PSJ - Invesco Dynamic Software ETF

NYSEArca - Nasdaq Real Time Price. Currency in USD
90.79
-0.55 (-0.60%)
At close: 3:59PM EDT
Stock chart is not supported by your current browser
Previous Close91.34
Open91.05
Bid88.01 x 800
Ask93.57 x 1100
Day's Range89.80 - 90.97
52 Week Range68.08 - 94.32
Volume52,915
Avg. Volume67,654
Net Assets383.68M
NAV90.77
PE Ratio (TTM)N/A
Yield0.00%
YTD Return22.70%
Beta (3Y Monthly)1.24
Expense Ratio (net)0.63%
Inception Date2005-06-23
Trade prices are not sourced from all markets
  • Should You Invest in the Invesco Dynamic Software ETF (PSJ)?
    Zacks4 days ago

    Should You Invest in the Invesco Dynamic Software ETF (PSJ)?

    Sector ETF report for PSJ

  • Should You Consider Buying Activision Blizzard Stock Before Earnings?
    InvestorPlace8 days ago

    Should You Consider Buying Activision Blizzard Stock Before Earnings?

    Headquartered in Santa Monica, California, Activision Blizzard (NASDAQ:ATVI) is one of the most important interactive software and content developers, holding the keys to some of the biggest video game franchises. After being a darling among investors from 2014 to the last quarter of 2018, ATVI stock has dropped more than 40% from its early October highs.Source: Shutterstock The group is expected to report quarterly earnings on May 2. So what kind of price performance can we expect from the company around its earnings release? And will ATVI stock ultimately become a strong buy-candidate in the second quarter?Although I would not bet against ATVI stock's future, between now and the earnings release date, I expect to see further volatility and possible price weakness in Activision Blizzard stock. Here is why:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Current Headwinds for Activision Blizzard StockIncreased Competition: The global gaming market has been growing at a rapid rate and is expected to exceed $180 billion in revenues in 2021. The success of mobile gaming, which accounts for half of the gaming revenue, is one of the most important drivers behind this growth. * 7 AI Stocks to Watch with Strong Long-Term Narratives Going forward, analysts believe eSports will become a major disruptive force, with a market that will exceed $1 billion this year and with a revenue increase of 26.7% year-over-year. Most of the revenues for the companies in this segment currently come from North America and China.Such a growth industry inevitably attracts global competition. For example, Fortnite, an apocalyptic survival video game developed and marketed by the privately held Epic Games, generated $2.4 billion in revenue last year, more than any single game in 2018. The free-to-play game has become a worldwide champion among gamers of all ages.Earnings Season Worries: ATVI is one of the largest gaming companies globally in terms of revenue and market cap. The company has five core divisions: * Activision, which produces franchises such as Call of Duty and Destiny and focusing on console gaming; * Blizzard, which produces franchises such as World of Warcraft and Overwatch and focusing on online PC games with an emphasis on subscription-based business models; * King Digital, which produces mobile games; * Activision Blizzard Studios, a television and film studio that produces original content based on ATVI's existing franchises; and * MLG, which is an online eSports broadcasting network which produces titles like the Overwatch League.Activision Blizzard is currently franchise-reliant, whereas competition like Fortnite tends to focus on video game volume. In other words, if ATVI's core franchises were to lose popularity, the company would face fiscal and market consequences and the stock price would suffer.When Activision Blizzard reported earnings on Feb. 12, Wall Street was hoping to see the company to dispel fears of Fortnite and other competition. However, the company's fourth-quarter financial results left some investors raising an eyebrow as the number of monthly active users (MAUs) showed a steady decline in 2018 -- a possible sign that Fortnite has indeed been luring away ATVI fans.While Call of Duty: Black Ops 4 has done well, the Destiny franchise has been underperforming. Finally, Activision Blizzard's 2019 guidance that was less than impressive, with a forecasted drop in revenue to $6.3 billion from $7.5 billion in 2018. The company is also decreasing the global headcount by 8%.Analysts have also been concerned about the impact of several high-profile exits among Activision executives. The industry would rather report the company's successful franchises and positive player experiences than worries over the managerial void. For example, Activision Blizzard is continuing