SEA, SBIO, WOOD, CRAK and FTXL
For Immediate Release
Chicago, IL November 1, 2019 Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Invesco Shipping ETF SEA, ALPS Medical Breakthroughs ETF SBIO, iShares Global Timber & Forestry ETF WOOD, VanEck Vectors Oil Refiners ETF CRAK and First Trust Nasdaq Semiconductor ETF FTXL.
Here are highlights from Thursdays Analyst Blog:
5 Best Sector ETFs from October with Double-Digit Returns
October has been kind to the U.S. stock market thanks to U.S.-China trade progress, better-than-expected corporate earnings and a third Fed rate cut.
U.S. President Trump said that negotiations for the so-called phase one of the trade deal with China were ahead of schedule. The Office of the U.S. Trade Representative said that Washington will consider extending certain tariff exclusions on $34 billion worth of imports from China. In fact, the combination of factors pushed the S&P 500 to new all-time highs lately.
That said, a few sector ETFs have outperformed the market. Below we have highlighted five such ETFs that have raked in substantial gains in October and could be better plays if the trend prevails.
Invesco Shipping ETF Up 13.9%
The shipping ETF has emerged as the winner in October buoyed by a record-high tanker rates amid a spike in geopolitical uncertainty. Notably, the U.S. sanctions on t....