|Bid||0.00 x 3100|
|Ask||0.00 x 900|
|Day's Range||56.35 - 58.42|
|52 Week Range||38.68 - 58.42|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||8.01%|
|Beta (5Y Monthly)||0.00|
|Expense Ratio (net)||0.13%|
This article is a part of InvestorPlace.com's Best ETFs for 2020 contest. Todd Shriber's pick for the contest is the Communication Services SPDR Fund (NYSEARCA:XLC).The Communication Services SPDR Fund (NYSEARCA:XLC) probably won't catch some of the leading contenders, such as cloud computing and innovative technology funds, in the 2020 edition of the Best ETFs Contest, but give XLC some credit, as it has recaptured nearly all of its March losses. In fact, as of June 25, it resides just 5.51% below its record high.InvestorPlace - Stock Market News, Stock Advice & Trading TipsA second-quarter gain of almost 30% fueled in large part by internet behemoths Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is helping the exchange-traded fund climb out of the hole caused by the novel coronavirus earlier in the year. XLC allocates more than 45% of its weight to those three securities, so saying they're important to XLC's fortunes is an understatement.Facebook retured almost 50% in the April through June period, which was a boon for XLC. This is particularly important because the social media giant is once again the center of political controversy. Politicians aren't just concerned about the monopoly-esque status enjoyed by Facebook (Alphabet is part of this conversation, too), but also the company's perceived political leanings.Alphabet and Facebook traversed political waters before and with polls suggesting the occupying party of the White House and Senate majority will flip come November, analysts aren't shying away from upgrading the two internet giants. Covid-19 ConcernsThe recent resurgence in coronavirus cases can affect XLC in either direction. Getting the fund's vulnerabilities out of the way first, Disney (NYSE:DIS) is a top 10 XLC holding, accounting for 4.32% of the ETF's weight. * 10 Consumer Stocks to Buy to Ride the Post-Covid-19 Wave Disney is modestly higher over the past week, but there's headline risk here, including the delayed reopening of Disneyland in California. Florida, home to Disney World, is also experiencing a surge in coronavirus cases. The Sunshine State is loathe to implement another shutdown, but Disney can do that on its own and it would likely hamper to stock. None of that includes potential delays to the restarts of the NBA and NHL seasons or the possibility that either college football and the NFL won't start on time this year -- all scenarios that would weight on Disney's ESPN unit.In better news, XLC is also uniquely positioned to withstand another shutdown and not simply because folks will be killing time Googling stuff or posting on Facebook. In lieu of a proper streaming entertainment ETF, XLC is an adequate proxy with robust exposure to Netflix (NASDAQ:NFLX), among other streaming stocks. Put simply, Netflix is one of the best-performing S&P 500 stocks this year and shelter-in-place directives are a big reason why that's the case.Likewise, video game stocks are on a roll this year, ranking as the other segment -- in addition to streaming -- that's benefiting from stay-at-home policies. Even if another shutdown doesn't come to pass, XLC's video game exposure is meaningful because it's derived via game publishers. With a console upgrade cycle coming later this year, gamers will want new software to test out the new hardware and that could be catalyst for several XLC components like Electronic Arts (NASDAQ:EA) and Activision-Blizzard (NASDAQ:ATVI). The Bottom Line on XLC as One of the Best ETFsAs noted above, XLC is behind some of the other competitors in the Best ETFs fray, but that's not a reason to dump or ignore the fund.Alphabet and Facebook sport pristine balance sheets, sit on mounds of cash and are proving largely immune to political pressure. Additionally, the fund's exposure to the disruption offered by the gaming and streaming industries is compelling for long-term investors that don't want to stock pick in those arenas.That is to say, with few exceptions, XLC's holdings are mostly growth stocks and growth is on a multi-year run of crushing value.Todd Shriber has been an InvestorPlace contributor since 2014. He owns shares of XLC. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Best ETFs for 2020: The Communication Services SPDR ETF Is on the Mend appeared first on InvestorPlace.
