|Bid||0.00 x 800|
|Ask||354.64 x 1000|
|Day's Range||354.13 - 359.09|
|52 Week Range||284.45 - 374.10|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.16|
|Expense Ratio (net)||0.24%|
With the markets in recovery mode, the middle-capitalization category and related ETFs have been outperforming the S&P 500 as investors look to a cheap area to jump back into.
For active traders wanting to profit from bearish follow-through after last week's shot over the bow of 2019's massive rally, shorting Roku (NASDAQ:ROKU) stock looks like a winning strategy for our bearish audience. Let me explain.Source: Shutterstock This year's regularly scheduled market broadcast of Bulls Gone Wild was canceled this past Friday. Major averages like the S&P 500 and Nasdaq showed chinks in the bulls' armor on either side of 2%. Bearish theatrics were chalked up to fresh signs the yield curve is warning of a recession. But don't think for a second that bullish investors were overreacting and use Friday as a buy-the-dip opportunity in the markets -- or in over-the-top streaming giant and growth star ROKU stock for that matter.As bad as Friday's programming change may have been for the major indices, the smaller-cap averages associated with bigger growth potential got hammered much harder on the session. That's bad news. Even worse though, the group as a whole, including ROKU stock, has been warning the last couple weeks that bulls have overstayed their welcome.InvestorPlace - Stock Market News, Stock Advice & Trading Tips SPDR Mid-Cap ETFFor its part, the price action in the SPDR S&P Mid-Cap (NYSEARCA:MDY) has struggled after matching its bear-market decline. More troubling, unlike the larger market cap indices, MDY has failed to make a new high since late February. And it gets worse and possibly even more treacherous for ROKU stock bulls. * 7 Marijuana Stocks to Play the CBD Trend The past couple weeks have found MDY falling back below the 200-day simple moving average and the key trend-line acting as resistance, with a lower high pattern emerging. Now and following Friday's bearish technical swipe, shares have narrowly established a lower low formation which confirms a bonafide downtrend in bear territory for the ETF.Bottom line, MDY's technical weakness is likely bad news for a growth stock like Roku, unless you're willing to profit from shorting shares as a bear. ROKU Stock Daily Chart As we can see on the daily chart, ROKU stock, shares have easily outperformed its mid-cap peers both up and down. Last year's correction of 66% and 2019's eye-popping rally of 100%-plus confirm the terror and excitement of being on the right side of how Wall Street perceives growth stocks like Roku.The problem, as detailed above, is that smaller growth names like ROKU stock have already been giving indications that the market's rally has gone too far and is now setting itself up for a larger correction.For their part, shares of Roku are off about 16% from their recent highs as of Friday's close. That's a lot, right? Most likely it's not. If we're right and another correction is just underway in the broader market, a 30% decline or more could come as 2018's technical drubbing proved it is a reality facing ROKU stock. But this would provide windfall profits for bearish short-sellers.For traders agreeable with this outlook, rather than simply watch the action as idle couch potatoes, shorting ROKU stock below $62.50 appears approachable. This slightly below-the-market entry allows for a bit of wiggle room and a clean breakdown of Roku's trend-line from a bear flag pattern without giving away too much profit potential.If a 30% correction is to occur over the coming weeks, ROKU stock would be trading near $52 a share. That's some nice room for profiting from a short position at $62.50.As a decline of this size would also challenge the 200-day simple moving average and with the 50% support level just narrowly below, it's an attractive forecast for bears to consider. And with an initial stop above $68 and the bear flag pattern high, tuning in for a short position in ROKU stock looks even better.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post Youare Late in ROKU Stock -- Unless Youare a Bear! appeared first on InvestorPlace.
S&P 500 exchange traded funds, such as the SPDR S&P 500 ETF (SPY) , iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) , and other broad market ETFs are soaring to start 2019. Smaller stocks are participating as well as highlighted by the early 2019 showings for ETFs, such as the SPDR Mid-Cap 400 (MDY) and the iShares Core S&P Small-Cap ETF (IJR) , which tracks the S&P Small-Cap 600 Index. “In the first seven trading days of 2019, the S&P 500 returned 3.6%, its 12th best start on record since 1928 and best since 2003,” said S&P Dow Jones Indices in a recent note.
