SPDR® S&P MidCap 400 ETF

Latest SPDR® S&P MidCap 400 ETF News and Updates

  • Financials

    Important releases hone in on rates and consumer spending

    The hottest topic for market players right now is the interest rate hike. Last week’s labor releases spurred the recovery. Many investors had thought the recovery was flagging.

    By Phalguni Soni
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    Earnings Report

    Alcoa’s 2016 Guidance Adds Gloom to 3Q Earnings Disappointment

    During its 3Q16 earnings call, Alcoa lowered the business targets for all three segments under Arconic.

    By Mohit Oberoi, CFA
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    Earnings Report

    Valero’s Institutional Holdings before the 1Q17 Results

    The institutional holdings in Valero Energy (VLO) are higher than the institutional holdings in Marathon Petroleum (MPC), Phillips 66 (PSX), and Western Refining (WNR).

    By Maitali Ramkumar
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    Miscellaneous

    What Does Basic Energy Services’ Historical Valuation Suggest?

    On March 31, 2017, Basic Energy Services’ (BAS) stock price had fallen 6% from December 30, 2016.

    By Alex Chamberlin
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    Consumer

    Greenspan’s lament: Consumption is no substitute for investment

    Why it’s becoming increasingly difficult to expect sustainable prosperity from additional consumption in the U.S. economy.

    By Marc Wiersum, MBA
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    Earnings Report

    Arconic’s Tough Beginning: Controversies and Battles

    Arconic is scheduled to release its 1Q17 earnings on April 25. ARNC was listed as a separate entity on November 1, 2016, when Alcoa split into two entities.

    By Mohit Oberoi, CFA
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    Earnings Report

    Marathon Petroleum Stock: Performance ahead of the 1Q17 Earnings

    Marathon Petroleum stock has plunged 7% year-to-date. Due to its falling price in 1Q17, the stock has broken below its 50-day moving average.

    By Maitali Ramkumar
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    Miscellaneous

    Patterson-UTI Energy’s Dividend Yield on June 2

    Patterson-UTI Energy’s (PTEN) dividend yield fell to 0.29% on March 31, 2017. Since then, its dividend yield has risen to 0.38% as of June 2, 2017.

    By Alex Chamberlin
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    Earnings Report

    Markets Will Await These Updates from Alcoa’s 1Q17 Earnings Call

    In 1Q17, there were rumors that Rio Tinto (RIO) could acquire Alcoa.

    By Mohit Oberoi, CFA
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    Fund Managers

    What Were Jim Chanos’s Largest Holdings in 3Q17?

    In 3Q17, Jim Chanos has made a substantial investment in the finance sector (XLF) and various ETFs.

    By Sarah Sands
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    Earnings Report

    Alcoa’s 1Q17 Earnings: What Investors Need to Know

    Alcoa (AA) released its 1Q17 earnings on April 24 after the markets (MDY) (MID-INDEX) closed. It held the conference call the same day.

    By Mohit Oberoi, CFA
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    Earnings Report

    Why Analysts Suggest a ‘Hold’ for Domino’s Pizza

    As of April 28, 2016, Domino’s Pizza (DPZ) was trading at $120.5. The share price might have already priced in the estimates that we discussed earlier in this series.

    By Rajiv Nanjapla
  • Financials

    Why external factors affect ISM’s purchasing managers’ index

    The ISM will release the manufacturing PMI for August on September 2. The PMI is a composite measure of economic activity. It’s based on surveys of private-sector firms.

    By Phalguni Soni
  • Financials

    Why an undiversified portfolio could mean fewer profits

    Another common investor mistake is to have an under diversified portfolio. In a 1991 to 1996 study of the customers of a large US discount brokerage, more than 25% held only one stock and more than 50% held three or fewer stocks.

    By Russ Koesterich, CFA
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    Consumer

    Share price performance for Six Flags since bankruptcy recovery

    Six Flags’ share price on May 10, 2010, reflects $7.36 per share, the price of new common stock upon the company’s emergence from bankruptcy.

