For investors seeking momentum,
VanEck Vectors Retail ETF (
RTH - Free Report) is probably on radar now. The fund just hit a 52-week high, and is up nearly by 39.1% from its 52-week low price of $79.58/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
The fund focuses on the consumer discretionary segment of the market. It tracks the MVIS US Listed Retail 25 Index and has a large-cap bias. There are 25 holdings in the fund pool with major allocations to Amazon.com, Home Depot and Walmart. The expense ratio is 0.35% (
see all the Consumer Discretionary ETFs).
Why the Move?
The U.S. market has been on the rise thanks to a slew of upbeat economic data — GDP grew at 4.1% annual rate (the
best clip in nearly four years) in Q2. The market has completed its longest bull run in U.S. history and is continuing the uptrend.
The consumer discretionary space has also benefited immensely from higher take-home packages post tax cuts. All these helped consumer spending rise by 0.4% in July, marking the sixth straight month of healthy gains.
More Gains Ahead?
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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.
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Free: See Our Top Stock and 4 Runners Up >>
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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