|Bid||25.81 x 1000|
|Ask||39.83 x 1100|
|Day's Range||39.94 - 40.06|
|52 Week Range||30.50 - 41.15|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.29|
|Expense Ratio (net)||0.08%|
Industrial production up 0.3% in December riding on higher manufacturing and mining levels. This puts related ETFs in focus.
Industrial ETFs are building up momentum after data revealed U.S. manufacturing activity strengthened despite concerns over falling exports and global trade. Industrials were the best performing sector ...
Year-to-date, the Industrial Select Sector SPDR (NYSEARCA:XLI) — the largest of the industrial ETFs by assets — is lower by 10.2% while the S&P 500 is down 0.75%. Many of those names are among the primary price action drivers in a slew of industrial ETFs. “Industrial stocks have been battered by trade-war worries and other headwinds in 2018, but the group doesn’t get the credit it deserves, argues UBS,” reports Barron’s.
Learn why industrial stocks remain attractive, despite ongoing trade tariffs, and discover three industrials ETFs at key technical support.
Investors are rarely excited by the industrial sector. Unfortunately, when it comes to sheer performance in 2018, industrial ETFs are living up to that less-than-thrilling billing. As of Oct. 3rd, the Industrial Select Sector SPDR (NYSERCA:XLI), the largest industrial exchange traded fund (ETF) by assets, is up 6.5% year-to-date, well behind the 10.7% returned by the S&P 500.
The Dow Jones Industrial Average climbed over 150 points to start Tuesday's market session as construction and mining equipment manufacturer Caterpillar led the way, gaining 2.5%. Despite facing challenges related to the tariff battle between the United States and China, Caterpillar increased its adjusted earnings per share forecast to a range of $11 to $12 from $10.25 to $11.25--adjusted profit range of $6.6 billion to $7.2 billion. Industrial ETFs rose on Caterpillar's gain, such as Fidelity MSCI Industrials ETF (FIDU) --up 0.66%, Vanguard Industrials ETF (VIS) --up 0.71% and Industrial Select Sector SPDR ETF (XLI) --up 0.74%.
The latest upbeat industrial production data made the case even stronger as the American economy continues to look healthy despite trade tensions. As such, many industrial ETFs and stocks are poised to surge in the coming weeks.
As we are on the verge of stepping into the third quarter of 2018, investors may be interested to in knowing which sectors can perform well ahead.Source: Shutterstock
The ISM (Institute of Supply Management) publishes a monthly manufacturing (FIDU) report on changes to new orders, supplier deliveries, inventories, production, and employment. About 400 industries (XLI) are surveyed for inputs to construct this diffusion index. Eleven indexes used these survey results, and the ISM New Orders Index captures the changes in the level of new orders at the producer (RGI) level.
The Institute of Supply Management (or ISM) publishes a monthly manufacturing (FIDU) report on changes to new orders, supplier deliveries, inventories, production, and employment. The institute constructs 11 indexes using this survey and the ISM new orders index captures the changes in the level of new orders at the producer (RGI) level, which acts as an important forward indicator and thus finds its place in the Conference Board Leading Economic Index (or LEI). The ISM new orders index has an overall weight of 15.9% on the Conference Board Leading Economic Index.
The Industrial Select Sector SPDR (NYSEArca: XLI), the largest exchange traded fund tracking industrial stocks, is sporting a modest year-to-date loss, underscoring the point that after surging last year, ...
The Industrial Select Sector SPDR (XLI) , the largest exchange traded fund tracking industrial stocks, and rival industrial ETFs are lagging broader equity indexes in significant fashion. For example, XLI entered Wednesday with a year-to-date loss of 4.6% while the S&P 500 was lower by just 0.3%. Some big-name industrial stocks have been slammed on fears of an escalating trade war between the U.S. and China, the world’s two largest economies.
The Industrial Select Sector SPDR (NYSEArca: XLI), the largest exchange traded fund tracking industrial stocks, is down about 3% year-to-date while the S&P 500 is modestly higher. That may not seem like ...