Financial Select Sector SPDRFund (XLF)

XLF (NAL:Financial Services) ETF
$23.31
pos +0.00
+0.00%
Today's Range: 23.10 - 23.40 | XLF Avg Daily Volume: 57,921,000
Last Update: 04/29/16 - 3:59 PM EDT
Volume: 0
YTD Performance: -2.18%
Open: $0.00
Previous Close: $23.44
52 Week Range: $18.52 - $25.62
Oustanding Shares: 711,745,438
Market Cap: 16,683,313,067
6-Month Chart
TheStreet Ratings Grade for XLF
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:
XLF Sector Avg. S&P 500
0.00 0.00 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
7.32% -4.15% 24.99%
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 XLF:
EBITDA 0.00B
Revenue 0.00B
Average Earnings Estimates

Earnings Estimates data is not available for XLF.

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By

Doug Kass

 | Apr 29, 2016 | 5:37 PM EDT
The U.S. dollar rose modestly. It's back to nearly 1.15 against the Euro. Crude oil dropped a dime and closed at $45.93 Nat gas rose by seven cents. Gold rallied by almost $30 to $1,296. Silver was 29 cents higher. Agricultural commodities quieted down. Wheat +2.75, corn +0.75, soybean +2.25 and oats -1.75. Lumber dropped by 4.50. Bonds flat-lined. The yield on the 10- and 30-year note and bonds were unchanged. Non-taxable bonds were unchanged. Another day in which closed-end municipal bond funds fared well. Damn, am I ticked that I sold out months ago. Terrific concept, bad execution! High-yield bonds improved in a small way. But, Blackstone/GSO Strategic Credit Fund (BGB) rose 10 cents higher to $13.92, near its recent highs. I am out of the name. Banks sold off for the third day in a row. I remain short Financial Select Sector SPDR ETF (XLF). I expect more profit taking. Life insurance stocks -- I remain short Lincoln National (LNC) and MetLife (MET) -- were also weak, though HIG was conspicuous in its strength. Brokerage stocks outperformed in a relative sense, with Goldman Sachs (GS) and Morgan Stanley (MS) flat on the day. Retail stocks, save Home Depot (HD) -- up $1.30, reversing yesterday's slide -- were underperformers. My only position in the space was the world's fair -- short Nordstrom (JWN), which was down by $1.50. Old tech weakened. Autos got wrecked. Ford (F) was down 53 cents and General Motors (GM) down 64 cents. Media was weaker, with Comcast (CMCSA) down 39 cents and Disney (DIS) down 77 cents. Biotech, which appears to be the object of the affection of some on Real Money Pro and elsewhere, was down substantially, with iShares Nasdaq Biotechnology ETF (IBB) down more than $7. I see most of the large-cap biotech stocks as value traps. Speaking of biotech, Pershing's Bill Ackman will be on CNBC's "Half Time" report extolling the virtue of Valeant (VRX). I will be doing the opposite in my opening missive! My speculation biotech basket got hammered. (T)FANG was toothless, excluding the large (delayed) gain in Amazon (AMZN). Apple (AAPL), a short, followed through to the downside by a beaner. NOSH was not particularly tasty. CRABBY fared well, with Alleghany (Y) up $6. In individual stocks: Potash (POT) and Twitter (TWTR) were flat. Radian Group (RDN) gave up some of its recent gains, but Oaktree Capital Group (OAK) stayed mighty -- up 60 cents and on my Best Ideas List. Here are some good columns posted today on Real Money Pro: Jim "El Capitan" Cramer on the need for better market leadership. (I agree!)   Jeremy LaKosh sees Xerox (XRX) as a value play.   Suz "Double S" Smith on trading for income.  Tim Melvin rocks it with a little Axel Rose.  Carleton English on what's best for Carl Icahn may not be best for you. 
By

