DIP ETF

GOTHENBURG, Sweden , Dec. 22, 2024 /PRNewswire/ -- Zinzino has in a press release dated 20240617 announced that a letter of intent to acquire 100% of the shares in the North American direct selling company Zurvita Inc. "Zurvita or the Company" was signed. Since then, Zinzino has negotiated with the owners of Zurvita Inc. and instead concluded that the purchase of Zurvita's assets in a Chapter 11 proceeding for the Company is in Zinzino's best interest.

The U.S. closeout retailer will use the DIP loan during ongoing Chapter 11 bankruptcy proceedings The U.S. closeout retailer will use the DIP loan during ongoing Chapter 11 bankruptcy proceedings

Copper and base metals prices have plunged since reaching record highs in May 2024. Despite the recent decline, copper remains in a long-term bull market, leading nonferrous metals trading on the LME. The fundamentals for base metals remain bullish, but China's weak economy has impacted demand and inventories have increased.

Tesla depends on a high margin to fund its long-term growth plans. Rivian is set to break ground on its Georgia manufacturing facility early next year.

Investors piled into a leveraged exchange traded fund that bet on upside in Tesla's shares as the company's stock price sank following a weaker-than-expected earnings report.

VettaFi's vice chairman Tom Lydon discussed the BTD Capital ETF (DIP) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information, and analysis, visit VettaFi | ETF Trends.

The ProShares UltraPro Short QQQ (SQQQ) ETF has been in a strong bearish trend this year as America's technology stocks soared. The fund has plunged by over 65% this year while the TQQQ ETF stock has jumped by over 150%.

The first half of 2023 saw the narrowest breadth in history, with just 25% of stocks outperforming the S&P 500, according to Bank of America Global Research. The Invesco S&P 500 Top 50 ETF is considered a hold as Q3 ensues, with a high price-to-earnings ratio of 20.2 and net assets under management summing to $2.3 billion. XLG's valuation is not compelling despite strong earnings growth, and concentration is a key risk, with the top pair.