    By Shawn Bolton
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    Industrials

    Mike Wilson: Don’t Expect a Breakout in the S&P 500

    Yesterday, Mike Wilson said in an interview with CNBC, “Risk reward still not great.” Morgan Stanley’s chief strategist is expecting a recession.

    By Rabindra Samanta
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    Miscellaneous

    Analyzing Oil and the US Equity Market

    In the trailing week, SPY, MDY, and DIA’s returns were 0.8%, 0.7%, and 1.7%, respectively. During this period, US crude oil May futures fell 2.2%.

    By Rabindra Samanta
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    Company & Industry Overviews

    A Closer Look at Mednax’s Business Strategy

    Mednax (MD) has a proven track record of expertise in the administration of physician services and a methodical approach to clinical data warehousing in fields such as research, education, and quality.

    By Kenneth Smith
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    Energy & Utilities

    What Does Wall Street Predict for WPX Energy?

    In the last one month, WPX Energy stock’s median target price has risen from $16.00 to $16.50.

    By Nicholas Chapman
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    Energy & Utilities

    How Wall Street Analysts Have Changed Their Targets for Marathon Oil

    In the last one-month period, Marathon Oil stock’s median target price has increased from $17.00 to $17.25.

    By Nicholas Chapman
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    Company & Industry Overviews

    How Are Bioverativ’s Key Drugs Positioned after 2Q17?

    In 2Q17, Bioverativ’s Alprolix generated revenues of ~$89.7 million, which represents ~12% growth YoY (year-over-year) and ~4% growth sequentially.

    By Daniel Collins
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    Company & Industry Overviews

    How Did United Therapeutics’ Orenitram and Unituxin Perform in 2Q17?

    In 2Q17, United Therapeutics’ (UTHR) Unituxin generated revenues of around $16 million, a 10% decline on a year-over-year (or YoY) basis and an 11% decline on a quarter-over-quarter basis.

    By Daniel Collins
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    Company & Industry Overviews

    Bioverativ Expected to Report Healthy Profit Margins in 2017

    Bioverativ (BIVV) expects its 2017 GAAP and non-GAAP operating margins to fall 38.0%–42.0% and 43.0%–47.0%, respectively.

    By Margaret Patrick
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    Company & Industry Overviews

    Behind Abiomed’s Plans to Create a Greater Awareness of Impella

    To target patients across communities, Abiomed (ABMD) has been developing a hub-and-spoke model with hospitals.

    By Margaret Patrick
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    Company & Industry Overviews

    Behind Align Technology’s North American Expectations for 2017

    In 1Q17, Align Technology’s (ALGN) Invisalign sales volumes in North American markets rose YoY by 20.3% and QoQ by 8.3%.

    By Margaret Patrick
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    Miscellaneous

    A Look at Patterson-UTI Energy’s Higher 2017 Capex Plan

    Patterson-UTI Energy’s capex budget for 2017 is $450.0 million. That’s 275.0% higher than its 2016 capex.

    By Alex Chamberlin
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    Company & Industry Overviews

    What Valero Needs to Soar in 2Q17

    Valero’s crack indicators have fallen in all of these areas in May 2017 (as of May 23) as compared to April 2017.

    By Maitali Ramkumar
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    Company & Industry Overviews

    How Major Refiners’ Cash Flows Fared in 1Q17

    Refiners’ cash flows have turned volatile over the past few quarters due to volatile refining earnings.

    By Maitali Ramkumar
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    Company & Industry Overviews

    What Bio-Rad Laboratories Expects from Life Science

    In 1Q17, Bio-Rad Laboratories’ (BIO) Life Science segment reported revenues of ~$174.3 million, which represents a YoY rise of ~5.1%.

    By Margaret Patrick
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    Company & Industry Overviews

    Why MPC’s Valuation Commands a Premium over the Peer Average

    MPC’s valuations are above the peer averages likely because it’s now in the process of restructuring its organization to unlock value.

    By Maitali Ramkumar
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    Company & Industry Overviews

    WellCare Health Plans Expects Robust Revenue Performance in 2017

    In 1Q17, WellCare Health Plans (WCG) reported revenues of ~$3.9 billion, which totals year-over-year growth of around 11.7%.

