|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||28.66 - 29.00|
|52 Week Range||17.47 - 29.38|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.39|
|Expense Ratio (net)||0.70%|
Dovish Fed comments and chances of U.S.-China trade truce kept the market steady in the second quarter. These ETF areas won and lost in the second quarter.
American investors are used to a warm July 4 holiday, but a record-setting heat wave could make this holiday weekend the hottest on record in many places. The heat wave is already impacting crop prices, ...
We have highlighted five sector ETFs that were the second quarter's star performers and could also be winners in the ongoing quarter if the current trends continue.
With just a trading session left to end the first half, the Dow Jones is up about 13.7% while the S&P 500 and Nasdaq have gained 16.7% and 20.1%, respectively.
Bullish chart patterns from across the solar sector suggest that this group could the one to watch over the coming weeks or months.
Today's investors have access to a growing number of green ETFs, allowing them to incorporate environmentally friendly strategies into their investment decisions. Exchange traded funds (ETFs) are investment funds that trade on a stock exchange.
It's certainly not the first spot bullish investors might look to for trend trading given today's disbelieving political climate, but solar stocks have been hot this year and the price charts continue to point to sizzling profits. Let me explain.As any investor with more than a passing interest in the market knows, it's been a terrific week for the broader averages. For its part the S&P 500 has put together percentage gains and a marginal new all-time high above the ubiquitous October and May corrections and it's double topping pattern. But that's nothing compared to what solar stocks have been doing.Despite today's macro landscape of uncertain industry-related tariffs, subsidies and a U.S. presidential administration dismissive of climate change, solar stocks have been quietly shining. The Invesco Solar ETF (NYSEARCA:TAN) is up about 35% since October. And since May's trade war-driven sell-off in the market, shares of TAN have added nearly 11% above its April 30th close and adding to its impressive and largely under-the-radar gains in excess of 51%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo be sure, there's a lot of vocal critics of solar or at least solar stocks and why they need to be avoided. At the end of the day though, if the charts of First Solar (NASDAQ:FSLR), SolarEdge Technologies (NASDAQ:SEDG) and Jinko Solar (NYSE:JKS) are what being a contrarian looks like, I say let's simply focus on extracting more profits from friendly price trends filled with skeptics. First Solar (FSLR) Click to EnlargeFirst Solar is the first of our three solar stocks. This heavyweight also happens to be the sector's largest outfit with a mid-cap valuation of about $6.6 billion.The company's most recent earnings report was mixed and saw a worse-than-forecast loss for the quarter. Still, FSLR stock did affirm its full-year profit guidance of $2.25 to $2.76 per share and boosted its sales outlook to $3.5 billion to $3.7 billion and above Street views of $3.37 billion.Year-to-date gains of around 37% for this solar stock are slightly trailing TAN's performance. However, a massive inverse head-and-shoulders pattern on the weekly price chart looks poised to begin the job of catching up to the solar ETF and even lead the sector in 2019's second half. The FSLR Stock TradeBuy FSLR stock if shares can trade above $64. This is a second attempt entry to go long above the April consolidation high of $63.82. Set a stop-loss beneath support below $59.25 and the 50% retracement level. On the upside, taking initial profits as shares test the pattern neckline near $77.50 makes sense off and on the price chart. Solar Stocks 2: SolarEdge Technologies (SEDG) Click to EnlargeSolarEdge is the second of our three solar stocks. The Israeli-based company manufactures optimized inverter systems for residential, commercial and small utility-scale solar installations.Most recently, Goldman Sachs upgraded shares. The firm sees major tailwinds for the U.S. residential market including the 2020 California New Homes Mandate and an end to the 30% ITC tax credit triggering additional demand for solar upgrades.The better news? Goldman's move from sell to neutral for SEDG stock and price lift from $35 to $52 still shows Wall Street is at odds with demand from investors. Shares of this solar stock are trading about 14% above the