XLB Stock Recent News

XLB is a pretty small ETF skewed towards industrial gases in particular, but also other materials and basic materials more broadly. The key exposures look rather solid despite macroeconomic headwinds, and the US focus of the ETF is also attractive as that market is better than Europe in terms of macro.

Materials stocks, dominated by Chemicals names, have surged in the last two months. There could be near-term selling due to a confluence of technical factors.

Sector ETF report for XLB

The ALPS Equal Sector Weight ETF (EQL) has been gaining in popularity in recent months as investors look to the benefits of a sector equal-weighting methodology. EQL took in the greatest inflows across ALPS' lineup of ETFs in August, taking in $74 million.

Sector ETF report for XLB

These sectors are likely to log strong revenue growth in the second quarter. So, try these ETFs.

Sector ETF report for XLB

The materials sector remains a viable equity hedge, given its low weighting within the S&P 500. This ETF option has been a reasonable performer over the past year, outpacing the broader market.

Annual inflation rate in the United States slowed to 8.3% in April from a 41-year high of 8.5% in March, per tradingeconomics, but less than market forecasts of 8.1%.

Wall Street has been downbeat massively this year. Still these sectors appear lucrative at the current level.