Fri, Jun. 17, 7:24 PM
- SPDR S&P Healthcare Services ETF (NYSEARCA:XHS) $0.0392. 30-Day Sec yield of 0.28%.
- SPDR S&P Metals & Mining ETF (NYSEARCA:XME) $0.0779. 30-Day Sec yield of 1.25%.
- SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) $0.0731. 30-Day Sec yield of 0.99%.
- SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH) $0.0684. 30-Day Sec yield of 0.70%.
- SPDR S&P Retail ETF (NYSEARCA:XRT) $0.1523. 30-Day Sec yield of 1.32%.
- SPDR S&P Semiconductor ETF (NYSEARCA:XSD) $0.1018. 30-Day Sec yield of 0.66%.
- SPDR S&P Software & Services ETF (NYSEARCA:XSW) $0.0291. 30-Day Sec yield of 0.18%.
- SPDR MSCI USA Quality Mix ETF (NYSEARCA:QUS) $0.3275. 30-Day Sec yield of 2.07%.
- SPDR S&P Telecom ETF (NYSEARCA:XTL) $0.1828. 30-Day Sec yield of 1.18%.
- SPDR S&P Transportation ETF (NYSEARCA:XTN) $0.1014. 30-Day Sec yield of 0.78%
- Payable June 27; for shareholders of record June 21; ex-div June 17. 30-Day Sec yield as of 6/16/16.
Fri, Mar. 18, 3:16 PM
- SPDR S&P Biotech ETF (NYSEARCA:XBI) - quarterly distribution of $0.0578. 30-Day Sec yield of 0.78% (as of 3/16/2016).
- SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) - quarterly distribution of $0.0620. 30-Day Sec yield of 2.53% (as of 3/16/2016).
- SPDR S&P Homebuilders ETF (NYSEARCA:XHB) - quarterly distribution of $0.0521. 30-Day Sec yield of 0.64% (as of 3/16/2016).
- SPDR S&P Healthcare Services ETF (NYSEARCA:XHS) - quarterly distribution of $0.0238. 30-Day Sec yield of 0.29% (as of 3/16/2016).
- SPDR S&P Metals & Mining ETF (NYSEARCA:XME) - quarterly distribution of $0.0889. 30-Day Sec yield of 2.28% (as of 3/16/2016).
- SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) - quarterly distribution of $0.0859. 30-Day Sec yield of 1.51% (as of 3/16/2016).
- SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH) - quarterly distribution of $0.0266. 30-Day Sec yield of 0.72% (as of 3/16/2016).
- SPDR S&P Retail ETF (NYSEARCA:XRT) - quarterly distribution of $0.1520. 30-Day Sec yield of 1.17% (as of 3/16/2016).
- SPDR S&P Semiconductor ETF (NYSEARCA:XSD) - quarterly distribution of $0.0519. 30-Day Sec yield of 0.65% (as of 3/16/2016).
- SPDR S&P Software & Services ETF (NYSEARCA:XSW) - quarterly distribution of $0.0838. 30-Day Sec yield of 0.29% (as of 3/16/2016).
- SPDR MSCI USA Quality Mix ETF (NYSEARCA:QUS) - quarterly distribution of $0.3087. 30-Day Sec yield of 2.09% (as of 3/16/2016).
- SPDR S&P Telecom ETF (NYSEARCA:XTL) - quarterly distribution of $0.1775. 30-Day Sec yield of 2.16% (as of 3/16/2016).
- All are payable Mar. 29; for shareholders of record Mar. 22; ex-div Mar. 18.
Dec. 18, 2015, 5:51 PM
Sep. 18, 2015, 1:41 PM
Aug. 11, 2015, 11:35 AM
- Commodity metals are getting hammered by China's devaluation, with aluminum trading down nearly 2%, copper prices lower by 2.5% and nickel plunging more than 3.5%.
- Hardest hit of the mining stocks is Freeport McMoRan (FCX -14.1%), which has completely surrendered yesterday's 10.8% surge; shares now are down 72% over the past year and 57% YTD.
