For investors looking for momentum, iShares Expanded TechSoftware Sector ETF (IGV - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 42.5% from its 52-week low of $291.89/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed in future:
IGV in Focus
The underlying S&P North American Expanded Technology Software Index comprises of North American equities in the software industry and select North American equities from interactive home entertainment and interactive media and services industries. It charges 43 basis points in annual fees.
Why the Move?
Fears of delta variant of COVID-19 are causing higher demand for the tech stocks as these are winning ones amid the stay-at-home trend. The new lifestyle continue to boost various corners of the technology sector, ranging from enterprise cloud computing, cyber security, remote communications, video gaming and e-commerce to online payments.
More Gains Ahead?
The fund has a positive weighted alpha of 31.57, which gives cues of further rally.
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, iShares Expanded TechSoftware Sector ETF (IGV - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 42.5% from its 52-week low of $291.89/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed in future:
IGV in Focus
The underlying S&P North American Expanded Technology Software Index comprises of North American equities in the software industry and select North American equities from interactive home entertainment and interactive media and services industries. It charges 43 basis points in annual fees.
Why the Move?
Fears of delta variant of COVID-19 are causing higher demand for the tech stocks as these are winning ones amid the stay-at-home trend. The new lifestyle continue to boost various corners of the technology sector, ranging from enterprise cloud computing, cyber security, remote communications, video gaming and e-commerce to online payments.
More Gains Ahead?
The fund has a positive weighted alpha of 31.57, which gives cues of further rally.
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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