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China is cutting its quarantine time for international travelers to 10 days, which is lending support to sectors like casino stocks. Morgan Stanley just published its Global Exposure Guide, which tracks revenue and cost exposure by region. "While China is a very important source of revenue fo...
High-flying energy shares have hit turbulence in recent weeks but remain, by far, the leading performer for US equity sectors so far in 2022, as of yesterday’s close (June 27), based on a set of ETFs. But with global growth slowing, and recession risk rising, analysts are debat...
Managers of large-cap growth funds mostly eschewed the tech sector, according to Jefferies' analysis of Q2 13-F filings. Managers are underweight Info Tech (NYSEARCA:XLK) at -9.1%, the largest on record. They are also overweight Materials (XLB) by 0.7%, the most ever. They brought down the ov...
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...
Citi is making changes to its quantatative North American Focus List. From an overhead market view its base case is for S&P (SP500) (NYSEARCA:SPY) 4,700 predicated on a soft economic landing, "whereas our mild recession scenario implies downside to 3650 (roughly 18x P/E on $203 2023 EPS)....
Freeport-McMoRan is a copper company, and copper is susceptible to economic closures and economic worry. The company has dramatically improved its financial position from the last downturn, and we expect markets to rebound quickly. The company can generate double-digit FCF in 2023...
The stock market selloff has brought multiples down to just marginally above the 50-plus-year average, Credit Suisse says. "At the start of the year, the 100 most expensive stocks in the S&P 500 (SP500) (SPY) traded at a premium of 25.8x multiple points to the rest of the market," U.S. eq...
Materials Select Sector SPDR ETF (XLB) reports quarterly distribution of $0.5146, with an SEC yield of 1.98%. Communication Services Select Sector SPDR Fund (XLC) reports quarterly distribution of $0.1298, with an SEC yield of 1.07%. Energy Select Sector SPDR ETF (NYSEARCA:XLE) reports quarte...
Multiples and earnings estimates are falling, but a recession is yet to be fully priced, Morgan Stanley says. The S&P 500 (SP500) (NYSEARCA:SPY) would have to fall to 3,000, about 18% from current levels to fully reflect a recession, strategist Mike Wilson wrote in a note Tuesday. "The Be...
Construction materials and mining/metals look attractive in valuation and quality. FXZ is a smarter and more balanced alternative to XLB. 9 stocks cheaper than their peers in June. For further details see: FXZ: Materials Dashboard For June
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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...