DIA - SPDR Dow Jones Industrial Average ETF
| Previous Close | 272.32 |
| Open | 273.02 |
| Bid | 272.60 x 1100 |
| Ask | 272.75 x 1000 |
| Day's Range | 272.46 - 273.28 |
| 52 Week Range | 216.97 - 273.99 |
| Volume | 2,182,688 |
| Avg. Volume | 3,063,960 |
| Net Assets | 21.44B |
| NAV | 272.69 |
| PE Ratio (TTM) | N/A |
| Yield | 2.15% |
| YTD Return | 18.65% |
| Beta (3Y Monthly) | 0.98 |
| Expense Ratio (net) | 0.17% |
| Inception Date | 1998-01-13 |
- InvestorPlace
Stock Market Today: Don’t Get Me Started on the WeWork IPO
It was another good day in the stock market today, as equities pushed higher in Friday morning trade. It's not hard to see that bulls are getting tired though, as equities faded off their opening highs.The SPDR S&P 500 ETF (NYSEARCA:SPY) fell 0.1%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) rallied 0.1% and the PowerShares QQQ ETF (NASDAQ:QQQ) dropped 0.4%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe rebound in equities has been a continuous story line for investors over the past two weeks. And so have the disastrous developments of the WeWork IPO. What's Up With WeWork?WeWork is a real estate company that provides shared office spaces for startups and other businesses.The idea of WeWork is an excellent alternative to building and office leases, providing startups, potential clients and teams a rich collaborative environment. But that's not how investors are looking at it. In short, they don't trust WeWork.Earlier this year, SoftBank (OTCMKTS:SFTBY) threw money at WeWork, valuing the cash-burning entity at $47 billion after it invested $2 billion. Now? Reports of a continually lower IPO valuation keep circulating. The latest calls for a $10 billion IPO valuation -- a whopping 78% reduction from the valuation it garnered when SoftBank invested -- and that's after SoftBank said the company should shelve its IPO plans.It's just the latest example of another private-equity unicorn garnering a valuation way ahead of its skis and paying the piper in the public market. Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) paid the price right out the gate, and while it took some time, Slack (NYSE:WORK) is suffering too.Accord to WeWork's U.S. Securities and Exchange Commission Form S-1, the company reported sales of $436 million in 2016, $886 million in 2017 and $1.8 billion in 2018. That's pretty solid growth. However, operating losses have exploded. WeWork had operating losses of $396 million in 2016, $931.8 million in 2017 and $1.7 billion last year.In the first six month of 2019, WeWork has revenue of $1.5 billion and operating losses of $1.4 billion. How is this model sustainable? Further, its structure couldn't be more complicated. Have a look (again, from the S-1):Finally, co-founder and CEO Adam Neumann raises some red flags. For instance, by buying properties and then leasing them back to his own company. Or Neumann being a managing member of an LLC that owned the "We" trademark that then sold said trademark to WeWork when it rebranded as The We Company for a cool $5.9 million.I don't know Neumann personally -- obviously -- but what kind of founder-CEO does this type of stuff? There are 10 pages of disclosures on Neumann in the S-1, who has voting control via a three-class share structure. In June, three former executives launched a lawsuit against We ranging from sexual harassment to age discrimination.Lastly, We saw its lease obligations jump from $34 billion to $47 billion in the first six months of 2019. How's the company going to cover those obligations as its operating losses swell and without free cash flow? What's it going to do when -- not if -- a recession strikes, either in the U.S. or globally, or both?These are serious questions that need serious answers. I'm not trying to dog on We, but man, you do not see a pre-IPO show turn into a circus act with a near-80% haircut in valuation without there being some serious flaws.If this company ultimately goes public, be sure to do your due diligence. Movers in the Stock Market TodayOne IPO that's not disappointing investors -- like SmileDirectClub (NASDAQ:SDC) on Thursday -- is Cloudflare (NYSE:NET). Shares jumped 20% on the day, closing at $18. Despite pricing at $15 per share, well above its original $12-$14 range, shares still found a bevy of buyers on Friday.Apple (NASDAQ:AAPL) stock sank 1.9% on Friday, after enjoying strong gains for most of the week. Despite rallying after unveiling its new iPhone, streaming plans and other products on Tuesday, not everyone is on board.One Rosenblatt analyst sees lower demand for the iPhone 11 and argues that sales could disappoint. He has a "sell" rating and Street-low $150 price target. Another analyst from Goldman Sachs says that Apple's plan to offer one year of Apple TV+ for free when customers purchase certain new devices could have a "material negative impact."Finally, one last analyst take is on Disney (NYSE:DIS). Remember, Disney, Netflix (NASDAQ:NFLX) and Roku (NASDAQ:ROKU) all fell when Apple announced its new streaming product.However, analysts at Cowen noted that Disney's strength at the box office this year could make for a very difficult comp next year. To be honest, it's hard to argue that point, but Cowen must still be optimistic, maintaining a $154 price target.Next week we'll hear from the Federal Reserve. Not more than a few weeks ago, the market was pricing in a 100% probability of at least one rate cut. Even on Thursday, the odds stood at about an 89% probability of a rate cut and an 11% chance of no cut. On Friday, the odds of no cut jumped to 20.4%. Hmm.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long DIS and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Stock Market Today: Donat Get Me Started on the WeWork IPO appeared first on InvestorPlace.
