280.11 +0.11 (0.04%)
After hours: 7:58PM EDT
|Bid||280.07 x 2200|
|Ask||280.10 x 2200|
|Day's Range||279.46 - 280.74|
|52 Week Range||241.83 - 286.63|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.09%|
Whiting Petroleum (WLL) stock has been increasing since the beginning of this year. The stock has risen ~82.93% since the beginning of 2018 and 144% on a year-over-year basis.
The S&P 500 rose ~0.2% to 2,815.62 yesterday, its highest closing since February 1, supported by US banking stocks’ better-then-expected second-quarter results. Five out of the S&P 500’s 11 key sectors advanced yesterday. Meanwhile, the SPDR S&P 500 ETF (SPY) rose ~0.2% to $281.06 yesterday, and E-Mini S&P 500 futures fell 0.04% in early morning trading today.
Grantham, Mayo, Van Otterloo, better known as GMO, tend to take a more sober view of the market. GMO has favored emerging markets for a while, but it's an area investors are fleeing. Capital Economics wrote in a note this morning that its capital flows tracker suggests an acceleration in money leaving emerging markets, with an estimated $40 billion leaving in June versus $10 billion in May–marking the highest level in 18 months. "The most plausible explanation for this is that the escalation of trade tensions between China and the U.S., and concerns about knock-on effects on other emerging markets via manufacturing supply chains, caused outflows to pick up," the economists wrote.
Higher oil prices and rising wages have some concerned that corporate profit margins could come under pressure. Not so, says Credit Suisse strategist Jonathan Golub. In his latest note today, Golub writes that he expects higher profit margins to drive 3.1 percentage points of the 20.4% expected EPS growth from S&P 500 companies during the second-quarter of 2018 to be even after excluding the tax benefits.
Small-cap stocks and the related small-cap ETFs are easily topping their large-cap rivals this year. For example, the year-to-date gain offered by the iShares Russell 2000 ETF (NYSEArca: IWM), which follows ...
Lately, iron ore’s price action has been erratic at best. According to Metal Bulletin, benchmark iron ore is currently trading close to $64 per ton.
The Delivering Alpha 2018 conference took place Wednesday in New York, and this year’s event included a number of Wall Street heavy-hitters. Benzinga Pro reported live from Delivering Alpha all day long, ...
Stock Futures Down, Gold Hits New Lows, Dollar Up Futures are down this morning, modestly, with the S&P 500 futures (NYSEARCA:SPY) falling around 0.2%, oil (NYSEARCA:USO) down on reports of record US output, most currencies down against the US dollar (NYSEARCA:UUP), and gold (NYSEARCA:GLD) hitting new 52-week lows, though just by a week. Gold hit […] The post Market Morning: Gold Collapses, Yuan Plummets, MGM Flies High, AT&T Faces Off Justice Dept appeared first on Market Exclusive.
Boeing Co. ( BA) has been soaring this year, more than quadrupling the pace of the broader market, and looks set to reach new altitudes. While the ride higher has been with worries over trade-war protectionism and tariffs, higher expected earnings and a robust cash-flow outlook are a few reasons why Robert W. Baird analyst Peter Arment gives the airplane manufacturer’s stock a buy rating and, given his price target, sees another 25% rise on the horizon, according to Barron’s. Favorable aircraft deliveries will help boost earnings, as Arment raised his earnings estimate for the second quarter to $3.50, which is five cents above consensus estimates.
Larry Kudlow, economic adviser to President Donald Trump, defended his boss’s approach to trade and hinted that more tax changes could be coming during an appearance at a CNBC investor conference Wednesday. Kudlow, director of the National Economic Council, sounded optimistic about the path of the U.S. economy. After the big tax overhaul signed into law last year, more tax legislation could be on the way, Kudlow said.
While fund managers are bullish on US equities (SPY), there is still no lack of concern. In the BAML (Bank of America Merrill Lynch) July 2018 survey, for the third month in the last five months, trade war concerns were cited as the top concern of global fund managers. A total of 60% of the fund managers surveyed cited the trade war risk as the top tail risk.