analyst's price target.Moreover, with SEDG breaking out from a short base in the upper one-third of its corrective cup-shaped pattern -- shares deserve a buy recommendation today. The SEDG Stock TradeBuy SEDG stock today with an initial stop-loss below $54.50 to keep exposure limited to justifiable levels on and off this solar stock's price chart. On the upside, trimming profits on a test of the pattern and all-time-highs near $71 looks appropriate. Solar Stocks 3: Jinko Solar (JKS) Click to EnlargeJinko Solar is the last of our three solar stocks. It's a China-based outfit and as part of Goldman's sector upgrade was blessed with a target lift from $9 to $13.If you thought analysts were dismissive of SEDG, the price raise in this solar stock is roughly 41% below the market price. With Goldman keeping its sell recommendation on JKS stock, this bearish view not only takes the cake, it's one contrarian-oriented bulls should want to devour!Technically, shares of this solar stock have pulled back to test support of a key breakout from a congestion pattern within Jinko's uptrend of several months. Now and with a daily chart forming a bullish hammer candlestick pattern, investors have a low-risk, high-reward means to buy JKS stock. The JKS Stock TradeBuy JKS stock next week if shares can confirm a reversal off support. If required, a stop-loss beneath the pattern low makes good all-around sense. Alternatively, if bulls have the muscle to keep this quiet rally moving higher, taking profits near $26.50 - $27 and long-term channel resistance looks like equally smart business.Disclosure: Investment accounts under Christopher Tyler's management do not own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post 3 Solar Stocks to Trade as the Sun Rises appeared first on InvestorPlace.
With the second quarter winding to a close, we're nearly at the halfway point of 2019. So it's an ideal time to examine some of the investment strategies that have been working this year. Broadly speaking, 2019 has been a good year for equities, but there have recently been bumps in the road, mainly caused by an ongoing trade tiff between the U.S. and China, the world's two largest economies.As has been widely reported, this trade spat has wide-ranging implications for a variety of sectors, including cyclical and growth stocks, the corners of the equity market that have been driving forces for much of this bull run.With that in mind, it may not have been surprising that stocks tanked in May, prompting massive outflows from exchange traded funds (ETFs).InvestorPlace - Stock Market News, Stock Advice & Trading Tips"As a result of the trade-induced market drawdown, equity ETFs posted their highest level of outflows for a given month ever, totaling over $19.9 billion," said State Street in a recent note. "Outflows in May are not that uncommon, however. Over the last ten years, equities have had outflows in the month of May 45% of the time--the third highest percentage for a given month."Still, the best ETFs remain beloved by advisors and investors, particularly those looking for low-cost investment ideas or avenues for boosting portfolio diversity. Fortunately, some of the best ETFs are delivering stellar performances this year. * 6 Stocks Ready to Bounce on a Trade Deal In searching for this year's best ETFs, we excluded leveraged funds because those are short-term instruments. A heads up: investors will find that many of the best ETFs to this point in 2019 are thematic funds, including some of the ETFs highlighted here. Invesco Solar ETF (TAN)Source: Shutterstock Expense ratio: 0.70%YTD return: 49.92%Oil prices climbed earlier this year, boosting the fortunes of alternative energy stocks along the way. Of course, that scenario benefited the Invesco Solar ETF (NYSEARCA:TAN), the largest solar ETF. Up nearly 50% year-to-date, TAN is easily one of this year's best ETFs. Moreover, considering this fund's China exposure, its recent performance has been exceptional. TAN barely budged in May and is up 10.14% this month.Earlier this week, Goldman Sachs boosted its rating on several of TAN's marquee components, including SunPower Corporation (NASDAQ:SPWR), Sunrun Inc (NASDAQ:RUN), and Solaredge Technologies Inc (NASDAQ:SEDG).While TAN allocates over 21% of its weight to Chinese solar companies, one of the important factors making this one of the best ETFs and one cited by Goldman in the aforementioned upgrades is domestic in nature.Starting next year, California will require all new homes that are built there to have solar panels, representing significant opportunity