Monday, November 13, 2017

Earnings Season Wrapping Up

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 MoversIn 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%.

Thank you for reading the ETF Global Perspectives!

ETFG 21 Day Free Trial:

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.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.