XLV - Health Care Select Sector SPDR Fund
| Previous Close | 100.95 |
| Open | 0.00 |
| Bid | 0.00 x 1100 |
| Ask | 101.45 x 2200 |
| Day's Range | 100.47 - 101.47 |
| 52 Week Range | 80.61 - 101.47 |
| Volume | 6433171 |
| Avg. Volume | 8,500,606 |
| Net Assets | 19.18B |
| NAV | 100.86 |
| PE Ratio (TTM) | N/A |
| Yield | 1.51% |
| YTD Daily Total Return | 18.11% |
| Beta (5Y Monthly) | 0.86 |
| Expense Ratio (net) | 0.13% |
| Inception Date | 1998-12-16 |
- ETF Trends
Healthcare Venture Capital Will Continue to Fuel M&A Activity
Merger and acquisitions (M&A) activity within the healthcare industry heightened last year, according to recent research data and this could feed into gains for M&A and healthcare-focused ETFs for traders sensing an opportunity. “The U.S. healthcare market saw a 14.4 percent increase in mergers and acquisitions from 2017-2018, fueled by soaring domestic venture capital investment – an all-time high of $130.9 billion invested in U.S.-based startups in 2018 alone,” a press release by Sage Growth Partners said. "Business opportunities in healthcare today are driven by two key factors – the industry's widespread waste and inefficiencies, and public and private sector mandates to reduce costs while increasing health outcomes," said Dan D'Orazio, SGP's CEO.
- Zacks
Deal or No Deal: Healthcare ETFs to Make a Sweep in 2020
While all eyes are on the fate of the phase one trade deal between the United States and China, Healthcare sector can forget tension and soar higher in 2020 even if there is no deal.
- Investopedia
Buying in Health Care Stocks Is Extreme
We could see a market pullback in the coming months, but stocks are likely to continue higher thereafter.
- Investopedia
Healthy Bounce
Finance and health care took the lead as stocks rebound. What are the best industry groups in the surprisingly robust health care sector?
- MarketWatch
Stryker to raise dividend by 11%, but implied yield remains below peer group
Stryker Corp. announced Wednesday that it was raising its quarterly dividend by 11%, but that would keep the implied dividend yield on the medical technology company's stock below its peer group. The company said the new dividend of 57.5 cents a share, up from the latest dividend of 52 cents a share, would be payable Jan. 31 to shareholders of record on Dec. 31. Based on the current stock price, the new annual dividend rate would imply a dividend yield of 1.13%, compared with the yield on the SPDR Health Care Select Sector ETF of 1.50% and the implied yield for the S&P 500 of 1.91%, according to FactSet. The stock, which rose 0.4% in afternoon trading, has gained 18.4% over the past 12 months, while the health care ETF has tacked on 6.9% and the S&P 500 has advanced 15.5%.
- Investopedia
Buying in Stocks Is Nearing Overbought Levels
While demand for stocks remains strong, the market is nearing an overheated level, so investors should proceed with caution.
- Zacks
Should You Invest in the Invesco S&P SmallCap Health Care ETF (PSCH)?
Sector ETF report for PSCH
- MarketWatch
Charting a persistent late-year breakout, S&P 500 tags technical target (3,140)
Technically speaking, the S&P 500 has tagged its latest record peak as the Russell 2000 belatedly breaks to 52-week highs amid bullish market rotation, writes Michael Ashbaugh.
- Investopedia
Stocks Are Getting Bought, but Not Overbought Yet
To teach a kid a lesson, keep it simple. Tell him in plain language what he did wrong, and give a simple punishment that fits the offense. Right? Throw the ball in the house and break something, you clean it up and work to replace it.
