Fri, Jul. 24, 3:01 PM
- Just a 1% decline in the major averages (which are being helped by some high-profile earnings moves) is masking far greater carnage in a number of other sectors, notably healthcare (XLV -2.5%) and energy (XLE -2%).
- Business development companies and mortgage REITs are being socked again as well, suggesting the worry may go beyond interest rates and to credit in general, especially as commodity prices continue to tumble - to pick one, crude oil at $48.06 per barrel is at its lowest price in about four months.
- Among BDCs: Hercules Technology Growth (HTGC -4.2%), Triangle Capital (TCAP -3.3%), PennantPark Investment (PNNT -5.4%), Prospect Capital (PSEC -1.4%), Main Street Capital (MAIN -2.8%), TICC Capital (TICC -2.4%), KCAP Financial (KCAP -2.6%), THL Credit (TCRD -2.7%), FS Investment (FSIC -1.8%).
- Among mREITs: Armour Residential (ARR -3.1%), Two Harbors (TWO -0.9%), CYS Investments (CYS -2%), Invesco Mortgage (IVR -1.5%), Capstead Mortgage (CMO -1.2%), Apollo Residential (AMTG -2.6%), Arlington Asset (AI -3.7%), American Capital Mortgage (MTGE -0.9%), Orchid Island (ORC -5.8%).
- MReit ETFs: MORL, REM, MORT, LMBS
- BDC ETFs: BDCL, BDCS, BIZD, FGB
Wed, Jul. 8, 3:46 PM
- Notable about today's market selloff - the Dow, Nasdaq, and S&P 500 are lower in the area of 1.5%. - is its spread to the usual ports in a storm. The utilities (XLU -0.6%) and REITs (IYR -0.6%) are outperforming, but still lower even as interest rates slide lower.
- Any green at all is very difficult to find in a check of the heat map for the S&P 500.
- Defensive sectors like consumer staples (XLP -1%) and health care (XLV -1.5%) aren't being spared either.
Thu, Jun. 25, 10:26 AM
Fri, Feb. 20, 4:16 PM
Fri, Jan. 30, 2:59 PM
- The broad averages are moderately in the red, and would be even more so if it wasn't for energy (XLE +1%), solidly higher as oil flies upward by nearly 8% into the close.
- ETFs: XLE, ERX, VDE, OIH, ERY, DIG, DUG, IYE, FENY, PXJ, RYE, FXN, DDG
- What's doing worse than energy this year? That would be financials, and the XLF is lower by another 0.95% in today's session. Also faring poorly are utilities (XLU -1.3%), health care (XLV -0.8%), and consumer staples (XLP -1.2%).
Oct. 24, 2014, 4:14 PM
Oct. 17, 2014, 4:20 PM
Sep. 19, 2014, 4:19 PM
Jul. 31, 2014, 3:38 PM
- Heading into the month's last few minutes of trading, the Dow (DIA -1.7%), S&P 500 (SPY -1.8%), and Nasdaq 100 (QQQ -1.9%) are all near 2% declines and well into the red for the month.
- These selloffs often lead to strength in defensive sectors like utilities (XLU -1.4%), health care (XLV -1.9%), or mREITs (REM -0.9%), but not today.
- Also not rallying are Treasury prices (TLT -0.3%) or gold (GLD -1%).
Apr. 4, 2014, 1:12 PM
- The selloff accelerates, with the Nasdaq 100 (QQQ) and Russell 2000 (IWM) each now lower by 2.3%. Little-changed earlier, selling comes to the S&P 500 (SPY -0.7%) and DJIA (DIA -0.4%).
- What's working? Emerging markets for one. Another area of green is the utility sector (XLU +0.9%). Healthcare (XLV -0.8%) would usually get a bid on these days, but it's being dragged down by the continuing liquidation of the biotechs. There are also some pockets of green in basic materials (XLB -0.7%).
- Utility ETFs: XLU, IDU, VPU, NLR, GRID, JXI, NUCL, DBU, IPU, RYU, UPW, PUI, FUTY, FXU, SDP, PSCU, AXUT, UTLT
- Healthcare ETFs: IYH, XLV, VHT, PJP, XPH, CURE, FXH, IHE, RXL, IRY, IXJ, PPH, IHI, IHF, FHLC, XHS, PSCH, RYH, XHE, PTH, DRGS, AXHE, RXD
- Basic Materials ETFs: XLB, VAW, UYM, IYM, IGE, SMN, MATL, FXZ, PYZ, FMAT, RTM, SBM, PSCM
Jan. 10, 2014, 4:31 PM
May 6, 2013, 1:36 PMMerck (MRK -1.3%) gets no love today from the FDA's approval of Liptruxet late Friday, as the stock is likely dragged down with the rest of the big pharma names on the back of a CNBC report that criticizes their earnings so far. The article points to the fact that pharmaceutical companies have seen a 4.7% contraction in earnings, and a 3.2% drop in revenue this quarter. Why? Morningstar's Damien Cover says there are two primary reasons: FX impact, especially from the yen, and intensified generic competition from patent losses. | Comment!
Apr. 11, 2013, 2:08 PM
Feb. 19, 2013, 9:39 AM
Jul. 25, 2012, 11:36 AMHealth insurers take a pummeling after Wellpoint's (WLP -12%) miserable Q2 report, even though some analysts say that the company has specific challenges. Citigroup's Carl McDonald reckons management could come under pressure. Still, HealthNet (HNT) -10%, UnitedHealth (UNH) -5.6%, Coventry (CVH) -4.9%, Humana (HUM) -3%, Cigna (CI) -3.9% and Aetna (AET) -4.9%. | 1 Comment
Jun. 28, 2012, 10:53 AMPharmaceutical stocks are down following the Supreme Court healthcare opinion, although not dramatically: AZN -0.4%, GSK -1.6%, SNY -0.8%, PFE -0.8%, ABT -0.8%, MRK -0.7%, LLY -1%, WPI -0.9%, NVS -0.7%, JNJ -0.4%. iShares Dow Jones US Healthcare ETF (IYH) -0.95%, the Health Care SPDR (XLV) is -1.3%. | 2 Comments
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