For investors looking for momentum, First Trust Nasdaq Semiconductor ETF (FTXL - Free Report) is 60.7% from its 52-week low price of $44.86/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
FTXL in Focus
The fund seeks investment results that correspond generally to the price and yield, before the fund's fees and expenses, of an index called the Nasdaq US Smart Semiconductor Index. It has AUM of $78.1 million and charges 60 basis points in annual fees.
Why the Move?
The semiconductor segment of the broad U.S. stock market has been witnessing a surge in chips demand amid a global shortage. Further, the semiconductor space has been gaining from expanding digitization and growing dependency on the Internet owing to some new normal trends like online shopping, work from home, digital payments, digitization of healthcare, rising demand for video gaming and many more.
More Gains Ahead?
It seems like the fund will remain strong, with a positive weighted alpha of 49.57, 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, First Trust Nasdaq Semiconductor ETF (FTXL - Free Report) is 60.7% from its 52-week low price of $44.86/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
FTXL in Focus
The fund seeks investment results that correspond generally to the price and yield, before the fund's fees and expenses, of an index called the Nasdaq US Smart Semiconductor Index. It has AUM of $78.1 million and charges 60 basis points in annual fees.
Why the Move?
The semiconductor segment of the broad U.S. stock market has been witnessing a surge in chips demand amid a global shortage. Further, the semiconductor space has been gaining from expanding digitization and growing dependency on the Internet owing to some new normal trends like online shopping, work from home, digital payments, digitization of healthcare, rising demand for video gaming and many more.
More Gains Ahead?
It seems like the fund will remain strong, with a positive weighted alpha of 49.57, 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 >>
Get the latest research report on FTXL - FREE