Streetbeat News

XLB

Materials Select Sector SPDR Fund

https://www.ssga.com/us/en/intermediary/etfs/funds/the-materials-select-sector-spdr-fund-xlb

Industry

Asset Management

In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: chemicals; metals and mining; paper and forest products; containers and packaging; and construction materials. The fund is non-diversified.

Open

94.99

Mkt cap

6.8B

Volume

4.3M

High

95.08

P/E Ratio

18.19

52-wk high

97.87

Low

94.30

Div yield

0.02

52-wk low

76.43

Tech stocks are rallying as investors anticipate earnings from major companies like Microsoft, Apple, Meta, Amazon, and Alphabet. Tesla continues its upward trend, while the S&P 500 and Nasdaq 100 see gains. The Dow Jones is down, and the U.S. dollar is strengthening. ETFs like SPY, QQQ, and XLK are performing well.

Portfolio Pulse from Piero Cingari

October 25, 2024 | 5:19 pm

Tech stocks rebounded on Thursday, led by Tesla's 18% surge after strong quarterly results. Despite Tesla's rally, market sentiment remained cautious. The S&P 500 and Russell 2000 were flat, while the Dow Jones fell. The Consumer Discretionary sector, influenced by Tesla, led gains. Treasury yields eased, boosting gold prices. Several companies, including T-Mobile and IBM, saw significant stock movements following earnings reports.

Portfolio Pulse from Piero Cingari

October 24, 2024 | 6:30 pm

Tech stocks surged on Thursday, led by Tesla's 18% rise after strong quarterly results. Despite Tesla's rally, market sentiment remained cautious. The S&P 500 and Russell 2000 were flat, while the Dow Jones fell. The Consumer Discretionary sector, influenced by Tesla, led gains. Treasury yields eased, boosting gold prices.

Portfolio Pulse from Piero Cingari

October 24, 2024 | 4:58 pm

Sherwin-Williams reported Q3 results with revenue and EPS below analyst expectations, leading to a drop in share price. Despite strong sales in Paint Stores, weak consumer demand affected overall performance. The company reaffirmed its 2024 EPS guidance but expects flat to low-single-digit sales growth. Investors can also consider exposure through ETFs like XLB and FMAT.

Portfolio Pulse from Lekha Gupta

October 22, 2024 | 3:34 pm

DuPont de Nemours, Inc. has completed a major expansion of its photoresist manufacturing capacity in Japan, nearly doubling production to meet global demand. This move is part of DuPont's growth strategy in lithography offerings. The company's stock has gained over 18% in the past year, and investors can gain exposure through ETFs like ProShares Smart Materials ETF and Materials Select Sector SPDR.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2024 | 2:06 pm

The S&P 500 and Nasdaq 100 reached record highs, driven by semiconductor stocks and anticipation of Micron Technology's earnings. Investors are cautious ahead of key economic data, including GDP and inflation reports. Major indices showed mixed performance, with notable stock movements influenced by analyst ratings.

Portfolio Pulse from Piero Cingari

September 25, 2024 | 4:17 pm

Tech stocks and materials sector rallied on Tuesday, driven by China's stimulus measures. The Nasdaq 100 outperformed, with Nvidia surging nearly 4%. Chinese equities and related ETFs saw significant gains, while the U.S. dollar weakened. Commodities like copper and silver also rose.

Portfolio Pulse from Piero Cingari

September 24, 2024 | 5:20 pm

The Federal Reserve cut interest rates by 0.5%, marking the first cut since March 2020, and setting the target fed funds rate between 4.75% and 5%. This decision led to a rise in the S&P 500 and gold prices, with various ETFs and stocks reacting differently. The SPDR S&P 500 (SPY) rose by 0.39%, while the Materials Select Sector SPDR Fund (XLB) showed strength, and the Energy Select Sector SPDR Fund (XLE) weakened. The SPDR Gold Trust (GLD) increased by 1.01%, and the Invesco QQQ Trust (QQQ) rose by 0.64%. Meanwhile, the iShares 20+ Year Treasury Bond ETF (TLT) fell by 0.39%.

Portfolio Pulse from Adam Eckert

September 18, 2024 | 6:32 pm

Tech stocks fell as concerns over Apple's iPhone 16 demand impacted chipmakers, with Apple shares dropping over 3% and Arm Holdings plunging more than 5%. The semiconductor sector, tracked by the iShares Semiconductor ETF, declined by 2.2%. Meanwhile, bonds rose on expectations of a 0.5% Fed rate cut.

Portfolio Pulse from Piero Cingari

September 16, 2024 | 5:48 pm

Wall Street is experiencing a positive session with all sectors of the S&P 500 index trading in the green, driven by expectations of a Federal Reserve rate cut. Small-cap stocks are outperforming, and precious metals are rallying. Adobe and Boeing face declines due to revenue guidance and labor strikes, respectively, while United Airlines and Warner Bros Discovery see gains from strategic partnerships.

Portfolio Pulse from Piero Cingari

September 13, 2024 | 5:18 pm

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