45.35 +0.04 (0.09%)
After hours: 7:56PM EST
|Bid||45.28 x 800|
|Ask||45.43 x 4000|
|Day's Range||45.29 - 47.53|
|52 Week Range||45.29 - 68.81|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-20.33%|
|Beta (5Y Monthly)||1.46|
|Expense Ratio (net)||0.13%|
The Coronavirus outbreak continues to spread and it's taking a toll on the global economy, but Alicia Levine, BNY Mellon Chief Strategist, tells Yahoo Finance's On The Move “It’s not just the manufacturing and the supply chain issues. It’s also the services.”
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.
Energy funds have dropped to 10-year and all-time lows in reaction to a barrage of short- and long-term headwinds. While the coronavirus outbreak and downturn in crude oil prices have generated a good portion of this selling pressure, major political and socioeconomic forces are at work as well, with climate activists putting pressure on large international banks and hedge funds to divest from fossil fuel exposure. On the flip side, political pressure could backfire because a reduction in worldwide crude oil and natural gas production would shift the supply-demand equation, making those stocks far more attractive.
Due in large part to the panicked selling caused by the spread of the novel coronavirus, also know as COVID-19, oil prices and energy equities are tumbling. For example, the United States Oil Fund (NYSE: ...
“We're looking at a worst case scenario of a $41 a barrel on the downside,” said Stephen Schork, founder of The Schork Report, on Yahoo Finance's The Ticker. “Crude oil prices right now in the low 50s — we're looking at a potential $10 decline ... by the first half of the year”
The energy sector is comprised of companies focused on the exploration, production, and marketing of oil, gas, and renewable resources around the world. Popular energy sector stocks include upstream firms that are primarily engaged in the exploration of oil or gas reserves.
Energy markets and related ETFs slipped Friday as Saudi Arabi considers breaking off its four-year alliance with Russia as the spreading coronavirus outbreak impedes economic activity and pulls down oil ...
Indices S&P 500 ETF (NYSE: SPY ) fell 1.08% to $333.34 Nasdaq ETF (NASDAQ: QQQ ) decreased 2.01% to $230.06 Dow Jones Industrial Average ETF (NYSE: DIA ) fell 1.09% to $289.62 FTSE/Xinhua China 25 ETF ...
The S&P 500 and Nasdaq finish at all-time highs Wednesday as investors were encouraged by comments from the Federal Reserve and measures China says it has taken to help coronavirus-stricken businesses.
While the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite index hover near all-time highs, energy stocks have fallen on very hard times. Exxon Mobil (XOM) — the world’s most valuable public company as recently as 2012 — has seen its stock price plunge about 40% from its all-time high above $100 a share in June 2014, a loss of more than $180 billion in market capitalization. The Energy Select Sector SPDR ETF (XLE) the largest energy-sector ETF, is down by a similar amount from that date.
Despite rising risks and valuations for both stocks and bonds, investors are finding it painful to stay on the sidelines. In denial about the coronavirus?
Dividend-paying energy stocks, income-focused ETFs and closed-end funds, and taxable municipal bonds are among the plays investors can use.
Shares of Chesapeake Energy Corp. fell Thursday below the 50-cent mark for the first time in 26 years, after the International Energy Agency's downbeat assessment oil demand. The IEA cut its view on oil demand growth in 2020 to by 365,000 barrels a day to 825,000 barrels a day, the lowest level since 2011, as the coronavirus outbreak in China is expected to damp demand. That comes a day after the Organization of Petroleum Exporting Countries (OPEC) cut its 2020 growth outlook by 230,000 barrels a day to 990,000 barrels a day. The oil and natural gas company's stock fell 1.2% in afternoon trading to 49.83 cents. The last time the stock traded below four bits on an intraday basis was Jan. 21, 1994 and the last close below that mark was Jan. 19, 1994. Meanwhile, continuous crude oil futures rose 0.1%, and was headed for a third-straight gain after closing at a 13-month low on Monday. Natural gas futures fell 0.3%, after bouncing the past two days off Monday's 4-year low. Chesapeake's stock has plunged 80% over the past 12 months, while the SPDR Energy Select Sector ETF has shed 16% and the S&P 500 has gained 23%.
