SPDR Gold Trust's most recent trend suggests a bullish bias. One trading opportunity on SPDR Gold Trust is a Bull Put Spread using a strike $152.00 short put and a strike $147.00 long put offers a potential 69.49% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $152.00 by expiration. The full premium credit of $2.05 would be kept by the premium seller. The risk of $2.95 would be incurred if the stock dropped below the $147.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for SPDR Gold Trust is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for SPDR Gold Trust is bullish.
The RSI indicator is at 64.4 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for SPDR Gold Trust
ETFs Eke Out Inflow In March Despite Market Collapse
Wed, 01 Apr 2020 04:00:00 +0000
Despite the worst stock market performance since the financial crisis, investors added to their ETF holdings in March.
ETF Asset Flow Roundup of Last Week
Mon, 30 Mar 2020 18:30:06 +0000
These are the ETF areas that hauled in/lost considerable assets last week.
Afternoon Market Stats in 5 Minutes
Mon, 30 Mar 2020 18:05:15 +0000
Movers Indices • S&P 500 ETF (NYSE:SPY) rose 2.18% to $259.53.• Nasdaq ETF (NASDAQ:QQQ) rose 3.02% to $190.90.• Dow Jones Industrial Average ETF (NYSE:DIA) increased 2.14% to $221.24.• FTSE/Xinhua China 25 ETF (NYSE:FXI) rose 2.74% to $37.07.• FTSE Europe ETF (NYSE:VGK) increased 0.86% to $42.98.Commodities • United States Oil ETF (NYSE:USO) fell 4.36% to $4.28.• Gold ETF (NYSE:GLD) increased 0.09% to $152.42.Bonds • 20+ Yr Treasury Bond ETF (NASDAQ:TLT) increased 0.85% to $169.13.Industries • Retail ETF (NYSE:XRT) decreased 0.03% to $30.03.• Energy (NYSE:XLE) increased 0.62% to $28.50.• Technology (NYSE:XLK) rose 3.61% to $81.49.• Financial (NYSE:XLF) rose 0.86% to $21.18.Stocks Higher • Johnson & Johnson (NYSE:JNJ) increased 6.98% to $131.88.• BioNTech (NASDAQ:BNTX) increased 13.42% to $62.38.• Owens & Minor (NYSE:OMI) rose 32.73% to $7.30.Stocks Lower • ING Groep (NYSE:ING) decreased 9.27% to $5.48.• Groupon (NASDAQ:GRPN) decreased 21.88% to $1.Top News • Benzinga Pro's Stock To Watch For Mon., Mar. 30, 2020: Johnson & Johnson (JNJ) https://www.benzinga.com/pre-market-outlook/20/03/15693692/benzinga-pros-stock-to-watch-for-mon-mar-30-2020-johnson-johnson-jnj• Carly Fiorina Blasts Corporate Bailout Funding In $2T Coronavirus Relief Bill https://www.benzinga.com/general/politics/20/03/15690587/carly-fiorina-blasts-corporate-bailouts-funding-in-2t-coronavirus-relief-bill• Mercedes F1 Develops Breathing Aid That Eliminates Need For Ventilators https://www.benzinga.com/news/20/03/15691133/mercedes-f1-develops-breathing-aid-that-eliminates-need-for-ventilators• 31 Stocks Moving in Monday's Pre-Market Session https://www.benzinga.com/news/20/03/15692662/31-stocks-moving-in-mondays-pre-market-session• Mark Zuckerberg And Priscilla Chan Donate $25M To Gates Foundation Coronavirus Accelerator https://www.benzinga.com/news/20/03/15690761/mark-zuckerberg-and-priscilla-chan-donate-25m-to-gates-foundation-coronavirus-acceleratorUpcoming Earnings • CUI Global (NASDAQ:CUI) will release earnings today for Q4. Last year, for the same quarter, they reported an EPS of -$0.1 and revenue of $26,952,000. Analysts predict the revenue to be around $5,950,000 and the EPS to be at -$0.11.Earnings Recap • Cal-Maine Foods (NASDAQ:CALM) reported earnings today for Q3, higher than consensus estimates. They reported an earnings per share of $0.28, and sales of 345,588,000. Last year, for the same quarter, they reported an EPS of $0.82 and revenue of $383,992,000.See more from Benzinga * Cal-Maine Foods: Q3 Earnings Insights * 5 Communication Services Stocks Moving In Monday's Pre-Market Session * 18 Healthcare Stocks Moving In Monday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
PreMarket Prep Stock Of The Day: SPDR Gold Trust
Thu, 26 Mar 2020 18:17:55 +0000
Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session.On any given day, the show will cover at least 20 stocks determined by co-hosts Joel Elconin and Dennis Dick along with producer Spencer Israel.For those who don't have the time to tune in live or listen to the podcast, Benzinga will highlight one stock that merits further discussion. This analysis is not a buy or sell recommendation.Not only have stocks been volatile as of late, but so have the futures markets. One of the most popular futures markets is gold. For those not wanting to venture into the futures markets, a similar ETF that mimics the moves in gold is the SPDR Gold Trust (ARCX: GLD).A Gold ETF As described by ETF.com, the GLD is the largest ETF to invest directly in physical gold. Its structure as a grantor trust protects investors: trustees cannot lend the gold bars. Yet taxes on long-term gains can be steep, as GLD is deemed a collectible by the IRS.It is extremely liquid, trading at miniscule spreads.Different Trading Hours Than Futures One disadvantage to trading the ETF instead of the futures market: limited trading hours. While the futures market trades nearly on a 24-hour basis, GLD does not. After-hours trading takes place from 4-8 p.m. EST and premarket trading is from 4-9:30 a.m. EST.Movement in the spot gold and futures market will not be reflected in the share price during those time periods. During those times, there are often huge price fluctuations that can work for or against your position.Gold, Gold Stocks Not Always A Safe Haven The primary reason investors put some of their portfolio in gold is that it is perceived as a safe haven or a hedge against declines in the stock market.On many occasions, this turns out to be true. In the recent market downturn, almost everything was crushed — including the metals markets.The reason is that the meltdown in the global equities markets triggered forced liquidation in all markets, including the commodities and a surge in the U.S. dollar.Technical Take On The Gold Futures At the onset of the massive decline in the equites, gold futures acted a safe haven, As the market began to crater in later February, the April gold futures made a seven-year high on March 9 ($1,704.30) and ended that session at $1,675.70 before the bottom fell out.Over the next five days, it made a new low for the year by $75, falling to $1,450.90 on March 17 and rebounding to the end the session at $1,486.50.As quickly as it fell, gold bounced back over the next six sessions, peaking on Wednesday at $1,699.30 before backing off to end the day at $1,633.50.At this time, you have to respect the major resistance at the psychological $1,700 area.For those investors looking for another leg higher, that is the major hurdle gold has to clear. If not, a breach the matching lows from Wednesday ($1,615.20) and as of Noon EST Thursday ($1,611) could indicate a another retreat.Gold was trading at $1,637 per ounce at the time of publication Thursday, according to goldprice.org. The SPDR Gold Trust was 1.84% higher at $154.08. See more from Benzinga * PreMarket Prep Stock Of The Day: Nike * PreMarket Prep Stock Of The Day: General Electric * PreMarket Prep Stock Of The Day: Boeing(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
7 ETFs To Buy In A Recession
Tue, 24 Mar 2020 21:40:19 +0000
When the economy transitions from expansion to contraction and the market transitions from a bull to a bear, investors can't expect all the same stocks and funds to outperform and the same investing strategies to continue to work.Economic fears due to the spread of the COVID-19 coronavirus has led the market to plummet in the past month, with the Dow Jones Industrial Average falling from the 30,000 level to under 19,000 earlier this week.Investors priorities flip from maximizing gains to minimizing risk, and buying volume rotates into brand new pockets of the market. The past few weeks of trading in the market may seem like total chaos, but a closer look reveals certain groups of stocks and funds are outperforming others.Here are eight ETFs to consider that could outperform during a U.S. recession.