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#Xlf

Schaeffer's Investment Research

Can Bank Stocks Stick the Landing in 2021?

Lost in the headlines of the energy sector breakout is the quietly brilliant year bank stocks have had. At last check, the Financial Select Sector SPDR Fund (XLF) exchange traded fund (ETF) is up 30% year-to-date, the fourth-highest return of the ETF's we track. Financials got their latest leg-up after a string of encouraging third-quarter earnings results; per AP, "four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has helped reduce the number of loans in default or that the bank won’t likely recoup." Can the resurgent sector stick the landing in 2021?
STOCKS
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Sector Update: Financial Stocks Ending Little Changed After Afternoon Markets Selloff

Financial stocks were narrowly mixed late in afternoon trading, with the NYSE Financial Index rising 0.1% while the SPDR Financial Select Sector ETF (XLF) was slipping 0.4%. The Philadelphia Housing Index still was climbing 1.0% but the SPDR Real Estate Select Sector ETF (XLRE) was sinking 0.3%. Bitcoin was 0.7%...
STOCKS
TRENDING TOPICS
investorsobserver.com

Sector Update: Financial Stocks Finishing Close to Intraday Lows

Financial stocks were finishing close to their worst levels of afternoon trading, with the NYSE Financial Index dropping 2.0% while the SPDR Financial Select Sector ETF (XLF) was off 2.2%. The Philadelphia Housing Index was falling 1.7% and the SPDR Real Estate Select Sector ETF (XLRE) was down 1.4% after...
STOCKS
arxiv.org

Consistent analysis of the AGN LF in X-ray and MIR in the XMM-LSS field

Jack Runburg, Duncan Farrah, Anna Sajina, Mark Lacy, Jenna Lidua, Evanthia Hatziminaoglou, W.N. Brandt, Chien-Ting J. Chen, Kristina Nyland, Raphael Shirley, D.L. Clements, Lura K. Pitchford. The luminosity function (LF) of active galactic nuclei (AGN) probes the history of supermassive black hole assembly and growth across cosmic time. To mitigate...
ASTRONOMY
investorsobserver.com

Sector Update: Financial Stocks Gain, But Lag Broader Markets

Financial stocks were advancing in afternoon trading, with the NYSE Financial Index rising 0.6% while the SPDR Financial Select Sector ETF (XLF) was ahead 0.7%. The Philadelphia Housing Index also was climbing 0.5% and the SPDR Real Estate Select Sector ETF (XLRE) was up 1.6% after data showed a 7.5% increase in pending home sales during October, well ahead of the 0.8% increase forecast in a Bloomberg survey.
STOCKS
wallstreetwindow.com

Financial ETF Sector XLF Pullback Sets Up A New $43.60 Upside Target – Chris Vermeulen

He recent downward price rotation in the Financial Sector ETF (XLF) may have frightened some traders. My research, however, suggests this move is setting up a future bullish price target near $43.60 – a more than +11% move. The end of the year Christmas Rally phase of the markets should drive spending and Q4:2021 expectations powerfully into the first quarter of 2022. Unless something big breaks this market trend, traders should continue to expect a “melt-up” bullish price trend through at least early January 2022.
STOCKS
Seekingalpha.com

Companies in no rush to buy back stock ahead of potential tax hike

Stock buybacks are running at a typical pace this month, despite the risk of a proposed 1% tax on share repurchases, BofA Securities says. In its weekly report on client flows, BofA says company stock purchases in the first three weeks of November are about 10% of total buybacks for the years, similar to previous years save for 2020.
STOCKS
investmacro.com

Financial ETF Sector XLF Pullback Sets Up A New $43.60 Upside Target

– The recent downward price rotation in the Financial Sector ETF (XLF) may have frightened some traders. My research, however, suggests this move is setting up a future bullish price target near $43.60 – a more than +11% move. The end of the year Christmas Rally phase of the markets should drive spending and Q4:2021 expectations powerfully into the first quarter of 2022. Unless something big breaks this market trend, traders should continue to expect a “melt-up” bullish price trend through at least early January 2022.
STOCKS
DailyFx

S&P 500 Retreats Despite Powell’s Renomination, XLF Gains as U.S. Yields Soar

Despite the weak performance at the index level, financial sector stocks climbed across the board, particularly lending institutions, whose shares tend to benefit from the uptrend in interest rates.As such, large banks such as JPMorgan, Bank of America and Wells Fargo posted strong gains at the start of the week, pushing the XLF ETF 1.4% higher after the closing bell.
STOCKS
etftrends.com

Powell’s Reappointment Is a Boon for Financial ETFs

Financial sector exchange traded funds rallied Monday as bankers, and industry leaders welcomed President Joe Biden’s nomination of Federal Reserve Chair Jerome Powell for a second four-year term. On Monday, the Financial Select Sector SPDR (NYSEArca: XLF) increased 2.0%, Fidelity MSCI Financials Index ETF (NYSEArca: FNCL) advanced 1.9%, iShares U.S....
MARKETS
investorsobserver.com

Sector Update: Financial Stocks Mixed Ahead of Wednesday Close

Financial stocks were mixed in afternoon trading, with the NYSE Financial Index rising 0.3% while the SPDR Financial Select Sector ETF (XLF) was off 0.1%. The Philadelphia Housing Index was falling 0.2% although the SPDR Real Estate Select Sector ETF (XLRE) was rising 1.3%. Bitcoin was 0.8% lower at $57,000...
STOCKS
investorsobserver.com

Sector Update: Financial Stocks Padding Gains Ahead of Tuesday's Close

Financial stocks extended Tuesday's gains late in the session, with the NYSE Financial Index rising 1% and the Financial Select Sector SPDR ETF (XLF) advancing 1.5%. The Philadelphia Housing Sector Index fell 0.5%, while Real Estate Select Sector SPDR ETF (XLRE) gained 1.3%. Bitcoin was 2.3% higher at $57,478. The...
STOCKS
investorsobserver.com

Sector Update: Financial Stocks, Dollar Strengthen Monday After Biden Nominates Powell for Second Term as Fed Chair

Financial stocks extended their prior advance in afternoon trading, with the NYSE Financial Index rising 1.0% while the SPDR Financial Select Sector ETF (XLF) was 2.1% higher. The Philadelphia Housing Index was adding 0.6% and the SPDR Real Estate Select Sector ETF (XLRE) was climbing 0.1% after the National Association of Realtors reported a surprise 0.8% increase in existing-home sales during October.
STOCKS
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