Beaten Down Real Estate Stocks Present a Buying Opportunity

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SPDR® S&P 500 뉴스

United States 10-Year,Energy Select Sector SPDR® Fund,Utilities Select Sector SPDR® Fund

Stocks Analysis by James Picerno covering: SPDR® S&P 500, United States 10-Year, Energy Select Sector SPDR® Fund, Utilities Select Sector SPDR® Fund. Read James Picerno's latest article on Investing.com

The upside momentum in the US stock market so far this year continues to be led by rallies in communications services and energy shares, based on a set of ETFs through Monday’s close . Both sectors are outperforming the broad market and their counterparts.) are tied for first place in 2024’s performance run. Each fund is posting a 12.2% year-to-date return. The gains reflect moderate premiums over the broad market’s 9.0% increase this year, based on SPDR S&P 500 ETF , which has fallen 6.

“From where listed REITs are currently priced, I don’t believe the market needs to expect rate cuts for REITs to deliver solid performance,” says Janus Henderson Investors’ Gregory Kuhl. “If the market reaches a solid consensus that rate hikes are off the table, that may be enough to get REITs going. It did seem like Powell took rate hikes off the table , which I think is a positive for REITs.”), which is also interest-rate sensitive, has rallied lately while XLRE has barely moved. XLU is up 9.5% year to date, a gap that suggests sentiment for property shares suffers from more than concerns about competitive Treasury yields.

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