For investors seeking momentum, Vanguard Growth ETF (VUG - Free Report) is probably on radar now. The fund just hit a 52-week high, which is up roughly 23.6% from its 52-week low price of $127.70/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:
VUG in Focus
The fund offers exposure to a basket of large-cap companies. The fund charges investors 5 basis points a year in fees and has top holdings Apple, Amazon and Alphabet (see all large-cap ETFs here).
Why the Move?
An upbeat U.S. economy, solid earnings clip and reconciliation between the United States and European Union on the trade front gave the fund a boost in the recent session.
More Gains Ahead?
The fund has a Zacks Rank #2 (Buy) and a positive weighted alpha of 21.60. So, there is definitely still some promise for those who want to ride on this surging ETF a little longer.
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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, Vanguard Growth ETF (VUG - Free Report) is probably on radar now. The fund just hit a 52-week high, which is up roughly 23.6% from its 52-week low price of $127.70/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:
VUG in Focus
The fund offers exposure to a basket of large-cap companies. The fund charges investors 5 basis points a year in fees and has top holdings Apple, Amazon and Alphabet (see all large-cap ETFs here).
Why the Move?
An upbeat U.S. economy, solid earnings clip and reconciliation between the United States and European Union on the trade front gave the fund a boost in the recent session.
More Gains Ahead?
The fund has a Zacks Rank #2 (Buy) and a positive weighted alpha of 21.60. So, there is definitely still some promise for those who want to ride on this surging ETF a little longer.
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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