|Bid||26.65 x 2200|
|Ask||26.74 x 306100|
|Day's Range||26.62 - 27.10|
|52 Week Range||22.05 - 29.10|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.03|
|Expense Ratio (net)||0.13%|
Ron Weiner of RDM Financial Group at HighTower gives his outlook on the markets and the economy. He talks with Yahoo Finance's Julie Hyman and Adam Shapiro.
Ron Weiner of RDM Financial Group at HighTower joins Yahoo Finance to talk about the markets and which sectors to watch as 2019 rolls on. He speaks with Yahoo Finance's Adam Shapiro.
Technically speaking, the S&P 500 has rallied atop major resistance (2,817) opening the path to less-charted territory and still potentially material follow-through, writes Michael Ashbaugh.
It was a slow start to the market Monday before the buyers rolled out of bed and went to work again. Small-caps are leading and that is reflected in very strong breadth, with around 4,800 gainers to just 2,100 decliners and.
Through thick and thin, the financial technology sector remains in favor on Wall Street. Companies like Visa (NYSE:V), Mastercard (NYSE:MA) and Square (NYSE:SQ) rarely come under fire from negative outlooks, so they make for strong bets on the upside potential of equity markets.Source: Kārlis Dambrāns via FlickrFintech offers the best of both words in the financial sector: They are prone to rallies and not considered dead money like bank stocks. When it comes to Visa stock specifically, it rallies similar to the Nasdaq Invesco QQQ Trust (NASDAQ:QQQ) and outperforms the Financial Select Sector SPDR ETF (NYSEARCA:XLF).In fact, yesterday, it set a new all-time high while the S&P 500 is still struggling to breach last year's neckline battle zones. Clearly, investors want to own more Visa stock and MasterCard than most other sectors.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo is it too late to buy V stock? The answer to this varies from one investor to another and depends mostly on time frames. How to Approach Visa Stock HereThose who want to invest in it and own the shares for the long term, the simple answer is that it's not too late to own it. Over the span of years, I don't need to be surgical with my entry points. If the stock market is higher later, then so is Visa. * The 10 Best Stocks to Buy for the Bull Market's Anniversary For that purpose, even though V stockis at all-time highs, it is not expensive. It's cheaper than MA and sells at a trailing price-to-earnings ratio of 34. While this is not dirt cheap, since it's almost double that of Apple (NASDAQ:AAPL), it's not bloated either. So owning shares here for the long term is not likely to be a major financial debacle. There is not a lot of froth to lose so the downside risk should be limitedShort term, chasing a runaway stock like this at all-time highs is not ideal. It leaves the buyers' portfolios vulnerable to short-term dips. But then again, here the matter of intentions makes a difference.For those who are looking to trade Visa stock and not necessarily be in it for the long-term investment, then going long Visa stock here would be a tactical trade. The idea is to buy high and sell higher. But for that, we need precise levels to mark the stop loss points. Bottom Line on V StockTo understand the support levels we need to know how the rally up to here unfolded. V stock is now 25% off its December lows. But the breakout really started from $140 per share on Feb. 1 and after its earnings report. That level was a neckline with $146 per share as the target. So those are two major lines of support for the mid-term.More recently, a secondary pivot level developed around $145 per share. The bears tried to break on Mar. 8, but the bulls prevailed so that now becomes an important level to hold. If it fails in the near term, it would target support at $140. * 7 Inexpensive, High-Dividend ETFs to Buy On the lower time frame charts, there is a shorter-term recent level of contention at $149.70. This served as the floor for the recent poke to new all-time highs. So by default, this becomes the first level of support and if fails, it should also be the stop loss trigger for momentum traders. This does not affect those who are in the stock for the long haul.There is also another micro support zone between $151 and $152 per share that is an even tighter stop loss levels for momentum traders. Where I stop myself out depends on my own level of risk tolerance. Click to EnlargeThe first stop, however, remains in my overall thesis on Visa stock and my goals for the trade. I need to know if I am trying to trade it or invest in it. It is also important that if I am in it for a trade that I don't turn it into an investment.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Stocks Sitting on Huge Piles of Cash * The 10 Best Stocks to Buy for the Bull Market's Anniversary * 7 Dividend Stocks With Big Yields Compare Brokers The post Is Visa Stock Worth a Look After Setting a New All-Time High? appeared first on InvestorPlace.
