The Industrial Select Sector SPDR (NYSE: XLI), the largest exchange traded fund devoted to the industrial sector, is up 4.6 percent year-to-date. That is a middling performance among the sector SPDR ETFs, but definitely an improvement over the 4.3 percent the ETF lost last year.
Recent U.S. factory data falls in the good-but-not-great category and as Caterpillar Inc. (NYSE: CAT) showed on Thursday, betting on big-time earnings beats by XLI constituents probably is not something investors should bet on.
Dow component Caterpillar, the maker of construction and mining equipment, “forecast a first-quarter profit of 50 cents to 55 cents a share on sales of $9.3 billion to $9.4 billion. For the full year, Caterpillar expects to earn $4 a share, excluding costs, on revenue ...
/www.benzinga.com/trading-ideas/long-ideas/16/03/7731765/a-muddled-outlook-for-industrial-etfs alt=A Muddled Outlook For Industrial ETFs>Full story available on Benzinga.com
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