- Zacks
Retail Sales & Imports/Exports Reflect Ongoing Trade War
August Retail Sales reached +0.4%, easily surpassing the +0.1% estimate. Imports fell to -0.5% and Exports were -0.6%.
- Market Realist
Gold Prices: Cramer and Citigroup at Odds about Upside
Gold has been benefiting from the US-China trade war. However, some observers, such as Jim Cramer and Citigroup, disagree on what's in store for gold.
- ETF Trends
U.S. Stock ETFs Jump on ECB Stimulus, China Trade Talk Hopes
U.S. markets and stock exchange traded funds rallied Thursday after the European Central Bank revealed its intent to support the Eurozone economy and positive developments on U.S.-China trade. On Thursday, ...
- InvestorPlace
Stock Market Today: Small Caps Are Back?
It was another positive day on Wall Street, with stocks closing near their highs on Wednesday. Again, small-cap stocks stole the show in the stock market today.All week, we've been pointing out the outperformance of the Russell 2000. That strength was on display as the iShares Russell 2000 ETF (NYSEARCA:IWM) closed higher by 2%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat easily outpaced the SPDR S&P 500 ETF (NYSEARCA:SPY) and the SPDR Dow Jones Industrial Average (NYSEARCA:DIA), which rallied 0.7% and 0.9%, respectively. It also topped the 0.9% rally in the PowerShares QQQ ETF (NASDAQ:QQQ).The IWM is now up almost 5% just this week, easily topping the roughly 50 basis appreciation in the S&P 500. The ETF has also seen a few strong days of accumulation, causing some to wonder whether small caps are set to start closing that gap.While the IWM may be coming into some possible resistance, continued momentum could kick-start a breakout. Movers in the Stock Market TodayShares of Apple (NASDAQ:AAPL) barreled to their highest level in about a year, rising 3.2% to $223.59. The move comes on a two-fold catalyst. First, the company introduced its new iPhone and other products set to launch over the next few weeks. Second, the stock was on the cusp of a big breakout, which is taking place now.If only Zscaler (NASDAQ:ZS) could say the same thing. Shares were down 20% on the day, despite the company beating on earnings and revenue expectations. However, the midpoint of management's full-year guidance came up short of consensus estimates for both revenue and earnings. * 10 Stocks to Sell in Market-Cursed September Restoration Hardware (NYSE:RH) initially opened lower, but then jumped 4.8% to new highs. The move comes after the company reported yet another beat-and-raise quarter.Side note: RH and IWM are two stocks on Wednesday's Top Stock Trades column.Dave & Buster's Entertainment (NASDAQ:PLAY) shares fell more than 4% after the company reported earnings. The company beat on earnings, reported in-line revenue and missed on comp store sales results.GameStop (NYSE:GME) took it on the chin, falling more than 10% after the company missed on earnings and revenue estimates, and provided worse-than-expected guidance. The only seemingly good news is that shares rallied hard off the lows and did not make new 52-week lows.Another retailer that's struggling? Forever 21, which is expected to file for bankruptcy as early as this weekend. Heard on the StreetCisco Systems (NASDAQ:CSCO) climbed 1.7% and is looking to reclaim $50 after it was initiated with an "outperform" rating and $60 price target from the analysts at Evercore ISI.Hilton Worldwide Holdings (NYSE:HLT) jumped about 1.7% on the day, closing at $95.21. The move came after Bernstein analysts initiated shares with an "outperform" rating and $108 price target. It implies almost 14% upside from Wednesday's close.Finally, shares of Callaway Golf (NYSE:ELY) were upgraded to "outperform" at Raymond James. The analysts are using a $21 price target, implying more than 10% upside from current levels. That's even after the stock's nearly 26% rally so far this year and 5.5% rally on Wednesday.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Stock Market Today: Small Caps Are Back? appeared first on InvestorPlace.
