An ‘under-the-radar’ sector traders are watching as U.S. acts in Venezuela
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) NYSE insider Jay Woods is keeping a close eye this week on one particular sector that could see continued momentum as the U.S. escalates its action in Venezuela. Woods, chief market strategist at Freedom Capital Markets, said that an “under-the-radar” sector he’s watching is material stocks, represented by the XLB exchange-traded fund . Materials stocks are affected by low prices in crude, Woods said, and are now breaking out. (Watch full video above.) Woods, a CNBC contributor, touches on these topics in the exclusive video: Why the Venezuela conflict is also a tailwind for the energy sector, including the XLE exchange-traded fund . Similarly, the military action will also benefit defense stocks, and the ITA exchange-traded fund , which had breakout on Friday. How this Friday’s January jobs report could either incite or dampen the case for an interest rate cut at this month’s FOMC meeting. Why he’s paying attention to Intel in particular at this week’s Consumer Electronics Show, the annual tech show held in Las Vegas. (This weekly Monday video is exclusively for CNBC PRO subscribers.)
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