|Bid||38.40 x 2900|
|Ask||38.55 x 2900|
|Day's Range||37.69 - 38.52|
|52 Week Range||22.88 - 64.71|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-34.44%|
|Beta (5Y Monthly)||1.97|
|Expense Ratio (net)||0.13%|
Shares of Chevron Corp. and Exxon Mobil Corp. fell in premarket trading Friday, enough to pace the Dow Jones Industrial Average's early decliners, as a selloff on crude oil futures weighed on the energy sector. Chevron shares shed 0.8% and Exxon Mobil's stock fell 0.6%, while Dow futures rose 19 points, or 0.1%. Crude futures dropped 3.7%, amid concerns over economic growth in China and growing worries of increasing trade friction between the U.S. and China. The SPDR Energy Select Sector ETF slid TK% ahead of the open. Among other more-active energy stocks, Occidental Petroleum Corp. slipped 0.4%, Marathon Oil Corp. gave up 0.8%, Apache Corp. fell 1.1% and Halliburton Co. lost 1.3%.
Invesco Chief Global Market Strategist Kristina Hooper joins Yahoo Finance’s Brian Cheung and Seana Smith to discuss Jerome Powell's remarks as the Fed chair notes the U.S. economy faces ‘great uncertainty.’
Stocks rose Wednesday and the Dow advanced more than 300 points, or 1.2%, as hopes surrounding some states’ reopenings extended during the session. Yahoo Finance's Jen Rogers, Myles Udland, Rick Newman, and Andy Serwer discuss on The Final Round
The U.S. Treasury is gearing up to auction a $3 trillion in debt to finance the growing federal budget deficit. Charles Schwab Chief Fixed Income Strategist Kathy Jones joins Yahoo Finance’s Seana Smith to discuss.
The number of global cases of the coronavirus that causes COVID-19 rose to 4.9 million on Wednesday and Brazil suffered its worst fatalities since the start of the outbreak, prompting President Donald Trump to say he may bar entry to flights from Brazil.
Shares of Halliburton Co. rose 1.4% in premarket trading Wednesday, after the oil services company slashed its quarterly dividend by 75%, citing efforts to maintain a strong liquidity position given uncertainties regarding the depth and duration of the downturn in market conditions. The new dividend of 4.5 cents a share, down from 18 cents a share, will be payable June 24 to shareholders of record on June 3. Based on Tuesday's stock closing price of $11.15, the new annual dividend rate implies a dividend yield of 1.61%, compared with the yield for the SPDR Energy Select Sector ETF of 6.07% and the implied yield for the S&P 500 of 1.97%. Separately, Halliburton said annual retainers for its board of directors will be cut by 20%. The dividend cut comes as crude oil futures have plunged 47.4% year to date, as the COVID-19 pandemic has reduced demand and as the market grapples with a supply glut. Halliburton's stock has declined 54.5% this year, while the energy ETF has shed 37.0% and the S&P 500 has lost 9.5%.
Head of Macro Strategy at Academy Securities Peter Tchir joins Yahoo Finance’s Seana Smith to break down his outlook on the markets as coronavirus cases surpass 1.5M in the U.S., according to John Hopkins.
Will markets go up or down as we move toward summer? No one knows for sure, but one metric to watch is activity among short sellers — investors who believe a particular security will decline in value.
