|Bid||0.00 x 1400|
|Ask||0.00 x 1000|
|Day's Range||28.31 - 28.76|
|52 Week Range||24.25 - 37.88|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.64|
|Expense Ratio (net)||0.35%|
Steel stocks have traded within a downtrend for most of the past 12 months. Based on these charts, the story will likely continue.
There are 11 sectors represented in the S&P 500 with weights ranging from 2.81% at the bottom to 21.45% at the top. Guess which group resides at the bottom? Materials.That is not the only point underscoring the materials sector's diminutive status. The Materials Select Sector SPDR ETF (NYSEARCA:XLB), the largest materials exchange-traded fund, holds just 28 stocks and the Dow Jones Industrial Average is home to just one materials stock -- Dow Inc. (NYSE:DOW).XLB "seeks to provide precise exposure to companies in the chemical, construction material, containers and packaging, metals and mining, and paper and forest products industries," according to State Street.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSize aside, there are plenty of opportunities to be had with materials ETFs and investors may want to consider getting in while the getting is good because the sector is on fire in the first half of June."In fact, the materials group, the sector that tends to be the most sensitive to global economic growth expectations, is on track for its best monthly gain since October of 2015, when it soared 13.45%, according to Dow Jones Market Data," reports MarketWatch. * 7 Top-Rated Biotech Stocks to Invest In Today For investors looking to embrace a small sector with big potential, here are some materials ETFs to consider. VanEck Vectors Junior Gold Miners ETF (GDXJ)Source: Shutterstock Expense Ratio: 0.53%, or $53 annually per $10,000 investedThe VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) is one of the largest gold miners funds, meaning it is also a materials ETF and a volatile one at that. GDXJ has a three-year standard deviation of 30.50%, roughly triple the comparable metric on the S&P 500. Indeed, this materials ETF is not for the faint of heart and it has a tendency to overshoot gold's price action in either direction.Fortunately, the current climate sets up well for gold, as highlighted by GDXJ's month-to-date gain of nearly 9%."If you look at the GDXJ [VanEck Vectors Junior Gold Miners ETF] and go back to 2010, the adjusted return in Canadian dollars is down about 85%. Then if you look deeper … at the really junior juniors, which aren't even in these ETFs, it's even more so. We have an industry where you've lost 80% to 90% of the value -- plus," said Jonathan Goodman, executive chairman of Dundee Corp., in an interview with Kitco News.Another catalyst could boost this materials ETF in the second half of the 2019: the Federal Reserve. If the Fed lowers interest rates, gold almost certainly rallies in response, likely sending GDXJ and miners ETFs higher along the way. Invesco MSCI Global Timber ETF (CUT)Source: Shutterstock Expense Ratio: 0.55%Among materials ETFs, timber funds -- all two of them -- often go overlooked. The Invesco MSCI Global Timber ETF (NYSEARCA:CUT), which tracks the MSCI ACWI IMI Timber Select Capped Index, gives investors nuanced materials exposure with a decent yield.CUT's underlying index "measures the performance of securities engaged in the ownership and management of forests, timberlands and production of products using timber as raw materials," according to Invesco.CUT holds 77 stocks, giving it a significantly larger roster than many traditional materials ETFs and some of that size is attributable to the fund being a global materials ETF. Eleven countries are represented in this materials ETF with the U.S. commanding a weight of 42%. Of the other 10 countries found in this materials ETF, eight are developed markets. * The 10 Best Index Funds to Buy and Hold Nearly 56% of CUT's components are classified as value stocks and the materials ETF reflects that value proposition with a price-to-earnings ratio of just 12.82x, a healthy discount relative to broader domestic equity benchmarks. SPDR S&P Mining & Materials ETF (XME)Source: Shutterstock Expense Ratio: 0.35%The SPDR S&P Mining & Materials ETF (NYSEARCA:XME) is an equal-weight materials ETF with diverse exposure to miners of several industrial and precious metals.XME's underlying index provides exposure to "the following sub-industries: Aluminum, Coal & Consumable Fuels, Copper, Diversified Metals & Mining, Gold, Precious Metals & Minerals, Silver, and Steel," according to State Street.In other words, XME is exactly the type of fund that can be stung by tariffs. That is exactly what has happened to this materials ETF. XME is down 11.41% in the second quarter and resides more than 31% below its 52-week high, putting the fund deeply into a bear market.XME is also volatile as far as materials ETFs are concerned. Over the past three years, XME's annualized volatility is 26.20% compared to 15.60% for the aforementioned XLB. Problem is, XME often does not justify that increased volatility because it can trail traditional materials ETFs by wide margins.As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post 3 Materials ETFs to Help Build Your Portfolio appeared first on InvestorPlace.
As an asset class, economically sensitive commodities made for predictable victims of the US/China trade flap. That is certainly true of copper. Just look at the iPath Series B Bloomberg Copper Subindex ...
