We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Aerospace & Defense ETF (XAR) Hits New 52-Week High
Read MoreHide Full Article
For investors seeking momentum, SPDR S&P Aerospace & Defense ETF (XAR - Free Report) is probably on radar now. The fund just hit a 52-week high and is up about 46.3% from its 52-week low price of $46.37/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
XAR in Focus
This ETF tracks the S&P Aerospace & Defense Select Industry Index, giving investors exposure to the U.S. aerospace & defense industry. The fund holds 38 stocks in its basket. It charges 35 bps in fees and expenses. The product has Arconic Inc., Huntington Ingalls Industries, TASER International Inc., BWX Technologies Inc. and Boeing Company as the top holdings (see: all the Industrials ETFs here).
Why the Move?
This Aerospace & Defense ETF has been gathering momentum recently on decent earnings. President Trump’s promises of increased military spending are possibly giving a boost to the sector. Plus, Trump is likely to visit Boeing’s North Carolina facility for the rollout of the first 787-10 Dreamliner on Friday. This possibility of a better relation between Boeing and Trump (who previously accused Boeing for charging high costs for Air Force One) is benefiting the fund.
More Gains Ahead?
It seems that XAR might continue with its strength given a Zacks ETF Rank of 1 or ‘Strong Buy’ rating with a Medium risk outlook. Moreover, the fund has a positive weighted alpha of 39.90. A positive weighted alpha hint at more gains. As a result, there is definitely still some promise for investors who want to ride on this surging ETF.
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 >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Aerospace & Defense ETF (XAR) Hits New 52-Week High
For investors seeking momentum, SPDR S&P Aerospace & Defense ETF (XAR - Free Report) is probably on radar now. The fund just hit a 52-week high and is up about 46.3% from its 52-week low price of $46.37/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
XAR in Focus
This ETF tracks the S&P Aerospace & Defense Select Industry Index, giving investors exposure to the U.S. aerospace & defense industry. The fund holds 38 stocks in its basket. It charges 35 bps in fees and expenses. The product has Arconic Inc., Huntington Ingalls Industries, TASER International Inc., BWX Technologies Inc. and Boeing Company as the top holdings (see: all the Industrials ETFs here).
Why the Move?
This Aerospace & Defense ETF has been gathering momentum recently on decent earnings. President Trump’s promises of increased military spending are possibly giving a boost to the sector. Plus, Trump is likely to visit Boeing’s North Carolina facility for the rollout of the first 787-10 Dreamliner on Friday. This possibility of a better relation between Boeing and Trump (who previously accused Boeing for charging high costs for Air Force One) is benefiting the fund.
More Gains Ahead?
It seems that XAR might continue with its strength given a Zacks ETF Rank of 1 or ‘Strong Buy’ rating with a Medium risk outlook. Moreover, the fund has a positive weighted alpha of 39.90. A positive weighted alpha hint at more gains. As a result, there is definitely still some promise for investors who want to ride on this surging ETF.
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 >>