SPY (NAL:Financial Services) ETF
pos +0.00
Today's Range: 212.76 - 214.08 | SPY Avg Daily Volume: 83,318,500
Last Update: 10/21/16 - 4:00 PM EDT
Volume: 0
YTD Performance: 4.96%
Open: $0.00
Previous Close: $213.88
52 Week Range: $181.02 - $219.60
Oustanding Shares: 909,932,116
Market Cap: 194,616,280,970
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
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 29.40
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-1.06% 5.96% 22.70%
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:
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

My Takeaways and Observations Real Money Pro($)

The U.S. dollar soared, something I highlighted very early in the morning as an important factor in my short-term negative view of the equity market. The price of crude oil fell by $0.56 to $50.79 after several days of strength. Gold was down $4.30 to $1,256 after a better start earlier in the day. I plan to add on weakness. I don't expect a December rate increase (see below) and more central bank lunacy and limited fiscal flexibility in a partisan Washington next year. Ag commodities: wheat up $0.03; corn up $0.02; soybeans down $0.01; and oats up 2 $0.02. Bonds rallied in yield but declined in price. The 10- and 30-year note and bond climbed by 3 basis points in yield. The 2s/10s spread (yield curve) rose to 90 basis points. Munis were sold and junk bonds weakened more considerably. Blackstone/GSO Strategic Credit Fund (BGB)  was down only $0.02. Banks held up fairly well under the circumstances as bond yields rose. I haven't pulled the trigger on short Financial Select Sector SPDR Fund (XLF) , but I am close as the yield curve remains flat. However insurance and brokerages got hit. Last week's short pickups in Metlife (MET) and Lincoln National (LNC) turned out well. Autos and energy lower. Retail was on sale. Warm weather hit the sector's earnings in the soon to be released quarter, but this is starting to be discounted as the turn in weather (colder) now could bode well for the important Christmas/holiday quarter. Biotech got schmeissed -- something I warned readers to expect (after Illumina (ILMN) issued lower guidance) in my "Takeaways" last night. Celgene (CELG) , Gilead Sciences (GILD) (everyone's very value biotech, I see it as a value trap; today it hit a year low) and Allergen (AGN) all much lower. Speculative biotech tanked. Trump's rogue actions today and Clinton's overwhelming strength in the polls may have also contributed to today's train wreck in biotech. Ag equipment stalled despite a Goldman Sachs (GS) upgrade. Old media lower, led by losses in IBM (IBM) and Intel (INTC) . Fertilizers not so crappy with gains in Monsanto (MON) and Potash Corporation of Saskatchewan (POT) . Media under assault again. All four components of (T)FANG were lower, but far less than the market' drop. Netflix (NFLX) , my only short, looks to be breaking down. In terms of individual stocks, Oaktree Financial (OAK) was a sap, but I added, as was JCP, which I also added to. In the latter retailer the colder weather is a plus but the third quarter will likely have been hit (along with other retailers) by the unseasonably warm weather. At $9 I expect the market might look through a disappointment. Unconfirmed rumors that Prince Alaweed might raise his position in Twitter buoyed the shares as did continued Salesforce (CRM) takeover chatter (albeit at a lower price). Here are some value-added contributions on our site. 1. Jim "El Capitan" Cramer clearly doesn't agree with my negativity in " Nowhere to Run, Nowhere to Hide." Jim sees the absence of new money as an integral factor today - while I have more fundamental issues that I raised in my opener, "The Market Outlook Worsen." 2
With the S&P 500 Index futures down by more than 45 handles from yesterday's peak I have taken down my SPDR S&P 500 ETF Trust…

Covering More SPY Shorts Real Money Pro($)

I covered some more SPDR S&P 500 ETF Trust (SPY) shorts at around $213.75 just now and added JCP at $9.05 (moved up my bid because the we…

Trade of the Week (Revisited) Real Money Pro($)

Yesterday morning's Trade of the Week -- short SPDR S&P 500 ETF Trust (SPY) at $216.65 -- is nearly $3 in profit territory. &n…

The Market Outlook Worsens Real Money Pro($)

Overvaluation, with 25x GAAP and 19x non-GAAP) political uncertainties the likelihood of more fiscal gridlock (2017-2020) with a Democratic presidency and Senate and a Republican House  geopolitical risks nascent inflationary pressures a mean regression of corporate profit margins an undercapitalized and derivative top-heavy Deutsche Bank (DB)   the dominance of risk parity and volatility trending strategies that exaggerate short-term market moves and run the risk of more dangerous flash crashes, the general lack of fear and Bull Market of Complacency, and a peak in central banks' liquidity For most, it might be an opportune time to raise cash, reduce equity exposure and, generally, err on the side of conservatism. For me, with market risks mounting, I plan to raise my short exposure on any further market strength.
Back from my meetings to find the S&P 500 Index basically traded in a 2-3 point range over the last four hours, which is a statisti…
Between meetings ... little movement. Little trading save SPDR S&P 500 ETF Trust (SPY) short.

Trade of the Week Real Money Pro($)

We are at "Peak Liquidity" as the actions and impact of central bank largesse is diminishing rather quickly now. Moreover, the Fed has telegraphed a December rate rise which is not too far away. The bond market's downtrend is accelerating (iShares Barclays 20+ Yr Treas.Bond ETF (TLT) down a beaner today to a multi-month low). Higher interest rates cause competition to equities as they serve at the core of a discounted dividend/earnings/cash flow model. They also, as I mentioned earlier today pressure defensive stocks and sectors. There are more signposts of domestic slowdown/recession -- and negative macro surprises are accumulating, including
The SPY Dec. 2018 $175 put option could be the right move.
Buying shares juiced up by buying opportunistically and selling calls against the position.

Columnist Conversations

we saw decent numbers from mr softie, our calls up nicely. We'll roll up. SOLD MSFT DEC 55 CAL...
we have a stellar winner here, will sell it and move on. SECOND this week! SOLD NFLX NOV 120 CALL AT ...
UK-based Manpower Group (MAN) reported better than expected Q3 earnings, at $1.87 versus a $1.72 estimate. ...


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