Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>Day traders are betting on bankrupt companies including <keyword id="187854" type="CITY" weightage="60" keywordseo="Hertz">Hertz</keyword> and <keyword id="1402916" type="COMPANY" weightage="60" keywordseo="JCPenney">JCPenney</keyword>, even though shareholders tend to be losers in the <keyword id="43550" type="EVENT" weightage="60" keywordseo="Bankruptcy">bankruptcy</keyword> process.</li><li>Hertz, JCPenney, and Whiting Petroleum shares rose by more than 95% on Monday, while Chesapeake Energy and GNC, which are said to be close to filing for bankruptcy, rose by 182% and 106%.</li><li>"I don't think I'd have ever guessed before that *bankruptcy* itself would be an exciting investment theme," the Bloomberg editor Joe Weisenthal <a href="https://twitter.com/TheStalwart/status/1270130300702593024">tweeted on Monday</a>.</li><li>The billionaire investor <keyword id="15937" type="PERSON" weightage="60" keywordseo="Carl-Icahn">Carl Icahn</keyword> <a href="https://markets.businessinsider.com/news/stocks/investor-carl-icahn-sells-entire-hertz-stake-2-billion-loss-2020-5-1029240688">ditched his 39% stake in Hertz at a huge loss</a> in May after the car-rental giant filed for bankruptcy.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>Day traders are piling into <a href="https://markets.businessinsider.com/stocks/htz-stock">Hertz</a>, <a href="https://markets.businessinsider.com/stocks/jcp-stock">JCPenney</a>, and other bankrupt companies despite the overwhelming odds that shareholders will be wiped out during court proceedings."I've seen a lot of unusual micro-bubbles over the years," the Bloomberg editor Joe Weisenthal <a href="https://twitter.com/TheStalwart/status/1270130300702593024">tweeted on Monday</a>, giving examples such as cannabis, blockchain, and space."But I don't think I'd have ever guessed before that *bankruptcy* itself would be an exciting investment theme," he added.Hertz, JCPenney, and <a href="https://markets.businessinsider.com/stocks/wll-stock">Whiting Petroleum</a> have filed for Chapter 11 bankruptcy protection in the past two months, yet their shares rose by more than 95% on Monday. <a href="https://markets.businessinsider.com/stocks/chesapeake_energy_13-stock">Chesapeake Energy</a> and <a href="https://markets.businessinsider.com/stocks/gnc-stock">GNC</a>, which are said to be <a href="https://www.bloomberg.com/news/articles/2020-06-08/chesapeake-energy-plans-bankruptcy-that-may-give-lenders-control?sref=Oeyjq8by">close</a> to <a href="https://www.bloomberg.com/news/articles/2020-06-02/gnc-said-to-discuss-bankruptcy-loan-before-june-15-debt-trigger">filing</a> for bankruptcy, saw their shares soar by 182% and 106%.<a href="https://robintrack.net/">Robintrack</a>, which monitors how many <keyword id="1268253" type="PERSON" weightage="60" keywordseo="Robinhood">Robinhood</keyword> users are holding a particular stock, showed a <a href="https://markets.businessinsider.com/news/stocks/robinhood-traders-betting-stocks-against-veteran-investors-winning-buffett-icahn-2020-6-1029289894">massive surge in ownership</a> of bankruptcy stocks in recent days.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-11-companies-3-month-outperformance-ms-2020-6" target="_blank" rel="noopener noreferrer">MORGAN STANLEY: Buy these 11 stocks right now to reap the strongest possible market-beating returns over the next 3 months</a>Retail investors may have been lured by their rock-bottom stock prices, unaware that shareholders in bankrupt companies typically walk away with nothing, Kirk Ruddy, a former bankruptcy-claims trader, <a href="https://www.bloomberg.com/news/articles/2020-06-08/retail-traders-flout-legal-logic-in-dash-for-bankrupt-stocks?sref=vuYGislZ">told Bloomberg</a>.Courts tend to order bankrupt companies to repay lawyers, lenders, and suppliers before their shareholders. Bonds linked to the troubled companies are trading below their par value, suggesting their creditors won't be made whole, let alone their shareholders, Bloomberg said."No one ever loses equity in a bankruptcy case," a judge <a href="https://twitter.com/NathanBomey/status/1266047502337413121">told JCPenney shareholders</a> last month, according to Bloomberg. "Equity gets lost long before the case is filed."Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-cheap-cash-rich-companies-for-recovery-2020-6" target="_blank" rel="noopener">'The real opportunity is in individual stocks': A Wall Street research chief shares 5 picks that are poised to thrive in a world after COVID — including a retailer that could double from today's levels</a>The billionaire investor Carl Icahn was undoubtedly aware of that when he <a href="https://markets.businessinsider.com/news/stocks/investor-carl-icahn-sells-entire-hertz-stake-2-billion-loss-2020-5-1029240688">dumped his 39% stake in Hertz at an almost $2 billion loss</a> in late May, days after the car-rental giant filed for bankruptcy.Retail investors have rushed to fill the void he left: Hertz stock has rocketed up nearly 900% from its low of $0.56 on May 26.Similarly, JCPenney stock has surged more than 150%, and Whiting has rebounded more than 800% since the companies entered Chapter 11 bankruptcy protection.However, all three stocks trade at a fraction of their price at the start of this year.Read more: <a href="https://www.businessinsider.com/stock-market-investing-strategy-for-coroanvirus-recession-recovery-morgan-stanley-2020-6" target="_blank" rel="noopener">MORGAN STANLEY: The stock market is entering a new phase of a playbook that's thrived in past recessions. Here's how to tweak your portfolio to take advantage.</a> Correction: A previous version of this story said that Robinhood traders were buying JCPenney stock, but they haven't been able to buy the stock for several weeks, following its delisting from the New York Stock Exchange in May. JCPenney now trades under the JCPNQ ticker on over-the-counter or OTC <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>.

