|Bid||76.21 x 2200|
|Ask||0.00 x 38800|
|Day's Range||75.77 - 76.35|
|52 Week Range||57.57 - 79.70|
|PE Ratio (TTM)||25.49|
|Beta (3Y Monthly)||1.14|
|Expense Ratio (net)||0.13%|
A new survey from the Business Roundtable finds that optimism among executives has dropped for the fifth quarter in a row. Yahoo Finance's Jessica Smith and Nationwide Chief Economist, David Berson, join Seana Smith to discuss how trade uncertainty is impacting CEO economic outlook.
President Trump defending his decision to threaten Mexico with tariffs, saying that's what got the deal done. Yahoo Finance's Seana Smith and former trade representative under George H. W. Bush, Carla Hills discuss.
Tech companies have deep balance sheets and could be able to withstand market volatility during investigations. Yahoo Finance's Julie Hyman, Adam Shapiro, Ethan Wolff-Mann, Sibile Marcellus and Matt Miskin, John Hancock Investments Market Strategist discuss.
Investors awaiting progress in the U.S.-China trade talks as Bloomberg reports China will stop buying soybeans from the United States. Meanwhile, Morgan Stanley CEO James Gorman says market segment is "fragile." Yahoo Finance's Seana Smith and Wealth Consulting Group CEO Jimmy Lee discuss.
Blackstone's Joseph Zidle says we're in a correction and there's more pain ahead. With CNBC's Brian Sullivan and the Fast Money traders, Pete Najarian, Tim Seymour, Steve Grasso and Guy Adami.
RDM Financial Group’s Ron Weiner joins Yahoo Finance's Adam Shapiro, Julie Hyman, and Deutsche Bank Securities Chief Economist Torsten Slok to discuss the latest progress with trade talks.
Hedge fund veteran Mark Yusko, Morgan Creek Capital, says we're already in a bear market. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Brian Kelly and Steve Grasso.
Wells Fargo's Scott Wren says traders should embrace the volatility. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Brian Kelly, Mark Tepper and Tim Seymour.
Quick, what’s the best performing sector in the S&P 500 so far in June? No, it isn’t the highflying information technology sector — that’s second best.
The ongoing trade war has been threatening American companies and their businesses in China, but e-commerce giant Amazon might actually be flourishing.
Big tech stocks jointly injected about $330 billion in market value together over the past five trading sessions, per Wall Street Journal. Which ETFs benefited the most?
Technology sector exchange traded funds are among the best performers in the recent rebound, with tech stocks posting their best five-day run in seven-and-a-half years, as monetary policy and Mexico trade helped support the risk-on attitude. The widely observed Technology Select Sector SPDR ETF (XLK) , which covers the technology and telecom sector of the S&P 500 Index, has increased 9.0% over the past week, reflecting its best performance since October 2011. The surge in the technology sector has been attributed to an end to threats of tariffs on Mexican-made goods imported to the U.S., along with growing optimism over an interest rate cut out of the Federal Reserve.
Shares of Ciena Corp. soared 14% in premarket trade Thursday, after the optical networking company reported fiscal second-quarter profit and revenue that rose well above expectations. Net income for the quarter to April 30 rose to $52.7 million, or 33 cents a share, from $13.9 million, or 9 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS grew to 48 cents from 23 cents, above the FactSet consensus of 41 cents. Revenue grew 18.5% to $865.0 million, beating the FactSet consensus of $819.0 million, as 17.8% growth in networking platforms revenue to $697.0 million topped expectations of $653.7 million. Gross margin improved to 43.3% from 40.2%. The stock has gained 5.8% year to date through Wednesday, while the SPDR Technology Select Sector ETF has run up 19% and the S&P 500 has advanced 13%.
Shares of Apple Inc. rallied 2.5% in morning trade Wednesday, to extend the previous session's big bounce off a 3-month low as growing hopes for an interest rate cut by the Federal Reserve helped spark a broader stock market rally. The technology giant's stock was the biggest gainer among Dow Jones Industrial Average components. After running up 3.7% on Tuesday, Apple's stock is on track for the biggest two-day gain--6.2%--since it surged 7.6% in the two days ending Jan. 31, which came on the heels of first-quarter results. The rally comes after the SPDR Technology Select Sector ETF has climbed 4.7% in two days and the Dow has rallied 652 points, or 2.6%.
