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Bank of America Turns Bullish On Consumer Discretionary, Bearish on Staples
Monday, August 14, 2023 - 12:31pm | 638Bank of America made a strategic call by upgrading the Consumer Discretionary sector from Underweight to Overweight while simultaneously downgrading Consumer Staples from Marketweight to Underweight. In a note shared Monday by equity analysts, including Savita Subramanian, the key driving force...
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Here Are The Best Sector ETFs And Major Sector-Moving Stocks In April
Saturday, April 29, 2023 - 5:19pm | 893As April draws to a close, it's the right time to look back at how the 11 S&P 500 sector ETFs fared over the month. The market as a whole was only slightly positive for the month, with the SPDR S&P 500 Trust ETF (ARCA: SPY) gaining 1.3%, although there were some...
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Lacking Enthusiasm For Discretionary ETFs
Monday, December 12, 2016 - 9:38am | 458The Consumer Discretionary SPDR (ETF) (NYSE: XLY) and rival discretionary exchange-traded funds often spend some time in the limelight at this time of year simply because it is the holiday shopping season. That is a known seasonal factor but by no means a guarantee of upside to come for XLY and...