XLK - Technology Select Sector SPDR Fund
| Previous Close | 96.49 |
| Open | 98.42 |
| Bid | 96.55 x 1000 |
| Ask | 96.89 x 1400 |
| Day's Range | 96.31 - 98.49 |
| 52 Week Range | 68.10 - 102.94 |
| Volume | 12,913,953 |
| Avg. Volume | 22,391,616 |
| Net Assets | 27.23B |
| NAV | 96.53 |
| PE Ratio (TTM) | N/A |
| Yield | 1.31% |
| YTD Daily Total Return | 5.77% |
| Beta (5Y Monthly) | 1.02 |
| Expense Ratio (net) | 0.13% |
| Inception Date | 1998-12-16 |
- Yahoo Finance Video
Fed's Powell: U.S. economy faces ‘great uncertainty’
Invesco Chief Global Market Strategist Kristina Hooper joins Yahoo Finance’s Brian Cheung and Seana Smith to discuss Jerome Powell's remarks as the Fed chair notes the U.S. economy faces ‘great uncertainty.’
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Market Recap: Wednesday, May 20
Stocks rose Wednesday and the Dow advanced more than 300 points, or 1.2%, as hopes surrounding some states’ reopenings extended during the session. Yahoo Finance's Jen Rogers, Myles Udland, Rick Newman, and Andy Serwer discuss on The Final Round
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U.S. treasury holds first 20-yr bond auction since 1986
The U.S. Treasury is gearing up to auction a $3 trillion in debt to finance the growing federal budget deficit. Charles Schwab Chief Fixed Income Strategist Kathy Jones joins Yahoo Finance’s Seana Smith to discuss.
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Tom Hanks’ new WWII film to debut on Apple TV+
Yahoo Finance’s Dan Howley joins Yahoo Finance’s Seana Smith to break down how Tom Hanks’ upcoming World War II film is a big win for Apple's streaming service.
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Best & Worst Sector ETFs Of The Year
Sector returns range from as much as -34% to +5% for the year.
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Microsoft debuts supercomputer for creating human-like artificial intelligence
Microsoft on Tuesday announced that it has built one of the top five supercomputers in the world designed specifically for OpenAI. Yahoo Finance’s Dan Howley joins Seana Smith to discuss.
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We could still see a V-Shaped recovery: Expert
Head of Macro Strategy at Academy Securities Peter Tchir joins Yahoo Finance’s Seana Smith to break down his outlook on the markets as coronavirus cases surpass 1.5M in the U.S., according to John Hopkins.
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We anticipate a U-Shaped to Swoosh-Shaped recovery: Strategist
Wells Fargo Asset Management Multi-Asset Strategist Brian Jacobsen joins Yahoo Finance’s Seana Smith to discuss the market rally amid optimism over Moderna's coronavirus vaccine data.
Yahoo Finance VideoMarket Recap: Tuesday, May 12
The three major indices posted their largest one-day drop in seven sessions, with each falling at least 1.89%. The Nasdaq’s drop broke a six-session winning streak, which had been the index’s longest so far this year. The Final Round panel goes over the day's market action.
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'This is a liquidity driven market': Strategist
Kathryn Rooney Vera, Bulltick's Chief Global Markets Strategist, joined Yahoo Finance's Myles Udland, Jen Rogers, Dan Roberts, and Melody Hahm to discuss the state of the markets and her outlook for the U.S. economy amid COVID-19.
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I think a ‘square-root’ recovery is more likely than a V-shaped one: Expert
Director of Fiscal Policy at the American Action Forum Gordon Gray joins Yahoo Finance’s Seana Smith to break down the April jobs report and how some workers are making more on unemployment compared to their wages before the coronavirus pandemic.
- InvestorPlace
Wells Fargo Is the Ugliest Bank Stock on the Planet
The gap between the haves and have-nots is widening. And bank stocks like Wells Fargo (NYSE:WFC) find themselves on the losing side of the gulf. But the company's pain can be your gain if you know how to play it. Let's break down the relative weakness in financials and potential strategies for capitalizing on WFC stock.Source: Martina Badini / Shutterstock.com How well you've performed during the market recovery has depended in large part on the sector and size of your holdings. Technology has been killing it and financials have gotten killed. Relatively speaking that is.The same goes for market cap. Large-caps have soared while small-caps have soured. A simple way to measure the performance of one area versus another is with a chart overlay. Let's first look at the Technology SPDR (NYSEARCA:XLK), Financial SPDR (NYSEARCA:XLF) and the S&P 500.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Examining the Yucky Financials SectorWith this week's rally, the tech sector's year-to-date performance has returned to unchanged, which is utterly incredible given that we've the novel coronavirus pandemic and skyrocketing unemployment. By comparison, the S&P 500 is down 11.45%.But it's financials and bank stocks that have been left in the dust. For example, XLF fell as much as 43% and is still down 30% on the year. That doesn't bode well for trying to buy names like WFC stock.Source: The thinkorswim® platform from TD Ameritrade In situations like this, it's usually better to buy leading stocks in leading sectors than fishing for lagging stocks in lagging sectors. And, as we'll show next, WFC stock is undoubtedly one of the weakest holdings in its sector. * 10 Key Stocks to Watch Over the Next Few Months But that's also why it's so compelling as a bear candidate. Here is the same graphic but with Wells Fargo added on (pink line).Source: The thinkorswim® platform from TD Ameritrade Not only did it fall further than XLF, but it also continued plumbing the depths, hitting a new low just this week. And April was the market's best monthly gain since 1987. If WFC doesn't score any gains with that type of big-league buying going on in the background, then you know the Street hates it. A Closer Look At the WFC Stock ChartThe past two months have seen a great deal of chop since Wells Fargo found buyers at $25.11 on March 