XLF Stock Recent News

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.

The S&P 500 earnings is expected to rise 0.2% in Q4 of 2023 over 2.2% revenue growth, per Earnings Trend issued on Jan 17, 2024.

Technical analysis suggests financial stocks have room to gain.

Chris Kotowski, senior research analyst at Oppenheimer, joins 'The Exchange' to discuss Q4'23 bank earnings, how to position bank stocks moving forward, and more.

There has been a deceleration in the earnings outlook in recent months, with negative revisions for several key sectors since the start of the fourth quarter.