|Bid||0.00 x 28000|
|Ask||0.00 x 28000|
|Day's Range||73.30 - 73.88|
|52 Week Range||66.95 - 80.96|
|PE Ratio (TTM)||330.72|
|Expense Ratio (net)||0.14%|
Nicholas Heymann, William Blair & Company co-head of global industrial infrastructure analyst, provides insight to the industrial sector and the impact of tariffs on the industry.
The U.S. economy added 213,000 jobs in June, beating economist expectations of 195,000. The unemployment rate rose from 3.8% to 4.0% while wage growth climbed at a 2.7% year-over-year pace. Yahoo Finance's Seana Smith, Pras Subramanian and Julia La Roche discuss.
Yahoo Finance’s Seana Smith and Jared Blikre with the latest market analysis and biggest headlines moving stocks in midday trading Monday.
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.
MARKET PULSE The industrial sector was broadly higher in afternoon trading Friday, led by a surge in General Electric Co.'s (ge) shares, as an upbeat jobs report helped offset worries about global trade.
For the smallest US Class I railroad, Kansas City Southern (KSU), rail traffic volumes have been a mixed bag in 2018. For the past several weeks, it has reported very uneven growth in volumes. In Week 25, which ended on June 23, it registered a 7% loss in railcar volumes, excluding intermodal. Its carload volumes were ~24,600 units from ~26,500. In the 25th week, US railroads (XLI) posted a 2.5% YoY carload growth overall, which is in sharp contrast to the slump for this US-Mexico railroad.
In Week 25, which ended on June 23, Western US rail giant Union Pacific’s (UNP) carload traffic declined, in contrast to a rise reported by US railroads overall. The railroad posted a YoY (year-over-year) carload traffic loss of 1.6%. It hauled ~96,000 carloads that week compared to 97,500 the previous year. Compared to US railroads’ (XLI) 2.5% YoY growth, UNP saw a negative carload traffic change in Week 25. Its carload volumes trended in the opposite direction of rival BNSF Railway’s (BRK.B) carload traffic change.
Durable goods orders, a key economic indicator, are the new orders placed with domestic manufacturers for delivery of high-value factory hard goods. The US Census Bureau conducts its “Manufacturers’ Shipments, Inventories, and Orders” survey and publishes the durable goods orders data. A total of 3,000 American manufacturers from 92 different industries are surveyed for this report.
As markets swing between gains and losses on daily tariff worries, Wolfe Research's Nigel Coe writes that investors have a balancing act to perform, especially when it comes to industrial stocks: If trade ...
Norfolk Southern’s (NSC) carload traffic jumped 3.2% YoY (year-over-year) in Week 24. The company hauled over 70,700 railcars, excluding intermodal traffic, in that week compared with ~68,600 railcars.
The outlook for General Electric Co.'s credit rating was revised to CreditWatch negative at S&P Global Ratings, as the company's plan to spin off GE Healthcare will improve credit metrics, but reduce diversity and cash flow. The negative outlook now matches the negative outlooks of the other major credit rating agencies, Moody's Investors Service and Fitch Ratings. "We plan to resolve the CreditWatch placement around the time the transaction closes, estimated to be in 12 to 18 months," S&P said.
General Electric Co. said Tuesday it expects to maintain its current dividend, until GE Healthcare is established as an independent entity following the planned spinoff. At that time, GE Healthcare will determine its dividend policy, to reflect industry practices, and GE expects to adjust its dividend with a target policy in line with its industrial peers. The stock, which as of Tuesday is no longer a Dow Jones Industrial Average component for the first time in 111 years, surged 4.3% in premarket trade.
Are U.S. stock-market investors pinning their hopes on a factor that may ultimately have a limited impact on price moves?
The United States Census Bureau publishes a monthly report that tracks the new orders for machinery, tools, and equipment for US industries. The United States Census Bureau releases this data through the M3 (Manufacturer’s Shipments, Inventories, and Orders) Survey. This survey reports the capital expenditures (or capex) by industries.
The ISM (Institute of Supply Management) publishes a monthly manufacturing (FIDU) report on changes to new orders, supplier deliveries, inventories, production, and employment. About 400 industries (XLI) are surveyed for inputs to construct this diffusion index. Eleven indexes used these survey results, and the ISM New Orders Index captures the changes in the level of new orders at the producer (RGI) level.
The monthly establishment survey conducted by the U.S. Bureau of Labor Statistics includes a report on the number of hours worked by manufacturing (FXR) sector workers. An increasing number of working hours in this sector is a positive sign for the economy. Increasing working hours in the manufacturing sector (IYJ) indicates that employers are anticipating higher demand, which is a strong signal for the economy.
The Conference Board Leading Economic Index (or LEI) is a monthly economic series that helps track any changes to the US business cycle. The Conference Board is an independent business membership and research institute that prepares these reports for different economies. In this series, we’ll analyze the changes to the LEI and assess whether the economic model is signaling any changes to the US business cycle.
The widening underperformance between the industrials sector and related industrial ETFs to the rest of the S&P 500 could signal further market troubles ahead. The Industrial Select Sector SPDR (NYSEArca: ...
(Note:The author of this fundamental analysis is a financial writer and portfolio manager.) Industrial stocks are having a tough 2018. The Industrial Select Sector SPDR ETF ( XLI) is drastically trailing the broader market, falling more than 3% this year, and it's still down nearly 9% off its highs.
The sector with some of the hottest stocks in the past decade, tech segments remain the fastest growing industries today. The “FAANG” contingent of Facebook Inc. (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL), Netflix, Inc. (NASDAQ: NFLX) and Google-parent Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) have resumed their upward climb after stumbling earlier in the year. Semiconductor plays like NVIDIA Corporation (NASDAQ: NVDA) and Advanced Micro Devices, Inc. (NASDAQ: AMD) have also been huge sources of strength.
In Week 23, Eastern US rail giant CSX’s (CSX) freight traffic rose slightly, by ~1% YoY (year-over-year). This year, the railroad is slowly getting back on track after weakness in 2017. In Week 23, CSX’s carload volumes grew YoY to ~69,400 units from ~68,700, less than competitor Norfolk Southern’s (NSC), which rose 2% YoY, and US railroads’ (XLI), which rose 2.8% YoY.
The Federal Reserve publishes capacity utilization data along with industrial production data every month. Capacity utilization in industries is a precise indicator of economic progress, as industries make changes to production planning depending on anticipated demand for their products. Capacity utilization, as the name suggests, is the percentage of capacity utilized of the total potential output.
The Federal Reserve released the May US industrial production report on June 15. The report indicated that industrial production fell 0.1% in May as compared to growth of 0.9% in April. Trends in industrial production can offer insight into upcoming changes in the business cycle.
Fears of tariffs and a potential global trade war have jostled U.S. stocks over the past few months, but there is a sense among investors that the market is taking the drum beat of rhetoric and statements more in stride. In the latest salvo, U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday, and Beijing threatened to respond in kind. The benchmark S&P 500 index (.SPX) ended down only 0.1 percent on Friday.