|Bid||162.0800 x 3000|
|Ask||162.0900 x 800|
|Day's Range||161.66 - 163.81|
|52 Week Range||150.13 - 187.53|
|PE Ratio (TTM)||9.12|
|Beta (3Y Monthly)||1.18|
|Expense Ratio (net)||0.20%|
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.
The Invesco QQQ (QQQ) , which tracks the tech-heavy Nasdaq-100 Index, is off nearly 11% in the fourth quarter and erosion in the FANG trade is a major reason why QQQ is struggling. Investors have been spooked by copious amounts of volatility after a decade-long bull run that has seen the growth fueled by FANG stocks dwindle as the technology sector fell into correction territory. “The current bull market has provided strong returns over an extended period, but it has been the small group of FANG stocks that has captivated investors, achieving great notoriety in the last decade,” said Invesco in a recent note.
Will BlackBerry Beat Estimates in Third Quarter of Fiscal 2019? BlackBerry (BB) stock fell 28% in 2016 and rose 52% in 2017. In comparison, the SPDR S&P 500 ETF (SPY) and the PowerShares QQQ Trust, Series 1 ETF (QQQ) have returned 0.3% and 5.3%, respectively, in 2018. SPY has risen 1.3% in the last year and 37% in the last three years. QQQ has risen 6.2% in the last year and 49% in the last three years.
Futures are Up, But May No Confidence Vote Could Roil Markets Stock futures are up early this morning, with the tech-heavy Nasdaq (NASDAQ:QQQ) bouncing over 1% higher in the premarket and the S&P 500 (NYSEARCA:SPY) and Dow (NYSEARCA:DIA) not too far behind, but there could be a fly in the ointment here. News came out […] The post Market Morning: Futures Up but UK Vote on May Looms, Shutdown Threat, Macron Makes A Move appeared first on Market Exclusive.
In the meantime, here are a few must-see stock charts. Let’s start with the PowerShares QQQ ETF (NASDAQ:QQQ), an ETF that closely mirrors the Nasdaq index. After a strong reversal on Monday and some continuation on Tuesday, the QQQ has gained some bullish momentum.
The U.S. stock market, as represented by the Dow Jones Industrial Average, was down 500 points Monday. Please click here for an annotated day chart of Apple (AAPL) stock. Please click here for Apple’s intraday chart.