    By Margaret Patrick
  • uploads///Analyst Ratings
    Miscellaneous

    How Analysts Rated Tesoro on Its 1Q17 Earnings Day

    Tesoro (TSO) has been rated by 18 analysts. Of those, 12 have assigned the stock a “buy” or “strong buy” rating.

    By Maitali Ramkumar
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    Miscellaneous

    Analysts’ Ratings for Phillips 66 after Its 1Q17 Earnings

    After its earnings, Phillips 66 was rated by 19 analysts. Four analysts gave it a “buy,” 15 gave it a “hold,” and no analysts gave it a “sell.”

    By Maitali Ramkumar
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    Earnings Report

    How Did Tesoro’s Stock Perform Pre-1Q17 Earnings?

    Since January 3, 2017, TSO stock has fallen 9.8%. Comparatively, crude oil prices have fallen 5.2%, and natural gas prices have fallen 5.6% year-to-date.

    By Maitali Ramkumar
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    Earnings Report

    Key Updates Markets Are Waiting for in U.S. Steel’s 1Q17 Call

    In this article, we’ll analyze the key updates the markets are waiting for in U.S. Steel’s 1Q17 earnings call.

    By Mohit Oberoi, CFA
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    Miscellaneous

    Are Valero’s Analyst Ratings Weaker or Stronger before the 1Q Results?

    Of the 21 analysts covering Valero Energy (VLO), 12 (57%) analysts have assigned “buy” or “strong buy” ratings, while nine (43%) have assigned “hold” ratings.

    By Maitali Ramkumar
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    Earnings Report

    Can AK Steel Regain Its Lost Mojo in 1Q17?

    Previously, we looked at AK Steel’s (AKS) 1Q17 earnings estimates. In this article, we’ll look at some key updates the markets could be anticipating in the company’s 1Q17 earnings call.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    Why Short Interest in Valero Soared in 2017

    Valero Energy (VLO) has witnessed a rise in its short interest since mid-February 2017.

    By Maitali Ramkumar
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    Miscellaneous

    Analysts Might Take a Fresh Look at U.S. Steel Corporation

    U.S. Steel Corporation will release its 1Q17 earnings on April 24 after the market closes. The company’s earnings conference call will be on April 25.

    By Mohit Oberoi, CFA
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    Miscellaneous

    What Should Alcoa Investors Make of Aluminum Premiums?

    Aluminum premiums are key indicators that investors in primary producers such as Century Aluminum (CENX), Norsk Hydro (NHYDY), and Rio Tinto (RIO) should track.

    By Mohit Oberoi, CFA
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    Miscellaneous

    Short Interest: OFS Stocks with the Lowest Returns in 1Q17

    Short interest in Nabors Industries (NBR), as a percentage of its float, rose to 11.5% as of March 31, 2017—compared to 6.5% as of December 30, 2016.

    By Alex Chamberlin
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    Company & Industry Overviews

    What the Divergence in Flat Rolled Steel Imports Tells Us

    In this article, we’ll look at February 2017’s flat rolled steel imports and study whether there’s a divergence in the imports of these products.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    How Does Tesoro’s PEG Compare to Its Peers’?

    In this article, we’ll compare Tesoro’s (TSO) PEG ratio (price-to-earnings to blended growth rate) to those of its peers. We’ve considered the mean estimate of PEG.

    By Maitali Ramkumar
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    Company & Industry Overviews

    How Raw Material Prices Could Impact U.S. Steel’s Performance

    ArcelorMittal’s mining operations generated an operating income of $203 million in 4Q16, almost double what they generated in 3Q16.

    By Mohit Oberoi, CFA
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    Miscellaneous

    What Analysts See in AK Steel under Trump’s Presidency

    AK Steel (AKS) closed at $7.95 on March 14—0.8% higher than the previous day’s closing. So far, 2017 has been a dismal year for AK Steel investors.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    Could Valero’s Refining Margins Soar in 1Q17?

    Valero’s Midcon crack indicator rose to $11.90 per barrel in 1Q17 from $10.90 per barrel in 4Q16.