Day traders are piling into Hertz, JCPenney, and other bankruptcy stocks despite the massive risks

<ul><li>There has been a surge in retail-trading activity since COVID-19 stay-at-home orders swept the nation.</li><li>Part of the increase in trading activity by retail <keyword id="6359051" type="UNKNOWN" weightage="60" keywordseo="investors">investors</keyword> has been chalked up to sports bettors speculating on <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> because of the suspension of professional sports leagues during the pandemic.</li><li>Barstool Sports' David Portnoy, aka Davey <keyword id="134012" type="POSITION" weightage="60" keywordseo="day-trader">Day Trader</keyword>, has led the charge of introducing a new audience to stocks — his trading videos often get up to 1 million views on Twitter.</li><li>This group of traders has been betting on beaten-down stocks that veteran <keyword id="25931" type="COMPANY" weightage="60" keywordseo="billionaire">billionaire</keyword> investors like Warren Buffett and Carl Icahn have abandoned. And they're starting to win.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Visit Business Insider's homepage for more stories</a>.</li></ul><keyword id="1268253" type="PERSON" weightage="60" keywordseo="Robinhood">Robinhood</keyword> traders have been placing big bets against veteran billionaire investors, and they're starting to win.Since COVID-19 stay-at-home orders swept the nation, there's been a surge in retail-brokerage trading, partly fueled by a new group of investors looking for excitement as professional sports leagues are suspended.Barstool Sports' David Portnoy, <a href="https://twitter.com/stoolpresidente">known as Davey Day Trader on Twitter</a>, has led the charge in introducing a new audience to <keyword id="35175" type="ORGANIZATION" weightage="60" keywordseo="investing">investing</keyword> through the videos he posts on Twitter, which often get up to 1 million views. He often talks about the stocks he's trading and why he's trading them, before going on impassioned rants about the market and political environment.Recently, this new group of traders has been betting against the likes of veteran billionaire investors including Warren Buffett, Carl Icahn, and Stanley Druckenmiller.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-cheap-cash-rich-companies-for-recovery-2020-6" target="_blank" rel="noopener">'The real opportunity is in individual stocks': A Wall Street research chief shares 5 picks that are poised to thrive in a world after COVID — including a retailer that could double from today's levels</a>First up is Buffett and the airline stocks.In early May, Buffett said Berkshire Hathaway had <a href="https://markets.businessinsider.com/news/stocks/big-4-airline-stocks-plunge-warren-buffett-berkshire-hathaway-sell-2020-5-1029160193?utm_source=markets&amp;utm_medium=ingestgest">liquidated its stake in the "big four" airlines</a>. Around the same time, Robinhood investors and Portnoy started piling into airline stocks, as evidenced by <a href="https://markets.businessinsider.com/news/stocks/airline-stocks-etf-investors-bet-against-warren-buffett-assets-surge-2020-5-1029172209">a surge in assets</a> in the <a href="https://markets.businessinsider.com/etfs/us-global-jets-etf-us26922a8421">US Global Jets exchange-traded fund</a>.Since Buffett revealed that he sold his airline stocks, the ETF has surged 55%.Robinhood traders: 1. Veteran billionaire investors: 0.Next up is Icahn and <a href="https://markets.businessinsider.com/stocks/htz-stock">Hertz</a>.In late May, Icahn said in a Securities and Exchange Commission filing that <a href="https://markets.businessinsider.com/news/stocks/investor-carl-icahn-sells-entire-hertz-stake-2-billion-loss-2020-5-1029240688?utm_source=markets&amp;utm_medium=ingest#:~:text=Carl%20Icahn%20dumped%20his%2039,week%2C%20a%20financial%20filing%20showed.wed.">he liquidated his position in Hertz</a> at an average price of $0.72 per share, representing a loss of more than $1.8 billion. Hertz recently <a href="https://www.businessinsider.com/hertz-filing-for-bankruptcy-as-early-as-this-weekend-report-2020-5?utm_source=markets&amp;utm_medium=ingestgest">filed for bankruptcy,</a> sending its shares into a tailspin.But retail traders, apparently not scared that Hertz's equity could be wiped out by its bankruptcy proceedings, have piled into the stock. The number of Robinhood accounts that own Hertz has <a href="https://markets.businessinsider.com/news/stocks/hertz-stock-price-skyrockets-since-filing-bankruptcy-traders-global-holdings-2020-6-1029285231">nearly doubled since the start of its bankruptcy proceedings</a>, to 73,000 as of Friday.