Browsing: ARCAXLE
Bank Of America Warns Energy Could Be ‘Cheap For A Reason,’ Highlights Utilities As Defensive Play – SPDR Select Sector Fund – Energy Select Sector (ARCA:XLE), SPDR Select Sector Fund – Utilities (ARCA:XLU)
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Bank of America has reshuffled its sector outlooks, raising Utilities to “overweight” while downgrading Energy to “market-weight.” The changes come…