Moving Average Trend, Analyst Estimates of IWF’s Top Holdings
A Structural Analysis of the Smart Beta Fund IWF
Upward trend
Moving averages give a fair idea of where a company or ETF are heading. The top five holdings of IWF are Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Facebook (FB), and Alphabet (GOOGL). Apart from Amazon, all the other stocks hail from the information technology sector. Amazon and Alphabet are trading above their respective 20-day and 100-day moving averages. Also, all the top five holdings of IWF are trading above their 100-day moving averages.
Amazon, Microsoft, and Alphabet are trading at 23.0%, 13.3%, and 13.3% above their respective 100-day moving averages. On a weak front, Apple, Microsoft, and Facebook are trading at 0.28%, 0.15%, and 0.39% below their respective 20-day moving averages.
The table above shows the moving averages, forward target price, and returns of Apple, Amazon, Microsoft, Facebook, and Alphabet.
Analyst estimates
The analysts’ survey indicates an upside of about 24.5% and 19.7% for Apple and Facebook, respectively, from the current levels in the next 12 months. Also, Amazon, Microsoft, and Alphabet have an upside target of 8%, 3.6%, and 10.5%, respectively, from the current levels, as per significant wall street analysts. Apple, Amazon, and Microsoft have seen sales growth of 28%, 20%, and 8%, respectively. The trailing-12-month EPS (earnings per share) for Apple, Amazon, Microsoft, Facebook, and Alphabet equaled $9.28, -$0.52, $1.49, $1.12, and $21.37, respectively.
In the next part of the series, we’ll compare the market performance of IWF with respect to broader indexes such as the S&P 500 and NASDAQ.
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