A gain of 26.52% in 2018 for shares of Activision Blizzard, Inc. ( ATVI) has shown increasing share prices accompanied by increasing trading volumes. Activision's shares have been performing very well this year as many growth stocks make new 52-week highs. What makes this company interesting is its growth trajectory in eSports, which is likely causing investors to get excited for Activision Blizzard's long-term potential.
The S&P 500 rose ~0.4% to 2,809.55 on July 17—the highest closing since February 1. The index rose due to Fed Chair Jerome Powell’s bullish comments about strong US economic growth. The expectations of strong second-quarter earnings results also helped the index.
The Eurozone (FEZ) (VGK) Sentix Investor Confidence Index has had a strong recovery so far in July after a huge fall in June. The index is at 12.1 so far in July compared to 9.3 in June, beating the market estimate of 9.
The golden arches aren’t getting any lovin’ from investors this year, as McDonald’s Corp. ( MCD) is among the Dow Jones Industrial Average’s worst performing stocks this year. Down already 7.2% since the start of January, the popular fast-food chain is on track for its worst performance since 2012, and there’s still plenty of downside according to asset management firm Piper Jaffray. Craig Johnson, the firm’s chief market technician, outlined a scenario on CNBC’s Trading Nation on Monday where McDonald’s shares could fall to a $130 price support level, implying further downside of nearly 19%.
While a strong U.S. dollar weighs on corporate earnings for large multinational companies with big overseas footprints, small-cap stocks and related ETFs may continue to outperform with the U.S. economy continuing to chug along. The iShares Russell 2000 ETF (IWM) , which follows the benchmark Russell 2000 index of small-cap stocks, increased 10.0% year-to-date while the SPDR S&P 500 ETF (SPY), which tracks the widely observed S&P 500, rose 5.6%. The outperformance in small-caps may continue as a stronger U.S. dollar weighs on larger companies that have overseas businesses.
Many regard the 21st century as the “Century of Asia.” As America has seen a relative decline, nations — such as China and India — growing their middle classes have placed Asia in a more influential position. Many companies within these countries have also contributed this rise. Although some trade in the U.S. as ADRs, most of these companies trade on the over-the-counter markets, if they trade at all. Fortunately, the ones not trading directly in the U.S. can be found in Asian ETFs.
The outlook for crude-oil prices has been clouded by a bevy of concerns on both the supply and the demand sides. All that news has weighed on oil prices, pushing the global benchmark Brent crude down to near $72 per barrel, the lowest point since early April. Goldman Sachs' analyst Damien Courvalin wrote in a report published Monday: "Ultimately, global inventories are low, oil demand remains robust and we still expect a deficit once U.S. secondary sanctions are reintroduced.
The S&P 500 Index rose ~0.11% to 2,801.31 on July 13—the highest closing since February 1. The expectation of strong second-quarter earnings results has been driving the S&P 500. However, the escalating trade war between the US and China has limited the upside for the S&P 500. Six out of the 11 key sectors in the S&P 500 advanced on July 13.
The biggest ETFs have been getting all the attention over the years as investors grouped into these traditional market capitalization-weighted plays, but the ones tracking an equal-weight indexing methodology have been quietly outperforming all along. The biggest and most popular ETFs on the market largely include those that track traditional market capitalization-weighting methodologies, or they weight component stocks based on the companies' market capitalization, so bigger companies have a greater say in the direction of the overall ETF's performance. In contrast, an equal-weighted indexing, like its naming suggests, would equally distribute the weight among all company holdings within the index, regardless of the market cap of each company.
The summer of 2018 should've been the most bullish period for crude in several years, but both Brent and West Texas Intermediate have taken a beating on mounting concerns about what could disrupt equilibrium. Energy stocks have also taken a hit with the Energy Select Sector SPDR (XLE) notching a 1.2% decline. The negative implications for crude prices are hard to ignore.