Materials Lead Stocks Higher

The materials sector has lead stocks higher in the most recent upswing that began in late August. TheĀ Materials Select Sector SPDR Fund (XLB), is up 15% since August 26 compared to 11% for the S&P 500 over the same time period.

(click to expand)

Top holdings for XLB include Freeport-McMoRan, DuPont, Dow Chemical and Newmont Mining. Freeport and Newmont have been helped by the strength in gold prices. DuPont continues to beat earnings expectations and Dow Chemical reported 20% sales growth in the most recent quarter as the international commodity and specialty chemical markets continue to recover.

XLB carries a 0.21% expense ratio and a dividend yield of 3.07%.