XLI Stock Recent News
XLI LATEST HEADLINES
AIRR: An Industrials Fund That's Working Very Well
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.
Over the past year, Stanley Black & Decker's stock has traded along with the broader industrial sector. Over the past three years Stanley Black & Decker has been a huge laggard relative to the industrial niche.
While the rebound in manufacturing activity is a positive development, challenges such as subdued employment growth and inflationary pressures persist.
The Industrial Select Sector SPDR ETF (XLI) was launched on 12/16/1998, and is a passively managed exchange traded fund designed to offer broad exposure to the Industrials - Broad segment of the equity market.
XLI tracks the performance of the U.S. industrial sector, which should be underpinned by state funding programs. The aerospace & defence industry could benefit the most, but it's not the primary focus of XLI. XLI deserves a Hold rating, as the upside potential of up to 5% could still appear.
In the ongoing bull market, tech stocks have mainly driven the rally. However, with the rally expanding over the last few months, indicating a significant enhancement in market breadth.
The ISM Manufacturing PMI in the United States dropped to 47.8 in February 2024 from 49.1 in the previous month, way below market expectations of 49.5 and marked the 16th successive period of declines in manufacturing activity.
Looking for broad exposure to the Industrials - Broad segment of the equity market? You should consider the Industrial Select Sector SPDR ETF (XLI), a passively managed exchange traded fund launched on 12/16/1998.