Monday, June 1, 2020

Re-Opening on the Horizon

Monday, June 1, 2020 - After another mixed week in the market, we are starting to see more and more investor optimism over a potential re-opening of the US economy. We saw 3.75% gain this week for the Dow Jones Industrial Average, 3.01% gain for the S&P 500, and a 1.77% gain for the Nasdaq Composite. On a 4-day week in the market, Tuesday and Wednesday opened with high gains on news of a potential reopening of the US economy coming soon, aided by positive reports on Covid-19 vaccine/prevention programs. The large gains from these two days were pulled back on Thursday after news of President Trump announcing a response to the escalating US-China tensions after China put stricter security laws into Hong Kong. Friday, President Trump did not mention anything about trade sanctions between the two countries, which ended the week’s close on a stronger note. Overall, the markets approach their highs before the Coronavirus impacted the US economy; edging closer to a potential re-opening can only provide more optimism for investors.

ETFG Quant Movers - We highlight those ETFs with the largest movement in our ETFG Quant Score.

ETFG Quant Winners: The ETFs with the biggest percentage increase in their ETFG Quant Score this week were PNQI, LDRS, JKD, JPLS, and SKYY with 35.71%, 31.29%, 29.12%, 28.52%, and 27.16% gains respectively. What’s worthy to note is that 2nd and 3rd place % Gainers, LDRS and JKD, are two ETFs that seek to track the overall US markets and the largest US Companies, and this may coincide with the overall positive week the US market had.

ETFG Quant Losers: The ETFs with the biggest percentage decrease in their ETFG Quant Score this week were FNDE, PWV, EDIV, QDEF and FDG, with % losses of -25.99%, -20.44%, -20.02%, -19.82%, and -19.80% respectively. The 1st and 3rd biggest losers, FNDE and EDIV, are both emerging markets ETFs, which can be attributed to the tumultuous weeks that emerging markets such as China and Brazil faced.

Lastly, we’ll look at the ETFG Weekly Select List and compare this week’s list to the previous week.

ETFG Weekly Select List - The five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model.  We highlight the ‘Sector’ Category where we see some of the biggest movers this week include:

· CIBR (First Trust Nasdaq Cybersecurity ETF), which moved from 3rd place to 1st place this week in the ‘Technology’ sub-focus.
· XLF (Financial Select Sector SPDR Fund), which went from unranked the previous week to 1st place this week in the ‘Financials’ sub-focus.
· FXG (First Trust Consumer Staples AlphaDEX Fund), which went from unranked the previous week to 2nd place this week in the ‘Consumer Staples’ sub-focus.

Thanks for reading ETF Global Perspectives!

ETFG 21 Day Free Trial: https://www.etfg.com/signup/quick

_______________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.

In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income.

Tuesday, May 26, 2020

Phase 1

Tuesday, May 26, 2020 - All three major indexes gained at least 3% this week, in part driven by optimism that coronavirus vaccines will be available later this year. Additionally, all 50 states have relaxed some of their coronavirus restrictions, stirring hopes about an economic rebound as municipalities start to reopen. The S&P 500 and Dow added 3.2% and 3.3%, respectively, for the week, while the Nasdaq climbed 3.4%.

ETFG Equity Exposure Report - For the first quarter, Nvidia posted adjusted EPS of $1.80, which beat expectations comfortably and reflected earnings growth of 105%. Revenue grew 38.7% year-over-year, landing at $3.08 billion, also ahead of consensus. Looking inside the numbers, Gaming revenue grew 27% to $1.34 billion, while the Data Center simply exploded in the pandemic impacted environment, up 80% to $1.14 billion. Moving toward the smaller business segments, Professional Visualization increased 15% to $307 million, and some of the same forces that propelled demand for Data Center services negatively impacted demand for the Automotive space. That line contracted 7% to $155 million. The ETFs weighted most heavily with Nvidia Corp. (NVDA) stock are the Global X Funds Global X Robotics & Artificial Intelligence ETF (BOTZ), the ProShares Ultra Semiconductors (USD), the VanEck Vectors Video Gaming and eSports ETF (ESPO) and the VanEck Vectors Semiconductor ETF (SMH).

ETFG Quant Movers - This week, something different, as we are highlighting the ETFs that saw the largest movement in our ETFG Quant Fundamental Score.

ETFG Quant Winners: The ETFs with the biggest percentage increase in their ETFG Quant Fundamental Score this week were the Global X SuperIncome Preferred ETF (SPFF), the First Trust NASDAQ Technology Dividend Index Fund (TDIV), the iPath S&P MLP ETN (IMLP), the iShares MSCI World ETF (URTH), and the Invesco WilderHill Clean Energy ETF (PBW).