The iPath Series B Bloomberg Copper Subindex Total Return ETF (JJC) is sporting a second-quarter loss of 10% as a slew of weaker-than-expected global economic data points are pressuring copper. Most copper ...
This article was originally published on ETFTrends.com. Copper was the first metal to be worked by people. Copper beads have been excavated in northern Iraq which are more than ten thousand years old, and presumably made from native copper, nuggets of which can sometimes still be uncovered. Copper is an essential component in the motors, wiring, radiators, connectors, brakes, and bearings used in cars and trucks.
Miners Approach 52-Week Lows as Trade War Heat IntensifiesMiners’ returns todayUS equity markets are in the red today amid the escalation in the US-China trade war. Metals and mining stocks have especially come under pressure, and the SPDR
The ongoing trade spat between the U.S. and China is claiming plenty of victims in the commodities complex. That includes copper, the most widely followed industrial metal. Just look at the iPath Series ...
The White House has reached an agreement to remove steel and aluminum levies on Canada and Mexico, eliminating a key barrier to passing updates to the North American Free Trade Agreement, two people familiar ...
Vale’s Production Loss Has Become Its Peers' Gain—Here’s HowVale’s first-quarter productionVale (VALE) published its first-quarter production report on May 8. With the release of the report, the company’s shipment data have become much
What Could Have Prompted Trump’s Sudden Tariff Hike Decision(Continued from Prior Part)MinersDonald Trump has stepped up his trade rhetoric by hiking up the tariff on $200 billion in Chinese goods to 25%. He has also threatened a 25% tariff on
A metals and mining sector-related ETF strengthened Friday as United States Steel (NYSE: X) jumped on strong first quarter earnings results. The SPDR Metals & Mining ETF (NYSEArca: XME), which is designed ...
How Cleveland-Cliffs Is Looking after Its Q1 2019 Results(Continued from Prior Part)Pellet premiums to soarDuring Cleveland-Cliffs’ Q1 conference call, CEO Lourenco Goncalves said, “Several people directly or indirectly involved with the
U.S. Steel and AK Steel: What to Expect This Week(Continued from Prior Part)Steel pricesUS flat-rolled steel prices have been depressed this year. While the prices seem to have bottomed and have seen some upwards momentum, US steel prices have
Freeport-McMoRan: What to Expect after Last Week’s Sell-OffFreeport-McMoRan Freeport-McMoRan (FCX), the leading US-based copper miner (XME), saw a selling spree after its first-quarter earnings were released. The company missed the mark on most of
What You Should Expect from AK Steel’s Q1 EarningsAK Steel’s Q4 earnings AK Steel (AKS) is scheduled to release its first-quarter earnings on April 29 after the markets close. The company is to hold its earnings call on April 30. So far, it’s
What’s in the Cards for Cleveland-Cliffs’ Q1 Results?(Continued from Prior Part)Vale’s dam burst On January 25, a major disaster struck Vale (VALE) when a dam ruptured at one of its mines in Brazil (EWZ). More than 300 people died when the
The oft-overlooked materials sector is a cyclical group and a small slice of the broader U.S. equity market, but for tactical investors, there are some compelling opportunities in this group.That includes mining stocks and the related exchange-traded funds (ETFs). Mining ETFs are considered industry funds and many are more volatile than traditional materials ETFs. While materials funds are usually heavily allocated to chemicals makers, investors willing to take on the added volatility associated with mining ETFs can access more focused assets, including precious metals miners, coal, steel and more.Another element investors need to acknowledge with mining ETFs is the array of factors that can affect these investors. Those factors include the strength of the U.S. dollar, international trade deals, geopolitical events and the strength of emerging markets economies.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Oversold Stocks to Run From For investors willing to add some more risk to their portfolios, here are some mining ETFs to consider. VanEck Vectors Gold Miners ETF (GDX)Expense Ratio: 0.53%, or $53 annually per $10,000 investedThe VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) is not just the largest gold miners fund, it is one of the dominant names among mining ETFs of any stripe. Investors that are familiar with GDX and other gold mining ETFs know that simply because spot gold prices are rising, that does not mean miners will join in on that action.However, arguably the biggest risk with gold miners equities is that these stocks will overshoot the declines in spot gold. That scenario is happening right now. The SPDR Gold Shares (NYSEARCA:GLD) is lower by 2.68% this month, but GDX is down 7.78% over the same period and is in danger of falling below its 200-day moving average."The gold stocks are mired in something of a psychological limbo these days," reports Mining.com. "They aren't exactly out of favor, but there's little enthusiasm for this sector. Investors and speculators have largely lost interest for technical, sentimental, and fundamental reasons."Year-to-date, investors have pulled $1.36 billion from GDX. SPDR S&P Metals & Mining ETF (XME)Expense Ratio: 0.35%The SPDR S&P Metals & Mining ETF (NYSEARCA:XME) is a diverse mining ETF. This equal-weight fund, which is nearly 13 years old, targets the S&P Metals and Mining Select Industry Index.The $433.35 million XME "seeks