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-11-companies-3-month-outperformance-ms-2020-6?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener noreferrer">MORGAN STANLEY: Buy these 11 stocks right now to reap the strongest possible market-beating returns over the next 3 months</a>Since Icahn liquidated his position, Hertz has skyrocketed more than 400%.Robinhood traders: 2. Veteran billionaire investors: 0.Last up is Druckenmiller, <keyword id="276821" type="PERSON" weightage="60" keywordseo="David-Tepper">David Tepper</keyword>, and Chamath Palihapitiya.In mid-May, the trio said in individual interviews with CNBC and the Economic Club of New York that stocks were too high. <a href="https://markets.businessinsider.com/news/stocks/stanley-druckenmiller-says-stock-market-overvalued-fed-cant-protect-economy-2020-5-1029197205?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest">Druckenmiller called</a> the market set-up at the time one of the worst risk-reward profiles he'd ever seen. <a href="https://markets.businessinsider.com/news/stocks/david-tepper-stock-market-overvalued-billionaire-investor-calls-valuation-appaloosa-2020-5-1029198918?utm_source=markets&amp;utm_medium=ingestgest">Tepper called</a> the stock market the second most overvalued in history. And <a href="https://markets.businessinsider.com/news/stocks/chamath-palihapitiya-says-economy-is-divorced-stock-market-fed-warning-2020-5-1029193570">Palihapitiya said</a> the <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> were "too damn high."But retail traders continued to pile into the market. <a href="https://robintrack.net/symbol/SPY">According to data from Robintrack</a>, more than 12,000 Robinhood accounts bought the <a href="https://markets.businessinsider.com/etfs/spdr-sp-500-etf-trust-us78462f1030">SPDR S&amp;P 500 ETF</a> since the investors' comments in mid-May, bringing the total to nearly 100,000.Read more: <a href="https://www.businessinsider.com/esg-investing-strategy-stock-picks-growth-fund-manager-karina-funk-2020-6" target="_blank" rel="noopener">An environmentally conscious fund manager with a 5-year winning streak against the competition lays out how she's uncovering surprising growth, and her top 3 strategies for the future</a>Since then, the S&amp;P 500 index has rallied 15%, and <a href="https://markets.businessinsider.com/news/stocks/druckenmiller-humbled-markets-missing-historic-stock-rally-coronavirus-returns-tech-2020-6-1029289172">Druckenmiller said on Monday</a> that he'd been "humbled" by the recent rally in the stock market.Robinhood traders: 3. Veteran billionaire investors: 0.While retail traders have been on the winning side of trades against billionaire investors in the short term, what happens in the long term is still up in the air.<a href="https://www.businessinsider.com/economy-biggest-threat-second-wave-coronavirus-infections-us-covid19-survey-2020-6">Economists have said</a> that a second wave of COVID-19 infections poses the biggest threat to the US economy this year. If a second wave does in fact hit the US, retail traders would be wise to book some profits after such a strong and quick rally.Read more: <a href="https://www.businessinsider.com/stock-market-investing-strategy-for-coroanvirus-recession-recovery-morgan-stanley-2020-6" target="_blank" rel="noopener">MORGAN STANLEY: The stock market is entering a new phase of a playbook that's thrived in past recessions. Here's how to tweak your portfolio to take advantage.</a>

