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Health Care Select Sect SPDR ETF (XLV)

- NYSEARCA
  • Feb. 19, 2013, 9:39 AM
    It's not just Humana (-9.6%) suffering from prospective declines in reimbursement rates for Medicare Advantage plans in 2014, with UnitedHealth (UNH) -5.2%, Cigna (CI) -5.5%, Aetna (AET) -3.5% and Universal America (UAM) -8.95%.
    | 7 Comments
  • Jan. 27, 2013, 3:30 AM
    Smaller medical-device makers such as Cardica (CRDC) are tacking surcharges on to their products or warning of price increases to cover a 2.3% sales tax that came into force on Jan. 1 as part of Obamacare. Larger manufacturers like Medtronic (MDT) and GE Healthcare (GE) haven't explicitly added extra fees but are expected to bake them into contract renewals.
    | 13 Comments
  • Jan. 24, 2013, 1:31 PM
    A look at the relative strength of S&P 500 sectors vs. the overall average over the past year finds 3 - Consumer Discretionary (XLY), Financials (XLF), and Health Care (XLV) outperforming. Big outperformers a few months back, Telecom (IYZ) and Utilities (XLU) now trail. Underperforming badly not long ago, Energy (XLE) and Industrials (XLI) claw their way back.
    | 2 Comments
  • Jan. 24, 2013, 4:48 AM
    The FDA won't appeal a decision to overturn the conviction of a salesmen who was found guilty of marketing narcolepsy drug Xyrem for treating drowsiness and chronic fatigue, two conditions for which the medicine wasn't approved. A court quashed the conviction because it said FDA regulations violated free speech in a decision that could have wide ramifications for the agency's ability to regulate off-label drug marketing.
    | 3 Comments
  • Jan. 8, 2013, 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
  • Jan. 8, 2013, 6:04 AM
    Healthcare spending rose at a record low pace of 3.9% to $2.7T in 2011 as patients continued to cut back on medical services amid the economic slump. The growth was the same as in 2010 and 2009, and well below the 8% prior to the financial crisis. However, there are signs the rise in spending could be speeding up again, with expenditure on drugs increasing by 2.9% in 2011 vs 0.4% in 2010, and on doctors' visits by 4.3%.
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  • Jan. 7, 2013, 5:33 PM
    The return of $10B-plus drug deals may be here as pharmaceutical companies appear to be gearing up to start buying again. Five of the largest U.S. drug makers have spent the last several years building up their cash positions in anticipation of expiring patents. Now, with nearly $70B in cash equivalents at their disposal, all eyes are on JPMorgan’s annual health-care conference in San Francisco, where the big drug makers will likely be on the hunt for assets to fill revenue holes left by expired patents.
    | 2 Comments
  • Jan. 7, 2013, 9:16 AM
    With the S&P at a new bull market high, Bespoke looks at sector performance since the last peak on Sept. 14. Leading the pack in the 4-month span are the financials (XLF) +5.2%, followed by Industrials (XLI) +3.6%, and Healthcare (XLV) +3.5%. Bringing up the rear are tech (XLK) -6.9% and Energy (XLE) -3.4%.
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  • Jan. 2, 2013, 9:44 AM
    The Street's Adam Feuerstein makes 13 biotech stock predictions for 2013, with his number one being that the U.S. launch of Arena Pharmaceuticals' (ARNA) and Eisai's weight-loss pill Belviq "will be a major disappointment." Feuerstein also reckons that Belviq will fail to receive European approval.
    | 17 Comments
  • Jan. 1, 2013, 11:40 AM
    Financial services ETFs (XLF, IPF, IXG led all sector ETFs in 2012, followed by consumer discretionary (XLY, IPD, RXI), healthcare (XLV, IRY, IXJ) and tech (XLK, IPK IXN). Utilities (XLU, IPU, JXI) and telecom (IST, IXP) underperformed.
    | Comment!
  • Jan. 1, 2013, 6:49 AM
    The number of drugs that the FDA authorized in 2012 rose to 39 from 30 last year and 21 in 2010, with the figure the highest since 53 in 1996. It also includes 10 medicines with fast-track status. The increase in approvals should help offset the patent cliff, which cost major U.S. and European drug companies $31B in revenues last year. (graph of approvals)
    | Comment!
  • Dec. 9, 2012, 2:27 AM
    The Supreme Court will review a "pay for delay" case in which Solvay, now owned by Abbott Labs (ABT), paid three generic drug companies to up to $40M a year, including Watson (WPI), to postpone making copycat versions of Solvay's Androgel testosterone treatment. The case has industry wide ramifications, with the FTC saying the practice costs customers $3.5B a year. (previous)
    | 1 Comment
  • Dec. 4, 2012, 8:13 AM
    An appeals court ruling yesterday that dismissed the conviction of a sales rep who sold a drug for non-FDA approved uses could have major ramifications for pharmaceutical companies, which have paid billions in fines for doing just that. Two out of three judges agreed with Alfred Caronia that his rights to free speech were violated. The government is expected to appeal the case, which could find its way to the Supreme Court.
    | 9 Comments
  • Nov. 19, 2012, 10:01 AM
    President Obama's re-election did not, as some believe, bring an end to the battle over Obamacare, write James Capretta and Yuval Levin in the WSJ. That's because the Administration is reliant on states for two key elements of the the reform: health-insurance exchanges and expanding Medicaid. Some GOP governors have already said "they won't do the federal government's bidding." Capretta and Levin explain why they agree.
    | Comment!
  • Nov. 16, 2012, 12:28 PM
    The pullback over the last 2 months is especially notable as no sector within the S&P 500 has been spared, notes Bespoke. It's extremely rare for this to happen as bear moves usually see money flow into defensive sectors like Utilities or Healthcare. With looming tax hikes on dividends and capital gains, investors are dumping it all.
    | 13 Comments
  • Nov. 14, 2012, 5:21 PM
    A look at sector performance in the 2 months since the Fed's QE∞ announcement finds tech (XLK), -11.6% the laggard by a wide margin. The materials sector (XLB) has about matched SPY's 7.3% decline. The top performer is healthcare (XLV), -2.7%. Industrials (XLI), staples (XLP), discretionary (XLY), financials (XLF), and utilities (XLU) have marginally bested the S&P.
    | 4 Comments
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XLV Description
The Health Care Select Sector SPDR® Fund, before expenses, seeks to closely match the returns and characteristics of the Health Care Select Sector Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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Sector: Healthcare
Country: United States
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