|Bid||160.72 x 1200|
|Ask||160.89 x 800|
|Day's Range||160.71 - 163.81|
|52 Week Range||150.13 - 187.53|
|PE Ratio (TTM)||9.06|
|Beta (3Y Monthly)||1.18|
|Expense Ratio (net)||0.20%|
NEW YORK, Dec. 14, 2018 -- Nasdaq (Nasdaq: NDAQ) today announced the results of the annual re-ranking of the NASDAQ-100 Index® (Nasdaq: NDX), which will become effective prior.
According to a report by the World Gold Council (or WGC), holdings in gold ETFs rose for the second consecutive month in November to 21.2 tons to a total of 2,365 tons. It also said that the global gold-backed ETF flows are now positive in US dollar (UUP) terms for the year. ETF flows were positive for the first time in four months. The renewed buying interest from investors was on account of increased market volatility and the equity market sell-off.
Could Market Risks Bring Investors Back to Gold in 2019? Last week turned out to be great for gold prices (GLD). As equity and bond markets continued to struggle, gold made the best of the situation.
The broader market sell-off that began in October doesn’t seem to be stopping anytime soon. On the fundamental side, investors’ worries related to rising interest rates and global trade tensions were the two key reasons for this sell-off in October. Federal Reserve Chair Jerome Powell’s dovish comments in November helped US equities to regain investors’ confidence to some extent.
Silver prices have fallen almost three times as much as gold prices have in 2018 thus far. While the SPDR Gold Trust (GLD) has fallen 4.8% year-to-date, the iShares Silver Trust (SLV) has fallen 14.6% in the same period. Silver (SIL), on the other hand, has had no such luck.
The broader market sell-off is intensifying as US-China trade uncertainties and concerns over the slowing global economy are badly hurting investors’ sentiments. However, some stocks are still giving investors a reason to celebrate.
Apple (AAPL) has been facing troubles in the fourth quarter due to factors ranging from reports of weakening new iPhone sales to fears about tariffs on its Chinese imports into the US. The company’s stock is approaching its six-month low again. Today around 10:30 AM EST, the stock posted a day low of $166.11, down 2.8% from its previous day’s closing price. This level was not far away from Apple’s six-month low of $163.33 posted on Monday this week.
Apple (AAPL) is continuing to lose investors’ confidence in the fourth quarter. Apple stock has already fallen 24.3% sequentially as of December 13. Apple investors (XLK) are concerned about weak new iPhone sales and tariffs in the fourth quarter. On December 14 at 10:10 AM EST, Apple stock fell 2.2% from the previous session’s closing price.
Strong domestic Retail Sales have added importance today, when we see Retail numbers for China missing expectations, helping send Asian markets lower overnight.
The stock of Chinese electric carmaker NIO (NIO) has been highly volatile since its listing on the New York Stock Exchange in September 2018. The company is set to launch its ES6, its much-awaited five-seat SUV, on December 15. Before we discuss more on the ES6, let’s first find out how NIO’s stock is faring before the vehicle launch event.
This is a special edition of the ETFdb.com scorecard that delves into the annual performance of some of the key funds. The performance is measured from January 1 to November 30.
Today, the stock of KushCo Holdings (KSHB), one of the key packaging supplies providers to the cannabis industry, is trading on a negative note. US-China trade tensions have hurt many large US companies, including Ford Motor Company (F), General Motors (GM), and Harley-Davidson (HOG), among others. In contrast, the cannabis industry is largely unaffected by the global trade war—at least so far.
The market is down, the VIX is down, and there is no bid anywhere for put premium. As I look across my screen Thursday almost all of the trades I see are VIX January call sales or put buys. Protection is being offered, and risk premium feels HEAVY.
With the bloodbath that is XPO Logistics Inc. (NYSE: XPO) being in the headlines today, I could not help but to think back to December 2017 when Home Depot Inc. (NYSE: HD) was said to be considering an offer for the company just to keep it out of the hands of Amazon Inc. (Nasdaq: AMZN).
The broader stock market has seen increased turbulence over the past couple of months. The area of the stock market where investors felt this most severely was the large-cap technology stocks as represented by the popular PowerShares QQQ ETF (NASDAQ:QQQ). It is my sense that the QQQ ETF has plenty more downside in 2019 and more volatility for active investors and traders to feast on.
Tech giant Apple (AAPL) is up over 1% today after it revealed its plans to build a new campus in Texas with an investment of $1 billion. The move could be an attempt to please President Donald Trump, who recently indicated that he planned to impose tariffs on Apple’s Chinese imports. At 11:01 AM EST on December 13, Apple stock was up 1.2% from its previous day’s closing price despite a minor fall of 0.1% in the S&P 500 Index (SPY) at the same time.
The United States (QQQ) wants China (FXI) to lower its trade deficit with the United States, address intellectual property theft cases, and stop its industrial subsidy, especially under the Made in China 2025 program.
Mario Draghi mentioned that the central bank would still be ready to make needed adjustments to the Eurozone economy, but right now, the ending of the bank's Quantitative Easing (QE) program will go on as expected.
Shares of telecommunications equipment company Ericsson (ERIC) have risen 34.3% in 2018. The stock is currently trading at $8.79, 46.5% above its 52-week low of $6.00. Ericsson has outperformed its peers and the indexes in 2018.
While experiencing some selling pressure in the last few hours of the trading session, investors are enjoying yet another rally in the stock market. The SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) has been in a sharp rebound this week, a welcome sight for the bulls.
The S&P 500 Index (SPY) has lost about 4.5% while the NASDAQ Composite Index has lost 3.5% month-to-date as of December 11. Concerns about the global economic slowdown and US–China trade tensions have hurt market sentiment (QQQ) this month. In contrast, December is proving to be a great month for some companies—and the largest Chinese used car e-commerce platform, Uxin (UXIN), is certainly one of the top performers.
As of December 11, Apple stock has lost about 25.3% sequentially compared to a 9.5% and 12.1% drop seen in the S&P 500 Index (SPY) and the NASDAQ Composite Index (QQQ), respectively. On December 12, Apple seems to be on a recovery path. At 10:11 AM EST, Apple was trading at $171.03 with 1.4% gains.
Has President Trump Lost His Mojo to Lift Markets? President Trump’s tweets have impacted markets’ price action in 2018. Lately, markets (QQQ) have reacted sharply to some of President Trump’s tweets. Stocks fell sharply after President Trump’s “tariff man” tweet.