|Bid||0.00 x 1400|
|Ask||0.00 x 800|
|Day's Range||279.56 - 282.18|
|52 Week Range||233.76 - 293.94|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.00|
|Expense Ratio (net)||0.09%|
Is Wall Street Over-Optimistic about Apple’s New Services?Apple On Monday, Apple (AAPL) announced many new services in its efforts to boost its services segment sales. For years, the iPhone has been Apple’s primary revenue source. These efforts
Bill Ackman’s Pershing Square Is Off to Its Best Start Ever in 2019(Continued from Prior Part)Chipotle gives a boost to Pershing SquareWe saw in Why Chipotle Could Help Ackman Outperform after a Dismal 2018 how Chipotle Mexican Grill (CMG) has
Bill Ackman’s Pershing Square Is Off to Its Best Start Ever in 2019Pershing Square’s best-ever start to a yearAfter a dismal 2018, this year is turning out to be a blockbuster for Pershing Square. As per its annual report released yesterday, its
Apple's New Services: Morgan Stanley Approves(Continued from Prior Part)Apple’s video streaming servicesOn March 25, Apple (AAPL) announced a range of new services, including its video streaming services, during a special event. Despite the big
Technically speaking, the S&P 500 has weathered an aggressive late-month market downdraft, narrowly maintaining major support, writes Michael Ashbaugh.
Why Vale’s Problems Will Likely ContinueVale’s dam burst Vale’s (VALE) problems don’t seem to be ending anytime soon. On January 25, a dam ruptured at Vale’s iron ore mine in Brazil’s (EWZ) Minas Gerais state. Due to the collapse, close
Both Housing Starts/Building Permits and the latest Case-Shiller home price index came in worse than expected. Meanwhile, MCD and Uber make purchases.
Apple's New Services: Morgan Stanley ApprovesApple On March 25, Apple (AAPL) unveiled Apple TV+, its video streaming services, and Apple News+, its paid new subscription services. During the event, CEO Tim Cook tried his best to highlight the
Analyzing Key Dynamics of the Oil Market(Continued from Prior Part)Changes in inventory levelsOn March 27, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data. Any rise up to 1.4 MMbbls
Editor's Note: This article is part of InvestorPlace.com's Best ETFs for 2019 contest. James Brumley's pick is the Invesco Water Resources ETF (NASDAQ:PHO).Long-term bets on the Powershares Water Resource Portfolio (NASDAQ:PHO) fund are finally starting to pay off. Over the course of the past twelve months, PHO stock has gained around 12%, versus a more modest 8% gain for the SPDR S&P 500 ETF Trust (NYSEARCA:SPY).The performance of the water-minded ETF is even better -- relatively and on an absolute basis -- when limiting the look to just the first quarter. Whereas the S&P 500 is up just a little more than 11% since the end of last year, PHO stock has gained almost 19%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is the kind of "aha" moment we've been waiting on since the beginning of 2018, when the Best ETFs Contest ultimately began.The performance of the Powershares Water Resource Portfolio isn't the most compelling aspect of PHO stock here, however. It's that the fund's constituents have been so uniformly bullish of late after a couple clunkers took a big toll on last year's bottom line. PHO ETF Leading the ChargeOwners of the Powershares Water Resource mostly have Danaher (NYSE:DHR) and Waters Corporation (NYSE:WAT) to thank for fund's market-beating performance. * 7 Marijuana Stocks to Play the CBD Trend Waters was a bit of a disappointment for the better part of last year, slumping in front of a third-quarter revenue miss that ultimately prompted Goldman Sachs to downgrade WAT stock to a "sell." The analytical firm feared more of the same kind of weakness lay ahead.In retrospect, though, its Q3 results and the downgrade may have served as a catharsis and capitulation for Waters. Although WAT stock ultimately hit a new 52-week low in December (as most stocks did), shares have rallied more than 40% in the meantime. Fourth-quarter earnings of $2.87 per share not only topped estimates of $2.65, the company offered current-year profit guidance well in excess of expectations.Danaher is another name that has finally come around following a lackluster 2018. The stock's up 35% for the past twelve months, but all of that gain has been logged just since its late-December low. The stock was spurred higher by a solid Q4 print, though was acting bullish before that late-January report, and has continued to push higher in the meantime. Click to Enlarge All of the fund's constituents, however, have been solid performers in recent weeks, with the need for better water-management slowly but surely becoming evident in solutions-providers' bottom lines.Still, most investors underestimate just how big the problem of potable water -- or lack thereof -- really is. A Thirst for SolutionsIt's a resource most anyone reading this likely takes for granted. Most investors only have to turn a knob at a faucet, open the refrigerator or press a button at work to have instant access to (seemingly) all the water they want.But they may not realize how close demand is to exceeding supply.Yes, it's a third-world problem, but not just a third-world problem. One only has to look at the ongoing disaster in Flint, Michigan to realize just how troubled the United States' aging infrastructure is. The lead contamination is abating, but it took too long to clean up, and any