Doug Kass

 | Apr 28, 2016 | 4:28 PM EDT
Stocks slid sharply in the final hour to finish at the day's lows after a real roller coaster of a day! Booyah! The U.S. dollar weakened. The price of crude oil rose by 63 cents to $45.96. Gold climbed by $17 to $1,267. Silver rose by 30 cents. Agricultural commodities: wheat +1.50, corn +7.00, soybean flat and oats -2.25. Bonds rose in price, declined in yield. The yield on the 10-year U.S. note dropped by three basis points to 1.83% and the long bond by only one basis points to yield 2.68%. Municipals were well-bid. Closed-end municipal bond funds were mixed. The high-yield market showed little price movement. Blackstone/GSO Strategic Credit Fund (BGB), up earlier in the day, closed down a dime. Banks are at the lows of the day. I double my XLF short today. JPMorgan Chase (JPM) and Citigroup (C) were down by about a half a beaner, while Bank of America (BAC) slid by 25 cents. Brokerages were lower. Morgan Stanley (MS) was down 30 cents and Goldman Sachs (GS) was off about $2.50. Life insurance, the object of my disaffection, got schmeissed with dollar-plus losses for MetLife (MET), Lincoln National (LNC) and Berkshire Hathaway (BRK.B). My long Hartford Financial Services Group (HIG) also was lower by a similar amount. Retail stocks were broadly lower, led by Bed, Bath & Beyond (BBBY), Home Depot (HD) and Lowe's (LOW). Short Nordstrom (JWN) was off 65 cents. Old media sank, led by IBM (IBM), down $3.35, and Microsoft (MSFT), down $1.30. Auto stocks held well, with a good gain for Ford (F), up 45 cents. Energy stocks fell despite a higher commodity price. Schlumberger (SLB) was down $1.15 and Exxon Mobil (XOM) off 80 cents. Biotech was only slightly lower. Allergan (AGN) was down a beaner. Ag equipment was under pressure, with Deere (DE) and Caterpillar (CAT) down about 1% each. Media was mixed, though Disney (DIS) was down $1.20 after a rich premium deal for Comcast (CMCSA) to acquire DreamWorks (DWA) was announced. (T)FANG was lower, save Facebook (FB), which was up nearly $8. NOSH saw all components lower. CRABBY components all were lower as well. Apple (AAPL) was a leader on the downside, off $3. Short/sell, don't hold.  Oaktree Capital Group (OAK) was lower after earnings (I'll review tomorrow). Some good stuff on Real Money Pro today: Jim "El Capitan" Cramer on the worst over for pharma.  RevShark is running with the bulls.  Tim Melvin on Carlyle Group (CG) and its tons of cash.  Tim "Not Judy or Phil" Collins on playing earnings-related volatility of Amazon (AMZN), LinkedIn (LNKD) and Expedia (EXPE).  Daniel "Oil Vey" Dicker on Hess (HES) over Pioneer Natural Resources (PXD). 
By

Doug Kass

 | Apr 28, 2016 | 1:34 PM EDT
I added small to my ProShares UltraShort S&P 500 ETF (SDS), which is a 2x inverse play on the S&P 500. I doubled my 
By

Bob Byrne

 | Apr 28, 2016 | 9:00 AM EDT

Here's how to respond to the flurry of earnings. 

By

Doug Kass

 | Apr 28, 2016 | 7:24 AM EDT
My only substantive move yesterday was to short the Financial Select Sector SPDR ETF (XLF), and I plan to add to this position this morning.
By

