JEDI is trading 4.89% up today, driven primarily by its 54.1% industrials allocation as investors favor economically sensitive and infrastructure-linked companies.
- Caterpillar’s second-quarter results reinforced industrial momentum, with adjusted EPS of $8.17 versus $6.25 expected and revenue of $20.54 billion.
- July employment and resilient manufacturing data supported cyclical sentiment, while broader technology strength added to the move.
- The catalyst is sector-wide rather than tied to a single technology holding.