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at MarketWatch.com (Sep 10, 2013)
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at CNBC.com (May 9, 2013)
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at CNBC.com (Apr 24, 2013)
at MarketWatch.com (Apr 16, 2013)
at CNBC.com (Apr 15, 2013)
at CNBC.com (Apr 5, 2013)
at CNBC.com (Apr 3, 2013)
at MarketWatch.com (Apr 2, 2013)
at MarketWatch.com (Mar 14, 2013)
at MarketWatch.com (Feb 26, 2013)
at MarketWatch.com (Feb 5, 2013)
at MarketWatch.com (Jan 11, 2013)
at CNBC.com (Nov 28, 2012)
XLB vs. ETF Alternatives
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Friday, Apr 41:12 PM
Friday, Apr 41:12 PM| 6 Comments
- The selloff accelerates, with the Nasdaq 100 (QQQ) and Russell 2000 (IWM) each now lower by 2.3%. Little-changed earlier, selling comes to the S&P 500 (SPY -0.7%) and DJIA (DIA -0.4%).
- What's working? Emerging markets for one. Another area of green is the utility sector (XLU +0.9%). Healthcare (XLV -0.8%) would usually get a bid on these days, but it's being dragged down by the continuing liquidation of the biotechs. There are also some pockets of green in basic materials (XLB -0.7%).
- Utility ETFs: XLU, IDU, VPU, NLR, GRID, JXI, NUCL, DBU, IPU, RYU, UPW, PUI, FUTY, FXU, SDP, PSCU, AXUT, UTLT
- Healthcare ETFs: IYH, XLV, VHT, PJP, XPH, CURE, FXH, IHE, RXL, IRY, IXJ, PPH, IHI, IHF, FHLC, XHS, PSCH, RYH, XHE, PTH, DRGS, AXHE, RXD
- Basic Materials ETFs: XLB, VAW, UYM, IYM, IGE, SMN, MATL, FXZ, PYZ, FMAT, RTM, SBM, PSCM
Friday, Mar 211:55 PM|Friday, Mar 211:55 PM| Comment!
Monday, Feb 37:15 PM
Monday, Feb 37:15 PM| Comment!
- State Streets Global Advisors announced a fee cut on 9 ETFs; taking expenses down from 0.18% to 0.16% on the effected funds.
- Assets under management for these 9 funds nearly tripled in 2013, driving SSgA to drop their prices; this could allow them to better compete with other market sector ETFs.
- The 9 effected ETFs: XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY
Friday, Dec 202013, 12:38 PM|Friday, Dec 202013, 12:38 PM| Comment!
Wednesday, Dec 112013, 10:02 AM
Wednesday, Dec 112013, 10:02 AM| Comment!
- "Warehouses over townhouses" is one of BAML's ten themes for 2014 - highlighting a potential shift away from consumer-driven stocks to industrial and commercial names.
- "If revenue growth continues to accelerate as we expect, corporations are likely to invest in their businesses by spending some of the cash accumulated on their balance sheets. This capex cycle, combined with improving global economic growth, is likely to benefit stocks in more industrial and cyclical parts of the economy over those that are more dependent on the consumer. In our view, this has already started, but probably is in its early stages."
- An attached chart shows this outperformance beginning to creep in in Q3.
- If the thesis is correct, investors may want to be sellers of Consumer Discretionary (XLY), Health Care (XLV), and Financials (XLF), and buyers of Tech (XLK), Energy (XLE), Industrials (XLI), and Materials (XLB).
- Related ETFs: FAS, XLF, IYH, FAZ, XLE, XLV, ERX, XLI, XLY, XLB, OIH, VHT, VDE, ERY, UYG, DIG, DUG, VFH, VCR, UYM, VAW, IYE, CURE, VIS, IGE, IYM, IYF, RXL, FXH, SEF, SMN, PXJ, IYG, PXI, IYJ, FXO, PFI, PSCH, KBWB, PSCE, FXD, UXI, MATL, PYZ, PRN, FXN, FXZ, RYE, RWW, FINU, FHLC, RYH, DDG, FXR, RCD, RTM, RYF, FIDU, SBM, SIJ, PSCF, PTH, FDIS, FENY, RGI, FNCL, RXD, PEZ, PSCD, PSCI, PSCM, FMAT, FINZ
Friday, Nov 152013, 12:52 PM
Friday, Nov 152013, 12:52 PM| 1 Comment
- The basic materials sector has badly lagged the broader market YTD, and Miller Tabak's Jonathan Krinsky surmises investor rotation into the group is likely if the overall market rally is set to continue.
