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Articles by Mining ETF
Manatuck Hill Partners LLC Invests $586,000 in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)
March 22nd, 2020 - By Teresa Graham - Comments Off on Manatuck Hill Partners LLC Invests $586,000 in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Manatuck Hill Partners LLC bought a new position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 20,000 shares of the exchange traded fund’s stock, valued at approximately $586,000.
CIBC World Markets Inc. Cuts Stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)
March 17th, 2020 - By Doug Wharley - Comments Off on CIBC World Markets Inc. Cuts Stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) CIBC World Markets Inc. lowered its stake in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,760 shares of the exchange traded fund’s stock after selling 4,200 shares during the period.
Metals ETF on track for worst day in a year and a half on trade concerns
The largest exchange-traded fund to track the metals and mining sector tumbled on Thursday, as concerns mounted over the Trump administration's trade policies. The SPDR S&P Metals & Mining ETF XME, -5.45% sank 5% and was on track for its biggest one-day percentage drop since September 2016. Among its biggest components, U.S. Steel Corp. X, -10.38% fell 9.9% while AK Steel Holding AKS, -8.42% was down 8%. Nucor Corp. NUE, -5.82% was down 5.6%. Alcoa Inc. AA, -6.17% tumbled 6%.
Boeing's stock tries to avoid its first excursion in to correction territory since 2016
Shares of Boeing Co. were trying to avoid closing in correction territory for the first time in in about two years, according to WSJ Market Data Group. Boeing's stock needs to end Friday's session above $328.18 to avoid registering a correction, defined as a drop of at least 10% from a recent peak. The last time the industrial giant closed in correction was around June of 2016.
Steel and aluminum stocks sink as Trump expected to sign watered down tariff decree
Shares of steel and aluminum producers sank in afternoon trade Thursday, ahead of the expected signing by President Donald Trump of a somewhat softer tariff decree than the one announced last month following widespread pressure to change his tone. Shares of U.S. Steel Corp. X, -3.03% dropped 3.6%, AK Steel Holding Corp. AKS, -3.79% shed 4.7%, Nucor Corp. NUE, -3.18% slid 3.5%, Steel Dynamics Inc. STLD, -3.23% fell 3.6% and Commercial Metals Co. CMC, -3.88% gave up 4.3%.
Metals and mining ETF tumbles after Trump details tariffs policy
The largest exchange-traded fund to track the metals and mining sector fell on Thursday, after President Donald Trump outlined a policy on tariffs that is scheduled to go into effect in 15 days. The SPDR S&P Metals & Mining ETF XME, +0.00% sank 1.9%, with metal stocks leading the way lower. United States Steel Corp. X, +0.50% shed 2.6% while AK Steel Holding AKS, +0.61% was down 3.4% and Nucor Corp. NUE, +0.00% lost 2.9%.
Metals ETF retreat after rallying on Thursday's tariff news
The largest exchange-traded fund to track the metals and mining sector fell on Friday, retreating from a sharp rally in the previous session that came after President Donald Trump unexpectedly announced tariffs on steel and aluminum would be institute next week. The SPDR S&P Metals & Mining ETF XME, -1.33% fell 1.3%, giving back some of the 2.5% gain it had on Thursday. Despite that rally, however, the fund remains down 2.2% on the week. Among its most notable components, United States Steel Corp.
Metals ETF rises on report Trump won't announce steel tariff
An exchange-traded fund that tracks the metals and mining sector rose on Thursday, after CNBC reported that President Donald Trump wouldn't impose tariffs on imports of steel and aluminum at a meeting with industry executives. The SPDR S&P Metals & Mining ETF XME, +1.64% gained 1.1% in volatile trading. Among its specific components, United States Steel Corp. X, +4.71% rose 0.9% while AK Steel Holding Corp. AKS, +5.81% was up 1.9% and Nucor Corp. NUE, +2.30% was up 1.2%.
Metals and mining ETF rallies after Commerce Department recommends tariffs
An exchange-traded fund tracking metal and mining companies rallied on Friday, after the Commerce Department recommended tariffs on major metal imports. The SPDR S&P Metals & Mining ETF XME, +2.17% jumped 3.1% and extended its advance throughout the trading day. Thus far this week, it is up 12%, which is set to be its biggest one-week percentage gain since March 2016.
Charting a failed technical test, S&P 500 stalls at the breakdown point
The major U.S. stock benchmarks continue to digest the August downturn, the year’s most technically damaging to date. In the process, the S&P 500 has failed its latest retest of major resistance — S&P 2,453 — amid potentially consequential emerging trends across asset classes. The charts below add color: Before detailing the U.S. markets’ wider view, the S&P 500’s SPX, -0.06% hourly chart highlights the past two weeks.
Stocks would get support if Trump doesn’t make the same mistake twice
Let me explain: For eight years the Republicans were united in their dislike of him, but now that he’s gone, they’re have difficulty staying united. The failure of the health-care bill Friday is proof positive that the Republicans are having a tough time without Obama around. Now that the health-care plan has failed, investors’ focus will be on tax reform. President Trump may be able to lower corporate taxes, which would help the market the most.
The path won’t be straight, but gold’s bullish trajectory is set
Gold could have at least another 5% upside this year from the 5% leap it already notched in January, driven by higher inflation expectations and the safe-haven demand seen amid swirling uncertainty for the Trump administration’s growth proclamations and its foreign diplomacy.
S&P 500’s ‘bull trend’ strengthens amid election-fueled sector rotation
Technically speaking, the U.S. stock markets’ backdrop continues to strengthen amid the election-fueled cross currents. Consider that Dow Jones Industrial Average has notched three straight all-time closing highs — punctuating a six-session 1,050-point spike — while the S&P 500 remains within striking distance of uncharted territory. Before detailing the U.S. markets’ wider view, the S&P 500’s SPX, +0.22% hourly chart highlights the past two weeks.
Investors dig into mining ETFs as metals rally
Mining exchange-traded funds surged on Friday, extending their strong year-to-date advance amid a strong rally in the broader materials sector, as well as in precious metal prices. The advance followed a weaker-than-expected August jobs report, which was seen as lowering the potential for an interest-rate increase by the Federal Reserve. The price of December gold GCZ6, +0.69% rose 0.7% on the day while December silver SIZ6, +2.33% advanced 2.3%.
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