|Bid||68.20 x 2200|
|Ask||68.36 x 21500|
|Day's Range||67.89 - 68.61|
|52 Week Range||52.83 - 68.61|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||5.73%|
|Beta (5Y Monthly)||0.22|
|Expense Ratio (net)||0.13%|
All three major indexes closed at record highs on Friday, led by a week of strong economic data and corporate earning results. The Final Round panel discusses the markets at the closing bell.
Yahoo Finance's Jared Blikre joins Zack Guzman, Julia LaRoche and Clearnomics Founder & CEO James Liu on YFi PM to break down the best and worst performing sectors in 2019.
In the U.S., the coronavirus threat seems to more closely resemble what we see in the typical flu season, but on a much smaller scale. But the prospect of a disruption in global economies weighed on equities.
This article was originally published on ETFTrends.com. While stocks continue climbing higher on the back of robust animal spirits, it's logical that many investors are looking to growth fares, such as communication services and technology, but don't sleep on defensive groups. For example, the Utilities Select Sector SPDR (XLU) , the largest utilities sector ETF, jumped 3.66% last week.
Traditional dividend havens such as utilities and real estate investment trusts are expected to continue that role, with yields in the 3% range this year. Those looking for more robust dividend growth should consider sectors such as health care and technology.
Duke Energy Corp. announced Thursday an agreement with North Carolina state regulators and community groups to permanently close all of electric company's remaining nine coal ash basins in the state. Under the agreed upon plan, Duke said about 80 million tons of ash will be excavated from the sites, and be moved to lined landfills. "The agreement calls for expedited state permit approvals which would keep projects on a rapid timeline with excavation at the six sites completed in 10 to 15 years," Duke said in a statement. The plan will reduce the estimated cost to close the nine coal ash basins by about $1.5 billion, as compared with the previous order from North Carolina's Department of Environmental Quality requiring full excavation. As a result, the cost to permanently close all ash basins in the Carolinas is now estimated at $8 billion to $9 billion, of which about $2.4 billion has been spent through 2019, with the rest expected to be spend over the next 15 to 20 years. Duke's stock, which slipped 0.1% in premarket trading, has gained 7.7% over the past 12 months, while the SPDR Utilities Select Sector ETF has rallied 24% and the S&P 500 has advanced 29%.
With the decade of historically low interest rates seemingly set to bleed into the next, dividend stocks are poised to retain their position as an attractive alternative to bonds as a source of yield for income investors.
Shares of PG&E Corp. rocketed 21% in active afternoon trading Wednesday, enough to pace all NYSE-listed gainers, after Bloomberg reported the California-based utility was near a deal to pay out $13.5 billion to wildfire victims. Trading volume jumped to over 38.5 million shares, compared with the full-day average of 24.9 million shares. The Bloomberg report, which cited people familiar with the matter, said half of the payout would be in cash, upfront in a lump sum, and the other half would be in stock, to be paid over 18 months. A settlement would help resolve the utility's bankruptcy. Despite the rally, the stock has still lost 57% year to date, while the SPDR Utilities Select Sector ETF has gained 20% and the S&P 500 has advanced 24%.
The first quarter was a breeze as Powell pivoted, and China seemed eager to reach a deal with Trump. Both the S&P 500 and Russell 2000 delivered very strong gains as a result, with the Russell 2000, which is composed of smaller companies, outperforming the large-cap stocks slightly during the first quarter. Unfortunately sentiment shifted […]