Robinhood traders are betting against veteran billionaire investors like Warren Buffett and Carl Icahn — and they're winning

<ul><li>The US Global <keyword id="6520046" type="UNKNOWN" weightage="60" keywordseo="jets">Jets</keyword> exchange-traded fund, ticker <a href="https://markets.businessinsider.com/etfs/us-global-jets-etf-us26922a8421">JETS</a>, notched its 64th day of inflows Tuesday, bringing total assets to more than $1 billion, <a href="https://www.bloomberg.com/news/articles/2020-06-03/-bored-millennials-boost-airline-etf-to-1-billion-in-assets?sref=Zwwm81xn">according to Bloomberg data</a>.</li><li>That's a surge of nearly 3,000% in just three months — in early March, the fund had only $33 million. </li><li>The boost has been led largely by <keyword id="1970484" type="COMPANY" weightage="60" keywordseo="millennial">millennial</keyword> day traders looking to cash in on assets hit hard by the <keyword id="8829783" type="UNKNOWN" weightage="60" keywordseo="coronavirus-pandemic">coronavirus pandemic</keyword>, Bloomberg <a href="https://www.bloomberg.com/news/articles/2020-06-03/-bored-millennials-boost-airline-etf-to-1-billion-in-assets?sref=Zwwm81xn">reported Wednesday.</a></li><li><a href="https://www.businessinsider.com/">Read more on Business Insider. </a></li></ul>Day traders have piled into an obscure airline exchange-traded fund, boosting its total assets in the last three months as the <keyword id="1754604" type="PERSON" weightage="60" keywordseo="coronavirus">coronavirus</keyword> pandemic slammed <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>. The US Global Jets <keyword id="6357062" type="DEFINITION" weightage="60" keywordseo="ETF">ETF</keyword>, ticker <a href="https://markets.businessinsider.com/etfs/us-global-jets-etf-us26922a8421">JETS</a>, notched its 64th day of inflows Tuesday, bringing total assets to more than $1 billion, <a href="https://www.bloomberg.com/news/articles/2020-06-03/-bored-millennials-boost-airline-etf-to-1-billion-in-assets?sref=Zwwm81xn">according to Bloomberg data</a>. That's a surge of nearly 3,000% in just three months — in early March, the fund held only $33 million. The boost has been led largely by millennial day traders looking to cheaply buy assets hit hard by the coronavirus pandemic, Bloomberg <a href="https://www.bloomberg.com/news/articles/2020-06-03/-bored-millennials-boost-airline-etf-to-1-billion-in-assets?sref=Zwwm81xn">reported Wednesday.</a> The ETF's popularity on retail investing platforms has exploded — the number of Robinhood users holding JETS surged to 30,000 this week from 500 in early March, Bloomberg reported, citing data from Robintrack. Read more: <a href="https://www.businessinsider.com/how-to-invest-us-economy-reopening-market-strategy-from-glenmede-2020-6">A $41 billion wealth-management firm says the US economy is only 19% recovered from the pandemic — and lays out a winning investing strategy in the wake of a massive stock-market rally.</a>JETS's popularity comes even as seasoned investors exit airline positions. In early May, Warren Buffett announced that Berkshire Hathaway <a href="https://markets.businessinsider.com/news/stocks/big-4-airline-stocks-plunge-warren-buffett-berkshire-hathaway-sell-2020-5-1029160193">exited its position in airlines</a>, saying that the industry may not recover from the impact of the coronavirus pandemic. Since, JETS has had nearly $300 million in inflows, according to Bloomberg. Even despite the ETF's recent success, <a href="https://markets.businessinsider.com/etfs/us-global-jets-etf-us26922a8421">JETS</a> is down roughly 43% year-to-date, after suffering in the coronavirus-induced market meltdown earlier in the year. The fund's top holdings consist of the four major US airlines, and it will soon begin investing in Canadian carriers as well. <div type="image" title="Screen Shot 2020 06 04 at 9.55.44 AM" height="862" width="1118" msid="76199259" hostid="261"></div>

A once-obscure airline ETF has seen assets surge nearly 3,000% in 3 months, boosted by millennial day traders

