The Industrial Select Sector SPDR ETF (XLI) trades cheaply and industrial companies will benefit from the dollar’s stabilization, said Burt White, Chief Investment Officer for LPL Financial. White added that the S&P 500 has historically performed well in dollar bull markets. He is also positive on the iShares Nasdaq Biotechnology ETF (IBB), saying biotech pipelines remain full and healthcare remains a leading growth sector of the economy. Furthermore, White recommends the Energy Select Sector SPDR ETF (XLE) because it holds the bigger players with strong balance sheets which are buying up distressed players on the cheap. Finally, White recommends the Vanguard Information Technology ETF (VGT), saying the U.S. is on the verge of a major capital expenditure spending spree.
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