iShares China Large-Cap ETF (FXI)

FXI (n.a.:Financial Services) ETF
$28.83
neg -0.31
-1.10%
Today's Range: 28.56 - 29.13 | FXI Avg Daily Volume: 28,077,700
Last Update: 02/09/16 - 4:09 PM EST
Volume: 33,195,715
YTD Performance: -17.43%
Open: $28.63
Previous Close: $29.14
52 Week Range: $28.70 - $52.85
Oustanding Shares: 147,900,000
Market Cap: 4,397,067,000
6-Month Chart
TheStreet Ratings Grade for FXI
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
Hold
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:
FXI Sector Avg. S&P 500
0.00 0.00 28.38
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-25.19% -30.69% -26.88%
GROWTH 12 Mo 3 Yr CAGR
Revenue 0.00 0.00 0.00
Net Income 0.00 0.00 0.00
EPS 0.00 0.00 0.00
Earnings for FXI:
EBITDA 0.00B
Revenue 0.00B
Average Earnings Estimates

Earnings Estimates data is not available for FXI.

Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
By

Doug Kass

 | Feb 8, 2016 | 6:17 PM EST
Again, I am endeavoring to be opportunistic (trading) in a market that is fragile,  too volatile and unpredictable to be comfortable with an abundance of many longer-term investments. At the bottom this afternoon, things looked dreadful. It was not easy to make a long trading rental and add to existing shorts. The S&P 500 ended at 1853, very close to my fair market value of 1860. The U.S. dollar weakened a bit after a five day period of consolidating against the euro. Bonds dropped by nearly 10 basis points in yield at the intermediate- and longer-term maturities. Non taxables were well-bid and closed-end municipal bond funds were slightly higher on the day. High yield was junky, reflecting systemic concerns in the European Union and China (large reserve pull down). iShares iBoxx $ High Yield  Corporate Bond Fund (HYG) was down 91 cents and SPDR Barclays High Yield Bond ETF (JNK) was down 40 cents. Blackstone/GSO Strategic Credit Fund (BGB) got pulled down and traded poorly. Gold fell from its highs but still closed $32.70 to the good. Silver was up 55 cents. I had been working on a positive thesis on gold but other projects got in the way, and I blew the opportunity as the price has risen on eight out of the 10 last trading days.   In agricultural commodities, wheat got schmeissed (down eight cents) and corn was down three cents. Lumber was flat. Crude closed down 84 cents, at $30.25, but natural gas was up six cents. Energy stocks, including Exxon Mobil (XOM) and Schlumberger (SLB), prospered today, despite a depressed commodity price. It might be foreshadowing better oil prices; we will see. Banks again were weaker as European institutions took a nosedive. I added to my large position. But life insurance wasn't any better, falling from the pressure of lower yields. I covered some MetLife (MET) and Lincoln National (LNC) shorts. Brokerages got caught in the systemic rumors and concerns and were lower on the day; I added to Morgan Stanley (MS) and Goldman Sachs (GS). Oaktree Capital Group (OAK) ended the day fractionally higher. Retail that I owned wasn't half bad; Best Buy (BBY) and Bed, Bath and Beyond (BBBY) closed higher, but Macy's (M) retreated by 60 cents. That said, remodeling favs Home Depot (HD) and Lowe's (LOW) continued the thrashing that accelerated on Friday. After the close, The Gap (GPS) reported that same-store sales were down 8%. However, its guidance was better than expected and the stock is rallying a small fraction after hours. Lululemon (LULU), Coach (COH) and Under Armour (UA) were all much weaker in a poor apparel space. Autos were mixed; Ford (F) was higher and General Motors (GM) lower. I wonder, after great gains on the short side, whether I am outstaying my welcome. But, I have taken down these shorts to small. Media was awful -- even good performer Comcast (CMCSA) faltered. New lows for Disney (DIS). Old tech was weak, led by Microsoft (MSFT) and Intel (INTC), but bounced off their lows along with the rest of the market. Staples were broadly higher, led by PG, which embodies the flight to safety.  Biotech was decimated. Valeant Pharmaceuticals (VRX) was down by another $6.50 and my spec fav Intrexon (XON) was down by a beaner. Allergan (AGN) hit a new recent low at $266. (T)FANG weakness and future were chronicled in my opening missive today. The acronym was lower, but Alphabet (GOOGL) and Netflix (NFLX) managed to rise modestly. Tesla (TSLA) got hit badly (down $14), as did Facebook (FB) and, to a lesser degree, Amazon (AMZN). NOSH was starving; Nike (NKE), O'Reilly Automotive (ORLY) and Home Depot (HD) were down bigtime. Starbucks (SBUX) rallied off the lows to end the day flat. CRABBY was mixed, led to the downside by Citigroup (C); I added it. Disease-like laggards Potash (POT) and Twitter (TWTR), which reports Wednesday, continued to lag.  iShares China Large-Cap (FXI) -- a Best Ideas List participant as a short -- doesn't have an uptick in it.  Apple's (AAPL) strength was conspicuous , up $1.20. During the day I added to many of my existing longs and added to new banks Regions Financial (RF) and BB&T (BBT); I put them on the Best Ideas List. Again, i see banks as multiyear plays and not as short-term trades. I also covered small positions in a broad list of my core shorts, including DIS, MET and LNC. As mentioned, I day traded an aggressive position in SPY for a profit. I will continue to try to accomplish that feat. I ended the day at market neutral. For the time being and assuming no change in fundamentals, I remain a SPY buyer between the capitulation low (two Wednesdays ago at $181.25 and about $183.50) and I remain a seller on strength above $185. I know that's a pretty tight range, which likely will be resolved s
By