<ul><li>USO — an <keyword id="6359072" type="UNKNOWN" weightage="60" keywordseo="oil">oil</keyword> exchange-traded fund that's wildly popular with traders — has been cut off from buying oil <keyword id="47029" type="COMPANY" weightage="60" keywordseo="futures">futures</keyword> contracts after a surge in volatility saw oil prices turn negative last month.</li><li>RBC Capital <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">Markets</keyword> has informed United States Commodity Funds, the operator of the USO <keyword id="6357062" type="DEFINITION" weightage="60" keywordseo="ETF">ETF</keyword>, that they may no longer hold positions in or buy oil futures contracts until further notice, according to a Thursday SEC filing made by the ETF. </li><li>As a result of RBC's actions, USO says it may hold larger amounts of treasuries and cash, "which will further impair USO's ability to meet its investment objective," according to the filing.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Read more on Business Insider</a>.</li></ul>Following unprecedented volatility in the oil markets, which <a href="https://markets.businessinsider.com/commodities/news/us-crude-oil-wti-falls-to-21-year-low-1029106364">briefly caused oil prices to turn negative last month,</a> a wildly popular trading ETF has been barred by its broker from buying or holding oil futures contracts. That will limit its ability to meet its investment objective, <a href="https://www.sec.gov/Archives/edgar/data/1327068/000117120020000357/i20342_uso-s3a4.htm">according to an SEC filing submitted on Thursday.</a><a href="https://markets.businessinsider.com/etfs/united-states-oil-fund-lp-us91232n2071">USO, an ETF</a> owned and operated by United States Commodity Funds, was informed by its only Futures Commission Merchants, RBC Capital Markets, that it is prohibited from holding or buying oil futures contracts until further notice. According to the filing, "RBC has indicated that such limitation on USO is a result of RBC's own internal risk management requirements and directions it has received from other regulators in the United States, Canada, and the United Kingdom."In the mean time, USO has been looking to enter additional FCM agreements so it can resume purchasing oil futures contracts, but has yet to enter an agreement.The restrictions from RBC are impairing USO's ability to meet its investment objective.Read more: <a href="https://www.businessinsider.com/3-part-investing-strategy-framework-blackrock-rick-rieder-2020-5?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">'It works for anything I look at': BlackRock's bond chief who oversees $2.3 trillion shares the 'really simple' 3-part framework that guides every investment decision he makes - and outlines 2 factors he looks for in a company</a>"[USO] may be required to invest in other permitted investments including other oil-related interests and may hold larger amounts of Treasuries, cash and cash equivalents, which will further impair USO's ability to meet its investment objective," the filing said.USO's investment objective is to track a benchmark of short-term oil futures contracts that closely reflect the spot price of crude oil.The USO ETF is "still trading and able to rebalance and roll its portfolio," United States Commodity Funds CEO John Love said, <a href="https://www.ft.com/content/87f1e819-e041-4bc6-a57c-dfbbb8709f7d">according to FT.</a>USO has seen an explosion in popularity among traders.Data from Robintrack.net shows that the number of Robinhood accounts that own the USO ETF surged more than 2000%, from ~8,000 in early February to more than 170,000 today.Despite being down -75% year-to-date, assets under management in USO have more than quadrupled from $1 billion in early 2020 to $4.6 billion today, according to data from YCharts.Read more: <a href="https://www.businessinsider.com/coronavirus-crisis-investing-strategy-one-signal-driven-gains-michael-gayed-2020-5" target="_blank" rel="noopener">Michael Gayed's fund relied on just one market signal to book a huge profit when the coronavirus crushed stocks — and his returns are still soaring. He breaks down his simple approach to crisis investing.</a><div type="image" title="USO Oil ETF.JPG" height="702" width="945" msid="75904045" hostid="261"></div>Read the original article on <a href="https://www.businessinsider.com/popular-etf-uso-cut-off-by-broker-from-buying-futures-2020-5">Business Insider</a>

A wildly popular oil ETF has been cut off by its broker from buying futures, limiting its ability to meet its investment objective