The quiet period following Uber’s (UBER) IPO is finally over, and Wall Street analysts are bulled up on the stock, according to the coverage being released Tuesday.
The tech space has been through a rough patch in the past month due to escalating U.S.-China trade tensions and likely antitrust probes. But these top-ranked stocks braved this turmoil.
Stock-market weakness in May has been attributed to fears over global growth and rising U.S.-China trade tensions, concerns that have helped to push trade-sensitive sectors like information technology, industrials and materials into a severe pullback. Helping boost info tech shares has been the semiconductor industry, seen as a highly cyclical sector that is very sensitive to concerns over the proliferation of new trade barriers (see FactSet chart below with the S&P 500’s return in red, industrials in yellow, technology shares in green and materials in purple).
Though there has been a bloodbath in the tech space in May due to escalating trade tensions, some ETFs stood out on their inherent strength and more solid investment objectives.
The technology sector has been one of the strongest performing segments of the market for much of the past decade. As you may know, the consolidation of influence among some of the biggest names has led to one of the longest upward trends ever recorded. In this article, we take a look at some key charts from across the technology sector and attempt to pick a couple that are trading near influential levels of support and that could be good candidates for a move higher over the coming months.
Under ordinary circumstances, most people would likely have a bullish view on Cisco Systems (NASDAQ:CSCO). In its prior life, Cisco stock represented the distortion of unbridled enthusiasm during the tech bubble and subsequent crash. But with key divestments and a laser-focus on relevant technologies, CSCO has transitioned into a reliable dividend-paying entity.Source: Prayitno via Flickr (Modified)There's just one problem: the U.S.-China trade war. Just a month ago, political experts and economic analysts largely expected that the Trump administration would work out a deal with its Chinese counterpart. Both parties made their points, but both also incurred damage in the tariff tit-for-tat.Suddenly, though, President Trump did an about-face, accusing China of dirty trade tactics. Ominously, Chinese President Xi Jinping warned of a "Long March" referencing China's civil war during the 1930s. Obviously, this harsh sentiment bodes poorly for most investments, including CSCO stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Stocks to Buy for Anxious Investors Diplomacy requires a delicate touch. Since neither side will completely win this zero-sum game, compromise is necessary. Where it gets worrisome for Cisco stock and many other technology-based names is that Trump lacks basic decorum. Having insulted the Chinese, the U.S. should not expect a friendly response, nor a quick resolution.Specifically for CSCO stock, the underlying company must hope that things don't get worse from here. Although Asia-Pacific Japan China (APJC) accounted for less than 16% of total revenue for Cisco in fiscal 2018, it's a viable growth channel that management can't overlook.Still, Cisco stock offers a distinctly bullish play here, but with some caveats. The Cautious Bull Case for Cisco StockFor starters, let's quickly talk about the dividend. At its current 2.5% yield, Cisco stock doesn't offer the most generous payout. However, it is one of the most reliable, especially compared to its tech peers.Based on what we're seeing in the geopolitical realm, that reliable dividend may act as a buffer in case of a downturn. Typically, volatility disproportionately impacts equities that are pure growth names as opposed to income generators.Second, Cisco's management team smartly anticipated at least some of this trade war's fallout. The tech firm reduced its manufacturing exposure in China, just in case tensions escalated.This isn't just the usual corporate fluff piece. Compared to many names in the broader tech industry, CSCO stock has stayed relatively calm. Year-to-date, shares are up almost 30%. That compares favorably to the sector benchmark Technology Select Sector SPDR Fund (NYSEARCA:XLK), which is up 18% YTD.As Cisco chairman and CEO Chuck Robbins stated, the current China situation is "relatively immaterial." It's also baked into the guidance.Third and most importantly, Cisco is levered toward the industries and technologies of tomorrow. As I've noted in prior write-ups about Verizon (NYSE:VZ) and AT&T (NYSE:T), we're locked in a digital battle for dominance.Without question, the U.S. won the 20th century, excelling in manufacturing and other analog technologies. We also dominated the infancy stage of the digitalization of everything movement.However, other countries desperately want to control the 21st century and beyond. Thus, investments like CSCO stock take on greater importance than they would have in prior generations.What I'm trying to get at is that Cisco stock is too big to fail. It's among companies which the federal government considers vital for national security and prosperity. Wait for the OpportunityDespite multiple reasons to bet on Cisco stock, I wouldn't do it at this very moment. Fundamentally, I'm confident that the underlying organization can weather this storm. But right now, the markets are not moving on the fundamentals, but rather emotions.As such, you've got to respect the tape. I don't like the pensive trading following its recent better-than-expecting earnings report. Clearly, a resistance level exists at the $57 mark. With all the ugly noise surrounding this and other tech names, I anticipate turbulence. It won't surprise me to see CSCO stock drop below $50. * 7 Utility Stocks to Trust for Retirement If that happens, I might jump on board. Most companies do their thing for themselves. But with large-scale tech firms like CSCO, their growth and operations have more significant meaning. During this cloudy season, Cisco offers the luxury of clarity.As of this writing, Josh Enomoto is long AT&T. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post Cisco Stock Has the Defenses to Survive the Trade War appeared first on InvestorPlace.
