|Bid||63.65 x 900|
|Ask||63.95 x 4000|
|Day's Range||64.59 - 65.48|
|52 Week Range||57.57 - 76.27|
|PE Ratio (TTM)||21.89|
|Beta (3Y Monthly)||1.03|
|Expense Ratio (net)||0.13%|
Tony Dwyer, Canaccord Genuity, says new highs are coming this year. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
A biotech breakout. The Apple effect. And do ETFs really cause volatility? With CNBC's Bob Pisani, Dave Nadig, ETF.com and Doug Yones, New York Stock Exchange.
Todd Gordon, TradingAnalysis.com on whether tech's turning a corner? Three tech stocks to buy. With CNBC's Bob Pisani and Brian Sullivan, and the Fast Money traders, Pete Najarian, Chris Harvey, Gene Munster and Brian Kelly.
Jonathan Golub, Credit Suisse, slashes his 2019 target. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Brian Kelly, Steve Grasso and Guy Adami.
Will Azure Help Microsoft Consolidate Its Hybrid Cloud Position?Azure, the central theme to hybrid cloud strategyRecently, Microsoft (MSFT) explained how the hybrid cloud, AI, and IoT (Internet of Things) are interconnected, complementing each
Demand for Apple's iPhones is falling but the service segment is gaining attention. Does it call for an entry point to Apple ETFs over the medium term?
Powell, Jobs, Trade Talk News Helped Markets Jump on January 4 ## Stock market soared After a massive sell-off on January 3, the major US indexes made a sharp recovery last Friday on several pieces of good news, thereby helping the market to end the first week of 2019 on a positive note finally. The Dow Jones, the S&P 500, and the NASDAQ Composite gained 3.3%, 3.4%, and 4.3%, respectively, on January 4. The indexes ended the first three trading days of the year with returns of 0.5%, 1%, and 1.6%, respectively. All 30 Dow Jones components recorded a sharp upswing on January 4. With an increase of 6.1%, Intel (INTC) stock was the biggest gainer among the Dow 30 components last Friday, followed by Caterpillar’s (CAT) and Boeing’s (BA) intraday gains of 5.5% and 5.2%, respectively. Apple (AAPL) also bounced back with a 4.3% rise last Friday. The stock had plunged nearly 10% the day before after warning about a possible quarterly sales target miss due to trade tensions between the US and China. Apple’s sales target miss forecast and weak US factory activity data had triggered a massive broader market sell-off on January 3, sending all the three major US indexes down by over 2.5%. The Technology Select Sector SPDR Fund (XLK) invests 16.8% of its funds in Apple. ## Factors driving Friday’s rally Last Friday’s stock market rally was a result of a trifecta of good news: a strong US job report, encouraging remarks on the interest rate policy from Fed Chair Jerome Powell, and progress with the US-China trade talks. The first positive news came in the form of the December 2018 job report published by the US Bureau of Labor Statistics, which says the domestic economy created a significantly higher-than-expected job report last month. According to the data, non-farm payrolls surged by 312,000 in December and surpassed economists’ consensus estimates of 176,000 polled by the Dow Jones. Additionally, monthly wages increased 3.2% from the year-ago quarter and 0.4% from the previous quarter. The latest data from the Bureau of Labor discarded concerns of a slowdown in the US economy. Later in the day, Powell at the American Economic Association event hinted that the central bank is ready to shift its stance on monetary policy and is flexible in deciding the timing of interest rate hikes. At the end of December, Powell had suggested raising interest rates three times in 2019. However, last Friday’s remarks pointed to a more liberal monetary policy from the Fed, and analysts and investors are expecting fewer or no hikes this year. Additionally, news of trade talks between the US and China, which are slated to begin today, also made investors think that the two largest economies may resolve their trade dispute this time.
The Dow Jones Industrial Average rallied over 600 points as job growth surged to 312,000 during the month of December, handily beating economists' expectations of 176,000 nonfarm payrolls added. "The far bigger than expected 312,000 jump in non-farm payrolls in December would seem to make a mockery of market fears of an impending recession," said Paul Ashworth, chief U.S. economist at Capital Economics.
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 Dow Jones Industrial Average fell over 600 points on Thursday as shares of iPhone maker Apple declined 9 percent in the early trading session. "While it's likely a combination of both macro and micro, the contribution of the former means that maneuvering through the upcoming earnings season will be like swimming in shark invested waters," said Peter Boockvar, chief investment officer at Bleakley Advisory Group, about what prompted Apple's guidance cut. Shares of Apple fell over 7 percent on Wednesday after trading was halted prior to the announcement. In a letter to investors, Apple CEO Tim Cook cited lower-than-expected iPhone revenue and China's weakening economy as major headwinds for the tech giant.
Two exchange-traded funds (ETFs) with the largest capital Apple allocations-- Technology Select Sector SPDR ETF (XLK) and Vanguard Information Technology ETF (VGT) fell in after hours trading following a weak Q1 guidance from the iPhone maker. Shares of Apple fell over 7 percent after trading was halted prior to the announcement. In a letter to investors, Apple CEO Tim Cook cited lower-than-expected iPhone revenue and China's weakening economy as major headwinds for the tech giant. Apple lowered its Q1 revenue guidance to $84 billion--down from the previous projection of $89 to $93 billion.
Apple stock (AAPL) is about to end one of its worst quarters. On a QTD basis, Apple’s peers Microsoft (MSFT) and Amazon (AMZN) have seen 11.5% and 27.0% value erosion, respectively. Today, Apple investors got a reason to celebrate as D.A. Davidson expressed its optimism about Apple’s recent plan to assemble high-end iPhones in India.
The S&P 500 ETF (SPY) is down 6% this year, while the Invesco QQQ Trust, Series 1 ETF (QQQ) and the Technology Select Sector SPDR ETF (XLK) have generated returns of -1.3% and -3.1%, respectively. Shares of Windstream Holdings (WIN) rose 11% to close at $2.12. Windstream stock has generated a return of -77% since the start of 2018.
Despite a rough fourth quarter, 2018 was a robust year for U.S. IPOs, with deal numbers and proceeds rising 19 percent and 32 percent, respectively, to 190 and $47 billion, according to IPO investment ...
Semiconductors have benefited immensely in 2018 on the back of rapid proliferation of Internet and growing influence of digitalization. Apart from AMD, there are few other semiconductor stocks that have the potential to outperform in 2019.
Technology stocks and the corresponding exchange traded funds, including the Technology Select Sector SPDR Fund (NYSEArca: XLK), were market leaders on the upside. That trend sharply reversed as technology ...
Despite a “significant downtick” in overall technology spending sentiment, corporate plans for cloud computing spending are up, Goldman said.
You’ll find them in the Financial Select Sector SPDR Fund (NYSEARCA:XLF). It’s Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B), which represents over 13% of assets. The best-known Berkshire insurance holding is Geico, which serves consumers, but they’re also heavily involved in business reinsurance, commercial property insurance and worker’s compensation.
Apple (AAPL) has been facing troubles in the fourth quarter due to factors ranging from reports of weakening new iPhone sales to fears about tariffs on its Chinese imports into the US. The company’s stock is approaching its six-month low again. Today around 10:30 AM EST, the stock posted a day low of $166.11, down 2.8% from its previous day’s closing price. This level was not far away from Apple’s six-month low of $163.33 posted on Monday this week.