We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights Invesco DWA Technology Momentum ETF, Strive U.S. Semiconductor ETF, Invesco PHLX Semiconductor ETF, VanEck Vectors Semiconductor ETF and ARK Genomic Revolution ETF
Read MoreHide Full Article
For Immediate Release
Chicago, IL – August 21, 2024 – Zacks.com announces the list of stocks and ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog include: Invesco DWA Technology Momentum ETF (PTF - Free Report) , Strive U.S. Semiconductor ETF (SHOC - Free Report) , Invesco PHLX Semiconductor ETF (SOXQ - Free Report) , VanEck Vectors Semiconductor ETF (SMH - Free Report) and ARK Genomic Revolution ETF (ARKG - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
5 Technology ETFs at the Forefront of the August Rebound
Wall Street roared back after a sell-off early in the month as fears of recession eased. The S&P 500 and the Nasdaq Composite Index extended their winning streak to eight consecutive sessions, the longest in 2024. The Dow Jones Industrial Average notched its fifth straight daily gain. The surge recouped all the losses of the early August sell-off. Notably, the last week ushered in the biggest gains for the three major indexes this year (read: Stocks Log Best Week of the Year: Winning ETFs).
The technology sector, which bore the biggest brunt, rebounded strongly and once again led the market over the past week. That said, we have highlighted five technology ETFs that have been leading the way higher over the past week.
Inside the Rebound
The latest bouts of data signal a resilient economy, rekindling investors’ confidence in the stock market. Consumer sentiment rebounded in August for the first time in five months. It held up better than expected in July, with retail sales rising 1%. Meanwhile, annual inflation growth in July slowed to its lowest level since March 2021 while the core inflation dropped to the lowest since April 2021. This indicates that inflation is easing.
Additionally, the bets that the Fed will cut interest rates in September have been leading to risk-on trade. According to the latest CME FedWatch tool, traders have been pricing in a 72% chance the Fed will reduce rates by 0.25% at the September meeting and 28% odds of a 0.50% cut. When the Fed starts cutting rates, technology stocks will receive a boost. As the tech sector relies on borrowing for superior growth, borrowing more money for further initiatives is cheaper when interest rates are low (read: Will Tech ETFs See Further Selloffs?).
The artificial intelligence (AI) boom will continue to fuel the rally in the tech sector as the expansion of AI applications holds the promise of ushering in fresh opportunities for growth within the sector and beyond.
ETFs at the Forefront
Invesco DWA Technology Momentum ETF – Up 14.9%
Invesco DWA Technology Momentum ETF offers exposure to 36 tech companies that are showing relative strength (momentum) by tracking the Dorsey Wright Technology Technical Leaders Index. Semiconductor & Equipment takes the largest share at 38.4%, followed by software (30.4%) and diversified telecom services (10.4%). Invesco DWA Technology Momentum ETF is relatively illiquid and unpopular, with AUM of $443.7 million. It charges 60 bps in annual fees and has a Zacks ETF Rank #1 (Strong Buy).
Strive U.S. Semiconductor ETF – Up 12.2%
Strive U.S. Semiconductor ETF seeks broad market exposure to the U.S. semiconductor sector. It follows the Bloomberg US Listed Semiconductors Select Total Return Index and holds 32 stocks in its basket. Strive U.S. Semiconductor ETF has AUM of $80.4 million and charges 40 bps in annual fees. It trades in a volume of 50,000 shares per day on average and has a Zacks ETF Rank #2 (Buy).
Invesco PHLX Semiconductor ETF – Up 10.7%
Invesco PHLX Semiconductor ETF offers the largest U.S.-listed securities of companies engaged in the semiconductor business. It tracks the PHLX Semiconductor Sector Index, holding 30 stocks in its basket. Invesco PHLX Semiconductor ETF has accumulated $503.7 million in its asset base. It charges 19 bps in annual fees and trades in an average daily volume of 485,000 shares. SOXQ has a Zacks ETF Rank #1.
VanEck Vectors Semiconductor ETF – Up 10.7%
VanEck Vectors Semiconductor ETF offers exposure to companies involved in semiconductor production and equipment. SMH follows the MVIS US Listed Semiconductor 25 Index, which measures the overall performance of companies involved in semiconductor production and equipment. It holds 26 stocks in its basket. VanEck Vectors Semiconductor ETF has managed assets worth $23.1 billion and charges 35 bps in annual fees and expenses. SMH is heavily traded with a volume of 9 million shares per day and has a Zacks ETF Rank #1 (Strong Buy), with a High risk outlook (read: Semiconductor ETFs Bear the Brunt of Market Rout).