With equities on the ropes this week, it's time we looked at the best bear trades to bank on for the next market drop.The stock rebound since March has been violent. Its duration and magnitude have caught many traders by surprise, particularly those obsessing over the grim economic data. That said, trying to reconcile rising asset prices on Wall Street with the warzone on Main Street has generated more than a little cognitive dissonance.However, spectators convinced that the chickens would eventually come home to roost are seeing their forecast play out this week. Stocks are falling anew, especially in the most economically sensitive areas like small-caps.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 20 Stocks to Buy If You're Still Betting on America to Thrive So, rather than try to pick which individual stocks, we're focusing instead on playing the weakest industries. There are many to choose from, but here are three underperforming ETFs that look particularly vulnerable: * iShares Russell 2000 Index ETF (NYSEARCA:IWM) * SPDR S&P Banking ETF (NYSEARCA:KRE) * SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)Let's break down the charts of each, and build high reward bear trades on each. High Reward Bear Trades: iShares Russell 2000 Index (IWM) Click to EnlargeSource: The thinkorswim® platform from TD Ameritrade If you find the Nasdaq Composite ETF (NASDAQ:QQQ) index a stone's throw from all-time highs a bit quizzical given the horror show that is the economy right now, then it's because you're looking at the wrong basket of stocks. While tech mega-caps have found themselves largely insulated from the nasty price action, small-caps have not; They've born the brunt of the damage.From peak-to-trough, the Nasdaq Composite ETF only fell about 30%. By contrast, the Russell 2000 Index was down 41%. And though the selling pressure eased through the back half of March and all of April, the relative weakness remained. Currently, QQQ is only 7.5% off its peak, but IWM is off by 26.5%.Moreover, the rationale for small-caps' weak ways is simple: They're more sensitive to economic downturns. With this week's whack, IWM now sports a lower-swing high and lower low. Though it rallied back by day's end, it also pushed below the 50-day moving average. Wednesday's slide was particularly ugly, with volume swelling past 58 million shares.If you're willing to bet the downturn returns IWM close to March's low over the coming two months, then here's a trade that will deliver big returns:The Trade: Buy the July $105/$100 bear put spread for around 90 cents.You're risking 90 cents to make $4.10 if IWM falls to $100. SPDR S&P Banking ETF (KRE) Click to EnlargeSource: The thinkorswim® platform from TD Ameritrade One of the industries weighing on small caps has been regional banks. The specter of a deep recession caused investors to flee KRE throughout February and March. Ultimately, the fund fell 52% from 2019's peak before a bottom was found. But the bounce-back has been meager compared to the robust buying elsewhere.What's worse, this week saw KRE crack support and tumble below its 20-day and 50-day moving averages. Momentum increased during the downswing to confirm sellers have returned to power. Thursday's session is giving bulls some hope but it's going to take more than a single session of strength to right this hole-ridden ship.If you think we ultimately return to March's levels of $27, then this bear trade offers a smile-inducing payout.The Trade: Buy the July $30/$27 bear put spread for around $1.00. * 5 High-Quality Company Stocks to Buy For Less Than $10 You're risking $1 to make $3 if KRE sits below $27 at expiration. SPDR S&P Oil & Gas Exploration & Production ETF (XOP) Click to EnlargeSource: The thinkorswim® platform from TD Ameritrade The final spot ripe for bear trades is the energy sector. Specifically, we're focusing on the Oil & Gas ETF, XOP. It's performed far worse than the Energy Sector ETF (NYSEARCA:XLE) in large part because it lacks the heavy weighting toward large caps that XLE does.Crashing oil prices have done a number on all energy-related ETFs. Some companies have already declared bankruptcy, and it could be just the beginning. While it's true that XOP has enjoyed a nice rebound off its lows, even rising north of the 50-day moving average, it remains one of the more vulnerable areas of the market. This week's drop saw XOP break short-term support and its 20-day moving average. It's the first support breach since the uptrend began and could spell the start of the next downswing.Once again, we're harnessing bear put spreads to profit.The Trade: Buy the Sep $35/$30 put spread for $1.00You're risking $1 to make $4 if XOP is below $30 at expiration.For a free trial to the best trading community on the planet and Tyler's current home, click here! As of this writing, Tyler held bullish IWM positions. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 3 High-Reward Bear Trades for the Next Market Crash appeared first on InvestorPlace.
Shares of Chesapeake Energy Corp. rocketed 32% in morning trading Friday, and have triggered five trading halts for volatility, as the oil and gas producer's stock bounced off the previous session's record low. Helping provide a lift was a 2.6% rally in crude oil futures, which helped lift the SPDR Energy Select Sector ETF by 0.5%. Chesapeake Energy's stock had plummeted 41% over the past four days, a four-day streak of record low closes, amid concerns over the highly indebted company's ability to survive the downturn in commodities prices and the economy as a result of the COVID-19 pandemic. Despite the bounce, the stock has plunged 93% year to date, while crude futures have shed 53% and the S&P 500 has lost 12%.
