|Bid||45.18 x 3200|
|Ask||45.43 x 1000|
|Day's Range||45.23 - 45.99|
|52 Week Range||28.25 - 46.20|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||51.72%|
|Beta (3Y Monthly)||1.12|
|Expense Ratio (net)||0.42%|
Despite the age-old trend of a Santa rally, 2018 was a massive downer. Since 2019 is giving the same cues, investors can seek refuge in these safer ETFs.
Despite occasional trade tensions, U.S. equity gauges have added solid gains this year. But these sector ETFs handily beat the soaring broader market.
The U.S. housing sector saw a pause recently as land and labor shortages continued. This appears to be an entry point for investors as the trend is likely to reverse on upbeat data that may renew confidence in the space.
The home builder sector took a hit Tuesday, as a disappointing earnings report from Home Depot Inc. overshadowed some upbeat housing market data for October. The iShares U.S. Home Construction ETF fell 0.3%, with 21 of 38 components losing ground, and the SPDR S&P Homebuilders ETF shed 0.7% with 23 of 28 components falling. The 5.2% selloff in Home Depot's stock paced the losers of both ETFs. Among other top decliners, shares of Williams-Sonoma Inc. lost 2.8%, Lumber Liquidators Holdings Inc. gave up 2.8% and Leggett & Platt Inc. dropped 2.2%. Separately, housing starts in October rose a little less than expected but building permits rose well above expectations.
Prominent housing stocks put up an impressive show in the recently-reported quarter. The industry players, with solid Zacks Ranks, hold potential despite subdued home sales.
The latest spike in long-term bond yields may be negative for housing ETFs, but gradual adoption of technology in the space could prove to be a shot in the arm.
Since the start of the fourth quarter, Wall Street is witnessing new highs on the back of a better-than-expected earnings season, easing policies and trade deal optimism.
Homebuilder stocks and sector ETFs are building up as U.S. construction spending rose more than expected and investment in home construction hit its highest level in nine months.
Homebuilder stocks and sector ETFs are building up as U.S. construction spending rose more than expected and investment in home construction hit its highest level in nine months. On Friday, the SPDR S&P ...
It may seem counter-intuitive but home builder stocks are a strong cyclical buy, according to several analysts citing multiple data points, and they’re also a seasonal play for late October into early November.
Caterpillar disappointed investors in Wednesday’s trading session as the construction equipment manufacturer missed analysts’ expectations for its third-quarter earnings results and lowered its forecast for the rest of the year. This kept ETF investors who were looking for signs of construction strength translating to real estate strength at bay. The company also lowered its full-year earnings per share forecast to a range of $10.59 and $11.09 from $12.06 and $13.06 a share.