SPY - SPDR S&P 500 ETF
| Previous Close | 301.29 |
| Open | 0.00 |
| Bid | 0.00 x 1200 |
| Ask | 0.00 x 1400 |
| Day's Range | 300.68 - 302.17 |
| 52 Week Range | 233.76 - 302.46 |
| Volume | 62,104,838 |
| Avg. Volume | 69,633,376 |
| Net Assets | 262.24B |
| NAV | 301.13 |
| PE Ratio (TTM) | N/A |
| Yield | 1.85% |
| YTD Return | 21.61% |
| Beta (3Y Monthly) | 1.00 |
| Expense Ratio (net) | 0.09% |
| Inception Date | 1993-01-22 |
- GuruFocus.com
The Largest Canary in a Very Big Coal Mine
In Part 3 (the final segment) in the series, I discuss a case that symbolized nearly all of the flawed thinking during the 2007 to 2009 market crash Continue reading...
- Investopedia
What to Expect for the Markets Next Week
The Federal Reserve's decision on interest rates on Wednesday and manufacturing reports out of the U.K. are in focus this week.
- Investopedia
U.S. Housing Market Poised to Jump on Rate Cuts
Interest rate cuts by the Federal Reserve have sent mortgage rates down, putting home sales, and home prices, on an upswing.
- Investopedia
Fears Nag Investors as Stocks Reach High-Water Mark
Volatility is elevated as the S&P 500 stalls near historic highs, while the software industry is oddly not participating in the recent rebound.
- GuruFocus.com
Brandes Funds Commentary - Dangerous Thinking: This Time Is Different
'The four most costly words in the annals of investing' Continue reading...
- InvestorPlace
Stock Market Today: Don’t Get Me Started on the WeWork IPO
It was another good day in the stock market today, as equities pushed higher in Friday morning trade. It's not hard to see that bulls are getting tired though, as equities faded off their opening highs.The SPDR S&P 500 ETF (NYSEARCA:SPY) fell 0.1%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) rallied 0.1% and the PowerShares QQQ ETF (NASDAQ:QQQ) dropped 0.4%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe rebound in equities has been a continuous story line for investors over the past two weeks. And so have the disastrous developments of the WeWork IPO. What's Up With WeWork?WeWork is a real estate company that provides shared office spaces for startups and other businesses.The idea of WeWork is an excellent alternative to building and office leases, providing startups, potential clients and teams a rich collaborative environment. But that's not how investors are looking at it. In short, they don't trust WeWork.Earlier this year, SoftBank (OTCMKTS:SFTBY) threw money at WeWork, valuing the cash-burning entity at $47 billion after it invested $2 billion. Now? Reports of a continually lower IPO valuation keep circulating. The latest calls for a $10 billion IPO valuation -- a whopping 78% reduction from the valuation it garnered when SoftBank invested -- and that's after SoftBank said the company should shelve its IPO plans.It's just the latest example of another private-equity unicorn garnering a valuation way ahead of its skis and paying the piper in the public market. Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) paid the price right out the gate, and while it took some time, Slack (NYSE:WORK) is suffering too.Accord to WeWork's U.S. Securities and Exchange Commission Form S-1, the company reported sales of $436 million in 2016, $886 million in 2017 and $1.8 billion in 2018. That's pretty solid growth. However, operating losses have exploded. WeWork had operating losses of $396 million in 2016, $931.8 million in 2017 and $1.7 billion last year.In the first six month of 2019, WeWork has revenue of $1.5 billion and operating losses of $1.4 billion. How is this model sustainable? Further, its structure couldn't be more complicated. Have a look (again, from the S-1):Finally, co-founder and CEO Adam Neumann raises some red flags. For instance, by buying properties and then leasing them back to his own company. Or Neumann being a managing member of an LLC that owned the "We" trademark that then sold said trademark to WeWork when it rebranded as The We Company for a cool $5.9 million.I don't know Neumann personally -- obviously -- but what kind of founder-CEO does this type of stuff? There are 10 pages of disclosures on Neumann in the S-1, who has voting control via a three-class share structure. In June, three former executives launched a lawsuit against We ranging from sexual harassment to age discrimination.Lastly, We saw its lease obligations jump from $34 billion to $47 billion in the first six months of 2019. How's the company going