The S&P 500 SPDR (SPY) is the oldest and best-known exchange-traded fund. Here’s a quick primer on the history of SPY, by the numbers:
Vital StatsBelow are some stats that put SPY into perspective:
Oldest U.S.-listed ETF (launched 1993)Largest U.S. listed ETF ($141.6 billion in AUM)Most Heavily Traded U.S. listed ETF (ADV of 5.2 million shares)Year by YearBetween its first full....more>>>
Focus Financial Partners said Thursday that former Merrill Lynch Global Wealth Management President Dan Sontag had joined the board of directors. In addition, Derek Bruton, who recently led the Independent Advisor Services unit of LPL Financial (LPLA), is set to become CEO of Lucia Capital Group.
“Dan’s track record, vision and leadership in the wealth-management industry speaks....more>>>
WASHINGTON (AP) — Average U.S. rates for fixed mortgages slipped this week as new data showed a decline in home prices in November and a drop in new homes sales last month.
Mortgage buyer Freddie Mac says the average for the 30-year loan fell to 4.32% from 4.39% last week. The average for the 15-year loan eased to 3.40% from 3.44%.
Mortgage rates have risen about a full percentage....more>>>
Young military service members face enough hazards but one clear financial risk actually involves paying bills late and losing precious cash to hefty fees.
One of the more troubling parts of a recent military-related survey noted that nearly half of credit card holders in the military engage in costly practices with their plastic. Some months they could end up just paying the minimum requirement....more>>>
With shares of Pfizer (NYSE:PFE) trading around $29, is PFE an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:
T = Trends for a Stock’s Movement
Pfizer is a biopharmaceutical company that discovers, develops, manufactures, and sells medicines for people and animals worldwide. The company manages....more>>>
Right now, lots of investors are betting against Hawaiian Holdings (NASDAQ: HA ) , the parent of Hawaiian Airlines. That might seem like bad news for bulls (like me), but the story’s not quite that simple.
Hawaiian Airlines’ business fundamentals are actually improving, with unit revenue expected to start growing again in the just-ended third quarter. Furthermore,....more>>>
The FHA’s capital reserve fund is projected to end the year with a positive balance of $7.8 billion.
NEW YORK (CNNMoney) The Federal Housing Administration, the largest insurer of low down payment mortgages, says it will not need taxpayers to bail it out again this year.
On Tuesday, the U.S. Department of Housing and Urban Development projected that the FHA’s capital....more>>>
Tech companies have conquered our desks, our pockets, and even our laps, but they’ve had little success in the living room so far. Apple (NASDAQ: AAPL ) has made some progress with Apple TV, but Google (NASDAQ: GOOG ) TV was basically a flop, and Microsoft (NASDAQ: MSFT ) and Sony (NYSE: SNE ) have yet to turn gaming systems into multifunctional....more>>>
One of the major things that has been driving optimism among analysts is Cisco’s commitment to the “Internet of everything,” an encompassing business concept that would provide it with massive opportunities in the networking solutions segment. Unarguably, Cisco has robust fundamentals that could generate sustainable growth in the long run, but is the company good enough to give....more>>>
PLX Technology (Nasdaq: PLXT ) reported earnings on April 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), PLX Technology met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share increased. GAAP earnings per share increased.
NEW YORK (TheStreet) — For investors, the worst news can be news you don’t hear.
Oracle (ORCL) made that kind of news Wednesday, missing analyst revenue estimates for the fifth time in 10 quarters.
It’s getting to be a habit. It’s getting to be such a habit it’s not news anymore. When it’s not news anymore investors may not hear that it’s....more>>>
DELAFIELD, Wis. (Stockpickr) — At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
>>5 Hated Earnings Stocks You Should Love
Stocks that are making large moves like these are favorites among short-term traders because they can jump into these names and try to capture some of that massive volatility.....more>>>
After opening up 0.41%, Bank of America (NYSE: BAC ) is already trading down 0.38% an hour and a half after the opening bell. Excepting Wells Fargo, each of its Big Four peers is suffering the same fate, as are all three major indices — so far at least decisively spiking the market’s two-day rally.
Chalk up nearly everyone’s bad day to nervousness over Fed chairman....more>>>
After a difficult multiyear period, original DVR innovator TiVo (NASDAQ: TIVO ) once again has profitability within its grasp. The company recently posted Street-beating earnings for the first quarter, and forecast the coming year to investors’ and analysts’ delight. Still, TiVo operates in a hyper-competitive, technology-driven business. This makes it a difficult investment....more>>>
TOKYO–Japanese core machinery orders rose 0.6% in October from the previous month, the government said Wednesday, as some demand ahead of a planned sales tax hike leveled off.
The rise was squarely in line with the 0.6% rise expected by economists surveyed by The Wall Street Journal and the Nikkei. It also came after a 2.1% decline....more>>>