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The Zacks Analyst Blog Highlights MLPO, CHIR, KWEB, FDNI, TUR and JJT
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For Immediate Release
Chicago, IL – December 2, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: CS S&P MLP Index ETN , Global X MSCI China Real Estate ETF , KraneShares Trust CSI China Internet ETF (KWEB - Free Report) , First Trust Dow Jones International Internet ETF (FDNI - Free Report) , Turkey iShares MSCI ETF (TUR - Free Report) and iPatha.B Tin Subindex TR ETN .
Here are highlights from Thursday’s Analyst Blog:
Best ETF Areas of November
November has been a good month for the U.S. stock market. Hopes of smaller interest rate hikes from December thanks to a slight decline in inflation renewed investors' risk-on trading. However, renewed COVID-19 outbreaks in China and the resultant lockdowns as well as a weakening global growth outlook continued to weigh on sentiments.
Additionally, the holiday season started on a strong note despite concerns about inflation and higher prices. Consumers spent a record $9.12 billion, up 2.3% year over year, on online shopping during Black Friday this year, according to Adobe.
Holiday spending is expected to be healthy despite inflationary challenges, with retail sales likely to grow 6-8% from the 2021 level during November and December to $942.6-$960.4 billion, per the National Retail Federation. Holiday online sales are forecast to increase 10-12% to $262.8-$267.6 billion, up from $238.9 billion in 2021.
Overall, the S&P 500, the Dow Jones, the Nasdaq and the Russell 2000 gained 8.5%, 7.6%, 9% and 5.5%, respectively past month. Against this backdrop, below we highlight a few winning ETF areas of November.
MLP
CS S&P MLP Index ETN – Up 191.6%
MLPs have relatively consistent cash flows, making them less risky than the other plays in the broader energy space. These represent an attractive investment option for income-focused investors as MLPs pay out substantially all their income to investors on a regular basis.
Credit Suisse S&P MLP ETN is linked to the S&P MLP Index, which includes both master limited partnerships and publicly traded limited liability companies having a similar legal structure to MLPs and sharing the same tax benefits.
China
Global X MSCI China Real Estate ETF – Up 53.9%
KraneShares Trust CSI China Internet ETF – Up 48.9%
The dual tailwind of easing tensions between the United States and China as well as the easing of zero-COVID restrictions triggered a huge rally. Investors now see warmer ties between the world's two largest economies after the G20 (Group of Twenty) summit, reducing delisting risks for hundreds of New York-listed Chinese firms and boosting the outlook for trade. Additionally, China's supportive measures to its struggling housing market added to the strength.
Internet
First Trust Dow Jones International Internet ETF – Up 31.6%
November was all about global shopping online events like Black Friday. This has benefited the online and internet ETF. Plus, the fund has decent weight in China. Policy easing in China has also boosted the space.
Turkey
Turkey iShares MSCI ETF – Up 28.3%
The Borsa Istanbul 100 Index has been hovering around a record high as investors continue to use equities as a hedge for surging prices and a falling lira. The central bank has been slashing rates massively, adding to the 850 bps reduction of the key rate since September 2021, per tradingeconomics. This has bolstered the equity market.
Tin
iPatha.B Tin Subindex TR ETN– Up 27.4%
Chinese authorities announced further support to the country's giant but debt-ridden property sector. This raised expectations of stronger demand for construction inputs.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights MLPO, CHIR, KWEB, FDNI, TUR and JJT
For Immediate Release
Chicago, IL – December 2, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: CS S&P MLP Index ETN , Global X MSCI China Real Estate ETF , KraneShares Trust CSI China Internet ETF (KWEB - Free Report) , First Trust Dow Jones International Internet ETF (FDNI - Free Report) , Turkey iShares MSCI ETF (TUR - Free Report) and iPatha.B Tin Subindex TR ETN .
Here are highlights from Thursday’s Analyst Blog:
Best ETF Areas of November
November has been a good month for the U.S. stock market. Hopes of smaller interest rate hikes from December thanks to a slight decline in inflation renewed investors' risk-on trading. However, renewed COVID-19 outbreaks in China and the resultant lockdowns as well as a weakening global growth outlook continued to weigh on sentiments.
Additionally, the holiday season started on a strong note despite concerns about inflation and higher prices. Consumers spent a record $9.12 billion, up 2.3% year over year, on online shopping during Black Friday this year, according to Adobe.
Holiday spending is expected to be healthy despite inflationary challenges, with retail sales likely to grow 6-8% from the 2021 level during November and December to $942.6-$960.4 billion, per the National Retail Federation. Holiday online sales are forecast to increase 10-12% to $262.8-$267.6 billion, up from $238.9 billion in 2021.
Overall, the S&P 500, the Dow Jones, the Nasdaq and the Russell 2000 gained 8.5%, 7.6%, 9% and 5.5%, respectively past month. Against this backdrop, below we highlight a few winning ETF areas of November.
MLP
CS S&P MLP Index ETN – Up 191.6%
MLPs have relatively consistent cash flows, making them less risky than the other plays in the broader energy space. These represent an attractive investment option for income-focused investors as MLPs pay out substantially all their income to investors on a regular basis.
Credit Suisse S&P MLP ETN is linked to the S&P MLP Index, which includes both master limited partnerships and publicly traded limited liability companies having a similar legal structure to MLPs and sharing the same tax benefits.
China
Global X MSCI China Real Estate ETF – Up 53.9%
KraneShares Trust CSI China Internet ETF – Up 48.9%
The dual tailwind of easing tensions between the United States and China as well as the easing of zero-COVID restrictions triggered a huge rally. Investors now see warmer ties between the world's two largest economies after the G20 (Group of Twenty) summit, reducing delisting risks for hundreds of New York-listed Chinese firms and boosting the outlook for trade. Additionally, China's supportive measures to its struggling housing market added to the strength.
Internet
First Trust Dow Jones International Internet ETF – Up 31.6%
November was all about global shopping online events like Black Friday. This has benefited the online and internet ETF. Plus, the fund has decent weight in China. Policy easing in China has also boosted the space.
Turkey
Turkey iShares MSCI ETF – Up 28.3%
The Borsa Istanbul 100 Index has been hovering around a record high as investors continue to use equities as a hedge for surging prices and a falling lira. The central bank has been slashing rates massively, adding to the 850 bps reduction of the key rate since September 2021, per tradingeconomics. This has bolstered the equity market.
Tin
iPatha.B Tin Subindex TR ETN– Up 27.4%
Chinese authorities announced further support to the country's giant but debt-ridden property sector. This raised expectations of stronger demand for construction inputs.
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.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.