    By Maitali Ramkumar
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    Earnings Report

    Analyzing Consol Energy’s 2016 Coal Production Guidance

    For 2016, Consol Energy’s (CNX) Pennsylvania mining operations, which is part of its coal division, expects coal production of 23.6 million–24.4 million tons.

    By Nicholas Chapman
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    Macroeconomic Analysis

    Gold Prices Recover amid Sell-Off

    Demand for Gold Withstood Recent Selloff Despite the drop in the gold price in October, demand for gold bullion-backed exchange traded products (ETPs) held firm. Inflows have no doubt slowed down compared to earlier in the year (0.4% increase in holdings in October compared to 12% and 6% increases in February and June respectively), but […]

    By VanEck
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    Earnings Report

    U.S. Steel: A Look at Its Annual Guidance

    U.S. Steel’s earnings guidance During its 3Q16 earnings call, U.S. Steel Corporation (X) cut its fiscal 2016 EBITDA (earnings before interest, tax, depreciation, and amortization) guidance to $475 million. The company also reduced its net income guidance and now expects to post a net loss of $355 million this year. We should note that this […]

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    How Far Can U.S. Steel Raise Its Base Selling Prices?

    U.S. Steel (X) announced a $30 increase in flat-rolled steel products. Some of the other producers including AK Steel (AKS) have also followed suit.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    Policymakers Are Getting Vocal about the Fed’s Credibility

    The issue of the Fed’s credibility is not a new one. The effectiveness of the prolonged monetary accommodation has sparked a lot of debate in the past.

    By David Ashworth
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    Macroeconomic Analysis

    Versum to Be Added to the S&P Mid-Cap 400

    Versum Materials (VSM), a spin-off company of Air Products and Chemicals, will be added to the S&P MidCap 400 after the close of trading on September 26.

    By Peter Neil
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    Company & Industry Overviews

    Generic Competition Not a Threat to UTHR’s Remodulin

    Though Remodulin is expected to face generic competition starting in 2018, UTHR is confident in maintaining the majority of its market share.

    By Margaret Patrick
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    Energy & Utilities

    How Far Could US Shale Oil Production Drop?

    The EIA (U.S. Energy Information Administration) expects crude oil production to slow down at the key US shales.

    By Alex Chamberlin
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    Macroeconomic Analysis

    Is the Hectic Macro Calendar Pointing to a Volatile Week Ahead?

    In terms of the macro calendar, the major data releases for the week starting August 15 from the US side will include the CPI and the building permits release.

    By David Meyer
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    Earnings Report

    How Marathon Oil’s Stock Has Reacted to Past Earnings Reports

    After losing ~84% of its market capitalization between September 2014 and February 2016, Marathon Oil’s stock price has begun to show signs of new uptrends.

    By Nicholas Chapman
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    Earnings Report

    Devon Energy: Production Guidance and Management in 2Q16

    For 2Q16, Devon Energy (DVN) expects total production in a range of 616 Mboe (thousand barrels of oil equivalent) to 653 Mboe per day.

    By Nicholas Chapman
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    Earnings Report

    Consol Energy’s Coal Production Guidance for 2Q16

    In response to the ongoing coal market uncertainty in early 2016, Consol Energy’s (CNX) coal division has reduced its 2016 expected sales forecast to 27 million–32 million tons.

    By Nicholas Chapman
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    Company & Industry Overviews

    What Superior Energy Services Plans for Capex in 2016

    In this article, we’ll analyze how Superior Energy Services’ (SPN) operating cash flows trended over the past few quarters.

    By Alex Chamberlin
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    Company & Industry Overviews

    Buffalo Wild Wings: Revenue Growth Tops Casual Dining Restaurants

    Revenue growth drives earnings and, in turn, raises investor confidence. In 1Q16, casual dining restaurant companies in our series posted a median revenue growth of 6.9%.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    How Is The Cheesecake Factory Expanding Its Business?

    By the end of 2015, CAKE was operating 188 The Cheesecake Factory restaurants, 12 Grand Lux Cafes, and one RockSugar Pan Asian Kitchen restaurant.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    What Are Encana’s Plans for the Montney Resource Play?