- Iron ore miners are sharply lower: BHP -5.5%, RIO -4.2%, VALE -7.8%, CLF -7.3%.
- Steel companies: X -9.7%, MT -5.1%, AKS -5.7%, NUE -2.9%, STLD -3.5%, CMC -4%.
- Also: AA -6%, CENX -4.9%, TCK -8.2%, SCCO -4.9%.
- ETFs: XLB, JJC, XME, SLX, PEO, VAW, COPX, DBB, UYM, CU, IYM, JJN, SMN, JJU, PICK, MATL, CPER, JJT, BOM, RJZ, FXZ, PYZ, BOS, FOIL, JJM, LD, BDD
Jun. 19, 2015, 2:12 PM
Jun. 5, 2015, 12:41 PM
- The overall market capitalization of the world's 40 biggest miners has been cut in half over four years, sinking 16% Y/Y to $791B at the end of 2014, according to the latest annual survey by accounting firm PricewaterhouseCoopers.
- PwC said the top 40 miners' return on capital employed fell to its lowest level since at least 2005, and few companies, including Randgold Resources (NASDAQ:GOLD) and Norlisk Nickel (OTCPK:NILSY), topped 15%.
- The top 40's dividend coverage was just 1.1x, a practice PwC says "isn’t sustainable in the long term... dividends paid in 2014 consumed all available cash, reducing the balance sheet flexibility of miners."
- The consequence of the payouts and the falling market cap is that miners’ dividend yield rose to 5%, the highest in a decade.
- ETFs: GDX, NUGT, GGN, DUST, SIL, GLDX, XME, COPX, SGDM, BCX, ASA, SLVP, CU, RING, HAP, IRV, PSAU, MXI, GNR, TGLDX, PICK
Mar. 20, 2015, 2:21 PM
Mar. 4, 2015, 7:47 AM
- The open bars, oysters, prime rib, rowdy parties, and luxury hotel suites are a thing of the past at the annual Toronto gathering of the Prospectors and Developers Association of Canada, having instead given way to chips and dip and Airbnb rentals thanks to the years-long slump in the sector.
- "I’m really depressed that I have to drink bourbon versus single malt scotch, it just doesn’t do it for me," says Ben Cox, CEO of Aston Bay Holdings (check out a price chart; it's a bet his shareholders feel even worse). "Everyone is panicked in the industry. If you are not humbled this year, whether you work for a major or a junior or anyone in-between, you are insane."
- "Flat is the new up," says another attendee. The gathering is "a little bit depressing," but a sign of the times.
- ETFs: GDXJ, JNUG, XME, JDST, SILJ, IGE, JUNR, PICK
Jan. 14, 2015, 7:57 AM
- Mining stocks look headed for sizable losses, as copper prices sink to five-and-a-half year lows and the World Bank lowers its forecast for global economic growth.
- Glencore (OTCPK:GLCNF, OTCPK:GLNCY) -11.5% in London trading, Antofagasta (OTC:ANFGF) -7% in London, Anglo American (OTCPK:AAUKF, OTCPK:AAUKY) -9.5% in London, Vedanta (OTCPK:VDNRF) -18% in London, Rio Tinto (NYSE:RIO) -4.3% premarket in the U.S., VALE -2.9%, FCX -5.1%, CLF -2.6%.
- BHP Billiton (NYSE:BHP) -7.5% in London and -5.5% U.S. premarket after S&P Capital IQ downgraded shares to Hold from Buy, expecting "weaker commodity prices to increasingly impact on group profits as hedges expire and see currency headwinds from a stronger [U.S. dollar]."
- ETFs: XLB, XME, SLX, COPX, VAW, UYM, CU, IYM, HAP, IRV, MXI, SMN, GNR, GUNR, PICK, MATL, FXZ, PYZ, CRBQ, RTM, CCXE, FMAT, GRES, SBM
Dec. 19, 2014, 1:37 PM
Mar. 12, 2014, 6:56 PM
- While steep drops in copper, iron ore and coking coal prices have spooked investors, KGHM chief Derek White says there's no need for mining executives to panic - at least not yet.
