Previous 10 | Next 10 |
Construction materials and mining/metals look attractive in valuation and quality. FXZ is a smarter and more balanced alternative to XLB. 9 stocks cheaper than their peers in June. For further details see: FXZ: Materials Dashboard For June
Investors should own stable stocks as they grapple with tighter monetary policy and slowing growth, Goldman Sachs strategist David Kostin says. "Firms with low share price volatility and stable earnings growth should outperform in the uncertain macro environment," Kostin and team wrote in a n...
Corporate outlooks are set to shift dramatically next earnings season and some stocks will be vulnerable to reversal, Wells Fargo says. Senior Equity Strategist Chris Harvey picked a "group of stocks (that) will underperform the market until we hear the Fed reference a slowing economy." ...
The S&P Materials sector closed the trading week in red at -5.27%. The Materials Select Sector SPDR (NYSEARCA:XLB) was also down around 6%. Gold and palladium witnessed sharp declines on Monday, as the dollar rallied on the increasing likelihood of steep interest rate hikes by t...
Wells Fargo says it is time to close out reopening trades and focus on the new landscape of a slowing economy. The rise in the 2-year Treasury yield (SHY) above 3% was the catalyst for a hard economic landing to become the base case, senior equity analyst Chris Harvey wrote in a note Tuesday....
Materials have broken both the 50- and 200-dma and triggered a short-term sell signal. After a very minimal bounce, Communications are testing support at previous lows. Energy is extremely overbought on multiple levels and is pushing more extreme deviations from its 50-dma. ...
Nucor has sold off by more than 30% in the last few months. While the investment has many moving parts, the ultimate driver here is that the stock is cheap. If 2023 sees steel prices weaken substantially, the stock could end up priced at 10x free cash flow. That's not such a bad outco...
The odds of the broader market seeing a choppy summer are declining as odds of a June swoon rise, according to BTIG. "We have recently been expecting a ‘summer-chop’ in the 3,800-4,250 zone before an eventual breakdown towards 3,400-3,500. We thought a momentum reversion where w...
The S&P Materials sector closed the trading week in red at -6.73% as copper and other industrial metals fell in the wake of recession concerns and renewed COVID-19 restrictions in China. The Materials Select Sector SPDR (NYSEARCA:XLB) was also down 6.55%. Three-month copper...
The materials sector remains a viable equity hedge, given its low weighting within the S&P 500. This ETF option has been a reasonable performer over the past year, outpacing the broader market. The materials and chemicals sectors are expected to see strong profit growth this y...
News, Short Squeeze, Breakout and More Instantly...
Materials Select Sector SPDR Company Name:
XLB Stock Symbol:
NYSE Market:
2024-07-08 11:38:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-28 12:22:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-09 06:20:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...