In the last trading session, U.S. stocks rallied on a better-than-expected jobs report for December and Powell’s comments. Among the top ETFs, investors saw SPY and DIA gaining 3.3%, and QQQ move 4.3% higher 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.
PALL: Volume 5.85 Times Average
This palladium ETF was under the microscope as 118,000 shares moved hands. This compares with an average trading day of roughly 22,000 shares and came as PALL gained 3% in the trading session.
The big move was largely the result of record palladium prices due to strong demand by a global shift from diesel to gasoline and hybrid vehicles. PALL has climbed 8.6% over the past month and carries a Zacks ETF Rank #3 (Hold) with a High risk outlook.
BSV: Volume 5.16 Times Average
This short-term Treasury ETF was in the spotlight as around 13.2 million shares moved hands compared with average 2.7 million shares a day. We also saw some price movement as BSV lost 0.2% in the last session.
The movement can largely be blamed on optimism over U.S-China trade talks and a strong jobs report that led to increase in Treasury yields. Yields and bond prices have inverse relationship. BSV has added 0.9% in a month’s time.
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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 rallied on a better-than-expected jobs report for December and Powell’s comments. Among the top ETFs, investors saw SPY and DIA gaining 3.3%, and QQQ move 4.3% higher 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.
PALL: Volume 5.85 Times Average
This palladium ETF was under the microscope as 118,000 shares moved hands. This compares with an average trading day of roughly 22,000 shares and came as PALL gained 3% in the trading session.
The big move was largely the result of record palladium prices due to strong demand by a global shift from diesel to gasoline and hybrid vehicles. PALL has climbed 8.6% over the past month and carries a Zacks ETF Rank #3 (Hold) with a High risk outlook.
BSV: Volume 5.16 Times Average
This short-term Treasury ETF was in the spotlight as around 13.2 million shares moved hands compared with average 2.7 million shares a day. We also saw some price movement as BSV lost 0.2% in the last session.
The movement can largely be blamed on optimism over U.S-China trade talks and a strong jobs report that led to increase in Treasury yields. Yields and bond prices have inverse relationship. BSV has added 0.9% in a month’s time.
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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