285.64 +0.58 (0.20%)
Pre-Market: 5:01AM EDT
|Bid||0.00 x 1400|
|Ask||0.00 x 1000|
|Day's Range||283.37 - 285.56|
|52 Week Range||241.83 - 286.63|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.09%|
Despite strong earnings and potential progress in trade talks, the major U.S. indexes could see a bit of a correction this week on guidance concerns.
Gold prices (GLD) haven’t been able to catch a break even as geopolitical concerns become more pronounced. On August 15, gold prices fell to a 19-month low of $1,173 per ounce as the US dollar continued its winning streak. Despite the trade war concerns, the political and economic tensions in the EU (European Union) (HEDJ), and Turkey’s (TUR) latest currency and economic crisis, gold has behaved like any other risk asset and not gained any bids.
After a big rally on Thursday, stocks again added to their gains on Friday on optimism over global trade resolutions between the U.S. and China by year’s end. Even before that news came out though, there were plenty of big movers. Here are our top stock trades for Monday.Top Stock Trades for Monday #1: Tesla
The benchmark S&P 500 Index seems to be stuck under a certain level. I recently wrote: “This S&P 500 chart shows the market is at a critical juncture.” Since then, I have received emails and phone calls from investors amazed at how the market ran up to the line shown on the chart in that story, fell and then rose right up to the line again.
On August 9–16, US equity indexes had the following correlations with US crude oil September futures: the S&P Mid-Cap 400 (IVOO): 46.9% the S&P 500 (SPY): 38.7% the Dow Jones Industrial Average (DIA): 32.5%
The markets are exuberant, but we’re nowhere near the extremes of the Dotcom bubble according to a note by J.P. Morgan.
On August 9–16, the major energy ETFs had the following correlations with US crude oil September futures: the Energy Select Sector SPDR ETF (XLE): 96.3% the VanEck Vectors Oil Services ETF (OIH): 95.2% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 91.9% the Alerian MLP ETF (AMLP): 63.6%
In the second quarter, Walmart (WMT) topped analysts’ expectations for both sales and earnings. It reported robust numbers across all business verticals.
Learn about quarterly reports and why they are important to investors. Explore street consensus estimates and how reported results are perceived by investors.
On August 16, US crude oil September futures rose 0.7% and settled at $65.46 per barrel—$0.45 above the lowest closing level in more than two months. On the same day, the Energy Select Sector SPDR ETF (XLE) rose 0.7%. The small rise in oil prices might also be behind a rise of 0.8% and 1.6% in the S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA), respectively, in the last trading session. In Part 3 of this series, we’ll analyze US crude oil’s relationship with these equity indexes.
Semiconductor stocks’ performance has been weaker in 2018 due to the US-China trade war, the end of the crypto boom, and a decline in memory prices. However, Advanced Micro Devices (AMD) has grown 76% YTD (year-to-date). AMD’s stock outperformed its peers including NVIDIA (NVDA) an Intel (INTC). NVIDIA has risen 21%, while Intel hasn’t changed YTD.
Can America Be Great Again without a Strong Auto Industry? In 2017, the biggest challenge for automakers was to generate more sales and keep their profitability intact at a time when US auto sales were softening. In the last few years, US passenger car sales have gone down significantly, while stronger truck sales have kept automakers’ hopes alive.