Business Wire - 02/10/2015The SPDR® Exchange Traded Funds listed in the table below, announced today that each fund received a payment as an authorized claimant from a class action settlement related to Merck & Co., Inc. The total payment to be received by each Fund is listed below. State Street manages more than $466.4 billion in SPDR ETF assets worldwide, and is one of the largest ETF providers in the US and globally.
MarketWatch - 12/23/2014The health-care sector was taking a broad beating in afternoon trade Tuesday, as concerns over drug pricing grew. The SPDR Health Care Select Sector ETF, or "XLV," was down 2.3%. Among the XLV's most heavily-weighted members, the shares of Johnson& Johnson dropped 2.5%, of Pfizer fell 2.4% and of Merck& Co.' s slid 2.9%.
BY Scott Martindale,
Stocks have needed a reason to take a breather and pull back in this long-standing ultra-bullish climate, with strong economic data and seasonality providing impressive tailwinds -- and plummeting oil prices certainly have given it to them. But this minor pullback was fully expected and indeed desirable for market health. The future remains bright for the U.S. economy and corporate profits despite the collapse in oil, and now the overbought technical condition has been relieved. While most sectors are gathering fundamental support and our sector rotation model remains bullish, the Energy sector looks fundamentally weak and continues to rank at the bottom of our forward-looking sector rankings. The charts suggest that this is the minor (but still significant) pullback that I projected, and I am hopeful that it is sufficient to avoid a more dramatic event in early January. Overall, this week's fundamentals-based Outlook rankings still look bullish to me. Downward earnings revisions from Wall Street have subsided (with the exception of Energy) and in fact some sectors are getting increasingly positive revisions. The top four sectors are all economically-sensitive (or in the case of Healthcare, all-weather), and they also display some of the highest Bull scores. Our sector rotation model continues to show a bullish bias and suggests holding Healthcare, Industrial, and (surprise!) Basic Materials. Also discussed are some alternative highly-ranked ETFs and individual stock ideas from within the top-ranked sectors, and what the model suggests if you have a neutral or defensive outlook.
BY Cinthia Murphy,
Stock index and sector funds having a banner day.Both the S'P 500 and the Dow Jones industrial average rallied to record highs Friday following a surprising interest rate cut in China that all ...