SPDRS&P 500ETF (SPY)

SPY (n.a.:Financial Services) ETF
$216.89
neg -1.10
-0.51%
Today's Range: 216.98 - 217.75 | SPY Avg Daily Volume: 88,173,500
Last Update: 08/31/16 - 12:02 PM EDT
Volume: 19,410,233
YTD Performance: 6.93%
Open: $217.61
Previous Close: $218.00
52 Week Range: $181.02 - $219.60
Oustanding Shares: 906,332,116
Market Cap: 197,906,680,850
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
3.69% 9.39% 33.21%
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

My Takeaways and Observations Real Money Pro($)

The U.S. dollar weakened a tad. The price of crude oil rose by over $2 to $46.79. Gold fell by $22.70 to $1,333. The commodity broke out at $1,300, so support seems to be there. Agricultural commodities: wheat +6, corn +5, soybean +31 (!), oats flat. Lumber +3. Bonds schmeissed. iShares 20+ Year Treasury Bond ETF (TLT) down $2.20. The yield on the 10-year rose by eight basis points to 1.51%. The long bond yield rose nine basis points to 2.23%. The 2s/10s rose to 84 basis points. Municipals were hit small, but closed-end funds got smashed. Several muni bond funds were down by more than 2%. High yield was stronger, despite the decline in the taxable fixed-income market. Banks continued higher. So did brokerages and insurance, led by Goldman Sachs (GS) , up $5, and Lincoln National (LNC) , up $1.85.. Retail was mixed, led by Nike (NKE) to the upside and Home Depot (HD) and Walmart (WMT) to the downside Biotech disappointed. iShares Nasdaq Biotechnology ETF (IBB) was up only $1.50. After the close Teva Pharmaceuticals (TEVA) raised guidance. Autos continued strong down the track. I covered most of my auto shorts in the Brexit period and I am close to re-shorting on the recent strength. Peak autos, I say, again. Ag equipment, which was sold on the rumor of a big crop, was bought on that news today. Staples did little. Old tech was broadly higher, with IBM (IBM) leading to the upside. Media was weak, with Disney (DIS) barely up and Comcast (CMCSA) (recently covered) lower. (T)FANG was disappointing. Telsa (TSLA) and Amazon (AMZN) were lower. Trade of the Week, short Netflix (NFLX) , was up a beaner. In individual stocks, DD was the world's fair (now up $5 from my incremental buy last week) as was Radian Group (RDN) , up another 4% and now up 18% since last week's inclusion as Trade of the Week. Oaktree Capital Group (OAK) was flat, and so was Hartford Financial Services Group (HIG) (disappointing, considering its insurance peers' strength). Starbucks (SBUX) , a short, hurt me (up $1.10). Another short, Apple (AAPL) , was up a large fraction. Here are some fine and value-added contributions from our peeps today: Jim "El Capitan" Cramer really likes Alcoa (AA) , and because of it I am doing more serious work on this name now.  Tim "Not Judy or Phil" Collins takes a non-consensus view on Delta Air Lines (DAL) ; I like this piece.  Tom Graff on what would it take for rates to rise.  Say it ain't so -- Ben "Goldfinger" Cross says gold is looking wobbly. Honest and flexible, Ben, in his approach to the precious commodity.  Tony Owusu takes a look at Amazon's Prime Day.   

Shorting More SPY Real Money Pro($)

I've added to my short of the SPDR S&P 500 ETF (SPY) at $214.62.

Extreme Greed! Real Money Pro($)

With the S&P 500 at a new intraday high and the SPDR S&P 500 ETF (SPY) at $214, CNNMoney's Fear & Greed Index is approaching "Extreme Greed."
A September $57.50-62.50 in the $1.50 to $1.55 range was my play of choice here.

Shorting More SPY Real Money Pro($)

 

My Takeaways and Observations Real Money Pro($)

The U.S. dollar is stronger. Crude oil is breaking down, off $2 to $45.35. Smaller draw of supplies is the reason. Gold is down by $6 to $1,361. Bonds are flat. The yield on the 10-year U.S. note is unchanged while the long bond is down one basis point. The 2s/10s spread is unchanged at 80 basis points. Municipals and high yield are flat. Closed-end municipal bond funds continue to climb in price. Banks are solid, but are off the highs modestly. Brokerages are up a bit. Life insurance is terrible; no bounce after a sustained drop. Retail is lower, with my short Foot Locker (FL) down, though my other short Nordstrom (JWN) is higher. Old tech is quiet. Energy stocks are getting hit. I covered too early a week ago! Biotech is down a tad. Auto stocks are up modestly after their schmeisssing. Staples are down small save for PepsiCo (PEP) on an earnings beat. Media and ag equipment are doing nada. (T)FANG is mixed. Nothing special there. In individual stocks, TWTR, DD, RDN and Oaktree Capital Group (OAK) are up modestly. Apple (AAPL) is up two bits but still looks weak. Same for Starbucks (SBUX). Here are some value-added columns from our hard-working contributors: Jim "El Capitan" Cramer, who is probably deeply ensconced in his garden on Long Island, writes about Amazon's (AMZN) all-time high. Jim observes that this is occurring while retail is not folding. But retail has already been a land mine, so I am not sure whether the non-Amazon retail space is safe to invest in yet. "Meet" Bret Jensen on five stocks for the second half.  Roger Arnold on conflicting economic narratives. "Stormin'" Mike Norman sees a pullback in gold.  Chris Laudani on overvalued staples. This was also a theme of mine back in late May.

My Latest Trades Real Money Pro($)

I'm adding to my longs of DuPont (DD), Radian (RDN) and Twitter (TWTR). I'm going shorter on the SPDR S&P 500 ETF
I'm adding shorts of the SPDR S&P 500 ETF (SPY) at $209.66, the PowerShares QQQ ETF (QQQ) at $108.30 and the iShares Russell 2000 ETF (IWM) at $113.89 to my "Best Short Ideas" list.

Shorting Even More SPY Real Money Pro($)

I'm planning to materially add to my short exposure at current levels today, based on the observations that I made in my opening missives yesterday (click here and here) and on Tuesday (click here).

Shorting Even More SPY Real Money Pro($)

We're seeing a sharp reversal in both stock prices and bond yields from where they were this morning.

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