|Bid||82.06 x 3200|
|Ask||82.08 x 2200|
|Day's Range||81.59 - 83.19|
|52 Week Range||75.36 - 93.69|
|PE Ratio (TTM)||7.62|
|YTD Daily Total Return||-2.39%|
|Beta (5Y Monthly)||0.74|
|Expense Ratio (net)||0.10%|
Oil-related equities face a headwind next year, according to analysts at Citi: excess spare capacity.
Has the debate on whether the economy is dead set on falling into a recession or if the Federal Reserve can pull off a soft landing reached its peak? Several leading names, like DoubleLine Capital Founder Jeffrey Gundlach, are certain that recession signals have already gone off, doubting that the central bank would raise rates again. If this were true, it leaves investors wondering what this means for high-yield market investing. David Forgash, PIMCO Head of Leveraged Credit, joins Yahoo Finance to discuss what investors should pay attention to during these times of uncertainty. Forgash points out favorable terms for investing in high-yield environments: "You can invest in a very resilient portfolio of high-yield credits — Double B's — so just below investment grade, and have a 8-8.5% yield. Which is very attractive if you think about it because the long-term average for this, where defaults are very low for Double B's, it means that you will have some of the highest after-default yields or the highest locked-in yields, really since the Great Financial Crisis." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Crude oil (BZ=F, CL=F) prices fell for a fourth-straight day as diplomats mitigate the fallout from escalations in the war between Israel and Hamas. In addition, a weekly report from the U.S. Department of Energy showed a positive turn in domestic oil supply with 1.372 million barrels, beating Wall Street expectations. Yahoo Finance Reporter Jared Blikre joins the Live show to break down the latest numbers crude oil figures and how the energy sector is reacting. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.