|Bid||40.53 x 39400|
|Ask||40.49 x 2200|
|Day's Range||40.39 - 40.80|
|52 Week Range||37.66 - 45.96|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.29|
|Expense Ratio (net)||0.74%|
China Tariffs Up to 100%? Pillsbury Says Maybe Yes Is President Donald Trump just playing bad cop, or is he really going to raise tariffs again on China? Nobody knows, probably not even Trump himself. However, according to a report from some guy named Michael Pillsbury, not to be confused with the glutinous consumer-oriented baking […]The post Market Morning: Pillsbury 100% Tariff Threat, Oracle Says Uber Worthless, Panetta War Warning appeared first on Market Exclusive.
China's economic data disappoints again. The industrial output growth has slumped to the lowest level in 17.5 years along with weak retail sales. We highlight the impact on some ETFs.
China country-specific ETFs could be among the most at risk if crude oil disruptions and high energy prices become the norm. On Monday, the SPDR S&P China ETF (GXC) fell 1.2%, iShares China Large-Cap ETF (FXI) dropped 1.2% and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) decreased 1.5%. China is the largest importer of oil and is expected to struggle as it tries to find an alternative source in the short-term if Saudi Arabia fails to quickly recover from the weekend attacks that wiped out half of the Kingdom's production capacity, CNN reports.
On Wednesday evening after the market close, Trump tweeted that a tariff hike from 25% to 30% on Chinese imports will be delayed from Oct. 1 to Oct. 15. “At the request of the Vice Premier of China, Liu He, and due to the fact that the People's Republic of China will be celebrating their 70th Anniversary....on October 1st, we have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th,” Trump said. The slight concession by Trump suggests his temperament toward China has softened, since he initially wanted to double the 25% tariffs in October, according to CNBC.
To Cut Or Not to Cut? Lagarde Answers the Question Federal Reserve officials are prevaricating over whether to cut dollar interest rates at the next Federal Open Market Committee meeting on September 17-18. St. Louis Fed President James Bullard is the most dovish (from the inflation side) and hawkish (from the saver side) calling for […]The post Market Morning: Fed Debates, Johnson Loses, Hong Kong Wins, Italy Gets New Government appeared first on Market Exclusive.
China’s August manufacturing PMIs have diverged. While Caixin/Markit data shows expansion, the official PMI shows contraction has continued.
On a historical basis, August usually isn't a good month for stocks, but August 2019 could enter rarefied air as one of the worst months on record for stocks. As of Friday, Aug. 23, the S&P 500 was down more than 5% month-to-date. It's popped a bit since then, but the average August decline for the benchmark U.S. equity gauge over the past 20 years is a mere 0.10%.With just a week left in August, don't expect a significant reversal of fortune, especially not when President Trump's anti-China rhetoric is reaching new heights. China isn't innocent in this deal, either. Beijing is promising to boost tariffs on American-made products and that gambit isn't paying dividends for Chinese markets, either.In this piece, we're looking at some of the worst ETFs and there are plenty of China offenders. Month-to-date, the iShares China Large-Cap ETF (NYSEARCA:FXI), one of the largest China funds trading in the U.S., is off 9.05%, easily putting it in "worst ETF" territory.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Companies Using AI to Grow Investors do not need to avoid equities altogether, but this is an environment that rewards defense and many of the worst ETFs aren't that. Here are some of the ETFs to avoid over the near term or considering removing from your portfolio before larger losses mount. Technology Select Sector SPDR (XLK)Source: Shutterstock Expense ratio: 0.13% per year, or $13 on a $10,000 investment.This is not an example of picking on a particular ETF. With the market declining due to trade tensions and technology being the largest sector weight in the S&P 500, any fund tracking the sector could be in "worst ETF" territory over the near term. The Technology Select Sector SPDR (NYSEARCA:XLK) just happens to be the largest ETF dedicated to tech stocks.Apple (NASDAQ:AAPL), XLK's second-largest holding, epitomizes the headwinds facing XLK