For investors looking for momentum, Global X E-commerce ETF (EBIZ - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 175% from its 52-week low price of $12.94/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
EBIZ in Focus
This ETF seeks to invest in companies positioned to benefit from the increased adoption of e-commerce as a distribution model, including companies whose principal business is in operating e-commerce platforms, providing e-commerce software and services, and/or selling goods and services online. It has AUM of $155.1 million and charges 50 basis points (bps) in annual fees.
Why the Move?
Online shopping is gaining favor among shoppers in an attempt to minimize human-to-human contact as coronavirus cases continue to surge globally. In order to contain the spread of the virus, governments across the globe are 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 EBIZ an attractive investment option.
More Gains Ahead?
It seems like the fund will remain strong as a positive weighted alpha of 95.23 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, Global X E-commerce ETF (EBIZ - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 175% from its 52-week low price of $12.94/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
EBIZ in Focus
This ETF seeks to invest in companies positioned to benefit from the increased adoption of e-commerce as a distribution model, including companies whose principal business is in operating e-commerce platforms, providing e-commerce software and services, and/or selling goods and services online. It has AUM of $155.1 million and charges 50 basis points (bps) in annual fees.
Why the Move?
Online shopping is gaining favor among shoppers in an attempt to minimize human-to-human contact as coronavirus cases continue to surge globally. In order to contain the spread of the virus, governments across the globe are 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 EBIZ an attractive investment option.
More Gains Ahead?
It seems like the fund will remain strong as a positive weighted alpha of 95.23 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 >>
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