The Financial Select Sector SPDR (XLF) and other financial services ETFs are rebounding this year following sour performances in 2018. XLF's 320-day “trendline was solid support in June-July 2018, but quickly switched roles to act as firm resistance following a breach by XLF in early October (the shares peaked at their 320-day in early November and again in early December).
Last year was especially hard on the financial sector. It developed the reputation that the banks could sustain a rally. But one segment within the financials is hotter than ever and held up well even last year. Unlike traditional money centers, financial technology or "fintech stocks" like PayPal (NASDAQ:PYPL) and even old dogs like Visa (NYSE:V) or Mastercard (NYSE:MA) continue to rally through thick and thin. Wall Street is enamored with their business models, and this has benefitted PayPal stock.Source: Shutterstock In fact, PayPal stock is up 21% in the past 12 months; whereas, the Financial Select Sector SPDR ETF (NYSEARCA:XLF) is down 10% for the same period. The fastest and most expensive runner of the fintech bunch is Square (NYSE:SQ), which is up 35% year-to-date, but PYPL, V and MA are all strong regardless as each is up around 15% for the same period.Today, the story is about PayPal and how it should be a winning investment for the long term and offer short-term opportunities.InvestorPlace - Stock Market News, Stock Advice & Trading Tips How to Approach PayPal Stock TodayFor years, the global trend has been to transition finances to strictly online transactions. From regular shopping to global money flow, we demand our money to flow fast and worldwide. This was most evident during the Bitcoin craze of 2017. Although the value of the coin is debatable, everyone agrees that the blockchain technology behind it is attractive and encapsulates the concept. * 10 Dividend Stock Winners Transactor companies like Paypal offer the blockchain concept of moving money fast and they are operational now. So they are best suited to sustain their success for years to come. Since the transition to electronic finance is in its infancy, there is enough business for all the current competitors to thrive.So PYPL stock is likely to do well for the long term, but the problem for investors is that it's a momentum stock. It moves fast in both directions and this presents a problem to many. On the way up it seems like it's ready to correct thereby forcing traders to miss out on the upside.Case in point, while Wall Street is still expecting a correction in stocks, PYPL stock is almost at its all-time highs. Clearly, the fintech bulls are used to the momentum aspect of this trade. The idea is to buy high and sell higher. Else we'd end up missing the whole trade.Fundamentally, Paypal stock is not cheap. It is almost twice as expensive as V and three times as expensive as American Express (NYSE:AXP). But for as long as it is growing fast, investors will give it a pass on that front.Younger companies need to over spend in order to catch up so it is more important that traders judge their top line performance and not the margins. At least PYPL is in the black whereas SQ still loses money.For those who want to own the shares for the long term, then, the actual timing is less important. If the stock market is rising, then PYPL will be higher later. But not every one wants to hold stocks for the long term and for those kinds of investors, there are short-term clues for more surgical entry and exit points. Bottom Line on PYPLFor the short term, PYPL is near its all-time highs, so buying it up here requires courage. But with proper stop loss levels, traders can do it provided they stick to their exit points well. * 7 Dark Horse Stocks That Deserve Your Attention in 2019 PayPal stock recently broke out of the $94 zone so that would be the best level of short-term support if the rally fades from the top. The closest support level, which usually is the weakest, is at $97. Below that, there are two similar supports at $96 and $95. So depending on personal preferences and risk tolerance, those would be the significant short-term levels to trade. This only applies to those in it for the short term. Longer term, it can fall to $88 per share and not change the bullish thesis much.In summary, Wall Street is attracted to financial tech because the transition into an electronic environment plays right into the hands of companies like PayPal. That means you can own it or trade it with confidence for years to come.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post PayPal Stock Still Has Plenty of Room to Run appeared first on InvestorPlace.
