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Summary Shipping rates have declined significantly in 2022 with dry bulk rates down as much as 89% and container rates down as much as 45%. Sea freight shipping rates are an indicator of economic conditions due to inelastic supply. Lower shipping rates are suggesting lower inf...
Summary On Friday, the markets digested comments from Federal Reserve chairman, Jerome Powell that came from the Jackson Hole economic symposium. Based on his comments, the Fed Chair left little doubt the push higher in short-term interest rates will continue. In other words, ...
Summary Materials stocks were seen at times as a safe spot amid a world of rising commodity prices earlier this year. Following a June-July swoon, a summer rally and strong earnings results helped lift XLB in July. A recent 'throwback' to support illustrates the tug-of-war bet...
U.S. equity markets failed to extend their weekly winning streak as hawkish commentary from Fed officials sparked renewed pressure on bonds and sent benchmark interest rates back to four-week highs. Following a four-week rally that had erased over half of the benchmark's year-to-date ...
The S&P Materials index closed this trading week in red, down 1.95%, one of the top losers for the five-day period. The Materials Select Sector SPDR ( XLB ) also dropped 1.36%. The commodities market felt some pressure at the start of the week, after China's econ...
A notable lone bright spot in 2022 is shining over the broader stock market. Can this absolute and relative outperformance last? The selected component parts may serve some investors better than buying the whole. A notable bright spot In what has been an otherwise di...
The S&P 500 on Friday snapped a four-week winning streak, ending 1.21% lower for the five-day session. After hefty gains that has seen the benchmark index add nearly 11% since mid-July, the past few days have been marked by a bout of profit-taking. Investors digested a host ...
Mining/metals and construction materials are undervalued relative to historical averages. Fast facts on VAW, an alternative to XLB. 8 stocks cheaper than their peers in August. This monthly article series shows a dashboard with aggregate industry metrics in materials. It...
VHI posted strong Q2 2022 results, beating the market EPS and revenue estimates. The company saw 20% jump in revenue and a 30% increase in net income compared to Q2 2021. I assign a buy rating for the company after considering attractive valuation and strong quarterly results. ...
The S&P 500 on Friday recorded its fourth straight weekly gain, after ending 3.26% higher for the week. It recorded losses in four of the five sessions. The SPDR S&P 500 Trust ETF ( NYSEARCA: SPY ) firmed 3.30% for the week alongside the benchmark index. The ETF is ...
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2024-07-08 11:38:00 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...
2024-06-28 12:22:00 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...
2024-03-09 06:20:00 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...