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Basic materials sector plunged 14.1% for the month of June and 19% on YTD basis. The industry is trading at a PE ratio of 24.3x, lower than its 3-year average PE of 27.1x. Analysts are positive on the Construction Materials industry with annual earnings growth expectation of 19% ove...
When market conditions change or at times when our trading begins to rack up losses, the best thing we can do as a professional is to go to cash. Over the next 12 to 24+ months, we expect very large price swings in the US stock market. Historically, bonds have served as one of the...
The material sector closed this trading week in green, with S&P 500 Materials registering 2.53% gain and the Materials Select Sector SPDR ETF (NYSEARCA:XLB) up 2.07%. Iron ore prices fell over 8% on Monday as steel mills idled blast furnaces due to growing pessimism over th...
The S&P Materials sector closed the trading week in red at -5.27%. The Materials Select Sector SPDR (NYSEARCA:XLB) was also down around 6%. Gold and palladium witnessed sharp declines on Monday, as the dollar rallied on the increasing likelihood of steep interest rate hikes by t...
The S&P Materials sector closed the trading week in red at -6.73% as copper and other industrial metals fell in the wake of recession concerns and renewed COVID-19 restrictions in China. The Materials Select Sector SPDR (NYSEARCA:XLB) was also down 6.55%. Three-month copper...
Chicago lumber futures fell as low as $568.40 per 1,000 board feet on Wednesday to the cheapest since September, according to Bloomberg, as higher interest rates and soaring home prices begin to take a toll on home sales. July lumber (LB1:COM) settled at $573 per 1,000 board feet, extending t...
High energy prices will be a major political problem in both the European Union and the United States, especially if we get to $150 this summer. Any move in bond yields above 3.20% will be a major problem for the stock market. A slowdown in construction and improved supply to the ...
The fundamentals for lumber, like a lot of commodities, had been favorable. Supply bottlenecks and persisting pandemic plight would limit how much production could make it to market, inelasticity taken for granted as somewhat permanent/durable, thereby constantly susceptible to what other...
The S&P Materials sector closed this trading week in green with a marginal gain of 0.30%. The Materials Select Sector SPDR (XLB) was also up +0.66%. Lumber futures fell to seven-month lows this week, in a stark reversal from all-time highs set last year during the COVID-fueled homebuildin...
The S&P Materials sector closed this trading week in green at +1.95%, one of the top gainers for the five-day period. The Materials Select Sector SPDR (NYSEARCA:XLB) was also up +1.01%. Copper prices extended recent gains on Friday on optimism about a revival of demand in top me...
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2024-04-25 16:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-16 18:04:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-01-23 08:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...