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Blogs about XLF

Blogs	Description	Date Updated
Option Update: Goldcorp volatility flat; shares near record on $924 Gold	Filed under: Options, Goldcorp Inc (GG)Goldcorp (NYSE: GG), a gold producer with 100% of its production unhedged, closed at $44.34. Gold is recently up 1.07% to $924.90 according to Bloomberg. GG is scheduled to report Q2 EPS on July 31. GG overall option implied volatility of 46 is near its 26-week average according to Track Data, suggesting non-directional price risk. Financial Select Sector-XLF overall volatility at 39; 26-week average is 34 Option Update is provided by Stock Specialist...	June 27, 2008
Citigroup's Downgrade Sinks Markets and Financial ETFs Lower	Financial exchange traded funds (ETFs) sank lower today after a downgrade of Citigroup (C) sent the bank's shares to a 10-year low. Goldman Sachs said investors should sell the bank's stock short, reports Neha Singh for Reuters. The last time its shares had traded so low was in October 1998, when Travelers Group and Citicorp merged to create Citigroup. Goldman Sachs Analyst William Tanona said the United States' largest bank may take $8.9 billion of writedowns from the April-June period, whic...	June 26, 2008
Financial, Consumer Discretionary ETFs Hit By Goof	Goldman Sachs & Co. admitted that it made a mistake in upgrading the financial and consumer discretionary sectors, putting related exchange traded funds (ETFs) back in a funk. Seven weeks ago, the sectors were boosted by Goldman on the belief that they would benefit from bank recapitalizations and fiscal stimulus, something they now admit was "clearly wrong." The recommendation had been to overweight in consumer discretionary and maintain a neutral weight in financials, report Su...	June 23, 2008
Four at Four: Speculating About Speculation	One of the easiest ways to avoid having to explain complicated situations is to find a group of nefarious types who can’t be named or quantified and finger them for the blame. In today’s oil market, those people are “speculators,” and they’re the ones responsible, as the story goes, for the massive rise in oil prices in the last year. Crude continued to rise in trading today, gaining $1.38 to $136.74, and while speculative capital has fueled some of the gains, the ...	June 23, 2008
FedEx, Financials Take Markets and Some ETFs Lower	FedEx (FDX) made an express delivery of disappointment to the markets this morning, but the transportation exchange traded fund (ETF) is holding steady in early trading. The company said that falling demand and rising oil and gas prices are going to weigh on their fiscal 2009 profits, reports Tim Paradis for the Associated Press. FedEx is 13.9% of the iShares Dow Jones US Transportation Average (IYT), which was up slightly. Year-to-date, it's up 12.8%. The financial sector's woes continued...	June 18, 2008
In Slicing Up the Dow's ETF Sectors, a Picture Emerges	The past few weeks have been hard on investors and their sector-focused exchange traded funds (ETFs). But not all sectors are suffering equally. A glance at the Diamonds Trust (DIA), which tracks the Dow Jones industrial average, shows that the benchmark-tracking ETF has fallen to a near six-month low, reports Jonathan Bernstein for ETFZone. Year-to-date, DIA is down 6.6%. The thesis for the lowered optimism toward the Dow revolves around certain economic factors: through-the-roof energy pri...	June 17, 2008
Fast Money Recap	Word On The Street WORD VIDEO HERE Lehman Take The Financial Times reported on Wednesday that Lehman Brothers (LEH) may need to raise more capital. The news sent shares of LEH tumbling 13%. Adding more fuel to the fire was a Merrill Lynch analyst who reversed his buy rating on Lehman just 7 days after he initiated it. Macke gave praise to the analyst for changing his tune on Lehman. Finerman said the call was interesting and she wonders if Merrill Lynch is having problems. Adami said he would bu...	June 11, 2008
For the Last Time, Have Bank Stocks Hit a Bottom?	The hard part about waiting for a certain stock or sector to reach a bottom is that doing so can take a mind-numbingly long period of time. Take the financial stocks, for instance. For four consecutive days ended on Wednesday, the Philadelphia Stock Exchange/KBW Bank Index lost more than 1% of its value, eventually closing at 72.48, exceeding the lowest closing levels reached in mid-March, when the entire financial industry seemed to be cracking up. Wednesday’s close in the wake of more...	June 05, 2008
Fast Money Recap	Word On The Street WORD VIDEO HERE Lehman Debacle The traders discussed a report from the Wall Street Journal that said Lehman Brothers Holdings (LEH) is considering raising $3 billion to $4 billion in capital. Macke said Lehman could have some serious problems and its troubling that the company has to keep telling investors how liquid it is. Najarian said put options activity in the Financial Select Sector SPDR (XLF) and Lehman Brothers was heavy today. However, he said that Lehman probably is...	June 03, 2008
It's Sunny Out, But the Financial Sector and ETFs Have a Gloomy Day	The KBW Capital Markets (KCE) exchange traded fund (ETF) lost 2.3% in trading today, sending the fund to a six-week low. The fund is down 22.3% year-to-date. The BKX index of 24 major bank stocks also fell to a five-year low, sending it below the lowest close it reached in March when the financial system was close to melting down, reports Money & Co. Accelerating KCE's slide was Standard & Poor's ratings cut on a number of its holdings, reports Tomi Kilgore for Thomson Financial News....	June 02, 2008

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