State Street (STT) Offering Possible 12.11% Return Over the Next 27 Calendar Days

State Street's most recent trend suggests a bullish bias. One trading opportunity on State Street is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 12.11% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock dropped below the $52.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for State Street 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 State Street is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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 State Street

State Street Corporation Declares Quarterly Dividend on its Common Stock
Thu, 19 Sep 2019 20:15:00 +0000
State Street Corporation today announced a quarterly cash dividend of $0.52 per share of common stock, payable on October 15, 2019 to common shareholders of record at the close of business on October 1, 2019.

Wachtell Lipton: Stakes for Corporate Stewardship Have Never Been Higher
Thu, 19 Sep 2019 14:35:05 +0000
As many American companies grow to the size countries, their social responsibility has increased in tandem, but they are conflicted by an ongoing pressure to put shareholder returns first. “Reflecting their unprecedented scale, U.S. corporations have been blamed for accelerating environmental degradation and aggravating disparities in income and wealth,” Wachtell, Lipton, Rosen & Katz wrote […]

State Street Announces Enhancements to its Multi-Asset Class Platform through Strategic Partnership with Solovis
Thu, 19 Sep 2019 12:45:00 +0000
State Street Corporation today announced several enhancements to its data-led, fully integrated analytics solution designed specifically for asset owners. The multi-asset class platform solution will improve transparency, alleviate complexity and streamline performance tracking and regulatory reporting for clients.

‘Green-friendly’ ETFs hold shares in groups with coal operations
Thu, 19 Sep 2019 10:00:28 +0000
Two exchange traded funds explicitly marketed as excluding fossil fuels are holding thousands of shares in mining and energy companies with significant coal operations, raising questions about fund managers’ marketing practices and the responsibility of regulators to clear confusion around what investments should count as green. One of the funds — the SPDR MSCI EAFE Fossil Fuel Reserves Free ETF — contains more than 3,000 shares of RWE, a German energy company that runs seven coal-fired power plants, including one in Aberthaw, Wales. The other fund — the SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF — owns nearly 50,000 shares of Vale, a Brazilian mining company that produces 22m tonnes of coal ore, and 7,500 shares of Sasol, a South African miner which operates six coal mines.

State Street Global Advisors Announces Impact of Receiving Payment
Wed, 18 Sep 2019 21:13:00 +0000
The SPDR® Exchange Traded Fund listed in the table below, announced today that the Fund received a payment as an authorized claimant from a class action settlement related to UTI Worldwide Inc.

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