For investors looking for momentum, Schwab U.S. TIPS ETF (SCHP - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 4.6% from its 52-week low price of $60.31/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
SCHP in Focus
The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index composed of inflation-protected U.S. Treasury securities. It has AUM of $18.32 billion and charges 5 basis points in annual fees.
Why the Move?
The TIPS segment of the broad U.S. stock market has been an area to watch lately given the rising inflationary expectations. U.S. consumer prices climbed the highest in June hitting a fresh high since August of 2008. Inflation is expected to rise further amid the recovering U.S. economy, accelerated vaccination drive and fiscal stimulus support.
More Gains Ahead?
It seems like the fund will remain strong, with a positive weighted alpha of 4.36, 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, Schwab U.S. TIPS ETF (SCHP - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 4.6% from its 52-week low price of $60.31/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
SCHP in Focus
The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index composed of inflation-protected U.S. Treasury securities. It has AUM of $18.32 billion and charges 5 basis points in annual fees.
Why the Move?
The TIPS segment of the broad U.S. stock market has been an area to watch lately given the rising inflationary expectations. U.S. consumer prices climbed the highest in June hitting a fresh high since August of 2008. Inflation is expected to rise further amid the recovering U.S. economy, accelerated vaccination drive and fiscal stimulus support.
More Gains Ahead?
It seems like the fund will remain strong, with a positive weighted alpha of 4.36, 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 >>
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