For investors seeking momentum, iShares S&P 500 Growth ETF (IVW - Free Report) is probably on radar. The fund just hit a 52-week high and is up roughly 37% from its 52-week low price of $140.75/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:
IVW in Focus
IVW provides exposure to growth stocks of the large-cap segment with key holdings in information technology, consumer discretionary and communications. The product charges 18 basis points in fees (see: all the Large Cap Growth ETFs here).
Why the Move?
The growth space of the U.S. stock market has been an area to watch lately, given that the major bourses hit new all-time highs. The latest rally can be attributed to the positive trade developments as well as the latest upbeat data, especially on the job and housing front. In particular, growth stocks are leading the rally as these tend to outperform in a trending market (i.e. a market characterized by a prolonged uptrend).
More Gains Ahead?
Currently, IVW 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, iShares S&P 500 Growth ETF (IVW - Free Report) is probably on radar. The fund just hit a 52-week high and is up roughly 37% from its 52-week low price of $140.75/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:
IVW in Focus
IVW provides exposure to growth stocks of the large-cap segment with key holdings in information technology, consumer discretionary and communications. The product charges 18 basis points in fees (see: all the Large Cap Growth ETFs here).
Why the Move?
The growth space of the U.S. stock market has been an area to watch lately, given that the major bourses hit new all-time highs. The latest rally can be attributed to the positive trade developments as well as the latest upbeat data, especially on the job and housing front. In particular, growth stocks are leading the rally as these tend to outperform in a trending market (i.e. a market characterized by a prolonged uptrend).
More Gains Ahead?
Currently, IVW 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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