Back to top

Press Releases

For Immediate Release

Chicago, IL – November 30, 2016 – 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 iShares PHLX Semiconductor ETF (NASDAQ:(SOXX - Free Report) Free Report), PowerShares Aerospace & Defense Portfolio (NYSEARCA:(PPA - Free Report) Free Report), PowerShares Dynamic Leisure and Entertainment Fund (NYSEARCA:(PEJ - Free Report) Free Report), Microchip Technology Inc. (NASDAQ:(MCHP - Free Report) Free Report) and Wendy's Company (NASDAQ:(WEN - Free Report) Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Tuesday’s Analyst Blog:

Top-Ranked ETFs & Stocks Soaring to All-Time Highs

The U.S. stock market sentiment is extremely bullish with most of the stocks and ETFs hitting all-time highs. An improving U.S. economy, rising oil prices, moderation of dollar strength, President-elect Donald Trump’s proposals, return to earnings growth and holiday optimism triggered off risk-on sentiments over the last few weeks. Additionally, hopes of a sooner-than-expected rates hike (as soon as December) added to the strength.

While there are winners in every corner of the space, we have highlighted four high-flying ETFs and stocks that could be compelling choices for investors seeking to ride out the holiday season rally in the weeks ahead. This is especially true given that these have a top Zacks Rank #1 (Strong Buy) or #2 (Buy), suggesting their outperformance to continue.

Top ETFs

iShares PHLX Semiconductor ETF (NASDAQ:(SOXX - Free Report) Free Report )

Being a cyclical sector, semiconductor ETFs tend to move higher with market rallies. Ongoing consolidations, emerging technologies and impressive earnings from leaders in the industry added to the strength. SOXX follows the PHLX SOX Semiconductor Sector Index and offers exposure to 30 U.S. firms with heavy concentration on the top five firms at 40.2% of assets (read: 4 ETFs Deserving Special Thanks).

The fund has amassed $688 million in its asset base and trades in volume of about 548,000 shares a day. The product charges an annual fee of 48 bps a year from investors. The fund hit 52-week high of $120.84, representing a gain of 35.3% so far this year and has a Zacks Rank #2.

PowerShares Aerospace & Defense Portfolio (NYSEARCA:(PPA - Free Report) Free Report )

The defense sector has been roaring especially after Trump’s victory. This is especially true as Trump intends to build a strong U.S. military base worldwide and vowed to increase military spending in U.S. and overseas. This ETF offers exposure to 51 companies that are involved in the development, manufacturing, operations as well as support U.S. defense, homeland security and aerospace operations. It tracks the SPADE Defense Index, charging 64 bps in annual fees from investors. Each security holds less than 7.2% of the portfolio.

The fund has so far managed assets of $422.4 million while trades in a lower average daily volume of about 80,000 shares. It hit a fresh high of $42.72 per share, and has moved higher by about 21% in the year-to-date timeframe. It has a Zacks ETF Rank of #1 (read: Sector ETFs Hitting 52-Week High on Trump's Victory ).

PowerShares Dynamic Leisure and Entertainment Fund (NYSEARCA:(PEJ - Free Report) Free Report )

With holiday optimism, an improving retail sales trend, and encouraging economic and industry fundamentals, consumer discretionary ETFs have been showing huge strength. This leisure and entertainment ETF surged to a new high of $40.67 per share, having gained 9.4% this year. The fund tracks the Dynamic Leisure and Entertainment Intellidex Index and holds a small basket of 29 stocks with none holding more than 6.71% share. From an industrial look, the fund is heavy on airlines and restaurants that collectively make up for 65% share, closely followed by hotels & leisure facilities (11%).

The ETF has amassed $135 million in its asset base and trades in a light volume of 35,000 shares a day on average. Expense ratio comes in at 0.61%. PEJ has a Zacks ETF Rank #2.

Top Stocks

Microchip Technology Inc. (NASDAQ:(MCHP - Free Report) Free Report)

This Arizona-based company develops and manufactures specialized semiconductor products used by its customers for a wide variety of embedded control applications. It saw a positive earnings estimate revision of 22 cents for fiscal 2016 over the past 30 days, with an expected growth rate of 29.07%. Shares of MCHP surged about 42% this year to hit fresh high of $66.81. The stock has a Zacks Rank #1 and VGM Style Score of ‘C.’

The Wendy's Company (NASDAQ:(WEN - Free Report) Free Report)

This Ohio-based company is the world's third-largest quick-service hamburger company. Its earnings estimate revision has gone up by a penny for the current fiscal year with an expected growth rate of 23.57%. Shares of WEN reached an all-time high of $13.16 and are up 23.6% in the year-to-date timeframe. The stock has a Zacks Rank #2 and VGM Style Score of ‘D.’

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 >>

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.

Get the full Report on SOXX - FREE

Get the full Report on PPA - FREE

Get the full Report on PEJ - FREE

Get the full Report on MCHP - FREE

Get the full Report on WEN - FREE

Follow us on Twitter: https://twitter.com/zacksresearch

Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com/

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.

Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »