Tag: ETFs

Invest in These Sector ETFs

The coronavirus outbreak is expected to take a stronger beating on second-quarter earnings. This is especially true as S&P 500 earnings are expected to decline 44.1% on 10.9% lower revenues. The earnings projection is down from around 17.5% earnings decline expected in early April.

Earnings growth is expected to be negative for 15 of the 16 Zacks sectors with double-digit declines. The four sectors that are expected to lose money in Q2 (year-over-year declines of 100% or more) are autos (226.1% earnings decline), transportation (151.2%), energy (139.4%), and consumer discretionary (109.1%). Utilities is the only sector with a modest 0.9%

Read more

Top-Ranked ETFs That Crushed the Market in 1H

The first half of 2020 was marked by huge volatility mainly triggered by the COVID-19 outbreak, which had pushed the U.S. stock market into bear territory in late March. However, the stocks staged an impressive comeback from the lows. A booming technology sector, an unprecedented stimulus from the central bank and the government, and hopes of a potential coronavirus vaccine were the biggest catalysts in driving the stocks higher. Additionally, the rounds of data indicate that the economy has been recovering faster than expected from the COVID-19 pandemic.

However, renewed concerns over a second wave of coronavirus disease charged up

Read more