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We have little exposure to the material sector (with the exception of gold miners) and we are underweight energy.
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The slow pace of economic recovery in the U.S. remains a primary challenge for the materials sector, but with third-quarter earnings season underway a number of analysts believe the longer-term trend in the space will be a positive one.
Shares in companies in the materials sector declined 3 percent, with Alcoa down 6.6 percent, to $9.58, and U.S. Steel more than 6 percent at $22.98.
The materials sector partied on Tuesday, with the Materials Select Sector SPDR (amex: XLB) gaining more than 4.5%.
Another booster of technology is Standard & Poor's, which upgraded the information technology sector to "overweight" today, along with the materials sector.
In this paper, applications in the materials sector are presented including the design of polymer nanotube composites, resins with particular property profiles sensor materials and fuel cell catalysts.
The S.& P. materials sector advanced 1 percent.
The S.& P.'s energy sector index rose 1.3 percent and its materials sector index was up 1.2 percent.
Another materials sector buy: Phelps Dodge.
The Materials Select Sector SPDR is the exchange-traded fund that tracks the performance of the materials sector.
EWZ is very much oriented toward the energy and materials sector and trades very similarly to the materials global sector ETF (nyse: MXI).
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CEO of Professional Science Editing for Scientists @ prosciediting.com