As materials stocks build on their gains, one investing professional is getting even more constructive on the space.
"We're positive on a number of these stocks that are in XLB," Rosenbluth, who runs ETF and mutual fund research at his firm, told CNBC's "ETF Edge" on Monday."This is ... a concentrated portfolio — 70% is within the top 10 holdings — but we at CFRA have strong buy or buy recommendations on many of them."
"We think this is a good way to play the materials theme," he said."I think investors are comfortable taking risk on with the Fed on pause where they are, [with] global economies doing well enough. I think investors are comfortable taking on a more cyclical slant." "They're both performing in line year to date," he said of the Materials Select Sector SPDR Fund and its smaller, equal-weighted counterpart, the Invesco S&P 500 Equal Weight Materials ETF.
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Fuente: CNN - 🏆 4. / 95 Leer más »