|Bid||0.00 x 900|
|Ask||0.00 x 21500|
|Day's Range||59.79 - 60.45|
|52 Week Range||48.33 - 61.02|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.66|
|Expense Ratio (net)||0.13%|
Fed chair Jay Powell testified before congress, fueling optimism that the central bank will cut rates later this month. Yahoo Finance's Seana Smith and Brian Cheung, Wells Fargo Global Economist Jay Bryson, and Chair of Monetary Policy at the Mercatus Center Scott Sumner discuss.
224,000 jobs were added last month, smashing economists' estimates of 160,000. This coming as President Trump doubled down on his views for the Federal Reserve to slash interest rates. Deutsche Bank Securities Chief Economist Torsten Sløk joins Yahoo Finance's Seana Smith.
Investors watching this week's G-20 summit closely, as President Trump is expected to meet with President Xi to smooth things on the trade front. UBS predicting the global growth to drop by as much as 75 basis points should those talks fail. Wilmington Trust CIO Tony Roth joins Yahoo Finance's Seana Smith.
Investors looking to hedge against, or make money from, the ongoing U.S.-China trade war can pick from a range of exchange-traded funds. Here are some suggestions from two ETF industry veterans.
August saw an awful start with global markets in the red mainly due to renewed trade tensions. Such market and ETF activities could rule the market in August.
The stock market took a gut punch recently as a number of on-again, off-again headwinds started to blow at the same time. Investors quickly turned tail, seeking out more protective positions. Unsurprisingly, this trend led to an influx of inflows into some of the best defensive exchange-traded funds (ETFs).The Federal Reserve knocked Wall Street off-balance with a recent quarter-point drop in its benchmark Fed funds rate. Yes, it was the first such cut since the Great Recession. But some investors were hoping for a deeper reduction, and Fed Chairman Jerome Powell's subsequent press conference kept experts guessing about whether future rate cuts were any more or less likely.The U.S.-China trade war escalated next. At the start of August, President Donald Trump threatened to slap a 10% tariff on another $300 billion in Chinese imports effective Sept. 1, prompting Beijing to threaten retaliation. So far, China has announced it will suspend imports of U.S. agricultural products and let its currency, the yuan, tumble to an 11-year-low. The latter move is expected to agitate Trump, who has accused Beijing of currency manipulation in the past.Standard & Poor's 500-stock index dropped quickly, losing almost 4% between the July 30 close (the day before the Fed announcement) and the Aug. 5 market open. Some investors are going to cash - but others are seeking out areas of the market that might rise as the market falls, or places to collect dividends while waiting out the volatility.Here, we examine 11 of the best ETFs to buy if you're looking for portfolio protection. This relatively small cluster of funds covers a lot of ground, including high-dividend sectors, low-volatility ETFs, gold, bonds and even a simple, direct market hedge. SEE ALSO: The Kip ETF 20: The 20 Best Cheap ETFs You Can Buy
ETFs to gain from upbeat U.S. consumers' economic outlook on a decent job market, contained inflation, rising wages and prospects of low interest rates.
Consumer Staples ETFs have been firing on all cylinders in the past three months, beating their discretionary counterparts. Let's find out what's driving the rally.