Doug Kass

 | Apr 27, 2016 | 3:50 PM EDT
Inside day in the markets, at least as of 3 p.m. ET (in the time that it took to write "Takeaways," the S&P rose by seven handles). Ss (S&P) over Ns (Nasdaq). The U.S. dollar weakened after the Fed's comments. Crude oil advanced by $1.13 to $45.17. Gold rose by $4.60 to $1,248. Agricultural commodities gave back on price. Wheat -3.25, corn -3.25, soybean -3.00 and oats +2.50. Lumber +9.20. Bonds erupted higher in price, lower in yield after above. That is why I re-shorted Financial Select Sector SPDR ETF (XLF) at $23.73. The yield on the 10-year U.S. note dropped by an outsize seven basis points to 1.86% and the long bond by five basis points to 2.70%. Municipals were well-bid and closed-end municipal bond funds advanced ... again. Big mistake selling them earlier in the year on my part! The high-yield bond market moved higher. Blackstone/GSO Strategic Credit Fund (BGB) paused and was flat. Banks experienced some early strength, sold off on the Fed's comments and are beginning to rally from the lows. Brokerages were stronger. Life insurance was unchanged despite the rise in bond prices. Retail was stronger across the board. Former long Macy's (M) was up 45 cents and short Nordstrom (JWN) was up 55 cents. Energy stocks rallied with crude oil. Schlumberger (SLB) rose $1.63 and Exxon Mobil (XOM) was up $1.00. Some positive dividend moves within the space. Old tech was quiet, though IBM (IBM) was up $1.60. Biotech was down most of the day, but experiencing a late day rally. iShares Nasdaq Biotechnology ETF (IBB) was down $1.70. My biotech basket of speculative stocks still appears to be rolling over. Consumer non-durables thrived, as Kimberly-Clark (KMB) bounced from recent weakness and Procter & Gamble (PG) was up 55 cents. Short Coca-Cola (KO) was fractionally higher. Autos were dead flat. Ag equipment was higher, with Caterpillar (CAT) up $1.15 and Deere (DE) up $1.50. (T)FANG continues weak, led by AMZN, down $9, and Tesla (TSLA), down $2.60. Trade of the Week short iShares China Large-Cap ETF (FXI) continues to rally, up 30 cents. NOSH was mixed; Starbucks (SBUX), a favorite short, continues to decline, down 72 cents. It appears to be breaking down from the earnings report last week. Mine is a minority view. CRABBY was helped by Radian Group (RDN), which had an earnings beat and some good credit data (more to come later in the week). In miscellaneous names, Twitter (TWTR) was a twit and Potash (POT) rallied by 40 cents after Monsanto (MON) was upgraded yesterday. Apple was down between $6 and $7 most of the day. Here are some good columns from RealMoneyPro today: Jim "El Capitan" Cramer on the market, which is impervious to Apple.  Apple mea culpa (I respect his candidness) from Mark Sebastian.  Shad Gad "And the Pharoahs" on how to beat the pros.  James Passeri on Mr. Ackman Goes to Washington.  Jack and Jim on Twitter. 
By

Doug Kass

 | Apr 25, 2016 | 4:37 PM EDT
The Russell Index looks like machines/algos have targeted it -- in either direction! Weird action. The U.S. dollar declined. Crude fell by $1.03 to $42.70. Nat gas declined by seven cents. Gold rallied by $9.10 to $1,239. Agricultural commodities continued their price rise: wheat +3.50, corn +8.25, soybeans +13.50. Lumber +4.50. Bonds were relatively quiet, with little change in the 10- and 30-year bond yields. Municipals were unchanged. Closed-end municipal bond funds were down on the day -- I would be out of the space as rates might now be moving higher ... finally. I am considering going long ProShares Short 20+ Year Treasury (TBF), non-levered iShares 20+ Year Treasury Bond ETF (TLT) short. High-yield bonds were lower. Blackstone/GSO Strategic Credit Fund (BGB) was flat. Banks sold off, but not materially so. I think this trend could continue. Gun to my head, Financial Select Sector SPDR ETF (XLF) short will work for a trade now. Life insurance got schmeissed -- the object of my disaffection. Lincoln National (LNC) and MetLife (MET) down large fractions. Brokerages were weak. Morgan Stanley (MS) down 20 cents and Goldman Sachs (GS) down $1.95. Autos sold off.  Oil stocks suffered from the commodity's weakness. Schlumberger (SLB) was off $1.75 and Exxon Mobil (XOM) down 80 cents. (Good for me). Retail stocks were mixed. Media mixed. Comcast (CMCSA) was down a dime and Disney (DIS) was up 75 cents. Biotech down. iShares Nasdaq Biotechnology ETF (IBB) was down $2.40. Allergan (AGN) turned lower and Valeant (VRX) was off more than 2%. My biotech basket seems like it is rolling over. A lot of people buying this group on the basis of it being oversold; I wouldn't, but that's just me. Consumer staples were lower, led by a downgrade of Kimberly-Clark (KMB). Cyclicals are showing some tired action -- General Electric (GE), as an example. In miscellaneous stocks:  Potash (POT) reversed lower from early strength, Twitter (TWTR) is still for twits and Radian Group (RDN) was stable. Oaktree Capital Group (OAK), a fixture on my Best Ideas List, is holding well.  Caterpillar (CAT) was down $1.50 on a dumb upgrade (my view!) from Goldman Sachs. My fav large cap, DuPont (DD), is holding well after outsize gains this year. (T)FANG was mixed, with Netflix (NFLX) and Tesla (TSLA) -- my two shorts -- down $2.35 and $1.90, respectively. Apple (AAPL) continues weak -- down 60 cents -- after multiple lower lows. I plan to stay short this "value trap" into tomorrow afternoon's earnings report. NOSH nothing. CRABBY nothing, either. Here is some good stuff on RealMoneyPro today: Jim "El Capitan" Cramer (fresh off his Seder) on the Four Plagues. And Jim on the market's rotation.  Ed Ponsi "Scheme" on higher rates.   Tim Melvin, PE manager.  Daniel Dicker goes Mr. T on us.  Carolyn Boroden sees some resistance.
By

