66.15 +0.18 (0.27%)
After hours: 5:46PM EDT
|Bid||65.98 x 3700|
|Ask||66.12 x 1400|
|Day's Range||65.66 - 66.65|
|52 Week Range||53.63 - 71.34|
|PE Ratio (TTM)||22.09|
|Expense Ratio (net)||0.14%|
U.S. stocks fell on Thursday, with the Nasdaq dropping to its low of the session as large-capitalization technology stocks weighed on the index. The Nasdaq fell 1%. While the day's losses were broad, selling ...
Thanks a lot, Big Blue. IBM drags on the Dow while the S&P and Nasdaq maintain gains as earnings season rolls on. Plus, a market warning sign is flashing red for the first time since 2007. And, Roku gets slammed as Amazon and Best Buy team up, but is the sell off overdone for the streaming device maker? Plus, ‘metal fatigue’ is blamed for yesterday’s Southwest mid-air accident. Are GE and Boeing set for blame? Catch The Final Round at 3:55 ET p.m., with Jen Rogers and Yahoo Finance markets correspondent Myles Udland and editor-in-chief Andy Serwer.
The Technology Select Sector SPDR Fund (NYSEArca: XLK), the largest tech-related ETF, is up more than 5% over the past week and technology remains one of the best-performing sectors this year, but data ...
Tom Vandeventer, portfolio manager of the Tocqueville Opportunity Fund (TOPPX), which is up nearly 10% so far this year, thinks that trend will continue. Tech and biotech are two major themes running through the fund’s portfolio, which Vandeventer told Barron’s is indicative of the fact that “there are a lot of disruptive technologies that are coming to fruition” in both sectors. The fund focuses more on small- and mid-cap stocks, meaning that M&A is a theme throughout his holdings, in both tech and biotech, bolstered by industry trends (the move to the cloud, the rise of gene-editing therapies, respectively), as well the fact that larger players are flush with cash—thanks to lower corporate taxes and repatriated capital—to facilitate acquisitions.
Golub highlights the company’s low multiples, which follow on the heels of its underperformance in recent years, while also noting that each of the major subgroups has “delivered superior earnings growth since mid-2016.” He believes that higher oil prices and strong global economic growth will support profit and sales growth over the next year. The Technology Select Sector SPDR ETF (XLK) is up 2% to $68.14 this afternoon, while the Energy Select Sector SPDR ETF (XLE) is up 0.6% to $72.57.
Despite broader market and geopolitical concerns, Intel Corporation (NASDAQ:INTC) handled itself surprisingly well. Year-to-date, Intel stock is up 10%, which ordinarily may not generate much excitement. More importantly, Intel stock is handily beating the overall technology industry.
Berkshire Hathaway’s (BRK.B) investment portfolio grew to $191 billion in 4Q17 on an increase in its stakes in existing companies and a rise in the valuations of its holdings. In 1Q18, the company is expected to see its investment portfolio valuation fall, as major holdings have seen erosion in the range of 3%–22%. Berkshire could also look to add stakes at their current valuations, as lower prices are offering better valuations.
For the week ending April 13, 2018, the S&P 500 Index closed at 2,656.30 and appreciated 2% due to the surge in energy stocks and lower trade war tension. The weak performers in the S&P 500 Index last week were the utilities, real estate, and telecom services. Large speculators of the S&P 500 Index, including hedge funds, trimmed their net bullish positions last week.
Several major tech ETFs have dipped over the past month, elevating investors’ jitters toward these once hot funds. That includes the The PowerShares QQQ (NasdaqGM: QQQ), which tracks the tech-heavy Nasdaq-100 ...
President Trump’s back and forth on the Trans-Pacific Partnership deal is raising new questions over whether the U.S. might try to get back in. Yahoo Finance’s Alexis Christoforous and Rick Newman answer your questions.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Yahoo Finance's Seana Smith on US stocks losing ground, Apple and Nvidia shares under pressure after chip partner issues weak guidance, Qualcomm slides on layoffs and Amazon shares jump after CEO Jeff Bezos announces Prime has more than 100 million members.
Bernstein analyst Toni Sacconaghi on whether IBM's upward trend can continue and will it be enough to pull the stock out of the dumps.
Yahoo Finance's Jared Blikre joins Seana Smith from the New York Stock Exchange to discuss the latest market moves after JPMorgan Chase, Citigroup and Wells Fargo reported quarterly earnings before the bell.
Deven Parekh, Insight Venture Partners managing director, weighs in on Mark Zuckerberg's testimony to Congress, regulations, privacy rules and whether Facebook could eventually change its business model.