Streetbeat News

FEZ

SPDR EURO STOXX 50 ETF

https://www.ssga.com/us/en/institutional/etfs/funds/spdr-euro-stoxx-50-etf-fez

Industry

Asset Management

The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is a market capitalization weighted index designed to represent the performance of some of the largest companies across components of the 20 EURO STOXX Supersector Indexes. The EURO STOXX Supersector Indexes are subsets of the EURO STOXX Index.

Open

48.37

Mkt cap

2.9B

Volume

1.5M

High

48.38

P/E Ratio

15.08

52-wk high

54.16

Low

48.05

Div yield

0.03

52-wk low

45.04

The stock market is expected to start cautiously on Wednesday, with earnings likely to be the main driver. Stocks such as Nvidia Corp. (NYSE:NVDA), Microsoft Corp. (NASDAQ:MSFT), Morgan Stanley (NYSE:MS), and Bank of America Corp. (NYSE:BAC) have been gaining momentum. The Dow Industrials is on a seven-session winning streak, and the Nasdaq Composite and the S&P 500 indices have risen to over 15-month highs. Analysts suggest that earnings need to perform well to sustain the rally. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.08% and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.24%. Companies such as Baker Hughes Co. (NASDAQ:BKR), Carvana Co. (NASDAQ:CVNA), Goldman Sachs Group, Inc. (NYSE:GS), Halliburton Co. (NYSE:HAL), Nasdaq, Inc. (NASDAQ:NDAQ), Northern Trust Corp. (NASDAQ:NTRS), U.S. Bancorp. (NYSE:USB), Netflix, Inc. (NASDAQ:NFLX), and Tesla, Inc. (NASDAQ:TSLA) are set to report their earnings.

Portfolio Pulse from Shanthi Rexaline

July 19, 2023 | 10:23 am

The market mood has turned cautious again after major averages rebounded on Monday. Tech and small-cap stocks fueled a rally, while utility and real estate stocks came under selling pressure. JPMorgan analysts have expressed caution about the tech sector, citing potential risks to technology profits if the anticipated slowdown in economic activity materializes. In premarket trading on Tuesday, the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ ETF (QQQ) both fell slightly. Medical devices manufacturer Masimo Corp. (MASI) plunged over 27% in premarket trading following its negative preannouncement.

Portfolio Pulse from Shanthi Rexaline

July 18, 2023 | 10:56 am

US stocks are expected to start the new week cautiously following strong gains in the past week. The earnings news flow will pick up pace from Tuesday, with several financial and tech companies due to report. The S&P 500 and the Nasdaq Composite Index closed off a 15-month high, and the Dow Industrials ended at its highest level since Nov. 30, 2022. Analyst Ryan Detrick of Carson Group sees scope for further upside. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.18% and the Invesco QQQ ETF (NASDAQ:QQQ) edged down 0.05%. Tesla, Inc. (NASDAQ:TSLA) rose over 1.50% in premarket trading, while Activision Blizzard, Inc. (NASDAQ:ATVI) rallied over 4% after the FTC lost its appeal to block the videogame software manufacturer's deal with Microsoft Corp. (NASDAQ:MSFT).

Portfolio Pulse from Shanthi Rexaline

July 17, 2023 | 11:12 am

US stock futures are mixed as traders assess the impact of big bank earnings. Positive reports from JPMorgan Chase & Co and Blackrock, Inc. could fuel hopes for a strong reporting season. The June producer price inflation number and downward revisions to the previous two months' data served as confirmatory data for the slowdown in inflation. The major averages opened higher and stayed in the green throughout the session before closing notably higher. The Nasdaq Composite and the S&P 500 Index closed at fresh 15-month highs, while the Russell 2000 Index settled at its highest since early February.

Portfolio Pulse from Shanthi Rexaline

July 14, 2023 | 11:18 am

US stocks are set to open higher due to relief from inflation and optimism about earnings. The June inflation report showed consumer prices growing at the slowest month-over-month rate since March 2021. Analysts have differing views on the market rally. SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ ETF (NASDAQ:QQQ) rose in premarket trading. Viasat, Inc. (NASDAQ:VSAT) shares fell over 22% due to an anomaly during the deployment of its ViaSat-3 Americas satellite. Walt Disney, Inc. (NYSE:DIS) and Meta Platforms, Inc. (NASDAQ:META) saw a rise in their shares.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 10:53 am

US stock futures are set to open in green on Tuesday as traders anticipate benign June inflation data. The Nasdaq Composite, Dow Industrials, S&P 500 Index, and Russell 2000 all saw gains on Monday. Wharton professor Jeremy Siegel predicts a slowdown in the second half of the year but not a dramatic downturn. In premarket trading, SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw slight gains. Stocks of Apple (AAPL), Nvidia (NVDA), Advanced Micro Devices (AMD), Microsoft (MSFT), and Amazon (AMZN) are in focus due to various reasons.

Portfolio Pulse from Shanthi Rexaline

July 11, 2023 | 10:56 am

Stocks are expected to start negatively due to inflation worries and the upcoming second-quarter reporting season. Big bank earnings and other notable names such as PepsiCo are due this week. Bond yields are rising due to the uncertain economic environment. The Chinese economy is showing signs of recovery. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF fell in premarket trading. Tesla's stock rose after Jefferies raised the price target. Tech stocks, led by Apple and Amazon, were mostly lower.

Portfolio Pulse from Shanthi Rexaline

July 10, 2023 | 11:05 am

Stock futures dipped slightly on Friday as traders awaited the June non-farm payrolls report. Thursday's trading saw stocks close lower due to data suggesting a tight labor market and speculation of a rate hike at the upcoming Federal Reserve meeting. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both fell in premarket trading. Levi Strauss & Co. (NYSE:LEVI), Biogen, Inc. (NYSE:BIIB), and Costco Wholesale Corp. (NASDAQ:COST) are in focus due to recent developments.

Portfolio Pulse from Shanthi Rexaline

July 07, 2023 | 10:52 am

Stock futures indicate a potential slump in Thursday's session due to surging bond yields and investor concerns about potential rate hikes. The major indexes closed in the red on Wednesday, led by declines in the IT, energy, industrial, and financial sectors. In premarket trading on Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both fell. Meta Platforms, Inc. (NASDAQ:META) rose in premarket trading after a price target increase, while Levi Strauss & Co. (NYSE:LEVI) is set to report its quarterly earnings.

Portfolio Pulse from Shanthi Rexaline

July 06, 2023 | 11:06 am

US stocks are expected to open lower following the Independence Day holiday, with traders cautious due to major averages trading at multi-month highs. Despite a weak manufacturing reading, US stocks closed slightly higher on Monday. Noteworthy sector performances included advancements in consumer discretionary stocks, along with buying interest in utility, financial, real estate, and consumer staple stocks. However, healthcare and IT stocks experienced declines. Fundstrat's Tom Lee expects the S&P 500 Index to end the year at 4,825, up from his earlier estimate of 4,750. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) slipped 0.40% and the Invesco QQQ ETF (NASDAQ:QQQ) fell 0.58%. Tesla, Inc. (NASDAQ:TSLA) fell about 0.80% in premarket trading, and big tech stocks such as Nvidia Corp. (NASDAQ:NVDA), Advanced Micro Devices, Inc. (NYSE:AMD), and Amazon.com Inc. (NASDAQ:AMZN) also moved to the downside.

Portfolio Pulse from Shanthi Rexaline

July 05, 2023 | 10:50 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.