Should You Invest in the Materials Select Sector SPDR ETF (XLB)?
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Overview of Materials Select Sector SPDR ETF (XLB): XLB is a passively managed ETF focused on the materials sector, with over $5.56 billion in assets and an expense ratio of 0.09%, making it one of the least expensive options available. It aims to match the performance of the Materials Select Sector Index and has shown a return of approximately 26.77% this year.
Investment Considerations: Investors are encouraged to review the ETF's holdings for transparency, as it primarily invests in materials companies, with Linde Plc being its largest holding at 21.87%. The ETF holds a Zacks ETF Rank of 2 (Buy), indicating strong potential for those seeking exposure to the materials market.
Analyst Views on GNR
Wall Street analysts forecast GNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GNR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 67.760
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Current: 67.760
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