Stocks have been taking a little breather over the past few trading days, digesting the massive year-to-date rally. The important financial sector of the S&P 500 as represented by the Financial Select Sector SPDR Fund (NYSEARCA:XLF) flashed near-term sell signals two days ago and I still see further downside for a trade in the XLF ETF.Over the years as a professional trader, I have learned that taking "idiosyncratic" risk on single name stocks is not always the best choice from a reward to risk perspective. In fact I have increasingly found that using a sector or group ETF to express a view is simply a better bet if ones focus is risk management as opposed to reward chasing.Along with technology and one or two other sectors, the financial sector is one of the most important ones to get right if one wants to get the broader market's trends right.InvestorPlace - Stock Market News, Stock Advice & Trading Tips XLF ETF Charts Click to EnlargeMoving averages legend: red - 200 week, blue - 100 week, yellow - 50 weekIn that vein, starting with the multi-year weekly chart we see that along the way the red 200-week simple moving average has been a good support reference point. This once again held true in late December 2018 where the XLF bounced from meaningfully. * 9 Trade War Stocks to Sell on U.S.-China Deal News Another notable reference point, however, has been the yellow 50-week moving average, where this sector ETF has now rallied up to. A failure here would lead to another lower high … of which we have already seen two since early 2018. Click to EnlargeMoving averages legend: red - 200 day, blue - 100 day, yellow - 50 dayOn the daily chart we see that the red line here is the 200-day simple moving average (roughly equal to the yellow 50-week moving average from the above chart). Note that earlier this week this moving average was rejected in a textbook way and we have seen the important follow-through selling confirmation over the past two days.In fact, the most recent bearish reversal in the XLF ETF has followed a specific high probability candlestick pattern that I scan for each day. On Thursday I am holding a special webinar for InvestorPlace readers to teach this pattern in detail. Register HERE to join the free webinar.From here active investors and traders have a very well defined last resort stop loss on any short-side trades they attempt in the financials ETF, namely the red 200-day moving average, currently around the $26.80 mark.A next downside profit target is around the $25.50 area.Alternatively, options traders could look to buy put spreads using at the money options expiring no less than 50 days out, as implied volatile is still relatively cheap.The one candlestick pattern that will change your year. Free webinar. Register HERE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Blue-Chip Stocks That Will Lose You Money * 7 Cheap Stocks Under $5 That Could Soar * 7 Stocks Under $10 You Shouldn't Buy Compare Brokers The post Trade of the Day: Financial SPDR ETF Flashes a Sell Signal appeared first on InvestorPlace.
Some of last year's laggard sectors and the related exchange traded funds are already rebounding, but if historical trends hold firm, March could bring more of the same. Using the sector SPDR exchange traded funds as the barometers, none of the original nine members of the sector SPDR suite average March losses. Going back to 1999, the first full year of trading for the sector SPDR ETFs, the best-performing fund in that group in the month of March is the Energy Select Sector SPDR (NYSE: XLE).
Last night Square (NYSE:SQ) management reported earnings and SQ stock investors absolutely did not like what they saw. Not as much as they hated the Box (NYSE:BOX) earnings report but nonetheless, the stock is down more than 4% in early morning trading.Source: Via SquareManagement reported a decent scorecard meeting, beating the metrics on the top and bottom lines. SQ even had strong triple-digit growth in services and subscriptions. But as is the case these days, they guided lower than expected going forward. Wall Street demands to be wowed, or else they punish the stock on earnings events.And therein lies the opportunity with Square stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThese dips on earnings that don't come from bad execution are usually opportunities for those who want to go long the stock. SQ is a momentum stock so it almost never allows for an easy trade. On the way up it always seems too high to chase and on the way down it looks like it is falling into a chasm.This morning, Square stock is falling into a short-term support zone around $74 per share. But even if this one fails, It will have strong support through $70 per share. In the long run, the $4 differences between levels won't matter much, especially for a fast mover like this. How to Trade SQ Stock After EarningsYear-to-date, SQ stock came into earnings up 40% so it can afford a few red ticks. Furthermore, for the past 12 months, it is up 70%. This is not the case of BOX, where it is losing growth; SQ is still firing on all cylinders. * 10 Blue-Chip Stocks to Lead the Market So while 2019 has been great so far, 2018 ended badly when the whole market crashed into year-end. Since then, SQ stock fell 50% from the