|Bid||0.00 x 1000|
|Ask||0.00 x 21500|
|Day's Range||67.38 - 68.62|
|52 Week Range||60.97 - 76.27|
|PE Ratio (TTM)||22.84|
|Beta (3Y Monthly)||0.99|
|Expense Ratio (net)||0.14%|
At the October low of the S&P 500's largest component, technology, the sector saw the percentage of components at new 52-week lows expand to 17%, nearly the level at which it peaked at during the 2015-2016 correction. This signaled to us that the breadth of this sector was far worse than in Q1, despite prices being nowhere near their Q1 lows.
November marked the second straight month of investors’ bearishness with 44% of them believing that global economic growth will decelerate in the next 12 months. It believes that investor sentiment could take a sudden turn for the worse. While 16% of investors surveyed in October thought that the stock market has peaked, the number increased to 30% in November.
It’s been a case of kick Apple shares while they’re down as more analyst downgrades hurt the stock on Wednesday when Guggenheim Partners lowered its rating on the tech giant from “buy” to “neutral,” citing ...
The lucrativeness of technology stocks has won the hearts of millions of active traders over the past couple of decades. The dominant uptrend that has fueled the technology sector since the start of 2017 is most clearly shown on the chart of the Technology Select Sector SPDR Fund. Fundamentally, the XLK ETF is one of the funds that is looked at most closely by active traders who seek to determine the overall direction of the broad technology market.
This article was originally published on ETFTrends.com. As if a gloomy guidance on future iPhone sales and analyst downgrades weren't enough, there was more pain on Monday for shares of Apple and exchange-traded funds (ETFs) with the largest exposure to the tech giant. Lumentum Holdings, the company responsible for the iPhone’s face-recognition technology, reduced its outlook for fiscal second quarter 2019, causing both its shares and Apple shares to slide. Apple declined over 4% while Lumentum shares sank a record 30% as of 12:15 p.m. ET.
Shares of Apple Inc. fell 0.7% in premarket trade Monday, after J.P. Morgan cut its earnings estimates on the technology giant, citing new forecasts for modest declines in iPhone shipments for this year and next. Analyst Samik Chatterjee cut his stock price target, for the second time this month, to $266 from $270, but kept his rating at overweight. He said the lower earnings outlook is because of a weaker macro-economic environment in emerging markets, such as China, which is driving softer consumer confidence in certain countries, and a stronger U.S. dollar, which is making iPhones more expensive in foreign currencies. He cut his annual iPhone volume expectations for calendar 2018 to 214 million from 216 million and for 2019 to 208 million from 218 million, while his earnings-per-share estimates drop by 10 cents in fiscal 2019 and fiscal 2020. On Nov. 2, Chatterjee had trimmed his stock price target to $270 from $272 to reflect U.S. dollar strength concerns. Apple's stock has lost 1.5% over the past three months, while the SPDR Technology Select Sector ETF has dropped 4.4% and the Dow Jones Industrial Average has gained 2.7%.
Wikileaks founder Julian Assange faces criminal charges. The President signs a bill to create a cyber security and infrastructure security agency. Election officers hand count ballots in Florida. A portrait breaks the record for most expensive painting sold by a living artist at $90.3 million. Yahoo Finance's Adam Shapiro discusses.
Markets turn downward as tech stocks continue slide. Yahoo Finance's Seana Smith and Adam Shapiro talk with Scott Gamm at the NYSE.
Apple still on the minds of investors who are closely watching the stock. Yahoo Finance's Adam Shapiro, Seana Smith, Andy Serwer and Randy Frederick - Vice President of Trading and Derivatives, Schwab discuss..