|Bid||0.00 x 800|
|Ask||0.00 x 3200|
|Day's Range||270.93 - 272.03|
|52 Week Range||238.82 - 286.58|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.09%|
Most of the major U.S. indexes moved lower over the past week as 10-year and 30-year Treasury yields moved to multi-year highs, although small-cap stocks posted slight gains. Higher wages often lead to higher consumer prices, which translates to higher Treasury yields and potentially slower economic growth as lending rates increase. The SPDR S&P 500 ETF (ARCA: SPY) fell 0.73% over the past week.
Get ready for another surge in crude oil prices. The cost of a barrel of crude oil is now at its highest level since 2014, but there will likely be another jump in the coming weeks. Primary among the reasons is that despite all the screeching, European companies will not be likely to get a waiver from soon-to-be-imposed U.S. sanctions on Iran. Earlier this month the Trump administration refused to recertify the so-called nuclear deal with Iran.
Whether you have your heart set on Apple or Facebook, Alibaba or Baidu, or a domestic vs. foreign stock, you can access them all via ETFs.
In the second quarter so far, BP (BP) stock has risen 17.2%, the highest among its peers Chevron (CVX), ExxonMobil (XOM), and Royal Dutch Shell (RDS.A).
RPC’s (RES) YTD returns were -24.6% as of May 15. During this period, RPC underperformed the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) (up 12.8%), the VanEck Vectors Oil Services ETF (OIH) (9.2% returns), and the SPDR S&P 500 ETF (SPY) (1.6% returns). XOP represents the energy industry in the oil and gas exploration and production segment. So far, RPC has underperformed the US rig count this year (up ~12%).
Flotek Industries’ (FTK) YTD returns were -27.3% as of May 15. In comparison, the Energy Select Sector SPDR ETF (XLE) has increased ~7.0% YTD. XLE tracks an index of US energy companies in the S&P 500 Index. The VanEck Vectors Oil Services ETF (OIH) has witnessed 9.2% YTD returns. OIH tracks an index of 25 OFS companies. The SPDR S&P 500 ETF (SPY), which represents the broader market, has produced 1.6% returns during the same period. So, Flotek Industries underperformed the OFS industry ETF and the broader energy industry ETFs.
Discover the largest mutual fund holders of Applied Materials shares, and determine if their investment strategy can help your portfolio.
In the previous two parts of this series, we looked at the famous emerging markets analyst Mark Mobius, who believes the ten-year bull market in the United States is due for a correction. The short-term corrections can be quite dramatic.” Improvements in fundamental factors mainly support this statement.
In the previous part of this series, we saw that Mark Mobius believes the long bull run in the US equity market is due for a correction. Mobius said, “The catalyst I believe will come from continuing increases in interest rates. The (Federal Reserve) is definitely moving in that direction.
Between May 10 and May 17, US equity indexes’ correlations with US crude oil June futures were as follows: Dow Jones Industrial Average Index (DIA): -50.9% S&P 500 Index (SPY): -38.2% S&P Mid-Cap 400 Index (IVOO): -11.1%
Walmart (WMT) reported better-than-expected fiscal Q1 2019 results (the quarter ended April 30, 2018) on May 17. Walmart’s top-line and bottom-line results came in ahead of analysts’ expectations and saw YoY (year-over-year) improvement. The company saw continued strength in its US business, its largest business segment by sales and profitability.
In the first quarter of 2018, billionaire George Soros saw his Soros Fund Management portfolio increase from $4.37 billion to $6.16 billion. At the same time, the firm increased its total 13F positions from 196 to 219, according to Seeking Alpha. Per SEC filings, the billionaire increased short positions in SPDR S&P 500 ( SPY) and PowerShares QQQ ( QQQ) through puts.
IN THE NEWS Brokerage expert Theresa Carey took the temperature of top executives from the sector at the 2018 Benzinga Global Fintech Awards on emerging trends in a sector that’s rapidly shifting to mobile ...
On May 2, Mark Mobius shared his view on the US equity market, emerging markets, and the Fed’s faster rate hike process in an interview with CNBC. Mobius is the famous emerging markets analyst, fund manager, and previous executive chair of Templeton Emerging Markets Group.
Stock market volatility is well off its highs already, but it remains elevated compared to what we saw last year. First, it’s important to be aware of the index that measures volatility, the VIX. It should be noted that the VIX volatility index cannot be bought or sold like a stock.
The S&P 500 (SPY) moved higher last week and started this week on a stable note. After a brief pullback on Tuesday, the S&P 500 opened Wednesday on a stronger note and surged higher. On May 16, nine out of 11 major S&P 500 sectors rose. Strength in the materials and consumer discretionary sectors pushed the market higher. Weakness in the real estate and utilities sectors limited the market gains.
The BofA Merrill Lynch global fund manager survey is a monthly survey conducted by Bank of America Merrill Lynch (or BofAML) that collects responses from approximately 200 institutional, mutual, and hedge fund managers around the world. The survey collects the views of global managers on equity markets (SPY), the most crowded trades for that month, and what managers consider to be risks to the global markets (VOO).
On May 16, John Staszak of Argus upgraded Chipotle Mexican Grill (CMG) from “hold” to “buy.” He increased Chipotle’s target price to $540. Staszak is optimistic about Brian Niccol’s leadership and expects the company’s SSSG and earnings to accelerate in the coming years. The initiatives that were taken by Chipotle’s management, like implementing digital advancements, menu innovations, expanding the catering and delivery services, and various marketing and promotional offerings, are expected to drive the company’s sales.
Iran's economy is already a mess, but it will likely get a lot worse. Iranian President Hassan Rouhani. The matter at hand is the decision earlier this month by the Trump administration not to certify the so-called nuclear deal, and that means Iran will soon be subject to harsh U.S. sanctions. Take, for instance, the inflation rate.
Since its split from Hewlett Packard Enterprise (HPE) in November 2015, HP Inc. (HPQ) has turned in a solid performance. After HP Inc. experienced a revenue decline of 6.2% YoY (year-over-year) in fiscal 2016, its revenues rose ~8.0% YoY in fiscal 2017 to ~$52.1 billion. HP Inc. has been able to outperform analysts’ expectations and estimates on a consistent basis and achieved revenue growth of 14.0% in the fiscal first quarter.
Hewlett Packard Enterprise (HPE) announced its first-fiscal-quarter results on February 22. From that date, its stock rose 6% to close at $17.40 on May 15. HPE stock rose over 10% the day after it announced its first-quarter results. In comparison, the S&P 500 (SPY) and PowerShares QQQ RTF (QQQ) have risen 0.2% and 1.9%, respectively, since February 22.
Recently, Goldman Sachs (GS) said that falling unemployment and the rising budget deficit could drive the Fed’s faster interest rate hike process. When there are more bonds and fewer buyers in the economy, the government will try to pay investors higher in the form of yields to buy US bonds (BND), which will ultimately increase the interest rates in the economy (SPY) (QQQ). The Fed hiked the interest rate for the sixth time since December 2015.
US-China trade talks are scheduled for this week. The previous round of talks that were held in Beijing failed to achieve much headway. Both the United States and China have hardened their positions this year.
A gain of 12.18% in 2018 for shares of Baidu, Inc. ( BIDU) has been helped by healthy institutional accumulation (buying). Baidu has been one of the best performing stocks over the past decade, with monster sales and earnings growth. Taking a look at how the shares have been trading over the past year, the gains Baidu has seen have shown share prices increasing alongside volume increases.