- MarketWatch
Eli Lilly to create 100 jobs in Indianapolis as it adds capacity to its technology center campus
Eli Lilly & Co. said Wednesday that it will create 100 new jobs in Indianapolis as it invests $400 million in its manufacturing facilities at its Lilly Technology Center campus. The drug maker said its plans are a result of increased demand for its medicines and for the production of additional capacity for future medicines, and are helped by having more capital available as a result of tax reform. "These investments support our manufacturing capabilities in Indianapolis, including additional capacity and technology upgrades to our active ingredient, syringe filling, device assembly and packaging operations," said Myles O'Neill, president of manufacturing operations. "All of these projects support Lilly's investment in next generation manufacturing and feature high levels of automation, robotics, new technologies and advanced data analytics." The stock, which was still inactive in premarket trading, has slipped 0.5% year to date, while the SPDR Health Care Select Sector ETF has climbed 13.0% and the S&P 500 has advanced 24.5%.
- MarketWatch
Merck raises quarterly dividend, to yield more than peers and the S&P 500
Shares of Merck & Co. Inc. were up 0.3% in midday trading Tuesday, after the health care company said it will raise its quarterly dividend by 11%. The company will pay a dividend of 61 cents a share, up from 55 cents a share, on Jan. 8 to shareholders or record on Dec. 16. Based on the current stock price, the new annual dividend rate would imply a dividend yield of 2.89%, compared with the yield for the SPDR Health Care Select Sector ETF of 1.54% and the implied yield for the S&P 500 of 1.90%. Merck's stock has slipped 2.1% over the past three months, while the health care ETF has gained 6.7%, the S&P 500 has tacked on 6.7% and the Dow Jones Industrial Average has advanced 6.9%.
- Investopedia
Big Buying in Software and Biotech Stocks Is Bullish
While the market will eventually need to vent and pull back, buyers remain in control, with buying in software and biotech.
- MarketWatch
UnitedHealth's stock rallies to pace the Dow's gainers, after SunTrust boosts price target
Shares of UnitedHealth Group Inc. rallied 2.2% in morning trading Monday, enough to pace the Dow Jones Industrial Average's gainers, after analyst David MacDonald at SunTrust Robinson Humphrey raised raised his price target to the highest on the Street. The managed care company's stock price gain was adding about 40 points to the Dow's price, while the Dow was down 11 points. MacDonald reiterated his buy rating on UnitedHealth's stock and raised his price target to $335 from $310, which makes him the most bullish of the 26 analysts surveyed by FactSet. "We have raised managed care price targets following the release of Senator Warren's plans to implement Medicare For All, which we think provide additional clarity and likely allays some concerns," MacDonald wrote in a note to clients. "We remain bullish on managed care and continue to view the companies as a key part of the healthcare cost solutions." Among price target increases, shares of WellCare Health Plans Inc. rose 2.4%, Humana Inc. tacked on 0.6%, Anthem Inc. hiked up 1.9%, Molina Healthcare Inc. tacked on 3.1% and CVS Health Inc. advanced 0.7% and Molina Healthcare Inc. rallied 3.1%.
- MarketWatch
Health stocks post best day in 10 months as Trump announces transparency rules
A popular exchange-traded fund that tracks the health-care sector saw its best daily return in 10 months on Friday after the Trump administration proposed new rules aimed at making health-care prices more transparent. The SPDR Health Care Select Sector ETF posted a 2.1%, marking its best day since Jan. 4, when it rose 2.98%, according to FactSet data. The Trump administration proposed a rule that would require health insurers to disclose estimated out-of-pocket costs, including negotiated rates, to patients in advance of a procedure or office visit. It also finalized a rule requiring hospitals to make transparent the prices they charge patients starting in 2021. It's possible that the stocks gained on doubts on how the rules would be enforced. "While the Trump administration's new hospital price transparency requirement is quite sweeping, the enforcement of it is quite weak - a maximum fine of $300 per day," Kaiser Family Foundation executive Larry Levitt wrote on Twitter. Shares of UnitedHealth Group Inc. , which is the largest health insurer in the U.S., and Anthem Inc. each rose roughly 5%. Shares of Tenet Healthcare Corp. and HCA Healthcare Inc. , both large hospital operators, were up at least 2%. The S&P 500 is up 24.4% year-to-date.
