132.62 +0.23 (0.17%)
After hours: 4:54PM EDT
|Bid||132.40 x 2200|
|Ask||132.42 x 3100|
|Day's Range||132.13 - 133.30|
|52 Week Range||111.06 - 135.55|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.02|
|Expense Ratio (net)||0.40%|
Researchers have found this ratio has a better track record for predicting the stock market’s direction than many of the more widely known valuation metrics.
Gold ETFs, including the SPDR Gold MiniShares (NYSEArca: GLDM) and SPDR Gold Shares (NYSEArca: GLD), were widely embraced by investors seeking safe assets last month. “Holdings in global gold-backed ETFs ...
If you're interested in investing in several stocks related to a specific theme or thesis about where the market is headed but don't have the time to cherry-pick stocks and pile them into a unique portfolio yourself, then exchange-traded funds offer an ideal solution. Each ETF follows a grouping of stocks related to a specific concept, and, therefore, removes much of the pressure from investors to make superb tactical decisions.That's not to say, however, that all ETFs are created equal. And here at InvestorPlace, we had several of our experts choose what they think might be the best ETFs for 2019.So far, the race for first place in InvestorPlace's Best ETFs of 2019 contest has been fairly tight with three core themes battling it out for supremacy: Vince Martin's home construction play, James Brumley's water focused fund and my own 5G real estate pick have all been at the top of the heap for most of the first half of 2019. On the other hand, some of the other themes, such as emerging markets, have had a much more difficult time rising to the top thanks to trade war headlines and other concerns.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut whatever the case may be, there's still plenty of time for any of the downtrodden ETFs on this list to make it to the top and there's always a chance that one of the main contenders could see a dramatic fall by the end of 2019. * 10 Best Stocks for 2019: A Volatile First Half With all of that said, here are InvestorPlace's best ETFs of 2019, in ascending order of year-to-date gains through the end of June. iShares U.S. Healthcare Providers ETF (IHF)Investor: Todd Shriber Expense Ratio: 0.43%, or $43 annually per $10,000 invested Year-to-Date Gains Through Q2: 3%Todd Shriber based his pick for the contest, the iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF), on the idea that the healthcare sector would continue its 2018 bullishness -- it was the S&P 500's highest performing sector last year. And while the thesis behind his selection was sound, the perceived political boost it would get this year from a Democrat-dominated House of Representatives has actually turned into a roadblock.In Shriber's words, "the fact that so many of the Democrat contenders for that party's 2020 presidential nomination favor Medicare For All has been a significant drag on IHF." A big part of this drag on IHF has to do with UnitedHealth (NYSE:UNH), which is one of IHF's largest holding allocations: "The impact of Medicare For All speculation has been palpable, particularly for UnitedHealth," Shriber wrote.While the case for IHF isn't closed completely yet, Shriber recommends monitoring the action in UNH as an indicator for where the fund might go in the near term.Read more about the IHF ETF from Shriber here. iShares Mexico MSCI ETF (EWW)Investor: Ian Bezek Expense Ratio: 0.47% YTD Gains: 5%The primary idea behind Ian Bezek's selection for the contest -- the iShares MSCI Mexico Capped ETF(NYSEARCA:EWW) -- is that while Mexican stocks took a hit in 2018, as trade relations between the U.S. and Mexico improve, so too will the stocks, which comprise EWW's holdings.And so far, things have indeed begun to cheer up for this Mexican stocks ETF. "With the tariff issue out of the way, the skies are looking brighter for Mexico-U.S. relations, and thus EWW, for the second half of 2019," Bezek wrote. "[I]nvestors in EWW and other Mexican assets should be reassured to know that … [d]espite the change in government, which led to a great deal of concern last year, economic numbers have been acceptable." * 10 Stocks to Buy on College Students' Radars While Bezek asserts that the road to the top won't be easy (if at all possible), he's confident that there is still some upside potential left in EWW and Mexican stocks this year … along with the inevitable possibility for continued volatility.Read more about the EWW ETF from Bezek here. iShares Emerging Markets ETF (IEMG)Investor: Jim Woods Expense Ratio: 0.14% YTD Gains: 9%Although Jim Woods' pick, the iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG), had a rough run at the start of 2019 amid trade war headlines and