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SPDR S&P 500 Trust ETF (SPY)

  • May. 17, 2013, 8:13 AM
    Thomas Lee lifts his year-end S&P 500 (SPY) forecast to 1,715 from 1,580 as the bull has already outrun his expectations. His team sees clues economic performance is picking up, including the outperformance of semiconductors (XSD) vs. transports (IYT), and the steepening of the 10 year/30 year Treasury curve. Risk/reward is particularly appealing in tech (XLK), healthcare (XLV), and financials (XLF).
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  • May. 17, 2013, 6:54 AM
    S&P 500 (SPY) futures +0.3% and Nasdaq 100 (QQQ) futures +0.2% as stocks look to shake off yesterday's minor slide. The big mover overseas was Shanghai, +1.4%. Stocks rose again in Tokyo and Europe is modestly higher.
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  • May. 16, 2013, 8:38 AM
    SPY -0.3% premarket, giving up small early gains after a big jump in jobless claims and a rather shocking decline in housing starts. Starts were off 16.5% from March, but up 13.1% Y/Y. On a more hopeful note, building permits were up 14.3% from March, up 35.8% Y/Y. Treasurys catch a bid, TLT +0.5% premarket. Homebuilders ETF: XHB -0.2%.
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  • May. 16, 2013, 7:08 AM
    S&P 500 (SPY) and Nasdaq 100 (QQQ) futures are about flat ahead of barrage of economic data and Fed speakers as well as the continuing flow of earnings, today including Wal-Mart.
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  • May. 14, 2013, 8:03 AM
    More from Tepper: "We're going to get this hyper-drive market," unless the Fed starts tapering its purchases, he says (referencing 1999), adding the June meeting wouldn't be a bad time to get started. He pulls out this chart from a recent FRBNY report, showing stocks remain cheap - the equity premium to bonds is as high as it's been in the last 50 years.
  • May. 14, 2013, 7:52 AM
    Tepper stays bullish. Confounding gnomes who whispered the hedge fund honcho was turning cautious on stocks, David Tepper tells the CNBC crew the wave of liquidity that turned him bullish in the first place is getting even bigger. Fed tapering? So what, he says. The U.S. budget deficit over the next 6 months will only be $100B, while the Fed is scheduled to buy about $500B. That's $400B coming out of the bond market and going to investors who can buy more fixed-income, more real estate, more stocks. SPY erases losses and gets back to flat premarket.
  • May. 14, 2013, 6:53 AM
    S&P 500 (SPY) futures are off 0.25% and Nasdaq 100 (QQQ) futures -0.3%, with Europe moderately lower midday - the Stoxx 50 (FEZ) -0.5% - and Asia closing mixed to lower, the big action coming in Shanghai, -1.1%.
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  • May. 13, 2013, 8:50 AM
    Stock index futures move to session highs following the big beat on retail sales, SPY -0.1% premarket. Excluding a 4.7% decline in gasoline sales, retail spending grew 0.6% in April. Bond prices continue their recent slide, the 10-year note off half of a point. The yield may challenge 2% today. TLT -0.9% premarket.
  • May. 13, 2013, 6:56 AM
    Stocks appear set to open the week with losses as S&P 500 (SPY) and Nasdaq 100 (QQQ) futures slide -0.4%. Ex-Japan, Asia lost ground overnight and Europe's posting moderate losses, though Italy's IBEX 35 is off a more substantial 1.3%.
  • May. 11, 2013, 10:13 PM
    "They say unemployment rate, but they really mean" the S&P 500 (SPY), says David Rosenberg, referring of course, to the esteemed members of the FOMC. "After all, to get the wealth effect to work on spending, you have to generate the wealth," he continues. As for the sustainability of the rally in both equities and fixed income, Rosenberg is having déjà vu: "Distortions caused by negative real interest rates, the mis-pricing of risk and promotion of leverage sounds a lot like the previous cycle … enjoy it while you can." (Also: NYSE margin debt signals return of leverage)
  • May. 10, 2013, 8:33 AM
    The S&P 500 (SPY) has yet to have even a 4% correction this year, with the only other time since 1980 the index made it to this point without one being 1995, according to Miller Tabak. The S&P went on the finish 1995 with a 34% advance that was but a small precursor to gains yet to come. One difference: 1995's gain was led by cyclicals and tech. This year's by defensive sectors (though showing signs of rotation).
  • May. 10, 2013, 6:53 AM
    S&P 500 (SPY) and Nasdaq 100 (QQQ) futures both +0.25%, behind moderate rallies throughout Asia and Europe. There's nothing moderate about Japan where the Nikkei jumped  2.9% as dollar/yen punched through resistance of ¥100 yesterday and kept going, now at ¥101.40.
  • May. 9, 2013, 3:36 PM
    Apparently behind the mid-afternoon drop in the S&P 500 (SPY) (a not insignificant 10 points), the soaring dollar (UUP), and sinking commodities (GLD, USO) was the rumor of a Jon Hilsenrath article set to hit the WSJ claiming "tapering" of asset purchases is coming sooner rather than later. Thus far, nothing is up.
  • May. 9, 2013, 8:46 AM
    More on Jobless Claims: The 4-week moving average slides 6.25K to 336,750. Continuing claims fall 27K to 3.01M, the 4-week average off 24.5K to 3.03M. SPY -0.2% premarket, QQQ -0.4%.
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  • May. 7, 2013, 7:48 AM
    414 S&P 500 (SPY) earnings reports are in the books, reports tradefast, with 47% beating estimates on sales, 72% on EPS - with the aggregate earnings surprise 5.4% and Y/Y EPS growth of 2.5%. Annual sales growth is negative 1.4%. The numbers confirm it's sluggish out there, but companies are still able to profit by trimming costs.
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  • May. 7, 2013, 6:49 AM
    S&P 500 (SPY) futures +0.1% and Nasdaq 100 (QQQ) futures +0.2% following a major rally in Japan overnight and a solid rise midday in Europe (FEZ), +0.7%.
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The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the S&P 500 Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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