Today in our ETF/Index options recap we speak about some downside put activity in the out-performing XLP (SPDR Consumer Staples Select Sector, Expense Ratio 0.14%, $9.2 billion in AUM), which has outpaced the S&P 500 by nearly 200 basis points year-to-date.
From Chris Ciovacco: While the primary trend still strongly favors the bulls, the bears have made some progress on the momentum and vulnerability fronts.
From Zacks: President Donald Trump gave a lot to U.S. stocks since election in terms of Trump rally and took the Dow Jones Industrial Average to the 20,000 mark for the first time in history.
From Zacks: One of the most famous names in the consumer products world – Procter & Gamble (PG – Free Report) – gave investors sweet surprises on January 20, 2017 by beating the Zacks Consensus Estimate for both earnings and sales in second-quarter fiscal 2017. In addition, the company’s projection on organic sales contained an […]
From Marshall Hargrave: A new president for the next four years can create some uncertainty. If you look back over the last 180 years or so and the numerous presidential elections, it turns out that recessions and bear markets tend to start in the first two year’s of a president’s term.
Analyst Paul Weisbruch delves into some interesting options activity in a well-known consumer ETF, along with some other related funds that investors should be keeping an eye on.
Today brings news of multiple potential tobacco mega mergers, which placed attention to a handful of major consumer-focused exchange traded funds with large tobacco exposure.
If we’d have to zero in on one ETF that could see the biggest boost from Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) writing a check to acquire a company, investors should look no further than the Consumer Staples Select Sector SPDR (NYSE:XLP).
NASDAQ:MAR, NYSEARCA:XLE, NYSE:HOT
NYSEARCA:XLV, NYSEARCA:XLP, NYSEARCA:XLY
NYSE:PM, NYSE:WMT, NYSE:ADM