other economic concerns, there is still some hope left for the emerging markets fund.As Woods points out: "[W]ith the trade situation now back in "truce" mode, and with the Fed now likely to begin rate cuts that should bring down the value of the dollar vs. rival foreign currencies, we could be looking at an extension of the June gains for emerging markets."Woods is confident that although IEMG still retains its unavoidable speculative tune -- all emerging markets themes are prone to unpredictability and volatility -- there are strong signs that the ETF could make a run for the top place at the end of this year if trade conditions between the U.S. and China continue to improve.Read more about the IEMG ETF from Woods here. iShares MSCI Emerging Markets ETF (EEM)Investor: Readers' Choice Expense Ratio: 0.67% YTD Gains: 10%Next up is our Reader's Choice for the best ETF of 2019: iShares MSCI Emerging Markets ETF (NYSEARCA:EEM). Somewhat similar to Woods' IEMG selection, the primary thesis behind this pick was likely the easing of tensions between China and the U.S. The relationship between the two countries got uglier in 2018, which sent many Chinese stocks down the gutter, along with the general stalling of the Chinese economy.Although "trade negotiations between the two nations [have been] constantly ping-ponging from seemingly positive to negative throughout the first half of 2019," the longer-term case behind EEM still holds weight. Given that "29% of the ETF's portfolio is comprised of Chinese stocks, with the remaining big-time allocations based in South Korea (12%), Taiwan (11.7%) and India (9.4%)" it's possible that if the trade war comes to an end or, at the very least, if the dynamic between the U.S. and China improves, then EEM could start to rise even higher. * 7 Retail Stocks to Buy for the Second Half of 2019 While it's too soon to determine if it can make a strong comeback this year, EEM still might be a solid choice for investors with a longer-term perspective.Read more about the EEM ETF here. Best ETFs for 2019: SPDR Gold Trust (GLD)Investor: Kent Thune Expense Ratio: 0.40% YTD Gains: 10%Originally at the No. 10 spot to end Q1, Kent Thune's pick, the SPDR Gold Trust (NYSEARCA:GLD), has managed to make solid progress at the half way mark of 2019. Now in the No. 6 spot, Thune expects GLD to continue its success as the year comes to an end."In the first half of 2019, investors were rewarded for taking market risk. But the second half could be a completely different story," Thune wrote. "If Q2 2019 is any indication, gold has the momentum as GLD was up 9% and the SPDR S&P 500 (NYSEARCA:SPY) was up 3% for the quarter, coming into the final week of June."As Thune explains, investors are demonstrating general positivity in the markets, while gold hoarders see things differently, making both gold and stocks seem strong right now. But given that gold is considered a reliable safe haven in difficult times, we can expect the GLD ETF to rise higher if markets do indeed take an ugly turn at the end of the year.Read more about the GLD ETF from Thune here. Financial Select Sector SPDR Fund (XLF)Investor: Dana Blankenhorn Expense Ratio: 0.13% YTD Gains: 16%So far this year, the Financial Sector Spider ETF (NYSEARCA:XLF) -- Dana Blankenhorn's pick for the best ETFs of 2019 contest -- has been a solid performer. While the bank ETF might not have made it to the No. 1 spot yet, Blankenhorn is content with the fund's success so far and expects more good things to come as the year goes by."Hope for a comeback lies in consolidation," Blankenhorn wrote. "It all comes down to a new sobering reality. Banks are about to become the new stock market casino. But casinos make good money." * The 7 Best Long-Term Stocks to Buy for 2019 and Beyond While Blankenhorn acknowledges that some bank stocks face growing pains as they struggle to come to terms with general developments in technology and the new ways we spend/handle money, a part of this necessary growth will be acquisitions, which in turn, will lead to speculation of more takeovers. As such, Blankenhorn believes it's only a matter of time before the growing hype in bank stocks will make XLF owners a lot more money.Read more about the XLF ETF from Blankenhorn here. Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ)Investor: Tom Taulli Expense Ratio: 0.68% YTD Gains: 24%The ride for the Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ) -- Tom Taulli's selection for best ETF in 2019 -- hasn't gone as smooth as anticipated. But regardless of a few roadblocks, the AI/Robotics ETF is still up more than 20% YTD and the high-tech theme still holds plenty of long-term promise.While pointing out some of the headwinds BOTZ has faced this year, such as "disrupted global supply chains" thanks to the trade war between China and the U.S. and increasing challenges in "introducing new products," Taulli maintains that he's still optimistic about BOTZ."I'm still bullish on AI/Robotics. These technologies are likely to lead to leaps in progress across many industries. For example, IDC predicts that spending on AI will jump from $24 billion in 2018 to $77.6 billion by 2022 and the spending on robotics/drones will go from $115.7 billion to $210.3 billion," he wrote. "[W]hile the BOTZ ETF might not win the best ETFs competition, I still wouldn't call it a complete loser despite its disappointments."Read more about the BOTZ ETF from Taulli here. Invesco Water Resources ETF (PHO)Source: Shutterstock Investor: James Brumley Expense Ratio: 0.62% YTD Gains: 26%According to James Brumley, water is "the trade no one saw coming."So far, his pick, the Invesco Water Resources ETF (NASDAQ:PHO), has been a top performer among the other ETFs in this contest. Up 26% since the end of June, the concept behind this fund is that as America strives to improve its water infrastructure amid a constant decrease in water quality, its holdings will see a boost.In Brumley's words: "Some the country's biggest and most-established cities … are running out of water as natural, treatable sources of it are literally and figuratively drying up," which has led to an estimated $1 trillion worth needed to help solve the problem over the next couple of decades. And many of PHO's holdings will be the companies that "are well-positioned to capture more than their fair share of that spending." * 10 Best Stocks for 2019: A Volatile First Half Although it took some time for PHO to start flowing well into the green (Brumley picked PHO for last year's best ETFs contest but it didn't win), it now has a clear shot to be one of the best ETFs to buy this year. And in Brumley's assessment, the "the ebbs [in PHO] are hurting a little less than they do the broad market, and the flows are helping a little more."Read more about the PHO ETF from Brumley here. Pacer Benchmark Data & Infrastructure Real Estate ETF (SRVR)Investor: Robert Waldo Expense Ratio: 0.60% YTD Gains: 27%My pick for InvestorPlace's ETF contest, the Pacer Benchmark Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR), has consistently been at the top this year, and I expect it to continue this success.While I don't necessarily see another 30% or so increase in the books over the next six months for SRVR, I still think the 5G infrastructure ETF has plenty of remaining strength to help it take the throne. As I pointed out recently, SRVR is "a real-estate play on the 5G catalyst with holdings that will mostly succeed over the long-term, even without the inevitable 5G boost."It can continue to run higher based on the roll out of 5G, but many of its holdings are also needed to help our technologically advanced world operate efficiently. And that's precisely why I think it has what it takes to come out on top this year: "It's a win-win scenario at a time when we are facing countless uncertainties."Read more about the SRVR ETF here. iShares US Home Construction ETF (ITB)Investor: Vince Martin Expense Ratio: 0.43% YTD Gains: 27%At the midpoint of 2019, Vince Martin's choice of iShares Dow Jones US Home Const. ETF (BATS:ITB) has taken the No. 1 spot, still neck and neck with the SRVR ETF. His choice of the home construction ETF was based on the fact that housing stocks took a massive hit in 2018, despite the headline buzz not justifying the devastating investor reaction.Although Martin doesn't anticipate that ITB can run significantly higher this year, and he cites several challenges bearing down on the home-building space now, he still believes there's reason to be bullish: "With some help from lower interest rates, which would lower mortgage costs, and economic strength, it could re-take … [its 2018] highs, suggesting another 20% or so in upside."While the end-year success of Thune's pick in GLD relies heavily on market conditions worsening, much of the enduring strength of Martin's ITB relies on the continuation of a healthy U.S. economy. * 7 Retail Stocks to Buy for the Second Half of 2019 Ultimately, a clearer victor might be in sight as we reach the end of this quarter, but for now, ITB is still holding strong as one of the best ETFs in 2019.Read more about the ITB ETF from Martin here.Robert Waldo is a Web Editor at InvestorPlace. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Shining Silver and Gold Stocks to Buy Right Now * 10 Best S&P 500 Stocks to Buy For the Rest of 2019 * The 7 Best Acquisitions of 2019 The post 10 Best ETFs for 2019: The Race for 1 Intensifies appeared first on InvestorPlace.