to cover those obligations as its operating losses swell and without free cash flow? What's it going to do when -- not if -- a recession strikes, either in the U.S. or globally, or both?These are serious questions that need serious answers. I'm not trying to dog on We, but man, you do not see a pre-IPO show turn into a circus act with a near-80% haircut in valuation without there being some serious flaws.If this company ultimately goes public, be sure to do your due diligence. Movers in the Stock Market TodayOne IPO that's not disappointing investors -- like SmileDirectClub (NASDAQ:SDC) on Thursday -- is Cloudflare (NYSE:NET). Shares jumped 20% on the day, closing at $18. Despite pricing at $15 per share, well above its original $12-$14 range, shares still found a bevy of buyers on Friday.Apple (NASDAQ:AAPL) stock sank 1.9% on Friday, after enjoying strong gains for most of the week. Despite rallying after unveiling its new iPhone, streaming plans and other products on Tuesday, not everyone is on board.One Rosenblatt analyst sees lower demand for the iPhone 11 and argues that sales could disappoint. He has a "sell" rating and Street-low $150 price target. Another analyst from Goldman Sachs says that Apple's plan to offer one year of Apple TV+ for free when customers purchase certain new devices could have a "material negative impact."Finally, one last analyst take is on Disney (NYSE:DIS). Remember, Disney, Netflix (NASDAQ:NFLX) and Roku (NASDAQ:ROKU) all fell when Apple announced its new streaming product.However, analysts at Cowen noted that Disney's strength at the box office this year could make for a very difficult comp next year. To be honest, it's hard to argue that point, but Cowen must still be optimistic, maintaining a $154 price target.Next week we'll hear from the Federal Reserve. Not more than a few weeks ago, the market was pricing in a 100% probability of at least one rate cut. Even on Thursday, the odds stood at about an 89% probability of a rate cut and an 11% chance of no cut. On Friday, the odds of no cut jumped to 20.4%. Hmm.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long DIS and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Stock Market Today: Donat Get Me Started on the WeWork IPO appeared first on InvestorPlace.
- Yahoo Finance
Stock market news: September 13, 2019
The Dow posted an eighth consecutive session of gains amid further signs of de-escalation in the U.S.-China trade war.
- ETF Trends
Trade Hopes, Growth Concerns Keep U.S. Stock ETFs in Muted Action
U.S. markets and stock exchange traded funds meandered on Friday as optimism over progress in the trade war with China was pared down by lingering uncertainty over global growth. On Friday, the SPDR Dow Jones Industrial Average ETF (DIA) rose 0.2% and SPDR S&P 500 ETF (SPY) was flat. Global equities have been pushing higher this week on hopes of easing trade tensions between the U.S. and China, along with expectations of looser monetary policies from global central banks, recovering some of the lost ground experienced over a volatile August.
- GuruFocus.com
Charlie Munger: The Lollapalooza Effect and How It Affects the Stock Market
Beware of media-created cognitive biases Continue reading...
- Zacks
Should Xtrackers Russell 1000 Comprehensive Factor ETF (DEUS) Be on Your Investing Radar?
Style Box ETF report for DEUS
- Benzinga
US Deficit Tops $1 Trillion For First Time In 7 Years
The federal budget deficit has topped $1 trillion for the first time in seven years, the Treasury Department said. Expenses in August eclipsed incoming revenue by $214 billion this month, taking the government’s total shortfall to just under $1.07 trillion, the government reported Thursday. The growing deficit has also pushed up the national debt, the amount owed by the country to creditors to cover the difference between revenue and expenses.
- Zacks
Retail Sales & Imports/Exports Reflect Ongoing Trade War
August Retail Sales reached +0.4%, easily surpassing the +0.1% estimate. Imports fell to -0.5% and Exports were -0.6%.
- Investopedia
The $250 Trillion Debt Problem Could be Catastrophic
Debt owed by governments, businesses, and households has shot up by almost 50% worldwide since the financial crisis, far outpacing economic growth.
- Investopedia
Micro Caps Surge as S&P 500 Hesitates at Historic Highs
The S&P 500 hesitated at historic highs. Micro caps have surged since September's start, with Chef's Warehouse breaking to new highs.