for several of TAN's components. ALPS Clean Energy ETF (ACES)Source: Shutterstock Expense ratio: 0.65%YTD return: Almost 29%Keeping with the theme of alternative energy funds, there is the ALPS Clean Energy ETF (CBOE:ACES), which is also one of this year's best ETFs. ACES, which is about a year old, is one of the best ETFs for investors looking for exposure to multiple clean energy themes.While TAN is dedicated to solar, ACES offers exposure to solar, wind, smart grid, biomass, geothermal, electrical vehicle/storage and fuel cell stocks. ACES slumped a bit more than TAN last month, but this alternative energy fund is on the mend this month and is up a solid 7% in the second quarter. * Check Out These 5 Fast-Growing Stocks to Buy Today If oil prices can rebound in the back half of 2019, ACES and TAN can solidify their perches as two of this year's best ETFs. Global X MSCI Argentina ETF (ARGT)Expense ratio: 0.59%YTD return: 35.45%The MSCI Emerging Markets Index, which will soon feature Argentine stocks, is up barely more than 7% this year, but the Global X MSCI Argentina ETF (NYSEARCA:ARGT) is clearly one of this year's best ETFs, emerging markets or otherwise. Yes, some of ARGT's status as one of 2019's best ETFs has to do with global investors buying Argentine equities in anticipation of South America's second-largest economy being added to the MSCI Emerging Markets Index.However, there are other factors at play, including ARGT's 21.14% weight to Latin American e-commerce giant MercadoLibre, Inc. (NASDAQ:MELI). That stock, which is ARGT's largest holding, is up nearly 113% this year. ARGT is up 8.39% this month as the fund has been boosted by news that President Mauricio Macri is opting for a moderate running mate in this year's national election there."This year, Argentine markets seem to be mimicking patterns from the last presidential election cycle in 2015, when after a strong Q1, election-related uncertainty led to a mid-year market downturn," according to Global X research. "Almost on cue in 2019, a 17.3% rise in Q1 was met with a selloff in April after default risk spiked. The jump came after early polling data showed higher approval ratings for the former populist President, Cristina Fernandez de Kirchner (CFK) relative to the current pro-market reformist President, Mauricio Macri." Invesco DWA NASDAQ Momentum ETF (DWAQ)Source: Shutterstock Expense ratio: 0.60%YTD Return: 34.05%Some momentum stocks have been under pressure due to the trade spat, but others, particularly those with significant domestic exposure, are holding up pretty well. That has the Invesco DWA NASDAQ Momentum ETF (NASDAQ:DWAQ)sitting pretty as one of this year's best ETFs. DWAQ can be used as complement or alternative to traditional Nasdaq-100 ETFs.DWAQ tracks the Dorsey Wright NASDAQ Technical Leaders Index, which is a different beast than the cap-weighted Nasdaq-100. "All securities in the universe are ranked using a proprietary relative strength (momentum) measure. Each security's score is based on intermediate and long-term price movements relative to a representative market benchmark and the other eligible securities," according to Invesco. * 5 Undervalued Stocks to Buy DWAQ actually makes for a nice complement to a standard Nasdaq-100 ETF because this Invesco allocates "just" 27% of its weight to technology and healthcare is its largest sector weight at 38.22%. DWAQ is also one of the best ETFs for investors seeking mid/small blend exposure because large caps represent just 19.25% of the fund's weight. O'Shares Global Internet Giants ETF (OGIG)Source: Shutterstock Expense ratio: 0.48%YTD return: 31%The O'Shares Global Internet Giants ETF (NYSEARCA:OGIG) is one of several internet funds that qualify for the best ETFs conversation, but there is something rather remarkable about this fund this year. While OGIG features ample exposure to Chinese internet stocks, some of which have been slammed by the trade war, this fund is holding up really well.None of OGIG's holdings command weights of more than 6.59%, but the good news for investors is that marquee domestic names in the fund, such as Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG,GOOGL), derive significant portions of their revenue in the U.S. and small percentages in China.Alphabet and Facebook garner 2% and 9% of their revenue from China, respectively, but Tencent depends on its home country for 97% of its top line, according to O'Shares research. Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post 5 of the Best-Performing ETFs for 2019 So Far appeared first on InvestorPlace.
