XLU - Utilities Select Sector SPDR Fund
60.85 0.00 (0.00%)
After hours: 5:31PM EDT
| Previous Close | 60.61 |
| Open | 60.62 |
| Bid | 0.00 x 21500 |
| Ask | 0.00 x 3000 |
| Day's Range | 60.39 - 60.94 |
| 52 Week Range | 50.81 - 61.38 |
| Volume | 8,802,977 |
| Avg. Volume | 16,722,366 |
| Net Assets | 10.08B |
| NAV | 60.62 |
| PE Ratio (TTM) | 10.02 |
| Yield | 3.10% |
| YTD Return | 16.32% |
| Beta (3Y Monthly) | 0.26 |
| Expense Ratio (net) | 0.13% |
| Inception Date | 1998-12-16 |
- Yahoo Finance Video•6 days ago
Fed's Powell set to testify on Capitol Hill amid questions about his job security
Federal Reserve Chair Jerome Powell is set to testify before lawmakers starting tomorrow. This as White House Economic Advisor Larry Kudlow addressed concerns over Powell's job security. Yahoo Finance's Seana Smith and Brian Cheung discuss.
- Yahoo Finance Video•7 days ago
The Fed's next move should be 'doing absolutely nothing:' Economist
Fed Chair Jay Powell is heading to Capitol Hill. Investors are watching as he is set to testify before the House Financial Services Committee and Senate Banking Committee this week. Yahoo Finance's Seana Smith and RDQ Economics Chief Economist John Ryding discuss.
- MarketWatch•3 days ago
PNM Resources' stock set to selloff after profit warning
Shares of PNM Resources Inc. were indicated down nearly 3% in premarket trading Friday, after the electric utilities company cut its profit guidance for the second quarter and the full year, citing "substantially milder temperatures" in New Mexico. PNM lowered its Q2 earnings-per-share estimate to 36 cents to 38 cents from 57 cents to 59 cents, well below the FactSet consensus of 62 cents. The 2019 EPS guidance range was lowered to $2.05 to $2.11 from $2.10 to $2.20, versus the FactSet consensus of $2.15. "The PNM service territory experienced its mildest second quarter over the last 19 years, resulting in 37% lower cooling degree-days and lower expectations for second quarter ongoing earnings," the company said in a statement. PNM's stock has rallied 22.7% year to date through Thursday, while the SPDR Utilities Select Sector ETF has climbed 15.3% and the S&P 500 has advanced 19.7%.
- Kiplinger•4 days ago
6 Ways to Prepare for the Next Market Decline
The U.S. economy is putting up some impressive numbers in GDP, jobs and wages, but many pundits fear that a slowdown is pending. Trade-war fears with China and the European Union remain front and center in the news. And the yield curve is threatening to invert, meaning short-term interest rates may be moving higher than long-term rates. That's often a sign of pending recession on its own.By some measures, the current expansion is now 10 years old, making it one of the longest on record. That seems ancient, but there's no rule that says it can't continue. Australia is in its 28th consecutive year of economic growth.Even so, all good things do eventually come to an end. And for the U.S. (and for Australia, for that matter), economists are looking for slowdowns. Even the Federal Reserve has indicated it is ready to lower short-term interest rates to combat any problems that may arise.Professional investment managers may look to sell a good deal of their holdings to step aside as the market falls. However, for most individuals, timing the market by selling when conditions seem dicey, and buying back when conditions firm up, is a big mistake. Even the pros don't always get it right, and they have armies of analysts and rooms full of technology at their disposal.Here are six ways to prepare for the next stock market decline. The key is to make smaller adjustments to your portfolio to reduce risk and still be ready to participate when the market resumes its upward march. SEE ALSO: 25 Stocks Every Retiree Should Own
- Zacks•5 days ago
Sector ETFs & Stocks to Bet On This Earnings Season
Investors could place their bet on sectors that are expected to post positive earnings growth.
- Zacks•6 days ago
5 Unbeatable ETF Strategies for 2nd Half
We have highlighted some investing ideas that could prove to be extremely beneficial for investors for the rest of the year in the current market environment.
- Market Realist•7 days ago
Utilities in Focus on Unstable Bond Yields and Rate Cut Hopes
Utilities, which are sensitive to interest rates, rose 1.8% while the S&P; 500 managed to gain almost 2% in the week that ended on July 5.
- Market Realist•10 days ago
Is Lagarde the Right Choice for ECB Chief?
