SPDR S&P Transportation ETFNYSEARCA
Tue, Nov. 15, 7:45 PM
- The big gains in infrastructure stocks in anticipation of government spending on roads and bridges in a new Trump administration have some analysts warning that the rally is "getting long in the tooth."
- Among relevant companies up at least 12% since last Tuesday's election: PWR, FLR, VMC, JEC, MLM, KBR, ACM, SUM, EXP.
- One former infrastructure bull, Daniel Clifton of Strategas Research, thinks lofty expectations are now priced into the group, adding that the belief that fiscal conservatives in Congress who have long opposed increasing the deficit would suddenly pass a trillion dollars in spending has become too optimistic.
- Clifton also says Trump’s infrastructure plan in its current form relies entirely on private financing and “has little to do with the actual stocks that are rallying.”
- Greg Valliere, chief global strategist at Horizon Investments, reminds that "Washington moves slowly on huge projects like this, and there’s a lag time on the economic response."
- ETFs: XHB, ITB, XLI, PHO, IYT, VIS, XTN, FIDU, IYJ, PKB, FXR, UXI, RGI
Wed, Nov. 9, 2:20 AM
- Regardless of election calls tonight -- Donald Trump is reported to have 265 of a needed 270 electoral votes, to Hillary Clinton's 218 -- Clinton campaign chair John Podesta works to send her rally home, saying Clinton won't concede any election tonight: "We're not gonna have anything more to say tonight," Podesta says, adding "she is not done yet."
- There are still several states counting, he says -- though Trump is quite close to the needed count.
- Meanwhile, Jefferies Group looks ahead to the almost certain Trump presidency and says the most underrated theme is "the slashing of the corporate tax rate and the end of gridlock."
- It means a knee-jerk drop in the dollar, the firm says -- the euro's now up 1.6% against the greenback, which is off 2.7% against yen -- and a fall in indexes. But dollar weakness will help much of the S&P 500, it says, considering the 35-40% of revenues that come from overseas.
- "Sentiment toward the healthcare sector ought to swing initially away from draconian fears over drug pricing," the report from Sean Darby and team says. They're also "modestly bullish" on transports, with better growth prospects.
- The main risk, Jefferies says, is "monetary policy uncertainty and unwinding tight credit spreads."
- Healthcare ETFs: XBI, IBB. Transport ETFs: IYT, XTN, FTXR
- Broad market ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, RWL, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA, QQXT, SPUU, SPXE, LLSP, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV, TALL.
Fri, Sep. 16, 3:29 PM
- SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH) - $0.0599. 30-Day Sec yield of 0.43%.
- SPDR S&P Retail ETF (NYSEARCA:XRT) - $0.1470. 30-Day Sec yield of 1.33%.
- SPDR S&P Semiconductor ETF (NYSEARCA:XSD) - $0.0850. 30-Day Sec yield of 0.64%.
- SPDR S&P Software & Services ETF (NYSEARCA:XSW) - $0.1528. 30-Day Sec yield of 0.32%.
- SPDR MSCI USA Quality Mix ETF (NYSEARCA:QUS) - $0.3087. 30-Day Sec yield of 1.80%.
- SPDR S&P Telecom ETF (NYSEARCA:XTL) - $0.1806. 30-Day Sec yield of 1.03%.
- SPDR S&P Transportation ETF (NYSEARCA:XTN) - $0.0863. 30-Day Sec yield of 0.65%.
- SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) - $0.0141. 30-Day Sec yield of 0.08%.
- Payable Sept. 26; for shareholders of record Sept. 20; ex-div Sept. 16. 30-Day SEC yield as of 9/15/2016.
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.
Wed, Apr. 6, 12:07 PM
- Transportation stocks have decoupled from broad market averages this week on some macroeconomic concerns.
- Notable movers include Heartland Express (HTLD -2.3%), Universal Truckload Services (UACL -3.8%), Kansas City Southern (KSU -1.7%), CSX Corp (CSX -1%), Genesee & Wyoming (GWR -1%), Spirit Airlines (SAVE -0.7%), Allegiant Travel (ALGT -2.7%), Ryder System (R -1.4%), and Werner Enterprises (WERN -1.2%).
- Related ETFs: IYT, XTN
- Now read U.S. Equity And Economic Review: Could We Rally From Here? Edition
Fri, Mar. 18, 3:38 PM
- SPDR S&P Transportation ETF (NYSEARCA:XTN) - quarterly distribution of $0.0804. 30-Day Sec yield of 0.74% (as of 3/16/2016).
- SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) - quarterly distribution of $0.0107. 30-Day Sec yield of 0.37% (as of 3/16/2016).
- SPDR Russell 1000 Low Vol ETF (NYSEARCA:LGLV) - quarterly distribution of $0.3917. 30-Day Sec yield of 2.51% (as of 3/16/2016).
- SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) - quarterly distribution of $0.3675. 30-Day Sec yield of 1.75% (as of 3/16/2016).
- SPDR S &P 1500 Value Tilt ETF (NYSEARCA:VLU) - quarterly distribution of $0.4496. 30-Day Sec yield of 2.38% (as of 3/16/2016).
- SPDR S&P 500 High Dividend ETF (NYSEARCA:SPYD) - quarterly distribution of $0.2772. 30-Day Sec yield of 4.15% (as of 3/16/2016).
- SPDR S&P 500 Fossil Fuel Free ETF (SPYX) - quarterly distribution of $0.2381. 30-Day Sec yield of 1.88% (as of 3/16/2016).
- SPDR Russell 1000 Momentum Focus ETF (NYSEARCA:ONEO) - quarterly distribution of $0.2556.
- SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) - quarterly distribution of $0.3144.
- SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) - quarterly distribution of $0.4792.
- SPDR SSGA Gender Diversity Index ETF (SHE) - quarterly distribution of $0.0731.
- All are payable Mar. 29; for shareholders of record Mar. 22; ex-div Mar. 18.
Dec. 18, 2015, 5:59 PM
Dec. 2, 2015, 12:17 PM
- Transportation stocks are lower on the day on some broad macroeconomic concerns. Some BAML downgrades in the sector are also weighing on sentiment.
- Trading is notably weak in CXS Corp (CSX -2.3%), American Railcar Industries (ARII -2.6%), Kansas City Southern (KSU -1.9%), YRC Worldwide (YRCW -5.7%), Heartland Express (HTLD -3.7%), Swift Transportation (SWFT -3%), FedEx (FDX -0.9%), UPS (UPS -0.5%), Air Transport Services (ATSG -1.7%), and Matson (MATX -2.5%).
- A notable exception to the sector slide is airline stocks which are showing strength after Delta Air Lines (DAL +2.7%) reported some eye-opening capacity constraint. The major carrier increased passenger revenue per available seat mile sand load factor during November. A 3% decline in crude oil prices is also factoring in to the rally in airline stocks.
- United Continental (UAL +3.2%), Hawaiian Holdings (HA +2.9%), Southwest Airlines (LUV +2.3%), and Republic Airways Holdings (RJET +4.4%) are all solidly higher.
- The Dow Jones Transportation Average is down 0.8% off the conflicting forces of gravity.
- Related ETFs: IYT, XTN, JETS.
Oct. 13, 2015, 1:12 PM
- Transportation stocks are weak today on macroeconomic concerns and with a guidance cut from Ryder capturing some attention. Investment firms have also chipped away at the airline and railroad sectors with downgrades and price target revisions.
- The move lower includes a wide variety of trucking, freight, and logistics stocks. FedEx (FDX -1.4%), Norfolk Southern (NSC -1.5%), CSX Corporation (CSX -1.7%), Knight Transportation (KNX -4.8%), J.B. Hunt Transport Services (JBHT -2.4%), Landstar System (LSTR -1.5%), Heartland Express (HTLD -2.7%), Air Transport Services Group (ATSG -1.6%), Allegiant Travel (ALGT -3.4%), Virgin America (VA -4.3%), and Hub Group (HUBG -2.9%) are all lower than broad market averages.
- The Dow Jones Transportation Average is off 1.76% vs. the S&P 500 -0.26%.
- Related ETFs: IYT, XTN.
Sep. 18, 2015, 1:44 PM
Sep. 3, 2015, 3:12 PM
- How bad a year has it been for multi-industry stocks? Year-to-date underperformance relative to the S&P 500 is among the poorest in a decade and has gotten worse in recent weeks, say Goldman analyst Joe Ritchie and team. The negative news is no secret: Broad industrial de-stock, softening oil capex, the strong dollar, and the troubles in China. Because of this, the team remains Neutral on the beaten-up sector, but does have a few names investors should steer clear of:
- With de-stock keeping U.S. industrial growth in a "headlock," the implications are particularly negative for Sell-rated Emerson Electric (NYSE:EMR), WW Grainger (NYSE:GWW), and Neutral-rated Parker-Hannifin (NYSE:PH) and Rockwell Automation (NYSE:ROK).
- With oil capex going from bad to worse, and oil lower for longer, the Street is underestimating the impact of price declines for Dover (NYSE:DOV), Emerson, and Flowserve (NYSE:FLS). On the flip side, lower input costs should be a boon to Buy-rated Illinois Tool Works (NYSE:ITW) and Neutral-rated 3M (NYSE:MMM).
- The weaker China backdrop is most negative for Emerson, and Neutral-rated Eaton (NYSE:ETN) and Colfax (NYSE:CFX). Though Buy-rated Honeywell (NYSE:HON) and ITT Corp (NYSE:ITT) have exposure, growth is more insulated due to their market share gains.
- Source: Barron's Ben Levinsohn
- ETFs: XHB, ITB, XLI, PHO, IYT, ITA, VIS, PPA, XTN, XAR, FIDU, PKB, IYJ, FXR, UXI, PRN, RGI, SIJ, PSCI, AIRR
Aug. 28, 2015, 10:50 AM
- UBS lines up three transportation stocks it sees as trading at attractive valuations.
- FedEx (FDX -0.2%): The shipping giant trades at a discount to UPS and is leveraged to e-commerce growth, notes the investment firm. The UBS price target of $195 implies 27% upside potential.
- Knight Transportation (KNX +2.9%): Lower fuel costs and strong GDP numbers bode well for the trucking stock. UBS has a price target of $33.
- Kansas City Southern (KSU +0.9%): UBS thinks additional capacity could make a difference for the railroad. A 19% breakout for shares to $111 is seen.
- Related ETFs: IYT, XTN.
Jun. 19, 2015, 2:16 PM
May 15, 2015, 11:02 AM
- Dow Theory types have something to worry about thanks to a widening spread between the record-setting DJIA (NYSEARCA:DIA) and the underperforming Dow Jones Transportation Average (XTN, IYT).
- The divergence began last November when the Transports hit a record-high. Since, the Transports are down 6.7% while the DJIA is ahead more than 2%.
- The editor of TheDowTheory.com, Jack Schannep found 14 instances of wide divergences over the last 25 years. In nine of them, the broader market subsequently declined by less than 10%, but in the other five, the fall averaged 25.7%, i.e. a full-scale bear market.
- ETFs: DIA, DOG, DXD, UDOW, SDOW, DDM, UDPIX
Mar. 20, 2015, 2:24 PM
Dec. 19, 2014, 1:44 PM