The summer months are starting to wind down, yet the investment conference schedule is still in full swing. One conference that should offer some interesting perspective on economic conditions is the Jefferies Industrials Conference, which begins Monday.
Jefferies Industrials Conference 2017 (Monday, August 7 - Wednesday, August 9)
- Why it's important
- Synchronized global growth has been one of the stock market's driving narratives. Industrial companies would presumably be in a good spot to reinforce that narrative or temper some of the enthusiasm surrounding it.
- This conference will feature 160 participating companies spanning the aerospace/defense, automotive/transportation, building products/materials, chemicals, diversified industrials, emerging/sustainable technologies, engineering/construction, machinery, mining, paper/packaging, steel/metals/mining sectors.
- The industrials sector is the fifth largest sector in the S&P 500 with a 10% weighting and significant institutional ownership. Accordingly, it has the influence to be a market mover.
- The industrials sector has underperformed the market this year with an 8.8% gain versus a 10.5% gain for the S&P 500. Commentary out of the conference could help close that performance gap or widen it.
- A closer look
- What's in play?
- Industrial Select Sector SPDR Fund (XLI)
- iShares U.S. Aerospace & Defense ETF (ITA)
- Vanguard Industrials ETF (VIS)
- First Trust Industrials/Producer Durables AlphaDEX Fund (FXR)
- iShares U.S. Industrials (IYJ)
- iShares Transportation Average (IYT)
- Materials Select Sector SPDR Fund (XLB)
- Vanguard Materials ETF (VAW)
- iShares U.S. Basic Materials ETF (IYM)
- SPDR Dow Jones Industrial Average ETF (DIA)