|Bid||0.00 x 1000|
|Ask||0.00 x 40700|
|Day's Range||54.37 - 55.16|
|52 Week Range||48.76 - 58.95|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.28|
|Expense Ratio (net)||0.13%|
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.
A relentless bull says it's safe to buy tech again. With Wells Fargo's Scott Wren, CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.
We're going higher and a Jonathan Golub, Credit Suisse, tells you how to play the year-end rally. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Pete Najarian, Steve Grasso and Guy Adami.
Seemingly at every turn, we can find any catalyst for a market downturn: rising tensions in Washington, unrest in the European Union and the ongoing Huawei controversy, just to name a few. On the other hand, secular investments such as consumer-staples stocks — as based on the Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) — have comparatively skyrocketed. Using the sector benchmark Utility Select Sector SPDR Fund (NYSEARCA:XLU), we find that this typically boring market segment has jumped to double-digit territory since the beginning of July.
The Consumer Staples Select Sector SPDR ETF (NYSEArca: XLP), the largest exchange traded fund tracking the consumer staples sector, and rival cap-weighted staples ETFs traded slightly higher Thursday on ...
Will 2019 Be Better for Altria and Philip Morris? 2018 has been tough for tobacco companies. The increased anti-tobacco regulations, the declining smoking population, and the rising competition in the RRP (reduced-risk products) space have been putting pressure on tobacco companies.
Defensive sectors and the related exchange traded funds have recently been strutting their stuff. Over the past six months, the previously downtrodden consumer staples sector is easily outpacing the broader ...
J.M. Smucker Co. said Friday it was voluntarily recalling certain lots of 9Lives Protein Plus wet canned cat food, citing possible low levels of thiamine, or Vitamin B1. Symptoms of thiamine deficiency in cats, which can develop after several weeks of a low-in-thiamine diet, could include decreased appetite, salivation, vomiting and weight loss, as well as neurological symptoms such as wobbly walking, circling, falling, seizures and ventroflexion (bending towards the floor) of the neck. The lots being recalled are 9Lives Protein Plus With Tuna & Chicken 4 pack of 5.5 ounce cans, with best-if-used-by dates of March 27, 2020 to Nov. 14, 2020, and 9Lives Protein Plus With Tuna & Liver 4 pack of 5.5 ounce cans with best-if-used-by dates of April 17, 2020 to Sept. 14, 2020. J.M. Smucker's stock fell 0.8% in morning trade. It has lost 8.6% over the past three months, while the SPDR Consumer Staples Select Sector ETF has gained 1.5% and the S&P 500 has lost 6.7%.
It was an ugly day for the stock market on Tuesday as the broader U.S. indices fell sharply across the board. While few stocks were spared from the selling pressure, the defensive Consumer Staples Select Sector SPDR (NYSEARCA:XLP) fared better than the rest. The S&P 500, for example, tumbled more than 3% but the XLP ETF “only” dropped approximately 1.7%.
Apple (AAPL) got a downgrade, and Cirrus Logic (one of Apple’s suppliers)(CRUS) pre-announced a miss for the December quarter. But most eyes were focused on the two-pronged trade war and rate move. Suddenly, the Dow (DIA) was down 800 points, and the Nasdaq (QQQ) dropped as much as 3%. The 10-yr treasury yield dropped as low as 2.88% today, down from a high of 3.24% a month ago. And the prevailing wisdom is that when 10-yr yield drops like that, it is foreshadowing lower economic growth ahead. Add that to the Fed still seemingly about to raise short term rates on Dec. 19th to 2.25%-2.5%, and we are very close to an inverted yield curve, which supposedly predicts recessions.
U.S. stocks finished sharply higher Monday after the market reacted optimistically to U.S. and China over the weekend calling a temporary truce to their trade dispute. The Dow Jones Industrial Average ended up about 290 points, or 1.1%, at 25,826, but had been up by as many as 442 points in early morning action. The S&P 500 index closed 1.1% higher at 2,790, powered by gains in the energy sector, on the back of a surge in crude-oil futures , while the consumer-discretionary sectors also was among the best performing sectors among the S&P 500's 11 on the day. The Nasdaq Composite Index advanced 1.5% at 7,442. However, the fall in the yield of the 10-year Treasury note to below 3% on Friday (bond prices rise and yields fall), may reflect some tepid concerns about the prospects for a firm agreement being achieved by China and the U.S. in the 90-day period from Jan. 1, and the outlook for the domestic economy as the Federal Reserve attempts to normalize interest rate policy.