In a surprise move, Christine Lagarde was nominated as the president of the European Central Bank on Wednesday. What are the implications?
- Market Realist•10 days ago
Bond Yields Fall to Record Lows: Is It Time to Go Defensive?
Bond yields continued to fall to record lows this week amid growing anxiety about a global economic slowdown.
- Investopedia•11 days ago
All-Time Highs on Wall Street With More to Come
With the S&P 500 and Dow at all-time highs, it's been a great year for every stock market sector, and margin debt levels have room to grow.
- Market Realist•11 days ago
Utility Stocks Continue to Outperform as Treasury Yields Slide
On Wednesday, utility stocks continued to outperform as benchmark Treasury yields remained weak for the second consecutive day.
- Zacks•12 days ago
Should You Invest in the Fidelity MSCI Utilities Index ETF (FUTY)?
Sector ETF report for FUTY
- Market Realist•13 days ago
Not All Utility Stocks Look Expensive Right Now
The unusual rally in utility stocks has pushed them to record valuation multiples this year. On average, they're currently trading at 19 times their forward earnings!
- Market Realist•13 days ago
The XLU ETF’s Indicators Last Week versus Top Utility Stocks
The Utilities Select Sector SPDR ETF (XLU) has continued to trade close to its peak recently. It closed at $59.63 at last week, almost 1% and 6% above its 50-day and 200-day simple moving averages.…
- Market Realist•13 days ago
Is Joe Biden’s Green New Deal Really Feasible?
Joe Biden has proposed a climate change framework that aims to zero down on carbon emissions and create millions of new jobs by 2050.
- Market Realist•14 days ago
Why Utilities Underperformed the Broader Market Last Week
The defensives and utilities sector fell more than 2% last week while broader markets fell just 0.3%. Here's why.
- MarketWatch•14 days ago
Utilities stocks in unanimous selloff as stock market rally weighs on safe-haven assets, bond proxies
Utilities stocks are unanimously lower Monday, as the easing of tensions in the U.S.-China trade war, and the subsequent surge in the broader stock market, has led to selling in safe-have assets like Treasurys and bond proxies, like high-yielding utilities. The SPDR Utilities Select Sector ETF fell 0.9% in morning trading with all 28 components losing ground, while the Dow Jones Utility Average shed 1.1% with all 15 components declining. Shares of NextEra Energy Inc. fell 1.4% to lead both sector trackers lower. Among other more-active utilities, shares of Southern Co. shed 1.3%, Exelon Corp. gave up 0.7% and Dominion Energy Inc. ropped 1.1%. Meanwhile, the Dow Jones Industrial Average rallied 245 points with 27 of 30 components gaining ground, while the yield on the 10-year Treasury note rose 0.7 basis points to yield 2.007%. The implied yield on the utilities ETF was 3.14% and on the Dow utilities was 3.00%.
- InvestorPlace•14 days ago
5 Utility Stocks to Buy for an Extra Durable Portfolio
[Editor's note: This story was originally published in September 2018. It has since been updated and republished.]Utility stocks were supposed to be yesterday's favorite investment. The theory regarding utility stocks was simple: Robust economic growth coupled with a full labor market was supposed to spark rising inflation. The Fed was supposed to fight rising inflation with rate hikes. Fixed income yields were supposed to rise. Utility stocks, which were long viewed as bond substitutes in an era of ultra-low interest rates, were supposed to fall.But that theory hasn't fully materialized into reality.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe result? Utility stocks haven't lost their shine. With inflation relatively contained and investors ducking into safety, stocks in utilities are still attractive assets to own for dividend yield hunters. Utilities Select Sector SPDR Fund(NYSE: XLU), a utilities ETF, has jumped 13.5% in 2019.The markets' recent volatility has contributed to the XLU's gain, as investors flee toward any safe haven. Not to mention, a number of other catalysts are in play. Inflation isn't soaring higher because technology giants are suppressing inflationary pressures (just think about the downward pressure Amazon (NASDAQ:AMZN) is putting on all consumer goods prices). This trend won't reverse any time soon, and thus, inflationary pressures should remain subdued for the foreseeable future. With those forces subdued, utility stocks have room to rally. * 7 F-Rated Stocks to Sell for Summer With that said, what are the best utility stocks to buy for your portfolio? Here's a list of five stocks that I think are worth a look: American Electric Power (AEP)Considered one of the industry's heavyweights, American Electric Power (NYSE:AEP) is a massive electric utility company that delivers electricity to more than 5 million customers across eleven states. Over the past three months, AEP stock is up 6%.The business