With Friday being the last trading day of October, now is the time to start preparing for November and that preparation includes identifying sector exchange traded funds that have a propensity for performing well in the fourth quarter.
Another strategy is to stick with a sector ETF that has been durable for most of this year. The Consumer Discretionary Select Sector SPDR (NYSE: XLY), the largest consumer discretionary ETF, fits the bill. Entering Friday, XLY sports a 12 percent year-to-date gain, the best among the nine sector SPDR ETFs.
That is to say XLY has earned its place as S&P Capital IQ's focus ETF of the month for November.
"Sam Stovall, US equity strategist for S&P Capital IQ, thinks the consumer discretionary sector can benefit from a low unemployment rate and should face a minor impact from small and well-telegraphed Fed funds rate increases. Further he points ...
/www.benzinga.com/trading-ideas/long-ideas/15/10/5951718/a-leading-sector-etf-for-november alt=A Leading Sector ETF For November>Full story available on Benzinga.com
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