Doug Kass

 | Jan 26, 2016 | 8:49 AM EST
"Disasters have a way of not happening."
By

Jared Woodard

 | Jan 25, 2016 | 3:25 PM EST

Play a 'limited upside' view in China by selling FXI call spreads.

By

Doug Kass

 | Jan 20, 2016 | 11:28 AM EST
I've covered a portion of the following shorts: Apple (AAPL), Caterpillar (CAT), Comcast (CMCSA), Exxon Mobil (XOM), the iShares China Large-Cap ETF (FXI), iShares MSCI France ETF (EWQ), iShares MSCI Germany ETF (EWG), iShares MSCI United Kingdom ETF (EWU), Lincoln National (LNC), MetLife (MET), Schlumberger (SLB), Starbucks (SBUX), Tesla (TSLA) and Walt Disney Co. (DIS).
By

Doug Kass

 | Jan 12, 2016 | 2:27 PM EST
Computer-driven volatility today, again. A lot of fear in the media -- but where were they 200 handles higher in the S&P Index? The key feature, to me, was not the continued decline in oil prices; it was the strength in the U.S. bond market. (I recognize I am in the minority!) iShares 20+ Year Treasury Bond (TLT) was up $2.20 around 2:20 p.m. ET. The 10-year U.S. note fell by six basis points to under 2.10%. The 30-year dropped in yield by seven basis points to 2.88%. Municipals didn't follow taxables. High yield flatlined. But Blackstone/GSO Strategic Credit Fund (BGB) hit a recent low, down four pennies. The U.S. dollar was unchanged. Crude oil was at $30.20 and down $1.20. Natural gas was two cents lower. Gold was $10.50 Agricultural commodities were quite strong. Wheat up 12 cents, corn up seven cents and soybeans up 16 cents. Financials were disappointing as the yield curve flattened for the second day in a row. Life insurance stocks continue lower with the yield pullback. Consumer staples upticked marginally. Energy stocks were resilient relative to the weakness in crude. Fertilizers were better bid, with Potash (POT) seeing a small bounce, but nothing relative to its recent weakness. Mortgage insurers continue lower; I can't explain the weakness in Radian Group (RDN). Media better, led by Disney (DIS). (T)FANG, absent Tesla (TSLA), was strong across the board. NOSH was also tasty, with Starbucks (SBUX) shining. CRABBY not so much with marginal fractional changes. New low on iShares China Large-Cap (FXI). Last program standing today? I added in a small way to my long ex
By

