GLD - SPDR Gold Shares

NYSEArca - NYSEArca Delayed Price. Currency in USD
141.11
-1.67 (-1.17%)
At close: 4:00PM EDT

141.86 +0.76 (0.54%)
Pre-Market: 6:38AM EDT

Stock chart is not supported by your current browser
Previous Close142.78
Open0.00
Bid0.00 x 1200
Ask141.55 x 900
Day's Range0.00 - 0.00
52 Week Range
Volume0
Avg. Volume10,987,007
Net Assets37.78B
NAV142.89
PE Ratio (TTM)N/A
Yield0.00%
YTD Return17.94%
Beta (3Y Monthly)0.06
Expense Ratio (net)0.40%
Inception Date2004-11-18
Trade prices are not sourced from all markets
  • Bonds Retreat but Market Still Shows Anxiety
    Investopedia

    Bonds Retreat but Market Still Shows Anxiety

    Bond prices pulled back, but nervous investors bought into the dip. Bellwether stocks display the conflict between buyers and sellers.

  • Sealed Air Stock Is Cheap, But Unattractive
    InvestorPlace

    Sealed Air Stock Is Cheap, But Unattractive

    When the market is turbulent, investors often embark on a flight to safety. That means investors will pile into risk-off assets, such as Treasuries, gold and consumer staples. Indeed, this is exactly what has happened over the last month. While the S&P 500 is off more than 2% in the last month, the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) is up 9%, and the SPDR Gold Shares (NYSEARCA:GLD) is up 5%. And since Aug. 5, the Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) has gained 5%.Source: Shutterstock Given that backdrop, one would assume a food and product packaging company like Sealed Air (NYSE:SEE) would also have benefited from this August flight to safety. It did, for awhile. At one point in early August, SEE stock price was up nearly 10% in August. But the stock has since given up most of those gains, and now SEE stock price is more than 5% off its August highs, while TLT, GLD, and XLP are all at or right next to their August highs.In other words, while SEE stock was initially thought of as a great risk-off investment in this stumbling economy and turbulent market, investors have since second-guessed the relative safety of Sealed Air stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI totally get it. Ostensibly, SEE stock seems very stable, with a fairly attractive valuation and a steady yield. But at this point, it has optical issues which may keep SEE stock price relatively muted for the foreseeable future. * 7 Great Small-Cap Stocks to Buy As a result, I think Sealed Air stock is best left alone for now. Its fundamentals are strong enough that it's not a great short. Its optics are troubling enough that it's not a great long. In such a situation, the sidelines are the best place to hangout. Sealed Air's Fundamentals Are Pretty GoodThe fundamentals supporting SEE stock price are pretty good, and they're mostly favorable to the bull thesis.SEE is a global food and packaging company. Its business is pretty stable. No matter what the global economy is doing, the world is still going to have to transport staple food and goods. It's true that, as global economic activity slows, so will the trading of these goods. But the slowdown will be gradual, and it won't be that steep.Consequently, Sealed Air's performance over the past several years - a low-to-mid-single=digit-percentage revenue grower, excluding acquisitions, with slight margin expansion and low-to-high-single-digit-percentage EBITDA growth - will probably be largely duplicated over the next several years. Its growth will likely slow a bit as the global economy weakens. But Sealed Air should be able to grow its revenues at a low-single-digit rate over the next several years, on largely stable margins, which - when coupled with its buybacks of SEE stock - should produce high- single-digit-earnings per share growth.Sealed Air's EPS can reach somewhere around $4.80 by fiscal 2025. Based on a forward price-earnings multiple of 17, which is average for the packaged-goods sector, that implies a fiscal 2024 price target for SEE stock of over $80. Discounted back by 10% per year, that equates to a 2019 price target of about $50.SEE stock price is slightly above $40 today. Thus, the long term growth fundamentals currently say that Sealed Air stock is undervalued. The Optics Give PauseAlthough SEE stock is undervalued, the optics surrounding Sealed Air warrant this undervaluation for the time being. Specifically, there is an active SEC investigation overhanging Sealed Air which has created a lot of distractions. These distractions detract from Sealed Air's value as a risk-off investment during turbulent times.This SEC investigation has shifted into another gear in 2019. In May, Sealed Air was served a subpoena relating to a previously disclosed SEC investigation into the company's accounting practices. That additional subpoena has had an avalanche impact on the company.A month later, Sealed Air fired its CFO. Three months later, the company received a grand jury subpoena from a U.S. Attorney for documents related to the firing. A week after that, Sealed Air switched audit firms. And, a week after that, Upslope Capital Management, which was shorting Sealed Air stock, issued a report, citing the SEC investigation and accounting irregularities as two big reasons why it believed that SEE stock would head lower.Against the backdrop of all those distractions, Sealed Air's organic revenue growth has slowed to a multi-year low in 2019.In other words, SEE stock price is being weighed down by slowing growth trends against the backdrop of a ton of SEC/accounting noise that doesn't give investors confidence. Slowing growth plus a lack of confidence is not a winning combination.So despite SEE's favorable fundamentals, SEE stock price likely won't march meaningfully higher anytime soon. The Bottom Line on SEE StockIt's easy to look at SEE stock and see a stable consumer staples stock that should theoretically outperform during turbulent times. But that cursory analysis ignores the ugly optical risks overhanging the company. Those unfavorable optics will ultimately put a cap on near-term gains by SEE stock, making it unattractive for now.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Sealed Air Stock Is Cheap, But Unattractive appeared first on InvestorPlace.