ETFG Quant Losers: The ETFs with the biggest percentage decrease in their ETFG Quant Fundamental Score this week were the VanEck Vectors Gaming ETF (BJK), the CSIM Schwab U.S. Small-Cap ETF (SCHA), the Invesco Preferred ETF (PGX), the First Trust Canada AlphaDEX Fund (FCAN) and the Vanguard Small Cap ETF (VB).

ETFG Weekly Select List - The five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model.

This week we will look at the ETFs focusing on Broad Equity exposure. The 5 ETFs with the highest Broad Equity ratings from our ETFG Quant model include: the First Trust Canada AlphaDEX Fund (FCAN), the Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ), the iShares MSCI South Africa ETF (EZA), the First Trust United Kingdom AlphaDEX Fund (FKU) and the First Trust Multi Cap Value AlphaDEX Fund (FAB).

Thanks for reading ETF Global Perspectives!

ETFG 21 Day Free Trial: https://www.etfg.com/signup/quick

_______________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.

In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income.

Monday, May 25, 2020

Memorial Day 2020

Monday, May 25, 2020 - We send our warmest wishes, along with those from our sister companies VETS Indexes and The Expert Series, on this Memorial Day 2020.  We want to express our deepest gratitude for the ultimate sacrifice of our fallen heroes. We are forever grateful for your service to our country and our people.





















Thanks for reading ETF Global Perspectives!

ETFG 21 Day Free Trial:  https://www.etfg.com/signup/quick

_______________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.  In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor.

Saturday, May 23, 2020

ETFG Portfolio Challenge Winners & Special Offers from Kaplan Schweser!

Saturday, May 23, 2020 - After 12 weeks, the Spring 2020 ETF Global® Portfolio Challenge has come to an exciting conclusion! Despite a period of unprecedented volatility, participants in the global competition were still able to uphold their impressive performance record and build resilient, high-performing portfolios.

Please see all contest information here:  https://etfportfoliochallenge.com/

Here are the Top 5 winners:










Here are the 6-25 Place Finishers:



















2 Special Offers from Kaplan Schweser:
All you need to take advantage of the below two offers is to participate in a few Kaplan Schweser focus groups.

1.   Up to 5 complimentary, premium CFA study packages, on a first-come-first served basis, for participants in North America. This is a $1,500 study package for the CFA exam from Kaplan Schweser -- for free. This Premium Plus study package covers the CFA Level 1 exam in December 2020 (please see link for further details: https://www.schweser.com/cfa/level-1/study-packages/premium-plus).

2.   All those that express interest but are not quick enough to get the above prize, will be given a Schweser's Secret Sauce ebook valued @ $139 - please see link for further details -  https://www.schweser.com/cfa/level-1/study-materials/secret-sauce?3938_activeOption=1

To take advantage of the above, simply reach out to Paul Kovarsky of Kaplan at paul.kovarsky@kaplan.com before June 1, 2020.  Selected recipients of the FREE Premium Plus study packages for the CFA Level 1 exam will be notified by email before June 8, 2020.

Please join us in congratulating this semester's winners and stay tuned for our Fall 2020 ETF Global® Portfolio Challenge!

Thanks for reading ETF Global Perspectives!

ETFG 21 Day Free Trial: https://www.etfg.com/signup/quick

_______________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.

In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income.

Monday, May 18, 2020

What Will Reopening Really Bring?

Monday, May 18, 2020 - Stocks recorded their biggest, weekly percentage drop in nearly two months last week, a sign that recent gains are just one step of what many analysts say will be a long and painful recovery.

While many investors remain hopeful that stimulus measures from central banks and governments will ease pressure on the world economy, there is growing belief that the fallout from the coronavirus pandemic will last longer than anticipated. Fueling the caution: the prospect that lockdowns could linger or stimulus measures could prove insufficient to keep pace with job losses and business closures.

The S&P 500 fell 2.3% last week, recording its biggest weekly drop since the extreme volatility of mid-March. Stocks have bounced 28% above their multiyear lows from that month but remain 15% below their February records.

ETFG Equity Exposure Report - Microsoft, UnitedHealth launch coronavirus screening app. The ProtectWell app from Microsoft (NASDAQ:MSFT) and UnitedHealth Group (NYSE:UNH) lets companies screen employees daily for potential coronavirus symptoms and directs the worker to be tested, if necessary. The app, available free for U.S. employers, also includes resources and guidelines for worker testing schedules based on their level of potential exposure. ProtectWell doesn't provide tracking and contact tracing information, standing apart from the efforts of Apple and Google. UnitedHealth is in charge of the included healthcare data. The ETFs weighted most heavily with Microsoft Corp. stock are the SSgA Technology Select Sector SPDR (XLK), the iShares Russell Top 200 Growth ETF (IWY), the Vanguard Information Technology ETF (VGT), the Fidelity MSCI Information Technology Index ETF (FTEC) and the iShares Global Tech ETF (IXN).

