This summary was created by AI, based on 3 opinions in the last 12 months.
Experts are optimistic about Industrial Select Sector SPDR Fund (XLI-N) as it is a seasonal stock with a strong performance from January to May. There is a belief that a rotation out of tech stocks will benefit the industrials sector, and the recent pullback is considered a good buying opportunity. However, there is some concern about the lack of investor excitement in the agriculture sector affecting capital equipment investment.
Given all the economic uncertain, the agriculture sector isn't willing to invest in capital equipment (i.e. Deere), so this sector lacks investor excitement.
Large industrials are strong seasonally from late October to end-Decemeber, then January into May. If we see rotation out of tech, industrials will benefit. He expects this to happen. XLI is currently at support.
XLI charges only 10 basis points, pays a small 1.58% dividend yield, but it holds some heavy hitters: Honeywell, UPS, Union Pacific, Boeing, Raytheon and Caterpillar in that order. Yes, GE also sits in this basket, but so do Lockheed Martin and Deere. The biggest holding, Honeywell, has exposure to defense, but more so automation in manufacturing, a growing area and one that’s needed in the current labour shortage. Read: Canadian Tire, Savaria & XLI
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The industrial sector should see growth from global economic growth and increased government spending on infrastructure. Buyable at these levels. Unlock Premium - Try 5i Free
Industrial US ETF? In the US industrial sector he sees it as being a tough place to be lately. He would look at some of the BMO family of ETFs. You have to be careful that you are not too concentrated (ie. Boeing). He has owned XLI. He has a neutral view on the space and would probably wait.
Industrial Select Sector SPDR Fund is a American stock, trading under the symbol XLI-N on the NYSE Arca (XLI). It is usually referred to as AMEX:XLI or XLI-N
In the last year, 2 stock analysts published opinions about XLI-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Industrial Select Sector SPDR Fund.
Industrial Select Sector SPDR Fund was recommended as a Top Pick by on . Read the latest stock experts ratings for Industrial Select Sector SPDR Fund.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Industrial Select Sector SPDR Fund In the last year. It is a trending stock that is worth watching.
On 2024-04-25, Industrial Select Sector SPDR Fund (XLI-N) stock closed at a price of $122.46.
Seasonal stock that will continue to own. Jan-May good time to own shares. Will continue to own. Recent pullback a good time to buy.