XLI Stock Recent News

The sharp selloffs some sectors have been seeing relative to the broader market could be a sign of underlying weakness, but Janney analyst Dan Wantrobski says they are actually presenting near-term buying opportunities.

XLI has tracked the S&P500 closely over the last year, but has recently diverged. The divergence provides insight into some of the dynamics in the broader market. XLI could catch up with SPY in the coming weeks, depending on economic data.

Launched on 12/16/1998, the Industrial Select Sector SPDR ETF (XLI) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Broad segment of the equity market.

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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.