The markets closed in the green after Tuesday’s trading session, with the ten of the eleven sectors posting gains as hopes for a coronavirus vaccine rose and U.S. - China trade fears diminished. The Final Round panel discusses the latest.
Stocks traded choppily Thursday after opening lower, as market participants nervously eyed rising coronavirus cases in major regions throughout the country. Meanwhile, a report showed new weekly unemployment insurance claims were worse than expected last week.
T-Mobile U.S. Inc. filed Thursday for the planned offering of senior secured debt in a private offering, but did not provide an expected amount or maturity. The notes will be sold only to those believed to be qualified institutional buyers. The telecommunications company expects to use the proceeds for "ongoing liability management," including paying off existing unsecured notes. Shares of T-Mobile, which completed its acquisition of Sprint earlier this year, rose 0.6% in premarket trading. It has rallied 30.9% year to date through Wednesday, while the SPDR Communication Services Select Sector ETF has tacked on 3.5% and the S&P 500 has slipped 3.6%.
The markets closed in the green after Monday’s trading session, with the financial and communication sectors leading the way as the Federal Reserve announced it would purchase individual, corporate bonds as part of its lending program to add liquidity to the economy. The Final Round panel discusses the latest.
Shares of Walt Disney Co. rose 0.3% in midday trading Monday, erasing an earlier loss of as much as 3.3%, as BofA Securities analyst Jessica Ehrlich boosted his price target to a level that was 26% above current levels. At current valuations and with world economies starting to reopen, "we believe shares offer a compelling entry point for best-in-class assets with an attractive risk/reward profile that is skewed to the upside by a factor of 3:1," Ehrlich wrote in a research note. She boosted her price target to $146 from $123, and reiterated her buy rating. "Although COVID-19 pressures should continue to weigh on near-term financials, we believe [Disney] is well positioned to grow stronger through the crisis," Ehrlich wrote, as numerous catalysts exist to drive growth higher, including theme park reopenings, resumption of feature film releases, return of professional live sports and direct-to-consumer momentum through a faster Disney+ rollout. The stock has rallied 13.1% over the past three months, while the Dow Jones Industrial Average has gained 9.9%.
Stocks closed at their highest levels since at least March, ending Friday’s volatile session mostly higher after President Donald Trump announced retaliatory measures against China that were less negative for markets as some had feared. Myles Udland, Sean Smith, Rick Newman, and Akiko Fujita discuss on The Final Round.
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.
Yahoo Finance’s Dan Howley joins Yahoo Finance’s Seana Smith to break down how Tom Hanks’ upcoming World War II film is a big win for Apple's streaming service.
Kathryn Rooney Vera, Bulltick's Chief Global Markets Strategist, joined Yahoo Finance's Myles Udland, Jen Rogers, Dan Roberts, and Melody Hahm to discuss the state of the markets and her outlook for the U.S. economy amid COVID-19.
Jay Bryson, Wells Fargo's Acting Chief Economist, joined Yahoo Finance's Jen Rogers, Myles Udland, Dan Roberts, and Melody Hahm to discuss what he's expecting out of the April jobs report on Friday.
Jack Manley, Global Market Strategist at J.P. Morgan Asset Management, joined Yahoo Finance's Jen Rogers, Myles Udland, and Andy Serwer to discuss his outlook for the U.S.'s economic recovery following coronavirus.
Facebook stock is jumping after the social media giant reported 'stability' in its ad revenue. D.A. Davidson Sr. Research Analyst Tom Forte joins Yahoo Finance’s Seana Smith to break down the quarterly results.
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.
