For investors looking for momentum, Amplify International Online Retail ETF is probably a suitable pick. The fund just hit a 52-week high and is up 139.4% from its 52-week low price of $18.57/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
XBUY in Focus
This ETF seeks investment results that generally correspond (before fees and expenses) to the price performance of the EQM International Ecommerce Index. It has AUM of $10.2 million and charges 69 basis points in annual fees.
Why the Move?
The coronavirus outbreak continues to aggravate in the United States and globally. In order to contain the spread of the virus, governments across the globe are once again shutting down economic activities and imposing social-distancing measures. In the current scenario, consumers are opting for online retailers to purchase food items and other goods. This is driving orders for online retailers like Amazon, making funds like XBUY an attractive investment option.
More Gains Ahead?
It seems like the fund will remain strong, with a positive weighted alpha of 78.19, which gives cues of further rally.
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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 looking for momentum, Amplify International Online Retail ETF is probably a suitable pick. The fund just hit a 52-week high and is up 139.4% from its 52-week low price of $18.57/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
XBUY in Focus
This ETF seeks investment results that generally correspond (before fees and expenses) to the price performance of the EQM International Ecommerce Index. It has AUM of $10.2 million and charges 69 basis points in annual fees.
Why the Move?
The coronavirus outbreak continues to aggravate in the United States and globally. In order to contain the spread of the virus, governments across the globe are once again shutting down economic activities and imposing social-distancing measures. In the current scenario, consumers are opting for online retailers to purchase food items and other goods. This is driving orders for online retailers like Amazon, making funds like XBUY an attractive investment option.
More Gains Ahead?
It seems like the fund will remain strong, with a positive weighted alpha of 78.19, which gives cues of further rally.
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 >>