Below is a look at ETFs that currently offer attractive buying opportunities. The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading below its five-day moving average, thereby offering a near-term 'buy on the dip' opportunity, given the longer-term uptrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
There are some ETFs that are clearly investor and trader's favorites. When it comes to tech ETFs, the Technology Select Sector SPDR Fund (NYSEARCA:XLK) is the runaway leader. The XLK covers all the major tech stocks in the S&P 500 and includes plenty of top hardware, software, semiconductors and services muscle. Add in its low expense ratio as well as its nearly 4 million shares per day trading volume and it's easy to see why investors have put more than $20 billion in the ETF.However, as awesome as the XLK is as a core tech fund, it isn't the only fish in the sea. There are plenty of other tech ETFs out there.And in many cases, these specialized ETFs may offer something better than the popular XLK. Investors just gravitating to the XLK may actually be doing themselves a disservice. Thinking outside the box could lead to better returns.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for Over 20% Upside Potential But what other tech ETFs are worthy of your time? Here are five that could give the popular XLK a run for its money. Invesco S&P SmallCap Information Technology ETF (PSCT)Source: Shutterstock Perhaps one of the biggest hits against the XLK is that it's full of the big boys -- the Microsofts (NASDAQ:MSFT), the Alphabets (NASDAQ:GOOG), etc. There's nothing wrong with these stocks, it's just many of the current and future leaders in tech are actually much smaller. And in this case, if you're looking for pure growth, then small-cap tech stocks should be where you focus your attention.And that's why the Invesco S&P SmallCap Information Technology ETF (NYSEARCA:PSCT) should be on your list.PSCT is just like the XLK, only this time it tracks all the tech stocks in the small-cap focused S&P 600. This currently includes 88 different stocks. Top holdings include networking equipment maker Viavi Solutions (NASDAQ:VIAV) and cloud computing communications firm 8×8 Inc (NASDAQ:EGHT). The makeup of the ETF a bit different as well -- with electronic components and semiconductors making up the top sector weightings.That makeup and focus on smaller tech stocks haven't hurt the ETF on the performance front. PSCT has managed to post an average annual return of 15.45% over the last five years. That beats the broader S&P 600 and comes close to the XLK's performance.All in all, with more than $300 million in assets and a low 0.29% -- or $29 per $10,000 invested -- expense ratio, the PSCT is one of the best tech ETFs outside the XLK. ARK Innovation ETF (ARKK)Source: Shutterstock Active management works and can beat indexing when a) fund managers keep their funds small and b) when they take concentrated bets in only a handful of stocks. And that's just what Catherine Wood and her team do at the ARK Innovation ETF (NYSEArca:ARKK).ARK looks for stocks conducting so-called "disruptive innovation". Basically, any new technology that potentially changes the way the world works. The firm focuses its attention on four core areas -- the genomic revolution, industrial innovation, the next generation internet and fintech innovation. From here, Wood will select the best ideas and run a pretty concentrated portfolio usually just 35 to 55 stocks. And she tends to sticks to her guns. For example, Wood has been buying tons of Tesla (NASDAQ:TSLA) during its latest meltdown.Say what you will about Wood and her views on TSLA. But the concentrated strategy has worked for ARKK. Over the last 3 years, ARKK has managed to post a whopping 36.70% average annual return. That smashes the XLK over that time by a wide margin. * 5 Data Center REITs to Buy That Deliver Sizable Income Perhaps the only downfall for ARKK is that its rather expensive at 0.75% in annual costs. However, if Wood can keep up the gains, that's a small price to pay to own one of the best performing tech ETFs out there. iShares Exponential Technologies ETF (XT)Source: Shutterstock If you like the idea of innovation