For investors seeking momentum, SPDR Dow Jones Industrial Average ETF (DIA - Free Report) is probably on radar. The fund just hit a 52-week high, and is up 73% from its 52-week low price of $182.10 per 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:
DIA in Focus
DIA is one of the largest and most-popular ETFs in the large-cap space. It holds 30 blue chip stocks with key holdings in information technology, healthcare, industrials, financials, and consumer discretionary that account for a double-digit exposure each. It charges investors 16 basis points a year in fees (see: all the Large Cap Value ETFs here).
Why the Move?
The large-cap segment of the broad U.S. stock market has been an area to watch as the Dow Jones has been hitting a series of record highs lately. The rally came on the back of renewed optimism over speedy economic recovery from the pandemic-driven recession. A massive fiscal relief package, signs of a healing labor market, continued progress in more vaccines and a rapid vaccination has rekindled investors’ appetite for riskier assets.
More Gains Ahead?
Currently, DIA has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting that the outperformance could continue in the months ahead. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little 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 seeking momentum, SPDR Dow Jones Industrial Average ETF (DIA - Free Report) is probably on radar. The fund just hit a 52-week high, and is up 73% from its 52-week low price of $182.10 per 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:
DIA in Focus
DIA is one of the largest and most-popular ETFs in the large-cap space. It holds 30 blue chip stocks with key holdings in information technology, healthcare, industrials, financials, and consumer discretionary that account for a double-digit exposure each. It charges investors 16 basis points a year in fees (see: all the Large Cap Value ETFs here).
Why the Move?
The large-cap segment of the broad U.S. stock market has been an area to watch as the Dow Jones has been hitting a series of record highs lately. The rally came on the back of renewed optimism over speedy economic recovery from the pandemic-driven recession. A massive fiscal relief package, signs of a healing labor market, continued progress in more vaccines and a rapid vaccination has rekindled investors’ appetite for riskier assets.
More Gains Ahead?
Currently, DIA has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting that the outperformance could continue in the months ahead. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little 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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