The Industrial Select Sector SPDR Fund (XLI) has experienced a $247.1 million outflow, a 1.1% decrease week over week. The largest underlying components of XLI, RTX Corp (RTX), GE Vernova Inc (GEV), and Honeywell International Inc (HON), are up 0.1%, 2.1%, and 0.6% respectively. The fund's low point in its 52-week range is $112.75, with a 52-week high of $155.15.
The Industrial Select Sector SPDR Fund (XLI) experienced a $247.1 million outflow, representing a 1.1% decrease week over week. Despite this, the fund's underlying components have shown resilience, with GE Vernova Inc. (GEV) leading the way with a 2.1% gain. GEV's performance aligns with Jim Cramer's bullish comments, as the stock has surged 69% since his prediction in February 2025 [1].
GEV's share price appreciation is largely attributed to its robust Q2 earnings report, which exceeded analyst expectations. The company reported an earnings per share (EPS) of $1.86, compared to the expected $1.63, and achieved a 11.1% year-over-year revenue growth to $9.11 billion [1]. This strong financial performance has driven investor confidence and contributed to the stock's recent gains.
Analysts have also shown optimism towards GEV, with several upgrades to their price targets. Susquehanna increased their price target from $662.00 to $736.00, while TD Cowen raised their target from $390.00 to $685.00, both with positive ratings [2]. The stock's performance is further supported by institutional investor interest, with several notable purchases by firms such as Kaufman Rossin Wealth LLC, Navigoe LLC, EQ Wealth Advisors LLC, IMA Advisory Services Inc., Clarity Asset Management Inc., and Orion Capital Management LLC [2].
As of July 2, 2025, GEV's share price stands at $606.15, up from its 52-week low of $179.19 and a 5-year return of 294.35% [1]. Jim Cramer's optimism about GEV has been justified by the stock's performance, with the company's strong earnings, analyst upgrades, and institutional investor interest driving its share price appreciation.
References:
[1] https://www.ainvest.com/news/ge-vernova-gev-surges-69-reporting-strong-q2-earnings-2508/
[2] https://www.marketbeat.com/instant-alerts/filing-1429-shares-in-ge-vernova-inc-gev-purchased-by-kaufman-rossin-wealth-llc-2025-08-21/
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