Nikkei slipped 0.6%.

At 07:55 am, Nifty futures on the Singapore Exchange were trading 16.50 points lower

Read More Here...