to bet big on eSports and investors are hoping that a bigger fan base would also translate into larger live events and merchandise sales. However, the numbers to positively affect the bottom line are not there yet.In short, most investors are likely to wait on the sidelines until they have more have a chance to analyze the balance sheet. Unless the numbers and the rest of the 2019 guidance are exceptional in May, investors may decide not to invest in the stock for several more weeks -- or even months. Short-Term Technical Analysis of ATVI StockDespite the broader market rally of 2019 which has pushed the prices of many tech stocks significantly higher, year-to-date, Activision Blizzard stock is up only around 2%. On the other hand, the stock price of Electronic Arts (NASDAQ:EA), one of ATVI's main competitors, is up 27% in 2019.ATVI stock's 52-week price range has been $84.68 (Oct. 1, 2018)-$39.85 (Feb. 11, 2019) and its 2019 gains have come mostly in March. Therefore, its short-term technical indicators have now become overextended. Investors who pay attention to short-term oscillators should note that ATVI's technical message has also become "overbought."Nonetheless, ATVI's current price is still under the 200-day moving average, a long-term trend-following technical indicator, which currently is at $53.3. While long-term investors would like to see ATVI stock go over the $50 level, traders are likely to keep the range between $47.50 and $42.50. Ultimately, ATVI's price will need to stabilize and build a base again before a long-term sustained leg up can occur.If you already own ATVI stock, you might want to hold your position. However, within the parameters of your portfolio allocation and risk/return profile, you may consider placing a stop loss at about 3%-5% below the current price point.If you are an experienced investor in the options market, you may also consider using a covered call strategy with approximately a six-week time horizon. In that case, you may, for example, buy 100 shares of ATVI at a limit price of $47.17 (the closing price on Apr. 11) and, at the same time, sell a ATVI May 31 $47.5 call option, which currently trades at $2.7.The $47.50 option is almost at-the-money, offering downside protection in case of volatility and a decline in Activision Blizzard stock. This call option would stop trading on May 31, 2019, and expire on June 1.After the upcoming earnings call, if you still believe in the bull case for Activision Blizzard stock, then you might consider waiting for a better time to buy, such as when the share price is around the low $40's, or even high $30's. The Bottom Line on ATVI StockWith its strong franchise focus, Activision Blizzard is an important company that is likely to weather the ebbs and flows of the industry. The rise of the digital gaming revolution is here to stay, and I believe the long-term fundamental story of ATVI stock is still intact.Investors who are interested in companies in the interactive software, entertainment or communication services but do not want to commit all their capital to a single stock such as ATVI may also consider investing in various exchange-traded funds (ETFs) that have Activision Blizzard as a holding. Examples of such funds would include the Invesco Dynamic Software ETF (NYSEARCA:PSJ), the VanEck Vectors Video Gaming and eSports ETF (NYSEARCA:ESPO) or the Communication Services Select Sector SPDR (NYSEARCA:XLC).As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * FAANNG Stocks, Ranked From Cheapest to Most Expensive * 7 Stocks With a Lot on the Line This Earnings Season * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Compare Brokers The post Should You Consider Buying Activision Blizzard Stock Before Earnings? appeared first on InvestorPlace.

  • ETF Trends25 days ago

    Software ETF Rides Tech Sector’s Resurgence

    Among the leaders of this year’s technology sector resurgence are software stocks and exchange traded funds (ETFs). Several software ETFs hit all-time highs Thursday, including the Invesco Dynamic Software ...

  • ETF Trendslast month

    Software Stocks are Pushing Tech’s 2019 Rebound

    Technology stocks and ETFs are among the broader markets leadership groups this years. Software stocks are playing pivotal roles in tech’s 2019 rebound. Just look at the Invesco Dynamic Software ETF (NYSEArca: ...

  • 10 Top-Ranked ETFs Leading the 10-Year Bull Run
    Zackslast month

    10 Top-Ranked ETFs Leading the 10-Year Bull Run

    We have presented a bunch of top-performing ETFs of the 10-year bull market that will continue to outperform in the coming months given that these have a Zacks ETF Rank 1 (Strong Buy) or 2 (Buy).

