|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's Range||193.03 - 194.55|
|52 Week Range||155.02 - 207.47|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
On its surface, the meeting with U.S. President Donald Trump and North Korean leader Kim Jong-un may have proven to be a success in terms of establishing a peace agreement and denuclearization, but aerospace and defense ETFs got nuked in the process on Tuesday. Before the close of the market, aerospace and defense ETFs were having their worst day since May 31.
It’s artificial intelligence up, but guns down for Google as the Mountain View, California-based search engine giant shot down any notion that its latest technology would be used as weaponry. This assertion ...
Are Trade Wars Improving the US Trade Deficit? The US international trade deficit decreased to $46.2 billion in April—a healthy decline compared to the revised March reading of $47.2 billion. The report was prepared by the U.S. Bureau of Economic Analysis and the Census Bureau.
Durable goods orders reflect new orders placed with domestic manufacturers to deliver high-value factory hard goods. The durable goods orders in April were reported below the market expectations. The durable goods orders decreased by $4.2 billion or 1.7% to $248.5 billion.
Uncertainty over U.S./North Korean relations continues to support defense stocks. These three ETFs provide exposure to increased defense spending.
Boeing (BA) was the only major industrial company that flew high during the February 2018 mass sell-off in the market. Business-wise, 2018 appears to be rosy from the guidance issued by Boeing. Given the backlog levels, Boeing expects a moderate new order intake in 2018.
Boeing (BA) operates in a highly capital-intensive industry. The planemaker has to invest on a regular basis in research and development in new aircraft manufacturing, innovation, and technology upgrades. Companies operating in this space keep their rivals at bay only through a solid investment in innovation and research.
Defense ETFs have been gaining strength in recent times thanks to a host of factors and made themselves a must-watch this Memorial Day.
On May 22, crude oil (DBO) rose towards $80.0 per barrel. The surge in the price was due to concerns over dwindling Venezuelan crude output as well as a potential fall in Iranian exports. The deal among the OPEC (Organization of the Petroleum Exporting Countries) and Russia to trim oil supply coupled with a solid global demand has fueled the recent oil price rally.
On May 8, President Donald Trump announced that the US would withdraw from the nuclear deal with Iran. The statement resurrected fears of the US re-imposing sanctions on Iran. President Trump was of the view that Iran has used the nuclear pact and diverted oil receipts to create anarchy in the Middle East.
The US Census Bureau publishes a monthly report that tracks new orders for machinery, tools, and equipment for US industries. This data is released by the US Census Bureau through the Manufacturer’s Shipments, Inventories, and Orders (or M3) survey. Capex spending by industry can be assessed through this economic indicator.
The US Bureau of Labor Statistics conducts the monthly establishment survey and reports the number of hours worked by the manufacturing (FXR) sector workers. The manufacturing sector (ITA) employs a large portion of the US workforce, and increasing worker hours is a strong signal for the economy. Increasing working hours in the manufacturing sector (IYJ) is a sign that employers are anticipating higher demand in the future, which is a positive sign for the economy.
On March 31, Boeing (BA) had cash and cash equivalents of $9.2 billion, up ~$400.0 million from $8.2 billion on December 31, 2017. The aircraft manufacturer has paid cash dividends on common stock every year since 1942. FCF (free cash flow) is calculated by subtracting capital expenditure from operating cash flows.
Different people interpret the VIX different ways. For some, a low VIX and dropping volatility signal a good time to invest, basically seeing the overall volatility and worry come down in the market. For others, it is a sign of complacency. Both are right. When you look at last year’s low VIX persistent throughout the year, coupled with high returns of close to 20% for the S&P 500 (SPY) and close to 30% for the Nasdaq Comp (QQQ), one would conclude that lower VIX = better. But in January when the VIX bottomed below 9 before ballooning to over 50 in February, low VIX = worse. So which one?
Defense stocks surged higher this week ahead of and following news that the U.S. will pull out of the Iran nuclear deal. This bullish price action could mark the end of a sector correction that started after North Korea opened dialogue about lowering tensions on the Korean Peninsula. The defense sector has gained significant ground since the 2016 election, with the new president promising to increase military spending to record levels.
It's Surprising that President Trump Isn't Tweeting about ThisUS trade deficit saw largest monthly decline since 2009
Durable goods orders are an economic indicator that shows new orders placed with domestic manufacturers for delivery of high-value factory hard goods. The US Census Bureau publishes this report and the data required to prepare this report is collated from the US Census Bureau’s “Manufacturers’ Shipments, Inventories, and Orders (M3)” survey. The durable goods orders report for March was released on April 26.
The Institute for Supply Management (or ISM) publishes a monthly manufacturing (ITA) report that gives insight into manufacturing activity in the US. The key reason for the drop in the manufacturing (IGA) index was the decline in employment and new domestic and export orders.
How will the U.S.-China tariffs affect ETFs holding stocks that are caught in the trade war crossfire?
Aerospace and defense ETFs, including the iShares U.S. Aerospace & Defense ETF (BATS: ITA), are being hampered by increasing trade tensions between the U.S. and China with Boeing Co. (NYSE: BA), a major ...