For investors looking for momentum, SPDR Portfolio S&P 500 Growth ETF (SPYG - Free Report) is probably a suitable pick. The fund just hit a 52-week high, up roughly 32.4% from its 52-week low of $30.31/share.
But does it have more gains in store? Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
SPYG in Focus
The fund seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Growth Index. SPYG is charging 4 bps in fees. The fund has amassed $5.05 billion in AUM.
Why the Move?
Wall Street continues to soar high on Sino-US trade war talks, release of some encouraging U.S. economic data and a decent earnings season. In such a scenario, growth funds are gaining popularity among investors as these tend to outperform in a trending market (i.e. a market characterized by a prolonged uptrend).
More Gains Ahead?
Currently, SPYG has a Zacks Rank #1 (Strong Buy). Moreover, it seems SPYG might remain strong given a positive weighted alpha of 14.6.
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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 looking for momentum, SPDR Portfolio S&P 500 Growth ETF (SPYG - Free Report) is probably a suitable pick. The fund just hit a 52-week high, up roughly 32.4% from its 52-week low of $30.31/share.
But does it have more gains in store? Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
SPYG in Focus
The fund seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Growth Index. SPYG is charging 4 bps in fees. The fund has amassed $5.05 billion in AUM.
Why the Move?
Wall Street continues to soar high on Sino-US trade war talks, release of some encouraging U.S. economic data and a decent earnings season. In such a scenario, growth funds are gaining popularity among investors as these tend to outperform in a trending market (i.e. a market characterized by a prolonged uptrend).
More Gains Ahead?
Currently, SPYG has a Zacks Rank #1 (Strong Buy). Moreover, it seems SPYG might remain strong given a positive weighted alpha of 14.6.
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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