and rival funds in an environment where the U.S. and China are at odds. President Trump can rally his base by demanding American tech companies bring operations back to the U.S. and reduce dependence on China, but making that effort actually come to life is improbable. Regarding Apple, for every $10 in revenue it generates, China accounts for $2."Companies like Apple rely on contract manufacturers in China for many reasons," reports Barron's. "The cost and abundance of labor is one reason, but so is capacity and manufacturing sophistication. As much as the White House might like companies like Apple to extricate themselves from China, what he is asking would be both almost impossible and economically disastrous." iShares Russell 2000 ETF (IWM)Source: Shutterstock Expense ratio: 0.19%As is the case with XLK above, the iShares Russell 2000 ETF (NYSEARCA:IWM) is not being picked on here. IWM is joined in the worst ETF club at the moment by a slew of its small-cap rivals. I'm simply including IWM here because with more than $39.2 billion in assets under management, it is the largest small-cap ETF.Typically, international trade tensions would actually be an impetus for embracing domestic small caps because these companies generate the bulk of their revenue within the U.S. Said another way, the August struggles of IWM and rival small-cap funds are not only disappointing, but concerning. * 7 "Boring" Stocks With Exciting Prospects The worst ETF status of standard small-cap funds like IWM can be attributed to the funds' large weights to the financial services sector. That group has been punished by declining interest rates and smaller financial companies are even more vulnerable to that trend than their large-cap brethren. Making matters worse for small-cap funds is that if markets continue flailing, the Federal Reserve is likely to deploy more rate cuts, so even if large caps bounce back, smaller stocks could continue languishing. SPDR S&P Retail ETF (XRT)Source: Shutterstock Expense ratio: 0.35%The SPDR S&P Retail ETF (NYSEARCA:XRT) is down almost 10% this month. Alone, that's a qualifier for worst ETF status, but long-term retail trends do not bode well for XRT. Put simply, XRT has too much exposure to struggling brick-and-mortar retailers and not enough to hot corner of retail: e-commerce and online.I'm not saying Amazon (NASDAQ:AMZN) is going to put every brick-and-mortar retailer out of business, but the expected growth of online retail is a drag on XRT and its worst ETF status is only cemented by large exposure to struggling department store operators. A recent spate of earnings reports confirm that department and outlet stores are in under significant pressure."Second-quarter results in this channel still fell short for many," said Citigroup analyst Paul Lejuez in a recent note. The strong U.S. consumer "underscores that the pressure in this channel is structural." VanEck Vectors Gaming ETF (BJK)Source: Shutterstock Expense ratio: 0.66%The VanEck Vectors Gaming ETF (NYSEARCA:BJK) isn't the biggest industry fund on the market, but it bears noting in this conversation because the U.S. and China combine for about 59% of the fund's geographic weight. What that means is significant exposure to Macau, the world's largest gaming mecca and that equates to vulnerabilities for this fund because the largest US-based casino companies are also among the largest Macau operators.Macau is being pinched on multiple fronts, including the US/China trade war and the now long-running protests in Hong Kong, which have hampered travel to the gambling hub. If China's economy noticeably slows, that will keep VIPs out of Macau, confirming BJK as a worst ETF. * Airline Stocks: What's Keeping Them From Taking Off? Making matters worse is that the domestic regional operators found in this fund, although they have no China exposure, are also being punished. That could portend some value with BJK down the road as markets reassess certain casino firms, but now isn't the time to be rushing into this fund. First Trust Materials AlphaDEX Fund (FXZ)Source: Shutterstock Expense ratio: 0.64%The materials sector is one of the smallest weights in the S&P 500, but it has been one of the biggest losers this month. Just look at the First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ), which is one of August's worst ETFs with a loss of 12%.Several marquee companies in this sector are already talking about the ill effects