- ETF Trends
Tech Rally, Looser Monetary Policy Outlook Lift U.S. Stock ETFs
U.S. markets and stock ETFs climbed Wednesday as technology shares strengthened following Apple’s launch of its latest iPhones and as markets look to supportive central banks. On Wednesday, the Invesco ...
- Zacks
PPI Numbers Positive, but Lukewarm
A headline of +0.1% for August is roughly ahead of the breakeven analysts were expecting, and down from the unrevised +0.2% from July.
- Investopedia
Risk-On Sentiment Resumes
Small caps extended their sharp rally as large caps stagnated. Gold accelerated its pullback, and bond prices also tumbled.
- ETF Trends
Global Slowdown Fears Keep Pressure on U.S. Stock ETFs
Technology stocks were among the hardest hit areas of the market on Tuesday as the sector has come under pressure amid rising anxiety over the U.S.-China trade spate and speculation of a global recession, the Wall Street Journal reports. Weakness out of China weighed on sentiment. China producer prices fell last month at their sharpest rate in three years as the second largest economy in the world deals with a protracted trade war with the U.S., Reuters reports.
- InvestorPlace
Stock Market Today: Streaming Wars Are About to Get Real
Tuesday marked another interesting day in U.S. equities. Investors saw good, bad and ugly in the stock market today, with assets mixed for the second straight session. Worth noting in this case though, the stark differences weren't as notable as Monday's session.Again though, we saw small caps outperform via the iShares Russell 2000 ETF (NYSEARCA:IWM) as it rallied 1.24%, while tech lagged as the PowerShares QQQ ETF (NASDAQ:QQQ) fell 0.3%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSandwiched in between were the SPDR S&P 500 ETF (NYSEARCA:SPY) and SPDR Dow Jones Industrial Average (NYSEARCA:DIA), which were down 0.04% and up 0.2%, respectively.While we saw small caps easily outperform the S&P 500 on Monday, we also saw high-growth tech stocks like Twilio (NYSE:TWLO), Shopify (NASDAQ:SHOP) and others obliterated on the day. On Tuesday, we saw more selling pressure in these names, although not to the extent we did in the prior session.Instead, streaming dominated the headlines in the stock market today, following the Apple (NASDAQ:AAPL) event. All About AppleJust like it does every year, Apple held its fall product event on Tuesday, showcasing a number of new services, products and upgrades for its customers. What were the highlights?Starting with the iPhone, Apple announced three new versions of the device. The iPhone 11 Pro and 11 Pro Max will start at $999 and $1099, respectively, and sport panel sizes of 5.8 inches and 6.5 inches, respectively. * 10 Stocks to Sell in Market-Cursed September The devices will come in four colors, have OLED displays and boast three rear-facing cameras. The iPhones will ship with a fast-changing adapter, while the iPhone 11 Pro has improved battery life of four hours and iPhone 11 Pro Max sports an improvement of five hours.The third device is Apple's low-cost option, the iPhone 11, weighing in at $699. The iPhone sports a 6.1-inch display and dual rear-facing camera. The low-cost option will be available in six colors.Customers will also be able to order the new Series 5 Apple Watch. The device starts at $399, with a 4G unit costing $499. The Series 3 price will drop down $199. Apple also introduced the 7th-generation iPad, which starts at $329 and will begin shipping at the end of the month.Further, the company announced that Apple Arcade will be available Sept. 19 in more than 150 countries. The service starts at $4.99 per month for the whole family (after a one-month free trial), and will soon have more than 100 games.Finally, the company said that its Apple TV+ service will start at just $4.99 for the whole family. One year of the service will be included for new hardware purchases, with the first shows launching Nov. 1 in over 100 countries. Apple expects to add new shows each month. Streaming