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.1\. Health Care SPDR (NYSE: XLV) The health care sector is one of the main sectors of the economy that has historically been a defensive place for investors to put their money during economic downturns.While other businesses are shutting down amid the COVID-19 outbreak, demand for health care services is booming. In the longer term, the fact that former Vice President Joe Biden has surpassed Senator Bernie Sanders as the likely Democratic presidential candidate further eliminates risks associated with a radical overhaul of the U.S. health care and pharmaceutical industries.In the past month, the XLV ETF is down just 21.6% compared to a 29.5% drop by the overall S&P 500.2\. Utilities SPDR (NYSE: XLU) Another potential place for investors to find safety during a recession is Utility stocks. In addition to its relative stability and downside valuation protection, the XLU ETF pays a generous 4.6% dividend yield.Utilities have historically outperformed during economic downturns because Americans must keep the lights on and water flowing no matter how bad it gets. Many utilities have limited competition and operate under strict government regulations, which further serve to create a stable earnings and revenue environment.Utilities may not be a sexy investment, but they can be an excellent source of reliable dividend income while interest rates are at 0%.3\. Consumer Staples Select Sect. SPDR (NYSE: XLP) Another market sector that performs relatively well when the economy tanks is the consumer staples sector.When Americans cut their spending in times of uncertainty, those cuts don't typically include toothpaste, toilet paper and laundry detergent. Consumer staples stocks are relatively recession-resistant, making them safe places to invest during market downturns. Over the past month, the XLP ETF is down just 19.4%, making it the best-performing SPDR sector ETF of all.As an added bonus, the XLP ETF pays a 3.1% dividend, so investors can get paid while they wait for the economy to recover.4\. SPDR S&P Dividend (NYSE: SDY) Not only do dividend stocks and ETFs provide yield for investors when interest rates are nearly 0%, many dividend stocks actually outperform the broad market during economic downturns. The SDY ETF pays a 3.3% yield, which is leaps and bounds better than the interest rates you'll find these days in U.S. Treasuries, high-yield savings accounts or certificates of deposit.The risk in buying high-yield dividend stocks is that the economic hardship will trigger a dividend cut. But dividend ETFs such as the SDY, which holds 120 different stocks, provide the type of diversification that protects against individual dividend cuts.5\. VANGUARD IX FUN/RL EST IX FD ETF (NYSE: VNQ) Real estate is another popular flight-to-safety investment, and real estate investment trusts often pay extremely high yields.The VNQ ETF holds 181 different investments that cover roughly two-thirds of the entire U.S. REIT market. Real estate has historically had relatively low correlation to traditional stocks and bonds, making the VNQ fund an excellent source of portfolio diversification. Investors also don't have to worry about REIT dividend cuts as they are obligated by law to distribute 90% of income to investors.The VNQ ETF currently pays a 5.5% yield and has an expense ratio of just 0.12%.See Also: Ray Dalio: What's Happening In The Markets Has Not Happened In Our Lifetime6\. SPDR Gold Trust (NYSE: GLD) The classic safe-haven investment during times of economic turmoil is gold. There are plenty of reasons investors buy gold during recessions. They argue that there is a limited quantity of physical gold in the world, although gold miners add roughly 3,300 tons of gold to the global supply annually. Gold buyers also see the precious metal as a hedge against inflation that could be triggered by central bank stimulus over time.Whatever the reason, the GLD ETF is down just 2.4% year-to-date, insulating investors from the majority of the broad market sell-off.7\. ISHARES TR/EDGE MSCI INTL VALU (NYSE: IVLU) Another way for investors to protect themselves during a recession is to rotate from growth stocks to value stocks.Value stocks typically have high profit levels relative to their share prices and tend to generate strong cash flows, have stable revenues and carry relatively low debt levels. Self-funding, blue-chip companies can be insulated from the type of uncertainty that is created if credit markets start to tighten. Many of these stocks also pay dividends.The IVLU is one good way for U.S. investors to get exposure to international value stocks and a 2.5% yield.See more from Benzinga * Bitcoin Is Still Failing As A Flight To Safety Investment * 7 Ways To Invest In Gold Amid Coronavirus Fears(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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