The classic equity sectors to hunt for yield have been defense, consumer staples, and utilities. The idea has always been that these sectors provide less in the way of capital gains, compared to more volatile high-flying sectors like technology, but in exchange for the more moderate capital gains, investors get stability and yield.This year, however, as investors have tried to navigate the tail end of the business cycle and changing stances by the Federal Reserve, fund flows have gone to those classic defensive sectors. The result is double digit gains for the stock itself pre-dividend in year to date performance. Consumer Staples Select (NYSEARCA:XLP) is up almost 19%. The utility ETF Utilities SPDR (NYSEARCA:XLU) is not far behind, up 15%.Dividend yields have fallen under this scenario, and XLU yields just 3%, while XLP yields just 2.7%. It's clear then, that investors are going to need to look elsewhere for higher yields.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Energy, being rather out of favor this year, is offering some compelling opportunities. Dividend Stocks to Buy: Energy Transfer LPDividend Yield: 8.2%Energy Transfer (NYSE:ET) has been steadily executing on the strategic front. They have expanded their presence to China to meet growing demand for LNG and NGL products by opening an office in Beijing earlier in the year. ET signed a letter of intent with Sunoco (NYSE:SUN) to enter into a joint venture on a diesel fuel pipeline to West Texas. They have sold interests in certain pipelines to raise capital at attractive prices.Regardless of how the overall market is treating the energy sector, especially midstream master limited partnerships (MLPs), ET has not missed a beat. Financials are in good order with a distribution cash coverage ratio of 2.07x. Fiscal year adjusted EBITDA forecast of $10.7 billion have been reaffirmed.All the while the business keeps expanding. Plans on a Bakken pipeline optimization project will start next year. And on the Permian side, ET is expanding its Permian Express pipeline system by an incremental 120,000 barrels per day. The Permian Express 4 expansion is expected to be in service by the end of the third quarter of 2019.Cash flows are extremely healthy. The dividend is secure. And new projects are fueling growth. The future for ET looks better than good. DCP MidstreamDividend Yield: 10%DCP Midstream (NYSE:DCP) reported a strong first quarter yet yields remain sky high. This presents a great opportunity for patient investors who understand that equity sectors go on rotation and that there will be a day when the market wakes up and realizes how cheap companies have gotten.DCP owns and operates more than 60 plants and 64,000 miles of natural gas and natural gas liquids pipelines across 9 states. On this diverse base of assets, the company generated record distributable cash flow of $224 million in the first quarter. This puts the distribution coverage ratio at 1.45 times. So, despite difficult times for the sector, a best-in-class operator will still produce best-in-class results.NGL Energy Partner's (NYSE:NGL) pipeline throughput volumes was extremely strong, increasing approximately 30% year-over-year. In particular, Sand Hills and Southern Hills drove higher volumes. As a result, adjusted EBITDA set a record as well for the quarter. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Somehow DCP is just sitting there yielding 10%. Take advantage of the mispricing. BPDividend Yield: 6%BP (NYSE:BP) has a plan in place to secure long-term cash flow distributions to shareholders. Oil prices have been volatile, but their turnaround strategy is well underway.There are a number of ramp-up projects, three of which came on stream in Q1, and another that is scheduled to come on stream in Q2. These ramp-ups should make up for some lost volume that has certain analysts concerned.The good news is that most of the major turnarounds are behind BP, so the company is now in more of a steady state. There will be some impact in Q2 but not to the extent that the market seems to be pricing in.Lubricants, which has been a great business, has recently run into some issues with base oil prices, but management indicates that is leveling off. BP has made major efforts starting late last year to make that department more efficient, so there are ways to work around the headwinds.A recovery across a couple of BP's business lines going forward, in addition to the refinery system readying to go "full tilt" in 2020, has positioned the company well both from a growth and cash flow standpoint. Being paid 6% for the company's thought through strategy to play off isn't a bad deal. As of this writing, Luce Emerson was long shares of Energy Transfer LP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 3 Best Dividend Stocks to Buy in the Energy Sector appeared first on InvestorPlace.