WarsI left the Apple TV+ news for last, because it has more than just customers talking about it. It's wreaking havoc on other streaming plays, like Disney (NYSE:DIS), Netflix (NASDAQ:NFLX) and Roku (NASDAQ:ROKU).Disney and Netflix each slipped about 2.2%, while Roku took a punch to the teeth, falling 10.5%. It's exactly why all three stocks (plus Apple) were InvestorPlace's Top Stock Trades.What will the impact be?When Disney priced its Disney+ streaming service at $6.99 per month (or $70 annually), most assumed it was to undercut Netflix. Given Disney's strong content library and appeal to parents, the service looks like a layup at these prices.But after Apple announced its service at $4.99 a month, perhaps that's why Disney's price came in so low. While it doesn't mean he knew ahead of time, the fact that Disney CEO Bob Iger sits on the Apple board is at least worth mentioning here.In any regard, I don't know that Disney is at a big competitive risk against Apple. For starters, the price points are not that far apart, particularly if customers buy the annual package from Disney (which boils down to $5.83 per month). Second, Disney has vastly better content than Apple that appeals to toddlers, kids, teens and adults.That's hard to top.For Netflix though, its standard plan rings in at $12.99 a month, but its offerings range between $8.99 and $15.99 per month. Many would argue that it has inferior content to Disney, but will likely have superior content to Apple. Unfortunately, its price point isn't competitive. It will be interesting to see how much staying power NFLX really has and how loyal its customers really are.Perhaps it won't lose market share and in fact, gain market share as more customers cut the cord. Collectively, someone could pay $25 a month for NFLX (standard), Disney+ and Apple TV+. Not bad.Let's see what the market makes of it over the next few days and weeks.Finally, there's Roku. Shares were crushed on the day, which likely had more to do with its run from under $100 to over $175 in about a month's time more than anything else. Still, the headlines about Apple's approach to streaming -- of course, with its own hardware available -- didn't help matters.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL, DIS and SHOP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Stock Market Today: Streaming Wars Are About to Get Real appeared first on InvestorPlace.
- Zacks
Pre-Market Tepid on Slow News, Apple (AAPL) Event
September has performed strongly thus far, up 1.5-2.0% on the major indexes.
- Investopedia
Small Caps Shine
The Russell 2000 outperformed large caps as semiconductor stocks neared record highs. Could bond yields be close to bottoming?
- InvestorPlace
Stock Market Today: What to Do With High-Growth Onslaught?
It was a very mixed session in the stock market day. While some areas of the market did really well, other parts of the market were creamed on Monday. Broadly speaking though -- as measured by the S&P 500 -- the stock market was flat on the day.Anyone investing in small caps or high growth wouldn't agree with that statement, though.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLast week, we finally saw the SPDR S&P 500 ETF (NYSEARCA:SPY), SPDR Dow Jones Industrial Average (NYSEARCA:DIA) and PowerShares QQQ ETF (NASDAQ:QQQ) break out.The trio had been trapped in a month-long trading range that was both choppy and frustrating for investors. When they finally broke out, investors were relieved despite there still being a few concerns. Small Caps Lead, High Growth DecimatedOne issue was small caps, which were struggling. I would really like to see the iShares Russell 2000 ETF (NYSEARCA:IWM) play catch-up and push over its 50-day moving average at this point. However, Monday's 1.33% rally against a flat S&P 500 was a good start.On the flip side, the action in high-octane growth stocks was damaging. Many of these names were showing a ton of relative strength throughout 2019, with several doubling, tripling