272.56 -0.05 (-0.02%)
After hours: 7:58PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 3200|
|Day's Range||272.24 - 274.25|
|52 Week Range||239.51 - 286.58|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.09%|
In the consumer sector, 93% of the companies have already reported their earnings for the first quarter. Last week was okay for most of the sectors in the S&P 500. The S&P 500 Index (SPY) fell 0.54% due to an ~3% and 1.4% slump in the utility and technology sectors.
Small-cap stocks have been on fire, with the iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) continuously grinding out new highs last week and on Monday. While the markets have been strong — ranging from the S&P 500 and the Dow Jones Industrial Average to the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) — there’s still a “one foot out the door” mentality. A higher U.S. dollar may punish large-cap multinational companies, but it doesn’t inflict much damage to small caps.
Last week, the broader market traded on a negative note, and the S&P 500 benchmark fell 0.5%. Uncertainties about the US-China trade negotiations could be one of the key reasons that kept investors at bay in the week ended May 18. Despite these negative broader market sentiments, some of the auto stocks managed to remain in positive territory last week. Let’s take a closer look.
The S&P 500 pulled back from two-month high price levels last week and consolidated with mixed sentiment. The S&P 500 regained strength and opened higher on May 21 amid the improved US market sentiment and reclaimed two-month high price levels. On Monday, all 11 major S&P 500 (SPY) sectors closed the day higher.
The S&P 500 ( SPY) is moving higher and appears to be well positioned to advance further in the coming weeks, based on the current technical setup. The S&P 500 initially broke out back on May 9, when it rose above 2,685. The chart below shows the S&P 500 rising above a downtrend dating back to May 14, creating a bullish continuation pattern called a symmetrical triangle.
Global dividends have jumped over 10% in the first quarter from a year ago, and now stand at a record, according to the latest Global Dividend Study released by Janus Henderson Monday. The study is based on the Janus Henderson Global Dividend Index (JHGDI), which was initiated in 2009 and also stands in record territory. "When earnings rise, as they have across a broad swath of sectors in most regions in the world, dividends follow," the report stated.
The stock market is rallying today after U.S. officials tabled a trade war with China. The S&P 500 has climbed 0.9% to 2736.63 after Treasury Secretary Steven Mnuchin said on Sunday that a trade war with China was “on hold.” But National Economic Council Director Larry Kudlow said the U.S. wasn’t throwing out tariffs altogether. President Donald Trump had said he would put tariffs on $50 billion worth of Chinese goods, and then China announced the same back.
During Berkshire Hathaway’s (BRK-B) annual shareholder meeting, chair Warren Buffett said, “We’ve seen steel costs increase somewhat,” according to Reuters. Notably, US steel prices have spiked this year, and we’ve seen a widening of the spreads between international and US steel prices.
On May 11–18, US equity indexes had the following performances: The S&P Mid-Cap 400 Index (IVOO) rose 0.2%. The S&P 500 Index (SPY) fell 0.5%. The Dow Jones Industrial Average Index (DIA) fell 0.5%.
US-listed ETFs witnessed a huge jump in inflows last week mainly due to the surge in US equity inflows. According to FactSet, investors added $15.7 billion to the ETFs last week, which increased the YTD (year-to-date) inflows to $108.5 billion. More than 78% of the inflows were concentrated in US equity (MS) (GS) (C). US equity collected $12.3 billion, while international equity added $1.6 billion. US fixed-income ETFs had $1.8 billion, while international fixed-income garnered a moderate $536 million.
If we dig into the S&P 500 and the S&P Growth indexes, we can see that they have the highest exposure to information technology (or IT). The S&P 500 Growth index generated a three-year and five-year annualized return of 13.2% and 15.2%, respectively. These returns compare to the S&P 500 (SPY) at 10.7% and 13% for the same timespan, respectively. The S&P 500 Growth index generated YTD (year-to-date) return of 5.5%, compared to the S&P 500 at 1.5%. The S&P 500 Growth has 41% exposure to information technology, compared to the S&P 500 at 24.8%. ...
