|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||55.76 - 56.22|
|52 Week Range||46.04 - 57.23|
|PE Ratio (TTM)||9.19|
|Expense Ratio (net)||0.14%|
Even though markets were in the red this morning, the S&P is coming off a record closing streak not seen in 20 years. Are there still strong areas of opportunity in this market? Matt Cheslock of Virtu Financial joins us from the floor of New York Stock Exchange.
AES (AES) has upside potential of 19% from its current price levels of $10.9. Wall Street analysts have given it a price target of $12.9.
Duke Energy (DUK) has a mean price target of $88.70, which implies a flat to negative movement from its current market price of $88.90.
The ADP National Employment Report for October showed strong improvement in private sector employment at 235,000 jobs.
At $7.0 billion, AES is one of the smallest utilities among the S&P 500 Utilities (XLU). Its dividend growth in the last few years has been remarkable.
AES stock looks to be trading at a discounted valuation compared to its peers. However, it seems to be trading at a fair premium to its historical average.
While broader utilities are climbing towards a new high, AES (AES) stock continues to fall. It hit a new 52-week low of $10.31 on November 7, 2017.
Utility stocks generally trade inversely to Treasury yields. The ten-year Treasury yield fell from 2.37% to 2.33% last week.
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.
Dominion's management has given an earnings guidance of $0.95 to $1.15 per share for 3Q17, compared with its EPS (earnings per share) of $1.14 in 3Q16.
The Utilities Select Sector SPDR ETF (XLU) is currently trading above both its 50-day and 200-day simple moving averages, which is a sign of strength.
The Utilities Select Sector SPDR ETF (XLU) is currently trading at a marginal discount to its 50-day simple moving average while it's trading 4% above its 200-day simple moving average level.
Although the S&P 500 has been on a tear this year, and hit another new high yesterday, Societe Generale’s Alain Bokobza and his team don’t see that streak continuing, projecting a 2,450 close this year and 2,500 for year-end 2018. More detail from his note: Clear impact of Treasury yield on US sector performance, less obvious for US dollar: A bivariate analysis (versus the dollar and the level of rates using quarterly data from 2007 onwards) looks less compelling graphically. In materials, for example, the negative sensitivity to the dollar index is clearly visible, but it seems to be trumped by the sensitivity to higher yields, leading to a predominant outperformance in the upper right quadrant.
The ADP National Employment Report for September 2017 showed some weaker improvement in private sector employment to 135,000 in September compared to the market’s expectation of 125,000.
On October 6, 2017, the Utilities Select Sector SPDR ETF (XLU) had an implied volatility of 11.2%—higher than its 15-day average implied volatility.
US utility stocks took a breather last week after correcting more than 5% in the last few weeks. The Utilities Select Sector SPDR ETF (XLU) rose 0.7%.
While there are nearly as many ways to slice and dice the stock market as there are analysts on Wall Street, one of the best is still the simplest. The 10 Select Sector SPDR exchange-traded funds break the market down into digestible chunks with just enough granularity to point out opportunities. It is no surprise that technology led the pack for much of this year and the Technology Select Sector SPDR Fund (NYSEARCA:XLK) is still up 22.6% year-to-date vs. 13.4% for the S&P 500 Index.
Hurricane Irma, the higher possibility of another rate hike in 2017, and now proposed lower income tax rates have posed a triple threat to the utility sector (VPU). Although utility stocks have fallen…...