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CNBC's Dominic Chu breaks down which stocks are leading the consumer staples sector, which has been on a "roller-coaster ride" over the last couple of years.
Recently, Fidelity rocked the index fund universe by revealing plans to introduce two index funds with expense ratios of 0.00%. The Fidelity ZERO Total Market Index Fund (MUTF:FZROX) and Fidelity ZERO International Index Fund (MUTF:FZILX), are the no-fee products from Fidelity that are expected to debut this month. Fidelity, one of the largest issuers of actively managed mutual funds, did away with investment minimums on mutual funds and 529 college savings plans.
The demand for gold in India (INDA) fell 7.0% in the second quarter, mainly due to stronger equity markets and higher gold prices measured in rupees. This event caused local gold prices to rise, even with the price decline measured in US dollars.
Of the 24 analysts covering Advance Auto Parts (AAP), 54% recommend “buy,” 38% recommend “hold,” and 8% recommend “sell.” Their consensus 12-month target price of $133.25 for AAP stock is ~9% lower than its market price of $146.41.
The unemployment rate for July fell 0.1% sequentially to 3.9%—its lowest point in nearly 18 years. Another highlight of July’s unemployment data was that the unemployment rate for the least educated US workers fell to 5.1% in July, the lowest since the government started collecting data in 1992. While the other elements of the US (VOO)(SPY) jobs report have picked up pretty much according to the economists’ expectations—or as Federal Reserve would like—wage growth has not shown as much acceleration.
With the healthcare sector recently outperforming technology, investors have been embracing healthcare exchange traded funds. The Health Care Select Sector SPDR (XLV) is the largest healthcare ETF by assets. XLV allocates about two-thirds of its combined weight to pharmaceuticals and biotechnology stocks.
At the same time, tech stocks remain one of the hottest portions of the market, even as CNBC reports that the S&P 500 will undergo a significant structural change that may relocate popular tech companies to a new communications services sector later this year. For the time being, tech-focused exchange-traded funds (ETFs) have been riding the highs of this powerful sector. The top tech ETFs have dramatically outperformed the S&P so far this year, with double-digit gains a hallmark of the space.
David Aurelio of Thomson Reuters is very helpful in getting good sector information on the Thomson Reuters IBES data on the 11 SP 500 sectors. David has never failed to deliver when asked a question. Recently this blog asked David about the coming ...
The Dow Jones Industrial Average climbed over 150 points to start Tuesday's market session as construction and mining equipment manufacturer Caterpillar led the way, gaining 2.5%. Despite facing challenges related to the tariff battle between the United States and China, Caterpillar increased its adjusted earnings per share forecast to a range of $11 to $12 from $10.25 to $11.25--adjusted profit range of $6.6 billion to $7.2 billion. Industrial ETFs rose on Caterpillar's gain, such as Fidelity MSCI Industrials ETF (FIDU) --up 0.66%, Vanguard Industrials ETF (VIS) --up 0.71% and Industrial Select Sector SPDR ETF (XLI) --up 0.74%.
In the previous part of this series, we looked at Ferrari’s (RACE) higher Q2 2018 shipments to China, Taiwan, and Hong Kong. Last year, its Mainland China shipments rose, and its shipments to Hong Kong and Taiwan remained nearly flat. Now let’s take a look at Ferrari’s second-quarter shipments to the Americas segment, which includes its largest single market, the United States.
The month of August started off on a shaky note for Wall Street with Fed imposed rising rate concerns and severity in the U.S.-Sino trade relations coming to the forefront.The Trump administration is reportedly considering a hike in tariffs from 10% to 20% on $200 billion worth of Chinese goods, after a 25% tariff announcement on $50 billion worth of goods.Source: Shutterstock
This Week in The Economy Tuesday August 7: Foreign exchange reserves in Japan. Not too much attention generally paid to this one, but Japan is the second biggest foreign holder of US treasuries. Let’s see if the recent increase in supply has had the Japanese sell some on net. Wednesday August 8: Chinese inflation, last […] The post Market Morning: Economic Menu, Fed’s Bullard Says Remove All Tariffs, Iran Sanctions Tuesday appeared first on Market Exclusive.
If the U.S. is stuck in an escalating trade war, stocks and sector-related ETFs with the highest domestic sales exposure in the U.S. should begin to stand out. “If trade tensions continue to rise and new ...
Apple's post-earnings gap up early Wednesday boosted shares of exchange traded funds with a sizable position in the iPhone maker.
Apple (NASDAQ:AAPL) once again cheered investors with robust third-quarter fiscal 2018 results, after the closing bell yesterday. The technology giant topped the earnings and revenue estimates and projected upbeat revenue outlook.Source: iphonedigital via FlickrApple Q3 Results in Focus
What Will Financial Markets Look for in July's Jobs Report? The greatest conundrum in the whole jobs report remains the wage growth. Despite the historically low-level unemployment, wages haven’t picked up like they should have.
What Will Financial Markets Look for in July's Jobs Report? The unemployment rate for June increased to 4.0% from a low of 3.8% in May, which was an 18-year low. The unemployment has grown because ~600,000 workers joined the workforce.
The Nasdaq Composite opened higher in Wednesday's trading session, boosted by Apple's earnings announcement on Tuesday as the tech giant announced revenue generation of $53.3 billion and an EPS of $2.34--both results beating analyst estimates of $52.3 billion and $2.18 per share. Apple shares were up over 4 percent to $197.95 in after-hours trading and are currently up 5.34% as of 10:45 a.m. ET. The Nasdaq Composite was up over 50 points, the S&P 500 gained 10 points and the Dow Jones Industrial Average was over 70 points in the green.
Apple will announce its fiscal third-quarter earnings results later today, which could give technology stocks and tech-focused ETFs a much-needed shot in the arm after companies like Facebook, Twitter ...
According to TransUnion data, US personal loans outstanding grew from ~$71.9 billion a decade ago to ~$120 billion as of March. Personal loans, which aren’t collateralized by an asset, have been availed by ~17 million Americans. Financial technology startup shares like Lending Club, Prosper, and Avant increased from 0.90% in 2010 to 36.2% in 2017. At the same time, bank shares (VFH) (XLF) (IYF) declined from 34.1% to 26.4%.
Technology giant Apple (NASDAQ:AAPL) is set to release third-quarter fiscal 2018 results on Jul 31 after market close. Since Apple accounts for over 19% of the total market capitalization of the entire technology sector in the S&P 500 index and is heading toward becoming the first trillion dollar company, it is worth taking a look at its fundamentals ahead of results.
US stocks posted mixed weekly results as investors digested strong GDP growth data and weak earnings from technology companies. For the week ending July 27, the Dow Jones Industrial Average gained 1.6% and closed at 25,451.06, while the S&P 500 rose 0.61% to 2,818.82. Weak earnings growth from technology companies like Twitter and Facebook led to a 1.1% fall in the NASDAQ Composite Index to 7,737.42. Financials led the gains