68.49 -0.01 (-0.01%)
After hours: 7:44PM EDT
|Bid||68.62 x 28000|
|Ask||68.69 x 800|
|Day's Range||68.05 - 68.81|
|52 Week Range||53.36 - 79.42|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.21|
|Expense Ratio (net)||0.13%|
As the Fed's independence is questioned, what is the impact? Sri Kumar, Sri Kumar Global Strategies, and Art Hogan, National Securities, discuss.
Joseph Zidle, Blackstone, on your best bet in the coming months. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Karen Finerman and Dan Nathan.
Two of the three main stock market indexes on Monday finished in positive territory as the energy sector rallied on the back of a surge in oil prices, but the Dow lagged behind its peers, weighed by shares of Boeing Co. . The Dow Jones Industrial Average finished down 48 points, or 0.2%, at 26,511, with Boeing's stock serving as the biggest drag on the blue-chip gauge, following a report over the weekend from the New York Times that charged the aeronautics and defense company with shoddy production of its Dreamliner jets. Meanwhile, the S&P 500 index gained 0.1% to finish around 2,908, with a rally of more than 2% in crude-oil prices , helping to deliver a fillip to the energy sector , which climbed 2.1% on the day. The U.S.'s announcement that it would end waivers for countries importing oil from Iran helped to drive crude values sharply higher. Meanwhile, the Nasdaq Composite Index advanced 0.2% at 8,015, putting the index about 1.2% short of its Aug. 29 all-time closing high. The S&P 500 is less than 1% short of its Sept. 20 closing record. Trading on Monday was somewhat subdued, coming after markets were closed at the end of last week in observance of Good Friday. Some European markets were closed in observance of Easter Monday. Investors are focused on a barrage of earnings coming from key companies, including Amazon.com Inc. , Facebook Inc. , Microsoft Corp. , and others, as Wall Street watches for results from American corporations in order to find a catalyst to take stocks higher.
Not even one in five of 18 to 24 year-olds would consider buying energy stocks. Dividends and more eco-friendly energy are needed to draw these young investors into this sector of the market.
Key Events in the Energy Sector Last Week(Continued from Prior Part)Energy subsector ETFsIn the week ending April 18, major energy subsector ETFs had the following performances:The VanEck Vectors Oil Services ETF (OIH) rose 0.3%.The VanEck Vectors
Shares of energy companies were broadly higher Monday, as crude oil prices jumped toward a 5 1/2-month high on supply concerns after reports that the U.S. will announce the end of waivers for countries to import Iranian oil. Also giving the sector a boost was better-than-expected first-quarter results from oil services company Halliburton Co. before the open. The SPDR Energy Select Sector ETF rose 0.8%, with 27 of its 30 equity components gaining ground, led by the 1.8% rally in Marathon Oil Corp.'s stock . Halliburton shares gained 0.1%. Among other more active energy ETF (XLE) components, shares of Kinder Morgan Inc. advanced 1.3%, Exxon Mobil Corp. rose 1.4% and Chevron Corp. tacked on 0.7%. Among the few losers, Schlumberger Ltd.'s stock gave up 0.3% and Anadarko Petroleum Corp. shares slipped 0.3%. The XLE has rallied 18.2% year to date while the S&P 500 has gained 15.8%.
U.S. stocks fell Monday morning ahead of a big week for corporate quarterly results from internet-related stocks, and as oil prices shot higher as the U.S. said it would end waivers for countries importing Iranian crude. The Dow Jones Industrial Average fell 87 points, or 0.3%, at 26,468, the S&P 500 index declined 0.3% at 2,897, and the Nasdaq Composite Index gave up 0.4% at 7,661. All three benchmarks had been near all-time closing highs. The markets are likely to face subdued action as most major indexes were closed at the end of last week in observance of Good Friday and as many European markets are closed in observance of Easter Monday. Meanwhile, the U.S. said it was ending waivers for countries to import Iranian oil, part of the Trump administration's effort to drive Iran's exports to zero, the White House said Monday. The announcement lifted crude prices sharply higher, with West Texas Intermediate crude trading on the New York Mercantile Exchange gaining 2.3% at $65.57 a barrel. The energy sector , meanwhile, was up 1.1%. On the data front, a report on existing home sales for March was due at 10 a.m. Eastern Time. Looking ahead, earnings from Amazon.com Inc. , Twitter Inc. , Facebook Inc. and Microsoft Corp. are expected over the next several sessions.
