60.04 0.00 (0.00%)
After hours: 4:53PM EST
|Bid||59.91 x 4000|
|Ask||60.26 x 1800|
|Day's Range||59.92 - 60.36|
|52 Week Range||47.05 - 60.60|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||21.30%|
|Beta (3Y Monthly)||1.10|
|Expense Ratio (net)||0.13%|
June and July are historically lackluster months for stocks, but with the Dow posting its best June since 1938, July may have the potential to buck the trend too. Yahoo Finance's Seana Smith and managing editor of ETF.com, Cinthia Murphy discuss.
Fed Chair Jerome Powell said that the Fed is “insulated” from short-term political pressure, warning that huge policy mistakes can happen when the Fed is influenced by the White House. Yahoo Finance's Brian Cheung joins Seana Smith on 'The Ticker' to discuss Powell's speech at the Council on Foreign Relations.
Shares of TimkenSteel Corp. tumbled 12% in premarket trading Monday, after J.P. Morgan analyst Stephanie Yee turned bearish on the steel maker, citing concerns that a "much lower" pricing environment will lead to 2020 annual contract pricing to be reset lower and worries about weaker demand. Yee lower the rating to underweight, after being at neutral for at least the past two years. Yee slashed the stock price target to $5, which is 32% below Friday's closing price of $7.36, from $9. "Additionally, an overall weaker demand environment, especially from the energy market, leads us to believe that [TimkenSteel's] energy shipments will be down significantly in both 2019 and 2020, which not only results in less fixed-cost absorption but also translates into a less favorable product mix given that energy components are the highest priced products within the company's portfolio," Yee wrote in a note to clients. The stock has lost 15.8% year to date through Friday, while the SPDR Materials Select Sector ETF has climbed 19.1% and the S&P 500 has rallied 23.4%.
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.
Today is the first day of November. Historically speaking, that's good news for stocks because over the past two decades, the S&P 500 has averaged November gains of 1.2% , making the 11th month of the ...
October is here and with it arrives the fourth and, historically, a good month for stocks. Over the past two decades, the S&P 500 has averaged October gains of 1.4% . Only March and April, which are tied ...
Defensive sectors have taken a decisive leadership role in recent weeks, but individual investors are looking to buck market trends, buying up shares of companies in more cyclical sectors like materials, consumer discretionary and financials
Coming off a rough August in which the SPDR S&P 500 ETF (NYSE: SPY ) finished lower, there may not be any rest for the weary in September because the ninth month of the year is historically rough on stocks. ...
August starts today and with the arrival of the eighth month of the year comes a month that's usually negative for stocks, but not by much. Over the past two decades, the S&P 500 posts an average August ...
Historically, June is unkind to stocks, but the Dow Jones Industrial Average just posted its best June showing since 1938. July is here and with that comes the arrival of another month is usually rough ...
Despite recent periods of consolidation on the charts of most commodities, active traders will maintain a bullish bias due to nearby support levels.
There are 11 sectors represented in the S&P 500 with weights ranging from 2.81% at the bottom to 21.45% at the top. Guess which group resides at the bottom? Materials.That is not the only point underscoring the materials sector's diminutive status. The Materials Select Sector SPDR ETF (NYSEARCA:XLB), the largest materials exchange-traded fund, holds just 28 stocks and the Dow Jones Industrial Average is home to just one materials stock -- Dow Inc. (NYSE:DOW).XLB "seeks to provide precise exposure to companies in the chemical, construction material, containers and packaging, metals and mining, and paper and forest products industries," according to State Street.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSize aside, there are plenty of opportunities to be had with materials ETFs and investors may want to consider getting in while the getting is good because the sector is on fire in the first half of June."In fact, the materials group, the sector that tends to be the most sensitive to global economic growth expectations, is on track for its best monthly gain since October of 2015, when it soared 13.45%, according to Dow Jones Market Data," reports MarketWatch. * 7 Top-Rated Biotech Stocks to Invest In Today For investors looking to embrace a small sector with big potential, here are some materials ETFs to consider. VanEck Vectors Junior Gold Miners ETF (GDXJ)Source: Shutterstock Expense Ratio: 0.53%, or $53 annually per $10,000 investedThe VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) is one of the largest gold miners funds, meaning it is also a materials ETF and a volatile one at that. GDXJ has a three-year standard deviation of 30.50%, roughly triple the comparable metric on the S&P 500. Indeed, this materials ETF is not for the faint of heart and it has a tendency to overshoot gold's price action in either direction.Fortunately, the current climate sets up well for gold, as highlighted by GDXJ's month-to-date gain of nearly 9%."If you look at the GDXJ [VanEck Vectors Junior Gold Miners ETF] and go back to 2010, the adjusted return in Canadian dollars is down about 85%. Then if you look deeper … at the really junior juniors, which aren't even in these ETFs, it's even more so. We have an industry where you've lost 80% to 90% of the value -- plus," said Jonathan Goodman, executive chairman of Dundee Corp., in an interview with Kitco News.Another catalyst could boost this materials ETF in the second half of the 2019: the Federal Reserve. If the Fed lowers interest rates, gold almost certainly rallies in response, likely sending GDXJ and miners ETFs higher along the way. Invesco MSCI Global Timber ETF (CUT)Source: Shutterstock Expense Ratio: 0.55%Among materials ETFs, timber funds -- all two of them -- often go overlooked. The Invesco MSCI Global Timber ETF (NYSEARCA:CUT), which tracks the MSCI ACWI IMI Timber Select Capped Index, gives investors nuanced materials exposure with a decent yield.CUT's underlying index "measures the performance of securities engaged in the ownership and management of forests, timberlands and production of products using timber as raw materials," according to Invesco.CUT holds 77 stocks, giving it a significantly larger roster than many traditional materials ETFs and some of that size is attributable to the fund being a global materials ETF. Eleven countries are represented in this materials ETF with the U.S. commanding a weight of 42%. Of the other 10 countries found in this materials ETF, eight are developed markets. * The 10 Best Index Funds to Buy and Hold Nearly 56% of CUT's components are classified as value stocks and the materials ETF reflects that value proposition with a price-to-earnings ratio of just 12.82x, a healthy discount relative to broader domestic equity benchmarks. SPDR S&P Mining & Materials ETF (XME)Source: Shutterstock Expense Ratio: 0.35%The SPDR S&P Mining & Materials ETF (NYSEARCA:XME) is an equal-weight materials ETF with diverse exposure to miners of several industrial and precious metals.XME's underlying index provides exposure to "the following sub-industries: Aluminum, Coal & Consumable Fuels, Copper, Diversified Metals & Mining, Gold, Precious Metals & Minerals, Silver, and Steel," according to State Street.In other words, XME is exactly the type of fund that can be stung by tariffs. That is exactly what has happened to this materials ETF. XME is down 11.41% in the second quarter and resides more than 31% below its 52-week high, putting the fund deeply into a bear market.XME is also volatile as far as materials ETFs are concerned. Over the past three years, XME's annualized volatility is 26.20% compared to 15.60% for the aforementioned XLB. Problem is, XME often does not justify that increased volatility because it can trail traditional materials ETFs by wide margins.As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post 3 Materials ETFs to Help Build Your Portfolio appeared first on InvestorPlace.