Monday, December 7, 2020

Early Holiday Season Gains

Monday, December 7, 2020 – Last week, the major equity indices once again performed well, despite some economic data that would have suggested otherwise. The U.S. jobs report on Friday fell far short of expectations, as November only added 245,000 workers, well below the estimate of 440,000. The Dow Jones finished the week at 30,218.26, the S&P 500 closed at 3,699.12, and the Nasdaq closed at 12,464,23, which are weekly gains of 1.03%, 1.67%, and 2.12% respectively. Optimism of Congress stepping in and passing another stimulus bill has been brewing in the marketplace, which perhaps is one of the biggest drivers in the week’s gains despite the weak jobs report and Coronavirus cases continually rising in the country.

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

ETFG Quant Winners: We highlight the top 5 Gainers by percentage from this past week. CCOR, FFTY, EEMD, BLCN, and BFOR placed on the top 5 this week, posting % gains of 27.58%, 20.86%, 20.10%, 19.51%, and 18.27% respectively. Worth noting here is CCOR, an actively managed ETF that primarily holds large-cap U.S. stocks, which could be a broad reflection of the performance of the U.S. stock market, and where it will continue to trend during the holiday season.

ETFG Quant Losers: On the % Losers side of the ETFG Quant Movers, the top 5 losers this week were PFFD, JMOM, SPXE, XT, EMTY, which posted % losses of -67.11%, -67.04%, -63.90%, -61.26%, -56.43% respectively. One ETF worth pointing out here is XT, which carries emerging markets securities, and could be a sign on something happen in that sector of the market.

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

This week, our focus will be in ‘Geography.’ Two tickers worth pointing out are RVF (Invesco S&P MidCap 400 Pure Value ETF) and CLIX (ProShares Long Online/Short Stores ETF), both of which moved from 2nd place the previous week to 1st place this week in their respective ‘Mid-cap’ and ‘Long/Short’ sub-focuses.

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