|Bid||199.58 x 200|
|Ask||199.72 x 100|
|Day's Range||200.41 - 207.47|
|52 Week Range||149.17 - 207.47|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
The Institute for Supply Management (or ISM) publishes a monthly manufacturing (ITA) report that gives insight into manufacturing activity in the US. The key reason for the drop in the manufacturing (IGA) index was the decline in employment and new domestic and export orders.
How will the U.S.-China tariffs affect ETFs holding stocks that are caught in the trade war crossfire?
Aerospace and defense ETFs, including the iShares U.S. Aerospace & Defense ETF (BATS: ITA), are being hampered by increasing trade tensions between the U.S. and China with Boeing Co. (NYSE: BA), a major ...
The latest report from the US Department of Commerce, which was released in December 2017, indicated that the United States is the largest steel importer in the world, and Canada is the largest source of imports of steel and aluminum into the United States. Other countries that are major exporters to the United States are the European Union, South Korea, Mexico, and Brazil.
The Zacks Analyst Blog Highlights: First Trust NASDAQ, Guggenheim Solar, iShares U.S. Aerospace, Spirited Funds and iShares U.S. Consumer
Non-defense core capital goods (excluding aircraft and defense purchases) are a proxy for spending by industries. Increased capital expenditure by industries (XLI) is a positive sign as the management would do so only if they are expecting increasing demand, thus making this indicator a forward-looking indicator. This economic indicator has a weight of 4% in the LEI.
The number of hours worked by manufacturing workers is included in the monthly establishment survey that is published by the US Bureau of Labor Statistics. This survey tracks the changes in the number of working hours in the manufacturing (ITA) sector. The increasing number of working hours reflects a higher demand for the products from the manufacturing (FXR) sector, and this rising number of manufacturing working hours is a positive sign for the economy because it indicates that the demand for manufactured goods is increasing.
A government budget deficit occurs when an economy’s annual revenue is less than its total expenditure. For fiscal 2019, the US Congressional Budget Office estimates the US budget deficit at $985 billion, where the expected revenue stands at $3.422 trillion while the budgeted expenditure was $4.407 trillion. The government spending is divided into mandatory and discretionary spending.
Bitcoin prices have been recovering of late, making a newly launched category of Blockchain ETFs attractive for our readers. Inverse equity ETFs were second in the list as the global market recovery is underway. MLPs are becoming attractive again thanks to rising oil prices. Technology equities and aerospace & defense close the list. Check out our previous Trends edition at Trending: Market Slump Triggers Meltdown of Volatility Products.
Key market index funds reversed higher Wednesday as FANG stocks boosted the tech-heavy Nasdaq 100 and corresponding QQQs..
Aerospace and defense ETF investors will be closely watching President Donald Trump’s proposed $4.4 trillion federal budget as it includes a sizable increase in Pentagon’s budget. Trump’s new spending ...
The U.S. federal government shut down for the second time in a month Friday, but it was back up and running before most Americans woke up. President Donald Trump signed a bipartisan budget deal in the ...
The first market sell-off in two years has directed attention to inverse equities ETFs, which took first place in the list. Infrastructure ETFs are again in vogue after U.S. President Trump said he will focus his efforts on devising a spending package to fix the country’s crumbling bridges and airports. Amid an unassertive flight to safety, gold ETFs took third place in the list, while volatility was last. Aerospace & defense ETFs also trended, taking fourth position. Check out our previous trends edition at Trending: Netflix Hits $100 Billion Mark After Record-High New Subscribers.
What Boosted the Leading Economic Index in 2017? Non-defense core capital goods exclude aircraft and defense purchases and are a proxy for spending by industries. This economic indicator has a weight of 4% on the Conference Board LEI.
Boeing (NYSE: BA) shares advanced the most in six months, hitting all-time highs and lifting related ETFs, as the planemaker expects record aircraft deliveries this year. The world’s biggest plane maker ...
The US Bureau of Economic Analysis’s recently released advance estimate for 4Q17’s GDP indicates that the US economy grew 2.6% during the quarter, considerably lower than 3Q17’s growth of 3.2%. While markets (SPY) grumbled about the decline in economic growth, the decline should not be a reason to worry. Although GDP growth appears to be below 3%, recent macroeconomic data from the US suggests improvement in the economy.
The U.S. Bureau of Labor Statistics releases a monthly report that tracks the price trends in wholesale markets. The manufacturing industries (XLI) in the US are surveyed to collect the required data to construct the PPI (producer price index). The changes in raw material prices, production levels, and the finished goods inventory are recorded in this report.
Are We Heading toward a Government Shutdown? After the Democratic victory in Alabama last month, Republican strength in the Senate has dropped to 51, and Republicans would need nine Democrats to back this debt ceiling legislation to avoid a shutdown. President Trump pulled off a last-minute deal in September to get temporary government funding that runs out on January 19.
The splendid run of the Dow Jones Industrial Average since Trump’s win in the presidential election is known to all. In its northbound march, the blue-chip index crossed 25,000 for the first time in its 120-year history on Jan 4 and was just 200 points away from hitting 26,000 as of Jan 12, 2018. The index breached the 20,000-mark on Jan 6, 2017 and the rest is history.Source: Shutterstock