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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
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Breaking Resistance: XLI Signals Industrial Sector Shift

Industrial Select Sector SPDR Fund (<a href=NYSE: XLI) stock price " width="1000" height="667">

The Industrial Select Sector SPDR Fund (NYSE: XLI) recently broke above two critical resistance levels, indicating a shift in the industrial sector. The breakout has gone relatively unnoticed, as the attention remains on other key sectors and industries. However, with critical levels of resistance being taken out, investors should take notice of the industrial sector, specifically the XLI.

The XLI is an ETF that seeks to provide investment results that generally correspond to the performance of publicly traded companies in the industrial select sector index. The index includes companies from several industries, like machinery, freight and logistics, aerospace and defense, industrial conglomerates, and more.

The Recent Performance of XLI

XLI stock chart


Until recently, the XLI had been rangebound since the start of the year. However, after breaking above the channel's resistance, the ETF is now up 7.37% YTD and 23.25% over the last year. XLI has already gained 5.43% in June alone. While that YTD figure pales in comparison to the overall market, industrials' recent strength and outperformance warrant a closer look.

The convergence of key moving averages and contraction of the range in XLI created a good consolidation leading to a breakout pattern. At the beginning of June, the ETF broke above the first key area of resistance, around $100, and gained momentum into the following key area of $104. XLI had no trouble breaking above $104 and has since held above that critical zone, turning resistance into newfound support. Participants will be looking for that level to continue to act as support going forward. Based on the chart above, the next resistance level will be $108.

Of course, when considering an investment of participation in a sector-specific ETF like XLI, it is essential to analyze more than just the chart. Monitoring the top-weighted holdings is crucial since they significantly impact the performance of the ETF.

Three Top Holdings

XLI top 3 holdings

Raytheon Technologies (NYSE: RTX) is the ETF top holding with a weighting of 4.98%. RTX has a Moderate Buy rating based on 11 analyst ratings and a predicted upside of 14.46% based on the consensus PT of $111.88. The company has a P/E of 26.06 and a dividend yield of 2.41%. The stock has an RSI of 52.85, indicating it is neither oversold nor overbought but trading moderately. RTX is trading in the middle of a higher timeframe channel, with support near $92 and resistance at $102.

Honeywell International (NASDAQ: HON) is the second largest holding with a 4.54% allocation. Analysts predict a 5.71% upside in the name based on a consensus PT of $214.56. The stock has a Hold rating based on 14 analyst ratings. HON has a P/E of 26.36 and a dividend yield of 2.03%. Although red YTD, shares have gained close to 10% over the last three months and recently broke above a critical level of resistance at $200.

If the stock can base over $200 and continue upwards, it could signal a key shift in momentum and contribute to further upside in the overall sector and ETF.

United Parcel Services (NYSE: UPS) is the third largest holding of XLI, with a current allocation of 4.44%. UPS has a Moderate Buy rating based on 24 analyst ratings and a predicted upside of 7.08% based on the consensus PT of $191.23. The stock has an attractive value P/E of 14.45 and a dividend yield of 3.63%. YTD, UPS is up 2.73%, thanks to its solid performance over the past month, gaining 4.41%.

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