iShares 20+ Year Treasury Bond ETF (TLT)

TLT (NASDAQ:Financial Services) ETF
$117.50
neg -1.48
-1.24%
Today's Range: 117.28 - 118.86 | TLT Avg Daily Volume: 9,476,900
Last Update: 12/09/16 - 4:00 PM EST
Volume: 14,349,278
YTD Performance: -0.15%
Open: $118.64
Previous Close: $118.98
52 Week Range: $118.00 - $143.62
Oustanding Shares: 44,600,000
Market Cap: 5,369,840,000
6-Month Chart
TheStreet Ratings Grade for TLT
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
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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:
TLT Sector Avg. S&P 500
0.00 0.00 0.00
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-13.72% -2.28% 16.98%
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 TLT:
EBITDA 0.00B
Revenue 0.00B
Average Earnings Estimates

Earnings Estimates data is not available for TLT.

Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
I'm going to keep tossing this TLT trade up until folks bookmark it and use it.

Wild and Woolly Bond Action Real Money Pro($)

In pre-market trading much of the action was in the bonds, which sold off hard after the European Central Bank decision; then iShares 20+ Year Treasury Bond ETF (TLT) recovered by $1 in the last 30 minutes.

FOMO ... or Something Else? Real Money Pro($)

The CBOE 10-day put/call has declined to below 0.90 -- a sign of extreme optimism. But in early summer the figure fell to close to 0.81. The 10-year U.S. note yield has moved 15 basis points lower from its 2.51% recent peak. A move below 2.3% might indicate that 2.5% was important resistance, and this could place pressure on bank stocks and selected financials, which slowed down a bit yesterday and underperformed. The five-week advance/decline intermediate momentum indicator has moved from oversold to overbought during the Trump rally.  On the other hand, we now have more than 420 new highs -- the highest reading in 23 months -- and a Dow Theory buy signal has been triggered with the transports following the industrials to new highs. Tactically, I took much of my index shorts off around midday as conviction was trumped -- pun intended -- by risk control and management. Fortunately, some of our core investment longs Radian Group (RDN) , DuPont (DD) , Campbell Soup (CPB) and JC Penney (JCP) (up 4% yesterday) moved to recent highs and a number of my trades (long iShares 20+ Year Treasury Bond ETF (TLT) , short TLT puts, for example) panned out successfully, as have some important short positions been additive to performance, such as Apple (AAPL) , Starbucks (SBUX) , the autos (which I covered yesterday) and Coca-Cola (KO) (which has been reduced) , as well as some short-term rentals such as short Cisco (CSCO) , which was covered this week. Bottom Line
Who would want to sell short in this environment?

Out of My Short TLT Puts Real Money Pro($)

I am out of my short iShares Barclays 20+ Yr Treas.Bond ETF  (TLT) $120 December puts for a nice profit.

Another Housekeeping Item Real Money Pro($)

I am adding to my Hartford Financial  (HIG) long, and I have sold out the balance of my Trade of the Week, iShares Barclays 20+ Yr Tr…

Today's Trades Real Money Pro($)

I have been active this morning. I have added to my Campbell Soup  (CPB) and JC Penney  (JCP) longs. I covered a portion …
I shorted iShares 20+ Year Treasury Bond ETF (TLT) December (monthly) $120 puts at $1.90 on Monday.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar has weakened considerably. The price of crude oil was down by about two bits to $51.45. Gold fell by another $4 to $1,174. Ag commodities got a lift: wheat up $0.04, corn up $0.11, soybeans up $0.16, oats down $0.15. Lumber down $2. Bonds, the object of my affection today ("Trade of the Week"), reversed from early morning lows. After yields rose by more than 4 basis points on the 10-year, the close was relatively flat. TLT slipped $1.20 from Friday's close, ending the day slightly higher. Bravo! Municipal bonds sold off. But closed-end muni-bond funds got a lift (e.g., Eaton Vance Municipal Incm 2028 Term (ETX) and Blackrock Taxable Municipal Bond Trust (BBN) ) -- hard to explain why, though! The 2s/10s spread dropped by two basis points to 127 basis points. Banks, stated simply, are continuing to be the "world's fair" -- regardless of what rates do. Short Bank of America (BAC) , Citigroup (C) and JP Morgan Chase (JPM) (all small). Brokerages bullish -- led by Goldman Sachs (GS) (on a late HSBC (HSBC) buy upgrade today, seriously??!!!). But insurance lagged, though my long Hartford Financial (HIG) was modestly higher. Auto stocks stalled. I am still small short General Motors (GM) and Ford (F) . Retail was stronger -- with upside leadership from Nordstrom (JWN)  , Best Buy (BBY)  , Foot Locker (FL)  , Nike (NKE) and Urban Outfitters (URBN) . JC Penney (JCP)
Is the short-term price momentum bullish, bearish or neutral? If it is bullish, I will generally lean to longs. If it is bearish, I will generally lead to shorts. However, a strong enough idea could still be a contrarian play (and running against the primary trend) -- but I must be relatively confident and convicted in my out-of-consensus view or thesis.  Why select the idea now? What are my near-term catalysts? If the idea is sector specific (and not company specific), are there any other stocks in the sector that might offer a better reward vs. risk?  Why put on the trade at the current share price? With longer-term investments, as you all know, I tend to average into positions on the belief that no one has a concession in determining the perfect entry point. But trades of shorter duration are tougher! Is there a margin of safety if I am wrong? (What can I lose?) What is my reward vs. risk (upside compared to downside)? What are the factors that contribute to my decision -- and even more importantly, what are the probabilities associated with each bullish scenario? And what are the factors (and assigned probabilities) that could ruin the trade? What is my stop loss -- in the event Mr. Market disagrees with me? If the stock is volatile (and this applies to either longs or shorts) -- am I better off using options (buying/selling calls or puts) rather than using the common shares?  My conviction level must be high for me to sell short (naked) calls/puts. I vastly prefer buying calls/puts as my risk is defined in a market that the only certainty is the lack of certainty. This helps me deal with the market's uncertainty and volatility.  If quickly successful in a trade (e.g., today's iShares Barclays 20+ Yr Treas.Bond ETF (TLT) long "Trade of the Week") I usually scale out slowly on strength -- not waiting for the "perfect price."  Finally, I size my short-term trades appropriately. Depending on my degree of conviction usually they are small-sized. My greatest convicted trades are no more than between small- and medium-sized. Traders with little or limited experience should almost always make very small moves.

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