For investors looking for momentum, United States Brent Oil ETF (BNO - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 113% from its 52-week low price of $9.34/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
BNO in Focus
The Brent crude oil looks to track the daily changes in percentage terms of the spot price of Brent crude oil. Its expense ratio is 1.13%.
Why the Move?
Oil prices jumped on Sep 22 after U.S. crude stocks dropped to their lowest levels in three years as refining activity restored after recent storms. Plus, despite recent scare originating from the Delta variant of Covid-19, overall demand for fuel has rebounded to pre-pandemic levels.
More Gains Ahead?
It seems like the fund will remain strong, with a positive weighted alpha of 78.53, 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, United States Brent Oil ETF (BNO - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 113% from its 52-week low price of $9.34/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
BNO in Focus
The Brent crude oil looks to track the daily changes in percentage terms of the spot price of Brent crude oil. Its expense ratio is 1.13%.
Why the Move?
Oil prices jumped on Sep 22 after U.S. crude stocks dropped to their lowest levels in three years as refining activity restored after recent storms. Plus, despite recent scare originating from the Delta variant of Covid-19, overall demand for fuel has rebounded to pre-pandemic levels.
More Gains Ahead?
It seems like the fund will remain strong, with a positive weighted alpha of 78.53, 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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