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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
Home / Markets / Industries / Technology
Wednesday, July 16, 2008
Alliance Data Second-quarter Net Income Rises
Sue Chang
MarketWatch Pulse
SAN FRANCISCO -- Alliance Data Systems Corp. late Wednesday reported its second-quarter net income rose to $46.9 million, or 60 cents a share, from $44.1 million, or 55 cents a share, a year earlier. Earnings from continuing operations were 79 cents a share. Revenue increased to $507.2 million from $481.8 million from a year ago, the Dallas-based transaction processor said. Analysts had forecast earnings of 89 cents a share on revenue of $522.6 million, according to a survey by FactSet Research. The company expects third-quarter earnings of $1.15 and raised its earnings outlook for 2008 to $4.35 a share from its original guidance of $4.30 a share. Wall Street is projecting third-quarter earnings of $1.01 a share and $4.01 a share in 2008.
Copyright © 2008 MarketWatch, Inc.
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