- MarketWatch
Abbott Laboratories CEO Miles White to step down after 2 decades in charge
Abbott Laboratories said Wednesday that Chief Executive Miles White will step down on March 31, 2020, after 21 years in the role. White, who joined Abbott in 1984, will remain executive chairman. The healthcare company said Robert Ford, who has been chief operating officer since October 2018 and a 23-year Abbott veteran, will succeed White as CEO. Abbott's stock slipped 0.3% in premarket trading. It has rallied 21.4% over the past 12 months through Tuesday, while the SPDR Health Care Select Sector ETF has gained 4.7% and the S&P 500 has advanced 13.6%.
- Zacks
Follow Morgan Stanley to Trade 2020 Election With ETFs
Morgan Stanley outlined four outcomes of the 2020 election and its strategies for investors on how to make the most of them.
- MarketWatch
Thermo Fisher sets new $2.5 billion stock buyback program
Thermo Fisher Scientific Inc. announced Friday a new $2.5 billion stock repurchase program, with no expiration date. The analytical instruments and patient diagnostics company's new program replaces the current authorization, which had $500 million remaining. Based on Thursday's stock closing price of $293.54, the new program would allow for the repurchase of up to 8.5 million shares, or about 2.1% of the shares outstanding. The stock rose 0.3% in premarket trading. It has run up 31.2% year to date through Thursday, while the SPDR Health Care Select Sector ETF has gained 9.2% and the S&P 500 has rallied 23.1%.
- Investopedia
Global Investment Presents Opportunity
While U.S. markets pause, there could be opportunities in international investments, and health care stocks are becoming more attractive.
- Yahoo Finance Video
Assessing the outlook of the telehealth market
Democratic candidates continue to pitch ideas in order to help reform the U.S. health care system. American Well’s Co-CEO & President Roy Schoenberg joins Yahoo Finance’s On The Move to discuss how future policies could impact the telehealth market.
- Yahoo Finance Video
Assessing the health sector’s splurge on digital
Hospitals and insurers have been splurging on digital advancements. However, according to a report from the PWC, the pay off for such investments has not been seen. Yahoo Finance’s Adam Shapiro, Julie Hyman, Scott Gamm, Akiko Fujita and Anjalee Khemlani break down the report on On The Move.
- Yahoo Finance Video
Decade in Review: Assessing the impact of America’s opioid crisis
The opioid crisis is one of the biggest and most controversial stories in the past decade. Over the years, the U.S. advocated for more legalization of marijuana and has seen strong growth from the cannabis market. Yahoo Finance’s The Final Round break down the impact of marijuana and assess the opioid crisis.
- Yahoo Finance Video
Health care coverage costs are on the rise: RPT
It’s no secret that health care costs continue to rise, but new research from the Commonwealth Fund indicates that Americans are paying more for their premiums and deductibles than ever before. Yahoo Finance's Adriana Belmonte breaks the report down with Zack Guzman and Kristin Myers, along with Payne Capital Management Financial Advisor, Courtney Dominguez.
- Yahoo Finance Video
Market Recap: Friday, November 15
The S&P 500, Dow and Nasdaq closed at record highs, ending the week on a high note as the Dow cleared 28,000 points for the first time ever.
- Yahoo Finance Video
Healthcare stocks rally
Healthcare stocks rally and helped to lift the Dow. Yahoo Finance’s Scott Gamm, at the NYSE, covers why Healthcare stocks saw these huge gains.
- Yahoo Finance Video
Nurses are burning out at an alarming rate: Survey
A new survey out from AMN Healthcare has found an alarming rate of burnout among nurses, with almost a quarter working two nursing jobs at a time. Yahoo Finance's Adriana Belmonte joins Zack Guzman and Sibile Marcellus, along with CampusReform.org Editor-In-Chief Cabot Phillips, to discuss.