The U.S. economy is putting up some impressive numbers in GDP, jobs and wages, but many pundits fear that a slowdown is pending. Trade-war fears with China and the European Union remain front and center in the news. And the yield curve is threatening to invert, meaning short-term interest rates may be moving higher than long-term rates. That's often a sign of pending recession on its own.By some measures, the current expansion is now 10 years old, making it one of the longest on record. That seems ancient, but there's no rule that says it can't continue. Australia is in its 28th consecutive year of economic growth.Even so, all good things do eventually come to an end. And for the U.S. (and for Australia, for that matter), economists are looking for slowdowns. Even the Federal Reserve has indicated it is ready to lower short-term interest rates to combat any problems that may arise.Professional investment managers may look to sell a good deal of their holdings to step aside as the market falls. However, for most individuals, timing the market by selling when conditions seem dicey, and buying back when conditions firm up, is a big mistake. Even the pros don't always get it right, and they have armies of analysts and rooms full of technology at their disposal.Here are six ways to prepare for the next stock market decline. The key is to make smaller adjustments to your portfolio to reduce risk and still be ready to participate when the market resumes its upward march. SEE ALSO: 25 Stocks Every Retiree Should Own
Shares of PepsiCo Inc. rose 0.7% in premarket trading Tuesday, after the beverage and snack giant reported a fiscal second-quarter profit and revenue that topped expectations, and affirmed its full-year outlook. Net income for the quarter to June 15 rose to $2.04 billion, or $1.44 a share, from $1.82 billion, or $1.28 a share, in the year-ago period. Excluding non-recurring items, core earnings per share came to $1.54, compared with the FactSet consensus of $1.50. Revenue increased 2.2% to $16.45 billion, above the Factset consensus of $16.43 billion. Within its business segments, North America beverages revenue grew 2.5% to $5.32 billion, just above the FactSet consensus of $5.31 billion; Frito-Lay North America revenue rose 4.5% to $4.01 billion to top expectations of $3.99 billion; and Quaker Foods North America revenue increased 2.5% to $540 million, just shy of expectations of $540.5 million. For fiscal 2019, the company said it continues to expects organic revenue growth to be about 4% and core EPS of $5.50. The stock has rallied 8.5% over the past three months, while the SPDR Consumer Staples Select Sector ETF has gained 6.7% and the Dow Jones Industrial Average has tacked on 2.5%.
Shares of General Mills Inc. slumped 3.2% in premarket trading Wednesday, after the branded consumer foods company reported a fiscal fourth-quarter profit that beat expectations but sales that came up short. Net income for the quarter to May 26 rose to $570.2 million, or 94 cents a share, from $354.4 million, or 59 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to 83 cents, above the FactSet consensus of 77 cents. Net sales grew 7.0% to $4.16 billion, but was below the FactSet consensus of $4.24 billion. Within its business segments, North America retail sales fell 2% to $2.34 billion, just shy of the FactSet consensus of $2.38 billion, while convenience store and foodservice sales rose 2% to $519 million to top expectations of $515.2 million. For 2020, the company expects organic net sales to rise 1% to 2%. The stock has rallied 38% year to date through Tuesday, while the SPDR Consumer Staples Select Sector ETF has gained 9.0% and the S&P 500 has advanced 16%.
On Wednesday, the Census Bureau will release May’s durable goods orders ahead of the opening bell, and General Mills and Rite Aid report earnings.
On June 14, the U.S. Census Bureau announced the advance estimates for US retail and food services sales in May. According to the data, consumer spending increased. Did the economy breathe a sigh of relief?
ETFs tracking three of the S&P 500's 11 sectors are headed for record closes Friday, but before investors see that as a bullish sign they should note two are for sectors used as bond proxies and the other is a defensive sector. The SPDR Real Estate Select Sector ETF rose 0.4% toward a third-straight record close; the SPDR Utilities Select Sector ETF rallied 1.1%, to top the previous record reached on June 6; and the SPDR Consumer Staples Select Sector ETF edged up 0.2% toward a seventh-straight record. Many use the REIT and utilities ETFs as bond proxies given their relatively high yields, with the REIT ETF yielding 3.16% and the utilities ETF yielding 2.97%, versus the S&P 500's implied yield of 1.99%. The 10-year Treasury note has been rallying, and yields have been falling, as investors believe the Federal Reserve's next move on interest rates will be a cut amid concerns that the economy is a slowing. That concern is also helping the consumer staple sector, which is seen as defensive as it includes companies that sell products consumer need rather than want.