|Bid||66.75 x 1300|
|Ask||68.16 x 38500|
|Day's Range||67.42 - 68.16|
|52 Week Range||53.36 - 79.42|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.21|
|Expense Ratio (net)||0.13%|
As the Fed's independence is questioned, what is the impact? Sri Kumar, Sri Kumar Global Strategies, and Art Hogan, National Securities, discuss.
Joseph Zidle, Blackstone, on your best bet in the coming months. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Karen Finerman and Dan Nathan.
Is an energy surge ahead? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Brian Kelly and Dan Nathan.
Will Natural Gas Recover from Its Two-Month Low?(Continued from Prior Part)Natural gas rig count The natural gas rig count was at 189 last week—five less than the previous week. The natural gas rig count has fallen ~88.2% from its record level of
The energy sector has been one of the worst-performing market sectors in recent years, as a global oil supply has continued to surprise to the upside. The latest data from Bank of America suggests investors ...
XLE, the largest equity-based energy exchange traded fund, is higher by 17.40% this year, but that showing lags those of non-equity oil ETFs. XLE and rival equity-based energy funds will be tested when first-quarter earnings start rolling in. “At the sector level, the Energy (+13.5%) and Health Care (+11.7%), sectors are expected to see the largest price increases, as these sectors had the largest upside differences between the bottom-up target price and the closing price on April 4,” according to FactSet.
Energy Sector: Key Highlights from Last Week(Continued from Prior Part)Energy subsector ETFsIn the week ending April 12, major energy subsector ETFs had the following performances:The SPDR S&P Oil & Gas Exploration & Production ETF
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
Why Energy ETFs Underperformed Oil's Gains?(Continued from Prior Part)US equity indexesIn the trailing week, US equity indexes had the following correlations with US crude oil active futures:the S&P 500 (SPY): 59.2%the S&P Mid-Cap 400
Why Energy ETFs Underperformed Oil's Gains?(Continued from Prior Part)Correlation with US crude oil On April 4–11, major energy ETFs had the following correlations with US crude oil active futures: the SPDR S&P Oil & Gas Exploration &
Shares of oil and gas companies were broadly higher in premarket trade Friday, outside of Chevron Corp.'s stock , which shed 4.0% after the $33 billion stock-and-cash deal to buy Anadarko Petroleum Corp. The SPDR Energy Select Sector ETF rose 1.0%. Among some components seeing premarket trade, shares of Anadarko shot up 30%, Exxon Mobil Corp. rose 1.0%, Kinder Morgan Inc. gained 0.7%, Marathon Oil Corp. surged 3.5%, Chesapeake Energy Corp. was up 0.9% and Schlumberger Ltd. tacked on 2.1%. Meanwhile, S&P 500 futures advanced 0.5%.
What to Expect from Kinder Morgan’s Q1 Earnings Results(Continued from Prior Part)KMI’s year-to-date rise Kinder Morgan (KMI) stock has posted impressive gains in 2019, outperforming many of its peers. Enterprise Products Partners (EPD) and
What to Expect from Kinder Morgan’s Q1 Earnings ResultsKMI’s first-quarter resultsKinder Morgan (KMI) is expected to report its earnings results for the first quarter of 2019 on April 16. Analysts expect the company to report EPS of $0.24 in the
With oil prices rallying sharply since the end of last year, it would be natural to expect energy-sector stocks to be tearing the roof of the market. “Energy currently offers the best risk-reward,” wrote J.P. Morgan quantitative analysts led by Dubravko Lakos-Bujas, in a Friday note. Since the end of last year, both oil and the stock market have come roaring back from a steep fourth-quarter selloff.
On the upside, the S&P 500 (SPX) is up a stellar 15% in the last three months after a rocky December caused many market observers to wonder whether the bull market was finally on its last legs. Another surprise has been the resilience of the energy sector and steadily increasing crude oil prices. After starting the year around $43 a barrel, oil (CLK9) has jumped roughly 40% to the mid $60s per barrel — and the flagship Energy Select Sector SPDR Fund (XLE) has jumped almost 20% in the same period as a result.
Crude Oil May Futures Hit Highest Closing Price since November(Continued from Prior Part)Energy subsector ETFsIn the week ending April 5, major energy subsector ETFs had the following performances:The VanEck Vectors Oil Services ETF (OIH) rose
Chesapeake Energy Corp. Chief Executive Robert Lawler got a 51% raise in 2018, as the oil and natural gas company surpassed many of its performance targets his compensation was based on, while investors suffered a 47% drop in the stock. The SPDR Energy Select Sector ETF fell 21% in 2018 and the S&P 500 lost 6.2%. Lawler made $22,745,427 in 2018, of which $1,300,000 was salary, according to the company's proxy filing with the SEC. In 2017, his total compensation was $14,903,906, down 2.5% from 2016, as the stock fell 44% in 2017. Among some of the metrics used to calculate bonuses, the company surpassed the maximum 200% payout thresholds for improvement in free cash flow and earnings before interest, taxes, depreciation and amortization (EBITDA), while achieving a 67% payout ratio for capital expenditure cuts. In comparison, peer Anadarko Petroleum Corp. Chief Executive R.A. Walker took an 8.5% total comp cut to $15,516,305 in 2018 as the stock fell 18%, after taking a 9% pay cut in 2017 as the stock fell 23%. Meanwhile, Apple Inc. Chief Executive Tim Cook got a 22% raise to $15.7 million in 2018 while the stock fell 6.8%, after getting a 47% raise in 2017 as the stock climbed 46%.
