125.39 -0.11 (-0.09%)
After hours: 7:13PM EST
|Bid||125.39 x 1200|
|Ask||125.60 x 1300|
|Day's Range||125.39 - 125.95|
|52 Week Range||111.06 - 129.47|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.02|
|Expense Ratio (net)||0.40%|
Following some forgettable performances last year, commodities are rebounding in 2019 and precious metals funds are among the leaders. One precious metals ETF that provides basket exposure to multiple precious metals, including gold and silver, is higher by nearly 6% year-to-date.Depending on an investor's objectives and risk tolerances commodities can represent up to 5% of well-balanced portfolios. Precious metals funds, be they ETFs or mutual funds, make accessing the asset class more efficient and, in many cases, less expensive.Additional benefits of precious metals funds, such as the SPDR Gold Shares (NYSEARCA:GLD) and the iShares Silver Trust (NYSEARCA:SLV), include the ability to fight inflation and take advantage of a weaker dollar. A drawback to investing in precious funds where the underlying asset is the metal itself is the fact that these funds do not pay dividends or coupon payments, meaning investors are entirely dependent on capital appreciation.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 High-Growth Stocks to Buy Now for Monster Returns For investors considering precious metals funds, here are some intriguing ideas to consider. Invesco DB Precious Metals Fund (DBP)Expense ratio: 0.78% per year, or $78 on a $10,000 investment.The Invesco DB Precious Metals Fund (NYSEARCA:DBP) is an index-based precious metals fund, meaning it does not directly hold positions in gold, silver or other metals. Rather, this 12-year old fund follows the DBIQ Optimum Yield Precious Metals Index Excess Return Index.DBP "is designed for investors who want a cost-effective and convenient way to invest in commodity futures. The Index is a rules-based index composed of futures contracts on two of the most important precious metals -- gold and silver," according to Invesco.Gold and silver are the only metals represented in DBP, which makes sense for a futures-based strategy because those are the two most heavily traded precious metals futures. The rub with DBP and other futures-based funds is that these strategies usually carry high expense ratios and that is the case with this precious metals fund. DBP is up almost 4% this year. Aberdeen Standard Physical Precious Metal Basket Shares (GLTR)Expense ratio: 0.60% per year, or $60 on a $10,000 investment.The Aberdeen Standard Physical Precious Metal Basket Shares (NYSEARCA:GLTR) is the ideal precious metals fund for the investor that wants in on this asset but cannot decide on a single metal to invest in.GLTR solves that conundrum by featuring physical exposure to gold, silver, palladium and platinum. At the end of last year, GLTR allocated over 80% of its weight to gold and silver, but its exposure to palladium and platinum make for a more diverse option than the aforementioned DBP. * 3 Gold Stocks Percolating Right Now GLTR has been getting a tailwind from high-flying palladium over the past 12 months, but at times when gold is the only precious metal trading higher, investors should expect this precious metals fund to lag dedicated gold funds. SPDR Long Dollar Gold Trust (GLDW)Expense ratio: 0.50% per year, or $50 on a $10,000 investment.One of the biggest risks to precious metals funds and investors owning those funds is the dollar. Precious metals, like all commodities, are denominated in dollars, meaning that when the dollar is strong, commodities typically falter.The SPDR Long Dollar Gold Trust (NYSEARCA:GLDW) is one of the first ETFs to address that scenario. GLDW follows the Solactive GLD Long USD Gold Index. That benchmark "is designed to represent the daily performance of a long position in physical gold and a short position in a basket comprised of each of the Reference Currencies," according to State Street.GLDW's reference currencies are the currencies are the euro, Japanese yen, British pound