Gold futures climb sharply on Wednesday to log their highest finish in a week, as the U.S. dollar weakened on remarks from Federal Reserve Chairman Jerome Powell that were perceived as dovish.
In prepared remarks ahead of his testimony to US Congress, Federal Reserve Chair Jerome Powell leaned toward a dovish stance.
The fear that had increased over the last few days as investors awaited two days of Fed Chair Jerome Powell’s “Humphrey Hawkins” testimony to Congress that commenced Wednesday evaporated rapidly, with the markets jumping to fresh highs as Powell supported the argument for easing monetary policy. In written testimony to the House Financial Services Committee, Powell claimed that business investments throughout the U.S. have languished “notably” recently as uncertainties over the economic outlook persist. “Crosscurrents have reemerged,” Powell said.
While gold prices have backed off some after posting solid gains recently, peaking at $1,422.85 on June 25, some analysts are predicting a rally to $2,000 per ounce by the conclusion of 2019. After a lethargic ...
As gold ETFs, including the SPDR Gold MiniShares (NYSEArca: GLDM) and SPDR Gold Shares (NYSEArca: GLD), rallied last month, holdings of bullion in those funds surged, too. In June, gold traded near its ...
China added another 10.3 tons of gold to its reserves in June, marking the seventh consecutive month during which it added to its reserves.
Brexit Positions Clarified in British Debate So, now Tory voters know what they’re choosing between, in terms of what will actually affect their lives come October 31st other than political platitudes like “uniting the country.” In a debate yesterday between the two remaining Tory candidates to replace current Prime Minister Theresa May as leader of […]The post Market Morning: Powell Pushes Gold, Wozniak Warns on Facebook, Boeing Deliveries Fall appeared first on Market Exclusive.
A strong five-week rally by gold stocks and related ETFs like the SPDR Gold Trust (NYSEARCA:GLD) hit a wall two weeks ago, but it was completely reversed this past week. As it turns out, the Federal Reserve is more or less happy with where interest rates are right now, and the strong June jobs report has quashed inflation worries for now, buying the FOMC some more time.Source: Shutterstock GLD has fallen 3% from its late-June peak, while leading gold stocks like Barrick Gold (NYSE:GOLD) and Newmont Goldcorp (NYSE:NEM) have suffered similar setbacks. In short, the buying that sent gold prices up 30% beginning in early May appears to have been mistimed. * 7 A-Rated Stocks to Buy for the Rest of 2019 Before jumping to conclusions that this is just another false start for gold stocks though -- extending a multi-year streak of false starts -- it would be wise to take a step back and digest another stark reality about the use of gold as a hedge against any sort of financial difficulties. The reality is that, for better or worse, gold never actually behaves as it's "supposed to."InvestorPlace - Stock Market News, Stock Advice & Trading TipsMeanwhile, charts tend to lead views on gold rather than the other way around. Reality CheckGold is allegedly a hedge against inflation. It's also a safe haven against currency turbulence. It's also a preferred holding during economic lulls. And gold prices as well as gold stocks are often viewed as a beneficiary of falling interest rates.Finally, gold prices are expected to rise when the U.S. dollar loses value.All of these moving parts result in one overarching reality: Speculating on gold is mostly a coin toss.That's not a truth a wide swath of gold pundits agree with, though that doesn't change the facts of the matter. Specifically, the presumed relationship between interest rates and gold prices doesn't hold up. Neither does the relationship between gold and inflation. As a result, since interest rates and inflation also impact the actual value of currency, the correlation between gold and the U.S. dollar is wobbly at best.The idea of using gold as a currency hedge may hold some water, though the volatility of exchange rates can be difficult if not impossible to successfully handicap.None of this means that the basic underpinnings of all the aforementioned relationships don't hold any water. They do. I'm simply pointing out that many of the underpinnings are also impacted in unpredictable ways -- often in opposing ways -- by one or more of the other drivers of gold prices.But gold prices are still impacted primarily by speculation.Speculation controlled gold prices between 2010 and 2012, when inflation remained tame and interest rates were