<ul><li>Warren Buffett revealed over the weekend that Berkshire Hathaway had liquidated its entire stake in the airline <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword>, saying, "Our <keyword id="44023" type="ORGANIZATION" weightage="60" keywordseo="airlines">airlines</keyword> position was a mistake."</li><li>Investors are betting against Warren Buffett, as evidenced by a 1,600% increase in fund flows into the US Global Jets exchange-traded fund.</li><li>The move comes as the airline <keyword id="6357062" type="DEFINITION" weightage="60" keywordseo="ETF">ETF</keyword> JETS has experienced a 60% decline in value since the coronavirus outbreak reduced air traffic travel by more than 90%.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurlutm_campaign=bodyurl" target="_blank" rel="noopener">Visit Business Insider's homepage for more stories</a>.</li></ul>As Warren Buffett was selling <a href="https://markets.businessinsider.com/stocks/brk-b-stock">Berkshire Hathaway's</a> airline positions, investors were buying them, taking the opposite side of Buffett's bet <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sold-airline-stocks-april-2020-5-1029156875?utm_source=markets&amp;utm_medium=ingestgest">that he revealed</a> at Berkshire Hathaway's annual meeting on Saturday. "Our airlines position was a mistake," Buffett said. But where Buffett sees a mistake, many investors are eyeing an opportunity. The <a href="https://markets.businessinsider.com/etfs/us-global-jets-etf">US Global JETS exchange-traded fund</a> has seen a surge in assets under management ever since the coronavirus pandemic caused a massive sell-off in airline stocks.JETS saw its assets increase to as high as $615.8 million on April 30, from $34.6 million on March 3, representing an increase of more than 1,600%, according to data from YCharts.The surge in assets represents a windfall of more than $3.5 million in annual revenue for the ETF's issuer, US Global Investors, based on the ETF's 0.60% expense ratio and assuming the ETF maintains assets of at least $600 million.For a perspective of just how massive the fund flows into the JETS ETF are, here is a visualization of one-year fund flows for the ETF.Read more: <a href="https://www.businessinsider.com/stock-picks-acquisition-targets-for-private-equity-coronavirus-crisis-btig-2020-5?utm_source=markets&amp;utm_medium=ingestutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurlcampaign=bodyurl" target="_blank" rel="noopener">These 22 well-known companies have a rare opportunity to soon get acquired due to the coronavirus crisis, BTIG says</a><div type="image" title="JETS Fund Flows.JPG" height="499" width="1105" msid="75586010" hostid="261"></div>Over the past year, prior to the coronavirus outbreak, JETS had seen only one day of net inflows.One. Day.The top four holdings in JETS are <a href="https://markets.businessinsider.com/stocks/luv-stock">Southwest Airlines</a>, <a href="https://markets.businessinsider.com/stocks/aal-stock">American Airlines</a>, <a href="https://markets.businessinsider.com/stocks/dal-stock">Delta Air Lines</a>, and <a href="https://markets.businessinsider.com/stocks/ual-stock">United Airlines</a>, each representing 11.4%, 11.0%, 9.4%, and 9.1% of the ETF, respectively.What separates the explosion in fund flows into the JETS ETF from other ETF themes that have experienced similar assets grabs in the past is the direction the ETF price is moving.Popular theme ETFs, like <a href="https://markets.businessinsider.com/etfs/etfmg-prime-cyber-security-etf">cyber security ETF HACK</a> and <a href="https://markets.businessinsider.com/etfs/robo-global-robotics-and-automation-index-etf">robotic and automation ETF ROBO</a>, usually see their spike in asset flows occur when the underlying securities of the ETF are rising in price and investors want to participate in the rally.JETS bucks that trend. The ETF is down 60% since its assets have increased more than 17-fold, an indication that investors are betting on a recovery in the airline industry.Additionally, JETS is seeing higher and more intense fund flows than many previous theme ETFs that were at the right place at the right time and experienced a surge in assets under management.Bloomberg senior ETF analyst Eric Balchunas <a href="https://twitter.com/EricBalchunas/status/1258013858586857478?s=20">said in a tweet</a> on Wednesday, "I went back and compared the intensity and amount of inflows of $JETS to $HACK, $ROBO and $MJ, three theme ETFs that caught fire back in day and none of them put down numbers like $JETS, even during their best runs."The fund flow into JETS is consistent with data from Robintrack, a service that tracks the number of Robinhood accounts that own a particular stock or ETF.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-buffett-inspired-coronavirus-investing-strategy-2020-4?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">Experts at Boyar Research lay out the Warren Buffett-inspired investing approach that's helped them crush the market over 7 years - and offer 4 stock picks for a coronavirus-battered market</a>For the JETS ETF, there was a surge in ownership among Robinhood accounts. <div type="image" title="Robintrack JETS.JPG" height="702" width="1845" msid="75586014" hostid="261"></div>On March 3, just 386 Robinhood accounts owned JETS. Today, more than 20,000 do, representing an increase of more than 5,000%. This investor behavior is similar to what's been observed in the ETF USO, which also <a href="https://markets.businessinsider.com/commodities/news/oil-etf-price-plunged-single-digits-retail-investors-rushed-buy-2020-4-1029127108">saw an increase in Robinhood account ownership as its price plummeted</a>.It remains to be seen whether Warren Buffett selling his airlines position or the investors piling into airline stocks will be right, but some are already taking sides.Balchunas finished <a href="https://twitter.com/EricBalchunas/status/1258012764158734337?s=20">his tweet thread</a> by saying, "Many mocked the RH crowd yesterday (as usual) for being bag holders, but it ain't over. tbh, while I love Buffett, I'm rooting for them to get the win here."The JETS ETF was down as much as 3.7% to $12.62 in Wednesday afternoon trading.Read the original article on <a href="https://www.businessinsider.com/airline-stocks-etf-investors-bet-against-warren-buffett-assets-surge-2020-5">Business Insider</a>