- Krinsky's charts tell him the sector has been making higher lows since the 2009 bottom, but unlike the broad market and many other sectors, it has yet to clear its 2007-08 highs, giving the look of an ascending triangle - and the presumption of an upside resolution.
- ETFs: XLB, XME, JUNR, PICK, MSXX, FMAT.
Tuesday, Oct 222013, 1:25 PM
Tuesday, Oct 222013, 1:25 PM| 1 Comment
- The mutual fund giant greatly boosts its ETF presence, rolling out 10 sector ETFs on Thursday, with BlackRock (BLK) - whose iShares has its own suite of sector ETFs - as the funds' sub-advisor. State Street (STT), though, is better-known for its sector offerings. Launching on Thursday - and popular existing State Street SPDR ETFs they'll be competing with:
- Fidelity MSCI Consumer Staples Index ETF (FSTA) - XLP.
- Fidelity MSCI Consumer Discretionary Index ETF (FDIS) - XLY.
- Fidelity MSCI Energy Index ETF (FENY) - XLE.
- Fidelity MSCI Financials Index ETF (FNCL) - XLF.
- Fidelity MSCI Health Care Index ETF (FHLC) - XLV.
- Fidelity MSCI Industrials Index ETF (FIDU) - XLI.
- Fidelity MSCI Information Technology Index ETF (FTEC) - XLK.
- Fidelity MSCI Materials Index ETF (FMAT) - XLB.
- Fidelity MSCI Telecommunications Services Index ETF (FCOM) - XTL.
- Fidelity MSCI Utilities Index ETF (FUTY) - XLU.
Wednesday, Oct 162013, 3:47 PM
Wednesday, Oct 162013, 3:47 PM| Comment!
- Discretionary stocks (XLY), the U.K. (EWU), and the Eurozone (EZU, VGK) have the highest weighting relative to historical norms in global fund managers' portfolios, according to BAML's quant strategy group.
- The lowest weighting: Commodities (DBC), Emerging Markets (EEM), Energy (XLE), and Materials (XLB).
- "It's shocking how hated emerging market equities and commodities have become. Contrarians take note...," writes Josh Brown.
- Eurozone ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU.
- Broad commodity ETFs: DJP, GSP, LSC, RJI, GSC, GCC, GSG, DBC, DPU, DJCI, UCI, USCI, DYY, UCD, DEE, CMD, DDP, RGRC, CTF, CFD CSCR, CSCB.
- Emerging markets: EEM, ADRE, SCHE, GMM, VWO, DEM, EWEM, PXH, PIE, EWX, DGS, EMLB, EDC, EET, EMSA, EDZ, EEV, EUM, TLTE, HILO, EELV, EEMA, EMFT, DVYE, FEMS, EVAL, EGRW, EMCR, IEMG, EMDR, EEME.
- Energy: IEO, IEZ, IYE, PXE, PXI, XES, XLE, XOP, VDE, RYE, FXN, OIH, PXJ, PSCE, ERX, DIG, ERY, DUG, DDG, IXC, IOIL, AXEN, IPW, GNAT, FILL.
Thursday, Sep 122013, 2:58 PM
Thursday, Sep 122013, 2:58 PM| Comment!
- Oppenheimer analysts are believers in the materials sector, citing increasing evidence that the global economy is modestly improving from its recent lethargic pace of growth, particularly in emerging markets.
- Strategas isn't so sure; despite some stronger equity performance in recent weeks, it sees the persistence of cyclical weakness in emerging economies and the apparent forming of a structural consolidation in global commodities complex; it favors companies with a higher domestic revenue profile over those with a broader global footprint.
- Vulcan Materials (VMC) gets just 1% of its revenue overseas, while Airgas (ARG) has just 2%; those least exposed to the U.S. economy include Newmont Mining (NEM), which gets all of its revenue abroad, and International Flavors (IFF) and Owens-Illinois (OI), which each get 23%-24% of sales at home.
