|Bid||279.27 x 1100|
|Ask||279.30 x 900|
|Day's Range||279.18 - 283.80|
|52 Week Range||233.76 - 293.94|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.00|
|Expense Ratio (net)||0.09%|
The markets next week will be focused on the Apple's surprise product unveiling Monday, as well as housing and consumer confidence numbers.
How Does Warren Buffett View Berkshire Hathaway?(Continued from Prior Part)Berkshire Hathaway In his 2018 annual shareholder letter, Warren Buffett, Berkshire Hathaway’s (BRK-B) chairman, shared his views on how to measure the company’s intrinsic
Mario Draghi: Is another ‘Whatever It Takes’ Moment at Hand?Mario Draghi Today, we got another round of dismal data points from Europe (VGK)(EZU). According to a Markit survey, Germany’s (EWG) March PMI Composite Output Index fell to a
Where US Crude Oil Could Head by the End of MarchOil’s implied volatility On March 21, US crude oil’s implied volatility was 24.9%, which was 6.7% below its 15-day average. Usually, lower implied volatility supports oil prices. You can see the
The Latest on Tech Stocks Apple, Google, Disney, and NetflixThe NASDAQ Composite Index is headed for another weekly gain The tech-heavy NASDAQ Composite Index (QQQ) is on track to post its 12th weekly gain in 13 weeks. The index rebounded 3.8% in
Fed’s Dovish Stance Surprised Jeffrey Gundlach(Continued from Prior Part)Gundlach on the Fed’s rate hike outlook Jeffrey Gundlach mentioned that while he predicted that the Fed would go down from two expected hikes in 2019 to 0.5 hikes, the Fed
Could Gold Prices Rise as Market Concerns Increase?Gold prices gain due to weak Eurozone data On March 22, gold prices (NUGT) have been gaining due to safe-haven bids led by weaker-than-expected economic data from the Eurozone (HEDJ). The data
Fed’s Dovish Stance Surprised Jeffrey GundlachFed’s dovish tone While talking to CNBC on March 21, the “bond king” and DoubleLine founder, Jeffrey Gundlach shared his views on the Fed’s recent meeting and what it could mean for the
Is Oil's Rise Purely Based on Supply Deficits?US equity indexesOn March 14–21, US equity indexes had the following correlations with US crude oil May futures:the Dow Jones Industrial Average (DIA): -74.8%the S&P 500 (SPY): -68.1%the S&P
Oil's Impact on Energy ETFs(Continued from Prior Part)Equity markets Among the energy ETFs, only the Alerian MLP ETF (AMLP) had a positive correlation with the S&P 500 Index in the past five trading sessions. AMLP had a correlation of 39.1%
John Paulson Opposes the Newmont-Goldcorp MergerNewmont-Goldcorp merger As reported by Reuters on March 21, in a letter to Newmont Mining’s (NEM) CEO, Paulson & Co. said it doesn’t favor Newmont Mining’s $10 billion merger with Goldcorp
What Could Impact Oil on March 22?US crude oil on March 21 On March 21, US crude oil May futures fell 0.4% to $59.98 per barrel. Profit-booking might be behind the small decline in US crude oil. Earlier in the trailing week, US crude oil May futures
Eastman Chemical: New Client Order for Its Tritan CopolyesterTritan gets a new order In a press release on March 21, Eastman Chemical (EMN) announced that Tritan will collaborate with Skullcandy—known for its lifestyle headphones. Skullcandy has
What Fund Managers’ Allocations Say about the Market's Outlook(Continued from Prior Part)Most crowded trade As with the biggest tail risk, the latest Bank of America Merrill Lynch Survey resulted in a new “most crowded trade” response as well.
Apple: Investors Should Be Careful despite Recent Upgrades(Continued from Prior Part)AppleOn March 21, Apple (AAPL) received ratings upgrade from two firms. In the previous part of this series, we looked at one of these upgrades from Needham &
Trump’s at It Again: Markets Spooked by Tariff WarningTrump spooking markets again Once again, President Trump has spooked markets with his warning about trade tariffs against China (FXI). The White House released a transcript of Trump’s
Apple: Investors Should Be Careful despite Recent UpgradesApple On Thursday, the stock of US tech giant Apple (AAPL) was trading on a bullish note. At 12:55 PM ET, the stock was up 3.2% for the day after posting a day high of $195.07—which was
My call on what the Federal Open Market Committee (FOMC) would do at Wednesday's meeting was close to the actual result. There would have to be a "black swan" event for the Fed to change this thought process. Regarding the Federal Reserve balance sheet, I expected the unwinding to continue until later in the year.
What Fund Managers’ Allocations Say about the Market's Outlook(Continued from Prior Part)The new biggest tail riskIn Bank of America Merrill Lynch’s March 2019 survey, the slowdown in China was cited as the biggest tail risk by the majority of
What Fund Managers’ Allocations Say about the Market's Outlook(Continued from Prior Part)Fund managers’ allocationsAs we discussed in the previous article, fund managers are cautious on the stock market (DIA) right now despite its YTD
What Fund Managers’ Allocations Say about the Market's OutlookBAML survey and fund managers BAML (Bank of America Merrill Lynch) conducted a survey that polled 239 global investors with $664 billion in total assets under management between March 8
The Federal Reserve signaled Wednesday it is "on our side," but stocks ended mostly lower on the day from China-related trade concerns, according to CNBC's Jim Cramer. What Happened The Federal ...
Does GM Have Good Potential despite Trump’s Criticism?The auto industry in 2018After trading on a positive note in 2016 and 2017, the stock of the largest US automaker, General Motors (GM), ended 2018 on a negative note with a loss of 18.4%.