What Hindered Rise in Energy ETFs?(Continued from Prior Part)US equity indexesIn the trailing week, US equity indexes had the following correlations with US crude oil active futures:the S&P 500 (SPY): 62.8%the Dow Jones Industrial Average
Oil is one of this year's best-performing commodities, a point confirmed by some of the marquee futures-based exchange traded products with oil exposure. Entering Thursday, the United States Oil Fund (USO) , which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (BNO) , which tracks Brent crude oil futures, were up 28.80% and 34.50%, respectively, year-to-date. Compare those performances to the Energy Select Sector SPDR (XLE) .
What Hindered Rise in Energy ETFs?(Continued from Prior Part)Correlation with US crude oil Between March 28 and April 4, major energy ETFs had the following correlations with US crude oil active futures: the Alerian MLP ETF (AMLP): 88.7% the VanEck
U.S. stocks finished Wednesday trade with the three main benchmarks within striking distance of all-time highs, with gains in technology and materials stocks helping to buttress the market. Optimism about U.S.-China trade relations were the purported catalyst for the day's action after an official from the Commerce Department said the U.S. was 90% of the way from completing a tariff pact with China. The Dow Jones Industrial Average gained about 40 points, or 0.2%, at 26,217 (on a preliminary basis). The blue-chip index, however, finished off its best level of the session at 26,282.17, as sharers of Boeing Co. weighed. The aeronautics and defense contractor has been confronting problems with its 737 Max fleet of jets after a pair of fatal crashes. Shares of Boeing closed off 1.5% on Wednesday. Meanwhile, the S&P 500 index added 0.2% to close at 2,873, supported by gains in information technology, up 0.8%, and consumer discretionary, up 0.7%. The S&P 500's energy sector led losses, down 1%, as crude-oil futures snapped a three session string of gains. The Nasdaq Composite Index closed 0.6% higher at 7,895. All three benchmarks were about 2% short of records.
Energy commodities, namely oil, are among this year's best-performing commodities. Predictably, that scenario is proving beneficial for energy ETFs.After tumbling 18.20% last year, the Energy Select Sector SPDR (NYSEARCA:XLE), the largest energy ETF, is up 17.70% this year, underscoring the point that energy is one of the best-performing sectors in the S&P 500 to this point in 2019.While betting against energy ETFs has been losing proposition so far in 2019, that does not mean the group is immune to potential downside. Energy is a cyclical sector and could be tested if investors continue favoring defensive groups. Additionally, energy ETFs could be pinched by slowing global economic growth, which would crimp oil demand.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"With oil prices once again above our unchanged midcycle price of $55 per barrel, we see less value in oil-related stocks than we did at the beginning of the year," said Morningstar in a recent note. * Should You Buy Q1's 6 Best-Performing S&P 500 Stocks? Another variable to consider with energy ETFs is that sectors favorable seasonal period comes to an end in the middle of the second quarter. While that is not a guarantee of bad tidings with energy ETFs, it is something to consider because some of the following energy ETFs could be vulnerable to downside in the months ahead. SPDR S&P Oil & Gas Exploration & Production ETF (XOP)Source: Shutterstock Expense ratio: 0.35% per year, or $35 on a $10,000 investment. The SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) is rallying this year thanks in large part to this energy ETF's often intimate correlations to oil prices, but this is also what makes XOP vulnerable to significant downside if oil tumbles.XOP is up 17.50% this year. On its own, that sounds impressive, but when measured against the aforementioned XLE, XOP has not been the better bet on a risk-adjusted basis because exploration and production stocks are usually much more volatile than integrated oil names that dominate traditional energy ETFs like XLE.XOP could firm if oil inventories tighten and/or demand picks up. Given this energy ETF's domestic focus, the fund could benefit if U.S. shale producers scale back output during the second and third quarters, but there are no guarantees that scenario comes to pass. VanEck Vectors Oil Services ETF (OIH)Source: Shutterstock Expense ratio: 0.35% per year, or $35 on a $10,000 investment. Another high flier that is highly tied to oil prices, the VanEck Vectors Oil Services ETF (NYSEARCA:OIH) is up 26.51% this year. This energy ETF shares something common with integrated oil funds: OIH is dominated by a small number stocks, namely Schlumberger Ltd. (NYSE:SLB) and Halliburton Co. (NYSE:HAL).Those two oil services giants combine for over 34% of OIH's weight. Any material retrenchment in those names makes it difficult for OIH to deliver upside. Good thing some analysts are bullish on Schlumberger. * 3 Healthcare Stocks to Trade Now "Schlumberger stands out as high-quality and favorably valued," said Morningstar. "The market seems to be underrating prospects for the SPM business, a fully integrated services model that aspires to deliver a sea