For investors seeking momentum, SPDR S&P Semiconductor ETF (XSD - Free Report) is probably on radar. The fund just hit a 52-week high and is up 82.7% from its 52-week low price of $68.95/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:
XSD in Focus
This ETF offers exposure to the companies in the semiconductor industry. It is well diversified across components and has equal-weighted exposure. XSD charges 35 basis points in annual fees (see: all the Technology ETFs here).
Why the Move?
The semiconductor segment of the broad U.S. stock market has been an area to watch lately on solid earnings. A spate of better-than-expected reports from well-known players like Texas Instruments (TXN - Free Report) , Lam Research Corporation (LRCX - Free Report) , Intel (INTC - Free Report) , Qualcomm (QCOM - Free Report) and Advanced Micro Devices, Inc. (AMD - Free Report) has spread optimism in the sector.
More Gains Ahead?
Currently, XSD has a Zacks ETF Rank #1 (Strong Buy) with a High risk outlook, suggesting that the outperformance could continue in the months ahead. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank, so there is definitely still some promise for those who want to ride on this surging ETF a little longer.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For investors seeking momentum, SPDR S&P Semiconductor ETF (XSD - Free Report) is probably on radar. The fund just hit a 52-week high and is up 82.7% from its 52-week low price of $68.95/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:
XSD in Focus
This ETF offers exposure to the companies in the semiconductor industry. It is well diversified across components and has equal-weighted exposure. XSD charges 35 basis points in annual fees (see: all the Technology ETFs here).
Why the Move?
The semiconductor segment of the broad U.S. stock market has been an area to watch lately on solid earnings. A spate of better-than-expected reports from well-known players like Texas Instruments (TXN - Free Report) , Lam Research Corporation (LRCX - Free Report) , Intel (INTC - Free Report) , Qualcomm (QCOM - Free Report) and Advanced Micro Devices, Inc. (AMD - Free Report) has spread optimism in the sector.
More Gains Ahead?
Currently, XSD has a Zacks ETF Rank #1 (Strong Buy) with a High risk outlook, suggesting that the outperformance could continue in the months ahead. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank, so there is definitely still some promise for those who want to ride on this surging ETF a little longer.
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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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