RXO and Proto Labs lead industrials quant picks ahead of Q3 earnings
The State Street Industrial Select Sector SPDR ETF (XLI) dropped by 9.9% in the third quarter of 2026, reversing a strong performance from the second quarter when it gained about 15%. This decline marked an underperformance compared to the broader S&P 500 Index, which rose by 2.1% during Q3. RXO and Proto Labs are highlighted as top quantitative picks within the industrials sector ahead of their upcoming third-quarter earnings reports. The performance divergence between XLI and the overall market suggests potential challenges in the industrial segment or specific stock-level issues affecting ETF constituents. Investors may be closely watching these companies for signs of recovery, with expectations that strong Q3 results could help reverse the downward trend.
Tickers: $XLI
Topics: ETF performance Q3 results S&P 500 Index
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