The Financial Select Sector SPDR Fund (XLF)
- Previous Close
42.58 - Open
42.66 - Bid 42.77 x 42300
- Ask 42.84 x 41800
- Day's Range
42.65 - 43.37 - 52 Week Range
31.36 - 44.11 - Volume
44,660,994 - Avg. Volume
37,197,791 - Net Assets 38.8B
- NAV 42.65
- PE Ratio (TTM) 19.40
- Yield 1.59%
- YTD Daily Total Return 14.11%
- Beta (5Y Monthly) 1.02
- Expense Ratio (net) 0.09%
The fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Financial companies by the Global Industry Classification Standard, including securities of companies from the following industries: financial services; insurance; banks; capital markets; mortgage real estate investment trusts; and consumer finance. The fund is non-diversified.
SPDR State Street Global Advisors
Fund Family
Financial
Fund Category
38.8B
Net Assets
1998-12-16
Inception Date
Performance Overview: XLF
View MoreTrailing returns as of 7/24/2024. Category is Financial.
People Also Watch
Holdings: XLF
View MoreTop 10 Holdings (54.59% of Total Assets)
Sector Weightings
Recent News: XLF
View MoreResearch Reports: XLF
View MoreTesla Earnings: Affordable Vehicle Still on Track for 2025 Launch and 2026 Ramp
Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi-truck. Tesla also plans to begin selling more affordable vehicles, and a sports car. Global deliveries in 2023 were a little over 1.8 million vehicles. The company also sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.
RatingPrice TargetGold Prices at Peak
When global economic conditions become unpredictable, investors often flock to gold. Currently, the yellow metal is trading around $2,400 per ounce, up 17% for the year and at the highest level in the past 25 years. During the first phase of the pandemic, as uncertainty abounded, the spot price for an ounce of gold jumped 33% in six months and broke through the $2,000 level. Gold spot prices also spiked above $2,000 in early March 2022 due to the war in Ukraine, and are now at even higher levels as tension simmers in the Middle East and East Asia, and the U.S. presidential election approaches. The current price of gold reflects the perceived safety of hard assets amid the global conflicts, as well as expectations for lower U.S. interest rates (which tend to weaken the dollar, which is the currency in which gold is priced). The outlook for Federal Reserve rate cuts also helps gold, as lower rates reduce the risk for a global economic recession and thus a potential decline in gold purchased for jewelry. Looking ahead, our forecast trading range for gold in 2024 is now $2,500-$1,800, and our average forecast for the year is now $2,200. This compares to average gold prices of $1,960 in 2023; $1,873 in 2022; $1,806 in 2021; $1781 in 2020; $1,400 in 2019; $1,265 in 2018; $1,277 in 2017; $1,258 in 2016; and $1,155 in 2015. As long as geopolitics and global economic uncertainty are part of the market conversation, gold is likely to remain at levels well above the historical averages of $1,150 since 2000 and $1,514 since 2010.
$105 Fair Value Estimate After Nvidia Completes a 10/1 Split
Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
RatingPrice TargetReaffirming BUY and raising target price to $1,100
Nvidia Corp., based in Santa Clara, California, is a visual computing company with worldwide operations and markets. The company operates through two segments, Graphics and Compute & Networking. The company's four main markets are gaming, professional visualization, data center, and automotive. In calendar 2020, Nvidia completed the acquisition of data-center connectivity leader Mellanox.
RatingPrice Target