The US-China trade war has created turmoil in the equity markets this year. While downward pressure in index heavyweights such as Facebook (FB) and Amazon (AMZN) pushed markets lower, macroeconomic factors also played a part. In general, rising bond yields are negative for equity markets.
Theranos Inc., a consumer healthcare technology startup once valued at $10 billion and which claimed it would revolutionize the blood testing industry, got in serious trouble. Once a rising star in Silicon Valley, Theranos CEO Elizabeth Holmes, and former company president Ramesh Balwani were charged by the SEC for massive fraud. Theranos and Holmes have agreed to settle subject to a court approval.
Ray Dalio Is Holding on to Gold: Are You? As the 13F filings became available during the start of last week, much of the market buzz was about what money managers are holding and what they are staying away from. Ray Dalio held his holdings in the SPDR Gold Shares (GLD) Fund and the iShares Gold Trust (IAU) constant.
IN THE NEWS China on Monday praised a significant dialing back of trade tension with the United States, with the government saying agreement was in the interests of both countries while state media trumpeted ...
T-Mobile (TMUS) has been working on its network and distribution and is witnessing encouraging results, especially in Greenfield markets. In the first quarter, T-Mobile’s average 4G (fourth-generation) LTE (long-term evolution) download speed was 32.1 megabits. In fact, T-Mobile has managed to offer the fastest LTE network among its peers in the past 17 quarters. In fact, T-Mobile is the first company to exceed an average download speed of 30 Mbps (megabits per second) in the last 17 quarters.
Halliburton’s (HAL) one-week stock price was 3.9% higher until May 18. Since May 11, the Energy Select Sector SPDR ETF (XLE) has increased 1.8%. XLE represents the broader energy industry. The VanEck Vectors Oil Services ETF (OIH) saw 4.4% one-week returns. OIH tracks an index of 25 oilfield equipment and services companies. So, Halliburton underperformed OIH and outperformed XLE in the past week. Since May 11, the SPDR S&P 500 ETF (SPY) has underperformed Halliburton. SPY produced -0.6% returns during this period. HAL accounts for 0.21% of SPY. Crude oil’s price and rigs
Most of the major U.S. indexes moved lower over the past week as 10-year and 30-year Treasury yields moved to multi-year highs, although small-cap stocks posted slight gains. Higher wages often lead to higher consumer prices, which translates to higher Treasury yields and potentially slower economic growth as lending rates increase. The SPDR S&P 500 ETF (ARCA: SPY) fell 0.73% over the past week.
Get ready for another surge in crude oil prices. The cost of a barrel of crude oil is now at its highest level since 2014, but there will likely be another jump in the coming weeks. Primary among the reasons is that despite all the screeching, European companies will not be likely to get a waiver from soon-to-be-imposed U.S. sanctions on Iran. Earlier this month the Trump administration refused to recertify the so-called nuclear deal with Iran.
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.
In the second quarter so far, BP (BP) stock has risen 17.2%, the highest among its peers Chevron (CVX), ExxonMobil (XOM), and Royal Dutch Shell (RDS.A).
RPC’s (RES) YTD returns were -24.6% as of May 15. During this period, RPC underperformed the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) (up 12.8%), the VanEck Vectors Oil Services ETF (OIH) (9.2% returns), and the SPDR S&P 500 ETF (SPY) (1.6% returns). XOP represents the energy industry in the oil and gas exploration and production segment. So far, RPC has underperformed the US rig count this year (up ~12%).
Flotek Industries’ (FTK) YTD returns were -27.3% as of May 15. In comparison, the Energy Select Sector SPDR ETF (XLE) has increased ~7.0% YTD. XLE tracks an index of US energy companies in the S&P 500 Index. The VanEck Vectors Oil Services ETF (OIH) has witnessed 9.2% YTD returns. OIH tracks an index of 25 OFS companies. The SPDR S&P 500 ETF (SPY), which represents the broader market, has produced 1.6% returns during the same period. So, Flotek Industries underperformed the OFS industry ETF and the broader energy industry ETFs.