September highs but it has recovered half of it back from when the correction started. The slide ended on Christmas and since then it's up 45% even after this dip.Those who missed the rally will want back in and it will be a matter of finding the right levels.Fundamentally, I like the transactor companies like this. The gang includes Visa (NYSE:V), Mastercard (NYSE:MA), American Express (NYSE:AXP) and Paypal (NASDAQ:PYPL). The world is migrating to complete electronic payments and these companies are the ones that will make it happen. SQ is the most expensive of them, but it is also so far the most exciting. So, for now, the valuation won't matter much to investors as long as it delivers on growth.Cautious guidance does not mean Square stock deserves a 4% drop. This could be management managing expectations going into a tumultuous geo-political situation where nations are in tariff-war showdowns. Wall Street has a history of over-loving momentum stocks. Much like the situation with Nvidia (NASDAQ:NVDA) for example. At $290, everyone loved it, but when it fell from grace, very few outspoken fans remained.To that I say that it's not bad because this is human nature; we even have a term for it: FOMO. Both extremes are wrong, so somewhere in the middle lies the truth. It's dips like these that bring the hopium back to more reasonable levels.Surprisingly, a momentum stock that has run up this fast usually sports an overly exuberant ranking among Wall Street experts. But currently, analysts who cover it are split between BUY and HOLD as it trades in the middle of their price range for it. I doubt that given that they beat their targets, there will be a deluge of downgrades. Maybe on the dip some of them will see the opportunity and Square stock may even get a few upgrades.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 5 STARS Stocks That Continue to Define the Future * 7 of the Best ETFs to Buy for a Rock-Solid Portfolio * 5 Real Estate Stocks to Buy for Dividend Income Compare Brokers The post Is Square Stock a Solid Buy on This Earnings Dip? appeared first on InvestorPlace.
What Investors Should Take Away from Buffett’s Annual Letter(Continued from Prior Part)BuffettIn the annual shareholder letter, Buffett lamented the lack of big acquisition opportunities, which he called “elephants.” The last major acquisition
Moody’s said U.S. corporate leverage now exceeds levels seen prior to the financial crisis, creating direct and indirect risks for American banks. Fortunately, Moody’s associate managing director Andrea Usai said banks are much better-positioned to handle these risks than they were in 2008. Moody’s said a collapse of the leveraged loan market could spill into other loan markets or asset classes.
Warren Buffett's Investments: Did He Play It Safe in Q4?(Continued from Prior Part)Banking stocks Warren Buffett, Berkshire Hathaway’s (BRK-B) chairman, has a flair for financial stocks (XLF). Berkshire Hathaway is the largest shareholder in Wells
Bank stocks and sector-related exchange traded funds were leading the markets higher after recent filings revealed Warren Buffett's Berkshire Hathaway Inc. jumped in on the falling bank stocks to increase his bets on financials, hinting at the possibility of further merger and acquisition activity in the space. Among the top performing non-leveraged ETFs on Friday, the Invesco KBW Bank ETF (KBWB) increased 2.3%, First Trust NASDAQ ABA Community Bank Index Fund (QABA) advanced 2.0% and SPDR S&P Bank ETF (KBE) gained 2.1%. Meanwhile, the broader Financial Select Sector SPDR (XLF) was 1.8% higher.
Positive news about the progress on China trade is squeezing the market higher Friday. The action Friday is similar to what we saw this past Tuesday when the market moved sharply higher on hopes of a China deal. Many market players were out of position for the strength and that caused chasing and short covering.
Citigroup Stock: Potential Upside(Continued from Prior Part)Strong financial performance Citigroup (C) impressed investors with its financial performance in 2018 due to higher net interest revenues, lower costs, and a decline in the effective tax
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.
Bank of America Stock: Analyzing the UptrendStrong financial performance Bank of America (BAC) has impressed investors with its financial performance in the past several quarters. The company beat analysts’ estimate on the sales and earnings
Markets Give a Thumbs Up to ‘True Merger of Equals’Merger Today, Sun Trust Banks (STI) and BB&T (BBT) announced a merger that would create the sixth largest bank in the United States (SPY). While BB&T was trading marginally higher in
What to Watch in Berkshire Hathaway’s Upcoming 13F(Continued from Prior Part)Crypto threat Warren Buffett, Berkshire Hathaway’s (BRK-B) chairman, has been critical of cryptocurrencies. Last year, he called bitcoin “rat poison squared.”
It is awfully difficult for me to be bearish of stocks if the most important sectors in America are not just making new highs, but also breaking out to new relative highs. The way I see it, we don’t have bull markets in America without the participation of banks. To the contrary, consumer discretionary is a sector overweight if managers think stocks are going higher.