SPDR Bloomberg Barclays High Yield Bond ETF (JNK)

JNK (n.a.:Financial Services) ETF
pos +0.10
Today's Range: 36.71 - 36.85 | JNK Avg Daily Volume: 10,742,500
Last Update: 03/29/17 - 11:02 AM EDT
Volume: 2,732,980
YTD Performance: 0.77%
Open: $36.74
Previous Close: $36.73
52 Week Range: $31.27 - $38.04
Oustanding Shares: 298,523,812
Market Cap: 10,887,163,424
6-Month Chart
TheStreet Ratings Grade for JNK
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy
Moderate Buy
Moderate Sell
Strong Sell
Mean Rec. 0.00 0.00 0.00 0.00
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 0.00
Price Earnings Comparisons:
JNK Sector Avg. S&P 500
0.00 0.00 30.30
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
1.05% 8.09% -11.00%
Revenue 0.00 0.00 0.00
Net Income 0.00 0.00 0.00
EPS 0.00 0.00 0.00
Earnings for JNK:
Revenue 0.00B
Average Earnings Estimates

Earnings Estimates data is not available for JNK.

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Symbol Comparison Bollinger Bands

Skip Raschke

 | Mar 16, 2017 | 8:30 AM EDT
As if the ticker symbol isn't enough of a clue, JNK is also tied to oil junk bonds.

Helene Meisler

 | Mar 15, 2017 | 6:00 AM EDT
For what it's worth, people are finally noticing the problems in the market.

Doug Kass

 | Mar 8, 2017 | 9:30 AM EST
With various sectors peaking and GDP estimates in decline, it would not be a surprise to see the markets give up some ground.

Doug Kass

 | Mar 8, 2017 | 8:39 AM EST
The VIX has decoupled from the averages. The Russell Index is lower four days in a row, its longest streak in three months. The S&P Index has declined over the last four trading days for the first time since November. Strength in transports, heralded by the bulls as recently as last week, is also rolling over. The S&P Index has had its first back-to-back loss in five trading weeks. The Nasdaq is lower over the last trading week. The Russell Index is underperforming the senior averages and testing key technical support. Emerging markets began to roll over a week ago. The Stoxx 600 is on pace for its fifth consecutive decline and the ninth drop in the last 11 days. Dr. Copper is falling under the weight of slowing growth and rising inventories.  The high-yield bond market is beginning to show topping signposts, with iShares iBoxx High Yield Corporate Bond ETF (HYG) down $0.57 and SPDR Barclays High Yield Bond ETF (JNK) down $0.22 yesterday. Taxable bonds are making new lows. The 10-year U.S. note yield has risen for eight days in a row -- the longest streak in five years. Sovereign bond yields in Europe are following suit. With both stocks and bonds moving in the same direction (lower), risk-parity quant funds are getting hit. Remember my thesis -- buyers live higher and sellers live lower; this could exaggerate a decline. Bottom Line I believe we rapidly are approaching a market correction of some consequence. As Jim "El Capitan" Cramer references in his opening missive, I expect a correction and not a catastrophe.

Real Money

 | Feb 10, 2017 | 12:30 PM EST
Some credit spreads have gotten weaker.

Doug Kass

 | Nov 15, 2016 | 3:47 PM EST
The U.S. dollar continues to stregnthen. The price of crude oil erupted, up by $2.47 to $45.70 on OPEC rumors, non-substantiated. Gold up $2. Ag commodities: wheat up $0.05, corn up $0.05, soybeans up $0.08 and oats up $0.04. Lumber down $2. (Homebuilders were weak, led by DRH downbeat report) Bonds rebounded modestly in price. The 10-year note and long bond yields were down by 1 basis point. The 2s/10s spread contracted by 1 basis point to 122 basis points. Municipals recovered half of yesterday's losses. Closed-end muni bond funds recovered all yesterday's losses. High yield was quite strong, likely on the heels of higher oil prices. iShares iBoxx $ High Yid Corp Bond ETF (HYG)  up $1.10 and SPDR Barclays Capital High Yield Bnd ETF (JNK)  up $0.45. Blackstone/GSO Strategic Credit Fund (BGB)  up $0.27 to $14.67. I would sell the strength. Banks, insurance (Hartford Financial (HIG) still up on the day!) and brokerages lagged but are trading well off the day's lows. Old media broadly higher led by Mr. Softee. Auto stocks lagged. Retail reversed the last three to four days' enormous strength, as I hoped for. I sold out of my long exposure (excluding JC Penney (JCP) yesterday). Home Depot (HD) (down $4) and Dick's Sporting Goods (DKS)  (down $6) were downside features on light guidance. Consumer staples gained despite currency strength. Biotech was disappointing. Large cap leaders Allergan (