- There's no real threat to copper mining operations at a long-term copper price ~$3/lb., White says, but that could change if the price drops below $2.50 for a prolonged period.
- Iron ore prices have performed better than expected in recent years, and this week’s drop brings them closer to many forecasts; analysts believe most iron ore projects are fine at a long-term price above $100/metric ton.
- Coking coal's current $110/metric ton is still not low enough to disrupt most operations, with some exceptions; TD Securities expects Teck Resources (TCK) to defer its Quintette project in British Columbia until the market recovers.
- ETFs: XME, COPX, CU, JUNR, PICK, JJC, DBB, CPER, RJZ, BOM, BOS, JJM, BDD, CUPM, RGRI, UBM, BDG, USMI, HEVY
Mar. 10, 2014, 10:45 AM
- The 8.3% dive in the price of iron ore to $104.70 per ton is the 2nd largest one-day decline on record, and came following weekend data showing an 18.1% Y/Y slump in Chinese exports in February (a gain of 7.5% was expected). While miners like BHP and RIO remain optimistic about supply/demand dynamics (though dour on price prospects), Goldman - picking one analyst team - sees the market moving into surplus in H2 and prices falling below $100 per ton.
- The Shanghai Composite fell 2.9% overnight and Brazil's Bovespa is down 2% in the early-going. Australia (EWA) declined 0.9% and the aussie (FXA) is off 0.6% to $0.9017.
- The steelmaking ingredient is off 22% YTD and at its lowest price since October 2012.
- In the meantime, the rumors are flying, including speculation a mill in China's Shanxi province defaulted on Friday and shut five to six furnaces. There's also chatter about banks looking to call in 20% of loans to private steel companies.
- EWZ -2.1%, VALE -2.8%.
- Brazil ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRAZ, BZQ, BRZU, BRAF, UBR, BRZS, DBBR, FBZ
- Base metal mining ETFs: XME, JUNR, PICK
Nov. 15, 2013, 12:52 PM
- The basic materials sector has badly lagged the broader market YTD, and Miller Tabak's Jonathan Krinsky surmises investor rotation into the group is likely if the overall market rally is set to continue.
- Krinsky's charts tell him the sector has been making higher lows since the 2009 bottom, but unlike the broad market and many other sectors, it has yet to clear its 2007-08 highs, giving the look of an ascending triangle - and the presumption of an upside resolution.
- ETFs: XLB, XME, JUNR, PICK, MSXX, FMAT.
Sep. 12, 2013, 2:58 PM
- Oppenheimer analysts are believers in the materials sector, citing increasing evidence that the global economy is modestly improving from its recent lethargic pace of growth, particularly in emerging markets.
- Strategas isn't so sure; despite some stronger equity performance in recent weeks, it sees the persistence of cyclical weakness in emerging economies and the apparent forming of a structural consolidation in global commodities complex; it favors companies with a higher domestic revenue profile over those with a broader global footprint.
- Vulcan Materials (VMC) gets just 1% of its revenue overseas, while Airgas (ARG) has just 2%; those least exposed to the U.S. economy include Newmont Mining (NEM), which gets all of its revenue abroad, and International Flavors (IFF) and Owens-Illinois (OI), which each get 23%-24% of sales at home.
- ETFs: XLB, XME, EMT, PICK, JUNR. MSXX.
Sep. 11, 2013, 10:56 AM
- BofA Merrill Lynch sees huge contrarian value in global mining and steel companies while investors remain underweight in their holdings.
- A stronger global economy is coming, BAML says, noting China has been restocking iron ore, the pace of copper destocking in the country has slowed, and global steel prices have been rising.
- The top buys from the firm: ATI in steel, CNX in coal, ABX and KGC in precious metals, KALU in aluminum, and SCCO in copper, plus diversified miners FCX and VALE.
- ETFs: XME, XLB, EMT, PICK, JUNR, MSXX.
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