steady. The value of the dollar was relatively weak at the time, too, but it was also holding steady, even as gold and gold stocks soared on the presumption that the greenback would lose more value.It didn't.The failure of those factors to ever fully justify the large jump in gold prices ultimately set the stage for a big price pullback by GLD and gold stocks in 2013 and 2014. The U.S. dollar was on the mend at that point, but not to the degree suggested by the gold selloff. The Outlook of GLD and Gold StocksDon't misread my message. While the recent gold rally was thwarted by new perceptions that a rate cut isn't a foregone conclusion and the increasingly clear message that inflation isn't an issue just yet, the rebound efforts could be rekindled.The key is the shape of the chart.Based on the chart of GLD, one can see that the peak from two weeks back may have been destiny anyway. GLD's recent high near $135.50 more or less lines up with peaks from mid-2017 and early 2018. Click to EnlargeAlso note that since the late-2015 low, gold prices have managed to log a string of higher lows. Big swings between the technical floor and ceiling have been the norm, though.And those big swings haven't necessarily been in conjunction with the appropriate changes in interest rates, the dollar's value, or inflation. Assumption and speculation have continued to be responsible for most of the movement of the prices of gold stocks and of GLD.That's not necessarily a bad thing, though. Right or wrong, speculators tend to move in rather predictable patterns that become visibly evident on a chart.In this case, a slide back to the floor near the $114 area wouldn't be out of character for GLD, while a break above the recently-conformed ceiling near $136 would likely spark a melt up. Even if such a bullish thrust is in the cards though, it's unlikely to take shape without a small setback first, which will give the bulls the opportunity for another running start to punch through that resistance.Little to none of that action, of course, will actually have anything to do with the things traders like to pretend control GLD and gold stocks.In other words, if your gut is at odds with the rhetoric, don't be afraid to trust your gut.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks to Buy for the Rest of 2019 * 7 Education Stocks to Buy for the Future of Academia * 5 Stocks to Buy as You Rebalance Your Portfolio The post If You Like Gold Stocks Now, Don't Sweat the Pessimistic Headlines appeared first on InvestorPlace.
Gold ETFs, including the SPDR Gold MiniShares (GLDM) and SPDR Gold Shares (GLD) , have been supported by an array of factors this year, including global central banks' increasing affinity for bullion. Gold ETFs are pushing to upside amid increased expectations of a U.S. rate cut, even as some investors locked in profits from bullion’s recent rally. Gold is believed by many investors to be inversely correlated with interest rates.
Gold Recovers after “Trade Deal Progress” Fall It didn’t take gold (NYSEARCA:GLD) long to recover after declining to $1,384 on Monday on news of the best meeting ever between President Trump and Chinese President Xi Jinping on Monday. Xi promised to buy US agriculture, even though the Chinese government doesn’t actually buy food, but rather […]The post Market Morning: Gold Slingshot, Cannabis Consolidation, Baidu Debacle, Vietnam Tariff Bazooka appeared first on Market Exclusive.
The market expectation of future rate cuts by the Federal Reserve saw gold surpass its 5-year high last week after the central bank said it “will act as appropriate to sustain” economic expansion. Gold prices took a breather by falling below the $1,400 price level to start the trading week, but it could be the precursor to more gains ahead. “What we’re likely to see is some interest in terms of the share price rising, but we’re also going to see a rush of companies running to their bankers hoping to raise money with this increase in the gold price,” said Brent Cook of Exploration Insights.
Gold prices fell below $1,400 per ounce as optimism about resumed trade talks between the U.S. and China sent investors into riskier assets.
Gold ETFs continued to inch higher Friday ahead of a closely observed meeting between the United States and China at the G20 summit, helping gold bullion mark its best monthly performance in three years. The SPDR Gold Shares (GLD) was 0.3% higher Friday and gained 9.5% over the past month. Meanwhile, Comex gold futures were up 0.1% to $1,413.2 per ounce, rising 8.4% this month, on pace for its best monthly percentage gain since June 2016.