- ETFs: XLB, XME, EMT, PICK, JUNR. MSXX.
Wednesday, Sep 112013, 10:56 AM
Wednesday, Sep 112013, 10:56 AM| 3 Comments
- BofA Merrill Lynch sees huge contrarian value in global mining and steel companies while investors remain underweight in their holdings.
- A stronger global economy is coming, BAML says, noting China has been restocking iron ore, the pace of copper destocking in the country has slowed, and global steel prices have been rising.
- The top buys from the firm: ATI in steel, CNX in coal, ABX and KGC in precious metals, KALU in aluminum, and SCCO in copper, plus diversified miners FCX and VALE.
- ETFs: XME, XLB, EMT, PICK, JUNR, MSXX.
Wednesday, Aug 142013, 1:04 PM
Wednesday, Aug 142013, 1:04 PM| 5 Comments
- Also boosting the gold miners (see Klarman earlier) is Credit Suisse upping its price target on Barrick Gold (ABX +5.1%) by 10% to $22 per share, saying the company "is moving in the right direction." Goodhaven Fund - a highly concentrated, low-turnover mutual fund which earlier made the case for Barrick - disclosed a tripling of its position during Q2.
- Newmont Mining (NEM +5.5%), Goldcorp (GG +4%), Vista Gold (VGZ +7.1%).
- The Materials Select SPDR (XLB) is the best-performing sector today.
- Related ETFs: FXZ, IYM, PYZ, VAW, RTM, PSCM, UYM, SMN, SBM.
- Gold miners: GDX, GDXJ, GLDX, PSAU, NUGT, DUST, GGGG, RING.
Monday, Aug 122013, 10:23 AM
Monday, Aug 122013, 10:23 AM| Comment!
- Miller Tabak's Jonathan Krinsky saw technical signs last week of a rotation into the very-much unloved materials sector. Of the 10 S&P 500 sectors YTD, only telecom has done worse than materials (XLB).
- Unlike the broad market and many other S&P 500 sectors, materials hasn't taken out its pre-crisis highs, but a chart of its ratio to the S&P 500 - a clear downtrend - looks like it may soon resolve itself with an upside breakout.
- Related ETFs: FXZ, IYM, PYZ, VAW, RTM, PSCM, UYM, SMN, SBM.
Wednesday, Jul 242013, 1:29 PMUtilities (XLU -1.7%) lead the way lower today as interest rates shoot higher. Also taking a hit are basic materials (XLB -1.2%) and energy (XLE -1.5%) as most commodities, including oil (USO -1.8%), are lit up bright red. Bank of America, AIG, and Berkshire Hathaway are among the financial sector (XLF -0.6%) stocks taking a breather after big runs for most. |Wednesday, Jul 242013, 1:29 PM| Comment!
Tuesday, Jul 92013, 4:25 PMHeading into an earnings season looking like a repeat to Q1's sluggish performance, financials (XLF) look most attractive, says BAML, but the materials sector (XLB) is to be avoided. Noted is the unusual level of zipped lips in the corporate world in June - "generally worrisome," says BAML, but managements were mum the last two quarters as well, and earnings ended up beating expectations. |Tuesday, Jul 92013, 4:25 PM| Comment!
Wednesday, Jun 262013, 10:40 AM43 out of 45 global markets are oversold, according to BAML's "Breadth Buy" indicator. These extreme signals tend to be followed by a short-term 6-7% bounce, but, cautions chief investment strategist Michael Hartnett, a sustained rally would require a shift in policy behavior. What's more, the 2 markets not in oversold territory are the U.S. (SPY) and Japan (EWJ, DXJ) and they're kind of important. Most oversold: Brazil (EWZ), Turkey (TUR), South Africa (EZA), Mexico (EWW), Materials (XLB), China (FXI, CAF). Least oversold (in addition to the U.S. and Japan): Health Care (XLV, IYH), and Consumer Discretionary (XLY). |Wednesday, Jun 262013, 10:40 AM| Comment!
Friday, Jun 212013, 9:52 AM
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