This article is a part of InvestorPlace.com's Best ETFs for 2020 contest. Todd Shriber's pick for the contest is the Communication Services SPDR Fund (NYSEARCA:XLC).Growth, internet, social media and streaming entertainment stocks haven't been immune to the madness induced by the coronavirus from China. All of this has put considerable strain on the Communication Services SPDR Fund (NYSEARCA:XLC). But the bright side is that the XLC ETF now looks like it could be one of 2020's more credible rebound opportunities.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSome stocks and ETFs -- think airlines, energy and travel and leisure -- have been rightfully punished at the hands of the COVID-19 pandemic, but XLC's 15.47% month-to-date decline could prove to be a quintessential case of the baby being thrown out with the bath water.As it is, XLC is outperforming the S&P 500 this month and on a year-to-date basis, potentially showing the fund and its components will take on leadership roles if and when stocks rebound. Still a Lot to Like About XLCIn terms of acting as an investment play against the coronavirus, the $6.26 billion XLC is a mixed bag. Notable is the fact that the ETF features Netflix (NASDAQ:NFLX) as one of its top holdings (6.42% weight) and that stock has been a standout this year, jumping 12.18% as investors are embracing stay at home ideas in the face of COVID-19. * 7 Strong Stocks to Buy to Survive the Coronavirus Crisis Conversely, Dow Jones components Disney (NYSE:DIS) and Verizon (NYSE:VZ) -- two other big-name XLC constituents -- are wilting against the coronavirus backdrop. Yes, Disney has a burgeoning streaming service, but the stock is being punished as investors ponder how long it will take for movie theater and theme park visits to return to normal after the coronavirus passes. Likewise, Verizon is betraying its defensive reputation and is merely performing less poorly than the broader market.Now, let's examine Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), two stocks that combine for roughly for 42% of the XLC ETF. Alphabet is outpacing the S&P 500 this year, while Facebook is slightly trailing the benchmark equity gauge. Both names are lower this year because investors are concerned about what becomes of internet advertising spending in a recession.The concern is relevant, but reasons remain to embrace XLC's top two holdings. One is cash, something there's a newfound premium on the current climate. Alphabet and Facebook have cash. Lots of it.At the end of 2019, Alphabet had $119.67 billion in cash on hand, while Facebook had $54.85 billion. In volatile times, cash can be a buffer and it's a quality trait at a time when investors are eagerly embracing quality stocks. For those considering XLC, it's clear the ETF is home to some cash-rich companies and none of its marquee holdings will be asking Uncle Sam for a bailout anytime soon. Is XLC Still One of the Best ETFs for 2020?There's no sugarcoating the fact that XLC is off to a rough start this year, but that's true of basically every other traditional sector ETF out there, too. And while some companies and industries are facing near zero revenue scenarios for the first quarter of this year, that's not going to be the case for Alphabet and Facebook.Add up the cash positions of those companies and selloffs that are likely cases of too much too fast, and there's a recipe for XLC to perk up later this year.Todd Shriber has been an InvestorPlace contributor since 2014. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post Best ETFs for 2020: Communication Services SPDR Fund Is a Rebound Play appeared first on InvestorPlace.
On Tuesday Boeing called for a $60 billion lifeline for the struggling U.S. aerospace industry. Yahoo Finance’s On The Move panel break down the latest developments.
Stocks bounce back following yesterday’s market sell off. Tracy Chen, Brandywine Global Portfolio Manager and Head of Structured Credit joins Yahoo Finance’s On The Move panel to discuss.
The FCC has issued a new warning to phone companies allowing international robocalls to enter America. Yahoo Finance's Ethan Wolff-Mann joins Seana Smith on The Ticker to discuss.
A cut in China tariffs on $75 billion worth of U.S. goods and solid corporate earnings are fueling today's market gains. Agora Financial Chief Market Strategist Alan Knuckman and Cresset Capital Chief Investment Officer Jack Ablin join Yahoo FInance’s Seana Smith on The Ticker to discuss.
Facebook beat estimates on both revenues and earnings. However, the slowdown in revenue growth and warnings of decelerated expansion disappointed investors, sending shares of Facebook down more than 7% in aftermarket hours.
Facebook is poised to beat the earnings estimate going by the Zacks methodology given the positive earnings revision trend, which is generally a precursor to an earnings beat, and attractive fundamentals.
Technology sector ETFs are in for a big week ahead as tech stock “Cadillacs” are up to bat. While investors were initially put off by the lackluster quarterly report out of Netflix (NasdaqGS: NFLX) on ...