For investors seeking momentum, PowerShares Dynamic Semiconductors ETF (PSI - Free Report) is probably on radar now. The fund just hit a 52-week high and is up over 76% from its 52-week low price of $21.03/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:
PSI in Focus
This product offers exposure to the U.S. semiconductor stocks. No stock accounts for more than 5.48% of the fund. NVIDIA Corp, Intel Corp and Micron Technology are top three stocks of the fund. The fund charges 68 bps in fees (see all technology ETFs here).
Why the Move?
The holiday season has reached its peak with digital shopping getting considerable prominence. This has given a boost to semiconductor stocks. In any case, the area is a beneficiary of emerging technologies like Internet of Things (IoT) and consolidation activities.
More Gains Ahead?
The fund has a Zacks ETF Rank #2 (Buy). Also, PSI should continue with its strength given a positive weighted alpha of 52.10. Since a positive weighted alpha hints at more gains, there is definitely still some promise for investors who want to ride this surging ETF 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 >>
For investors seeking momentum, PowerShares Dynamic Semiconductors ETF (PSI - Free Report) is probably on radar now. The fund just hit a 52-week high and is up over 76% from its 52-week low price of $21.03/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:
PSI in Focus
This product offers exposure to the U.S. semiconductor stocks. No stock accounts for more than 5.48% of the fund. NVIDIA Corp, Intel Corp and Micron Technology are top three stocks of the fund. The fund charges 68 bps in fees (see all technology ETFs here).
Why the Move?
The holiday season has reached its peak with digital shopping getting considerable prominence. This has given a boost to semiconductor stocks. In any case, the area is a beneficiary of emerging technologies like Internet of Things (IoT) and consolidation activities.
More Gains Ahead?
The fund has a Zacks ETF Rank #2 (Buy). Also, PSI should continue with its strength given a positive weighted alpha of 52.10. Since a positive weighted alpha hints at more gains, there is definitely still some promise for investors who want to ride this surging ETF 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 >>
Get the latest research report on PSI - FREE