For investors seeking momentum, VanEck Vectors Retail ETF (RTH - Free Report) is probably on radar now. The fund just hit a 52-week high, which is up over 22% from its 52-week low price of $66.66/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed.
RTH in Focus
RTH focuses on the retail segment of the U.S. market. RTH charges investors 35 basis points a year in fees and has top holdings in Amazon, Home Depot and Wal-Mart (see all consumer discretionary ETFs here).
Why the Move?
A slew of upbeat retail earnings from Macy’s (M - Free Report) , Kohl’s Corp. (KSS - Free Report) and raised guidance by Nordstrom Inc.(JWN - Free Report) acted as a cornerstone for the entire space. Investors should also note that retail sales grew for the third consecutive month in June. Wage gains may have helped in boosting retail sales lately. All these boosted RTH.
More Gains Ahead?
The fund has a positive weighted alpha of 7.26. Since a positive weighted alpha hints at more gains, this surging ETF can be tried a little further.
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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 seeking momentum, VanEck Vectors Retail ETF (RTH - Free Report) is probably on radar now. The fund just hit a 52-week high, which is up over 22% from its 52-week low price of $66.66/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed.
RTH in Focus
RTH focuses on the retail segment of the U.S. market. RTH charges investors 35 basis points a year in fees and has top holdings in Amazon, Home Depot and Wal-Mart (see all consumer discretionary ETFs here).
Why the Move?
A slew of upbeat retail earnings from Macy’s (M - Free Report) , Kohl’s Corp. (KSS - Free Report) and raised guidance by Nordstrom Inc.(JWN - Free Report) acted as a cornerstone for the entire space. Investors should also note that retail sales grew for the third consecutive month in June. Wage gains may have helped in boosting retail sales lately. All these boosted RTH.
More Gains Ahead?
The fund has a positive weighted alpha of 7.26. Since a positive weighted alpha hints at more gains, this surging ETF can be tried a little further.
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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