and transformative tech, but don't think an active manager can make the right calls, then the iShares Exponential Technologies ETF (NYSEArca:XT). XT uses an index approach to get the job done.XT tracks the Morningstar Exponential Technologies Index. Exponential technologies are defined as advances which "displace older technologies, create new markets and have the potential to create significant positive economic benefits." This includes everything from 3-D printing and robotics to genomics/personalized medicine and data mining.The beauty is that XT doesn't just track strictly tech stocks like the XLK. It looks at all sectors to find these disruptors. There's plenty of industrials, healthcare and even real estate firms in the ETF. The fund currently 200 different global stocks -- with top holdings including ServiceNow (NYSE:NOW), Align (NASDAQ:ALGN) and First Solar (NASAQ:FSLR).Performance wise, XT has been great. Through the end of April, the ETF has managed to produce an 18.70% annual return over the last three years. That's not too shabby. Even better is that XT has been less volatile than some other tech ETFs including the XLK. This is due to it not focusing purely on tech.Either way, with expenses clocking at 0.47%, XT makes a great choice for those investors looking to add some tech ETFs to their portfolios. First Trust ISE Cloud Computing Index Fund (SKYY)Source: Shutterstock Perhaps one of the biggest and most immediate advances in the tech sector has to be cloud computing. Every time you've used an app on your phone or accessed a data center at work, you've used the power of the cloud. More and more, our information and programs are being stored off-site. Software as a Service (SaaS) has become big business. That's why the First Trust ISE Cloud Computing Index Fund (NYSEARCA:SKYY) could be one of the best tech ETFs to buy.SKYY tracks the ISE Cloud Computing Index. The underlying index looks for firms that provide network hardware/software, storage, cloud computing services or those firms that deliver goods and services that utilize cloud computing technology. Preference is placed on those stocks that are pure cloud computing plays with tech conglomerates or those firms only derive a portion of their revenues from the cloud receiving a smaller weighting.The ETF is fairly concentrated at just 28 holdings. Top stocks include Salesforce.com (NYSE:CRM), SAP (NYSE:SAP) and VMware (NYSE:VMW).That explosive nature of cloud computing has helped propel SKYY one of the best performing tech ETFs around. Over the last three years, the fund has produced a 28% annual return. That's more than double the S&P 500. * 5 ETFs to Buy for the Future of Technology Expenses for SKYY clock in at just 0.60%. The KraneShares CSI China Internet ETF (KWEB)Source: Shutterstock Silicon Valley isn't the only place where tech innovation is happening. In fact, China has just as many global tech stock giants as the U.S. In looking for alternative ETFs to the XLK, heading to the Dragon Economy could be a smart bet and the KraneShares CSI China Internet ETF (NYSEArca:KWEB) could be the way to access the opportunity.KWEB tracks an index of China-based companies whose primary business are in internet-related sectors. The ETFs holdings read like a who's who of internet retailers, social media, gaming, travel and commerce sites in the nation. This includes giants like Alibaba (NYSE:BABA), NetEase (NASDAQ:NTES) and JD.com (NYSE:JD). With the ETF, you're basically getting the Facebook's (NYSE:FB) and Amazon's (NASDAQ:AMZN) of China.Given the sheer size of China's population and the growth of the internet in the nation, KWEB could be a solid long term bet for investors looking to expand their tech holdings. However, don't expect a smooth ride. The fund has been pretty volatile -- especially these days as the trade war has persisted. But the longer term looks rosy for China and its growth.With nearly $1.8 billion in assets and a 0.70% expense ratio, KWEB is the prime way to get a piece of the action.Disclosure: At the time of writing Aaron Levitt was long AMZN and XT. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post 5 Great Tech ETFs That Aren't the XLK appeared first on InvestorPlace.