and quadrupling. They showed relative strength in May when the market was under pressure, and again in August when volatility increased.But when stocks broke out last week, they were stagnant. Now on Monday, they're getting hammered. It's one reason why observing relative strength price action is so important. * 7 Stocks to Buy In a Flat Market The Trade Desk (NASDAQ:TTD) and Twilio (NYSE:TWLO) fell more than 10% at one point, while Alteryx (NYSE:AYX) fell more than 15%. Pinterest (NYSE:PINS), Shopify (NASDAQ:SHOP), Roku (NASDAQ:ROKU) and others were also hit with a bevy of selling. Even Starbucks (NASDAQ:SBUX) and Tyson Foods (NYSE:TSN) were struggling.A number of these stocks made our Top Stock Trades list on Monday as a result of the action.Hopefully InvestorPlace readers were ready though, as we highlighted this very concern in real-time just last week. Movers in the Stock Market TodayShares of AT&T (NYSE:T) were rallying as much as 6% in pre-market trading, but ended higher by just 1.41%. Still, the rally sent shares to multi-year highs after Elliott Management took an activist stake in the company.They sent a letter to management, highlighting steps they can take to elevate the stock to $60 or more by the end of 2021. That's up more than 60% from current levels. Keep in mind, shares still yield about 5.6%. Those who have been patient in AT&T stock are now being rewarded.Shares of Fannie Mae (OTCMKTS:FNMA) rocketed on the day, climbing almost 40% after an appeals court reversed an earlier decision which backed the government taking all of its profits. Freddie Mac (OTCMKTS:FMCC) rallied a similar amount on the ruling.Facebook (NASDAQ:FB) stock initially moved lower on the day, but closed higher on Monday despite more incoming probes. Now the New York attorney general is investigating the company for antitrust concerns. Joining them will be attorney generals from seven other states as well as the District of Columbia.Facebook also has to contend with the Federal Trade Commission and U.S. Department of Justice.However, it could be worse. For instance, look at Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). It just settled one investigation with the FTC and also has the DOJ breathing down its neck. But like Facebook, it was announced on Monday that a number of state AGs would investigate the company as well.However, instead of eight states and DC, GOOGL will face 50 attorney generals. California and Alabama will not be involved, but D.C. and Puerto Rico are, bringing the total to 50.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post Stock Market Today: What to Do With High-Growth Onslaught? appeared first on InvestorPlace.
- ETF Trends
U.S. Stock ETFs Wobble as Traders Look to Rate Cuts Ahead
U.S. markets and stock ETFs ended flat after Monday as traders vacillated on the likely outcome in the direction of monetary policy from the Federal Reserve’s meeting later this month. On Monday, the SPDR ...
- Market Realist
Is Mnuchin’s Optimism on Trade Talks Justified?
While talking to Fox Business News today, Treasury secretary Steven Mnuchin presented his views on the upcoming US-China trade talks.
- Zacks
Elliott Mgmt Has a Plan to Grow AT&T (T) by 65%
Discussing a "value-creation opportunity," Elliott speaks of AT&T -- which bought media major Time-Warner's assets for $85 billion in June 2018 ??? as being "deeply undervalued."
- Investopedia
Big Buying in Stocks Should Lift Markets in Near Term
Although September is normally a choppy month, big money buying and low rates offer some reasons for short-term bullishness.
- Zacks
Top and Flop Leveraged ETFs of Last Week
Inside the top-and-worst-performing leveraged ETFs of last week amid renewed hopes of U.S.-China trade talks.
- Investopedia
Markets Struggle to Extend Rally
Stocks were flat on Friday as the rally paused. Gold prices pulled back, for now, while the Treasury yield curve remains close to inverted.
- InvestorPlace
Stock Market Today: Jobs Report Makes for Layup Rate Cut?