- ETF Trends
U.S. Stock ETFs Jump on ECB Stimulus, China Trade Talk Hopes
U.S. markets and stock exchange traded funds rallied Thursday after the European Central Bank revealed its intent to support the Eurozone economy and positive developments on U.S.-China trade. On Thursday, ...
- InvestorPlace
Stock Market Today: Should Investors Expect More Quantitative Easing?
The SPDR S&P 500 (NYSEARCA:SPY) hit new all-time highs on Thursday. Who would have predicted that for the stock market today?Not many were looking for such a robust rally to take place over the past few trading sessions. But InvestorPlace readers were ready. They knew that the stock market was trading in a well-defined range throughout the month of August and they knew when that range resolved to the upside.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOnce resistance gave way and we saw follow through from the bulls, that's when it was clear new highs were possible. In fact, we wrote: "Above resistance could send the S&P 500 back to 3,000, while a move below support likely brings up a test of the 200-day moving average."So what's causing this rally anyway? Markets liked the de-escalating tone between China and the U.S., even though there some reports say the trade war will not likely be resolved any time soon. More Quantitative Easing, Please?For those looking for more quantitative easing from the Federal Reserve, don't hold your breath. The Fed is scheduled to make its rate decision next week on Wednesday, Sept. 18. As it currently stands, the Fed Funds Rate is pricing in an 88.8% probability of a 25 basis point cut next week. The other 11.2% probability has the Fed keeping rates unchanged.Put simply, the U.S. is not in the economic position -- either with low growth or negative interest rates -- to warrant more stimulus. But the European Union is. * 10 Battered Tech Stocks to Buy Now The European Central Bank announced a 10-basis-point cut in its deposit rate to -0.5%, in-line with expectations. The ECB also announced that it will restart its QE program to the tune of $20 billion per month beginning Nov. 1. While ECB president Mario Draghi says there's only a low chance chance of an E.U. recession, those odds have increased.QE should be a boost, but it's concerning that it's needed after a near-decade of various policies. Movers in the Stock Market TodayIt was an exciting day in the stock market today, if not just because equities are flirting with their all-time highs. However, not all assets are moving favorably.While gold prices -- and the SPDR Gold Shares (NYSEARCA:GLD) -- closed higher on the day, GLD finished well off its morning highs. The can be said for bonds too, via the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT). The fall in bonds helped pave the way for bank stocks to continue their rally on Thursday, even as they approach resistance.The Top Stock Trades column took a closer look at the bank stocks earlier today.What else was moving?Aurora Cannabis (NYSE:ACB) fell roughly 10% and hovered near its session lows in the stock market today. The decline came after the company reported its quarterly results, missing revenue expectations and showing margin pressure. The woes of the cannabis space continue.Shares of General Electric (NYSE:GE) fell 1.2%, but Baker Hughes (NYSE:BHGE) was making waves after the former became a seller of the latter.BHGE opened notably lower on the day and fell to $21.36. However, it finished higher by 1.5% at $22.63 despite GE announcing it will cut its stake from 50.3% to roughly 39.5% as it looks to raise capital.The IPO market remains a mixed bag, with the latest shake-up coming from SmileDirectClub (NASDAQ:SDC). Shares priced at $23, above the $19-$22 range. But that didn't please investors, as shares tumbled 27.5% in their debut. Ouch. Heard on the StreetShares of Activision Blizzard (NASDAQ:ATVI) got off to a hot start in the stock market today. However, the stock only managed to climb 1% by the time the market closed. That's despite Nomura analysts upgrading the stock to "buy" and raising their price target from $49 all the way to $64. The target implies more than 16% upside from Wednesday's closing price.Wells Fargo analysts are ringing the bell on Caterpillar (NYSE:CAT) and Deere (NYSE:DE). They downgraded both stocks from "outperform" to "market perform," assigning price targets of $170 and $143, respectively.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Stock Market Today: Should Investors Expect More Quantitative Easing? appeared first on InvestorPlace.
- Investopedia
5 Takeaways On Sharpest the Momentum Reversal in a Decade
Below is a closer look at the Goldman's 5 key takeaways on this trend. While the drop in momentum stocks over the past two weeks was sharp, it simply unwound a robust rally that propelled these stocks upward by 17% for the month through Aug. 27. "The reversal in Momentum captured sharp rotations in other equity factors and sectors that had become increasingly correlated with each other," the report notes. Growth stocks and low volatility stocks also fell, while small caps and value stocks outperformed the broader market.
