|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||201.93 - 202.94|
|52 Week Range||162.80 - 207.47|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.43%|
Durable goods orders, a key economic indicator, are the new orders placed with domestic manufacturers for delivery of high-value factory hard goods. The US Census Bureau conducts its “Manufacturers’ Shipments, Inventories, and Orders” survey and publishes the durable goods orders data. A total of 3,000 American manufacturers from 92 different industries are surveyed for this report.
The United States Census Bureau publishes a monthly report that tracks the new orders for machinery, tools, and equipment for US industries. The United States Census Bureau releases this data through the M3 (Manufacturer’s Shipments, Inventories, and Orders) Survey. This survey reports the capital expenditures (or capex) by industries.
Are Trade Wars Improving the US Trade Deficit? The US international trade deficit decreased to $46.2 billion in April—a healthy decline compared to the revised March reading of $47.2 billion. The report was prepared by the U.S. Bureau of Economic Analysis and the Census Bureau.
Durable goods orders reflect new orders placed with domestic manufacturers to deliver high-value factory hard goods. The durable goods orders in April were reported below the market expectations. The durable goods orders decreased by $4.2 billion or 1.7% to $248.5 billion.
Boeing (BA) was the only major industrial company that flew high during the February 2018 mass sell-off in the market. Business-wise, 2018 appears to be rosy from the guidance issued by Boeing. Given the backlog levels, Boeing expects a moderate new order intake in 2018.
Boeing (BA) operates in a highly capital-intensive industry. The planemaker has to invest on a regular basis in research and development in new aircraft manufacturing, innovation, and technology upgrades. Companies operating in this space keep their rivals at bay only through a solid investment in innovation and research.
Defense ETFs have been gaining strength in recent times thanks to a host of factors and made themselves a must-watch this Memorial Day.
On May 22, crude oil (DBO) rose towards $80.0 per barrel. The surge in the price was due to concerns over dwindling Venezuelan crude output as well as a potential fall in Iranian exports. The deal among the OPEC (Organization of the Petroleum Exporting Countries) and Russia to trim oil supply coupled with a solid global demand has fueled the recent oil price rally.
On May 8, President Donald Trump announced that the US would withdraw from the nuclear deal with Iran. The statement resurrected fears of the US re-imposing sanctions on Iran. President Trump was of the view that Iran has used the nuclear pact and diverted oil receipts to create anarchy in the Middle East.
The US Census Bureau publishes a monthly report that tracks new orders for machinery, tools, and equipment for US industries. This data is released by the US Census Bureau through the Manufacturer’s Shipments, Inventories, and Orders (or M3) survey. Capex spending by industry can be assessed through this economic indicator.
The US Bureau of Labor Statistics conducts the monthly establishment survey and reports the number of hours worked by the manufacturing (FXR) sector workers. The manufacturing sector (ITA) employs a large portion of the US workforce, and increasing worker hours is a strong signal for the economy. Increasing working hours in the manufacturing sector (IYJ) is a sign that employers are anticipating higher demand in the future, which is a positive sign for the economy.
On March 31, Boeing (BA) had cash and cash equivalents of $9.2 billion, up ~$400.0 million from $8.2 billion on December 31, 2017. The aircraft manufacturer has paid cash dividends on common stock every year since 1942. FCF (free cash flow) is calculated by subtracting capital expenditure from operating cash flows.
Different people interpret the VIX different ways. For some, a low VIX and dropping volatility signal a good time to invest, basically seeing the overall volatility and worry come down in the market. For others, it is a sign of complacency. Both are right. When you look at last year’s low VIX persistent throughout the year, coupled with high returns of close to 20% for the S&P 500 (SPY) and close to 30% for the Nasdaq Comp (QQQ), one would conclude that lower VIX = better. But in January when the VIX bottomed below 9 before ballooning to over 50 in February, low VIX = worse. So which one?
It's Surprising that President Trump Isn't Tweeting about ThisUS trade deficit saw largest monthly decline since 2009
Durable goods orders are an economic indicator that shows new orders placed with domestic manufacturers for delivery of high-value factory hard goods. The US Census Bureau publishes this report and the data required to prepare this report is collated from the US Census Bureau’s “Manufacturers’ Shipments, Inventories, and Orders (M3)” survey. The durable goods orders report for March was released on April 26.
Boeing had an ugly day of trading Tuesday. Wednesday could either be much better or much worse for the stock once the company reports earnings, according to the options market.
The Institute for Supply Management (or ISM) publishes a monthly manufacturing (ITA) report that gives insight into manufacturing activity in the US. The key reason for the drop in the manufacturing (IGA) index was the decline in employment and new domestic and export orders.
Shares of defense companies tend to outperform the broader market when the United States takes military action in the Middle East, history shows.
How will the U.S.-China tariffs affect ETFs holding stocks that are caught in the trade war crossfire?
The latest report from the US Department of Commerce, which was released in December 2017, indicated that the United States is the largest steel importer in the world, and Canada is the largest source of imports of steel and aluminum into the United States. Other countries that are major exporters to the United States are the European Union, South Korea, Mexico, and Brazil.
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Non-defense core capital goods (excluding aircraft and defense purchases) are a proxy for spending by industries. Increased capital expenditure by industries (XLI) is a positive sign as the management would do so only if they are expecting increasing demand, thus making this indicator a forward-looking indicator. This economic indicator has a weight of 4% in the LEI.