|Bid||0.00 x 1800|
|Ask||149.54 x 800|
|Day's Range||149.79 - 151.09|
|52 Week Range||125.81 - 173.39|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.24|
|Expense Ratio (net)||0.19%|
As investors have recently eschewed some riskier market segments, the iShares Russell 2000 ETF (IWM) , the largest ETF tracking smaller companies, is lower by almost 1% this month, but that does not mean investors should IWM and rival small-cap ETFs in June. Actually, historical data indicate the opposite is true. Good news: historical data confirm IWM is a winner in June, a month not usually known for being kind to stocks.
Earnings of the S&P 600 are down 18.3% year over year so far on 3.1% revenue growth, with 57.1% beating EPS estimates and 56.3% surpassing top-line expectations.
Profit taking has been prevalent, but U.S. economic strength and the market's tendency to bounce inspire continued bullishness.
In a turbulent day for the markets, the S&P 500 broke a key support level and gold invalidated a bearish head and shoulders pattern.
We look at the differences in investing in an S&P 500 and the Russell 2000 exchange-traded funds, and when to choose the one over the other.
While the market is at a congestion point spurred by a mid-earnings trade tweet, it may be best to look past media fear-mongering.
Technically speaking, notable S&P 500 support is under siege to start May, placing the near-term trend in question, writes Michael Ashbaugh.
Market players used up a substantial amount of buying power yesterday as they drove the indices straight up from the open and were unable to duplicate the effort so far this morning. The dip buyers just didn't have the conviction today and quickly turned into sellers as soon as the open low was breached.
The market is set to gap down for the second day in a row as it becomes clear that the U.S. will follow through with increased tariffs on China. President Trump warned on Sunday that this move was coming and U.S. Trade Representative Robert Lighthizer confirmed Monday night that the tariffs would be put in place at midnight on Thursday night. There are a number of reports that China is not willing to provide any further concessions.
The U.S.-China trade tensions flared up all over again with Trump planning an increase in tariffs. One can counter the threat with these ETFs.
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Market players were caught by surprise after President Trump tweeted on Sunday that he was looking to raise tariffs on Chinese goods because he was unhappy with the progress of negotiations. There were some very loud "I told you so's" from bears that have been consistently skeptical about a deal as well as a small amount of panic in the air as Chinese markets were pounded. Market players immediately bought the dip and then gained confidence as the day progressed.
The Federal Open Market Committee decision on Wednesday was unremarkable but the market sold off on the news and elevated the hopes of the bears that were looking for a market turn. Suddenly the failure of the Fed to be even more dovish didn't seem that bad after much stronger-than-expected economic news. With major earnings reports over, nothing newly dovish from the Fed and the start of negative seasonality it made good sense for the market to soften after a tremendous rally since the December lows.
The jobs report for April smashed expectations and that's leading to a strong rally on Friday. It's got a lot of high-quality companies rallying on the day too. Let's take a look at our top stock trades to watch on Monday. Top Stock Trades for Tomorrow 1: AmazonAmazon (NASDAQ:AMZN) posted a big breakout over $1,750 in March. InvestorPlace readers nailed that trade as AMZN trended higher into earnings a few weeks ago.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPost-earnings, AMZN found resistance at $1,950 and on Thursday, it posted a sweet bounce off the 21-day moving average. As tempting of a buy as this was, some investors were unsure of the market's climate thanks to Fed comments a day earlier. * 5 Stocks to Sell in May Before Investors Go Away Now shares are bursting through $1,950 after Buffett's Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) has taken a position in the name (although not by Buffett himself). In any regard, this opens up the door to channel resistance near $2,000 and its all-time highs at $2,050 above that.Above the 20-day moving average and uptrend support, and I don't see any reason to turn bearish on Amazon now. Top Stock Trades for Tomorrow 2: U.S. SteelU.S. Steel (NYSE:X) is ripping on Friday, up 17% on better-than-expected earnings. This week, the stock broke below last week's low and made new lows. Importantly though, the stock reclaimed last week's lows and took out last week's highs.That's a really encouraging setup, especially for a volatile name like X. I would like this name a lot more over $18. That means X would have to clear downtrend resistance and the 20-day moving average, but it would give a lot more room to the upside. Top Stock Trades for Tomorrow 3: Small CapsThe iShares Russell 2000 ETF (NYSEARCA:IWM) is up nicely on the day, climbing over 1.5% and finally breaking out over resistance. We flagged this one a few days ago and have been patiently waiting for some action.With the RSI (blue circle) nowhere near overbought and the IWM severely lagging other large cap U.S. indices, this one could gain some serious momentum into next week. Below $158-ish, and this one becomes discouraging.For those that didn't go long on Thursday or Friday, look for a quick pullback early next week into the $158 to $159 area and for this area to hold as support. Otherwise, it might be time to look for other setups. Top Stock Trades for Tomorrow 4: CBOEShares of CBOE (NYSE:CBOE) are barely moving, up 1.5%, despite a top- and bottom-line earnings beat on Friday morning.The stock has been clinging to its 10-week moving average and pushed above its 50-week moving average three weeks ago. It continues to find this level as support going forward, so keep that in mind if you have a long position and are looking for a good stop-loss.A little below the two-week low looks like a good spot for one, but as long as it holds $98, CBOE still looks good on the long side. It's flirting with a bigger breakout over downtrend resistance (purple line), which would send it to the 200-week moving average. Above that and CBOE has room to $107.50. Top Stock Trades for Tomorrow 5: MicronTalk about watching paint dry. We were lucky and hit a couple of breakouts this week in Johnson & Johnson (NYSE:JNJ) and Alibaba (NYSE:BABA). But the moves have been underway for weeks now, which is exactly the type of action that burns short-term options buyers.In any regard, this Micron (NASDAQ:MU) trade has yet to breakout -- and it's taking a painstakingly long time to find out. The stock is flirting with a big move over $44 and I'm not sure when or if that move will pan out. In any regard, MU should be on investors' radar.There are a few caution flags though.This stock was making a series of higher lows (purple arrows) until last Friday. While the stock recovered the losses intraday and closed above its prior low, its lows did negate that trend. It's not the end of the world, but something to note. Further, notice how the stock is creeping up along the backside of prior uptrend support. Is it starting to act as resistance? Perhaps. * 10 Cheap Stocks to Buy Now If Micron can't get above $43.50, it may start notching lower highs. Admittedly, MU is a bit of a mixed bag right here in the short term. Let it play out and see if it can breakout over $44. Be careful of a false breakout, which MU has done for its last two moves over $44.I would love a strong gap up early next week back over uptrend support and into $44 to setup a possible breakout.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN and IWM. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post 5 Top Stock Trades for Monday: AMZN, X, IWM, MU appeared first on InvestorPlace.
Small capitalization stocks and related small-cap ETFs have not been as quick to rebound, following last year’s rout, but the stronger U.S. dollar may help lay the ground work for this category to outperform. ...
Record high U.S. market in April was the result of a strong economy, slew of unicorn IPOs, stabilization in the oil patch, better-than-expected corporate earnings and a dovish Fed.
The U.S. economic growth in the first quarter breezed past expectations and marked the best first-quarter growth in four years. These ETF areas should gain from this momentum.