XLF - Financial Select Sector SPDR Fund
30.36 0.00 (0.00%)
After hours: 5:14PM EST
| Previous Close | 29.96 |
| Open | 30.29 |
| Bid | 30.34 x 300400 |
| Ask | 30.36 x 301800 |
| Day's Range | 30.28 - 30.46 |
| 52 Week Range | 22.05 - 30.46 |
| Volume | 40,365,099 |
| Avg. Volume | 47,658,101 |
| Net Assets | 26.5B |
| NAV | 29.97 |
| PE Ratio (TTM) | N/A |
| Yield | 1.87% |
| YTD Daily Total Return | 27.75% |
| Beta (3Y Monthly) | 1.16 |
| Expense Ratio (net) | 0.13% |
| Inception Date | 1998-12-16 |
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Semiconductors act as key drivers of strength in equity markets. Chaikin Analytics Chief Market Strategist Dan Russo and Bulleye Brief Author and Publisher Adam Johnson join Yahoo Finance’s Adam Shapiro, Julie Hyman and Heidi Chung to discuss on On The Move.
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Why millennials favor crypto for financial services: Study
Cryptocurrency is offering younger generations new ways to managing their money. Global Chair of the Financial Services Sector at Edelman Deidre Campbell joins Yahoo Finance’s Zack Guzman, Heidi Chung and Julie Hyman to discuss on YFi PM.
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U.S. Officials consider dropping some tariffs on China: FT
The Financial Times reports some Trump administration officials are debating whether to remove some tariffs on Chinese goods, as a concession to solidifying a partial trade deal. Allianz Global Investors’ Mona Mahajan and Payne Capital Management’s President Ryan Payne join Yahoo Finance’s Akiko Fujita to break down the market impact on The Ticker.
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Dow industrials post best day in 2 months after better-than-expected November jobs report
U.S. stocks close sharply higher Friday after employment report for November beat expectations, while investors remain optimistic about the chances of a U.S.-China trade deal.
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Healthy Bounce
Finance and health care took the lead as stocks rebound. What are the best industry groups in the surprisingly robust health care sector?
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November ETF Asset Report
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Financial stocks sink as tariff fears send Treasury yields tumbling the most in over 3 years
Financial stocks suffered a broad selloff in morning trading Tuesday, as trade-war fears sent the 10-year Treasury yield toward the biggest decline in over three years. The SPDR Financial Select Sector ETF slid 2.0%, with 65 of 67 equity components losing ground. That financial ETF (XLF) was the weakest of the ETFs tracking the S&P 500's 11 key sectors. The S&P 500 dropped 1.2%. Among the XLF's most active components, shares of Bank of America Corp. lost 2.5%, Citigroup Inc. shed 2.5%, J.P. Morgan Chase & Co. gave up 2.1%, Wells Fargo & Co. dropped 2.5% and Morgan Stanley declined 3.1%. The 10-year Treasury yield fell 13.2 basis points (0.132 percentage points) to 1.704%, putting it on track for the biggest one-day basis-point decline since it fell 16.0 basis points on June 24, 2016, according to FactSet data. The yield decline comes after President Donald Trump said it might be better to hold off a trade deal with China until after the presidential election. Lower long-term rates can hurt bank earnings, as that could cause the spread between what banks earn from funding longer-term assets, such as loans, with short-term liabilities.
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Wells Fargo's stock slips after Raymond James downgrades to underperform
Shares of Wells Fargo & Co. fell 0.2% in premarket trading Monday, after Raymond James analyst David Long returned to being bearish on the bank, citing expectations of weak earnings and a fourth-straight year of revenue declines next year. Long cut his rating to underperform from market perform. He had upgraded Wells Fargo market perform in March, after being bearish for 2 1/2 years. Long expects revenue to fall 6.8% in 2020, the steepest decline among Wells' peers, and projects loan growth of a peer-worst 0.5%. He also expects profitability metrics, which have been on a consistent downtrend since 2013 despite an improving economy, to "deteriorate further" in 2020, and remain below the peer average through at least 2021. "Stigma around Wells' account scandal still lingers, as anecdotal evidence suggests the bank continues to lose customers and revenue-producing bankers, and struggles to recruit quality talent," Long wrote in a note to clients. "Additionally, we expect [net interest margin] pressure to remain intense as lower [shorter-term] rates pressure its asset yields, while deposit costs have little room to come down." The stock has climbed 18.2% year to date through Friday, while the SPDR Financial Select Sector ETF has rallied 26.6% and the S&P 500 has climbed 25.3%.