Smaller stocks, including mid caps, are usually more volatile than large-cap names. In November, that trend shifted in favor of mid caps as large-cap stocks became more volatile. The SPDR Mid-Cap 400 (NYSEArca: ...
Both the Nasdaq and MidCap indices characterize Roku, the market’s largest over-the-top (OTT) streaming TV provider with its $5.4 billion market capitalization. The very same correction has taken ROKU from a high-water mark gain of 44% to flat on the year.
Investment company Pachira Investments Inc. buys SPDR MidCap Trust Series I, sells Northrop Grumman Corp, Amazon.com Inc during the 3-months ended 2018-09-30, according to the most recent filings of the ...
The SPDR Mid-Cap 400 (NYSEArca: MDY) and other mid-cap exchange traded funds are lagging the S&P 500 this year. Over the long haul, that is not the norm and investors should not gloss over mid-sized companies. ...
Mid-cap stocks and exchange traded funds, such as the SPDR Mid-Cap 400 (MDY) , are lagging their large- and small-cap counterparts this year. Some market observers believe that scenario is poised to change. Mid-cap companies are slightly more diversified than their small-cap peers, which allows many mid-sized companies to generate more consistent revenue and cash flow, along with providing more stable stock prices.
State Street Global Advisors, the asset management business of State Street Corporation, has teamed up with actress, director and business owner Elizabeth Banks to launch a series of podcasts to raise awareness of the strong performance of several mid-cap companies that make up the SPDR® S&P MIDCAP 400 ETF (MDY) . The series, entitled "Crazy Enough to Work," was directed by David Gordon Green and explores how several companies with a market cap range of $1 billion to $8 billion began, overcame obstacles and remain relevant as the world changes around them. During several frank discussions and fun experiences, Elizabeth Banks investigates and uncovers unexpected moments about how these companies have influenced and inspired their customers and employees.
Sometimes, an excellent investment opportunity seems to hide in plain sight. Exchange-traded funds (ETFs) that track U.S. mid-cap companies may be one of those missed opportunities, according to a recent report by Bloomberg Businessweek. Indeed, Bloomberg Intelligence ETF analyst Eric Balchunas says that MDY would be the best bet among any ETF in history based on performance.
Mid-cap stocks and exchange traded funds, such as the SPDR Mid-Cap 400 (NYSEArca: MDY), off the potential to outperform large-caps with less volatility than small-caps over the long-term, but many investors ...
The Nasdaq Composite, on the other hand, reached its upside objective of 7600 in January and has been consolidating below that level ever since. Was that the move, and now we reverse from this key extension target? Or should we instead focus on the fact that the Nasdaq just went out at an all-time monthly closing high, which is a characteristic of an uptrend, not a downtrend?
The Conference Board Leading Economic Index (or LEI) has ten constituent indicators, and all but one of these forward-looking indicators is based on expectations. This economic indicator used in the construction of the LEI is based on consumer expectations. This economic indicator is based on two different consumer surveys.
Whether you have your heart set on Apple or Facebook, Alibaba or Baidu, or a domestic vs. foreign stock, you can access them all via ETFs.
One of the ways that you can hedge your long-term position is by selling covered calls. Selling covered calls is a options trade in which you agree for another investor to buy a given stock or ETF from you that you own at a particular strike price on or before the contract expiration date. Usually the stock is not sold — also known as called away — unless the closing price of the stock or ETF is above the contract strike price on the contract expiration date.
What Do March Leading Indicators Signal for the US Economy? The Conference Board Leading Economic Index (or LEI) has ten constituent indicators, and all but one of these forward-looking indicators are based on expectations. The average consumer expectations for business is not a forward indicator as it is derived using expectations, rather than any economic indicator.