right now is doing pretty well, as robust economic strength in the company's core markets has boosted the business. Overall, sales and earnings are both trending higher at a healthy rate. Sempra Energy (SRE)Another one of the industry's heavyweights is Sempra Energy (NYSE:SRE), the multi-faceted energy company that provides energy services to more than 40 million customers globally across Southern California, Texas, Chile and Peru. In 2019, SRE stock is up 27%.Sempra's business is doing well: Both revenues and earnings are trending higher amid a favorable economic backdrop. Plus, the company is continuing its energy diversification efforts by expanding its liquid natural gas (LNG) business, something which the company feels can help fuel sustainable long-term growth. * 7 F-Rated Stocks to Sell for Summer The dividend yield on SRE stock sits right around 2.8%. That isn't great, but it's right around where the yield has been over the past several years. Duke Energy (DUK)Next up is electric power and gas utility giant Duke Energy (NYSE:DUK). Much like the other names on this list, Duke's operations are stable and healthy. That said, DUK stock is down 2% over the past five days. That's contributed to an increased dividend yield, at 4.2%.Business remains fine, mostly thanks to favorable weather and strengthening economic conditions. And Duke's revenues and earnings have been trending consistently higher at a slow and stable rate.This level of growth should persist for the next several years as economic conditions remain solid. American Water Works Company (AWK)Although electricity and power are very important utilities, another utility of equal importance is water, and that is where American Water Works Company (NYSE:AWK) comes into the picture.American Water provides waters services to 15 million people across 46 states and Canada. That makes American Water the largest and most diverse publicly traded water company. Moreover, American Water is planning on spending a whole bunch of money over the next several years to modernize water distribution infrastructure, an investment that will likely lead to rate hike approvals and robust long-term earnings growth. * 7 F-Rated Stocks to Sell for Summer AWK stock has a dividend yield of 1.7%. That isn't great. But, what the company lacks in dividend yield, it makes up for in earnings growth, which should be able to run around 10%-per-year for the next several years. That combination of healthy earnings growth and stable yield should make AWK stock a winning investment. NextEra Energy (NEE)Perhaps the utility stock with the most long-term earnings-growth potential on this list is NextEra Energy (NYSE:NEE). That is because not only does NextEra operate a massive utility business like the other utility players on this list, but the company is also a leading player in renewable energy and battery storage.Over the past decade, this company has grown earnings and dividends at an 8%-per-year clip, and that robust growth should continue so long as the company's renewable business continues to scale.The one thing to be worried about when it comes to NEE stock is that the dividend yield is at 2.4%, which is a five-year low. But earnings growth is robust, and it is large enough to compensate for a historically low dividend yield.As of this writing, Luke Lango was long AMZN and AWK. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 F-Rated Stocks to Sell for Summer * 7 Stocks to Buy for the Same Price as Beyond Meat * 7 Penny Marijuana Stocks That Are NOT Cheap Stocks Compare Brokers The post 5 Utility Stocks to Buy for an Extra Durable Portfolio appeared first on InvestorPlace.
- Market Realist•18 days ago
XLU: Why Did Utility Stocks Fall on June 26?
Utility stocks fell, while the benchmark Treasury yields rose on June 26. The Utilities Select Sector SPDR ETF (XLU), the representative of top utility stocks in the country, fell 2.2%.
- MarketWatch•19 days ago
REIT, utilities sector trackers suffer unanimous declines as Treasury yields jump
The real estate investment trust and utilities sectors were the biggest losers of the S&P 500's 11 key sectors, and their weakness was unanimous, as a big jump in Treasury yields helped lure investors away from the high-yielding sector. The SPDR Real Estate Select Sector ETF slumped 2.1% with all 32 of its equity components losing ground and SPDR Utilities Select Sector ETF shed 2.0% with all 28 components declining. REITs are utilities are often seen as bond proxies, given their high yields, while the S&P 500 eased 0.1%. The REIT ETF's dividend yield was 3.38% and the utilities ETF's yield was 3.11%, compared with the implied yield for the S&P 500 of 1.98%, according to FactSet. Meanwhile, Treasury prices fell, to push the yield on the 10-year Treasury note up 5.1 basis points to 2.045%, after Treasury Secretary Steven Mnuchin raised hopes that a U.S.-China trade deal was near.