  • One Year of Trade Spat: 5 ETF Winners
    Zacks2 months ago

    One Year of Trade Spat: 5 ETF Winners

    Trump tariffs turned one-year old in March, causing upheaval in the global markets. But these ETFs still succeeded.

  • 6 ETFs to Buy for March
    Zacks2 months ago

    6 ETFs to Buy for March

    These ETFs can prove to be gainful investing options in the month of March.

  • Top-Ranked ETF Winners in Dow's Longest Rally in 24 Years
    Zacks2 months ago

    Top-Ranked ETF Winners in Dow's Longest Rally in 24 Years

    While there are winners in many corners of the space, some ETFs have crushed the Dow Jones by wide margins in three months.

  • Top Performing Information Technology ETFs of 2018
    Investopedia3 months ago

    Top Performing Information Technology ETFs of 2018

    Comprised of stocks focused on software and services, communications and electronic equipment, semiconductors and more, the information technology sector underwent important changes in recent months. For investors looking to capture some of the momentum of the information technology sector, a great way to gain broad exposure is through a focused exchange-traded fund (ETF). ETFs centering on the information technology sector in 2018 faced many of the same struggles as funds focused on other industries and sectors, too.

  • 5 Best Performing Stocks of the Top ETF of 2018
    Zacks4 months ago

    5 Best Performing Stocks of the Top ETF of 2018

    A look at the five best performing stocks of the top ETF of 2018.

  • 10 Top-Ranked ETFs That Crushed the Market in 2018
    Zacks4 months ago

    10 Top-Ranked ETFs That Crushed the Market in 2018

    While there have been losers in most corner of the space, several ETFs still managed to end the year in green and are likely to continue outperforming in 2019 too.

  • These 3 Top Sector Plays Are Still Trouncing The Stock Market
    Investor's Business Daily4 months ago

    These 3 Top Sector Plays Are Still Trouncing The Stock Market

    What market sell-off? These three sector ETFs wrapped up 2018 with double-digit gains even though Wall Street stumbled in October and fell hard.

  • Biggest ETF Stories of 2018 Worth Watching in 2019
    Zacks4 months ago

    Biggest ETF Stories of 2018 Worth Watching in 2019

    We discuss some of the events that dominated the headlines in 2018 and are worth watching in 2019.

  • 4 Sector ETFs Surviving the Market Rout in 2018
    Zacks4 months ago

    4 Sector ETFs Surviving the Market Rout in 2018

    While most of the sectors are in red this year, a few ETFs are easily surviving the market rout.

  • A Look at the Christmas Tree of Top-Ranked ETFs
    Zacks4 months ago

    A Look at the Christmas Tree of Top-Ranked ETFs

    We have built a tree with the top-ranked ETFs that have the potential to outperform in 2019.

  • Ring in 2019 With These 5 Software Stocks for Great Returns
    Zacks4 months ago

    Ring in 2019 With These 5 Software Stocks for Great Returns

    Here is a sneak peek into five software stocks that investors can count on for impressive returns in 2019.

  • Zacks4 months ago

    5 Top Smart-Beta ETF Charts of 2018

    These smart-beta ETFs beat the troubled broader market with ease in 2018.

  • Investment Options That Can Help Millennials Shed Risk Aversion
    Zacks4 months ago

    Investment Options That Can Help Millennials Shed Risk Aversion

    While millennials are doing a good job of saving in traditional ways, not parking their money in high-return investment options could be a potential mistake.

  • Top Sector ETFs of 2018
    Zacks4 months ago

    Top Sector ETFs of 2018

    These sector ETFs exceled in 2018 despite a few severe broader market crashes.

  • 5 ETFs Leading the Current Market Rally
    Zacks5 months ago

    5 ETFs Leading the Current Market Rally

    We have highlighted five ETFs that have been star performers over the past week and are expected to continue their outperformance to end the year.

  • Tech ETFs to Give Thanks Amid Bloodbath
    Zacks5 months ago

    Tech ETFs to Give Thanks Amid Bloodbath

    These technology ETFs look solid on a year-to-date basis despite the meager 1.3% rise of XLK.