change in oil and gas development costs. SPM is already delivering returns on capital far ahead of the rest of the company, and therefore the business will lift Schlumberger's profitability up as it grows as a share of revenue in years to come." United States Oil Fund (USO)Source: Shutterstock Expense ratio: 0.84% per year. The United States Oil Fund (NYSEARCA:USO) is an energy ETF that is a likely epicenter of vulnerability if oil prices decline. This energy ETF is widely viewed as the bellwether oil fund, excluding equity-based products, and is also one of the most heavily traded commodities funds of any stripe. USO provides exposure to front month West Texas Intermediate (WTI) futures and there are some risks associated with that methodology."This method is particularly sensitive to short-term changes in spot prices, but can also result in heavy roll costs," according to ETF.com. "That makes USO a great vehicle for riding short-term moves in crude prices, but long-term holders may want to look at other options."Fortunately for bearish traders, USO has a robust options market and this energy ETF is highly liquid, meaning it is easy and cost-effective to sell short. Invesco S&P SmallCap Energy ETF (PSCE)Source: Shutterstock Expense ratio: 0.29% per year, or $29 on a $10,000 investment. The Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) is the small-cap answer to the aforementioned XLE and that alone explains this energy ETF's potential vulnerabilities if another oil bear market arrives.With PSCE up 26.23% this year, more than double the returns of the S&P SmallCap 600 Index, envisioning major declines for this energy ETF over the near term may be hard to do. However, if oil falters in earnest, that could trigger concerns about global economic growth and if investors become concerned about the U.S. economy, small caps would likely retreat, creating a double whammy of sorts PSCE. * 5 Cannabis Stocks Set to Skyrocket -- According to Wall Street's Top Analysts This energy ETF's 39 holdings, which have an average market value of $880 million, "are principally engaged in the business of producing, distributing or servicing energy related products, including oil and gas exploration and production, refining, oil services and pipelines," according to Invesco. Invesco DWA Energy Momentum ETF (PXI)Source: Shutterstock Expense ratio: 0.60%. Like many of the energy ETFs highlighted here, the Invesco DWA Energy Momentum ETF (NASDAQ:PXI) has been solid this year. And like many of the energy ETFs mentioned here, PXI faces two-fold scenarios that could make the fund vulnerable in the event oil prices retreat.First and foremost, PXI's composition, which includes a heavy tilt to mid- and small-cap stocks, makes the fund vulnerable to energy sector declines. Second, a momentum-based strategy could weaken more rapidly than cap-weighted energy ETFs if oil prices quickly erode.One sign to steer clear of PXI in oil bear market is already clear: this momentum energy ETF is up just 15% this year, trailing cap-weighted rivals like XLE by more than 200 basis points. Global X MSCI China Energy ETF (CHIE) Source: Shutterstock Expense ratio: 0.66%. The Global X MSCI China Energy ETF (NYSEARCA:CHIE) is another example of an energy ETF with impressive year-to-date gains (CHIE is up 16.55%) where speculating on near-term declines is a tricky endeavor, particularly with Chinese stocks ranking as among the world's top performers.CHIE's underlying index includes "all eligible securities as per MSCI's Global Investable Market Index Methodology, including China A, B and H shares, Red chips, P chips and foreign listings, among others," according to Global X. * 5 Automobile Stocks to Consider Now CHIE would be vulnerable to broader retrenchment in Chinese stocks, which would likely weigh on the global energy sector given that the world's second-largest economy is still a major energy importer. Plus, with CHIE lagging the equivalent U.S.-focused energy ETFs this year, the risk/reward trade off here currently is not favorable. First Trust Natural Gas ETF (FCG)Source: Shutterstock Expense ratio: 0.60%. The First Trust Natural Gas ETF (NYSEARCA:FCG) is up more than 19% this year, which is an impressive showing for this energy ETF. FCG is a mid-cap fund as highlighted by a median market value of $3.27 billion for the fund's 33 holdings.One of the primary issues with FCG is trusting that this fund will maintain its lead over traditional energy ETFs if oil and natural gas prices stay high and that FCG will not overshoot rival energy ETFs on the downside if energy commodities fall.These are relevant points because FCG has a history of lagging standard energy ETFs like XLE. From 2013 through 2018, FCG never outperformed XLE and during rough years for oil, such as 2014 and 2018, FCG's were much more severe than those incurred by regular energy ETFs.Todd Shriber does not own any of the aforementioned securities.Compare Brokers The post 7 Energy ETFs That Could Be Running Out of Fuel appeared first on InvestorPlace.
Midstream Stocks Outperformed Broader Markets in Q1Crude oil prices Crude oil prices rose ~32% in the first quarter. The strength in crude oil prices and strong fourth-quarter performances drove midstream stocks up in the first quarter. The Alerian