XLY Mar 2025 230.000 call
| Previous close | 1.7000 |
| Open | 1.7700 |
| Bid | 1.4300 |
| Ask | 1.6100 |
| Strike | 230.00 |
| Expiry date | 2025-03-21 |
| Day's range | 1.6600 - 1.7700 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.17k |
- Yahoo Finance Video
Expect growth in these undervalued sectors: Portfolio manager
As the third quarter earnings season kicks off, Keith Buchanan, GLOBALT Investments senior portfolio manager, joins Wealth! to break down what investors can expect. "The expectations for earnings have started to accelerate from mid-single digits to next year to mid-double digits. And coming into this fourth quarter is a real transition quarter from that lower healthy growth to robust growth. And a lot of that comes from not only being, of course, healthy growth from artificial intelligence... but also a widening of earnings growth and revenue growth that you can see beyond the traditional growth sectors like technology (XLK), consumer services (XLP). That's actually moving out some to industrials (XLI), energy (XLE). And that's more breadth to the earnings growth, which gives it a lot more stability over the near and longer term," Buchanan tells Yahoo Finance. As Wall Street heads into the year-end, Buchanan is focused on AI plays and value stocks. He highlights areas like financials (XLF), industrials (XLI), and consumer discretionary (XLY) that are poised for growth heading into 2025, explaining, "Those valuations are miles away from where they traditionally trade on a relative to the broader S&P 500 (^GSPC)." Volatility is expected in the months ahead amid rising Middle East tensions and the 2024 presidential election. Buchanan encourages investors to take into consideration geopolitical tensions when assessing their portfolios. However, he advises against making any moves tied to the election. "We want to take all of the incoming information that we have that could affect the consensus of where we're going economically, monetarily over the next two years. And take that into consideration when we're thinking about the long-term approach to our clients assets," he concludes. 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
Rate cuts will fuel an 'upswing' for these sectors: Strategist
The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) have pulled back from their all-time highs, with the Dow snapping its four-day winning streak. Citi US equity strategist Drew Pettit joins Market Domination Overtime to discuss the latest movement and what investors can expect in the second half of the year. Pettit believes the Federal Reserve's interest rate cut is behind the most recent market action. He explains, "I think the Fed, and honestly heading into the Fed decision, interest rates across the curve coming down gave people more confidence to look through some potential softness in the labor market, maybe a little bit of softness in earnings macro data, even the housing data today, out the other side to say, 'Hey, the Fed isn't going to be as far behind the curve. That's OK. I can start positioning for the recovery.' And we've seen not just the secular stories work, but we've seen some of the cyclical stories start to work, at least since the mid-July interim peak." As the third quarter earnings season looms ahead, he believes the market has not reached its peak. He notes that growth stocks can "probably survive any type of weakness," while cyclicals will finally get a boost from falling interest rates. Pettit adds, "We actually think we're on an upswing for some of the parts of the market that really haven't gotten much love over the past couple of years." While tech stocks have gotten a lot of love over the last year, he expects some pressure ahead: "The growth side of the market has had really strong growth. So it becomes the problem of, let's call it, the law of large numbers. You're growing really fast. It's hard to keep that up forever. But when growth stocks see their sales decelerate, there's been points in the past where that has actually pressured their earnings." However, he believes many Tech players will be able to handle topline deceleration. Thus, Pettit encourages investors to be cautious with tech moving forward. He encourages them instead to get into overlooked areas of the market like cyclicals, consumer goods (XLP, XLY), and financials (XLF). 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
- 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
