Seeking Alpha

Materials Select Sector SPDR ETF (XLB)

  • Mar. 20, 2012, 8:14 AM
    Straw that stirs the drink department: A chart of the growth in Chinese steel production plotted alongside the Australian dollar shows the correlation has gotten especially tight in recent years. Another chart shows the tight correlation between the aussie and the S&P 500. Does this mean Chinese steel production is driving the whole shebang?
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  • Mar. 20, 2012, 7:09 AM
    Miners are leading declines in Europe following a BHP executive's comments that Chinese demand for iron ore is flattening out. Competitor Rio Tinto (RIO) quickly trotted out one of its execs to say solid growth continues in China, but the damage was done. BHP -2.9%, RIO -3.3% premarket. Aussie dollar -1.1%.
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  • Mar. 16, 2012, 10:21 AM
    Taking its signal from rising bond yields, HSBC suggests cyclicals will outperform as higher rates are a sign nominal demand is rising. The main casualties: healthcare and consumer staples. As for being a threat to the entire market, HSBC believes this is only true at real yields above 4% (they're negative now), but "a sharp rise in bond yields is a threat from whatever level."
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  • Mar. 12, 2012, 3:32 PM
    "Last year you only had to get 2 things right," says Jeff Saut, "You had to raise cash in March/April and put it back to work during the bottoming sequence of August-October." He believes a similar strategy will work this year, with his preferred sector being the cyclicals, as either the economy moves forward of the Fed unleashes QE3 if it slows.
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  • Jan. 19, 2012, 9:40 AM
    Defining overbought as being more than 5% above a 50-day moving average, Bespoke says 24% of tracked ETFs fit the bill. Leading the list is the homebuilders (XHB), more than 13% above its 50 day MA; Brazil (EWZ) leads the country ETFs, 8.2% above. A few more days of market gains and look for talk about the entire market being overbought.
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  • Dec. 4, 2011, 4:56 AM
    Graham Tuckwell, who created the first ETFs for gold and oil, is looking to sell his company, ETF Securities, for a potential price of £1B ($1.6B), the FT reports. Tuckwell's decision comes as money pours into gold ETFs and scrutiny increases on the market for the funds.
    | 1 Comment
  • Nov. 10, 2011, 1:43 PM
    Tadas Viskanta examines seasonality strategies in stock selection, one of which presents DuPont (DD), Monsanto (MON), GE and materials (XLB) and industrials (XLI) ETFs as "winter stocks," and Philip Morris (PM), P&G (PG), JNJ and consumer staples (XLP) and healthcare (XLV) ETFs as "summer stocks."
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  • Sep. 30, 2011, 5:36 PM
    It's tempting to point to Europe for market troubles, but a look at sector performance today paints a more conventional picture of economic gloom: Among the 10 S&P sectors, cyclical ETFs were worst (XLB, -3.7%; XLI, -3.3%; XLF, -3.5%), while defensives did best (meaning, less poorly: XLV, -1.3%; XLP, -1%; XLU, -1.1%).
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  • Aug. 19, 2011, 10:35 AM
    Stock indexes all turn positive, including the Dow, which had been anchored lower by Hewlett-Packard's (HPQ -20.6%) dismal day: Dow +11, S&P +6.5, Nasdaq +22.5. Sector strength is noted in energy (XLE +0.8%), as the dollar index slumps and crude perks up; financials (XLF +0.2%), materials (XLB +0.9%) and consumer discretionaries (XLY +1%) also bounce back.
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  • Feb. 7, 2011, 9:45 AM
    Global miners will likely report H2 profits doubled, leaving them with so much cash that even multi-billion dollar expansion projects and smaller acquisitions won't make much of a dent. Shareholders are pushing for fat dividends. 
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  • Feb. 5, 2010, 1:19 PM
    Sector ETF strength: Semis– SMH +1%. Livestock– COW +0.8%. Gold Miners– GDX +0.5%. Tech– XLK +0.1%. Basic Materials– XLB +0.1%.
    Sector ETF weakness: Gasoline– UGA -3.8%. Heating Oil– UHN -3.5%. Oil– USO -3.5%. Commodities– GSG -3.1%. Silver– SLV -3.1%. Oil Services– OIH -2.6%.
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  • Jan. 14, 2010, 10:08 AM
    Sector ETF strength: Solar– KWT +1.5%. Solar– TAN +1.5%. Base Metals– DBB +1.1%. Clean Energy– PBW +0.7%.
    Sector ETF weakness: Real Estate– IYR -0.7%. Basic Materials– XLB-0.7%.
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  • Jan. 7, 2010, 1:42 PM
    Sector ETF strength: Commercial Banks– KBE +3.6%. Homebuilders– XHB +3.5%. Regional Banks– KRE +3%.  Financials– XLF +1.8%. Healthcare Providers– IHF +1.7%.
    Sector ETF weakness: Internet– HHH -1.8%. Commodities– DBC -1%. Steel– SLX -1%. Basic Materials– XLB -0.9%. Semis– SMH -0.8%.
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  • Jan. 7, 2010, 10:07 AM
    Sector ETF weakness: Base Metals– DBB -1.7%. Biotech– BBH -1.4%. Basic Materials– XLB -1.3%. Gold Miners– GDX -1.3%. Internet– HHH -1.3%.
    Sector ETF strength: Homebuilders– XHB +2.9%. Healthcare Providers– IHF +0.6%.
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  • Jan. 4, 2010, 10:38 AM
    Sector ETF strength: Coal– KOL +4.3%. Steel– SLX +3.9%. Silver– SLV +3.6%. Gold Miners– GDX +3.6%. Oil Services– OIH +3.4%. Solar– KWT +3.1%. Heating Oil– UHN +3.1%. Basic Materials– IYM +3%. Basic Materials– XLB +2.8%. Energy– XLE +2.7%. Energy– IYE +2.6%. Semis– SMH +2.4%. Gold– GLD +2.4%.
    Weakness: none.
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  • Nov. 23, 2009, 10:30 AM
    Sector ETF strength after one hour: Gold Miners– GDX +4%. Oil Services– OIH +3.2%. Coal– KOL +3%. Steel– SLX +3%. Homebuilders– XHB +2.7%. Heating Oil– UHN +2.7%. Healthcare Providers– IHF +2.6%. Russell 2000– IWM +2.6%. Energy– XLE +2.5%. Solar– TAN +2.5%. Commercial Banks– KBE +2.5%. Basic Materials– IYM +2.4%. Regional Banks– KRE +2.3%. Basic Materials– XLB +2.2%.
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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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Country: United States
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