Back-to-School-Week

Tuesday, September 5, 2017 – this back-to-school week follows an eventful one given the arrival and aftermath of Hurricane Harvey in Houston and the news that North Korea launched a missile over Japan. As expected, energy stocks were greatly impacted and ended up .92% this week while Gas prices reached a 2 year high. Despite all of the above, some positive economic news helped the market move higher for the week.  Specifically, the GDP increased by 3% and the Employment Report reflected that the US added 156,000 jobs in August.

The Dow Jones Industrial Average finished up .8% for the week, the S&P 500 was up 1.4% and NASDAQ was up 2.7%. With Labor Day weekend, volume was down this week and we did see an increase in volatility. Healthcare and Technology were the top 2 performing sectors gaining 2.89% and 1.87%, while Financials and Utilities were the only sectors down for the week, .16% and .62% respectively. The tech sector was helped by the big tech firms, Facebook (FB), Amazon (AMZN) and Google (GOOG) having strong showings.

One of the biggest pieces of news this week was Gilead Science’s planned acquisition of Kite Pharma. The ETF Global ETF Exposure Report shows which ETFs have the most exposure to Gilead - there is roughly 6.2B of Gilead held in ETFs. The biggest holders of Gilead in terms of percentage of the fund are BBH, VanEck Vectors Biotech ETF, which holds 10%, IBB, ishares Nasdaq Biotech ETF and  BIB, Proshares Ultra Nasdaq Biotech ETF, both hold 7.92%.

The biggest movers in our ETF Global Quant Movers section were AMZA, Infracap MLP ETF, GURI  Global X Guru International Index ETF, FPE First Trust Preferred Securities and Income ETF as the biggest movers.  AMZA had an increase of 29.83% in their ETFG Quant score, GURI quant score by  28.32%, and FPE quant score increased by 27.3%   On the flip side this week the Biggest losers were  DES, WisdomTree Smallcap Dividend Fund, EWG Ishares MSCI Germany ETF, EWT ishares MSCI Taiwan Capped ETF. They lost 21.13%, 18.6% and 18.48% respectively.

ETFG Weekly Select List - This week on the ETF Global Select List, we had a few ETFs make the jump from the bottom of our top 5 in their respective categories and one ETF that made the jump from being unranked last week. QQQE, Direxion NASDAQ 100 Equal Weighted Index Shares, made the jump from unranked to number in 1 in the North American Category. While the following ETFs went from number 4 to 1 this week:  MLPA, Global X MLP ETF in the Energy category, XPH SPDR S&P Pharmaceuticals ETF in the HealthCare category and FCOM, Fidelity MSCI Telecommunication Services Index ETF in the telecommunications category.

We suggest always reviewing ETFG Quant Movers Daily % and the ETFG Weekly Select List when big events occur that affect financial markets to zero in on attractive plays and sudden changes in our ratings outlook.

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