|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||62.17 - 62.79|
|52 Week Range||53.75 - 66.04|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Amid growing volatility across the global financial markets, active traders have been busy looking for relatively safe places to put their money. The behemoth companies within the financial sector such as The Goldman Sachs Group, Inc. ( GS) and JPMorgan Chase & Co. ( JPM) tend to dominate the headlines. For example, the recent news that Goldman Sachs is reportedly backing away from its places to open a bitcoin trading desk essentially eliminated the probability that the smaller regional banks received any mainstream attention.
A top-down approach first looks at the direction of the broader stock market, then digs into the bullish or bearish trends in the different sectors and industries until finally arriving at single-name stocks worth buying/selling according to those trends. While trading single-name stocks certainly makes sense much of the time, over the years I have found great success making bets and playing trends and breakouts on sectors and industries using ETFs such as the KRE ETF.
Second-quarter earnings arrived for big banks in earnest last Friday amid a spate of reports from the financial services sector. Exchange traded funds tracking financial services stocks were tested last ...
Key index funds were mixed Friday as the Dow industrials led but the tech-heavy Nasdaq composite lagged. Bank ETFs were lower.
Instead, there are some specific market sectors that offer better performances for a much more sizzling return for this summer and into the fall. This has affected both global oil prices as tracked by Brent crude price and West Texas Intermediate (WTI) for U.S. crude.
The financial sector got a much-needed boost in the markets today with the Federal Reserve’s latest decision to greenlight the buyback of tens of millions of dollars worth of stock and increase quarterly ...
Overall, it hasn't been a good year for the financial sector as evidenced by the S&P 500 Financials index down 1.71 percent year-to-date. Things could get more interesting if blockchain technology, the underlying technology that forms the basis of cryptocurrencies, takes off and disrupts or vastly improves the industry. The two bucking the downtrend are SPDR S&P Regional Banking ETF (KRE) --up 7.47% year-to-date and SPDR S&P Bank ETF (KBE) --up 3.28% year-to-date.
Dow Jones stock Goldman Sachs rose Monday ahead of this week's Federal Reserve monetary policy meeting, which could give bank stocks a boost.
Investors should keep a close eye on the ETFs that are especially volatile this week with key events like Fed and ECB meeting as well as US-North Korea summit.
This article was originally published on ETFTrends.com. It has been awhile since the banking sector saw a legitimate wave of consolidation. In a sign that that could be changing, Fifth Third Bancorp (FITB) said Monday it will acquire rival MB Financial (MBFI) for $4.7 billion.
The first quarter of 2018 wasn’t exactly that wonderful for investors. It started out just fine — driven by rising GDP growth and expectations of the new Republican tax plan … but then things sort of fell out. Volatility returned with a vengeance and the market entered a downward spiral. The benchmark SPDR S&P 500 ETF Trust (NYSEARCA:SPY) dropped 2.64% in March after a 3.89% decline in February. All in all, the SPY managed to lose about 1.17% over the entire first quarter.
With Treasury yields continuing to flirt with the important 3% area, some rate-sensitive asset classes are benefiting, including regional bank stocks and the related exchange traded funds. The SPDR S&P ...
Netflix impressed, yet again, by surpassing sky-high subscription estimates, ranking first on this week’s list. The unexpected shift to a more peaceful approach from the North Korean authorities, coupled with the upcoming summit between the two neighbors of the Korean Peninsula, put South Korea into the spotlight these past few days. Regional banks are set to capitalize on rising interest rates and deregulation, while commodities, particularly aluminum prices, whipsawed on strong demand, trade conflicts and U.S. sanctions. Check out our previous trends edition at Trending: Investors Apathetic to Barclays’ $1.2 Billion ETN Shutoff.
Key market index funds were down across the board as General Electric weighed on the Dow but Boeing soared on its earnings report.
The SPDR S&P Regional Banking ETF (NYSEArca: KRE), the largest regional bank exchange traded fund, has recently given back the bulk of its 2018 gains, but some analysts remain enthusiastic about the prospects ...
One of the relatively newer sets of exchange-traded funds in the market are known as “smart beta” funds. Smart beta ETFs are created by taking a very specific approach to an index, such that it kind of becomes a subset of a particular index. Smart beta ETFs may also derive from some kind of market inefficiency that a computer or fund manager notices.