- Zacks
CPI Core Stronger, Jobless Claims Drop & More
Subtracting food and energy costs, the core Consumer Price Index rose to 0.3% -- higher than July's 0.2%, which was also the consensus estimate.
- Investopedia
Why T. Rowe Price Says Dump US, Buy China Stocks
Fund management firm T. Rowe Price sees better values in Chinese stocks right now, compared to U.S. equities.
- InvestorPlace
3 Different Ways for Newcomers to Buy S&P 500 Stocks
[Editor's note: "3 Different Ways for Newcomers to Buy S&P 500 Stocks" was previously published in July 2019. It has since been updated to include the most relevant information available.]If you're new to investing, one of the best ways you can dip your toe into the water is to buy a mutual fund or exchange-traded fund (ETF) that invests in all 505 of the S&P 500's stocks. Your first question: What is the S&P 500? Your second question: How come there are 505 stocks, not 500? Both are relatively painless questions to answer.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFirst, the S&P 500 represents 500 of the largest and most established companies listed on a U.S. stock exchange. You're likely familiar with many of the index's constituents. The S&P 500's largest company by market capitalization [share price multiplied by number of shares outstanding] is Microsoft (NASDAQ:MSFT) at $1.075 trillion. Warren Buffett, one of the most successful investors of all time, has said that most investors should simplify their investments to deliver better long-term returns. He put it this way in his 2013 annual letter to shareholders:"My advice [to the trustee] couldn't be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's.) …I believe the trust's long-term results from this policy will be superior to those attained by most investors -- whether pension funds, institutions or individuals -- who employ high-fee managers."Low costs and few moving parts win the game in the long run.The second question requires much less legwork. There are 505 stocks in the index because some of the companies, such as Buffett's Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B), have more than one class of shares, which means Berkshire Hathaway counts as two holdings, not one.Simple, right? * 7 Stocks to Buy With Over 20% Upside From Current Levels Now that I've answered the two questions, I better cut to the chase by providing readers with a short list of easy ways to buy S&P 500 stocks. Option No. 1: The SPDR S&P 500 ETF (SPY)Source: Shutterstock Launched in 1993, SPDR S&P 500 ETF (NYSEARCA:SPY) is the oldest ETF in the U.S. It also happens to be the biggest with $268 billion in assets. As you probably expected, it has 500 holdings, but you may be surprised to hear that the SPY ETF currently pays investors a dividend yield of 1.9% to hold it. And that's all for the expense ratio of 0.09%, or $9 per $10,000 invested per year.However, remember what Buffett said about low-cost funds. It's not the cheapest of the ETFs tracking the S&P 500, but it is the most popular. And it has stood the test of time. Option No. 2: Vanguard S&P 500 ETF (VOO)Source: Shutterstock Two of the next three largest U.S.-listed ETFs also invest in every one of the S&P 500 stocks -- the Vanguard S&P 500 ETF (NYSEARCA:VOO) has $115 billion in assets and charges 0.03%. This used to be 0.04%, until Vanguard cut the fees on three of its most popular products -- including the VOO ETF. * 7 Stocks to Buy In a Flat Market As Vanguard's literature points out, this fund is "more appropriate for long-term goals where your money's growth is essential." It makes a great base holding. Option No. 3: Buy Buffett's Stock (BRK.B)Source: Shutterstock Berkshire Hathaway has often been compared to a very large mutual fund because it owns $216 billion worth of publicly traded stocks, most of them part of the S&P 500.However, in addition to the equities, owners of the stock get a small piece of hundreds of private companies operating in all kinds of different sectors of the economy. The best part: Buffett won't charge investors annual fees to own his stock. He'll just deliver long-term returns that handily beat the S&P 500. From 1965 to 2017, Berkshire Hathaway stock's generated a compound annual growth rate of 20.5%, more than double the S&P 500. These three options plus mutual funds that track the S&P 500 index (they're slightly more expensive than ETFs) will get the job done while letting investors who buy them sleep easier at night. As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal The post 3 Different Ways for Newcomers to Buy S&P 500 Stocks appeared first on InvestorPlace.
