|Bid||56.60 x 1400|
|Ask||58.71 x 1400|
|Day's Range||57.20 - 57.74|
|52 Week Range||45.25 - 60.23|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.12|
|Expense Ratio (net)||0.63%|
Momentum investing would be a winning strategy for those seeking higher returns in a short spell. The strategy looks to fetch profits from buying hot stocks that have shown an uptrend over the past few weeks or months.
A short-term spending measure has been signed to reopen the U.S. government for three weeks. These should boost high beta and momentum ETFs.
After days of painful losses, Wall Street made a roaring comeback after Christmas. These ETFs & stocks are intriguing choices to play the Santa rally for a short spell.
The broader market bounced back on Nov 28 mainly due to the Fed chief Powell's comments. Should you tap this rebound with momentum ETFs?
Previously, we discussed Sherwin-Williams’s (SHW) stock performance in 2018. In this part, we’ll compare Sherwin-Williams’s valuation with its peers. As of September 25, Sherwin-Williams’s one-year forward PE multiple was at 21.50x. PPG Industries (PPG) and RPM International (RPM) have one-year forward PE multiples of 16.4x and 20.10x, respectively.
"History suggests that the leadership of the stock market does not rotate into laggards late in the cycle — bull markets don’t broaden. Instead, investors chase the leaders even harder, narrowing bull markets further. It’s better to be overweight US stocks within a global equity portfolio," Buckland said.
A slew of upbeat economic data, especially job and manufacturing, has spread optimism and reignited appeal for momentum ETFs & stocks.
Energy stocks are tracking oil prices higher and that's good news for a slew of exchange-traded funds. On Monday, 24 ETFs hit 52-week highs, 14 of which were oil funds or equity-based energy sector funds. PXI, which is about 11 and a half years old, tracks the Dorsey Wright Energy Technical Leaders Index.