State Street (STT) Offering Possible 8.93% Return Over the Next 16 Calendar Days

State Street's most recent trend suggests a bearish bias. One trading opportunity on State Street is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 8.93% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock rose above the $95.00 long call 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 down which suggests that the medium-term momentum for State Street is bearish.

The RSI indicator is at 30.72 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 State Street

[$$] The $5 Trillion Question: How Did the Firm That Pioneered ETFs Lose Its Lead?
Fri, 27 Jul 2018 23:51:56 +0000
For State Street Corp., the company that pioneered the $5 trillion exchange-traded fund industry, it’s been a long way down. It was the worst showing among the three largest issuers and sent State Street Global Advisors’ share of the U.S. ETF industry to an all-time low. State Street launched the first ETF 25 years ago and dominated the market for a decade.

Edited Transcript of STT earnings conference call or presentation 20-Jul-18 12:00pm GMT
Fri, 27 Jul 2018 15:28:55 +0000
Q2 2018 State Street Corp Earnings Call

State Street Corporation Prices Common Stock Offering
Fri, 27 Jul 2018 00:37:00 +0000
State Street Corporation (“State Street”) (STT) today announced the pricing of an underwritten public offering of 13,244,271 shares of its common stock at a public offering price of $86.93 per share. The offering is being conducted as a public offering registered under the Securities Act of 1933, as amended. The offering is expected to close on July 31, 2018, subject to customary closing conditions.

State Street Corporation Announces Public Offering of Common Stock
Thu, 26 Jul 2018 20:58:00 +0000
State Street Corporation (“State Street”) (STT) today announced that it intends to sell 13,244,271 shares of its common stock in an underwritten public offering. The offering will be conducted as a public offering registered under the Securities Act of 1933, as amended. All of the shares in the offering are to be sold by State Street.

State Street Global Advisors Announces Annual Rebalancing of the SSGA Gender Diversity Index
Thu, 26 Jul 2018 19:42:00 +0000
State Street Global Advisors, the asset management business of State Street Corporation (STT), today announced recent updates to the composition of its SSGA Gender Diversity Index (The Index), which is designed to measure the performance of U.S. large capitalization companies that demonstrate greater gender diversity within senior leadership than other firms in their sector. The top ten companies held in the market capitalization weighted Index are Johnson & Johnson, Wells Fargo & Company, Home Depot, Inc., ConocoPhillips, Caterpillar Inc., Starbucks Corporation, Biogen Inc., S&P Global, Inc., MetLife, Inc. and Electronic Arts Inc. The Index is rebalanced on an annual basis to ensure constituents continue to reflect the underlying Index objective: tracking the performance of US large-capitalization companies that are leaders within their sectors in advancing women through gender diversity on their boards of directors and in senior leadership positions.

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