Raymond James' Take: Can the Bull Run Continue?Stock markets’ remarkable recoveryThe stock markets have had a remarkable recovery since the fourth-quarter sell-off. Year-to-date, the S&P 500 (SPY) and the Dow Jones Industrial Average Index
What Helped Your Energy Portfolio Overcome Oil's Weakness?(Continued from Prior Part)US equity indexesIn the trailing week, US equity indexes had the following correlations with US crude oil active futures:the Dow Jones Industrial Average (DIA):
What Helped Your Energy Portfolio Overcome Oil's Weakness?(Continued from Prior Part)Correlation with US crude oil On April 10–17, major energy ETFs had the following correlations with US crude oil active futures: the VanEck Vectors Oil Services
ConocoPhillips announced Thursday a deal to sell two exploration and production subsidiaries in the United Kingdom for $2.68 billion to Chrysaor E&P Ltd., plus interest. The two subsidiaries combined hold ConocoPhillips' E&P assets in the U.K., as well as associated decommissioning liabilities. ConocoPhillips said it will retain its London-based commercial trading business, and its 40.3% interest of the Teesside oil terminal. The company said it will use proceeds from the deal for general corporate purposes. The stock was indicated down less than 0.5% in premarket trade. It has gained 5.5% year to date, while the SPDR Energy Select Sector ETF has rallied 17.7% and the S&P 500 has climbed 15.7%.
Will Natural Gas Recover from Its Two-Month Low?(Continued from Prior Part)Natural gas rig count The natural gas rig count was at 189 last week—five less than the previous week. The natural gas rig count has fallen ~88.2% from its record level of
The energy sector has been one of the worst-performing market sectors in recent years, as a global oil supply has continued to surprise to the upside. The latest data from Bank of America suggests investors ...
XLE, the largest equity-based energy exchange traded fund, is higher by 17.40% this year, but that showing lags those of non-equity oil ETFs. XLE and rival equity-based energy funds will be tested when first-quarter earnings start rolling in. “At the sector level, the Energy (+13.5%) and Health Care (+11.7%), sectors are expected to see the largest price increases, as these sectors had the largest upside differences between the bottom-up target price and the closing price on April 4,” according to FactSet.
Energy Sector: Key Highlights from Last Week(Continued from Prior Part)Energy subsector ETFsIn the week ending April 12, major energy subsector ETFs had the following performances:The SPDR S&P Oil & Gas Exploration & Production ETF
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.
Why Energy ETFs Underperformed Oil's Gains?(Continued from Prior Part)US equity indexesIn the trailing week, US equity indexes had the following correlations with US crude oil active futures:the S&P 500 (SPY): 59.2%the S&P Mid-Cap 400
Why Energy ETFs Underperformed Oil's Gains?(Continued from Prior Part)Correlation with US crude oil On April 4–11, major energy ETFs had the following correlations with US crude oil active futures: the SPDR S&P Oil & Gas Exploration &
Shares of oil and gas companies were broadly higher in premarket trade Friday, outside of Chevron Corp.'s stock , which shed 4.0% after the $33 billion stock-and-cash deal to buy Anadarko Petroleum Corp. The SPDR Energy Select Sector ETF rose 1.0%. Among some components seeing premarket trade, shares of Anadarko shot up 30%, Exxon Mobil Corp. rose 1.0%, Kinder Morgan Inc. gained 0.7%, Marathon Oil Corp. surged 3.5%, Chesapeake Energy Corp. was up 0.9% and Schlumberger Ltd. tacked on 2.1%. Meanwhile, S&P 500 futures advanced 0.5%.
What to Expect from Kinder Morgan’s Q1 Earnings Results(Continued from Prior Part)KMI’s year-to-date rise Kinder Morgan (KMI) stock has posted impressive gains in 2019, outperforming many of its peers. Enterprise Products Partners (EPD) and
What to Expect from Kinder Morgan’s Q1 Earnings ResultsKMI’s first-quarter resultsKinder Morgan (KMI) is expected to report its earnings results for the first quarter of 2019 on April 16. Analysts expect the company to report EPS of $0.24 in the
With oil prices rallying sharply since the end of last year, it would be natural to expect energy-sector stocks to be tearing the roof of the market. “Energy currently offers the best risk-reward,” wrote J.P. Morgan quantitative analysts led by Dubravko Lakos-Bujas, in a Friday note. Since the end of last year, both oil and the stock market have come roaring back from a steep fourth-quarter selloff.
On the upside, the S&P 500 (SPX) is up a stellar 15% in the last three months after a rocky December caused many market observers to wonder whether the bull market was finally on its last legs. Another surprise has been the resilience of the energy sector and steadily increasing crude oil prices. After starting the year around $43 a barrel, oil (CLK9) has jumped roughly 40% to the mid $60s per barrel — and the flagship Energy Select Sector SPDR Fund (XLE) has jumped almost 20% in the same period as a result.