FIDU

Wells Fargo upgrades Industrials and Banks as the broader markets struggle

Wells Fargo upgrades Industrials and Banks as the broader markets struggle. The bank says it has made a strategic adjustment to its portfolio to align with current market conditions. Wells Fargo says it upgraded both the industrials sector and banking sector. The two sectors have seen recent price action in recent months.

PRN: Industrials Dashboard For July

Weekly Report: what happened at FIDU last week (0715-0719)?

Philly Fed Manufacturing Index: Activity Expands In July

July Philadelphia Fed manufacturing index rose to 13.9, above forecast, showing overall expansion in manufacturing activity. Philly Fed's monthly survey of manufacturers in the Third Federal Reserve District indicates business conditions in the region. Future indicators suggest widespread expectations for growth over the next six months. The index remained in positive territory for a sixth straight month.

FIDU ETF: Lags Its Larger Peer, And Conditions Are Not Too Alluring

Fidelity MSCI Industrials Index ETF provides low-cost access to US industrial stocks across the market-cap spectrum. The FIDU ETF: Lags Its Larger Peer, And Conditions Are Not Too Alluring. The Industrial Select Sector SPDR® Fund ETF has underperformed over the past year. Market conditions for industrial stocks look mixed, valuations are not cheap and technicals are not alluring.

Empire State Manufacturing Survey: Activity Continued To Decline Modestly In July

Empire Fed Contraction Streak

Weekly Report: what happened at FIDU last week (0708-0712)?