ETFG Quant Movers - This week, something different, as we are highlighting the ETFs that saw the largest movement in our ETFG Quant Behavioral Score.

ETFG Quant Winners: The ETFs with the biggest percentage increase in their ETFG Quant Behavioral Score this week were the Innovator IBD ETF Leaders ETF (LDRS), the Fidelity International Value Factor ETF (FIVA), the iShares MSCI Poland ETF (EPOL), the iPath S&P MLP ETN (IMLP), and the JPMorgan Long/Short ETF (JPLS).

ETFG Quant Losers: The ETFs with the biggest percentage decrease in their ETFG Quant Behavioral Score this week were the First Trust Preferred Securities and Income ETF (FPE), the CSIM Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE), SPDR Solactive Japan ETF (ZJPN), the SPDR Solactive Germany ETF (ZDEU) and theALPS Sector Dividend Dogs ETF (SDOG).

ETFG Weekly Select List - The five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model.

This week we are focusing on Alpha-Seeking strategies as investors may be leaning away from passive investing and looking at ways to generate performance based on risk/return metrics. The 5 ETFs with the highest Alpha-Seeking ratings from our ETFG Quant model include: the Validea Market Legends ETF (VALX), the Invesco S&P Spin-Off ETF (CSD), the Invesco Raymond James SB-1 Equity ETF (RYJ), the Invesco BuyBack Achievers ETF (PKW) and the Cambria Shareholder Yield ETF (SYLD).

Thanks for reading ETF Global Perspectives!

ETFG 21 Day Free Trial: https://www.etfg.com/signup/quick

______________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.

In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income.

Monday, May 11, 2020

A Little Light in a Murky Tunnel

Monday, May 11, 2020 - Markets this week were able to look past unprecedented U.S. unemployment numbers for the month of April being released with 20.5 million Americans out of work and an unemployment rate of 14.7% - the highest in more than 80 years, going on to stage a strong rally on Friday with Technology and Energy leading the way.  Of important note, approximately 80% of the job cuts last month were reported to be temporary layoffs, providing some encouragement that many will return to work once the coast is clear.  Investors took advantage of perceived undervaluation in the leading FANG stocks, while giving oil its first back-to-back weekly gains since February and the Energy sector a sizable boost.  This seems to be due to output cuts progressing quicker than originally anticipated, coupled with rising expected economic activity as parts of the global economy open up and restrictions are relaxed slowly with cautious optimism.  While overall health and economic challenges related to COVID-19 persist, there appears to be a bit of light emerging with increased investment in healthcare solutions and technology to fight back.  Of the 87% of S&P 500 constituents reporting Q1 2020 earnings to date, 68% have beat EPS estimates and 60% have surpassed revenue expectations.  Q1 earnings per share reported so far show being down 7.1% year-over-year vs the expectation of a 16% drop, while revenues reported to-date for Q1 came in up 0.9% year-over-year.

This week saw the Nasdaq claim positive territory for the year, rising by 6.0% by Friday’s close.  The S&P 500 Index followed with a 3.5% gain, and the Dow Jones Industrial Average rose 2.56%.

ETFG Equity Exposure Report - California-based diagnostic testing company, Quidel Corp. (QDEL), was first to be granted emergency FDA authorization to use the company’s new antigen test - Sofia 2 SARS Antigen FIA, which uses nasal swabs to detect presence of COVID-19. This is a big break in the Coronavirus battle, as antigen tests deliver results quickly and are relatively easy to produce with Quidel pledging to up production from 200,000 this week to over 1 million in the coming weeks.  The ETFs weighted most heavily with Quidel Corp. are the Janus Henderson Small Cap Growth Alpha ETF (JSML), the SSgA SPDR S&P Health Care Equipment ETF (XHE), the Invesco DWA Healthcare Momentum ETF (PTH), the Franklin Templeton Genomic Advancements ETF (HELX), and the ROBO Global Healthcare Technology and Innovation ETF (HTEC).

ETFG Quant Movers - The ETFs that had the largest weekly change in their respective, overall ETFG Quant ratings.

ETFG Quant Winners: This week, we are highlighting the ETFs that saw the largest movement in our ETFG Quant Total Score.

The ETFs with the biggest percentage increases in their ETFG Quant Total Score this week were the iPath S&P MLP ETN (IMLP), the Innovator IBD ETF Leaders ETF (LDRS), the Franklin FTSE Europe Hedged ETF (FLEH), the Global X SuperIncome Preferred ETF (SPFF), and the VictoryShares Developed Enhanced Volatility Wtd ETF (CIZ).

ETFG Quant Losers: The ETFs with the biggest percentage decreases in their ETFG Quant Total Score this week were the First Trust Preferred Securities and Income ETF (FPE), the Invesco S&P 500 Top 50 ETF (XLG), the Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE), the Elements Spectrum ETN (EEH), and the First Trust Switzerland AlphaDEX Fund (FSZ).