Investors bet against Warren Buffett as airline ETF sees 1600% surge in fund flows

<ul><li>When popular <keyword id="6359072" type="UNKNOWN" weightage="60" keywordseo="oil">oil</keyword> <keyword id="6357062" type="DEFINITION" weightage="60" keywordseo="ETF">ETF</keyword> <keyword id="221628" type="ORGANIZATION" weightage="60" keywordseo="USO">USO</keyword> plunged to single digits as oil prices turned negative earlier this week, retail investors piled into the ETF, trying to catch the bottom.</li><li>Over the course of six weeks, data from Robintrack.net shows a 2,050% increase in <keyword id="1268253" type="PERSON" weightage="60" keywordseo="Robinhood">Robinhood</keyword> accounts that own the ETF. During that same time, USO plunged 70%.</li><li>On the other side of the trade were the shorts, who've reaped more than $300 million in gains amid the oil carnage.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">Visit Business Insider's homepage for more stories</a>.</li></ul>Since the start of an oil price war between Russia and OPEC began in early March, retail investors piled into popular <a href="https://markets.businessinsider.com/etfs/united-states-oil-fund-lp?utm_source=markets&amp;utm_medium=ingestgest">oil ETF USO</a>, trying to catch the bottom and make a profit. Data from Robintrack.net, a website that tracks how many Robinhood accounts own a particular stock, shows a 2,050% increase in Robinhood accounts that own USO over the past six weeks.On March 9, when USO was <keyword id="6368158" type="UNKNOWN" weightage="60" keywordseo="trading">trading</keyword> at $8.73, there were 8,677 accounts that owned the oil ETF. Fast forward to April 23, and there were 186,573 Robinhood accounts invested in the ETF. Over that same time period, USO has fallen 70%.<div type="image" title="USO Robintrack.PNG" height="718" width="1889" msid="75354446" hostid="261"></div>During that six-week period, <a href="https://markets.businessinsider.com/commodities/news/us-crude-oil-wti-falls-to-21-year-low-1029106364?utm_source=markets&amp;utm_medium=ingestgest">oil prices went negative</a> for the first time ever, <a href="https://markets.businessinsider.com/commodities/news/oil-etf-uso-reduce-share-count-boost-price-reverse-split-2020-4-1029119210">USO announced an 8-1 reverse split</a>, and <a href="https://markets.businessinsider.com/commodities/news/oil-price-opec-considering-production-cuts-soon-schedule-possible-negative-2020-4-1029112431">OPEC began to consider steep oil production cuts</a> to stop the plunge in prices.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-buffett-inspired-coronavirus-investing-strategy-2020-4?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Experts at Boyar Research lay out the Warren Buffett-inspired investing approach that's helped them crush the market over 7 years - and offer 4 stock picks for a coronavirus-battered market</a>On the opposite side of the long USO trade were the shorts, who reaped almost $300 million in profits since the plunge in oil prices began.The situation recalls a popular investing phrase: Don't try to catch a falling knife.Read the original article on <a href="https://www.businessinsider.com/oil-etf-price-plunged-single-digits-retail-investors-rushed-buy-2020-4">Business Insider</a>

As popular oil ETF plunged to single digits, retail investors rushed to buy the dip

