Amid turmoil developing in the banking sector following the fall of Silvergate Capital’s (SI) Silvergate Bank and with SIVB Bank shares plunging, the Industrials sector is holding its own. The value trade has turned quite bifurcated. The Industrial Select Sector SPDR ETF (XLI) is just a few percentage points from its all-time high as it boasts relative strength against the broad market in the last year.
One high-growth stock in the space, CoStar Group (NASDAQ:CSGP), trades at a high valuation without paying dividends, and I see risks ahead both fundamentally and technically.
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