From Lucia Mutikani: WASHINGTON (Reuters) – New orders for long-lasting U.S.-made goods fell for a second straight month in May as troubles at Boeing weighed on demand for aircraft, suggesting manufacturing could remain weak even as business spending on equipment appears to stabilize.
From Pippa Stevens: Industrial stocks are leading the way for the first time in five years.
From Zacks: The GE stock tumbled from $15.29 on May 22 to $14.18 on May 23 which is a drop of 7.4%, the single highest drop since nine years. In a press meet, the CEO said that he is looking for a slow but sustainable development and transformation of the company keeping the interests of stakeholders in […]
From Zacks: The earnings season for the industrial sector is off to a great start this year. Of the 83.3% S&P industrial companies that have reported earnings, 85% beat on both lines. There have been earnings improvement of 38.4% and revenue growth of 14% year over year, per the Earnings Trends issued on May 2, 2018.
From Zacks: The materials sector is attracting a lot of investor attention lately. Industrial Metals have been rebounding on greater global optimism. This is primarily due to robust global growth cues and strong demand.
From Zacks: The industrial sector has been on a tear lately with several related ETFs hitting an all-time high on Dec 4, 2017.
From Jill Mislinski: Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions.
U.S. based industrial equities have had a prosperous October thus far in terms of the largest ETF that is concentrated in the sector goes, XLI (SPDR Industrial Select Sector, Expense Ratio 0.14%, $12.1 billion in AUM).
Analyst/ETF Trader Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today points out bearish options bets on emerging markets, outflows from the world’s largest ETF, and fresh inflows into industrials.
The put-call ratio for the Industrial Select Sector SPDR Fund (NYSE:XLI) has reached exhorbitantly low levels, and the popular ETF is in dire need of a short-term pullback.
From Taki Tsaklanos: Trump pushed severeal markets higher in November which is what most tend to call the ‘Trump effect’. We observed that primarily a market sector rotation took place: the Trump effect resulted in value outperforming growth.
From Zacks: If any particular industry is hogging attention in the Trump era, then that is Industrials. The U.S. President’s pledge to pour about $1 trillion dollar in infrastructure spending is behind such interest in the sector (read: Welcome Trump Era with These ETFs).
From Jocelynn Smith: The election has stolen the media’s attention with endless rounds of he said/she said and finger-pointing, but there’s more going on in the U.S. than just a presidential election.
Analyst Paul Mampilly explains how the Internet of Things (IoT) revolution will majorly impact all aspects of our lives, and how investors can benefit from it.
The Industrial Select Sector SPDR Fund (NYSE:XLI) fell this morning, led lower by Honeywell’s big decline on weaker-than-expected guidance.