XLRE Jun 2025 37.000 call
| Previous close | 7.30 |
| Open | 7.02 |
| Bid | 5.60 |
| Ask | 9.70 |
| Strike | 37.00 |
| Expiry date | 2025-06-20 |
| Day's range | 7.02 - 7.02 |
| Contract range | N/A |
| Volume | |
| Open interest | 78 |
- Yahoo Finance Video
Looking to buy a home? Here's how you can assess climate risks.
As Hurricane Milton barrels toward Florida, First Street and Zillow (Z) are teaming up to create a first-of-its-kind rating system to assess climate risks on for-sale properties. The monitored risks include heat, wind, and most importantly, flooding. First Street head of climate implications Jeremy Porter joins Asking for a Trend to discuss how this tool can help homeowners as severe weather events become more frequent. While hurricanes are becoming more frequent, Porter says the trend is negative, telling Yahoo Finance, "We're seeing potentially more storms, and if not more storms, stronger storms when they do occur." "Our mission has always been to quantify and communicate climate risk, and when we first started about eight years ago, there were really very few resources that people had for understanding what their climate risk looked like and the resources that did exist for things like FEMA zones. And FEMA zones are just not that user-friendly, they don't capture all of the sources of flood risk. So what we ended up doing was creating our own hazard models at the property level so people could understand not only what the risk is today, but what the risk is into the future, what the risk is to their specific property, and how that might impact their pocketbooks," he says of the Zillow partnership. He explains that this information is crucial for homebuyers to make "smart decisions" about their future. Porter notes that weather is becoming a key issue for Americans, explaining that many in Miami are avoiding low-ground residences. However, a significant move to areas away from major hurricane threats has yet to be seen. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Melanie Riehl
- Yahoo Finance Video
Why there's 'upside' in the S&P 500 as the Fed lowers rates
The Federal Reserve kicked off its highly anticipated interest rate easing cycle last week with a 50-basis-point cut. Summit Place Financial Advisors founder and president Liz Miller joins Wealth! to break down how investors can best position their portfolios in a lower-rate environment. "So far this year, we saw the early part of the year really led by, we know, the mega-cap techs and they've held up fine. But what we're going to see now, and we've even started to see in the last week or two, is that some of these other sectors that are more interest-rate sensitive are going to start doing better, like housing and rentals (XLRE) and financials (XLF) and consumer goods (XLP, XLY) that really were struggling in the market the first part of this year," Miller tells Yahoo Finance. With the S&P 500 (^GSPC) at all-time highs, Miller notes that it is largely skewed by mega-cap tech stocks. "When we look at other sectors, they aren't making all-time highs. And our last high in the market was really December 2021," she adds. Thus, she believes that there is a lot of upside in the index as the Federal Reserve continues to cut lower interest rates. As China looks to recover its weak economy through a series of stimulus measures, Miller expects the nation's growth to impact US investments: "What's really needed is to get consumers in China to regain their confidence and start spending again. We look at luxury goods as sort of one of the easy views on what's China spending. We own a lot of multinationals, from Apple (AAPL) to Nike (NKE), that all do better when China is doing better. So we see this in small ways in a lot of US investments too." Miller views Nike as one of her top retail picks following the leadership shake-up. She calls the company "one of the most valuable brands in the world," and with the stock's decline over the last few years, investors can get it at a discount. She expects to see a "turnaround story" in Nike's fundamentals, and hopes to see new leadership return the company to its competitive position. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
- Yahoo Finance Video
Home prices need to fall 15% to ease market: Meredith Whitney
As mortgage rates continue to fall, Meredith Whitney Advisory Group CEO Meredith Whitney joins Market Domination Overtime to break down the overall state of the housing market (XLRE). "I don't think rates are low enough to really get the market moving. I think rates need to come down by another 100 basis points to really spark interest. And then there's a two-step process which prices have to come down, by our estimates, at least 15%, to make housing, even the carrying cost of a mortgage tolerable," Whitney tells Yahoo Finance. She notes that the carrying cost of a mortgage has doubled to 40% over the last four years, which is why many buyers have continued to sit on the sidelines. While easing rates will make it more affordable for buyers to enter the market, she believes the larger issue remains in housing prices, which can only be solved by adding more inventory. Once that part of the equation is addressed, the market will finally see some relief. Whitney also highlights the "silver tsunami" effect, where the aging population begins to downsize their homes. She explains that more than 60% of homes are owned by people over the age of 50. "So there's a big issue, in terms of all the housing stock is owned by old people, and so it's harder for young people to get in. But, it's gotten increasingly expensive for these older people to stay in their homes because property taxes have gone up dramatically, as has homeowners insurance," she says, pointing to the "real strain" in the system. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
