iShares 20+ Year Treasury Bond ETF (TLT)

TLT (n.a.:Financial Services) ETF
$121.32
pos +0.34
+0.28%
Today's Range: 120.71 - 121.45 | TLT Avg Daily Volume: 9,380,700
Last Update: 09/03/15 - 11:33 AM EDT
Volume: 2,126,597
YTD Performance: -3.92%
Open: $121.38
Previous Close: $120.98
52 Week Range: $112.73 - $138.50
Oustanding Shares: 44,900,000
Market Cap: 5,479,147,000
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
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:
TLT Sector Avg. S&P 500
0.00 0.00 24.17
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
1.29% 3.64% -5.28%
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 Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
And one energy company I'm looking at.

TLT Mystery Real Money Pro($)

There is no flight to safety today, which is good. There is something more fundamental at work now, which is bad.  I don't know.
The U.S. stock market closed near its low on Monday. Spyders were $2.30 lower while QQQs dropped by $1.65. I am short both, as my primary vehicles to be short of the market. August performance gaming is clearly over, though it showed not an appearance on Monday. As I write this at 10 p.m. ET Monday, S&P futures are another 28 handles lower and Nazzies are 60 from the close. Friday's late afternoon "Trades of the Week" (for this week) fared well on Monday. The SPDR S&P 500 ETF (SPY) Sept. 18 $199 weekly calls (on which I am short) -- put on at $4.17 -- dropped to $3.08 and the PowerShares QQQ Trust (QQQ) Sept. 18 $106 puts (on which I am long)  increased by about 65 cents on the day. These trades should do even better today I played last week's rally well. I went net long last Tuesday and sold some positions on the gap on Wednesday and Thursday. I then began to expand my short book toward the end of last week. I got more aggressive as prices rose and as SPY moved over $199. I remain net short and, as mentioned previously, have shorted SPY calls, Spyders and purchased QQQ puts. Again for emphasis, an important top was likely established in the first half of 2015. Last week might have been the Second Chapter in a "saw tooth" move lower for the major indices. (The First Chapter was the breakdown of two weeks ago). Last week was also a harbinger of future chapters and more evidence of breakdowns in the market mechanism. The talking heads who have consistently sanctioned buying the dips will likely be silenced in the month ahead. Many of those talking heads are commentators and, too often, manage virtual portfolios -- and many have missed previous market inflection points. Some others are flip-flopping on a near daily basis, providing little value-added. I am trying to be consistent with my thread, within the confines of the renewed volatility. It's really tough at times. The market mechanism is broken. Badly. More evidence may lie ahead. There has been massive technical damage in the market. Last Monday's down gap messed up so many charts and there was much collateral damage. I am not sure how this plays into the interpretation of a great many charts. Last week retail investors withdrew $17 billion from domestic equity funds. I remain of the view that "Death of the Retail Investor" may be at hand. I have been warning about the loss of liquidity for over a month. Jim "El Capitan" Cramer captured the zeitgeist in an afternoon column on Monday. With retail investors getting religion the demand/supply equation for equities has deteriorated. I will remind everyone that there will be damage, maybe serious damage, from the recent volatility in currencies, equities, bonds and commodities: "As I have warned, this past week's market schmeissing was preceded by unusual volatility in numerous asset classes -- stocks, bond, currencies, commodities and so forth -- in the previous few months. Today's shellacking in the first 30 minutes was like a DEPTH CHARGE -- you simply don't get these moves in the aforementioned asset classes without some dead, levered funds floating up. The damage is not likely over after one day. While the computers and machines panicked this morning, it still is not clear whether the humans will panic next!" Once again (!!) it appears corporations have bought high (at the highs) in their record level of share buybacks. History rhymes. Bonds started the day strong -- up $1 on iShares 20+ Year Treasury Bond (TLT) -- but ended weak (down $1 on TLT). I continue to expect the yield on the 10-year to range between 2.1% and 2.4% over the balance of the year. This would be nonthreatening to my closed-end muni bond holding, which should be an oasis of stability in an uncertain investment world). The yield curve continues to flatten (the yield on the two-year U.S. note hit an eight-month high on Monday), placing pressure on the recovery in bank industry net interest margins. I wouldn't chase bank stocks here, but I would be a buyer on weakness. Compliance and legal expenses are moderating and operating costs are well under control. High-yield and municipal bond markets were unchanged. But Blackstone/GSO Strategic Credit (BGB) was weaker by 1% and I am getting the impression that this ETF is in weak hands. I have been adding. FANG -- a terrific term coined by Jim Cramer for Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google (GOOGL) -- began to sink late in the day. A reminder: I re-shorted Facebook late last week and put back on my paired trade with long Twitter. The latter was recommended by the eagle-eyed analyst at SunTrust and the stock closed up 80 cents after being up more than $1.40 a share.   While the price of oil advanced smartly on Monday, energy-related equities didn't quite follow suit. Either this is an opportunity to buy or oil will retreat back in price. I favor the later. Autos traded well on Monday. Let's watch these in the days ahead for a possible trading opportunity. Ford (F) and General Motors (GM) remain on my Best Ideas List and peak autos seem discounted in the prices. Yesterday I posted weak Gfk data for Apple's iPhone that I received late Thursday afternoon. I don't have a dog in this hunt, but I am leaning to re-shorting Apple (AAPL). It took me a while to evaluate whether the analytical source was a good one (it apparently is!), and given that I was out most of Friday I passed on some observations in the Columnist Conversations on Monday. In marked contrast, Citi's analyst upgraded the shares, seemingly in contradiction to the GFK data. Based on rising volume in the common and in call activity, I continue to accumulate shares of Hartford Financial Services Group (HIG). Check out how Wal-Mart (WMT) combats a hike in the minimum wage. Data for Tuesday: Markit US Manufacturing PMI 52.9E; Construction Spending 0.6%E IBD/TIPP Economic Optimism 47.1E; ISM Manufacturing 52.5E, Prices Paid 39E; Wards Domestic Vehicle Sales 13.7mE, Total Vehicle Sales 17.3mE; Boston Fed President Rosengren speaks at 13:10 ET. A special thanks to Chris "Not the Designer" Versace for a terrific job Monday. Frankly, he did a better job than I would have done yesterday. I love LA, but it's time to get back to business. I feel a quake coming, but not on the West Coast; rather, on Wall