trace of lead is still too much lead.Meanwhile, London (England), El Paso, Atlanta and San Francisco are just some of the major names that may soon, literally, run out of water.Part of the problem is simply a lack of supply. Although desalination works, it has proven prohibitively expensive. Purification of used water also works, but it too can be costly, and the nation's current water-scrubbing infrastructure is quickly becoming inadequate.The trouble doesn't merely lie in processing water, however. The United States, like most other developed or undeveloped nations, struggles just to get clean, potable water from point A to point B. Globally, the world loses an estimated two trillion gallons of drinking water every year simply due to leaky pipes.Patching them won't be cheap or easy though. The American Water Works Association estimates that the U.S. alone will need to spend at least $1 trillion upgrading and overhauling existing water transportation and processing infrastructure. Anything any organization can do to use less water, or recycle their own, in the meantime is a huge step in the right direction… a step that most institutions can take.That's where most of the names that make up the Powershares Water Resource Portfolio are aiming. Bottom Line for PHO StockIt's certainly a different kind of stock pick. It's much more than a trade. Indeed, owning PHO stock is much more than an investment in an undervalued and underappreciated sector. It's an investment in a concept … a concept so big and so philosophical that it's often difficult to see.The rewards are there, though, for the truly patient investor. While PHO was a lackluster performer since the Best ETFs Contest began in early 2018, it's battling for the lead as we near the end of the first quarter of 2019, and is well ahead of the broad market's return for that full fifteen-month stretch just in the past three months.These names are starting to collectively reap their due rewards, even if most investors don't realize the undertow that has taken shape.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. 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 Best ETFs for 2019: Water Stocks and PHO Stock Finally Pull Ahead appeared first on InvestorPlace.
"The Fed can't be dovish enough to support U.S. equity markets given the acceleration in the global growth slowdown and eventual U.S. slowdown," as Peter Cecchini, global chief market strategist at Cantor Fitzgerald, opined in a recent note to clients quoted by Business Insider. Meanwhile, massive outflows from equity mutual funds indicate that there is "simply no love for stocks," said Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, in a report also cited by BI. The S&P 500 was down fractionally on Monday, by just under 0.1%.
Analyzing Key Dynamics of the Oil MarketUS crude oilOn March 25, US crude oil prices fell 0.4% and settled at $58.82 per barrel. Concerns about global economic growth might have dragged oil prices. On March 18–25, US crude oil futures fell 0.9%
How much of a cause for concern is the inverted yield curve? Semiconductors led the selling, but investors don't appear ready for hedges.
Did Apple’s Special Event Disappoint Investors?(Continued from Prior Part)Apple services announcementsEarlier today, Apple (AAPL) expanded its services segment offerings with Apple TV+, Apple News+, Apple Card, and Apple Arcade. In the quarter
Did Apple’s Special Event Disappoint Investors?Apple’s special eventOn Monday at 10:00 AM ET, Apple (AAPL) held its highly anticipated special event at the Steve Jobs Theatre in Cupertino. During the event, the company unveiled its news
The value of the euro jumped 20 basis points following Germany's IFO release, and the 10-year Bund swung back to positive territory.
Will Newmont Investors Approve GG Merger after Special Dividend?Newmont’s special dividend payment Today, Newmont Mining (NEM) announced a conditional special dividend to shareholders if its proposed merger with Goldcorp (GG) goes through. This
Morgan Stanley: ‘Get Defensive’ on Inverted Yield Curve(Continued from Prior Part)Morgan Stanley bearish on S&P 500 Morgan Stanley chief equity strategist Michael Wilson’s year-end target for the S&P 500 (SPY) is among the most bearish
How Trump’s Steel Tariffs Have Affected Different SectorsTrump’s steel tariffsThe Section 232 steel tariffs came into effect on March 23, 2018. It’s now been more than a year since the tariffs have been in place, so it would be prudent to see
Markets Spooked as Yield Curve Inverts for First Time since 2007(Continued from Prior Part)Fed’s dovish stanceAnother factor that added to the downward pressure on yields came after the Fed’s more-dovish-than-expected take on future rate hikes.
Natural Gas Prices to Remain Under Pressure This WeekNatural gas last weekIn the week that ended on March 22, natural gas May futures fell 1.2%. On March 22, natural gas futures fell 2.1%. Based on Refinitiv data, on March 22, LNG (liquefied
Markets Spooked as Yield Curve Inverts for First Time since 2007Flattening of the yield curveA yield curve tracks the yields of Treasury securities maturing at different times. Usually, the yields of securities with higher durations, such as
The long-awaited report of Special Counsel Robert Mueller presented no evidence incriminating President Donald Trump , according to Attorney General William Barr. "The Special Counsel's investigation ...