The Amplify CEF High Income ETF (YYY) currently offers a high monthly distribution rate of 12.81%, attracting income-focused investors. However, its 10-year net asset value (NAV) total return is only 5.11% annualized, reflecting limited growth. The fund holds several leveraged credit-oriented assets, and with tight high-yield spreads, there is little margin for error if credit conditions worsen. Additionally, the ETF's underlying closed-end fund discount has narrowed, reducing valuation protection. Due to these risks, the ETF is rated a Sell for long-term total-return investors but may still appeal to those prioritizing high monthly cash flow.
Apple has acknowledged for the first time that antitrust regulatory challenges around its App Store are negatively impacting its services business, which generates over $100 billion in revenue. The company warned that alternative app distribution and...
Jaguar Uranium Corp. announced final assay results from its Huemul project in Argentina showing significant mineralization with copper up to 8.54%, uranium up to 2.27%, silver up to 708 g/t, and vanadium up to 1.27%. The sampling revealed a potential...
Swarmer, a SaaS company focused on autonomous drone software, aims to reach $40 million in revenue by 2028 while maintaining over 80% gross margins. Its flagship product, Trident OS, has proven its value with deployments in Ukraine, supporting recurr...
Bitcoin paused around $64,000 after a rally from $62,600, slipping 0.6% amid a broader market pullback driven by rising U.S. Treasury yields and oil prices, which rose to $94 per barrel after a U.S.-Iran ceasefire expired. The Federal Reserve's July ...
Jim Cramer highlighted the booming memory and storage sector, specifically predicting Micron Technology's stock could double again, provided there is no slowdown in AI data center demand. He argues this cycle is different due to strong long-term cust...
