165.49 +0.29 (0.18%)
After hours: 7:59PM EST
|Bid||165.52 x 900|
|Ask||165.53 x 800|
|Day's Range||164.25 - 168.70|
|52 Week Range||150.13 - 187.53|
|PE Ratio (TTM)||9.30|
|Beta (3Y Monthly)||1.19|
|Expense Ratio (net)||0.20%|
“What if you knew how much your data was worth to Facebook, on a monthly basis,” Senator Warner asked.
BAML (Bank of America Merrill Lynch) conducted a survey that polled 225 global investors with $641 billion in total assets under management between November 2 and November 8.
US equity markets (QQQ) rose sharply after President Trump’s election in 2016. President Trump’s market-friendly policies like lowering regulations and cutting taxes were positive for the markets. The tax cut helped US companies’ 2018 earnings.
US equity markets saw a sharp sell-off last month and pared some of their 2018 gains. November hasn’t been much better. Broader equity markets are still below their 2018 highs. Among the broader market ETFs, the SPDR S&P 500 ETF (SPY) has gained 0.5% in November. SPY has risen 3.3% in 2018 based on the closing prices on November 13. However, the Invesco QQQ ETF (QQQ) has lost 1.9% in November.
Everything is Down Again US stock futures, Asian (except Japan), and European equities are all down today, together with oil yet again, in what is now a record slide in intensity. The US Dollar is flat. The S&P 500 is now decisively below its 200 day moving average. Italian bond are down again this morning, […] The post Market Morning: Everything Is Down, Brexit Agreement, Trump Cornered, Saudi Sanctions? appeared first on Market Exclusive.
And just like that, Qorvo (QRVO), supplier of RF Apple components corroborates Lumentum’s story (LITE) of supply chain cuts. December revenue guidance goes to $800-$840 million vs. consensus at $892 million. EPS goes to midpoint of $1.70 versus the street at $1.95.
The last couple of months have been volatile for the markets in general and tech stocks in particular. For example, the NASDAQ Composite Index (QQQ), the proxy for the performance of technology stocks, has fallen ~10% since the beginning of October. In the rising interest rate scenario, investors are worried about whether high-flying tech stocks will be able to continue their growth.
Over the past year or so, smart-beta ETF pioneer Invesco has rebranded itself, made two high-profile acquisitions and launched at least a dozen new funds.
Please click here for the chart of the core Producer Price Index (PPI) through October. Core PPI excludes food and energy. At The Arora Report we use core PPI in our timing model that has inputs in 10 categories.
One can only assume that the large customer is Apple Inc. (Nasdaq: AAPL), and this idea finds support in the report “Apple warns suppliers of 20% drop in new iPhone parts orders,” published by Nikkei Asian Review back on June 8. In the report, the authors stated that Apple had “asked its supply chain to prepare around 20% fewer components for iPhones debuting in the latter half of 2018,” so it looks like their information was spot-on once again.
Gold miners as a whole are looking inexpensive compared to broader equities. The average ratio of the NYSE Arca Gold Miners Index (GDX) and the S&P 500 Index (SPY) is 0.20 compared to the ten-year average of 0.68. While broader equities’ valuations have continued to increase, the valuations of gold stocks haven’t kept the pace, and the ratio has fallen.
Concerns about China’s economic growth have been among the key factors that spooked investors in 2018. The country’s economic growth rates have cooled off. President Trump has slapped tariffs on $250 billion worth of goods from China.
Major U.S. indexes ticked higher on expected news from the polls and the Fed. Here are some levels to watch out for in the week ahead.