Bob Byrne

 | Apr 22, 2016 | 9:00 AM EDT

Looking for a breakout on banks and bonds. 

By

Doug Kass

 | Apr 21, 2016 | 6:13 PM EDT
The U.S. dollar strengthened modestly. I discussed our currency this morning.  The price of crude oil dropped by 77 cents and closed at $43.40 Natural gas was flat. Gold was quiet, losing $3.60 to $1,250. Agricultural commodities trade as though they are HFT (high-frequency trading) influenced! -- wheat -11.00, corn -11.50, soybean +9.25 and oats -5.50. Lumber was flat. Bonds were lower, with iShares 20+ Year Treasury Bond ETF (TLT) down 65 cents. The 10-year U.S. note rose by two basis points to 1.86% and the 30-year by three basis points to 2.69%. Municipals were flat. Closed-end municipal bond funds were mixed. High yield was down. Blackstone/GSO Strategic Credit Fund (BGB) rose nicely, by eight cents to $13.72. Though down on the day, banks held up well considering the recent strength; however, JPMorgan Chase (JPM) was down by 74 cents. I should have stayed with yesterday's Financial Select Sector SPDR ETF (XLF) short. I will revisit as I expect a correction of plus or minus 5% in these names post haste. Brokerages gave back recent gains. Morgan Stanley (MS) was down 15 cents and Goldman Sachs (GS) down $2.00 Retail was lower, with Wal-Mart (WMT), Home Depot (HD) and Lowe's (LOW) all down, but by less than a beaner each. Under Armour (UA) was an upside standout. Old tech, except IBM (IBM), which was up $2.62, was lower, led by Microsoft following its earnings report. I will dissect Mr. Softee tonight and I am awaiting the conference call in a few minutes. My feedback will be discussed tomorrow. Ag equipment was lower, with Caterpillar (CAT) down 72 cents and Deere (DE) down $1.71. Staples continued their schmeissing -- is the safety trade is over? Good sale earlier in the week in former long Procter & Gamble (PG), which was down 74 cents; it is down almost $3 since my exit two days ago. Best Ideas short Coca-Cola (KO) continues to give gas and Kimberly-Clark (KMB) got whacked by $3.50. Media was lower, but Comcast (CMCSA) and Disney (DIS) only by a half a buck or so each. Biotech was a standout; iShares Nasdaq Biotechnology ETF (IBB) rose by a bit over 2%, led by Celgene (CELG) and Gilead Sciences (GILD). Former spec holding Intrexon (XON) was down $10 after a negative Seeking Alpha report. I expect more big losses ahead in secondary and tertiary biotech names. (T)FANG got declawed, led by Alphabet and its after-hours miss. NOSH was ouch, led by the SBUX miss. CRABBY was also in a rotten mood. In individual names, fav DuPont (DD) was a standout on the upside, rising 60 cents. Potash (POT) was up a dime, and Twitter (TWTR) was unchanged. Here are some great contributions on today's RealMoneyPro site: Jim "El Capitan" Cramer sings Bob Dylan (The Times They are a Changin').  Tim "Not Phil or Judy" Collins on how to play MSFT and GOOGL.  Dick Arms on the market -- always a good read.  Robert "Not Rita" Moreno likes McDonald's (MCD) on the short side; I like this contrary technical take. (The stock is loved by everyone!)  Interesting observation from Brian Sozzi on the message on emerging growth markets delivered by PepsiCo (PEP) and Coca-Cola. 
By

Mark Newton

 | Apr 21, 2016 | 12:00 PM EDT

Evidence suggests fading equities right now might be premature.

Mine and many other reviews of the meeting coming Monday, but the quick highlights to whet...

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