Travel Week

Monday, November 20, 2017 - Stocks dropped for the second week in a row as the S&P 500 lost 0.1% and the Dow Jones dropped 0.3%.  The Nasdaq and small-cap Russell 2000 outperformed finishing with small profits of 0.5% and 1.2%, respectively. Consumer Discretionary (+1.3%) and Consumer Staples (+1.0%) were the top performing sectors. The Energy sector (-3.4%) was the worst performing, likely due to the drop in oil prices.

Investors were keeping close tabs on the proposed tax reform bill. The House passed its version of tax reform on Thursday, while the Senate continued to make changes to its version, which now includes a provision to repeal the Affordable Care Act.

ETFG Equity Exposure Report - Walmart, on Thursday, reported their third-quarter adjusted earnings and revenue that beat Wall Street estimates. Walmart earned an adjusted $1 per share, beating the $0.98 that the Street projected. The reported revenue was $123.18 billion beating the $121 billion that was projected.  Shares of Wal-Mart (WMT) jumped 10.9% to a new all-time high.  In the ETF Global Equity Exposure Report we can look at the top ETFs that have exposure to Walmart. The Funds with most exposure to Walmart (WMT) are CNSF, iShares Edge MSCI Multifactor Consumer Staples ETF, with 10.8% in WMT, FTXD, First Trust NASDAQ Retail ETF, which has 8.96% exposure and FSTA, Fidelity MSCI Consumer Staples Index ETF, which holds 7.67%.

ETFG Quant Movers - This week, in the ETF Global Quant Movers section, the ETFs with the biggest increase in their Quant score were SCHA, Schwab US Small Cap ETF, which gained 21.83%, KBE, SPDR S&P Bank ETF, which gained 19.1%, and CNSF, iShares edge MSCI Multifactor Consumer Staples ETF, which gained 17.5%. On the flip side, the biggest droppers in our Quant model were CID Victoryshares International High Div Volatility WTD ETF, which lost 17.77%, ITA, iShares U.S Aerospace & Defense ETF, which lost 17.65% and DWX, SPDR S&P International Dividend ETF, which lost 17.07%.

ETFG Select List - This week, in our weekly select list, we had 2 funds that made it to their top spot in their respective categories after not being rated last week: EWP, iShares MSCI Spain Capped ETF, in the European category and LVHD, Legg Mason Low Volatility High Dividend ETF, in the High Dividend Yield Category.

We wish you and your families a very happy Thanksgiving and thank you for reading ETF Global Perspectives!

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