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Materials Select Sector SPDR ETF (XLB)

- NYSEARCA
  • Sep. 11, 2013, 10:56 AM
    • 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.
    | 3 Comments
  • Aug. 14, 2013, 1:04 PM
    | 5 Comments
  • Aug. 12, 2013, 10:23 AM
    • 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.
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  • Jul. 24, 2013, 1:29 PM
    Utilities (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.
    | Comment!
  • Jul. 9, 2013, 4:25 PM
    Heading 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.
    | Comment!
  • Jun. 26, 2013, 10:40 AM
    43 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).
    | Comment!
  • Jun. 21, 2013, 9:52 AM
    Materials Select Sector SPDR ETF (XLB) announces quarterly distribution of $0.2977. 30-day SEC yield of 2.11% (as of 06/19/2013). For shareholders of record June 25. Payable July 01. Ex-div date June 21.
    | Comment!
  • Jun. 17, 2013, 12:56 PM
    More from Zulauf at Barron's: Taking issue with the gathering consensus of a stronger economy and the Fed pulling back, Zulauf suggests bond yields (TLT, TBT) may have stopped rising and could be set to fall. In conjunction with that view, noncyclical names (XLU, XLV) could be set for a comeback at the expense of cyclical sectors (XLV, XLB, XLE).
    | Comment!
  • Jun. 11, 2013, 7:58 AM
    Clients were net sellers of stocks in May, according to the TD Ameritrade Investor Movement Index. The gauge declined for a 2nd consecutive month to 5.02 from 5.31 previously. Clients were net buyers across the materials sector (XLB), but reduced exposure elsewhere. After steadily accumulating the stock for months, clients turned net sellers of Apple (AAPL). Other tech names seeing selling: MSFT, CSCO, INTC. Notable buying activity: TSLA, BRK.B, KMP, VALE, LINE.
    | 15 Comments
  • May 14, 2013, 10:42 AM
    "Contrarians should start buying emerging markets (EEM, DEM, VWO) and think about global energy (XLE) and material companies (XLB) and commodities (DBC)," says BAML's John Bilton, noting a "marked uptick" in concern about China (FXI, CAF) in his firm's latest fund manger survey. One-in-four now consider a Chinese hard landing as the biggest risk to their investment. Where respondents are not fearful? Japan (EWJ, DXJ). (previous)
    | 4 Comments
  • May 6, 2013, 7:27 AM
    The S&P 500 (SPY) is fairly valued, says Goldman, but opportunity lies in cyclicals (XLY, XLE, XLI, XLB) which are more undervalued vs. defensives (XLU, XLP, XLV, XTL) than at any time in the last 15 years. "Given the 4 P/E multiple point head start, even a slight valuation normalization should translate into outperformance of cyclicals over defensives during the next 12 months."
    | 1 Comment
  • May 3, 2013, 8:00 AM
    "We don't want to sell in May and we continue to prefer cyclicals (XLY, XLI, XLB, XLE) ," says JPMorgan's Tom Lee, fully returned to his normal bullish stance. He notes client positioning is "dramatically different" from the heavily long stance of the last 3 years at this time. More, the downturn in gasoline prices could ad 50 bps to GDP in Q2, and the rally in high-yield suggests the economy is set to get stronger.
    | 1 Comment
  • Apr. 26, 2013, 10:37 AM
    This week has seen a nice pickup in battered cyclical sectors, as the materials sector (XLB), the year’s second-worst performing group, began today as the week’s top gainer, rising 4.5%. Next was energy (XLE), the year’s third-weakest, up 3.2%. MKM Partners thinks it means the recent gains may morph into sustained momentum, and likes adding June calls in XLB and the oil service ETF (OIH).
    | 1 Comment
  • Apr. 26, 2013, 8:34 AM
    The beginning of a bigger move? Two of the year's three strongest performing sectors - healthcare (XLV) and consumer staples (XLP) - are down on the week as the three weakest sectors - energy (XLE), materials (XLB), and tech (XLK) - post gains of 3%-4.5%.
    | 2 Comments
  • Apr. 24, 2013, 12:44 PM
    Stocks take more of a negative tone at midday, the DJIA (DIA) -0.3%, led by 5% declines in both AT&T and Procter & Gamble. Also notably in the red is the healthcare (XLV -1.2%) sector, but financials (XLF +0.5%), energy (XLE +1.4%), and materials (XLB +1.2%) are posting gains. The Nasdaq -0.4%, led by the aforementioned AT&T, Cisco, and Apple.
    | 1 Comment
  • Apr. 16, 2013, 11:29 AM
    Homebuilder stocks aren't taking much encouragement off the bigger number in Housing Starts today, as the underlying data doesn't appear to be strong enough to offset yesterday's drubbing: BZH -0.7%, TMHC -0.2%, HOV -0.2%, DHI +0.9%, KBH +0.5%, PHM +1.6%, LEN +0.9%, TOL +1%. Building materials suppliers on the other hand don't care what kind of homes are being built, and are having a much better day on the news: LII +2.3%, WSO +2%, SHW +3.3%, LPX +3.6%).
    | Comment!
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XLB Description
The Materials Select Sector SPDR® Fund, before expenses, seeks to closely match the returns and characteristics of the Materials Select Sector Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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