Doug Kass

 | Nov 10, 2016 | 4:58 PM EST
The U.S. dollar strengthened. The price of oil continued to cave. Down by $0.72 to $44.55. Gold fell by another $19. Earlier in the day I reduced my size to small in the asset class. Ag commodities: wheat down $0.02, corn up $0.02, soybeans up $0.011, oats down $0.02. Lumber flat. Bonds got schmeissed, again. The yield on the 10-year U.S. note rose by 7 basis points to 2.14% and the long bond by 6 basis points to 2.94%. Municipals got whalopped. And junk was particularly junky -- let's watch this closely. The iShares iBoxx $ High Yid Corp Bond ETF (HYG)  down by nearly a beaner to $84.45 (now down $4 in the last two weeks). SPDR Barclays Capital High Yield Bnd ETF (JNK)  down $0.40. Blackstone/GSO Strategic Credit Fund (BGB) (I would still avoid!) down by another $0.09 to $14.42. Banks were the world's fair ... again. Brokerages erupted further and so did the insurance sector. I reduced my life shorts recently and raised my Hartford Financial (HIG) long to very large. Autos were strong. (I went down to legends in my shorts a few days ago). Energy stocks did well despite a lower commodity price. Tech and consumer staples (my long Campbell Soup (CPB) was disappointing) got hit by trade concerns. Big pharma materially underperformed after yesterday's standout day. But biotech continued to rip led by Allergan (AGN) , Merck (MCK) and Celgene (CELG) . Spec biotech flourished (Sage (SAGE) , Intrexon (XON) and others). Old tech led higher by IBM (IBM) . Ag equipment continued to surge. I moved to tagends on my Caterpillar (CAT) short near $81 only a week ago! I discussed the (T)FANG underperformance throughout the day. Longs Radian (RDN) and DuPont (DD) at or near year highs. Apple (AAPL) got hit amid slowing demand stories. JC Penney (JCP) got out of its funk on a retail rally. Nordstrom reported an EPS and sales beat and is trading up $8 on the day! Here are some value added contributions on our site today: 1. Jim "El Capitan" Cramer on the compulsion to sell everything.  2. Gary "The Sun Will Come Out To" Morrow likes Apple here. I will explain why I am negative in a separate column tomorrow. 3. Tim "not Judy or Phil" Collins on a Disney (DIS) option strategy before earnings. (I went down to tagends in my short recently). 4. James Passeri on my enemy Valeant (VRX) . I did not like the 10Q issued today. 5. The Donald, Melania and Rev Shark are on a honeymoon.    Positions: Long HIG large, DD, RDN bonds, SDS, JCP, JWN, M, TGT Short SPY, NFLX small, GM small, F small, DIS small, SBUX small, CAT small, JCP puts, AAPL

Doug Kass

 | Nov 10, 2016 | 10:48 AM EST
A Couple Negative Tells

Doug Kass

 | Nov 7, 2016 | 4:55 PM EST
The U.S. dollar strengthened meaningfully. Any more strength will begin to raise concerns about multinational profits. The price of crude oil expanded by $0.80 to nearly $45/barrel. But, we are still in a short term downtrend. Gold fell be $23. I rebuilt my GLD position on the weakness. We are near the 200 day moving average. Ag commodities: wheat down $0.04, corn down $0.02, soybeans up $0.08 and oats are flat. Fertilizer stocks traded well today. Lumber up $1. Bonds got schmeissed. iShares Barclays 20+ Yr Treas.Bond ETF (TLT) down a beaner. The 10-year U.S. note yield rose by four basis points and the long bond by three basis points. The 2s/10s spread widened by two basis points to 101 basis points. Municipals were surprisingly weaker. Closed end muni bond funds flatlined. But high yield was much stronger iShares iBoxx $ High Yid Corp Bond ETF (HYG) +$1 and SPDR Barclays Capital High Yield Bnd ETF (JNK) +$0.40. Blackstone/GSO Strategic Credit Fund (BGB) +$0.13. Banks benefited from the steepening yield curve. I shorted JPMorgan Chase (JPM) , Citigroup (C) and Financial Select Sector SPDR Fund (XLF) late in the day. Insurance stocks were terrific. Long Hartford Financial (HIG) (large) looks like it might be breaking out. (I still owe you guys an analysis of the good quarter release from last week -- coming soon! Small shorts in Lincoln National (LNC) and Metlife (MET) , rose. Brokerages Morgan Stanley (MS) and Goldman Sachs (GS) were the "world's fair." Autos advanced. I remain short (small) General Motors (GM) and Ford (F) . Retail rebounded. My only long JC Penney (JCP) was punk (up a dime after being up three times that amount earlier in the day). Biotech was +3.5%. Allergan (AGN) , Celgene (CELG) ++ Speculative biotech (Portola Pharmaceuticals (PTLA)  , SAGE Therapeutics (SAGE) , Aerie Pharmaceuticals (AERI) ,  Nektar Therapeutics (NKTR

Doug Kass

 | Nov 1, 2016 | 2:54 PM EDT
As I "hoped," the bond market has fully reversed from the schmeissing early this morning.   The iShares Barclays 20+ Yr Treas.Bond …
I forgot to list my short positions in RH puts in my disclosure on retail shares.

Retails shares, almost without exception, are surging higher from very previously, very de...


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