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The Zacks Analyst Blog Highlights: Cambria Emerging, Innovator IBD, Solar ETF, iShares PHLX and iShares Dow Jones
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For Immediate Release
Chicago, IL – March 28, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Cambria Emerging Shareholder Yield ETF (EYLD - Free Report) , Innovator IBD 50 Fund ETF (FFTY - Free Report) , Solar ETF Guggenheim (TAN - Free Report) , iShares PHLX Semiconductor ETF (SOXX - Free Report) and iShares Dow Jones U.S. Technology (IYW - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Wall Street Recoups on Fading Trade Fears: ETF Winners
Last week was the worst for Wall Street in more than two years thanks to fears of a trade war. This was because President Donald Trump signed an executive memorandum to levy tariffs worth about $60 billion against China for intellectual property theft last week.
In retaliation, China has proposed a list of 128 U.S. products worth $3 billion as potential retaliation targets. As a result, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite Index slid 5.7%, 5.9% and 6.5%, respectively, last week (read: Wall Street Sees Worst Week in 2 Years: ETF Winners & Losers).
However, the broader market recovered on news that China and the United States have agreed to have a word so that the latter can have wider access to the markets of the other. The Trump administration reportedly asked China to lower tariffs on U.S. automobiles, buy more U.S. semiconductors, and provide more American access to China’s financial sector.
Dow, S&P 500 Records Most Single-Day Gains Since 2015
With signs of retreating trade tension, U.S. stocks registered their largest single-day percentage gains since August 2015. Major indexes recovered almost half of their losses from last week. The Dow Jones Based fund and the S&P 500-based fundgained about 2.8%, respectively, and the Nasdaq-based fund advanced more than 3.7% on Mar 26. Technology and financials drove the rally.
Top ETF Winners
Below we highlight a few ETFs that led the rally to start this week. Winners were global with stocks of two concerned countries deserving maximum attention.
The underlying IBD 50 Index is a weekly, rules-based, computer-generated stock index that looks to identify the current top 50 growth stocks. The fund targets companies that are generating solid profit growth, big sales increases, wide profit margins and a high return on equity.
The underlying Dow Jones U.S. Technology Index includes companies in the following sectors: software and computer services and technology hardware and equipment. The index is capitalization-weighted and includes only companies in the technology industry of the Dow Jones U.S. Total Market Index (read: Are FB & EU Casting Cloud Over Silicon Valley and These ETFs?).
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 >>
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Cambria Emerging, Innovator IBD, Solar ETF, iShares PHLX and iShares Dow Jones
For Immediate Release
Chicago, IL – March 28, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Cambria Emerging Shareholder Yield ETF (EYLD - Free Report) , Innovator IBD 50 Fund ETF (FFTY - Free Report) , Solar ETF Guggenheim (TAN - Free Report) , iShares PHLX Semiconductor ETF (SOXX - Free Report) and iShares Dow Jones U.S. Technology (IYW - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Wall Street Recoups on Fading Trade Fears: ETF Winners
Last week was the worst for Wall Street in more than two years thanks to fears of a trade war. This was because President Donald Trump signed an executive memorandum to levy tariffs worth about $60 billion against China for intellectual property theft last week.
In retaliation, China has proposed a list of 128 U.S. products worth $3 billion as potential retaliation targets. As a result, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite Index slid 5.7%, 5.9% and 6.5%, respectively, last week (read: Wall Street Sees Worst Week in 2 Years: ETF Winners & Losers).
However, the broader market recovered on news that China and the United States have agreed to have a word so that the latter can have wider access to the markets of the other. The Trump administration reportedly asked China to lower tariffs on U.S. automobiles, buy more U.S. semiconductors, and provide more American access to China’s financial sector.
Dow, S&P 500 Records Most Single-Day Gains Since 2015
With signs of retreating trade tension, U.S. stocks registered their largest single-day percentage gains since August 2015. Major indexes recovered almost half of their losses from last week. The Dow Jones Based fund and the S&P 500-based fundgained about 2.8%, respectively, and the Nasdaq-based fund advanced more than 3.7% on Mar 26. Technology and financials drove the rally.
Top ETF Winners
Below we highlight a few ETFs that led the rally to start this week. Winners were global with stocks of two concerned countries deserving maximum attention.
Cambria Emerging Shareholder Yield ETF – Up 5.12%
The underlying index includes stocks in emerging market countries with high cash distribution characteristics. The fund yields 2.69% annually (read: Shareholder Yield: A Better Approach for Dividend Investors?).
Innovator IBD 50 Fund ETF – Up 4.53%
The underlying IBD 50 Index is a weekly, rules-based, computer-generated stock index that looks to identify the current top 50 growth stocks. The fund targets companies that are generating solid profit growth, big sales increases, wide profit margins and a high return on equity.
Solar ETF Guggenheim – Up 4.18%
The underlying MAC Global Solar Energy Index tracks companies in the business segments of the solar power industry (read: Trump Tariffs Put These Sector ETFs & Stocks in Focus).
iShares PHLX Semiconductor ETF – Up 4.17%
The fund looks to track an index composed of U.S. equities in the semiconductor sector (read: 8 Must-Watch ETFs if Trump Slams Tariffs on China by Friday).
iShares Dow Jones U.S. Technology – Up 4.1%
The underlying Dow Jones U.S. Technology Index includes companies in the following sectors: software and computer services and technology hardware and equipment. The index is capitalization-weighted and includes only companies in the technology industry of the Dow Jones U.S. Total Market Index (read: Are FB & EU Casting Cloud Over Silicon Valley and These ETFs?).
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 >>
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.