XLB Stock Recent News
XLB LATEST HEADLINES
Hugh Johnson, chairman and chief economist with Hugh Johnson Economics, joins 'Power Lunch' to discuss economic indicators suggesting a hard landing, stocks moving with Fed policy and stocks performing better in anticipation of a hard landing.
The American economy expanded faster than expected in the fourth quarter, with GDP rising 2.9% annually versus 2.6% expectation.
Sector ETF report for XLB
XLB ETF provides broad exposure to materials companies. Recent news that China is preparing to loosen property restrictions could power materials stocks in 2023.
Top-Ranked ETFs like Global X Social Media Index ETF (SOCL), VanEck Vectors Semiconductor ETF (SMH), First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID), Materials Select Sector SPDR (XLB), and SPDR NYSE Technology ETF (XNTK) outperformed last month.
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