The Dow Jones Industrial Average on Thursday closed sharply higher, reversing a sharp drop that served as a gut-check to bullish investors amid the COVID-19 pandemic. The Dow ended up 377 points, or 1.6%, at 23,625, following a skid that saw it lose as many as 458 points at its intraday nadir at 22,789.62. Gains were driven by an advance in American Express Co. and UnitedHealth Group Inc., which helped to lead the charge. The reversal for the index marked its biggest comeback since March 19, according to Dow Jones Market Data. The S&P 500 index , meanwhile, rose 1.2% to end at 2,853, powered by a gain in the financials sector , up 2.6% and a rally in consumer discretionary shares . The technology laden Nasdaq Composite Index finished up 0.9% , or 80.55 points, at around 8,944--well off its lows at 8,705.25.
Shares of Chesapeake Energy Corp. sank tumbled 9.2% in afternoon trading Thursday toward a fourth-straight record low, amid continued concerns over the oil and gas production company's ability to survive the current downturn in commodities prices and the effects of the COVID-19 pandemic. The stock has plummeted 41% this week, and has closed at a record low every day. On Wednesday, UBS analyst Lloyd Byrne had slashed his stock price target by 75% to $5, while reiterating his sell rating, citing the company's disclosure in its quarterly filing Monday that filing for bankruptcy was one of the options it was exploring as it suffered from a depressed commodities prices and a high debt load. On Tuesday, CFRA analyst Paige Meyer cut her price target to zero and her rating to strong sell. Thursday's selloff comes despite a 0.8% gain in the SPDR Energy Select Sector ETF , an 8.2% jump in crude oil futures and a 0.7% rise in the S&P 500 . Also this week, Energy Secretary Dan Brouillette reportedly said that any federal bailout of the oil industry wouldn't be intended for companies with that were overly indebted.
Exchange traded funds used to be tied to higher volatility and even fraud. It’s worth remembering their advantages.
Kathryn Rooney Vera, Bulltick's Chief Global Markets Strategist, joined Yahoo Finance's Myles Udland, Jen Rogers, Dan Roberts, and Melody Hahm to discuss the state of the markets and her outlook for the U.S. economy amid COVID-19.
Director of Fiscal Policy at the American Action Forum Gordon Gray joins Yahoo Finance’s Seana Smith to break down the April jobs report and how some workers are making more on unemployment compared to their wages before the coronavirus pandemic.
Jay Bryson, Wells Fargo's Acting Chief Economist, joined Yahoo Finance's Jen Rogers, Myles Udland, Dan Roberts, and Melody Hahm to discuss what he's expecting out of the April jobs report on Friday.
Canary LLC CEO Dan Eberhart joins Yahoo Finance’s Zack Guzman to discuss how the coronavirus is impacting the energy sector, as WTI crude tumbles amid storage capacity concerns.
JP Morgan Private Bank Head of Cross-Asset Thematic Strategy Anastasia Amoroso joins Yahoo Finance’s Seana Smith to discuss the latest market action as more states move to reopen their economies in the wake of the coronavirus.
Stocks ended higher on Monday, with the Dow and S&P 500 eking out gains for the session thanks to a boost from big tech and energy. The advances helped offset earlier declines spurred as mounting concerns that companies would see lasting damage in the aftermath of the coronavirus pandemic spooked market participants.
Jack Manley, Global Market Strategist at J.P. Morgan Asset Management, joined Yahoo Finance's Jen Rogers, Myles Udland, and Andy Serwer to discuss his outlook for the U.S.'s economic recovery following coronavirus.
Yahoo Finance’s Emily McCormick joins Seana Smith to break down why short-seller David Einhorn is questioning Tesla's billing practices.
Weekly jobless claims climbed another 3.84 million on the heels of worse-than-anticipated first-quarter GDP data. Invesco Global Market Strategist Brian Levitt joins Yahoo Finance’s Seana Smith discuss.