|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.07 - 14.23|
|52 Week Range||9.34 - 15.25|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.31%|
Matt Cheslock joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after crude oil spiked on news that Saudi Arabia would not export more oil in July than it did in June, and that it would drop exports by 100,000 bbl./day in August.
Alan Valdes of Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after a surprise inventory drawdown for crude oil was reported by the US Department of Energy.
The S&P 500 Index fell ~0.4% to 2,804.49 on July 19. The index fell due to disappointing second-quarter earnings results from some of the S&P 500 companies and escalating trade tensions between the US and Europe. The European Union could impose tariffs on goods imported from the US. Six out of the 11 key sectors in the S&P 500 fell on July 19.
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.
A record number of fund managers in the BAML (Bank of America Merrill Lynch) July survey believe that gold (GLD) (IAU) is undervalued. About 17% of them said gold was trading below its actual market worth, and 25% said oil (USO) is overvalued.
By Simon Lack Could the Shale Revolution be driving oil prices higher? It seems counter-intuitive – the U.S. is on course to be the world’s biggest oil producer by next year. And it was the additional shale supply that led to the 2014-15 oil ...
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.
Oil prices look to me like they're poised for a continuous increase on the back of growing geopolitical risk. President Donald Trump has reiterated his stand on Iranian denuclearization, anti-Iranian U.S. economic sanctions and implied protection of Israel. On the other side of the power balance, Russian leader Vladimir Putin continues to support the Syrian government, thus implicitly siding with Syrian patron Iran.
On July 16, Brent crude oil September futures settled ~$3.78 higher than WTI crude oil August futures. On July 9, the spread was at ~$4.22.
Technically speaking, the backdrop for U.S. stocks has strengthened amid a grinding-higher July rally, writes Michael Ashbaugh.
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.
On July 6–13, the ETFs that track US crude oil futures reported lower performance metrics. The United States Oil ETF (USO) fell 3.3%, the United States 12-Month Oil ETF (USL) fell 1.4%, and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 5.5%.
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.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
The S&P 500 Index fell ~0.7% to 2,774.02 on July 11. On the same day, the US government threatened to impose new tariffs on goods worth $200 billion imported from China. The escalating trade war between the US and China pressured the S&P 500 the same day. China warned the US and said that it would take strict countermeasures. Ten out of the 11 key sectors in the S&P 500 dropped on July 11.
Major ETF provider Vanguard surprised the markets this week with a decision to eliminate trading fees for a majority of ETFs on its online brokerage platform.
Pizza With Topping of Irony In Racial Slur Role-Playing Call on Preventing Public Relations Crises In what may be the most layered case of public-relations snafu irony this century, pizza joint Papa John’s (NASDAQ:PZZA) founder and Chairman John Schnatter resigned from his position as Chairman of the Board after using the racial slur “n188@r” in […] The post Market Morning: Pizza Topped With Irony, Comcast Wants Sky, Dwayne Johnson vs Bayer appeared first on Market Exclusive.
The hottest commodity oil has been on a solid run this year thanks to a tightening oil market and rising global demand. Rounds of news about new supply disruption are adding strength to the oil price, making the case for oil ETFs appealing.Source: ShutterstockSupply Declining
The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, were among ...