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Tuesday, April 16, 11:29 AM Homebuilder stocks aren't taking much encouragement off the bigger number in Housing Starts today, as the underlying data doesn't appear to be strong enough to offset yesterday's drubbing: BZH -0.7%, TMHC -0.2%, HOV -0.2%, DHI +0.9%, KBH +0.5%, PHM +1.6%, LEN +0.9%, TOL +1%. Building materials suppliers on the other hand don't care what kind of homes are being built, and are having a much better day on the news: LII +2.3%, WSO +2%, SHW +3.3%, LPX +3.6%). Comment!
Tuesday, January 8, 3:29 PM Vanguard's recent expense reduction means 9 of its 10 sector ETFs are now the cheapest available to U.S. investors. With an annual expense ratio of just 0.14%, VOX, VPU, VCR, VDC, VDE, VHT, VIS, VGT, and VAW stack up favorably vs. the 0.18% charged by State Street's Sector SPDRs (XLU, XLY, XLP, XLE, XLF, XLV, XLK, XLI, XLB and XTL which charges 0.35%) and the 0.47%-0.48% iShares sector ETFs (RXI, KXI, IYE, IYF, IYZ, IYH, IDU, IYW, IYM, IYJ) charge. At 0.19%, Vanguard Financials (VFH) is still slightly more expensive than the Financial SPDR (XLF). 2 Comments
Tuesday, March 20, 2012, 8:33 AM The slides from the BHP presentation that's got markets spooked this morning. Slide 7 highlights the company's expectation that Chinese iron ore consumption - after more than quintupling between 2000 and 2012 - is not expected to be much higher in 2020 than it is today. 3 Comments [Global & FX, Commodities]
Tuesday, March 20, 2012, 7:09 AM Miners are leading declines in Europe following a BHP executive's comments that Chinese demand for iron ore is flattening out. Competitor Rio Tinto (RIO) quickly trotted out one of its execs to say solid growth continues in China, but the damage was done. BHP -2.9%, RIO -3.3% premarket. Aussie dollar -1.1%. Comment! [Global & FX, Commodities]
Friday, March 16, 2012, 10:21 AM Taking its signal from rising bond yields, HSBC suggests cyclicals will outperform as higher rates are a sign nominal demand is rising. The main casualties: healthcare and consumer staples. As for being a threat to the entire market, HSBC believes this is only true at real yields above 4% (they're negative now), but "a sharp rise in bond yields is a threat from whatever level." Comment! [Quick Ideas, U.S. Economy]
Monday, March 12, 2012, 3:32 PM "Last year you only had to get 2 things right," says Jeff Saut, "You had to raise cash in March/April and put it back to work during the bottoming sequence of August-October." He believes a similar strategy will work this year, with his preferred sector being the cyclicals, as either the economy moves forward of the Fed unleashes QE3 if it slows. 1 Comment [Quick Ideas, U.S. Economy]
Wednesday, September 28, 2011, 3:07 PM Ugly chart of the day, from Doug Kass: Copper is not confirming the recent rally in stocks to the upper end of the Aug.-Sept. trading range. Unless Dec. copper can recover and hold 3.50, Kass says, then industrial metals will point much lower as the global slowdown spreads. ETFs: JJC -6.6%, IYM -3.5%. Stocks: CLF -7%, FCX -5.9%. Comment! [Commodities, U.S. Economy]
Wednesday, June 29, 2011, 8:36 AM Deutsche calls a floor in steel prices, upgrading AK Steel (AKS) and U.S. Steel (X) to buy on valuation. "We now view steel dynamics and investor sentiment as nearly the inverse of early 2011 when we downgraded the sector." AKS +2.3%, X +2.7% premarket. Comment! [Commodities]
Thursday, February 11, 2010, 3:14 PM Sector ETF strength: Coal– KOL +4.9%. Gold Miners– GDX +4.1%. Steel– SLX +3.7%. Silver– SLV +3%. Homebuilders– XHB +2.5%. Basic Materials– IYM +2.3%. Oil Services– OIH +2.3%.
Sector ETF weakness: Regional Banks– KRE -0.5%. Livestock– COW -0.4%. Comment!
Tuesday, February 9, 2010, 3:18 PM Sector ETF strength: Steel– SLX +4.9%. Gold Miners– GDX +4.4%. Coal– KOL +3.8%. Agribusiness– MOO +3.6%. Basic Materials– IYM +3.1%. Heating Oil– UHN +3.1%. Oil– USO +3%.
Sector ETF weakness: Livestock– COW -0.3%. Real Estate– IYR -0.3%. Agriculture– DBA -0.04%. Comment!
Tuesday, February 2, 2010, 9:57 AM Sector ETF strength: Homebuilders– XHB +2.2%. Solar– TAN +0.8%.
Sector ETF weakness: Regional Banks– KRE -1.2%. Coal– KOL -0.9%. Basic Materials– IYM -0.9%. Comment!
Monday, February 1, 2010, 3:18 PM Sector ETF strength: Steel– SLX +5.2%. Gold Miners– GDX +4.7%. Basic Materials– IYM +3.7%. Oil Services– OIH +3.1%. Semis– IGW +3.1%. Solar– KWT +3%.
Sector ETF weakness: Internet– HHH -2.1%. Livestock– COW -2%. Regional Banks– KRE -0.8%. Biotech– BBH -0.3%. Agriculture– DBA -0.2%. Retailers– RTH -0.1%. Comment!
Monday, February 1, 2010, 10:08 AM Sector ETF strength: Steel– SLX +2.9%. Solar– KWT +2.4%. Basic Materials– IYM +2.3%. Gold Miners– GDX +2.2%. Solar– TAN +2%.
Sector ETF weakness: Healthcare Providers– IHF -1.4%. Heating Oil– UHN -1.1%. Internet– HHH -1%. 1 Comment
Wednesday, January 27, 2010, 1:39 PM Sector ETF strength: Biotech– BBH +2.5%. Regional Banks– RKH +1.6%. Commercial Banks– KBE +1.3%. Financials– XLF +0.7%.
Sector ETF weakness: Coal– KOL -4.4%. Solar– TAN -3.5%. Steel– SLX -3.3%. Gold Miners– GDX -2.6%. Clean Energy– PBW -2.5%. Basic Materials– IYM -2.5%. Comment!
Thursday, January 21, 2010, 3:26 PM Sector ETF strength: Regional Banks– KRE +2.7%. Internet– HHH +1.1%. Commercial Banks– KBE +0.5%.
Sector ETF weakness: Coal– KOL -6.5%. Steel– SLX -5.6%. Basic Materials– IYM -4.1%. Gold Miners– GDX -3.6%. Agribusiness– MOO -3.2%. Gasoline– UGA -2.8%. Healthcare Providers– IHF -2.8%. Comment!
Thursday, January 21, 2010, 10:07 AM Sector ETF strength: Regional Banks– KRE +2.2%. Commercial Banks– KBE +1.9%. Internet– HHH +1.7%. Gasoline– UGA +1.2%. Oil– USO +1.1%.
Sector ETF weakness: Coal– KOL -3.6%. Steel– SLX -2.3%. Basic Materials– IYM -2.3%. Agribusiness– MOO -1.1%. Gold Miners– GDX -1%. Comment!

IYM iShares Dow Jones US Basic Materials ETF

IYM

iShares Dow Jones US Basic Materials ETF