sterling, Canadian dollar, Swedish krona and Swiss franc.This precious metals fund is doing its job. Over the past year, the dollar has been mostly stronger, sending the aforementioned GLD lower by almost 2%, but GLDW is higher 10.80% over that period. GraniteShares Gold Trust (BAR)Expense ratio: 0.1749% per year, or $17.49 on a $10,000 investment.As the funds highlighted above confirm, precious metals funds carry higher expense ratios than many equity or fixed income ETFs. However, the battle for lower fees is making its way to the commodities space and the GraniteShares Gold Trust (NYSEARCA:BAR) is leading that charge.Since debuting in August, BAR has lowered its expense ratio multiple times in an effort to become the least expensive gold ETF on the market, an attractive trait for buy-and-hold investors. With an expense ratio of 0.1749% per year, BAR is cheaper than rivals such as GLD and the iShares Gold Trust (NYSEARCA:IAU). * 7 Healthy Dividend Stocks to Buy for Extra Stability BAR's efforts to lure cost-conscious investors are proving successful. The precious metals fund has $467.64 million in assets under management, $132.50 million of which have flowed into the fund this year. VanEck Merk Gold Trust (OUNZ)Expense ratio: 0.40% per year, or $40 on a $10,000 investment.Critics of traditional gold ETFs and precious metals funds assert that these funds are really just paper investments because when you depart the funds, you receive cash as you would with any other investment. The VanEck Merk Gold Trust (NYSEARCA:OUNZ) takes a different approach.OUNZ "provides investors with a convenient and cost-efficient way to buy and hold gold through an exchange traded product with the option to take physical delivery of gold," according to VanEck.OUNZ is not a gimmick. The fund actually has delivered physical gold to investors in its almost five years on the market.Todd Shriber owns shares of IAU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Hot Stocks For Goldman Sachs' New Investing Strategy * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now Compare Brokers The post 5 Precious Metals Funds for Buy-And-Hold Investors appeared first on InvestorPlace.
Newmont Mining's Q4 Results Beat Estimates, Stock RisesNewmont Mining’s fourth-quarter resultsNewmont Mining (NEM) reported its fourth-quarter earnings results before the market opened on February 21. The company reported EPS of $0.40, which
For many investors, gold is the standard in precious metal investing, which has become more accessible than ever thanks to options via an exchange-traded fund (ETF) wrapper like the SPDR Gold MiniShares (GLDM) . In 2018, rising interest rates that coincided with an extended bull run in U.S. equities for most of the year fueled a strong dollar, tamping down gains for gold. Adding precious metals to a portfolio certainly speaks to the diversification benefits of gold, among other things.
Gold prices were rising again as scared investors seek refuge from paltry bonds yields. The top catalyst for the bounce in bullion prices is the change in tack by the Federal Reserve. Whereas a few months ago investors generally expected multiple increases in the cost of borrowing during 2019, that's now changed and it is even possible that the Fed could cut interest rates later this year if the economy looks weak enough to warrant such a change.
What’s in the Cards for Newmont Mining’s Q4 Results?Newmont Mining’s earnings Newmont Mining (NEM) is scheduled to release its Q4 2018 earnings on February 21 before the market opens. The company will hold a conference call the same day at
5 of Top 10 Income Growth Cities Are Right Near Alphabet, Apple Headquarters Median income growth in San Francisco over the last 5 years has been over 30%. In Fremont it’s 23%, and in Oakland 22%. Those are the top 3 cities for median income growth in the United States, and they are all in […]The post Market Morning: Incomes Explode Near Google, Apple; Fed Minutes Nailbiter, Ford Reshuffle, Gold Jumps appeared first on Market Exclusive.
