|Bid||26.65 x 800|
|Ask||26.66 x 2900|
|Day's Range||26.58 - 26.84|
|52 Week Range||24.25 - 35.22|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.54|
|Expense Ratio (net)||0.35%|
The iPath Series B Bloomberg Copper Subindex Total Return ETN (NYSEArca: JJC) has recently posted some modest upside, rising about 2% over the past week, but the copper exchange traded note (ETN) remains ...
Traders are always on the lookout for the next short squeeze candidate. Short squeezes can send share prices skyrocketing in a matter of minutes and hours, and traders who are along for the ride can make ...
Coming off a rough August in which it lost 6.40%, the SPDR Metals & Mining ETF (NYSEArca: XME), which is designed to track the broad metals and mining segment, could face more challenges in September, ...
The previously downtrodden SPDR Metals & Mining ETF (NYSEArca: XME), which is designed to track the broad metals and mining segment, got a lift Monday, but investors should approach this volatile ETF with ...
Copper has made for a predictable victim in the US/China trade tiff. The iPath Series B Bloomberg Copper Subindex Total Return ETN (NYSEArca: JJC) is lower by 4.21% this month, but there could be some ...
Amid the fretting capital markets following an escalation of the U.S.-China trade war, copper exchange-traded products (ETPs) took a hit, which doesn’t bode well since the metal is seen a barometer of economic health. The iPath Series B Bloomberg Copper Subindex Total Return ETN (NYSEArca: JJC) is down 4.85 percent the last five days and the United States Copper Index Fund, LP (CPER) is also down 5 percent. Copper futures hit a bottom-barrel two-year low on Monday as chaos was ensuing in equities, which was evidenced by the fall in Dow Jones Industrial Average of over 950 points—the largest decline of 2019. Due to copper’s widespread use, particularly when it comes to homebuilding and commercial construction, it’s a good measuring stick of how well the economy is doing.
Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below 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 above its 20-day moving average, thereby offering a near-term 'sell on the pop' opportunity given the longer-term downtrend 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.
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