Watch TLT Real Money Pro($)

Remember, my personal short-term equity market "tell" is the iShares 20+ Year Treasury Bond ETF (TLT).

No Flight to Safety Today Real Money Pro($)

This week I wrote about the iShares 20+ Year Treasury Bond (TLT) as a market "tell."

My Personal Market 'Tell' Real Money Pro($)

XL dropped 33% from Friday's close. MDT, F, CELG, CL, JPM, GE, MCK, HD, DAL, PEP and SBUX lost 20% or more. SBUX, BXP, HAS, CVS, ESRX, AET, ADP, FOXA, GILD, ABBV, UNH, MRK, MA, BXLT and DOW lost 17.5% to 20%. Worth Noting: Though profitable, my short covers in Berkshire Hathaway (BRK.B), MetLife (MET), Lincoln National (LNC) and Facebook (FB) late last week were premature.
And bonds are impressively strong, while market generals get hit.

A Peek Inside My Portfolio Real Money Pro($)

My largest individual-equity longs -- Oaktree Capital (OAK), Twitter (TWTR).
But remember, summertime volume is low.
And traders should take a look at the Canadian dollar, too.

Columnist Conversations

out of these for now as we saw no followthrough on tues. SOLD SPY 195 PUT AT 2.70 (IN AT 5.40) SOLD DIA SEPT 1...
Kohl's is moving nicely higher today. Shares are up over 2% and appear to be leaving behind a solid shor...
The current market downdraft has been an equal opportunity decline. While the catalyst has been fear over the...
Mario Draghi just said the issue share limits for asset purchases under the QE program have been increased to ...

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