Wall Street is expecting a massive beat by United: Erin Gibbs.
Kaltbaum Capital Management president Gary Kaltbaum and Main Street Asset Management CFO Erin Gibbs provides insight on investing in the stock market on ‘Making Money.’
They’ve only been on Wall Street since July, but a debate is raging over single-stock exchange-traded funds.
The product offers inverse positions on single securities to traders, despite the worry of SEC Commissioner Caroline Crenshaw.
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"While I have expressed concern about leveraged and inverse ETFs before, I worry that these single-stock ETFs pose yet another, perhaps greater, risk for investors and the markets" due to the increased stock exposure and daily rebalance," she said in a July 11, SEC statement.
"In other words, investors’ returns over a longer period of time might be significantly lower than they would expect based on the performance of the underlying stock," she added.