RXO and Proto Labs lead industrials quant picks ahead of Q3 earnings.
Context
What happened: Ahead of Q3 earnings, RXO and Proto Labs lead industrials quant picks, per Seeking Alpha. The State Street Industrial Select Sector SPDR ETF (XLI) fell 9.9% in Q3 2026, reversing a roughly 15% Q2 gain.
Key numbers: XLI fell 9.9% in Q3 2026 after a roughly 15% Q2 gain. The S&P 500 rose 2.1% over the same period.
Why it matters: The XLI decline contrasted with the broader S&P 500, which rose 2.1% over the same period, as the picks were made ahead of Q3 earnings.