What drives the best ETFs in year-to-date performance? They are powered by midcap growth, a South American online marketplace and solar stocks.
Up nearly 41% year-to-date, the Invesco Solar ETF (TAN) is one of this year’s best-performing non-leveraged exchange traded funds. The solar ETF managed to trade higher in May even as broader equity benchmarks swooned, but some analysts see tariff trouble lurking for some of the fund's components. TAN, which is nearly 12 years old, follows the MAC Global Solar Energy Index.
Following a first-quarter rebound for U.S. equities, the absence of a trade deal certainly pumped the brakes on a sustained rally in the second quarter. Certain exchange-traded funds (ETFs) were able to ...
Many corners of the market have seen rough trading while a few still stand tall. Below, we have highlighted ETFs from the best and worst zones at the halfway mark in Q2.
Editor's note: This story was previously published in December 2018. It has since been updated and republished.Alternative energy is an increasingly prominent theme not only on the energy consumption front, but in the investment universe as well. A slew of exchange-traded funds (ETFs) focus on these themes, but there are only a few clean energy ETFs that truly stand out from the pack.Scores of data points confirm the move away from traditional fossil fuels to clean energy sources. For example, California, the largest U.S. state, recently put into the state building code a mandate that all new homes built there, starting in 2020, must have solar panels. Other data points indicate renewables are pressuring traditional power sources, such as coal.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"The competitive environment for coal-fired power in the generation marketplace is becoming ever more challenging as the price of renewables continues to fall and as natural gas prices are expected to remain low for the foreseeable future," according to the Institute For Energy Economics and Financial Analysis (IEEFA). * 7 Strong Buy Stocks That Tick All the Boxes Declining costs are fostering adoption of renewables and that trend could be a long-term catalyst for clean energy ETFs."The cost of building a new utility-scale solar or wind farm has now dropped below the cost of operating an existing coal plant, according to an analysis by the investment bank Lazard," reports CBS.Here are some of the best clean energy ETFs to consider in 2019. Source: Shutterstock ALPS Clean Energy ETF (ACES)Expense Ratio: 0.65% per yer, or $65 per $10,000 investedAmong clean energy ETFs, the ALPS Clean Energy ETF (NYSEARCA:ACES) is one of the newest having debuted late last June. Despite its rookie status, ACES may also be one of the most compelling clean energy ETFs due to its multi-theme exposure. While many clean energy ETFs focus on a specific part of the alternative energy universe, such as electric vehicles, solar or wind, ACES offers exposure to all those themes and then some.This clean energy ETF features solar, wind, smart grid, biomass, geothermal, electrical vehicle/storage and fuel cell stocks, giving it a broader reach than more established clean energy ETFs that you can buy."The fund's underlying index has a differentiated approach to investing in the sector. First, by narrowing the list of constituents to companies whose primary operations are focused on clean energy, the fund offers more pure-play exposure to the sector," according to ALPS.ACES holds 34 stocks and the largest holding is Cree (NASDAQ:CREE) at a weight of 5.75%. Invesco WilderHill Clean Energy ETF (PBW)Expense Ratio: 0.70%The Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) is just a few months shy of its fourteenth birthday, making it one of the more seasoned clean energy ETFs to buy on the market. The $105.10 million PBW targets the WilderHill Clean Energy Index.That index "is composed of stocks of companies that are publicly traded in the United States and engaged in the business of advancement of cleaner energy and conservation," according to Invesco. * 7 Energy Stocks to Buy to Light Up Your Portfolio The average market value of PBW's 39 holdings is $4.70 billion, indicating this clean energy ETF is a mid-cap fund. Just about 14% of PBW's constituents are classified as large caps. Another factor investors must consider with clean energy ETFs is that many of the stocks populating this investment niche are growth names.PBW fits that bill as over 48% of