2024-01-22 09:00:00 ET
Summary
- The Industrial Select Sector SPDR Fund represents the industrial sector of the US stock market and is a true blue American ETF.
- XLI has a well-diversified portfolio with its top three stock holdings making up only 12% of assets.
- The profitability of XLI's holdings is strong, but the ETF is currently overvalued and its technical indicators suggest a hold.
It is time for a checkup on what I think is one of the most important sectors of the US stock market, yet one that gets lost in the excitement of a tech stock obsessed era. It is a $15 billion ETF that somehow gets lost in the shuffle....
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XLI: Great Set Of Blue Chip Stocks, Sending Mixed Messages