|Bid||59.60 x 4000|
|Ask||59.86 x 1100|
|Day's Range||59.49 - 60.29|
|52 Week Range||52.03 - 61.94|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-2.76%|
|Beta (5Y Monthly)||1.10|
|Expense Ratio (net)||0.13%|
Stifel Head of Institutional Equity Strategy Barry Bannister joins the On The Move panel to discuss the best cyclical sectors to invest in as the federal reserve continues to hold on rate cuts.
The movements in these sector ETFs should be watched closely as the phase-1 trade deal is being signed and there is no tariff relief for a huge chunk of goods until phase-2.
The materials sector includes companies engaged in the discovery, development, and processing of raw materials, which are used across many other sectors and industries. Materials stocks include manufacturers of products as varied as plastic, fertilizer, paper, concrete, and metals. Some prominent names in the materials sector include Dupont de Nemours Inc. (DD), Ecolab Inc. (ECL), and Dow Inc. (DOW).
With the S&P 500 coming off its performance in two decades last year, expectations are in place that returns are likely to be more subdued this year. If historical trends repeat, that subdued tenor could ...
Materials Select Sector SPDR (XLB) is a low-cost choice to track a sector that is entering a 6-month period of historic outperformance, explains analyst and fund expert Todd Rosenbluth, in CFRA Research's The Outlook.
The rotation into cyclical stocks has been incomplete, with consumer discretionary and materials names lagging the market
Shares of TimkenSteel Corp. tumbled 12% in premarket trading Monday, after J.P. Morgan analyst Stephanie Yee turned bearish on the steel maker, citing concerns that a "much lower" pricing environment will lead to 2020 annual contract pricing to be reset lower and worries about weaker demand. Yee lower the rating to underweight, after being at neutral for at least the past two years. Yee slashed the stock price target to $5, which is 32% below Friday's closing price of $7.36, from $9. "Additionally, an overall weaker demand environment, especially from the energy market, leads us to believe that [TimkenSteel's] energy shipments will be down significantly in both 2019 and 2020, which not only results in less fixed-cost absorption but also translates into a less favorable product mix given that energy components are the highest priced products within the company's portfolio," Yee wrote in a note to clients. The stock has lost 15.8% year to date through Friday, while the SPDR Materials Select Sector ETF has climbed 19.1% and the S&P 500 has rallied 23.4%.
November has been among the best months for markets over the past decade. All the three major indices have traded positively 80% of the time in November since 2009.
Today is the first day of November. Historically speaking, that's good news for stocks because over the past two decades, the S&P 500 has averaged November gains of 1.2% , making the 11th month of the ...
October is here and with it arrives the fourth and, historically, a good month for stocks. Over the past two decades, the S&P 500 has averaged October gains of 1.4% . Only March and April, which are tied ...
Coming off a rough August in which the SPDR S&P 500 ETF (NYSE: SPY ) finished lower, there may not be any rest for the weary in September because the ninth month of the year is historically rough on stocks. ...
August starts today and with the arrival of the eighth month of the year comes a month that's usually negative for stocks, but not by much. Over the past two decades, the S&P 500 posts an average August ...