Streetbeat News

XLI

Industrial Select Sector SPDR Fund

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

Industry

Asset Management

Under normal market conditions, the fund 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: aerospace and defense; industrial conglomerates; marine; transportation infrastructure; machinery; road and rail; air freight and logistics; commercial services and supplies; etc. It is non-diversified.

Open

137.95

Mkt cap

21B

Volume

6.6M

High

138.09

P/E Ratio

29.51

52-wk high

144.51

Low

137.29

Div yield

0.01

52-wk low

109.95

XLI, an ETF within the industrials sector, is noted for its diversified holdings and stable businesses, making it a valuable tactical position despite a high-risk environment. The ETF's balanced reward/risk tradeoff is emphasized, with a hold rating reflecting the market's current disregard for traditional valuation metrics.

Portfolio Pulse from

December 03, 2024 | 1:45 pm

The Industrial Select Sector SPDR ETF (XLI) offers broad exposure to the Industrials sector and is a passively managed ETF launched on December 16, 1998.

Portfolio Pulse from

December 03, 2024 | 12:30 pm

Wall Street experienced its third consecutive day of losses as investor sentiment weakened. The U.S. dollar strengthened, impacting equities and commodities. Boeing reported disappointing earnings, while other companies like Texas Instruments and Baker Hughes saw gains. Real estate stocks showed resilience despite weak housing data.

Portfolio Pulse from Piero Cingari

October 23, 2024 | 6:07 pm

Wall Street experienced a decline for the second day as investors grew cautious ahead of the U.S. presidential election. The IMF raised U.S. growth forecasts but warned about rising debt. Commodities like gold and silver saw significant gains, with gold reaching record highs. General Motors surged 9% after strong earnings and a share buyback announcement. Other stocks had mixed performances, with some rising and others falling due to earnings reports.

Portfolio Pulse from Piero Cingari

October 22, 2024 | 5:16 pm

Industrial stocks, led by United Airlines and Delta Air Lines, have outperformed the S&P 500, with the Industrial Select Sector SPDR Fund (XLI) rising 6.10% over the past month. United Airlines' stock surged 41% due to strong Q3 results and a share buyback program, while Delta Air Lines gained 18% despite mixed earnings.

Portfolio Pulse from Surbhi Jain

October 17, 2024 | 6:52 pm

Wall Street experienced a lackluster session on Friday, coinciding with 'triple witching' day. Despite this, volatility remained low. Fed Governor Waller's dovish comments pushed gold to record highs. Major indices and ETFs saw slight declines, with FedEx plummeting due to poor earnings, while Nike rose on a new CEO appointment.

Portfolio Pulse from Piero Cingari

September 20, 2024 | 5:14 pm

Nvidia's halt in sell-off and strong earnings from Marvell Technology and MongoDB have led to a slight rebound in semiconductor stocks. The dollar rose as traders adjusted Fed rate cut expectations, impacting commodities. Major indices showed mixed performance, with notable stock movements including Intel's rise on restructuring rumors.

Portfolio Pulse from Piero Cingari

August 30, 2024 | 5:12 pm

US stocks rallied on Thursday as the Dow Jones hit record highs, driven by better-than-expected GDP growth. Nvidia's stock fell over 3% due to unimpressive revenue projections, while other semiconductor stocks and ETFs like iShares Semiconductor ETF gained. Major indices and ETFs, including SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series, saw positive movements.

Portfolio Pulse from Piero Cingari

August 29, 2024 | 5:34 pm

Wall Street's momentum slowed on Friday after a strong Thursday rally. Major indices were mostly flat, with the S&P 500 slightly up. Palantir hit a 3-year high due to a partnership with Microsoft. Bonds rallied, and the dollar weakened. Key stock movers included Eli Lilly, Cisco, and several others reacting to earnings reports.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 5:13 pm

Wall Street opened higher on Monday, driven by optimism ahead of major tech earnings and the Federal Reserve's meeting. Tesla rebounded 5% after a bullish note from Morgan Stanley, while oil prices dropped to 7-week lows. Key economic data and earnings reports from major companies like Microsoft, Apple, Meta, and Amazon are expected this week.

Portfolio Pulse from Piero Cingari

July 29, 2024 | 5:31 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.