ETFG Weekly Select List - The five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model.

The energy sector emerged with the highest ETFG Quant scores for the second straight week, following back-to-back weekly gains in oil prices, along with increasing cuts in overall output moving along more rapidly than earlier thought.  The 5 ETFs in the Energy sector with the highest ratings from our ETFG Quant model include: the Invesco S&P 500 Equal Weight Energy ETF (RYE), the Invesco DWA Energy Momentum ETF (PXI), the SPDR S&P Oil & Gas Equipment & Services ETF (XES), the Invesco Dynamic Energy Exploration & Production ETF (PXE) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP),

Thanks for reading ETF Global Perspectives!

ETFG 21 Day Free Trial: https://www.etfg.com/signup/quick

_______________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.

In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income.

Monday, May 4, 2020

A Partial Reopening

Monday, May 4, 2020 - The markets kicked off the week with hopeful expectations that overall COVID-19 cases were ticking down throughout the country and reprieve from the ongoing lockdown was on the way with some parts of the country relaxing restrictions. News of a possible treatment for patients helped spark a rally for markets on Wednesday. Gilead Sciences announced that its drug, Remdesivir, had performed well in a large trial in reducing the severity of the disease.

Major indices ended slightly lower for the week after a sizable Friday selloff, partly fueled by an unexpected flare-up in the U.S.-China trade rhetoric. They were able to shake off news that first quarter GDP contracted 4.8% vs. the expected decline of -3.5% and closed out April on a high note. The markets posted their best monthly gains in decades with the Dow and the S&P 500 both charting their best monthly performance since January 1987. The Dow climbed 11.1%, and the S&P 500 rose 12.7%. The Nasdaq Composite gained 15.4% for the month, its best performance since June 2000.  The markets were also encouraged by the Fed ensuring their plan to keep rates at 0-.25% for the foreseeable future. For the week, The Dow Jones Industrial Average and the S&P 500 Index both declined -0.2%, while the Nasdaq experienced a -0.3% loss as of Friday’s close.

ETFG Equity Exposure Report - Amazon.com (AMZN), reported after the close of trading Thursday and beat consensus revenue expectations as shoppers increasingly turned to online purchasing amid the pandemic, keeping them away from brick and mortar stores. Amazon’s earnings fell as the company spent heavily to keep up with booming demand. Shares dropped sharply on Friday on news that the House Judiciary Committee had asked CEO Jeff Bezos to testify about allegations that the company had earlier misled Congress on how it interacted with third-party sellers on its site, leading to a painful -7.6% drop in Friday trading. Even so, digital commerce is still expected to remain a bright spot in an otherwise fragile economic recovery.  The ETFs weighted most heavily with Amazon.com stock are the Vanguard Consumer Discretionary ETF (VCR), the Consumer Discretionary Select Sector SPDR ETF (XLY), the VanEck Vectors/Retail ETF (RTH), the ProShares Trust Online Retail ETF (ONLN), and the ProShares Long Online/Short Stores ETF (CLIX).

ETFG Quant Movers - The ETFs that had the largest weekly change in their respective, overall ETFG Quant ratings.

ETFG Quant Winners: This week, we are highlighting the ETFs that saw the largest movement in our ETFG Quant Total Score. The ETFs with the biggest percentage increases in their ETFG Quant Total Score this week were the iPath S&P MLP ETN (IMLP), the Innovator IBD ETF Leaders ETF (LDRS), the Franklin FTSE Europe Hedged ETF (FLEH), the Global X SuperIncome Preferred ETF (SPFF), and theVictoryShares Developed Enhanced Volatility Wtd ETF (CIZ).

ETFG Quant Losers: The ETFs with the biggest percentage decreases in their ETFG Quant Total Score this week were the First Trust Preferred Securities and Income ETF (FPE), the Invesco S&P 500 Top 50 ETF (XLG), the Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE), the Elements Spectrum ETN (EEH), and the First Trust Switzerland AlphaDEX Fund (FSZ).

ETFG Weekly Select List - The five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model. After taking a beating in the preceding weeks, the energy sector emerged strong this week with production cuts beginning to take hold and U.S. Oil Price Futures rising nearly 17% by Friday’s close. The 5 ETFs in the Energy sector with the highest ratings from our ETFG Quant model include: the Invesco Dynamic Energy Exploration & Production ETF (PXE), the SPDR S&P Oil & Gas Equipment & Services ETF (XES), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), the First Trust Natural Gas ETF (FCG), and the Invesco S&P SmallCap Energy ETF (PSCE).

Thanks for reading ETF Global Perspectives!

ETFG 21 Day Free Trial: https://www.etfg.com/signup/quick

_______________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.

In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income.