- GuruFocus.com
Why Ray Dalio Thinks We're in the 1930s
The guru thinks we may face another Great Depression Continue reading...
- InvestorPlace
Stock Market Today: Small Caps Are Back?
It was another positive day on Wall Street, with stocks closing near their highs on Wednesday. Again, small-cap stocks stole the show in the stock market today.All week, we've been pointing out the outperformance of the Russell 2000. That strength was on display as the iShares Russell 2000 ETF (NYSEARCA:IWM) closed higher by 2%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat easily outpaced the SPDR S&P 500 ETF (NYSEARCA:SPY) and the SPDR Dow Jones Industrial Average (NYSEARCA:DIA), which rallied 0.7% and 0.9%, respectively. It also topped the 0.9% rally in the PowerShares QQQ ETF (NASDAQ:QQQ).The IWM is now up almost 5% just this week, easily topping the roughly 50 basis appreciation in the S&P 500. The ETF has also seen a few strong days of accumulation, causing some to wonder whether small caps are set to start closing that gap.While the IWM may be coming into some possible resistance, continued momentum could kick-start a breakout. Movers in the Stock Market TodayShares of Apple (NASDAQ:AAPL) barreled to their highest level in about a year, rising 3.2% to $223.59. The move comes on a two-fold catalyst. First, the company introduced its new iPhone and other products set to launch over the next few weeks. Second, the stock was on the cusp of a big breakout, which is taking place now.If only Zscaler (NASDAQ:ZS) could say the same thing. Shares were down 20% on the day, despite the company beating on earnings and revenue expectations. However, the midpoint of management's full-year guidance came up short of consensus estimates for both revenue and earnings. * 10 Stocks to Sell in Market-Cursed September Restoration Hardware (NYSE:RH) initially opened lower, but then jumped 4.8% to new highs. The move comes after the company reported yet another beat-and-raise quarter.Side note: RH and IWM are two stocks on Wednesday's Top Stock Trades column.Dave & Buster's Entertainment (NASDAQ:PLAY) shares fell more than 4% after the company reported earnings. The company beat on earnings, reported in-line revenue and missed on comp store sales results.GameStop (NYSE:GME) took it on the chin, falling more than 10% after the company missed on earnings and revenue estimates, and provided worse-than-expected guidance. The only seemingly good news is that shares rallied hard off the lows and did not make new 52-week lows.Another retailer that's struggling? Forever 21, which is expected to file for bankruptcy as early as this weekend. Heard on the StreetCisco Systems (NASDAQ:CSCO) climbed 1.7% and is looking to reclaim $50 after it was initiated with an "outperform" rating and $60 price target from the analysts at Evercore ISI.Hilton Worldwide Holdings (NYSE:HLT) jumped about 1.7% on the day, closing at $95.21. The move came after Bernstein analysts initiated shares with an "outperform" rating and $108 price target. It implies almost 14% upside from Wednesday's close.Finally, shares of Callaway Golf (NYSE:ELY) were upgraded to "outperform" at Raymond James. The analysts are using a $21 price target, implying more than 10% upside from current levels. That's even after the stock's nearly 26% rally so far this year and 5.5% rally on Wednesday.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Stock Market Today: Small Caps Are Back? appeared first on InvestorPlace.
- ETF Trends
Tech Rally, Looser Monetary Policy Outlook Lift U.S. Stock ETFs
U.S. markets and stock ETFs climbed Wednesday as technology shares strengthened following Apple’s launch of its latest iPhones and as markets look to supportive central banks. On Wednesday, the Invesco ...
- GuruFocus.com
Value Investing Dead? It Is According to This Study
A new study shows that value has been underperforming for longer than many young investors realize Continue reading...
- Investopedia
Why Goldman Sees Bull Stampede Through 2020 Despite Recession Fears
While many investment strategists see rising dangers for the economy and stocks, Goldman Sachs predicts that the bull market will charge ahead through the end of next year, with the S&P 500 Index (SPX) reaching 3,100 by the end of 2019 and 3,400 by the close of 2020, for respective gains of roughly 4% and 14% from today. Goldman believes that the U.S. economic expansion is far from over despite the impact of the U.S.-China trade war and slowing global economies. "Our economists expect that a US recession is unlikely during the next two years.