ARK Genomic Revolution ETF – Up 10.6%
ARK Genomic Revolution ETF is an actively managed fund focused on companies that are likely to benefit from extending and enhancing the quality of human and other life by incorporating technological and scientific developments, and advancements in genomics into their business. With an AUM of $1.4 billion, ARK Genomic Revolution ETF holds 39 stocks in its basket and its expense ratio is 0.75%.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights Invesco DWA Technology Momentum ETF, Strive U.S. Semiconductor ETF, Invesco PHLX Semiconductor ETF, VanEck Vectors Semiconductor ETF and ARK Genomic Revolution ETF
For Immediate Release
Chicago, IL – August 21, 2024 – Zacks.com announces the list of stocks and ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog include: Invesco DWA Technology Momentum ETF (PTF - Free Report) , Strive U.S. Semiconductor ETF (SHOC - Free Report) , Invesco PHLX Semiconductor ETF (SOXQ - Free Report) , VanEck Vectors Semiconductor ETF (SMH - Free Report) and ARK Genomic Revolution ETF (ARKG - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
5 Technology ETFs at the Forefront of the August Rebound
Wall Street roared back after a sell-off early in the month as fears of recession eased. The S&P 500 and the Nasdaq Composite Index extended their winning streak to eight consecutive sessions, the longest in 2024. The Dow Jones Industrial Average notched its fifth straight daily gain. The surge recouped all the losses of the early August sell-off. Notably, the last week ushered in the biggest gains for the three major indexes this year (read: Stocks Log Best Week of the Year: Winning ETFs).
The technology sector, which bore the biggest brunt, rebounded strongly and once again led the market over the past week. That said, we have highlighted five technology ETFs that have been leading the way higher over the past week.
Inside the Rebound
The latest bouts of data signal a resilient economy, rekindling investors’ confidence in the stock market. Consumer sentiment rebounded in August for the first time in five months. It held up better than expected in July, with retail sales rising 1%. Meanwhile, annual inflation growth in July slowed to its lowest level since March 2021 while the core inflation dropped to the lowest since April 2021. This indicates that inflation is easing.
Additionally, the bets that the Fed will cut interest rates in September have been leading to risk-on trade. According to the latest CME FedWatch tool, traders have been pricing in a 72% chance the Fed will reduce rates by 0.25% at the September meeting and 28% odds of a 0.50% cut. When the Fed starts cutting rates, technology stocks will receive a boost. As the tech sector relies on borrowing for superior growth, borrowing more money for further initiatives is cheaper when interest rates are low (read: Will Tech ETFs See Further Selloffs?).
The artificial intelligence (AI) boom will continue to fuel the rally in the tech sector as the expansion of AI applications holds the promise of ushering in fresh opportunities for growth within the sector and beyond.
ETFs at the Forefront
Invesco DWA Technology Momentum ETF – Up 14.9%
Invesco DWA Technology Momentum ETF offers exposure to 36 tech companies that are showing relative strength (momentum) by tracking the Dorsey Wright Technology Technical Leaders Index. Semiconductor & Equipment takes the largest share at 38.4%, followed by software (30.4%) and diversified telecom services (10.4%). Invesco DWA Technology Momentum ETF is relatively illiquid and unpopular, with AUM of $443.7 million. It charges 60 bps in annual fees and has a Zacks ETF Rank #1 (Strong Buy).
Strive U.S. Semiconductor ETF – Up 12.2%
Strive U.S. Semiconductor ETF seeks broad market exposure to the U.S. semiconductor sector. It follows the Bloomberg US Listed Semiconductors Select Total Return Index and holds 32 stocks in its basket. Strive U.S. Semiconductor ETF has AUM of $80.4 million and charges 40 bps in annual fees. It trades in a volume of 50,000 shares per day on average and has a Zacks ETF Rank #2 (Buy).
Invesco PHLX Semiconductor ETF – Up 10.7%
Invesco PHLX Semiconductor ETF offers the largest U.S.-listed securities of companies engaged in the semiconductor business. It tracks the PHLX Semiconductor Sector Index, holding 30 stocks in its basket. Invesco PHLX Semiconductor ETF has accumulated $503.7 million in its asset base. It charges 19 bps in annual fees and trades in an average daily volume of 485,000 shares. SOXQ has a Zacks ETF Rank #1.
VanEck Vectors Semiconductor ETF – Up 10.7%
VanEck Vectors Semiconductor ETF offers exposure to companies involved in semiconductor production and equipment. SMH follows the MVIS US Listed Semiconductor 25 Index, which measures the overall performance of companies involved in semiconductor production and equipment. It holds 26 stocks in its basket. VanEck Vectors Semiconductor ETF has managed assets worth $23.1 billion and charges 35 bps in annual fees and expenses. SMH is heavily traded with a volume of 9 million shares per day and has a Zacks ETF Rank #1 (Strong Buy), with a High risk outlook (read: Semiconductor ETFs Bear the Brunt of Market Rout).
ARK Genomic Revolution ETF – Up 10.6%
ARK Genomic Revolution ETF is an actively managed fund focused on companies that are likely to benefit from extending and enhancing the quality of human and other life by incorporating technological and scientific developments, and advancements in genomics into their business. With an AUM of $1.4 billion, ARK Genomic Revolution ETF holds 39 stocks in its basket and its expense ratio is 0.75%.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.