XLB Stock Recent News

Looking for broad exposure to the Materials - Broad segment of the equity market? You should consider the Materials Select Sector SPDR ETF (XLB), a passively managed exchange traded fund launched on 12/16/1998.

Materials Select Sector SPDR Fund has outperformed the S&P 500 by 13% since the start of the pandemic rebound. XLB is a sector ETF that focuses on the basic materials sector, which is often overlooked by investors. The chemical industry, which makes up a significant portion of XLB's holdings, is rebounding and experiencing growth, but faces competition and volatility.

Looking for broad exposure to the Materials - Broad segment of the equity market? You should consider the Materials Select Sector SPDR ETF (XLB), a passively managed exchange traded fund launched on 12/16/1998.

Materials Select Sector SPDR Fund ETF is a passively managed fund that replicates S&P's Materials Select Sector Index. The fund is top-heavy, with the top 10 stocks accounting for 66% of its total weight, and Linde plc alone accounting for 20%. The materials sector is highly cyclical and dependent on global economic growth, with concerns about the Chinese economy potentially impacting the sector.

The Materials Select Sector SPDR® Fund ETF offers exposure to the materials sector of the S&P 500 Index. The XLB ETF's portfolio is concentrated in the chemicals industry, with strong earnings growth, but also has exposure to containers & packaging and construction materials. XLB has underperformed the S&P 500 and is heavily dependent on the performance of the chemicals industry.

Launched on 12/16/1998, the Materials Select Sector SPDR ETF (XLB) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials – Broad segment of the equity market.

Launched on 12/16/1998, the Materials Select Sector SPDR ETF (XLB) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials - Broad segment of the equity market.

The Fed took the market at least a little bit by surprise when it decided to project two more rate hikes earlier this month. It comes as readings on consumer prices continue to slow, and as the Fed itself admits that the impact from past increases have yet to be felt on the broader economy.

For long-term investors, the Materials Select Sector SPDR Fund ETF presents a good buying opportunity. The materials sector trades at a discount, with a forward P/E of 16.7 versus the S&P 500's 18.5 times forward earnings, offering potential upside. The chemicals industry's earnings growth power is likely to support the share price and dividends.

China's central bank announced some modest easing as it seeks to boost industrial activity. Though this is a small move, additional easing is probable and very much needed, especially given recent employment data in China. Investors should view this move as bullish for industrial stocks, as well as for ETFs like the Materials Select Sector SPDR Fund ETF (XLB).