Materials Select Sector SPDR News
The major equity indices recently set all-time or multiyear intraday highs, and so have several of the 11 sector ETFs I've been tracking.
Cooperman's Omega Advisors Enters Comcast (CMCSA), Freeport-McMoRan (FCX), Lowers Sprint (S), Exits Wells (WFC)Street Insider Nov 14
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Investors in Materials Select Sector SPDR Fund saw new options begin trading this week, for the November 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the XLB options chain for the new November 16th contracts and identified one put and one call contract of particular interest.
It was a great start to the market week as the market closed broadly higher with advancing stocks leading decliners by a 3.6 to 1 margin. The NYSE Advance/Decline has broken its downtrend from the July-August highs, which is a positive sign. It indicates that the worst of the selling is now likely over. But, still, investors should be prepared for some downdrafts and choppy action as the month continues. Some of the biggest leaders were emerging markets as the ETFs tracking Indonesia, Thailand, Turkey, and India all had gains of over 5% for the day. The material stocks also did well with the Select ...
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Materials Select Sector SPDR Fund (AMEX: XLB) where we have detected an approximate $117.0 million dollar inflow -- that's a 4.0% increase week over week in outstanding units (from 70,973,725 [...]
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Materials Select Sector SPDR Fund (AMEX: XLB) where we have detected an approximate $58.6 million dollar inflow -- that's a 2.1% increase week over week in outstanding units (from 69,523,725 [...]