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Looking for broad exposure to the Healthcare - Broad segment of the equity market? You should consider the Health Care Select Sector SPDR ETF (XLV), a passively managed exchange traded fund launched on 12/16/1998.
The largest U.S. health insurer UnitedHealth Group (UNH) reported better-than-expected fourth-quarter 2023 results but medical costs rose more than expected for the first time in two years.
For investors seeking momentum, Health Care Select Sector SPDR ETF XLV is probably on the radar. The fund just hit a 52-week high and is up 15.5% from its 52-week low price of $122.59/share.
For investors seeking momentum, Health Care Select Sector SPDR Fund XLV is probably on radar. The fund just hit a 52-week high and is up 13% from its 52-week low price of $122.59/share.
Here's our daily look at three charts connected to recent news-driven price moves, with key technical levels to monitor.
The Health Care Select Sector SPDR® Fund ETF has historically outperformed the S&P 500 with lower volatility. The ETF has underperformed this year, potentially due to the strong performance of the tech sector. Consensus estimates suggest that the ETF may see revenue growth and EPS growth in the coming years, indicating a potential recovery.
The Health Care Select Sector SPDR Fund is a popular ETF that provides exposure to the healthcare sector. XLV has shown consistent performance and has outperformed the SPY ETF over the past decade. The ETF comprises major healthcare industry players and offers a convenient and cost-effective way to invest in the sector.
Although retail is an all-important sector to bet on in the holiday season, Utilities, Aerospace and Medical emerged as winning sectors currently due to the compelling valuation, earnings growth potential and overall bullishness in the sector.
With Warren Buffett's Berkshire Hathaway increasing its cash reserves and Deutsche Bank forecasting a likely mild recession in the first half of 2024, look into ETFs to hedge against economic downturn.
Looking for broad exposure to the Healthcare - Broad segment of the equity market? You should consider the Health Care Select Sector SPDR ETF (XLV), a passively managed exchange traded fund launched on 12/16/1998.