its components are classified as growth stocks. A price-to-earnings ratio of over 48 confirms this clean energy ETF's growth tilt. Source: Shutterstock Invesco Solar ETF (TAN)Expense Ratio: 0.70%The Invesco Solar ETF (NYSEARCA:TAN) is one of the largest clean energy ETFs despite its focus on one segment of the alternative energy space. Solar stocks are struggling this year, as highlighted by TAN's year-to-date decline of over 20%, but this clean energy ETF could be one to watch in 2019.Morgan Stanley recently raised a Market Weight rating on First Solar (NASDAQ:FSLR), TAN's largest holding at a weight of 10.62%. The restored its former price target on the largest U.S. solar company to $60 from $56.Solar installation trends in the U.S. and around the world bode well for TAN over the long-term."A record 8.5 gigawatts (GW) of utility solar projects were procured in the first six months of this year after President Donald Trump in January announced a 30 percent tariff on panels produced overseas, according to the report by Wood Mackenzie Power & Renewables and industry trade group the Solar Energy Industries Association," reports Reuters. Source: Shutterstock SPDR Kensho Clean Power ETF (XKCP)Expense Ratio: 0.45%The SPDR Kensho Clean Power ETF (NYSEARCA:XKCP) is another one of the newer entrants to the clean energy ETF space, having debuted in October. XKCP is also one of the more unique clean energy ETFs investors will find.The fund's underlying benchmark uses "artificial intelligence and a quantitative weighting methodology to capture companies whose products and services are driving innovation behind the clean energy sector, which includes the areas of solar, wind, geothermal, and hydroelectric power," according to State Street. * 7 Stocks to Buy That Ought to Buy Back Shares XKCP holds 43 stocks with an average market value of $18.29 billion. Enphase Energy (NASDAQ:ENPH) is the fund's largest holding at a weight of 5.25%. This clean energy ETF is diverse at the industry level, featuring exposure to 15 industries, including utilities, semiconductors and renewable electricity, among others. Source: Dave via Flickr (Modified) VanEck Vectors Global Alternative Energy ETF (GEX)Expense Ratio: 0.63%The VanEck Vectors Global Alternative Energy ETF (NYSEARCA:GEX) is a clean energy ETF with multiple applications across the alternative energy investment landscape. While GEX holds just 30 stocks, its roster spans bio mass, wind, solar, hydro and geothermal companies as well as companies that offer related products and services.GEX offers some level of renewable purity because its underlying index mandates that member firms derive at least half their revenue from clean energy endeavors. Just 4% of GEX's components are not large or mid caps.Relative to some other clean energy ETFs to buy, GEX sports attractive valuations as confirmed by a price-to-book ratio of just over 1 and a price-to-earnings ratio of 14.03.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Wildest Stock Market Predictions for 2019 * 7 Stocks to Buy Down 10% Last Week * 10 Stocks Defying the Market Selloff, Including Cronos Compare Brokers The post 5 Clean Energy ETFs to Buy for 2019 appeared first on InvestorPlace.
Here is a look at the 25 best and 25 worst ETFs from the past week. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions. Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
A solar sector-related exchange traded fund was among the lone areas of strength Tuesday after SolarEdge Technologies (NasdaqGS: SEDG) revealed record revenues and Citi analysts upgraded Vivint Solar (NasdaqGS: ...
The month of April saw more strength for U.S. equities as the markets were boosted by more optimism coming from the Commerce Department with the U.S. economy rebounding in the first quarter, beating analysts’ ...
Additionally, declining costs for alternative forms of energy, including solar, are prompting consumers and utilities to move away from traditional fuel sources, such as coal. Historically, the December through April period is the best time of the year in which to be long TAN while the solar ETF often struggles in the May through November time frame. In July and October, the Energy Select Sector SPDR (NYSE: XLE) is usually the worst-performing member of the sector SPDR ETF suite.
Joining Yahoo Finance's Myles Udland is Brian Shannon, CMT and founder of www.alphatrends.net, who breaks down the bullish action in the solar space.