NasdaqGM - Nasdaq Real Time Price ? USD Intelligent Livermore ETF (LIVR) Follow 26.09 +0.03 (+0.12%) At close: 4:00 PM EDT 25.78 -0.31 (-1.19%) After hours: 4:39 PM EDT All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Nike CEO's retirement, AI-powered ETF: Asking for a Trend On today's episode of Asking for a Trend, Host Josh Lipton breaks down some of the biggest stories from the trading day. A big C-suite shake-up is coming to Nike (NKE) as CEO John Donahoe announced his retirement. He will be replaced by former Nike executive Elliott Hill, effective October 14. Bernstein senior analyst Aneesha Sherman likes the move, arguing it's good news for the stock for two reasons: Hill will be the new CEO and the announcement's timing. She notes that Hill has a long history at Nike, especially with the product, and appears to be well-liked at the company. "This is not only the right skill set in terms of understanding product and understanding Nike. I think he will be the right leader in terms of communication and vision because he's already very well known and liked within the organization," Sherman tells Yahoo Finance. Intelligent Alpha founder and CEO Doug Clinton joins the show to break down the investment firm’s new artificial intelligence-powered exchange-traded fund (ETF), Intelligent Livermore (LIVR), and how AI could transform trading. “We have created an investment committee built on AI [with] three different large language AI models: GPT, Claude, and Gemini. They analyze data and a philosophy that we give those committee members, and then they create a portfolio of stocks that reflect whatever portfolio or exposure we want the AI to create for us,” Clinton explains. Intelligent Alpha launched its AI-powered ETF Wednesday on the Nasdaq, and says that it is currently exposed to major investing themes like AI through names like Meta (META), as well as global markets like Asia and Latin America. TikTok was in court earlier this week making its case against the so-called "ban bill" which would require its Chinese parent company ByteDance to divest from the social video app or risk a nationwide ban. Project Liberty Founder Frank McCourt is hoping to acquire the company. "I think it's pretty clear to everyone now that the Chinese Communist Party controls TikTok and that they're holding the information on 170 million Americans, is not a good thing. It's a real threat. And of course, the ability to manipulate 170 million Americans is even more of a threat." If McCourt were to acquire TikTok, he would plan to migrate the platform's users to a "new protocol where each individual would control their identity and their data." He emphasizes that he is not interested in the algorithm, saying, "We don't need it, and we don't want it." This post was written by Melanie Riehl Yahoo Finance Video ? 26 days ago ^DJI META ^GSPC AI powers this ETF. Here's how it works Intelligent Alpha founder and CEO Doug Clinton joins Josh Lipton on Asking for a Trend to break down the investment firm’s new artificial intelligence-powered exchange-traded fund (ETF), Intelligent Livermore (LIVR), and how AI could transform trading. “We have created an investment committee built on AI [with] three different large language AI models: GPT, Claude, and Gemini. They analyze data and a philosophy that we give those committee members, and then they create a portfolio of stocks that reflect whatever portfolio or exposure we want the AI to create for us,” Clinton explains to the Asking for a Trend team. Intelligent Alpha launched its AI-powered ETF Wednesday on the Nasdaq. Clinton says the ETF “basically analyzes some of the world's greatest investors and traders" and then "constructs a portfolio that reflects those views." Clinton tells Yahoo Finance that the ETF is currently exposed to major investing themes like AI through names like Meta Platforms (META), as well as global markets like Asia and Latin America. The AI-powered fund also has some defensive exposure with sectors like healthcare and consumer staples. “There are also what I think are more contrarian names like Pinduoduo (PDD)... [which] was down 30% a month ago and there's kind of an alternative bet there. They think that stock might bounce back,” Clinton says. While the AI tech responds to prompts to determine which equities to add to the ETF, Clinton clarifies that “a human analyst will review the portfolio to make sure there's no hallucinations that just don't make any sense.” For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Naomi Buchanan. Yahoo Finance Video ? 26 days ago LIVR +0.12% AI ETF That Aims to Invest Like Buffett Picks META, NVDA Intelligent Alpha's LIVR ETF is programmed to invest like financial legends. etf.com ? 26 days ago LIVR +0.12% CHAT +1.26% AIQ +0.32% Performance Overview Trailing returns as of 10/15/2024. Category is Large Growth. Return LIVR Category YTD 0.00% +21.92% 1-Year 0.00% +38.83% 3-Year 0.00% +7.39%