Despite the release of the August jobs report on Friday, it was relatively calm waters in the stock market today.We saw that the SPDR S&P 500 ETF (NYSEARCA:SPY), SPDR Dow Jones Industrial Average (NYSEARCA:DIA) and PowerShares QQQ ETF (NASDAQ:QQQ) were all within 25 basis points of flat for the day.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Movers in the Stock Market TodayShares of Lululemon Athletica (NASDAQ:LULU) climbed more than 7.5% on Friday after the company beat on earnings and revenue expectations. It helped that comp-store sales of 11% crushed estimates of 5.2%, while management's guidance topped consensus expectations. It's no wonder LULU stock is at new highs.Zoom Video (NASDAQ:ZM) also beat on earnings and revenue, as the latter grew 95% year-over-year. Further, management guided for third-quarter earnings of 3 cents per share and revenue in the range of $155 to $156 million, easily topping estimates of a penny per share loss, and sales of $140.94 million. * 7 Stocks to Buy In a Flat Market For management's full-year outlook, they expect earnings of 18 to 19 cents per share versus expectations of just 3 cents per share. For revenue, they expect between $587 million to $590 million versus estimates of $546.73 million. In short, ZM crushed forward estimates, yet shares fell more than 6%.ZM was one of our "Top Stock Trades," along with four other notable movers from Friday.Like Zoom, CrowdStrike (NASDAQ:CRWD) delivered strong headline results and better-than-expected guidance. Yet, shares shed more that 12% in Friday's session. Are valuations finally catching up to some of these hot initial public offerings?DocuSign (NASDAQ:DOCU) missed on earnings estimates, but guidance came in above consensus expectations. Thus, shares rocketed higher by more than 21% on Friday. The 52-week high of $59.90 isn't all that far away now.Up almost 5% on Friday and Canopy Growth (NYSE:CGC) is now up more than 20% from its lows six trading sessions ago. If it can maintain momentum, perhaps it can fill the gap back up toward $32. That's also where its 50-day moving average comes into play. Jobs Report, Rate CutThe non-farm payrolls report for August showed that 130,000 jobs were added to the economy, short of economists' expectations for 160,000. Bulls needed a report that was strong enough to show that the economy is okay, but not so strong that it may discourage the Federal Reserve from cutting interest rates later this month.Aside from missing estimates this month, the labor figures for the previous two months were also revised lower. Hurricane Dorian won't help jobs growth this month either, although it may provide a nice boost over the next few months. On the plus side, the participation rate was strong, while wage growth topped expectations for the third time in a row.Along with midday comments from Fed Chair Jerome Powell, investors had a lot on their plate to digest on Friday.Earlier this week, we noted that the market was pricing in a 97% chance of a 25 basis point (bps) cut in the Fed Funds rate, and a 3% chance of a 50 bps cut. After Friday's news, the probability of a 25 bps cut fell to 91.2%, while the probability of no cuts jumped to 8.8%.That's certainly a notable shift, although Powell's comment that the Fed will "act as appropriate," likely signals a cut later this month. Merger Monday?Remember Symantec (NASDAQ:SYMC) stock? The name found itself making headlines earlier this summer on speculation that Broadcom (NASDAQ:AVGO) would acquire the name. AVGO eventually agreed to acquire SYMC's enterprise business.Now though, speculation suggests that private equity firms Advent and Permira are looking to acquire the company, according to the Wall Street Journal. The deal, should one materialize, would still reportedly allow the AVGO-SYMC enterprise deal to go through. The news sets us up for a possible "Merger Monday."Symantec stock climbed more than 4% on Friday.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AVGO. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post Stock Market Today: Jobs Report Makes for Layup Rate Cut? appeared first on InvestorPlace.
- ETF Trends
U.S. Stock ETFs Push Higher as Weak Jobs Report Stokes Fed Bets
U.S. markets and stock ETFs maintained their momentum Friday after the weak August jobs reported fueled speculation that the Federal Reserve could implement further interest rate cuts later this month. ...
- Zacks
Jobs Growth 130K in August, Pre-Markets Unshaken
The private sector recorded only 96K new jobs last month -- roughly lower than what's needed to cover retirees in the domestic labor market month over month.
- Investopedia
Investors Signal Preference for Risk-On Trades
Global currency easing means that U.S. stocks are attractive again. IBM stock rallied strongly as currency talk buoyed investors.
- InvestorPlace
Stock Market Today: Are Stocks Now a Buy, Buy, Buy?