to provide exposure to the metals & mining segment of the S&P TMI, which comprises the following sub-industries: Aluminum, Coal & Consumable Fuels, Copper, Diversified Metals & Mining, Gold, Precious Metals & Minerals, Silver, and Steel," according to State Street.XME holds just 29 stocks, more than half of which are steelmakers. Domestic steel stocks have benefited from the White House's tariff's on foreign steel, but that news has already been baked into those stocks. * 10 Stocks to Sell Before They Give Back 2019 Gains XME is a credible mining ETF for tactical traders with elevated risk tolerance. Over the past three years, this mining ETF's average annualized volatility was 27.30%, or 1,200 points above the same metric on the S&P 500 Materials Index. Global X Lithium & Battery Tech ETF (LIT) Expense Ratio: 0.75%The Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) is often viewed as more of a thematic fund than a dedicated mining ETF, but several of LIT's 39 holdings actually do mine and produce lithium. While LIT has been a roller coaster ride for a while now, as highlighted by a 12-month loss of 15%, this is arguably one of the more compelling mining ETFs.Traditional mining ETFs focus on companies that are engaged in old school industries, such as coal mining and steel production. Conversely, LIT is at the epicenter of some futuristic trends, including the global shift to electric vehicles, which are powered by lithium-ion batteries."Battery metals tracker Adamas Intelligence says that in February 2019, 76% more lithium carbonate equivalent (LCE) was deployed worldwide in batteries of new electric, plug-in hybrid and hybrid electric passenger vehicles compared to the same month last year," reports Mining.com. "The Dutch-Canadian research company, which tracks EV registrations and battery chemistries in more than 80 countries, says among all metals and materials found in EV battery cathodes, lithium use saw the greatest gains."With electric vehicles just a few years away from meeting traditional automobiles in terms of price synergies, LIT is one of the most compelling mining ETFs in terms of favorable long-term fundamentals. Invesco S&P SmallCap Materials ETF (PSCM)Expense Ratio: 0.29%As its name implies, the Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) is a materials fund, not a dedicated mining ETF, but the fund does have some mining exposure and represents a solid choice for investors looking for mining exposure without the commitment of a fund explicitly dedicated to this industry.PSCM's 34 member firms "are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals," according to Invesco. * 7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns More than 17% of PSCM's holdings are considered mining companies. Nearly 36% of the mining ETF's components are classified as value stocks while more than 29% are considered growth stocks. PSCM is beating the large-cap XLB by nearly 800 basis points YTD. Global X Silver Miners ETF (SIL) Expense Ratio: 0.65%Many of the same dynamics that apply to gold and gold mining ETFs apply to silver and the related miners. That makes sense because silver often follows gold in either direction. Currently, that is problematic for the Global X Silver Miners ETF (NYSEARCA:SIL), which is lower by nearly 11% this month.What is concerning about SIL's price action this year and that of silver itself is that the global economy is mostly strong. That should benefit silver because about half the demand for the white metal is industrial demand. Additionally, some market observers argue that the silver market is not in a supply deficit despite reports to the contrary. If there were a legitimate supply deficit, then silver and the related mining ETFs would likely be displaying better price action.For the seven trading sessions ending Tuesday, April 23, SIL closed lower on six of those days and now resides about 5.50% below its 200-day moving average. This is a mining ETF for traders to keep on their radars, but being in it right now is a risky bet at best.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post 5 Mining ETFs to Dig Into appeared first on InvestorPlace.
Analysts Expect a Steep Revenue Fall for CLF in Q1—Here’s WhyAnalysts’ sentiments Cleveland-Cliffs (CLF) is expected to report its first-quarter earnings results on April 25. Currently, 58.3% out of a total of 12 analysts have given CLF
Steel Stocks See Some Relief as Nucor Beats Q1 Estimates(Continued from Prior Part)Steel stocks’ performancesUS steel stocks have come under pressure in April. Credit Suisse and Bank of America Merrill Lynch issued bearish notes on the steel
Iron Ore Prices Could Be Supported after Vale’s Mine Restart(Continued from Prior Part)Iron ore prices fall Iron ore prices took a major step up after supply disruptions from Vale (VALE) became evident. Read Is the Party Just Getting Started for
Key Takeaways from Alcoa’s Q1 EarningsAlcoa’s first-quarter earnings Alcoa (AA) released its first-quarter earnings after the markets closed on April 17. The company reported revenues of $2.72 billion in the first quarter. The analysts polled by
China No Longer Seems to Be Biggest Concern for Global Economy(Continued from Prior Part)Metal investorsChina’s trade data is especially crucial for metal and mining investors (XME) given the country’s dominant share in global metal consumption.
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Barclays upgrades iron ore price forecast Barclays is optimistic about the iron ore price outlook given the supply disruptions from Australian miners as well as Vale’s