Previous close | 88.70 |
Open | 87.06 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's range | 86.12 - 87.25 |
52-week range | 86.12 - 119.92 |
Volume | |
Avg. volume | 56,754 |
Market cap | N/A |
Beta (5Y monthly) | 0.96 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
After Iran's weekend air attack against Israel, concerns about the potential impacts on the overall market have begun to rise. Mahoney Asset Management CEO Ken Mahoney joins Wealth! to discuss pricing geopolitical shocks into portfolios and market risks to watch. Mahoney offers suggestions as to how investors can hedge against exogenous foreign relations threats: "One can use, a military defense company like RTX, Raytheon (RTX), is one of the symbols viewers can take a look at. Oil (BZ=F, CL=F), whether you buy a basket or individual stocks, like Exxon (XOM) or Chevron (CVX). There's definitely ways to go around as a hedge, not as, again, we really think technology and the big tech is still the way to go, the outsized earnings that they have, but if you want to say, hey, I want to hedge my portfolio a little bit, inverse ETFs maybe some oil, maybe some defense contractors or maybe selling off 20-25% put in cash, so we get that wish down." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
All three of the major indexes (^DJI, ^IXIC, ^GSPC) jumped after a surprisingly strong March jobs report. The US added 303,000 jobs last month, far more than the 214,000 economists were expecting. The unemployment rate was 3.8%, down slightly from the 3.9% in February. The big question for investors is what the report means for the Federal Reserve. In a speech, Federal Reserve Governor Michelle Bowman warned inflation is still too high for the central bank to start cutting rates. Trending tickers on Yahoo Finance include ExxonMobil (XOM), Occidental Petroleum (OXY), Nvidia (NVDA). Top guests today include: 3:00 p.m. ET - Michael Gapen, BofA Securities Head of U.S. Economics 3:20 p.m. ET - Kelly Kowalski, MassMutual Portfolio Manager 3:40 p.m. ET - Chris Dendrinos, RBC Capital Markets Analyst 4:15 p.m. ET - Skylar Olsen, Zillow Chief Economist 4:50 p.m. ET - Tom Vice, Sierra Space CEO
Energy stocks are the biggest winners this month as oil prices push higher. It's a sign the market rally is broadening beyond just Big Tech.