Investment thesis: analysts are bullish on the largest company members and the ETF is in an uptrend. Take a position.
Normally when I write about an industry-specific ETF, I analyze the economic fundamentals of the industry
XLC: Take A Position
Summary
- Three of the largest company members are bullishly rated; the other two are neutral.
- The XLC has performed well over multiple time frames.
- The charts are bullish.
Hale Stewart spent 5 years as a bond broker in the late 1990s before returning to law school in the early 2000s. He is currently a tax lawyer in Houston, Texas. He has an LLM in domestic and international taxation (MagnaCumLaude). He is the author of the book The Lifetime Income Security Solution. Follow me on Twitter at @originalbonddadYou can read his legal analysis on his law office's blog.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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