|Bid||180.91 x 1800|
|Ask||181.02 x 2900|
|Day's Range||180.34 - 181.20|
|52 Week Range||140.18 - 182.93|
|PE Ratio (TTM)||10.16|
|Expense Ratio (net)||0.20%|
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after the Producer Price Index for July showed no increase on the headline number, with the -ex food and ex-energy number showing a 0.1% increase, lower than Wall Street expectations.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Canada Goose reported quarterly earnings that beat Wall Street expectations for revenue and posted a quarterly loss that was less than the Street expected.
Geopolitical risks have been significant for equity investors this year. Toward the end of 2017, we saw some upward momentum in the equity markets. Metals and mining stocks such as Freeport-McMoRan (FCX) were among the biggest gainers in December 2017 as the bulls pitched the idea of synchronized global growth for 2018.
HP (HPQ) stock has returned 26% in the last 12 months, 4% in the last month, and 6.3% in the last three months. It rose 30% in 2016 and 46% in 2017. Since the start of 2018, it has risen 15.5%.
Judging by recent Wall Street commentary, investors are starting to notice liquidity again, meaning they’re noticing the lack of it. The most noticeable sign came earlier in the year with volatility spiking following the stock market plunge in late January. Although the subsequent rebound makes the selloff look like a mere correction, investors should heed it as a warning sign that liquidity is drying up amid Federal Reserve monetary tightening and other global central banks becoming less accommodative, literally cutting off the supply of fresh capital, according to Business Insider.
The US consumer price index (or CPI) for July rose 0.2% sequentially and 2.9% over the last 12 months. The core CPI, which excludes the volatile food and energy components, rose by 2.4% in the 12 months to July, which was the largest increase in core CPI since September 2008. In June, core CPI rose by 2.3%.
While the U.S. economy remains relatively strong, concerns about Turkey and other emerging markets could be a drag on the major U.S. indexes this week.
Henry Kissinger recently called Donald Trump one of those occasional, critical figures in history that marks the end of one era and the beginning of a new one. The new era represents an equally significant juncture for the financial markets, says Larry Jeddeloh, founder of the Institutional Strategist newsletter and the Minneapolis-based institutional research firm TIS Group. Jeddeloh advises sovereign wealth funds, macro funds, companies, and a range of investors.
A currency crisis is currently rattling the world markets. Today, the Turkish lira (TUR) has plunged 20% against the US dollar (UUP), bringing its YTD (year-to-date) fall to 42%. The markets fear that this will spread to other regions, especially emerging markets (EEM).
Technology stocks have delivered market-beating performance for a decade, but the end is near for their extended period of dominance, according to analysis by RBC Capital Markets, as cited by Barron's. Lori Calvasina, head U.S. equity strategist at RBC, has been bearish on the technology sector since April, and recently reiterated her underweight rating for it, unmoved by the market's strong positive response to an upbeat earnings release from FAANG and FAAMG member Apple Inc. ( AAPL). The six red flags that she raises about tech stocks are listed below.
The Nasdaq composite eked out a small gain and small caps led the stock market Thursday, even after sellers swarmed in the closing moments.
The US (IVV)(QQQ) employment data for July was released on August 3. The job additions in July reached only 157,000, lower than the expectations of 190,000 job additions. Business and professional services gained 51,000 jobs, and the manufacturing (XLI)(CARZ) sector added a healthy 37,000 jobs.