Through the first half of 2018, the consumer staples sector and the corresponding exchange traded funds were punished due in large part to the strong dollar. Although the dollar has been mostly steady ...
The Dow Jones Industrial Average midday Monday squandered more than half of its opening gains as the broader market lost altitude. The Dow was up 149 points, or 0.6%, at 25,686, substantially weaker than the 442-point surge for the blue-chip index at the start of the session's action, which had been driven by a temporary trade truce between China and the U.S., authored by President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the G-20 summit in Argentina over the weekend. The other main benchmarks were also off their best levels. The S&P 500 index was showing a gain 0.6% at 2,775, but had briefly touched 2,800, while the Nasdaq Composite Index was advancing by 1% but had kicked off Monday trade with a gain of more than 2%. Weakness in consumer staples and financials were partly behind the overall paring in gains. Trading also came as the nation reacted to the death of Ex-President George H. W. Bush, the 41st U.S. president, who died late Friday and will be honored with a national day of mourning on Wednesday.
On November 29, Philip Morris International (PM) was trading at $86.96, which represents an increase of 2.8% since its announcement of its third-quarter earnings results on October 18. In the third quarter, Philip Morris posted adjusted EPS of $1.44 on revenue of $7.50 billion, outperforming analysts’ EPS expectation of $1.28 and their revenue estimate of $7.17 billion. The company’s shipment volumes of heated tobacco units grew in all regions except in its East Asia & Australia region, where net unfavorable estimated distributor inventory movements in Japan led to a fall in total shipment volumes.
Consumer staples ETFs are attracting investors again, and it's easy to see why. Procter & Gamble, Coca-Cola, Walmart and their peers outshine in tough times.
To receive further updates on this Coca-Cola (NYSE:KO) trade as well as an alert when it’s time to take profits, sign up for a risk-free trial of Strategic Trader today. One of the stock sectors they often rely on to accomplish this goal is the Consumer Staples sector. Investors will often use the Consumer Staples Select Sector SPDR (NYSEARCA:XLP) as a way to track this sector.
Shares of J.M. Smucker Co. tumbled 5.7% in premarket trade Wednesday, after the consumer foods company, with brands including Folgers, Smucker's and Meow Mix, missed profit and sales expectations and cut its full-year outlook. Net income for the quarter to Oct. 31 fell to $188.5 million, or $1.66 a share, from $194.6 million, or $1.71 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share rose to $2.17 from $2.02 but missed the FactSet consensus of $2.29. Sales rose 5% to $2.02 billion, below the FactSet consensus of $2.05 billion. Within its U.S. retail product segments, sales for pet foods jumped 32% to $728.1 million, but missed the FactSet consensus of $747.7 million; coffee slipped 1% to $544.9 million to miss expectations of $554.0 million; and consumer foods declined 12% to $461.9 million to miss expectations of $464.8 million. For fiscal 2019, the company cut its outlook for adjusted EPS to $8.00 to $8.20 from $8.40 to $8.65, for sales to $7.9 billion from $8.0 billion and for free cash flow to $700 million to $750 million from $770 million to $820 million. The stock has gained 4.7% over the past three months, while the SPDR Consumer Staples Select Sector ETF has advanced 2.7% and the S&P 500 has declined 7.4%.
As of November 21, Altria Group (MO) was trading at $54.39, which represents a fall of 12.7% since the announcement of its third-quarter earnings on October 25. In the third quarter, which ended on September 30, Altria posted an adjusted EPS of $1.08 on revenues (net of excise tax) of $5.29 billion. Altria outperformed analysts’ EPS expectation of $1.07 and revenue expectation of $5.22 billion.
As U.S. markets continue to wobble, investors who want to stay in the game can look to defensive sector-related ETFs for a more steady approach. “If the sell-off continues and it deepens, it’s going to ...
With the mid-term election dust settling, ETF investors can now consider the state of sector investing and look to opportunities that may lie ahead. On the recent webcast (available On Demand for CE Credit), ...
ETF investors who want to gain targeted exposure in the markets today should consider traditional and new economy sector-based strategies that could help align portfolios with market events, harness macro ...