63.10 +0.14 (0.22%)
After hours: 6:29PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||61.76 - 62.99|
|52 Week Range||49.31 - 63.96|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
The Direxion Daily Regional Banks Bull 3X Shares (NYSE:WDRW) gained more than 4 percent Wednesday after minutes from the Federal Reserve's most recent meeting revealed that the central banks sees an “ ...
Exchange-traded funds that track the banking sector surged on Wednesday, after minutes from the Federal Reserve's most recent meeting pointed to higher odds for more rate hikes going forward. The SPDR ...
The SPDR S&P Regional Banking ETF (NYSEArca: KRE), the largest regional bank ETF, is up nearly 3% to start 2018 and some options traders are taking another look at the popular fund. KRE and rival regional ...
As an executive with a fund company that prides itself on bottom-up stock picking, Franklin's Peter Langerman isn't all that comfortable with making market pronouncements, especially in times of sudden volatility. "Our primary job is looking at securities and not on making market predictions," says Langerman, the CEO of Franklin Mutual Advisers, a $65-billion-asset investment arm of colossus Franklin Templeton Investments. It’s an indication that the economy is moving along reasonably well," says Langerman, who is also a portfolio co-manager with several Franklin funds.
Stock markets have received mixed signals of late, as bond yields rose across the board while stock prices continued their advance. Inverse bonds, which benefited from the move to equities, took first place in the trends’ list this week. Wheat ETFs were second as the agricultural commodity is forecasted to have hard times ahead. Regional banks were third, while transportation and financials closed out the list. Check out our previous trends edition at Trending: Cocoa Doomsayers Put Embattled Commodity in Spotlight.
Largely absent during the economy’s eight-year recovery from the financial crisis, inflation is on track to pick up in 2018—and it might just catch investors off-guard. The core consumer price index, which strips out energy and food, was up just 1.7% year over year in November. “An unanticipated acceleration in inflation is probably the biggest risk for markets in 2018,” says Larry Hatheway, chief economist at GAM Investments and head of GAM Investment Solutions.
Wedbush's Peter Winter and David Chiaverini have a review of the regional banking sector Thursday, writing that even though the stocks have rallied since September, there's still more room for them to run. Since our 2018 EPS estimates now incorporate a lower tax rate, we are lowering our target P/E multiple for the regional banks to 13.2x vs. 14.1x and to 15.0x vs. 16.0x for the mid-caps.
After negotiating on two versions of the bill already passed by the House and Senate, Republicans unveiled their final tax bill — which would reshape the tax code in three decades, making America more competitive. The Congress will vote on the legislation on Tuesday and sent it to President Donald Trump for his signature by the end of the year.Source: Shutterstock
Stocks held modest gains Monday as Apple and Disney led the Dow, and Bitcoin's price leapt following a futures launch.
Bank stocks have awoken just in time for the holidays. Look no further than the SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) to chronicle the excitement. KRE and its companion ETF, the Financials Sector SPDR Fund (NYSEARCA:XLF), both screamed higher adding some 20% to their coffers in short order.
As much of the equity market marches to new highs on Monday, I'm keeping an eye on two groups of stocks specifically — energy and banks.
The Federal Reserve is slated to meet later this month, and many bond market observers are expecting 2017's third interest rate hike to be the result. In anticipation of a rate hike, the financial services ...
Yahoo Finance's LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:25 a.m. ET.
The S&P Regional Banks Select Industry Index, one of the most widely followed gauges of regional bank stocks, jumped 3 percent last week. That could be a sign some traders are betting asset that are positively ...
Tuesday saw breakouts in many areas of the U.S. stock market once again. Most notably in my eye was the move in financials like banking stocks, and in particular regional banks as represented by the SPDR KBW Regional Banking ETF (NYSEARCA:KRE). Active investors would be wise to take note in this move in the KRE ETF, as it looks to be gaining steam in multiple time frames.
Major financial stocks have had a pretty good year in 2017. Big names like Citigroup Inc (NYSE:C) and Bank of America Corp (NYSE:BAC) have jumped roughly 20% since Jan. 1 to outperform the S&P 500’s 16% gain. What’s more, the best is yet to come for bank stocks and financial exchange-traded funds as we enter 2018.
Shares of regional banking stocks such as Regions Financial Corp (NYSE:RF) had a good couple of green days thus far this week and look set to continue higher over the near to possibly intermediate term. RF stock is higher by about 9% for the year, all of which thanks to a strong rally in the broader financial sector since early September. One of my fourth-quarter themes that I laid out for clients in early October and continue to reiterate is that of a continued bid in financial stocks due to a bid in interest rates.