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Industrial Select Sector SPDR Fund (XLI)
| Previous Close | 81.17 |
| Open | 80.10 |
| Bid | 0.00 x 4000 |
| Ask | 0.00 x 1100 |
| Day's Range | 78.28 - 80.19 |
| 52 Week Range | 47.71 - 85.33 |
| Volume | 10,683,965 |
| Avg. Volume | 11,328,313 |
| Net Assets | 12.17B |
| NAV | 81.15 |
| PE Ratio (TTM) | N/A |
| Yield | 1.83% |
| YTD Daily Total Return | 1.21% |
| Beta (5Y Monthly) | 1.22 |
| Expense Ratio (net) | 0.13% |
| Inception Date | 1998-12-16 |
- MarketWatch
Illinois Tool Works stock set to rise after profit and revenue fall, but beat expectations
Shares of Illinois Tool Works Inc. were indicated up more than 1% in premarket trading Friday, after the multi-industrial manufacturer reported third-quarter profit and revenue that fell, amid the negative impacts of the COVID-19 pandemic, but beat Wall Street expectations. Net income declined to $582 million, or $1.83 a share, from $660 million, or $2.04 a share, in the year-ago period. The FactSet consensus for earnings per share was $1.47. Revenue fell 4.9% to $3.31 billion, but was above the FactSet consensus of $2.98 billion. Operating margin declined to 23.8% from 25.0%, weighed down by lower volume and higher restructuring expenses. The stock has advanced 12.3% year to date through Thursday, while the SPDR Industrial Select Sector ETF has slipped 0.8% and the S&P 500 has gained 6.9%.
- MarketWatch
GE's stock surges toward a more-than 4-month high, after report of potential asset sale
Shares of General Electric Co. charged up 5.2% in afternoon trading Thursday, putting them on track to close at the highest price in more than four months, amid a Bloomberg report that the industrial conglomerate could sell off its majority stake in a steam power business in China. Bloomberg reported, citing people familiar with the matter, that state-owned Wuhan Boiler Group Co. is considering buying GE's 51% stake in Wuhan Boiler Co., in a deal that could value GE's stake at a few hundred million dollars. GE's stock, which is headed for the highest close since June 9, has now soared 23.6% in October, making it the best month-to-date performer among the SPDR Industrial Select Sector ETF's components. Meanwhile, the industrials ETF has gained 4.9% this month and the S&P 500 has tacked on 2.7%.
- Investopedia
These Sectors See Big Money Buying
Just because buying is back doesn't mean volatility is over, as nobody knows how long the current lull in uncertainty will last.