<ul class="summary-list"><li><keyword id="6355315" type="UNKNOWN" weightage="60" keywordseo="elon-musk">Elon Musk</keyword> became the fifth-richest person in the world on Monday, according to Forbes. His <keyword id="6360278" type="DEFINITION" weightage="60" keywordseo="Net-Worth">net worth</keyword> is valued at over $74 billion.</li><li>The majority of Musk's wealth is tied to shares in his companies, <keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword> and <keyword id="6360701" type="DEFINITION" weightage="60" keywordseo="spacex">SpaceX</keyword>.</li><li>Despite factory closures due to COVID-19, Tesla's value has increased by $200 billion since March, vaulting Musk up various indexes of the world's most wealthy individuals.</li></ul>Elon Musk's net worth skyrocketed past the $74 billion mark on Monday afternoon, making him the fifth <keyword id="42159" type="PERSON" weightage="60" keywordseo="Richest">richest</keyword> person in the world, <a href="https://www.forbes.com/sites/tommybeer/2020/07/20/elon-musk-now-among-the-five-richest-in-the-world/#77a9e7ef403e">according to Forbes</a>. In mid-March, Musk was worth almost $25 billion and was ranked the 31st-richest person by <a href="https://www.forbes.com/billionaires/">Forbes</a>. Since then, his net worth has nearly tripled, and he has vaulted up the list, passing Warren Buffet, Phil Knight, and Michael Bloomberg on the way. The majority of Musk's wealth is tied to shares in his companies, Tesla and SpaceX. Tesla's value has increased by $200 billion since March, frequently hitting record highs after delivering stronger-than-expected vehicle delivery numbers. A smaller fraction of his wealth — about $100 million — is tied up in real estate. But that's likely to change. In May, Musk announced that he planned to sell all of his worldly possessions, and listed nearly $40 million of property.Like many automakers, Tesla has had a tumultuous few months as Americans increasingly stayed inside during shelter-in-place guidelines. Since March, the company's only US car factory faced shutdowns due to the coronavirus. Musk said that stopping production at the factory, based in Fremont, California, posed a "serious risk" to business, and went on to sue the local county over its shelter-in-place orders and reopen in spite of them.Despite these hurdles, Tesla went on to deliver 90,650 vehicles to customers in Q2, topping Wall Street predictions by <a href="https://www.businessinsider.com/tesla-q2-2020-sales-top-wall-street-expectations-stock-climbs-2020-7">20,000 vehicles</a>.In addition, Tesla's stock has been boosted by speculation that the company could be added to the S&amp;P 500 after <a href="https://www.businessinsider.com/tesla-q2-earnings-preview-profit-china-coronavirus-demand-2020-7">Wednesday's Q2 earnings report</a>. Tesla also announced that it will be presenting new battery technology at a "Battery Day" in September.Still, Tesla's meteoric stock price has perplexed analysts — and even Musk himself, who sent the stock tumbling after tweeting out that he felt it was overvalued.Tesla's car output pales in comparison to its peers like Ford, GM, and Fiat-Chrysler, yet <a href="https://www.businessinsider.com/tesla-stock-value-compared-ford-gm-fca-car-production-charts-2020-7">its market cap still dominates</a> the legacy automakers. Tesla is now worth nearly $300 billion compared to Ford's $26 billion, General Motors' $38 billion, and Fiat-Chrysler's $16 billion.Enthusiasm from young investors and day traders have made it a popular stock. Tesla is the 8th-most traded stock on Robinhood, according to trade-tracking website <a href="https://robintrack.net/leaderboard">Robintrack</a>. On some days, Tesla trading can be frenzied. Last week, <a href="https://markets.businessinsider.com/news/stocks/tesla-stock-added-robinhood-day-traders-buy-hours-monday-whipsaw-2020-7-1029393636">40,000 Robinhood users added Tesla shares</a> during a four hour period, according to a <a href="https://www.bloomberg.com/news/articles/2020-07-13/ten-thousand-day-traders-an-hour-pour-into-tesla">Bloomberg analysis</a> of Robintrack data.Another of Musk's ventures, SpaceX, has also enjoyed positive publicity following the launch of the Crew Dragon spacecraft, which made Bob Behnken and Doug Hurley the first NASA astronauts to fly on a commercial rocket to the International Space Station. The space technology company is worth nearly $36 billion, according to Pitchbook data.Despite recent gains, Musk's wealth is still dwarfed by four men: Jeff Bezos, Bernald Arnault of LVMH, Bill Gates, and Mark Zuckerberg. Yet, Tesla's fortunes, as well as Musk's, may change soon. Its second-quarter earnings report is scheduled for Wednesday after the market close. The earnings could propel the stock — and Musk's net worth — even higher, or reverse the big gains from recent weeks.

You Searched For "robintrack" and got 7 results

Day traders are piling into Hertz, JCPenney, and other bankruptcy stocks despite the massive risks

Theron Mohamed

Robinhood traders are betting against veteran billionaire investors like Warren Buffett and Carl Icahn — and they're winning

Matthew Fox

A once-obscure airline ETF has seen assets surge nearly 3,000% in 3 months, boosted by millennial day traders

Carmen Reinicke

A wildly popular oil ETF has been cut off by its broker from buying futures, limiting its ability to meet its investment objective

Matthew Fox

Investors bet against Warren Buffett as airline ETF sees 1600% surge in fund flows

Matthew Fox

As popular oil ETF plunged to single digits, retail investors rushed to buy the dip

Matthew Fox

Elon Musk is the 5th-wealthiest person in the world, according to Forbes

Isabella Jibilian

Popular Keywords

Buying Guides