|Bid||57.99 x 1200|
|Ask||58.20 x 3000|
|Day's Range||57.14 - 58.06|
|52 Week Range||37.69 - 61.94|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-4.46%|
|Beta (5Y Monthly)||1.15|
|Expense Ratio (net)||0.13%|
Mike Ryan, UBS Wealth Management Americas Chief Investment Officer, Yahoo Finance’s Brian Sozzi and Jared Blikre to discuss the latest market action.
Shares of Nucor Corp. rallied 2.1% in premarket trading Thursday, after the steel producer provided an upbeat second-quarter earnings outlook, citing "resilient" demand in nonresidential construction in the face of the COVID-19 pandemic. The company expects earnings per share of 10 cents to 15 cents, down from $1.26 in the same period a year ago. The average of the two analysts providing net EPS estimates to FactSet was a loss of 4 cents. The company said the COVID-19 pandemic has most negatively impacted its sheet and plate mills given weak oil and gas market activity and production disruptions. The company said it is witnessing a "strong rebound" in automotive-related steel demand. The stock has lost 21.8% year to date through Wednesday, while the SPDR Materials Select Sector ETF has slipped 8.3% and the S&P 500 has eased 3.6%.
Agricultural giant Corteva (NYSE:CTVA) stock is getting considerable interest, especially from passive income seeking investors as well as those interested in agricultural shares in a post-coronavirus world.Source: Jonathan Weiss / Shutterstock Analysts are debating whether now is a good time to invest in agricultural stocks. After all, we all need to eat, whatever the health and economic realities are of the novel coronavirus pandemic.The dividend yield of CTVA stock stands at 1.7% and shares are down 8% so far this year. Investors with a two- to three-year time horizon may consider buying the dips in the shares.InvestorPlace - Stock Market News, Stock Advice & Trading Tips CTVA Stock at a GlanceCorteva is one of the firms formed as a result of the 2019 split of DowDuPont, a company which was originally born from the merger of chemical giants Dow and DuPont, into three separate companies: * Corteva, currently one of the world's largest agrochemical companies. * DuPont de Nemours (NYSE:DD), the new name that DowDuPont acquired. * Dow (NYSE:DOW), which is dubbed the 'new' Dow.Following the three-way spin-off, each of these companies started their respective journeys as an independent entity. CTVA initially started trading in June 2019 around $25 and traded for months in a range from about $24 to $32 per share. * The 9 Best Cryptocurrencies to Watch for the Rest of 2020In February, investors in CTVA stock were beginning to believe in the strength of the shares when they went over $32. Yet on March 18, the shares hit an all-time low of $20.38. Now they're hovering near $27. So, CTVA has been a great range-trading stock, mostly between $25 and $30. First-Quarter EarningsIn early May, Corteva reported robust first-quarter results. Net sales were $3.96 billion, up 16% versus the year-ago period, with double-digit organic sales growth in every region. Close to half the revenue comes from North America.The bottom line totaled $272 million, or 36 cents per share. This compares with $164 million, or 22 cents per share, in last year's first quarter.Two main segments bring in the revenue: * Seed (62% of total revenue), which includes most corn, soybean and other oilseeds. * Crop protection (38%), which includes mostly herbicides, insecticides, and fungicides.The seed segment develops commercial seeds for farmers around the world. Quarterly seed sales rose 27% on an organic basis, primarily due to increased corn deliveries in North America, coupled with strong sunflower and corn sales in Europe.The crop protection segment has products that protect against weeds, insects and disease, and that improve overall crop health. In the first quarter, crop protection sales also improved 10% on an organic basis, due to increased demand for new products globally. Latin America especially saw strong demand thanks to product launches.Yet management suspended full-year 2020 guidance in light of uncertainty from the novel coronavirus pandemic. CTVA shares have been in the green over the past month. The Bottom Line on CTVA StockNow that a full year has passed since the spin-off, I believe Corteva's business operations and earnings are likely to get on more solid footing in the coming months. It is a leader in the development of seeds and crop chemical products.Despite the lockdown and the ensuing uncertainty about life after coronavirus, one thing that is crucial for everyone globally is food. And agricultural commodities play a big role in the food consumed. Therefore the sector is likely to be promising in the near future.Even if you are not ready to invest in CTVA stock yet, I suggest you at least keep it on your list for the time being. Any price slip toward $25 level would make the shares rather attractive.Alternatively, you may consider starting an at-the-money or slightly in-the-money covered calls with Aug 21 expiry. You'd also be able to benefit from the company's dividend.You may also consider investing in an exchange-traded fund that has CTVA stock as holding. Examples would include the Materials Select Sector SPDR Fund (NYSEARCA:XLB), Wide MPAT Vaneck ETF (NYSEARCA:MOAT) or the Invesco S&P Spin-Off ETF (NYSEARCA:CSD).Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * Top Stock Picker Reveals His Next 1,000% Winner * The 1 Stock All Retirees Must Own * Look What America's Richest Family Is Investing in Now The post Corteva Stock Is a Buy Should Shares Slip to $25 appeared first on InvestorPlace.
