XLF Stock Recent News
XLF LATEST HEADLINES
UBS pointed out that rapid earnings growth recorded by the big six tech giants over the past year is now ebbing. Hence, this could be the time to bet on non-cyclical sectors.
Designed to provide broad exposure to the Financials - Broad segment of the equity market, the Financial Select Sector SPDR ETF (XLF) is a passively managed exchange traded fund launched on 12/16/1998.
We have downgraded the rating on the Financial Select Sector SPDR® Fund ETF from a BUY to a HOLD. Since I wrote my buy rating, the XLF ETF has seen a price advancement of more than 20% in less than 1 year. Together with its dividend decrease, the valuation has become expensive.
There is a shift towards a more inclusive approach to stock market investments, helped by a promising economic outlook and supportive monetary policies. Somewhat ebbing AI mania and regulatory woes probably are leading Investors to look beyond Magnificent Seven.
Looking for broad exposure to the Financials - Broad segment of the equity market? You should consider the Financial Select Sector SPDR ETF (XLF), a passively managed exchange traded fund launched on 12/16/1998.
Cyclical companies could get a boost if the consumer price index for February, to be released next month, is lower than expected.
The financial sector is a crucial part of the economy, but the Financial Select Sector SPDR Fund ETF has underperformed its peers. The XLF is a concentrated portfolio dominated by top holdings such as Berkshire Hathaway, JPMorgan, Visa, and Mastercard.
The S&P 500's Q3 of 2023 dividends increased 0.7% to a record $144.2 billion from Q2 of 2023's $143.2 billion and were 2.7% higher than the $140.3 billion recorded in Q3 of 2022.
The GICS sector committee recently moved several major stocks in the Tech Sector to the Financial Sector. This raised questions about how true to its Sector XLF is now. We examine its holdings and compare them with VFH whose index holds several hundred more stocks. The banks and insurers held by XLF make up less than half of the value of the whole ETF. We discuss the other subsectors it holds and their vulnerability.
The U.S. economy exhibited a robust performance in the fourth quarter of 2023, with the real GDP growing at an annualized rate of 3.3%. This growth topped market expectations of 2% and followed a 4.9% increase in the third quarter.