Doug Kass

 | Jan 11, 2016 | 3:32 PM EST
Very whippy market with a negative bias thus far. I have been quite bearish for some time, but I believe we are close to a tradeable bounce. On a near-term basis we are oversold; indeed, S&P futures were nearly 40 handles below the 3 p.m. ET Friday levels around 2:30 ET today. I feel lonely buying; I've moved from market neutral all the way to medium-size long in the last day of trading. I look at reward versus risk in all my buys, and that is why I am more upbeat (no different than late August). Am I still negative over the intermediate term? You're damn right I am! But it is my view that a bounce would be a contrary move (Rev Shark disagrees and sees dip buyers -- I don't). But that is what makes the race! He is right more often than not. The U.S. dollar was stronger today. The continued fall in crude oil -- down $2 a barrel -- is the proximate cause of weakness in the indices. Gold is down two beaners and silver down by nine cents. Agricultural commodities got hit, led by wheat (down 11 cents), corn (down a nickel) and soybean (four cents lower). Bonds were mixed by maturities; the yield on the two-year down by two basis points  and the 30-year up by a relatively large four basis points to 2.96%. Ergo, the yield curve became steeper -- good for banks. Municipals are down small. I would be paring back muni closed-end  bond funds after the recent rise, if still long. High yield has a bid today, despite the drop in long bond prices and meaningfully lower energy prices. However, Blackstone/GSO Strategic Credit Fund (BGB) is getting hit. Banks were mixed, with Citigroup (C) the standout to the upside (now near day's high). I am intrigued!   I continue to add to the bank space (three money centers), not necessarily for the near term but for a multiyear play. I have large positions in C and Bank of America (BAC). I added to alternative investment manager Oaktree Capital Group (OAK), which is down $2 late today (it has halved its daily loss). The object of my disaffection, life insurers -- including Lincoln National (LNC) and MetLife (MET) -- are getting destroyed today and have become important profit-and-loss contributors from the highs for my portfolio. Retail was stronger; Macy's (M) is up $2 based on activist movement. Kohl's (KSS) is also a winner on talk of an leveraged buyout. ( I consistently have been a buyer of the group on weakness over the last two weeks). New low in iShares China Large-Cap (FXI); it remains on my Best Ideas List as a short.  My energy shorts, Exxon Mobil (XOM) and Schlumberger (SLB), are the world's fair and have become important winners in my portfolio. Arch Coal (ACI), a favorite of yesteryear to many, filed bankruptcy. Peak Icahn! Icahn's Freeport-McMoran (FCX) is getting schmeissed again -- down by 25%. His oil holdings are nearly as bad. And then there is Apple (AAPL). New low in Caterpillar (CAT). Remember my surprise that the CEO will be replaced!)  Fertilizers -- for example, Potash (POT) -- are acting like dung. Old tech acts better, led by Cisco (CSCO), Intel (INTC) and IBM (IBM). Autos are good on a relative and absolute basis, but considering the magnitude of their recent weakness, I am not surprised. Staying short. A "Biowreck" today -- down by 4% to 5%. Led by Valeant Pharmaceuticals (VRX), Allergan (AGN) and Mallinckrodt (MNK). Secondary biotech even worse.  I dissed Apple's decision on the headphone jack (in three installments ): "Are You Serious, Apple?"  (T)FANG is mixed. Tesla (TSLA) is leading on the downside and Netflix (NFLX) on the upside even though the latter's Golden Globes acceptance was disappointing NOSH was tasty, with all four components higher. CRABBY was strong on a relative basis, led by Alleghany (Y) and the aforementioned C. I revised  my "Fair Market Value " for the S&P Index to 1860 this morning.
By

Bruce Kamich

 | Jan 8, 2016 | 3:42 PM EST

This ETF could fall as low as the $20 level in the coming months. 

By

Doug Kass

 | Jan 7, 2016 | 6:33 PM EST
"One more thing..." -- Lt. Columbo
By

Doug Kass

 | Jan 7, 2016 | 10:43 AM EST
I'm bidding to cover a portion of my shorts in the following stocks: Apple (AAPL), Caterpillar (CAT), Comcast (CMCSA), the iShares China Large-Cap ETF (FXI), iShares MSCI France ETF (EWQ), iShares MSCI Germany ETF (EWG), iShares MSCI United Kingdom ETF (EWU), Lincoln National (LNC), MetLife (MET), Starbucks (SBUX) and Walt Disney Co. (DIS).
By

Doug Kass

 | Jan 7, 2016 | 8:31 AM EST

China's meltdown may spell doom for our Fed-induced bull market.

$125 million to sell market on close

We have had some text book timing lately....

The big question now is whether or not the positive divergence between ES (Emini S&P 5...

But I was a large buyer into today's market dive.

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