  • ETF Trends

    $2.6 Billion Flowed into Gold ETFs in July, Says World Gold Council

    Gold ETFs have been a shining through a gloomy market as investors poured billions of dollars into this asset category in face of rising uncertainty. According to the World Gold Council, investors funneled $2.6 billion into gold bullion-backed ETFs in July, raising their collective holdings to 2,600 tons, or the highest level since March 2013, the Wall Street Journal reports. Meanwhile, gold prices rallied 17% over the past three months and recently broke above $1,500 per ounce for the first time in six years.

  • ETF Trends

    Gold ETFs Boosted by Recent Yield Curve Inversion

    Gold ETFs, including the  SPDR Gold MiniShares (GLDM)  and SPDR Gold Shares (GLD) , added to recent gains Wednesday as the yield curve again inverted, stoking fears of a recession. Gold is also catching a bid because some market observers believe with low inflation and the potential for a slowing economy, the Fed may step in and cut interest rates multiple times before the end of this year to go along with the rate revealed last month. Gold is believed by many investors to be inversely correlated with interest rates.

  • ETF Trends

    Gold’s Already At All-Time High Against Canadian Dollar

    Gold, like other commodities, is often denominated in U.S. dollars. This means investors buying ETFs such as the   SPDR Gold MiniShares (GLDM)  and SPDR Gold Shares (GLD) typically want the greenback to weaken. Gold has long been used as a safe haven asset, particularly when the value of the dollar declines or investors fear market volatility and uncertainty, like in the case of a tariff war.

  • Zacks Value Trader Highlights: GLD, VNQ, PVH, G-III Apparel and Goodyear Tire & Rubber Company
    Zacks

    Zacks Value Trader Highlights: GLD, VNQ, PVH, G-III Apparel and Goodyear Tire & Rubber Company

    Zacks Value Trader Highlights: GLD, VNQ, PVH, G-III Apparel and Goodyear Tire & Rubber Company

  • Benzinga

    Gold ETFs Are Still Worth It

    Whether it's investors' desire for safer assests, a world awash in low and negative interest rates or central banks gobbling up gold, bullion's rally is credible and based on solid fundamentals. “US-China trade negotiations continue to be a random walk,” said State Street in a recent note. In the second quarter, GLD saw inflows of more than $526 million while the fund's low-cost counterpart, the SPDR Gold MiniShares Trust (NYSE: GLDM), added nearly $83 million.

  • Recession Fears Shift ETF Flows
    ETF.com

    Recession Fears Shift ETF Flows

    Recent ETF flows suggest investors prepping for the worst.

  • ETF Trends

    $2,000 Price Level a Possibility for Gold

    As Treasury yields continue to skydive, gold price levels could go through the roof as the scrambler for safe haven assets continues amid the latest market volatility as trade wars between the U.S. and China rage on. This could provide more gains for gold-focused exchanged-traded funds (ETFs) as analysts are predicting that the precious metal could shoot past the $2,000 per ounce price mark. The weakness in the U.S. dollar caused gold to climb, but the case for the precious metal is also coming from the bond markets.

  • Stocks are on Sale: Should You Buy?
    Zacks

    Stocks are on Sale: Should You Buy?

    A bunch of stocks are trading with single digit P/Es and juicy dividends. Time to go shopping?

  • Safe-Haven ETFs Rally on Global Unrest: ETFs to Snap Up
    Zacks

    Safe-Haven ETFs Rally on Global Unrest: ETFs to Snap Up

    Asian markets continue to bleed on increasing geo-political issues and slowing global economic growth. This, in turn, has been adding to the appeal of safe-haven ETFs.

