|Bid||117.87 x 900|
|Ask||117.89 x 800|
|Day's Range||117.56 - 119.29|
|52 Week Range||91.73 - 120.90|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.19|
|Expense Ratio (net)||0.13%|
Today at 2 PM ET, the Federal Reserve will announce its interest rate decision, which will be followed by its press conference at 2:30 PM ET. Investors are hoping for a rate cut and a dovish statement from the Fed. On June 4, Fed Chair Jerome Powell’s statement that “we will act as appropriate to sustain the expansion” drove a stock market rally.
Despite the capital markets getting racked by trade wars in May, retail sales grew 0.5 percent and data was revised higher in April to 0.3 percent, according to the Commerce Department. Economists polled by data company Reuters were forecasting a 0.6% in May, but compared to the previous time last year, retail sales actually increased 3.2 percent. ETF plays in the retail sector include the SPDR S&P Retail ETF (XRT).
On June 14, the U.S. Census Bureau announced the advance estimates for US retail and food services sales in May. According to the data, consumer spending increased. Did the economy breathe a sigh of relief?
Quick, what’s the best performing sector in the S&P 500 so far in June? No, it isn’t the highflying information technology sector — that’s second best.
Markets Soar: Could the Fed Cut Rates?(Continued from Prior Part)Consumer sector soarsOn Friday, Donald Trump announced tariffs on Mexico would be postponed as the Mexican government had agreed to help limit illegal immigration into the US. Rising
Shares of Starbucks Corp. jumped 1.9% in morning trade Friday, putting them on track to extend their streak of gains and record closes. The stock has rallied 9.0% during its 5-day winning streak, which would be the best 5-day performance since it soared 17% over the 5-day stretch ending Nov. 8, 2018, which was aided by the 9.7% surge on Nov. 2 following fiscal fourth-quarter results. The stock was also headed for a third-straight record close. Chief Financial Officer Patrick Grismer said Thursday at the Piper Jaffray Consumer Marketplace Conference, according to a transcript provided by FactSet, that the most recent consumer research indicated that the company "enjoys even higher levels of preference with millennials and centennials," indicating strength across all demographics. He said the company sees "significant potential" in China, and is encouraged by the results seen in new units opened in China. The stock has now soared 28.8% year to date, while the SPDR Consumer Discretionary Select Sector ETF has rallied 16.4% and the S&P 500 has gained 14.4%.
Below is a look at ETFs that currently offer attractive buying opportunities. The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading below its five-day moving average, thereby offering a near-term 'buy on the dip' opportunity, given the longer-term uptrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
With the first quarter of 2019 behind us, it’s easy to forget the retail sector since the holidays are a distant memory, but last month's rally in the sector is a reminder to investors that they should consider adding retail-focused ETFs to their portfolios. While strength in the retail sector piggybacks off of strong consumer spending, there has been a lot of movement within the sector that could make for some interesting ETF plays like SPDR S&P Retail ETF (XRT).
Rising consumer confidence bodes well for household spending in the coming months, and is expected to have a positive impact on the consumer discretionary sector, which attracts a major portion of consumer spending.
Shares of Under Armour Inc. jumped 3.5% in premarket trade Friday, after J.P. Morgan turned bullish on the athletic gear maker for the first time in at least three years, following an upbeat meeting with management. Analyst Matthew Boss raised his rating to overweight from neutral, and his stock price target to $29, which is 33% above Thursday's closing price of $21.88, from $23. Boss said the tone from the meeting was "controlled confidence" in the brand's direction, with earnings and revenue growth acceleration driven by the combination of the company's product, innovation and marketing strategy. That follows the company's "shrink phase" aimed at product rationalization, inventory reduction and vendor base consolidation. Boss said Under Armour is now positioned for "multi-year gross margin expansion." The stock has rallied 23.8% year to date through Thursday, while the SPDR Consumer Discretionary Select Sector ETF has climbed 18% and the S&P 500 has advanced 15%.
Did April's US Retail Sales Report Fail to Impress?April retail sales data releaseOn May 15, the US Census Bureau announced advance estimates for US retail and food service sales for April 2019. The results were slightly disappointing for the
Though consumer spending was weak at the start of 2019, the second quarter may see a rebound as indicated by latest spending data and consumer confidence. Investors thus can bet on these ETFs.
With Uber pricing near the bottom of its range last night, all eyes are on how it performs this morning. But investors might also take note that technology stocks are at a key technical level. And as tech goes, so may go the market, according to All Star Charts Institutional’s Top 10 Charts of the […]
While the trade war dampens the economic outlook, some services-related ETFs could stand out or at least hold up much better than other sectors that rely on producing goods to turn a profit. Goldman Sachs ...
With the expected pricing of Uber next week, U.S. IPO issuance will be at the highest level since 2008. Volatility is also depressed, with the VIX on a steady downtrend. That, combined with the S&P 500 reaching a new record, might suggest a “risk on” environment. But at least one technical indicator tells a […]
Investors watching this week's G-20 summit closely, as President Trump is expected to meet with President Xi to smooth things on the trade front. UBS predicting the global growth to drop by as much as 75 basis points should those talks fail. Wilmington Trust CIO Tony Roth joins Yahoo Finance's Seana Smith.
The Dow drops more than 200 points as investors run for cover over trade fears. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.
Wells Fargo's Scott Wren says traders should embrace the volatility. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Brian Kelly, Mark Tepper and Tim Seymour.
The U.S. jobs report is a solid beat on expectations, adding 263,000 jobs in April. Average wage growth was underwhelming which grew 0.2%. Bankrate.com Senior Economic Analyst Mark Hamrick and Rockland Trust Vice President & Portfolio Manager Rachael Aiken joins Yahoo Finance's Seana Smith.