Liz Ann Sonders, Charles Schwab Chief Investment Strategist, joined Yahoo Finance's Myles Udland, Seana Smith, Dan Roberts, and Melody Hahm to discuss her outlook for the U.S. economy.
Invesco Chief Global Market Strategist Kristina Hooper joins Yahoo Finance’s Brian Cheung and Seana Smith to discuss Jerome Powell's remarks as the Fed chair notes the U.S. economy faces ‘great uncertainty.’
Stocks rose Wednesday and the Dow advanced more than 300 points, or 1.2%, as hopes surrounding some states’ reopenings extended during the session. Yahoo Finance's Jen Rogers, Myles Udland, Rick Newman, and Andy Serwer discuss on The Final Round
The U.S. Treasury is gearing up to auction a $3 trillion in debt to finance the growing federal budget deficit. Charles Schwab Chief Fixed Income Strategist Kathy Jones joins Yahoo Finance’s Seana Smith to discuss.
Head of Macro Strategy at Academy Securities Peter Tchir joins Yahoo Finance’s Seana Smith to break down his outlook on the markets as coronavirus cases surpass 1.5M in the U.S., according to John Hopkins.
Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading above its 20-day moving average, thereby offering a near-term “sell on the pop” opportunity given the longer-term downtrend at hand. Note that this prospect list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
In a new paper from the National Bureau of Economic Research, economists note that the job losses are far higher than the official figures represent and that many people who are jobless aren’t looking for new jobs, due to early retirement. Yahoo Finance’s Sibile Marcellus joins Seana Smith to discuss.
TD Ameritrade Shawn Cruz joins the On The Move panel to discuss his views on how the markets are faring and what investors can do amid the coronavirus to see positive results.
All three major indexes closed in the after Tuesday's trading session, continuing their steep declines after Monday's thousand-point plunge. The Final Round panel discusses the latest market action, and how the coronavirus outbreak could continue to affect markets.
The Nasdaq touched a record high, despite coronavirus fears weighing on the minds of investors. AEI Residential Fellow and former IMF official Desmond Lachman joins Yahoo FInance’s Seana Smith on The Ticker to discuss.
February is here and after a trying end to January, some market participants may not be excited about the arrival of the second month. The month may be known for romance, but on a historical basis, it's ...
Stifel Head of Institutional Equity Strategy Barry Bannister joins the On The Move panel to discuss the best cyclical sectors to invest in as the federal reserve continues to hold on rate cuts.
The movements in these sector ETFs should be watched closely as the phase-1 trade deal is being signed and there is no tariff relief for a huge chunk of goods until phase-2.
With the S&P 500 coming off its performance in two decades last year, expectations are in place that returns are likely to be more subdued this year. If historical trends repeat, that subdued tenor could ...
Materials Select Sector SPDR (XLB) is a low-cost choice to track a sector that is entering a 6-month period of historic outperformance, explains analyst and fund expert Todd Rosenbluth, in CFRA Research's The Outlook.
November has been among the best months for markets over the past decade. All the three major indices have traded positively 80% of the time in November since 2009.