For investors looking for momentum, Teucrium Corn ETF (CORN - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 46% from its 52-week low price of $11.52/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
CORN in Focus
The CBOT Corn Futures Contract looks to reflect the daily changes of a weighted average of the closing prices for three futures contracts for corn that are traded on the CBOT. The expense ratio is 2.47% annually.
Why the Move?
U.S. corn supplies in September will be smaller than forecast earlier due to a reduced estimate of last fall's harvest, per the latest announcement of the U.S. Agriculture Department. The news of supply crunch boosted corn prices materially on Jan 12.
More Gains Ahead?
The fund has a positive weighted alpha of 28.65. So, there is a decent outlook ahead for those who want to ride this surging ETF a shade further.
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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, Teucrium Corn ETF (CORN - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 46% from its 52-week low price of $11.52/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
CORN in Focus
The CBOT Corn Futures Contract looks to reflect the daily changes of a weighted average of the closing prices for three futures contracts for corn that are traded on the CBOT. The expense ratio is 2.47% annually.
Why the Move?
U.S. corn supplies in September will be smaller than forecast earlier due to a reduced estimate of last fall's harvest, per the latest announcement of the U.S. Agriculture Department. The news of supply crunch boosted corn prices materially on Jan 12.
More Gains Ahead?
The fund has a positive weighted alpha of 28.65. So, there is a decent outlook ahead for those who want to ride this surging ETF a shade further.
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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