2.2K
Pulled from Benzinga Pro data above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors.
To read more about sector movers, click here.
Gainers Symbol
Name
Price
Change ($)
Change (%)
Volume (NYSE:XLC)
The Communication Services Select Sector SPDR Fund
78.84
0.578
0.73
108 (NYSE:XLK)
SPDR .
What s happening?
I have generally found new issues, or IPOs (initial public offerings) as they are called in the UK, to be an unreliable investment here. In the Far East they were often priced to be a success on the first day, but not so much that they were seen as undervalued.
But in the UK I have found that the greed of the advising banks and brokers over fees often provide generous returns for them and meagre ones for private investors.
This is a gross generalisation but I pass it out as a warning against such sales hype. Actually, with a newly floated business we should look at the longer term prospects of business growth and not as a punt for stags on the opening day.