52.45 0.00 (0.00%)
After hours: 5:16PM EDT
|Bid||0.00 x 3100|
|Ask||0.00 x 800|
|Day's Range||52.40 - 52.66|
|52 Week Range||47.37 - 57.23|
|PE Ratio (TTM)||8.64|
|Expense Ratio (net)||0.14%|
The implied volatility of the Utilities Select Sector SPDR ETF (XLU) was ~14% on July 13, close to its 15-day average. The broader markets have displayed overall implied volatility of ~8% recently.
The Utilities Select Sector SPDR ETF (XLU) is currently trading 4% above its 50-day moving average and 2% above its 200-day moving average.
Utility stocks started out weak but rose late last week. The Utilities Select Sector SPDR ETF (XLU) fell more than 1% while the broader markets rose on a similar level in the week.
As we’ve discussed, Morgan Stanley (MS) has downgraded the technology sector (XLK). The investment company has become more optimistic about defensive sectors, which are less affected by economic fluctuation, due to investors’ growing defensive position.
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.
In the first half of 2018, the S&P 500 gained 2.5%. And now, the third quarter — historically a tricky time for domestic equities — is here. While July usually is not a bad month for stocks, August and September are generally two of the worst months of the year for the S&P 500.
MLP funds’ flow has continued to rise in recent months despite sector headwinds, which we discussed in the previous article. This rise could be due to MLPs’ earnings growth and strong crude oil tailwinds.
After slumping to start 2018, the Utilities Select Sector SPDR (NYSEArca: XLU), the largest utilities ETF by assets, and rival utilities funds have come roaring back to life. XLU surged to end the second ...
CNBC recently highlighted the woes of Greenlight Capital hedge fund manager David Einhorn, a noted value investor, who has investors fleeing his fund after posting an 18.7 percent loss year-to-date and a 7.7 percent loss in the month of June alone. The latest bull market since February has been largely attributed to returns seen in stocks featuring high-growth and momentum, according to Robert Buckland of Citi Research. "This usually favors growth and momentum trades and has produced bubbles in the past," said Buckland.
The ADP National Employment Report for June was released on Wednesday, July 4. There was a weaker rise in private sector employment to 177,000 compared to 178,000 in May. It didn’t beat the market expectation of 190,000 jobs.
This heightened sense of uncertainty has forced many investors and traders to examine their asset allocation and increase exposure to historically reliable and stable sectors such as utilities. In this article, we take a look at several charts of bellwethers from within the utilities sector to determine how traders will look to position themselves over the weeks or months to come. One of the most popular exchange-traded products that is used by retail investors for tracking the performance of the utilities sector is the Utilities Select Sector SPDR Fund.
Instead, there are some specific market sectors that offer better performances for a much more sizzling return for this summer and into the fall. This has affected both global oil prices as tracked by Brent crude price and West Texas Intermediate (WTI) for U.S. crude.
On June 29, the Utilities Select Sector SPDR ETF (XLU) was trading 3% above its 50-day moving average and marginally above its 200-day moving average, indicating strength. In the short term, $50.30 and $51.70 might act as a support for XLU, which is currently trading at $52.
While the Utilities Select Sector SPDR (XLU) , the largest utilities ETF by assets, is still sporting a small year-to-date loss, the benchmark utilities fund June in style. Prior to that, you'd have to go back to April 2003, per data from Schaeffer's Senior Quantitative Analyst Rocky White,” reports Schaeffer's Investment Research. Related: 5 Utilities ETFs Rally as Defensive Plays Return Utilities Sector to Outperform?
It's not all sunshine and roses market bulls. Despite stocks trying to stage a recover this week after a two week slumber on trade war fears, the market's internals still look bearish. U.S.
The yields on 10-year Treasuries have been falling since mid-June, driving the shares of yield-sensitive sectors in opposite directions. The Financial Select Sector SPDR ETF (XLF) has dropped 13 straight days as of yesterday and approaching a level last seen in November 2017 that could act as support. The Utilities Select Sector SPDR ETF (XLU), on the other hand, has gained for eight straight days and is near a resistance level last seen around the end of last year.
Large technology companies, such as Facebook and Amazon, have posted weak performance of late, as the trade war rhetoric spilled into the technology sector.
The utilities sector is small. It accounts for just 2.85% of the S&P 500 and only three sectors have smaller weights in the benchmark U.S. equity gauge, but that diminutive status does not diminish the sector’s importance.
Utilities stocks and utilities ETFs rallied over the past week as trade war concerns and a return to safety helped support this defensive play. Over the past week, iShares Edge MSCI Multifactor Utilities ...
Vanguard, the king of low-cost, self-directed investing, is seeing increased competition in the real estate exchange-traded fund (ETF) marketplace with the entrance of J.P. Morgan Asset Management, the unit of JPMorgan Chase & Co. ( JPM) that includes its ETF business. According to a report in MarketWatch, earlier this week, J.P. Morgan Asset Management introduced a new ETF focused on real estate investment trusts (REITs). The JPMorgan BetaBuilders MSCI US REIT ETF ( BBRE) began trading this week and tracks what is one of the most widely followed REIT benchmarks – the MSCI US REIT Index – noted the report.
Amid rising interest rates and investors' preference for cyclical sectors, utilities stocks and the corresponding ETFs are struggling this year. For example, the Utilities Select Sector SPDR (XLU) , the largest utilities ETF by assets, is down nearly 6% year-to-date. Some market observers believe that heightened market uncertainties, which could appear later this year, could bolster the case for defensive sectors, including utilities.