|Bid||65.48 x 2200|
|Ask||65.49 x 900|
|Day's Range||65.05 - 65.76|
|52 Week Range||60.97 - 76.27|
|PE Ratio (TTM)||21.83|
|Beta (3Y Monthly)||0.99|
|Expense Ratio (net)||0.13%|
The US-China trade war, primarily triggered by President Donald Trump imposing tariffs on Chinese imports, started getting ugly in the last few months. Investors watched President Trump and President Jinping’s meeting in Argentina earlier in December.
Apple (AAPL) is continuing to lose investors’ confidence in the fourth quarter. Apple stock has already fallen 24.3% sequentially as of December 13. Apple investors (XLK) are concerned about weak new iPhone sales and tariffs in the fourth quarter. On December 14 at 10:10 AM EST, Apple stock fell 2.2% from the previous session’s closing price.
Given the recovering sentiments and a bullish holiday outlook, the tech sector appears as a compelling last-minute investment. As such, we have highlighted a few beaten-down tech ETFs that could see surge this Christmas.
As reported by Bloomberg, Citigroup economists think that the damage to the Chinese economy is already done. In the 2019 economic outlook report, Citigroup economists, led by Liu Li-Gang, gave several reasons for the argument. The economists estimate that the ongoing trade war could cut China’s export growth by almost half in 2019, which would put ~4.4 million jobs at risk.
BlackBerry (BB) has also been affected with its stock slipping by a significant 31% since October. BlackBerry’s upcoming earnings will thus be critical, as any deviation from the average estimates could result in a further price correction. Analysts expect BlackBerry to post revenues of $214.38 million in the third quarter of fiscal 2019 (year ending in February), an 8.8% fall year-over-year compared to $235 million in the third quarter of fiscal 2018.
The tech sector saw another day of market correction on December 7. The Technology Select Sector SPDR ETF (XLK) fell 3.5%, while the VanEck Vectors Semiconductor ETF (SMH) fell 3.8% on the day.
The retail and technology sectors flashed bearish “death cross” chart patterns Friday, joining a host of other sectors and broad-market indexes, to suggest the recent run of volatility could last a while longer.
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.
The S&P 500 was little changed, down 0.02%, or less than 1 point, as of market close. The materials and financials sectors led declines, while the utilities sector outperformed. The Dow rose 0.28%, or 70.11 points, while the Nasdaq fell 0.39%, or 27.98 points.
Stocks fell dramatically Monday morning only to claw their way back. Yahoo Finance's Adam Shapiro, Seana Smith and Andy Serwer talk to Jimmy Lee, CEO of Wealth Consulting Group.
Yahoo Finance's Adam Shapiro, Julie Hyman, and Brendan Greeley, FT Alphaville editor, speak with Troy Gayeski, SkyBridge senior portfolio manager about todays jobs report.