Monday, November 20, 2017

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!

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.