In the last trading session, U.S. stocks delivered encouraging performance as better-than-expected earnings boosted optimism. Among the top ETFs, investors saw SPY gain 0.41%, DIA move higher by 0.17% and QQQ rise 1.16% on the day.
Two more specialized ETFs are worth noting as both saw trading volume that was far outside of normal. In fact, both these funds experienced volume levels that were more than double their average for the most recent trading session. This could make these ETFs the ones to watch out for in the days ahead to see if this trend of extra-interest continues:
TUR: Volume 3.48 times average
This Turkey ETF was under the microscope yesterday as nearly 1.6 million shares moved hands. This compares to an average trading volume of 456,000 shares and came as TUR lost nearly 2.6% in the session.
The movement can largely be blamed on political turmoil in the country, which is currently in a state of emergency. In the last one-month period, TUR was down about 5.8%. The fund carries a Zacks ETF Rank #3 (Hold).
FNCL: Volume 2.02 times average
This U.S. Financial ETF was in focus yesterday as almost 227,000 shares moved hands compared to an average of roughly 112,000 shares. We also saw some stock price movement as FNCL was up about 0.2%.
The movement can largely be attributed to speculations about improved chances of a Fed rate hike as economic data continues to strengthen. This can have a significant impact on financial stocks like the ones we find in this ETF portfolio. In the last one-month period, FNCL was up over 4.8%. The fund carries a Zacks ETF Rank #4 (Sell).
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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 >>
In the last trading session, U.S. stocks delivered encouraging performance as better-than-expected earnings boosted optimism. Among the top ETFs, investors saw SPY gain 0.41%, DIA move higher by 0.17% and QQQ rise 1.16% on the day.
Two more specialized ETFs are worth noting as both saw trading volume that was far outside of normal. In fact, both these funds experienced volume levels that were more than double their average for the most recent trading session. This could make these ETFs the ones to watch out for in the days ahead to see if this trend of extra-interest continues:
TUR: Volume 3.48 times average
This Turkey ETF was under the microscope yesterday as nearly 1.6 million shares moved hands. This compares to an average trading volume of 456,000 shares and came as TUR lost nearly 2.6% in the session.
The movement can largely be blamed on political turmoil in the country, which is currently in a state of emergency. In the last one-month period, TUR was down about 5.8%. The fund carries a Zacks ETF Rank #3 (Hold).
FNCL: Volume 2.02 times average
This U.S. Financial ETF was in focus yesterday as almost 227,000 shares moved hands compared to an average of roughly 112,000 shares. We also saw some stock price movement as FNCL was up about 0.2%.
The movement can largely be attributed to speculations about improved chances of a Fed rate hike as economic data continues to strengthen. This can have a significant impact on financial stocks like the ones we find in this ETF portfolio. In the last one-month period, FNCL was up over 4.8%. The fund carries a Zacks ETF Rank #4 (Sell).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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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