Energy was the worst-performing sector in January and the only to finish lower, saddling the Energy Select Sector SPDR Fund (XLE) and other energy ETFs with bad starts to 2020. While the short-term uncertainty has crimped the sector, energy stocks have been suffering under a long-term trend of sliding oil prices since 2014. XLE seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in the Energy Select Sector Index, which includes securities of companies from the following industries: oil, gas and consumable fuels; and energy equipment and services.
Kinder Morgan Inc. disclosed Wednesday that it plans a 25% increase to its dividend in 2020, to $1.25 a share from $1.00 a share. That increases the quarterly dividend rate to 31.25 cents from 25.00 cents. Based on Tuesday's stock closing price of $21.46 for the natural gas and oil transport company, the 2020 dividend rate would imply a dividend yield of 5.82%, well above the yield for the SPDR Energy Select Sector ETF of 4.13% and the implied yield for the S&P 500 of 1.80%, according to FactSet. Kinder Morgan's stock, which was still inactive in premarket trading, has gained 6.9% over the past three months, while the energy ETF has dropped 9.5% and the S&P 500 has advanced 8.6%.
Technically speaking, the S&P 500 has staged a bull-flag breakout, reaching record territory as the recent market volatility spike fades, writes Michael Ashbaugh.
The energy sector is again under siege with the Energy Select Sector SPDR Fund (XLE) is flirting with a double-digit year-to-date loss. The energy sector has fallen behind as crude oil prices weakened on concerns over the global economy as the coronavirus outbreak in China threatens a major component in the world economy. While the short-term uncertainty has crimped the sector, energy stocks have been suffering under a long-term trend of sliding oil prices since 2014.
It's always said that when it comes to ETFs, investors should “look under the hood” to examine ETF's holdings. The S&P 500 Ex-Energy ETF (SPXE), which provides exposure to S&P 500 companies with the exception of those included in the energy patch, can be seen as an ETF example of addition by subtraction, particularly with the energy sector struggling to start 2020. “An investment in the S&P 500 that excludes a particular sector gives you the flexibility to tailor your core U.S. equity exposure,” according to ProShares.
Energy markets and sector-related ETFs surged Wednesday, recouping some of the previous losses, despite reports of rising crude stocks. Among the best performing non-leveraged ETFs of Wednesday, the SPDR ...
With more than half the S&P 500 companies having reported fourth-quarter earnings, the earnings recession is now set to end. FactSet's blended earnings growth estimate, which includes already reported results and consensus analyst estimates of companies that haven't reported, is now showing a 0.09% gain from a year ago, compared with a negative 2.0% at the start of the earnings-reporting season. If the final results are positive, a three-quarter streak of negative growth would be snapped, and it only takes two-straight declines to define a recession. There's still a long way to go, as 275 of 505 S&P 500 companies, or 54.5%, have reported results, according to FactSet. The best sector performer has been utilities with 19.0% earnings growth, while energy has been the worst performer with a 42.7% decline. The S&P 500 gained 0.9% in morning trading, and has tacked on 3.0% this year.
The OPEC and its allies including Russia are reportedly in discussion for deeper output cuts by another 500,000 barrels a day to stabilize the coronavirus-infected oil price.
Shares of several oil and gas companies were trading lower Monday after reports emerged that Saudi Arabia is pushing for a short-term oil production cut in response to the impact of China’s coronavirus, which is impacting crude demand, The Wall Street Journal reported, citing OPEC officials. Brent crude futures were trading down 2% at $54.48 per barrel. Caroline Bain, chief commodities economist at Capital Economics, reports that commodity prices lost ground last week, as the rapid spread of the Wuhan coronavirus dented China’s near-term growth prospects.