Both appear to be very overbought, so the question is what happens when they slow down? Do we rotate back into the high growth areas? Or when they falter do the indexes finally give up the ghost? Stay tuned.
SPDR Health Care (XLV)
[average market cap $74 Billion]
TOP HOLDINGS
Company name | % Net assets |
---|---|
Johnson & Johnson | 12.82% |
Pfizer Inc. | 11.95% |
Merck & Co, Inc. | 7.91% |
Abbott Laboratories | 4.87% |
Unitedhealth Group, Inc. | 3.87% |
Amgen, Inc. | 3.78% |
Bristol-Myers Squibb Company | 3.43% |
Medtronic, Inc. | 3.20% |
Eli Lilly and Company | 2.69% |
Baxter International Inc. | 2.39% |
Percentage of holdings 56.91% |
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SPDR Consumer Staples (XLP)
[average market cap $89 Billion]
TOP HOLDINGS
Company name | % Net assets |
---|---|
Procter & Gamble Company | 14.41% |
Philip Morris International, Inc. | 9.90% |
Wal-Mart Stores, Inc. | 8.54% |
Coca-Cola Company | 7.19% |
Kraft Foods, Inc. | 4.66% |
Altria Group Inc. | 4.45% |
CVS Caremark Corp | 4.40% |
PepsiCo, Inc. | 4.35% |
Colgate-Palmolive Company | 3.61% |
Walgreen Company | 3.31% |
Percentage of holdings 64.82% |
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As an aside, while the other two sectors broke out beginning mid March, another defensive group - Utilities (XLU) - has also taken off in the past few weeks.
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