SPDRS&P 500ETF (SPY)

SPY (NAL:Financial Services) ETF
$203.13
pos +0.00
+0.00%
Today's Range: 202.72 - 210.85 | SPY Avg Daily Volume: 87,992,500
Last Update: 06/24/16 - 4:00 PM EDT
Volume: 0
YTD Performance: -0.31%
Open: $0.00
Previous Close: $210.81
52 Week Range: $181.02 - $213.34
Oustanding Shares: 884,532,116
Market Cap: 186,468,215,374
6-Month Chart
TheStreet Ratings Grade for SPY
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:
SPY Sector Avg. S&P 500
0.00 0.00 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
0.06% -3.50% 29.40%
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 SPY:
EBITDA 0.00B
Revenue 0.00B
Average Earnings Estimates

Earnings Estimates data is not available for SPY.

Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
Secular economic stagnation Rising political and geopolitical risks. A profit recession (and analysts still-to-optimistic S&P 500 earnings forecasts). Falling profit margins. Complacency, as defined by a lack of fear about a potential large market pullback. Elevated valuations relative to GAAP earnings, as well as the wide schism between GAAP and non-GAAP profits. Add it all up and you can see why I made a short of the SPDR S&P 500 ETF (SPY) this week's "Trade of the Week." I plan to be a short seller on any moves higher, and I expect to raise my small net-short exposure further if the market goes up. In light of last night's news about Tesla (TSLA) buying SolarCity (SCTY), perhaps we should call this the "Tesla Top"!
The results of Thursday's vote should put a stop to day after day of little intraday movement.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened. Crude oil climbed to $49.20, up $1.23. Gold slipped by three dollars to $1,291. Agricultural commodities got schmeissed: wheat -7, corn -17, soybean -12 and oats unchanged. Lumber +2. Bonds were hit as the flight to safety dissipated. The yield on the 10-year note rose by five basis points to 1.666% (yikes!) and the long bond increased by an equivalent amount to a 2.47% yield. The 2s/10s spread steepened a bit to 93 basis points. Municipals sold off and so did closed-end muni bond funds. High yield was stronger. Bank stocks prospered, but were well off their early-morning highs. As I mentioned, C is trading under $43 a share after trading over $44. Bank of America (BAC) and JPMorgan Chase (JPM) gains "twittered" away. Insurance stocks rallied, but like banks, were lower than the a.m. levels. Brokerages were better, but they, too, were well off their highs. Retail showed small gains. FL, my short, was up $1 earlier in the day but closed just seven cents higher than Friday's close. Nordstrom (JWN) was up only two bits after some horrible underperformance. Biotech rallied after recent weakness, with iShares Nasdaq Biotechnology ETF (IBB) up $2.30. Energy stocks were higher, but only modestly so -- a continuing theme of the day. Old tech was mixed, with IBM (IBM) $1.60 higher leading the upside. (T)FANG was strong, led by Alphabet (GOOGL), Tesla (TSLA) and Amazon (AMZN). NFLX was lower on the NYT article I mentioned. Agricultural equipment traded higher despite CAT's 42nd consecutive month of lower dealer retail sales. Media was mixed. In individual stocks, Oaktree Capital Group (OAK) and TWTR rose. So did long fav DuPont (DD), but all were only marginally higher after better gains earlier. Apple (AAPL) was a clear underperformer, flat on the day. In sectors, Consumer Staples Select Sector SPDR ETF (XLP) and Material Select Sector SPDR ETF (XLB) were a tad higher. Here is some value-added commentary on the site: Jim "El Capitan" Cramer on a new oil-inspired dynamic in the marketplace.  Jeremy LaKosh on changing inflation expectations. I will be addressing this subject during the week. "Meet" Brett Jensen And "His Son Elroy" on three biotech opportunities.  Rev Shark wants to exit the Brexit chatter .  Sham "The" Gad "And the Pharoahs" on spin-off opportunities. Wooly bully!
There is still embedded fear and it should be traded.
Bank stocks have lost much of their gains for the session, so let's continue to keep an eye on the financials.

Shorting More SPY Real Money Pro($)

I've been steadily shorting the SPDR S&P 500 ETF (SPY) on a scale higher this morning.

Trade of the Week: Short SPY Real Money Pro($)

A likely Brexit "Remain" vote has created a near-term market respite and an opportunity to sell or short SPY. (S&P 500 futures were nearly +30 higher at last check this morning.) However, I think this is only a respite -- probably not the beginning of new bull-market leg. A "Remain" vote won't change the trend that permeates the globe these days toward growing nationalism and isolationism. The market has no memory from day to day. Positive investor sentiment today
A lost leader in Celgene and a Perrigo rumor have put a scare in the charts.
The S&P 500 is down for the fifth day in a row, and is now some 30 handles below the levels where I shorted the SPDR S&P 500 ETF (SPY) on Tuesday.
Despite some bearish signals, I am neutral on the SPY and focused on the $207 area.

REAL MONEY'S BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.