  • Market Exclusive

    Market Morning: Hong Kong Chaos, Rates Plummet, Gold Soars, Hybrid Lull, Uber Bleeds

    Hong Kong Continues Its Slide Into Chaos With Chinese Troops On The Border Hong Kong stocks (NYSEARCA:EWH) are sliding again, down 15% in a month, as a second mass protest in the Hong Kong airport is threatening to shut down all international flights again. There is worry now that we could see another Tiananmen Square-type […]The post Market Morning: Hong Kong Chaos, Rates Plummet, Gold Soars, Hybrid Lull, Uber Bleeds appeared first on Market Exclusive.

  • All that glitters might be just what your portfolio needs now
    MarketWatch

    All that glitters might be just what your portfolio needs now

    Gold has had a strong run so far this year as geopolitical tensions swirl and bond yields go increasingly negative, and the party may not be over yet.

  • Barrons.com

    How This Bull Market Will End

    The collapse of interest rates worldwide to zero and below suggests a financial world that is dark and cold. Yet the plunge in bond yields to historic lows correspondingly results in high values for many assets.

  • Rebounding Stocks Remain Volatile
    Investopedia

    Rebounding Stocks Remain Volatile

    Gold hit new highs even as stocks rebounded. When energy gets cheap, some investment opportunities emerge.

  • Stock market steps back from the cliff’s edge — here’s what to watch for next
    MarketWatch

    Stock market steps back from the cliff’s edge — here’s what to watch for next

    The U.S. stock market stepped back from the cliff’s edge with a key reversal Wednesday. Please click here for an annotated chart of iShares 20+ Year Treasury Bond ETF (TLT) For the sake of transparency, the second and third charts were previously published and no changes have been made.

  • Benzinga

    Bitcoin Vs. Gold: Which Is A Better Safe Haven Right Now?

    The recent market volatility and fears over a potential currency war between the U.S. and China have investors looking for a safe place to stash their cash while they wait out a period of uncertainty. The Grayscale Bitcoin Trust (Btc) (OTC: GBTC) is up 284.6%, the SPDR Gold Trust (NYSE: GLD) is up 16.6% and the INVESCO DB USD /BULLISH FD (NYSE: UUP) is up 3.8%.

  • Motley Fool

    Stock Market News: Gold Soars Above $1,500; CVS Looks Healthy

    Wednesday morning brought selling for the stock market.

  • How to Bet on Gold Surge With ETFs & Stocks
    Zacks

    How to Bet on Gold Surge With ETFs & Stocks

    Given the optimism and intense buying pressure on gold, investors have a long list of options, in both the ETF & stock world, to tap the metal's rally.

  • Market Exclusive

    Market Morning: Gold Breaks $1,500, World Watches Yuan, Bezos Sells, Fed Chairs Unite

    Gold Briefly Breaks Through $1,500, JPMorgan Says Buy JPMorgan (NYSE:JPM) is coming out as a gold bull, though a little late in the game since gold (NYSEARCA:GLD) has been rising for nearly 4 years now since bottoming at $1,045 in December of 2015. The big bank had some choice words about the US dollar (NYSEARCA:UUP) […]The post Market Morning: Gold Breaks $1,500, World Watches Yuan, Bezos Sells, Fed Chairs Unite appeared first on Market Exclusive.

  • Should You Buy Gold ETFs Now?
    Zacks

    Should You Buy Gold ETFs Now?

    Learn more about the outlook for gold ETFs and the world's biggest gold coin produced by the Perth Mint.

  • Gold ETFs & the World's Largest Gold Coin
    Zacks

    Gold ETFs & the World's Largest Gold Coin

    Learn more about the outlook for gold ETFs and the world's biggest gold coin produced by the Perth Mint.

  • Gold futures book third straight gain, hold near 6-year high
    MarketWatch

    Gold futures book third straight gain, hold near 6-year high

    Gold prices on Tuesday finish regular trade modestly higher, marking a third straight gain a day after the precious metal extended its rally toward fresh six-year highs, amid escalating trade policy tensions between China and the U.S.

  • Solid growth for gold
    Yahoo Finance Video

    Solid growth for gold

    The demand for gold rose 8% in the second quarter, according to the World Gold Council. Central banks and ETF buyers helped drive that demand, taking in $2.5 billion in net new inflows thus far this year. Matthew Bartolini of State Street Global Advisors joins Yahoo Finance’s Adam Shapiro and Julie Hyman to discuss.