For investors seeking momentum, VanEck Vectors Biotech ETF (BBH - Free Report) is probably on the radar now. The fund just hit a 52-week high and is up about 32% from its 52-week low price of $103.25/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:
BBH in Focus
BBH focuses on the biotechnology segment of the U.S. market and measures the performance of companies involved in the development and production, marketing and sales of drugs based on genetic analysis and diagnostic equipment. The fund has a large-cap focus with key holdings in Amgen (AMG - Free Report) , Celgene and Gilead Sciences (GILD - Free Report) . It charges investors 35 basis points a year in fees (see: all the Healthcare ETFs here).
Why the Move?
The biotech corner of the broad healthcare sector has been an area to watch lately given the astounding performance this quarter. The flurry of positive news flow, including trial results and deal activities, and better-than-expected corporate earnings have fueled the rally in the sector. Additionally, uncertainty over trade deal added to the strength given that the sector is non-cyclical in nature, which provides a defensive tilt to the portfolio.
More Gains Ahead?
Currently, BBH has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting continued outperformance in the months ahead. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.
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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, VanEck Vectors Biotech ETF (BBH - Free Report) is probably on the radar now. The fund just hit a 52-week high and is up about 32% from its 52-week low price of $103.25/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:
BBH in Focus
BBH focuses on the biotechnology segment of the U.S. market and measures the performance of companies involved in the development and production, marketing and sales of drugs based on genetic analysis and diagnostic equipment. The fund has a large-cap focus with key holdings in Amgen (AMG - Free Report) , Celgene and Gilead Sciences (GILD - Free Report) . It charges investors 35 basis points a year in fees (see: all the Healthcare ETFs here).
Why the Move?
The biotech corner of the broad healthcare sector has been an area to watch lately given the astounding performance this quarter. The flurry of positive news flow, including trial results and deal activities, and better-than-expected corporate earnings have fueled the rally in the sector. Additionally, uncertainty over trade deal added to the strength given that the sector is non-cyclical in nature, which provides a defensive tilt to the portfolio.
More Gains Ahead?
Currently, BBH has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting continued outperformance in the months ahead. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those 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 >>
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