Industrial stocks and exchange-traded funds have been duds. Over the past year, the Industrial Select Sector SPDR Fund (NYSE: XLI), the largest industrial ETF is down 9.3 percent, a loss that is more than double that of the S&P 500 over the same period.
For the six-year period ending 2015, XLI outperformed the S&P 500 just twice. Over the past year, 11 members of the Dow Jones Industrial Average are off at least 10 percent; three are marquee members of XLI's lineup: Boeing Co (NYSE: BA), Caterpillar Inc. (NYSE: CAT) and United Technologies Corp. (NYSE: UTX).
“The shale oil & gas revolution is contributing to a manufacturing renaissance that has resulted in rising ...
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