Vanguard Industrials ETF
Latest Vanguard Industrials ETF News and Updates

How Post-Brexit Trade Deals Impact US Multinationals in Europe
If the United Kingdom doesn’t strike a deal with EU, tariffs on industrial goods and services would range between 0% and 16%, depending on the nature of the products.
Why the Dallas Fed report shows manufacturing continues to recover
The Dallas Fed conducts a monthly survey of manufacturers in Texas regarding their operations in the state to come out with the production index and the business activity index.
Can manufacturing activity in the northeast increase the pace?
The Philadelphia Fed will release the results of its Business Outlook Survey for June, on Thursday, June 19.
Stay tuned for this must-know manufacturing report this week
Since the manufacturing sector is a major source of cyclical variability in the economy, this report has a big influence on markets.

What the Advisory Board’s Health Business Expects from Technology Sales
In 1Q17, the Advisory Board earned a major part of its healthcare business revenues from consultancy services, but it expects to see higher demand for health tech.
Must-know: Why did firms report a sharp spike in wages in May?
Manufacturing growth appears to be steady in the Fifth District. Although new orders declined sharply month-on-month, firms remained upbeat for business prospects.

How to Invest Like Jeff Bezos: The Top Three Sectors to Watch
Jeff Bezos’s primary focus remains his role as the CEO of Amazon, but he’s made investments in many other industries and companies.
A guide to purchasing managers’ indexes for ETF investors
As we’ve seen in this series, there are three major Purchasing Managers Index (or PMI) reports issued in the U.S.
Overview: Chicago Fed’s National Activity Index report, May, 2014
Unlike the regional manufacturing surveys conducted by the Federal Reserve Banks of other districts, the CFNAI is a nation-wide measure.
Why durable goods trends affect key wholesale trade releases
The Monthly Wholesale Trade Survey gives you nationwide estimates of monthly sales, end-of-month inventories, and inventories-to-sales ratios by businesses for wholesale firms.

Why the bond market is affected by the Industrial Production Index
Although the industrial sector accounts for less than 20% of GDP, it creates much of the cyclical variability in the economy.
Why do key purchasing managers’ index readings move markets?
In this series, we’ll focus on the manufacturing PMI issued by three major institutions, measuring manufacturing activity in the U.S.

Are New Tax Rules Helping Capex Spending by Industries?
As per the latest Conference Board LEI report, the core capital goods orders for April were valued at $39.1 billion as compared to the downward revised March reading of $39.0 billion.

What Led to the Decline of the ISM New Orders Index in April?
The ISM New Order Index for April was reported at 61.2, which represented the fourth consecutive monthly decline for the index.

Honeywell’s Aerospace Revenue Flies High
Honeywell International’s (HON) Aerospace segment is the company’s most significant revenue contributor.

Why US Manufacturing Activity Fell in March
The manufacturing sector continues to expand despite the minor drop recorded in March.

Deere’s Stock Performance in 2018
In 2018, Deere’s (DE) stock performance has been muted.

Berkshire’s Manufacturing Could Gain Traction
Manufacturing growth Berkshire Hathaway’s (BRK.B) manufacturing investments have reaped benefits over the past few quarters, backed by portfolio additions Duracell and Precision Castparts. The division has continued to strengthen and will likely benefit from reforms such as tax rate cuts. Players in the manufacturing space will likely garner larger market share, at least in the interim, due to cost competitiveness. In 4Q17, the […]

How the Recent Tax Cuts Could Affect Industries’ Investments
Non-defense capital goods drop in November Non-defense capital goods orders exclude aircraft and defense purchases. The US Census Bureau releases a monthly report that tracks new orders for machinery, tools, and equipment for US industries. Defense and aircraft (ITA) orders are excluded from this report because they are usually large and distort the monthly reading. […]

Analyzing the Institute of Supply Management’s New Orders Index
The Institute of Supply Management’s New Orders Index The ISM’s (Institute of Supply Management) New Orders Index is a monthly report on changes in new orders, supplier deliveries, inventories, production, and employment. New orders are a measure of future activity in any industry (VIS), as companies’ production depends on incoming orders. The ISM’s New Orders […]

Strength of the Manufacturing Sector: Purchasing Managers’ Index
This has been one of the best years since 2004 for manufacturing activity, viewed through the Purchasing Managers’ Index (or PMI).

