Week-by-Week

Monday, April 20, 2020 - Markets climbed this week, propelled by the U.S. government releasing plans to restart the economy and hopes of a slowdown in COVID-19 infection rates. Coupled with last week’s gains, this marks the first two-week rally since stocks first corrected amid Coronavirus fears. President Trump said Wednesday that he believes the U.S. may have passed the peak on new COVID-19 cases. Meanwhile, the White House unveiled a three-step plan to ease social distancing restrictions and restart economic activity put on hold because of the pandemic. State and local leaders will decide for themselves when to start lifting restrictions. Some states, including Texas, have begun planning for a near-term economic restart.

For the week, the S&P 500 was up 3%, while the Dow Jones Industrial Average increased 2.2% and the Nasdaq shot up 6.1%.

ETFG Equity Exposure Report - Regeneron Pharmaceuticals Inc. (REGN) saw its stock surge this week, on news that it is developing promising COVID-19 treatments. The ETFs weighted most heavily with Regeneron stock are the iShares Genomics Immunology and Healthcare ETF (IDNA), the Loncar Cancer Immunotherapy ETF (CNCR), and the iShares Nasdaq Biotechnology ETF (IBB).

ETFG Quant Movers - Those ETFs who have had the largest weekly change in their respective, overall ETFG Quant ratings.

ETFG Quant Winners: This week, we are highlighting the ETFs that saw the largest movement in the fundamental component of our ETFG Quant model.

The ETFs with the biggest increases in their ETFG Fundamental Quant scores this week were the Global X SuperIncome Preferred ETF (SPFF), the ETRACS Linked to the Wells Fargo Business Development Company Index ETN (BDCS), the ETRACS Alerian MLP Index ETN (AMU), the iPath S&P MLP ETN (IMLP), and the Shares US Preferred Stock ETF (PFF).

ETFG Quant Losers: This week’s ETFs charting the steepest declines in their ETFG Fundamental Quant scores were the Invesco Preferred ETF (PGX), VanEck Vectors Gaming ETF (BJK), the SPDR Wells Fargo Preferred Stock ETF (PSK), the ELEMENTS SPECTRUM ETN (EEH), and the SPDR S&P Biotech ETF (XBI).

ETFG Weekly Select List - The five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model.

As COVID-19 developments continue to drive the market,  we focus on the 5 ETFs in the Healthcare sector with the highest ratings from our ETFG Quant model. They are the SPDR S&P Biotech ETF (XBI), the Invesco Dynamic Biotechnology & Genome ETF (PBE), the Principal Healthcare Innovators Index (BTEC), the VanEck Vectors Biotech ETF (BBH), and the First Trust NYSE Arca Biotechnology Index Fund (FBT).

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