Sector Winners and Losers week ending 10/23
This week it was all about Communication Services (XLC) with the positive earnings beat from Snap (SNAP) driving growth in many of the social platform company stock prices.
Utilities (XLU) continues to be a safe bet for investors as a sector that is consistently performing well over the past few weeks.
Financials (XLF) also had a great week as bond yields are increasing which is usually a good sign for performance of banking stocks.
Consumer Discretionary (XLY) started the week on top but backed off a bit before coming back with some good gains on Friday.
Energy (XLE) had a huge Thursday that put it at the top of the the sectors, but it could not hold the lead, backing off a bit on Friday.
It's not often that we find Technology (XLK) at the bottom of the list for weekly sector performance. Keep an eye on it as many technology companies will have earnings in the next two weeks.
Utilities (XLU) continues to be a safe bet for investors as a sector that is consistently performing well over the past few weeks.
Financials (XLF) also had a great week as bond yields are increasing which is usually a good sign for performance of banking stocks.
Consumer Discretionary (XLY) started the week on top but backed off a bit before coming back with some good gains on Friday.
Energy (XLE) had a huge Thursday that put it at the top of the the sectors, but it could not hold the lead, backing off a bit on Friday.
It's not often that we find Technology (XLK) at the bottom of the list for weekly sector performance. Keep an eye on it as many technology companies will have earnings in the next two weeks.
Website: drewby.com
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
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