Manufacturing Could Be Main Driver for Berkshire in 2018
Berkshire (BRK.B) has expanded its manufacturing portfolio with the addition of Duracell, Precision CastParts, and a stake in Apple (AAPL).

The Only Negative Component of the Conference Board Index
According to the November Conference board LEI, the core capital goods orders for October totaled ~$38.4 billion, compared to a revised September reading of ~$38.7 billion.

The Conference Board Leading Economic Index and Why We Track It
The October 2017 reading for the Conference Board LEI was released on November 20. The LEI rose 2.9% in the six-month period ended in October 2017.

What Caused the Fall in Manufacturing Activity in October?
The US Manufacturing PMI (purchasing managers’ index) for the month of October fell to 58.7, compared with 60.8 in September.

More Positive News about New Orders
According to the October Conference Board LEI, core capital goods orders for September were valued at $37.85 billion compared to a revised reading of $38.0 billion in August.

Industries’ New Orders Fall for the First Time in 6 Months
Non-defense capital goods data Data on core capital goods orders, which exclude aircraft and defense purchases, is released by the US Census Bureau monthly. Investments in machinery, tools, and equipment by industries require capital outlay, and companies make them only when there is an expectation of increased demand. All new orders, shipped goods, and company inventories […]

This Industry’s New Orders Have Grown in 6 of the Last 7 Months
Nondefense capital goods increase three months in a row Nondefense capital goods exclude aircraft and core capital goods. The census bureau releases a monthly report that includes data on core capital goods. All machinery, equipment, and tools used by industries requiring large capital investments are collectively known as core capital goods. The durable goods order […]

How 3M Company’s Acquisition Strategy Has Changed
3M Company’s (MMM) acquisition strategy for the last ten years can be classified as “BI” (before Inge) and “AI” (after Inge).

What Are the Financial Objectives of 3M Company’s 5-Year Plan?
In February 2016, 3M Company (MMM) set financial objectives for the five-year period from 2016 to 2020 that were slightly below its previous expectations.

What Strategy Is 3M Company Using to Increase Cost Savings?
Realizing that its capital structure was sub-optimal and was leading to a high cost of capital, 3M Company started adding leverage.

How Good Is the Quality of 3M Company’s Earnings?
3M Company’s (MMM) accruals ratios using the balance sheet and the cash flow methods rose considerably in 2015.

3M Consumer Products: Your Everyday Kitchen and Office Companions
3M Company’s (MMM) Consumer Solutions segment is made up of four diverse businesses, which garnered a combined annual revenue of $4.4 billion in 2015.

Why 3M Industrials Is a Conglomerate in Itself
The Industrial segment is 3M Company’s (MMM) largest segment. It accounted for 32%–34% of the company’s total annual revenue in the 2011–2015 period.

What Strengths Differentiate 3M Company from the Competition?
3M Company is generating a massive 30%–32% of its annual revenue from products it’s introduced in the last five years.

Essentials of the SaaS Business Model in Honeywell’s ACS Unit
Honeywell’s ACS unit uses the software-as-a-service (or SaaS) business model. In the SaaS model, software is licensed on a subscription basis to users.

UPS: How the World’s Largest Package Delivery Service Began
United Parcel Service (UPS), originally called American Messenger Company, was founded in 1907 by 19-year-old James E. Casey with $100 borrowed from a friend.

Is Raytheon an Attractive Investment Option?
An investment in Raytheon stock would have generated about 94% returns in the past five years. This is just slightly more than the 88% returns from the S&P Index.
ADP jobs report: Why large firms added the least number of jobs
The ADP-NER for the month of May, released on Wednesday, June 4.
The ADP jobs report: A must-know guide for ETF investors
The ADP National Employment Report (also popularly known as “the ADP Jobs Report” or “ADP Employment Report”) is a monthly report summarizing the employment situation.
Why courage fights unemployment: Fed Chair Janet Yellen explains
Yellen highlighted the fact that according to research, employers are less willing to hire the long-term unemployed and often prefer other job candidates.