US Economy Grows At Its Fastest Since 2014
The U.S. economy grew at 4.1% (annualized rate) in Q2 2018 - the fastest pace in four years.
Contributing to the record growth was nonresidential business investment (with 7.3 % growth) and consumer spending (with 4% increase).
The U.S. Commerce Department also revised upwards the previous quarter’s growth figures – Q1 2018’s was 2.2% (up from from previous estimate of 2%). Nomianal GDP as of Q1 topped $20 trillion, per latest estimates by the Department.
On a year-over-year basis, Q2 GDP climbed 2.8%, slightly below U.S. President Donald Trump’s target of 3%.
XLY sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for XLY moved above the 200-day moving average on May 19, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 26, 2023. You may want to consider a long position or call options on XLY as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for XLY just turned positive on May 26, 2023. Looking at past instances where XLY's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
XLY moved above its 50-day moving average on May 05, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XLY advanced for three days, in of 374 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 337 cases where XLY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XLY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
XLY broke above its upper Bollinger Band on June 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category ConsumerDiscretionary
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| WEA | 10.63 | 0.22 | +2.11% |
| Western Asset Premier | |||
| NFRA | 51.70 | 0.27 | +0.52% |
| FlexShares STOXX Global Broad Infras ETF | |||
| CSM | 49.24 | 0.07 | +0.15% |
| ProShares Large Cap Core Plus | |||
| IBHG | 21.66 | 0.03 | +0.14% |
| iShares® iBonds® 2027 Term HY & Inc ETF | |||
| OCTZ | 31.63 | -0.11 | -0.35% |
| TrueShares Structured Outcome OctoberETF | |||
XLY and
Correlation & Price change
A.I.dvisor indicates that over the last year, XLY has been closely correlated with VCR. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if XLY jumps, then VCR could also see price increases.
