Stocks were down on average during the two-month lead-up to election day
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Market Performance Before Elections: The S&P 500, small-caps, and mid-caps experienced average declines of 4.3%, 4.2%, and 3.9% respectively in the two months leading up to election day, with real estate and information technology sectors showing the most underperformance.
Post-Election Recovery: Following election day, all market caps were down an average of 0.8%, but one month later, large caps rose by 1.4%, mid-caps by 3.9%, and small caps by 5.2%.
Analyst Views on XLU
Wall Street analysts forecast XLU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLU 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: 43.020
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Current: 43.020
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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.