23. We've had an earnings announcement along the way that proved powerless to lift the stock out of its malaise. Thursday marked the sixth straight down day, with the past three accompanied by heavy volume that confirms institutions are pouncing on the stock. Tack on the fact that we're a whisker away from breaking March's lows, and the outlook is about as bad as it gets.Source: The thinkorswim® platform from TD Ameritrade What's particularly troublesome is that all of this deterioration is taking place while the broader market is holding firm. If this is how Wells Fargo behaves on a good week in the market, then it really makes you wonder how bad it could get if we see the overall market rollover.With WFC stock at a relatively cheap $25, I think bears have a variety of strategies at their disposal. If you don't mind the higher capital requirement and inherent unlimited risk, you could short shares with a stop over the 20-day moving average at $28. For a cheaper, higher-octane bet, you could buy puts. The Jun $27.50 puts at $3.00 offer a good bang for your buck. I'd probably use the same stop loss at $28.Finally, you could consider purchasing July put spreads. It's the cheapest wager of the three and offers a leveraged payout if WFC falls to $20 by expiration. The cost, and risk, is $1.45. The potential profit is $3.55.For a free trial to the best trading community on the planet and Tyler's current home, click here! As of this writing, Tyler didn't hold positions in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Wells Fargo Is the Ugliest Bank Stock on the Planet appeared first on InvestorPlace.
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'The market will take 2 years to return to where it was in Q1 2020': Expert
In April, the U.S. economy shed 20.5 million jobs, while unemployment spiked to 14.7%. Investors, however, are optimistic that the market will recover from this, eventually. Yahoo Finance's Alexis Christoforous and Brian Sozzi discuss with David Bailin, CIO at Citi Private Bank.
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Wells Fargo's Acting Chief Economist on what to expect from the April jobs report
Jay Bryson, Wells Fargo's Acting Chief Economist, joined Yahoo Finance's Jen Rogers, Myles Udland, Dan Roberts, and Melody Hahm to discuss what he's expecting out of the April jobs report on Friday.
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Stocks surge as more states move to reopen amid coronavirus
JP Morgan Private Bank Head of Cross-Asset Thematic Strategy Anastasia Amoroso joins Yahoo Finance’s Seana Smith to discuss the latest market action as more states move to reopen their economies in the wake of the coronavirus.
Yahoo Finance VideoMarket Recap: Monday, May 4
Stocks ended higher on Monday, with the Dow and S&P 500 eking out gains for the session thanks to a boost from big tech and energy. The advances helped offset earlier declines spurred as mounting concerns that companies would see lasting damage in the aftermath of the coronavirus pandemic spooked market participants.
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Why Warren Buffett thinks about baseball legend Ted Williams when he misses an opportunity
Even Warren Buffett may have some investing regrets. But just like in baseball, even the greatest hitters like Ted Williams strike out now and then.
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'We are approaching a period of a very precipitous drop in economic activity': Strategist
Jack Manley, Global Market Strategist at J.P. Morgan Asset Management, joined Yahoo Finance's Jen Rogers, Myles Udland, and Andy Serwer to discuss his outlook for the U.S.'s economic recovery following coronavirus.
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Facebook soars as strong earnings defy COVID-19 crisis
Facebook stock is jumping after the social media giant reported 'stability' in its ad revenue. D.A. Davidson Sr. Research Analyst Tom Forte joins Yahoo Finance’s Seana Smith to break down the quarterly results.
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Stocks drop as another 3.84 million Americans file for unemployment benefits
Weekly jobless claims climbed another 3.84 million on the heels of worse-than-anticipated first-quarter GDP data. Invesco Global Market Strategist Brian Levitt joins Yahoo Finance’s Seana Smith discuss.
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ARK Invest's Tasha Keeney on Tesla's Q1 earnings report
Tesla reported top-line growth in the first quarter over last year and an unexpected profit. Tasha Keeney, analyst at ARK Invest, joined Yahoo Finance's Jen Rogers, Myles Udland, Andy Serwer, Akiko Fujita, and Rick Newman to discuss.
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Market Recap: Wednesday, April 29
Stocks advanced Wednesday as investors considered positive updates from Gilead over the results of a trial of its coronavirus treatment candidate. The news eclipsed a dismal report on first-quarter gross domestic product, which showed the U.S. economy shrank on an annualized basis for the first time since 2014.
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'It will be a long walk until we get back to anything that's called normal': Torsten Slok
Torsten Slok, Deutsche Bank Securities Chief Economist, joined Yahoo Finance's Jen Rogers, Myles Udland, Dan Roberts, and Melody Hahm to discuss his outlook for the global economy and what the road to an economic recovery looks like.
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What to watch when Apple reports earnings on Thursday
With a slew of big tech companies reporting earnings the week of April 27, all eyes will be on Apple when it reports quarterly results on Thursday, April 30. A team of analysts at Credit Suisse led by Matthew Cabral cite some of the key items the firm will be focused on, including a decline in iPhone sales, an uptick in iPad trends and continued growth in its wearables business.
- Investopedia
Top Tech Stocks for May 2020
The technology sector is comprised of businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other industries related to information technology (IT).