the trade war will have on earnings and revenue, making FXZ and other materials highly undesirable over the near-term. China is just too important of a customer for many American chemicals and plastics producers to make FXZ a "buy" today.Further hindering FXZ is its status a mid-cap ETF at a time when smaller stocks are out of favor. Investors looking for glimmers of hope with materials stocks will enjoy knowing that hedge funds are overweight the sector, but if FXZ is on your shopping list, keep it there because patience will likely lead to better prices here. iShares PHLX Semiconductor ETF (SOXX)Source: Shutterstock Expense ratio: 0.46%Trade wars spell trouble for tech stocks, but semiconductor names are among the most vulnerable. That is much is proven by the iShares PHLX Semiconductor ETF (NASDAQ:SOXX), which is lower by more than 9% this month. SOXX, which tracks the PHLX SOX Semiconductor Sector Index, has a standard deviation of 22.31% and has displayed considerable sensitivity to trade-related headlines, so its worst ETF status could be shed in short order. Properly timing that move is another matter."Chipmakers have been similarly volatile because of the trade war. The Philadelphia Semiconductor Index dropped 3.6% on Friday, and every member of the benchmark industry index was in negative territory," according to Bloomberg. * 15 Cybersecurity Stocks to Watch as the Industry Heats Up Many SOXX components are suppliers to the controversial Chinese telecom firm Huawei. That company is blacklisted by U.S. regulators, a move that has stirred semiconductor companies into action with executives pleading with the White House to relax some of the Huawei restrictions. There's the catalyst to get SOXX out of worst ETF territory, but no one knows when it's coming. Vanguard FTSE Europe ETF (VFK)Source: Shutterstock Expense ratio: 0.09%The Vanguard FTSE Europe ETF (NYSEARCA:VGK) is performing mostly inline with the S&P 500 this month and while expectations are running high that central banks across Europe are poised to spring into action, that may be a case of too little too late to help many of the region's long-slumbering economies.Adding to VGK as a worst ETF contender is that European stocks are basically value plays and value is mostly out of style. Developed Europe has been inexpensive relative to the U.S. for years and global investors have hardly seemed to care."According to FactSet data, the Stoxx Europe 600 was trading at 14 times forecast earnings, compared to the S&P 500's 17 times, which represent a wider gap than its long-term average over the past decade," reports ETF Trends.Other reasons VGK is a near-term avoid: the specter of a hard Brexit (the UK is the ETF's largest country weight), a recession in Germany and more political volatility in Italy.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies Using AI to Grow * The 10 Biggest Winners From Second-Quarter Earnings * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post 7 of Worst ETFs -- Boot These From Your Portfolio Right Now appeared first on InvestorPlace.
China's slowdown is becoming more apparent in its latest economic data. Previously, Chinese authorities disputed that the trade war was hurting the economy.
The trade talks restarted after China’s top trade negotiator, Vice Premier Liu He, publicly called to de-escalate the tensions on Monday.
U.S. stocks were poised to rebound on Monday after an eventful G-7 meeting may have trade negotiations between the U.S. and China back on track for now. On Monday, U.S. President Donald Trump said representatives from China reached out to say they would like to return to the negotiating table following the latest exchange of tariffs and trade threats between the U.S. and China. This is a very positive development for the world,” Trump said Monday.
As fears over the global economy and tar war continue to contribute to market volatility, investors have yanked billions from ETFs that track China’s stock market. Over the past month, investors pulled ...
New York, NY, based Investment company Alphadyne Asset Management, LLC (Current Portfolio) buys VanEck Vectors J.P. Continue reading...
Bloomberg reports U.S. and Chinese officials are struggling to agree on a schedule for further planned talks. This comes after the U.S. slapped 15% tariffs on roughly $112 billion worth of Chinese goods. China Beige Book CEO Leland Miller joins Yahoo Finance's Akiko Fujita to discuss.