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BofA: Investors Are Nervous despite Soft Landing Expectations
TipRanks (Tue, 17-Sep 2:44 PM ET)
Sector-wise weekly ETF flows - money pours out of financials and into consumer staples
Seeking Alpha News (Tue, 17-Sep 3:36 AM ET)
AI boom driving resurgence of U.S. gas-fired power, new life for fossil fuel usage
Seeking Alpha News (Mon, 16-Sep 8:15 PM ET)
S&P soars to best week of 2024 as Wall Street gears up for anticipated interest rate cuts
Seeking Alpha News (Fri, 13-Sep 7:00 PM ET)
XLU Underpriced Bullish Call Spread has Profit Potential of 43%
Market Chameleon (Wed, 24-Apr 8:11 AM ET)
XLU Bullish Call Spread at $1.96 Appears to be a Good Buy
Market Chameleon (Fri, 17-Feb 7:14 AM ET)
XLU Bullish Call Spread at $1.70 Appears to be a Good Buy
Market Chameleon (Wed, 2-Nov 9:16 AM ET)
The Utilities Select Sector SPDR Fund before expenses seeks to closely match the returns and characteristics of the Utilities Select Sector Index (ticker: IXU).
Utilities Select Sector SPDR trades on the ARCA stock market under the symbol XLU.
As of September 18, 2024, XLU stock price declined to $78.48 with 21,416,443 million shares trading.
XLU has a beta of 0.31, meaning it tends to be less sensitive to market movements. XLU has a correlation of 0.06 to the broad based SPY ETF.
XLU has a market cap of $18.44 billion. This is considered a Large Cap stock.
In the last 3 years, XLU stock traded as high as $79.38 and as low as $54.77.
XLU stock has underperformed the market in the last year with a return of +25.2%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in XLU shares. However, XLU has outperformed the market in the last 3 month and 2 week periods, returning +14.3% and +3.0%, while SPY returned +2.9% and +1.7%, respectively. This indicates XLU has been having a stronger performance recently.
XLU support price is $78.50 and resistance is $79.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XLU stock will trade within this expected range on the day.