    By the end of 2018, Encana expects Montney to produce 1 Bcf per day of natural gas and 50,000 barrels of liquids.

    By Nicholas Chapman
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    Company & Industry Overviews

    The Cheesecake Factory Is Not Just about Desserts

    The Cheesecake Factory has positioned itself as an upscale casual dining concept that focuses on providing a distinctive, high-quality dining experience.

    By Rajiv Nanjapla
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    Earnings Report

    What Are Analysts’ Recommendations for Domino’s Pizza?

    According to a Bloomberg survey of 17 analysts, 29.4% recommended a “buy,” 64.7% recommended a “hold,” and 5.9% recommended a “sell.”

    By Rajiv Nanjapla
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    Earnings Report

    Domino’s Pizza: Will It Deliver Strong EPS in 1Q16?

    In 1Q16, analysts are expecting Domino’s Pizza to post an EPS of $0.98. The increased revenue and EBIT margin expansion are expected to drive the EPS growth.

    By Rajiv Nanjapla
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    Earnings Report

    Will Panera Bread’s PE Ratio Continue to Rise?

    Since the beginning of 2016, Panera Bread’s PE ratio has been trading at 29.4x–32.9x. As of April 17, 2016, it was trading at 30.9x.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    Noble Corporation’s Valuation Compared to Its Peers’

    Analysts expect a healthy 15% earnings growth for Noble in the next three to five years. This could boost NE’s valuation in the medium to long term.

    By Alex Chamberlin
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    Macroeconomic Analysis

    Major Movers of the Financial Markets in the Past 20 Years: Part 1

    The volatility of the financial markets began in 1997 when the currency markets in Thailand decided to no longer peg their currency to the US dollar. This spread rapidly to other Asian countries.

    By David Meyer
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    Earnings Report

    What Subsidy Eligible Membership Could Mean for Centene’s Public Exchange Revenues

    Centene managed to increase its public exchange membership from 75,000 members in 2015 to 146,000 members in 2015.

    By Margaret Patrick
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    Macroeconomic Analysis

    US Dollar Rose Due to Decent Inflation and Labor Data

    The US Dollar Index rose to a high of 94.6 when the labor and inflation data were released on October 15, 2015. The US Dollar Index closed at 94.4.

    By David Meyer
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    Company & Industry Overviews

    Nucor’s Comfortable Leverage Ratios Should Soothe Investors

    Companies with strong balance sheets could still outperform amid challenging market conditions. We’ll explore different steel companies’ leverage ratios.

    By Mohit Oberoi, CFA
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    Earnings Report

    Nucor’s Financial Performance to Improve in 3Q15?

    Nucor reported a 2Q15 EPS of $0.39, beating analysts’ estimates for its financial performance. Its share price then went up ~3%.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    Why July Import Data Offers a Ray of Hope to US Steel Companies

    US steel imports have now fallen on a yearly basis for four consecutive months.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    Key Takeaways from the Jackson Hole Symposium

    The annual Jackson Hole Symposium attracts a high-profile audience including finance ministers, central bankers, and academics from around the world.

    By David Meyer
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    Earnings Report

    U.S. Steel’s Flat Rolled Segment Posts a Loss in 2Q15

    U.S. Steel’s Flat-Rolled segment posted negative EBIT of $24 per ton in 2Q15. This represents a slight improvement over 1Q15 results.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    Weak Crude Steel Production in China Is Bad News for Iron Ore

    Since 98% of mined iron ore goes into making steel, it’s important to track steel production. This helps decipher trends for iron ore demand.

    By Anuradha Garg
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    Fund Managers

    Engaged Capital Raises Stake in Rovi Corporation

    Engaged Capital’s relationship with Rovi dates back to April 2013, when the fund first invested in the company.

    By Santiago Solari
  • Financials

    Why May’s consumer credit report is key in more than 1 way

    The Fed will release the consumer credit figures on Tuesday, July 8. This is a monthly release. Its headline number is total consumer debt.

    By Phalguni Soni
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