XLF Stock Recent News
XLF LATEST HEADLINES
While "Magnificent Seven" rocked the U.S. market in 2023, "Fab Four" will take the forefront, per a Motley Fool article, published on Yahoo Finance.
The stock market's resurgence into year-end has been a microcosm of this year. Let's just say that it has been a very bullish strong year for the markets.
The financial sector and popular sector ETF Financial Select Sector Fund NYSE: XLF has enjoyed a stellar end to the year. A quick glance at the XLF's daily chart almost makes it appear like the sector hasn't experienced a red day in nearly two months.
If you're interested in broad exposure to the Financials - Broad segment of the equity market, look no further than the Financial Select Sector SPDR ETF (XLF), a passively managed exchange traded fund launched on 12/16/1998.
Financial stocks are finally getting some love. The collapse in bond yields since November and the about-face by Federal Reserve Chair Jerome Powell lit some fire under the value bulls.
Last week, the S&P 500 marked the six-week winning streak. Improved consumer sentiment and upbeat jobs data led to this gain.
Numerous small banks collapsed in 2023, with ongoing issues potentially causing more strain on at-risk financial stocks in 2024. The US banking system is dependent on Federal Reserve stimulus, but the possibility of the Fed withdrawing more support may not be fully considered. Unrealized banking losses are estimated to be around $1.7T to $2T, posing solvency risks for banks if their assets are accounted for at market value.
Vanguard Financials Index Fund ETF is likely to underperform compared to competitor ETFs due to its overly diversified holdings and lack of weight on top financial performers. VFH's performance has lagged behind iShares U.S. Financials ETF in all time periods examined. VFH's low expense ratio and high dividend yield are its key advantages, but they do not compensate for its underperformance compared to IYF.
Cooling inflation triggered the possibility of a less-hawkish Fed, going forward.
Sales are harder to be influenced in an income statement than earnings. A company can land up on decent earnings numbers by adopting cost-cutting measures that do not speak for its core strength.