U.S. stocks have put together an impressive couple of days, with the S&P 500 rallying over 3% from this week's lows. While the action has been solid, Thursday marked the turning point. In the stock market today, we saw a bevy of buyers, with major U.S. indices hitting their highest levels in more than a month.We saw the SPDR S&P 500 ETF (NYSEARCA:SPY) jump 1.25%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) climb 1.4% and the PowerShares QQQ ETF (NASDAQ:QQQ) rally 1.83%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMore importantly, readers of this Stock Market Today column will likely recall the "trading range" we've referenced multiple times over the past few weeks. Finally, the market is breaking out of that range and starting to move higher. Let's take a look. Stock Market BreakoutAbove is a chart of the S&P 500 (SPX), but the SPY, DIA and QQQ all have a very similar setup. You can try mapping the same pattern on these indices and ETFs if you'd like. * 7 Stocks to Buy In a Flat Market In any regard, the breakout is very notable. Over the past month, the 2,940 level has been range resistance on the SPX, while 2,830 has been support. Other considerations included uptrend support (blue line) and the 50-day moving average acting as resistance. Click to EnlargeDespite the frustrating and choppy nature of the market last month, it was a pretty simple layout -- and one that InvestorPlace readers knew well.Moving forward, bulls need to see the 50-day moving average and 2,940 hold as support. So long as stocks are above this mark, 3,000 is on the table. Above that opens up the door to 3,020, with the all-time highs near 3,028 just above.So, is that it, are we in the all-clear now that the SPX and other indices have broken out?Not so fast. Worries Moving ForwardWhile the breakout is important and puts the bulls in control of the market, there are still a few things to take note of. First, the U.S.-China trade war remains a very potent headline threat. Any negative developments on this front -- which can be as simple as a feisty tweet from the Tariff Man -- and investors may find stocks under pressure once more.Further, while the 10-2 year Treasury spread is no longer negative, it's only at 0.04%. Another inversion could fire up the recession calls once more. Although, anyone only seems to care when the markets are under pressure…go figure.Finally, and this is more of a personal observation, but it's noteworthy to me that the relative strength leaders are, well, no longer leading.Stocks like Starbucks (NASDAQ:SBUX), Tyson Foods (NYSE:TSN), Roku (NASDAQ:ROKU), Shopify (NASDAQ:SHOP) and a list of others not only lagged the market on Thursday, but were actually negative on the day.While some stocks have individual explanations, their underperformance raises an eyebrow. It doesn't mean the rally can't continue. But it's healthiest when the relative strength leaders hold up during market turbulence, then lead equities higher once the clouds part.That's not happening this time around, and while "rotation" is one possible explanation, I'm watching this group. Movers in the Stock Market TodayMongoDB (NASDAQ:MDB) fell more than 5% despite beating on earnings and revenue expectations, and providing upside guidance.Twitter (NYSE:TWTR) put together an impressive breakout, rallying more than 4% to new 52-week highs. Can it get above $47 now?Vital support held for BlackBerry (NYSE:BB) last month and now shares are up 5.35% on Thursday after it was announced that the company would strengthen its relationship with Jaguar Land Rover. It includes BlackBerry's artificial intelligence/machine learning and cybersecurity for connected and autonomous vehicles.BlackBerry, MongoDB and Twitter were three of the five "Top Stock Trades" on InvestorPlace. Here's how to trade them now.Cloudera (NYSE:CLDR) failed to close on session highs, but exploded higher by more than 15% after better-than-expected earnings.Shares of Slack (NYSE:WORK) closed lower by 3.2% despite beating on earnings and revenue. However, it's far better than the lows of the day, where Slack fell more than 16% and tested its initial public offering price of $26 before recovering most of the losses.After closing at around $200 and reporting earnings after the close on Wednesday, Palo Alto Networks (NASDAQ:PANW) plunged to an after-hours low of $180 before rebounding to a high of $220. Talk about volatile! Shares ended the day higher by 5.8% at $212.05 on Thursday.Last but not least, shares of National Oilwell Varco (NYSE:NOV) jumped 6.3% to three-month highs on Thursday. The jump comes after the stock received an upgrade to "buy" from "hold" at Jefferies. The analyst also lifted their price target to $25 from $23, implying almost 14% upside despite Thursday's big move.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long SBUX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post Stock Market Today: Are Stocks Now a Buy, Buy, Buy? appeared first on InvestorPlace.
- ETF Trends
Trade War De-Escalation Hopes Drive U.S. Stock ETF Rally
U.S. markets and stock ETFs surged Thursday after the United States and China said they will reconvene and talk trade in Washington, D.C. next month, renewing hopes for a break in the prolonged trade war. On Thursday, the Invesco QQQ Trust (QQQ) increased 1.7%, SPDR Dow Jones Industrial Average ETF (DIA) rose 1.5% and SPDR S&P 500 ETF (SPY) was 1.3% higher. Fueling the broad risk-on mood, Chinese and American officials plan to hold high-level trade talks in Washington early October where Beijing hopes for "substantive progress" in a bid to end a trade war that has gripped the global economy.
