Monday, November 13, 2017 - Global equities reached all-time highs last week before dropping off at the end of the week. The Dow Jones Industrial Average ended the week down .5% and both the S&P and NASDAQ ended down .2%. The yield on the 10-year Treasury crept up 4 basis points from 2.34% to 2.38%. Oil prices rose as well from $54.6 per barrel to $57.2 per barrel driven primarily by the events unfolding in Saudi Arabia and the potential of a Venezuelan default.
Last week Real Estate, Consumer Staples and Energy were the best performing sectors rising 3.24%, 2.15% and 1.43% respectively. On the other hand, Financials, Industrials and Materials were the worst performing sectors losing 2.61%, 1.07% and 1.22%.
ETFG Equity Exposure Report - Earnings season is wrapping up with just 17 companies in the S&P 500 still to report earnings over the next few weeks and this past week saw many tech companies report with one being Square (SQ). Square's revenue and earnings per share for its third quarter were $257 million and $0.07, respectively, increases from $178 million and $0.01 in the 3rd quarter a year ago. Both statistics exceeded analyst estimates of $245 million and $0.05. Square stock increased about 7% on the earnings release. In the ETF Global Equity Exposure Report, we can see what ETFs currently hold Square and how they did this week. The ETFs with the biggest exposure to SQ are IPO, Renaissance IPO ETF, which has 10.69% in Square, FINX, Global X Fintech Thematic ETF, with 6.55% exposure, and FNG, Advisor shares New Tech and Media ETF, which has 4.19% exposure.
ETFG Select List - This week, in the ETF Global Select list, we had a few funds making the jump into the number 1 spot including 2 of the Funds moving from being ranked 4th last week to first this week - JHMA, John Hancock Multifactor Materials ETF, in the Basic Materials category and QDEU, SPDR MSCI Germany Quality Mix ETF, in the Europe category. While 2 other funds managed to move up from being unranked last week to the number 1 spot this week - XPH, SPDR S&P Pharmaceuticals ETF, in the North America category and DEM WisdomTree Emerging Markets Equity Income Fund in the High Dividend Yield category.
ETFG Quant Movers – In the ETFG Quant Movers this week, the biggest gainers in their ETFG Quant Score were DON, WisdomTree Midcap Dividend Fund, which increased by 48.61%, EPS, WisdomTree Earnings 500 Fund, which increased by 36.51% and EXT, WisdomTree Total Earnings Fund, which increased by 33.78%. On the flip side, the funds that had the biggest drop off in their ETFG Quant Score were EUFN, iShares MSCI Europe Financials ETF, which dropped by 17.24%, WBIB, WBI SMID Tactical Value Shares, which lost 16.74% and IYF, iShares US Financials ETF, which lost 15.29%.
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