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Inefficient Market Theory: Berkshire Hathaway and Indexation
Even great companies can sometimes be lumped in with the wrong crowd, leading to an opportunity for perceptive value investors Continue reading...
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Stocks Set for a Strong 2020? Top-Ranked ETFs to Pick
Wall Street strategists are betting big on a 2020 stock rally. Hopeful investors can thus play these top-ranked ETFs.
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Should You Invest in the Invesco KBW High Dividend Yield Financial ETF (KBWD)?
Sector ETF report for KBWD
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2 Sectors & Their ETFs Are Hot Picks for 2020
These two sectors and their related ETFs are favored by Wall Street strategists.
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The rally in cyclical stocks has only just begun: Leuthold’s Paulsen
The rotation into cyclical stocks has been incomplete, with consumer discretionary and materials names lagging the market
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13 Stocks With The Highest Average Daily Trading Volume
One of the most basic but useful metrics a stock trader can watch is daily trading volume. Volume is simply the total number of shares that change hands in a given time period. Essentially, volume is an ...
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Should You Invest in the Invesco S&P 500 Equal Weight Financials ETF (RYF)?
Sector ETF report for RYF
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Why Bank ETFs May Soar in 2020
Rising deposits, solid dividend payments, solid GDP growth and compelling valuations can fuel bank ETFs in 2020.
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Markets Wound Tight
Certain stocks would benefit if interest rates rise, while investors may be finding their way back to GE shares.
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Markets Rise as Utility Stocks Drop
Berkshire Hathaway is holding back the financial sector, while Walmart stock is outperforming Amazon and the overall market.
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ETF Asset Report of Last Week: U.S. Stocks a Hit
Investors poured money into global equity funds at the fastest rate in almost two years last week, putting the spotlight on these ETF areas.
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Citigroup CEO: The consumer is in 'very good shape'
Michael Corbat, CEO of Citigroup, on his outlook for the economy
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Financial Select Sector SPDR ETF (XLF) Hits a New 52-Week High
This Financial Select Sector SPDR Fund has hit a new 52-week high. Are more gains in store?
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3 Reasons to Bet on Bank ETFs Now
The banking sector boasts a favorable operating backdrop, decent earnings and a value focus. Investors can bet on top-ranked financial ETFs to tap the trend.
- Investopedia
Financial Sector Moves Higher as Markets Grow Optimistic
As financial stocks break out, we look at who won the discount broker battle and consider what comes next for Schwab.
- MarketWatch
Charles Schwab stock sinks after Raymond James downgrade
Shares of Charles Schwab Corp. slumped 1.7% in premarket trading Tuesday, after the discount broker was downgraded by Raymond James analyst Patrick O'Shaughnessy, citing concerns over valuation and a lack of confidence in the advisory outlook. O'Shaughnessy cut his rating to market perform from outperform. "We are not sold on the notion that Schwab can meaningfully pivot towards a more advisory-type business model in a zero commission world," O'Shaughnessy wrote in a note to clients. "Furthermore, while Schwab enjoys the most scale and arguably best competitive positioning in the industry, it also is highly levered to interest rates and is an unlikely acquisition candidate due to its size." Therefore, he said he believes there are more attractive valuations within the online brokerage industry. The stock has run up 23% since closing at a 3-year low of $35.10 on Oct. 3, through Monday. It has gained 4.1% year to date, while the SPDR Financial Select Sector ETF has rallied 23.3% and the S&P 500 has advanced 22.8%.
