Previous Close | 1.6200 |
Open | 1.6200 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 85.00 |
Expire Date | 2020-03-20 |
Day's Range | 1.6200 - 1.6200 |
Contract Range | N/A |
Volume | 1 |
Open Interest | N/A |
General Electric Co. said Friday it will pay a quarterly dividend of a penny a share, which means the industrial conglomerate will be keeping it at that lowered rate for over a year. The dividend will be payable Jan. 27 to shareholders of record on Dec. 23. GE's stock was up 2.0% in afternoon trading. At current prices, the stock's dividend yield is 0.36%, compared with the yield for the SPDR Industrial Select Sector ETF of 1.94% and the implied yield for the S&P 500 of 1.89%, according to FactSet. GE had slashed its dividend to a penny per share from 12 cents last year in an effort to preserve cash. That first 1-cent dividend was paid out on Jan. 25, 2019 to shareholders of record Dec. 20, 2018. GE's stock has run up 55.8% over the past 12 months, while the industrial ETF has gained 16.1% and the S&P 500 has advanced 16.8%.
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Shares of General Electric Co. rallied 1.7% in afternoon trading, putting them on track for the highest close since Oct. 24, 2018. The industrial conglomerate's stock has now run up 27.8% since it reported better-than-expected third-quarter earnings before the Oct. 30 open. The stock is now the best performer of the 69 equity components of the SPDR Industrial Select Sector ETF over the past month, with a 31.6% gain, and over the past three months, with a 41.9% rise. The ETF has gained 8.6% the past three months, while the Dow Jones Industrial Average has advanced 6.1%.
Despite Cummins Inc.'s increasing focus on battery and fuel cell technologies, the engine maker's Chief Operating Officer Tony Satterthwaite said he believes "diesel will be the primary source of energy in commercial vehicles for many years to come." He said the company's investments in improving fuel economy and to lower emissions will continue. At its analyst gathering, Cummins also said it was launching a new Power business, which will include its existing electrification business as well as fuel cell and hydrogen production technologies. Separately, Raymond James analyst Felix Boeschen started coverage of Cummins with a market perform rating, saying despite his view that Cummins is "uniquely positioned" to capitalize on stricter global emission standards, he acknowledges the risks stemming from rising original equipment manufacturers' vertical integration and alternative powertrains. Regarding diesel: "[W]hile we believe electrification is really a question of 'when' not 'if' in some applications (frequent stop and starts), we surmise widespread adoption of [electric vehicles] in the long-haul truck market is likely decades (or further) away," Boeschen wrote in a research note. Cummins' stock, which rose 0.4% in morning trading, has run up 23% over the past three months, while the SPDR Industrial Select Sector ETF has gained 8.3% and the S&P 500 has tacked on 6.1%.
As stocks are soaring, the wealth effect should be realized by investors. These cyclical sector ETFs and stocks appear as good picks in this scenario.
U.S. industrial output declines again in October making some ETFs grab our attention.
Exchange traded funds dedicated to water-related investments may be some of the earliest examples of thematic ETFs , but due to lack of disruptive technology, or anything resembling “high tech,” water ...
Shares of Rockwell Automation Corp. soared 12% toward a 22-mnoth high in afternoon trading Tuesday, putting them on track for the biggest one-day gain in over 10 years, after the industrial automation and information services company reported better-than-expected fiscal fourth-quarter earnings and provided an upbeat outlook. The upbeat outlook comes in the face of what Chief Executive Blake Moret said on the post-earnings conference call with analysts was uncertainty created by global trade tensions and a deceleration in industrial production. Chief Financial Officer Patrick Goris said on the call that the company was able to "neutralize" the impact of tariffs through supply chain actions, including negotiations with vendors and targeted price increases. The stock was headed for the biggest one-day gain since it rose 13.7% on April 8, 2009, and was on track for the highest close since Jan. 26, 2018. It has run up 33.3% year to date, while the SPDR Industrial Select Sector ETF has surged 27.4% and the S&P 500 has gained 23.5%.
Sector ETF report for RGI
These industrial ETFs have been on a tear despite manufacturing slowdown.
November has been among the best months for markets over the past decade. All the three major indices have traded positively 80% of the time in November since 2009.
Announcement of phase-one trade deal, Fed rate cut, moderate earnings, marijuana crash and Brexit extension regulated the ETF world in October.
2 of the guru’s new positions are in ETFs Continue reading...
The Industrial Select Sector SPDR (XLI) , the largest industrial exchange traded fund by assets, is higher by about 20% year-to-date and while that gain is nothing to scoff at, some market observers believe industrial stocks can snap out of recent funks and be resurgent by the middle of 2020.
The Zacks Analyst Blog Highlights: SOXX, XLK, XLI, RTH and MGK
President Donald Trump announced a partial trade deal with China that would benefit these ETFs.
The fourth quarter of the year has been blissful for the stock market historically. Amid this kind of trend, these ETFs should gain this year.
The latest ISM report on U.S. manufacturing shows weakness in the sector.
Here we analyze the impact of the latest reading of U.S. manufacturing PMI on some industrial ETFs.
Geopolitical tensions continue to weigh on investors as events like the September 14th attack on Saudi Arabia’s oil production test overall sentiment. Brandon Pizzurro, GuideStone Capital Management Portfolio Manager, joins Yahoo Finance's On The Move to discuss.