Overnight, technology stocks pressed the pause button again. The market was hit again by fears of raising interest rates, and the Nasdaq eventually fell by more than 2.3%, ending the rising momentum.
At the same time, Wall Street's shorting of technology stocks has become louder and louder, and most analysts believe that technology stocks that have "dominated" US stocks for a decade will give way to other recent bright-performing industries.
As analysts say, technology stocks are still in deep trouble (the Nasdaq is still down nearly 30% this year), so investors might as well focus on more other industries for the time being. AndIndustrial stocks may be worth stopping and watching.
$Industrial Select Sector SPDR (XLI.US)$It has rebounded 22% since its low on Sept. 30, and the shares of several constituent stocks of the ETF have recently hit new highs.
According to statistics, the top 10 positions in XLI are:
$Raytheon Technologies (RTX.US)$、$Honeywell (HON.US)$
$United Parcel Service (UPS.US)$、$Union Pacific (UNP.US)$
$Caterpillar (CAT.US)$、$Deere (DE.US)$
Among them, Boeing Co shares have rebounded 47.69% since September 30, Caterpillar Inc has rebounded 41%, Honeywell International Inc, Dier shares, Lockheed Martin Corp and General Electric Co have rebounded by 27.39%, 28.12%, 26.67% and 34.96%, respectively.
It is worth mentioning that the above stocks all recorded good gains during the year, and the share prices of Deere, Caterpillar Inc and Lockheed Martin Corp have all recently reached record highs, and Honeywell International Inc and Boeing Co have also achieved new highs in the stock price stage.
Edit / phoebe