Investors are back from a three-day weekend and apparently, they're feeling bullish. U.S. stocks are up modestly on Tuesday, likely on the fact that we didn't get any significant negative news over the weekend. The key now will be to see how they trade throughout the week. Thankfully, we have some top stock trades setting up nicely. Apple (AAPL) Click to EnlargeLet's start with one of Wall Street's biggest: Apple (NASDAQ:AAPL). The tech giant has seen its stock rebounding since it reported earnings a few weeks ago. Negative iPhone stories and news that Warren Buffett lightened up (albeit barely) on his Apple position haven't been enough to knock this one down.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat bodes well for bulls when a stock holds up despite negative headlines. In any regard, we have some super tight consolidation in this name. It increases the odds for a big move, although that can go in both directions. * The 10 Best Cheap Stocks to Buy Right Now Should shares break down, I would look for $165 to step in as support. Not only is uptrend support (purple line) in play, but so is the 50-day. On the upside, I'm looking for a breakout over the $172 area, sending AAPL to $175 and perhaps $185. Weight Watchers (WTW) Click to EnlargeA JPMorgan downgrade dinged Weight Watchers (NASDAQ:WTW) on Tuesday, but the stock is doing a heck of a job rallying off the lows. Still, bulls ought to be careful. This one is in as clear a downtrend as I've ever seen.Until WTW can pierce through the 21-day moving average and get over downtrend resistance (black line), it will remain a no-touch for me. At least from the long side. Rallying off the lows is promising, but keep in mind that WTW made new 52-week lows this morning. Facebook (FB) Click to EnlargeShares of Facebook (NASDAQ:FB) are pulling back after the stock's powerful post-earnings rally in late-January. The stock nearly hit the 21-day moving average, an area that is now likely support given the recent bullish action in the name.Further, uptrend support (blue line) should help buoy the name provided the market does not come under significant pressure this week. Should it hold, we could see FB stock rally back to its post-earnings highs near $172. * 10 Small-Cap ETFs That Pack a Wallop Below $157.50 though, and $147.50 to $150 becomes more likely. Intercept Pharmaceuticals (ICPT) Click to EnlargeShares of Intercept Pharmaceuticals (NASDAQ:ICPT) are somewhat of a mixed bag on Tuesday -- at least from a technical standpoint. While shares are up almost 7% on the day following positive Phase 3 clinical trial results, they are well off the session highs.The $130 level is clearly acting as resistance, as ICPT briefly pierced this mark and then pulled back aggressively. It would be very constructive for ICPT to hold up over the $110 level. While testing that mark would mean a break below the 21-day moving average -- which is acting as support on Tuesday -- it would mean that uptrend support and the 50-day moving average are still intact as support.So long as ICPT is over the 50-day, I like its chances of retesting $130. Below and the 200-day moving average is possible. Gold (GLD) Click to EnlargeThe SPDR Gold ETF (NYSEARCA:GLD) is jumping on Tuesday, climbing more than 1.4% on the day. The rally is launching the GLD ETF to new multi-month highs.The move over $123 in January has ignited a bevy of buying, particularly once this notable level began serving as support earlier this month. With uptrend support (albeit a bit steep now) and the 21-day moving average also acting as support, GLD looks good to challenge resistance near $128 to $130. * 7 Quant Funds That Could Outperform Broader Markets Given that the RSI is already over 70, I expect this level to act as resistance on GLD's first test -- provided that it can get there in the first place. Consolidating and/or pulling back wouldn't be bearish and would give GLD another shot at a big-time breakout. Below $123 though and that tone changes dramatically.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, he was long AAPL. Compare Brokers The post 5 Top Stock Trades for Wednesday: Apple, Facebook and Gold appeared first on InvestorPlace.
Technically speaking, the major U.S. benchmarks continue to grind higher amid persistently bullish, and increasingly consequential, February price action, writes Michael Ashbaugh.
Honda Is Shipping Out of the UK Honda (NYSE:HMC) is packing up and closing its Swindon factory by 2022, insisting that it has nothing to do with Brexit. The fact that it’s closing in 2022 and not, like, right now before Brexit takes place illustrates that Honda was probably looking for an excuse to get […]The post Market Morning: Honda Flees UK, Trump Sued, Metals Fly, JPMorgan Goes Crypto appeared first on Market Exclusive.
Yamana Gold: What's in the Cards for Q4 2018 Results?Yamana Gold’s performance Yamana Gold (AUY) stock has outperformed its peers (GDX) year-to-date. Until February 12, the stock has gained 12.5% against Agnico Eagle Mines’ (AEM), Kinross
As President Trump meets with China's top trade official, investors watch carefully. RiverFront Investment Group Chief Market Strategist Kevin Nicholson joins Yahoo Finance with his take.
Yahoo Finance’s Adam Shapiro and Scott Gamm join State Street Global Advisors Head of Gold Strategy George Milling-Stanley to discuss the growth of gold in emerging markets.