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Tuesday Sector Laggards: Materials, Industrial
Tuesday, April 24, 2:33 PM ET, by Market News Video Staff

The worst performing sector as of midday Tuesday is the Materials sector, showing a 3.1% ...

Notable Tuesday Option Activity: BAC, UTX, PI
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...

Praxair Breaks Below 200-Day Moving Average - Notable for PX
Tuesday, April 24, 3:56 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Praxair Inc (PX) crossed below their 200 day moving ...

Materials Select Sector SPDR Fund (XLB) Shares Cross Below 200 DMA
Tuesday, April 24, 4:05 PM ET, by Market News Video Staff

In trading on Tuesday, shares of the Materials Select Sector SPDR Fund ETF (XLB) crossed ...

Notable Two Hundred Day Moving Average Cross - FCX
Tuesday, April 24, 4:12 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Freeport-McMoran Copper & Gold (FCX) crossed below their 200 ...

Shares of XLB and DD Fall Despite Positive Remarks From Bank of America

By Market News Video Staff, Wednesday, October 27, 11:23 AM ET
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Shares of the Materials Select Sector SPDR ETF (NYSE:XLB) are trading lower on Wednesday morning despite positive news regarding EI DuPont de Nemours & Co. (DD). DuPont saw its price target and EPS estimates raised at Bank of America follwoing strong third quarter results earlier in the week. Bank of America increased its price target to $54 per share and upped its 2010 and 2011 earnings estimates to $3.13 and $3.45, respectively. Despite the news, shares of DuPont were heading lower as was the Materials Select Sector SPDR ETF.

DuPont is the second largest holding of XLB, making up 10.2% of the total portfolio. With a 10.8% weighting, Freeport McMoran Copper and Gold (NYSE:FCX) remains the top holding of this ETF.


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