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728700.0
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2022-05-17 00:00:00 UTC
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European Geopolitical Crisis Could Spell Opportunity with this ETF
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DFE
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https://www.nasdaq.com/articles/european-geopolitical-crisis-could-spell-opportunity-with-this-etf
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nan
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nan
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Russia’s invasion of Ukraine lingers on and as a result, plenty of European equity markets are bearing a heavy toll.
As Verad Weekly Research’s Dan Rasmussen and team point out in a recent note, as of last week, 13 European equity markets were sporting drawdowns of 20% or more from prior highs. That dubious group includes Germany, the Netherlands, and Austria — all of which were down 30% from previous peaks. Proving geography matters, the closer a country is to Ukraine, the worse its markets are performing as highlighted by peak-to-trough declines of 40% for Hungary and Poland.
Those are ominous data points to be sure and not likely to generate enthusiasm for European small-cap stocks. However, the Verdad team notes that European small-cap value names have historical track records of rebounding following periods of crisis. That could be a sign that investors may want to put the WisdomTree Europe SmallCap Dividend Fund (NYSEArca: DFE) on their watchlists.
“Just like in the U.S., European small value stocks outperformed the market consistently and significantly after crises. The reason for small value stock outperformance in the wake of a crisis is simple, as crises unfold, small value stocks experience more severe sell-offs than the broader market. Their operations tend to suffer more in the context of plunging revenues and cash flows, coupled with weaker balance sheets and skyrocketing borrowing costs,” according to the Verdad team.
The team examined periods of severe market stress — the Russian/Asian debt crisis of 1998, the 2000 tech bubble, labor market distress in 2003, the global financial crisis, Europe’s 2011 sovereign debt crisis, and the 2020 coronavirus bear market.
Potentially underscoring the case for DFE, the average return for European small-cap value stocks 12 months after the crisis was 13% and the only one of those six periods in which European small value fare wasn’t higher a year later was the 2011 sovereign debt scenario.
“However, the same two factors that worked against small value stocks as crises unfolded — plunging valuations and muted growth — are the ones that reward the ‘survivors’ when crises bottom out and markets are poised for recovery. As a result, buyers of small value stocks in times of crisis pay less (thanks to cheaper valuations) and get more (thanks to above-average earnings growth during the recovery),” added Verdad.
As a dividend fund, DFE is likely full of survivors. While no European market is perfect at the moment, DFE offers investors the benefits of favorable geography as the U.K., Sweden, and Italy combine for about half of the ETF’s geographic exposure.
For more news, information, and strategy, visit the Modern Alpha Channel.
Read more on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While no European market is perfect at the moment, DFE offers investors the benefits of favorable geography as the U.K., Sweden, and Italy combine for about half of the ETF’s geographic exposure. That could be a sign that investors may want to put the WisdomTree Europe SmallCap Dividend Fund (NYSEArca: DFE) on their watchlists. Potentially underscoring the case for DFE, the average return for European small-cap value stocks 12 months after the crisis was 13% and the only one of those six periods in which European small value fare wasn’t higher a year later was the 2011 sovereign debt scenario.
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That could be a sign that investors may want to put the WisdomTree Europe SmallCap Dividend Fund (NYSEArca: DFE) on their watchlists. Potentially underscoring the case for DFE, the average return for European small-cap value stocks 12 months after the crisis was 13% and the only one of those six periods in which European small value fare wasn’t higher a year later was the 2011 sovereign debt scenario. As a dividend fund, DFE is likely full of survivors.
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Potentially underscoring the case for DFE, the average return for European small-cap value stocks 12 months after the crisis was 13% and the only one of those six periods in which European small value fare wasn’t higher a year later was the 2011 sovereign debt scenario. That could be a sign that investors may want to put the WisdomTree Europe SmallCap Dividend Fund (NYSEArca: DFE) on their watchlists. As a dividend fund, DFE is likely full of survivors.
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That could be a sign that investors may want to put the WisdomTree Europe SmallCap Dividend Fund (NYSEArca: DFE) on their watchlists. Potentially underscoring the case for DFE, the average return for European small-cap value stocks 12 months after the crisis was 13% and the only one of those six periods in which European small value fare wasn’t higher a year later was the 2011 sovereign debt scenario. As a dividend fund, DFE is likely full of survivors.
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c97fb515-9dd7-44d1-ad10-e719a0d51518
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728701.0
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2022-04-27 00:00:00 UTC
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Is WisdomTree Europe SmallCap Dividend ETF (DFE) a Strong ETF Right Now?
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DFE
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https://www.nasdaq.com/articles/is-wisdomtree-europe-smallcap-dividend-etf-dfe-a-strong-etf-right-now-1
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nan
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nan
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The WisdomTree Europe SmallCap Dividend ETF (DFE) was launched on 06/16/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the European Equity ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics.
The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns.
Fund Sponsor & Index
DFE is managed by Wisdomtree, and this fund has amassed over $264.22 million, which makes it one of the average sized ETFs in the European Equity ETFs. Before fees and expenses, DFE seeks to match the performance of the WisdomTree Europe SmallCap Dividend Index.
The WisdomTree Europe SmallCap Dividend Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market.
Cost & Other Expenses
When considering an ETF's total return, expense ratios are an important factor. And, cheaper funds can significantly outperform their more expensive cousins in the long term if all other factors remain equal.
Operating expenses on an annual basis are 0.58% for DFE, making it on par with most peer products in the space.
DFE's 12-month trailing dividend yield is 3.10%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
When you look at individual holdings, Postnl Nv (PNL) accounts for about 3.77% of the fund's total assets, followed by Banca Farmafactoring Spa (BFF) and Diversified Energy Co (DEC).
Its top 10 holdings account for approximately 15.8% of DFE's total assets under management.
Performance and Risk
The ETF has lost about -15.94% so far this year and is down about -12.80% in the last one year (as of 04/27/2022). In the past 52-week period, it has traded between $58.39 and $79.11.
The ETF has a beta of 1.19 and standard deviation of 24.18% for the trailing three-year period, making it a medium risk choice in the space. With about 309 holdings, it effectively diversifies company-specific risk.
Alternatives
WisdomTree Europe SmallCap Dividend ETF is a reasonable option for investors seeking to outperform the European Equity ETFs segment of the market. However, there are other ETFs in the space which investors could consider.
JPMorgan BetaBuilders Europe ETF (BBEU) tracks MORNINGSTAR DEV EUROPE TARGET MKT EXP ID and the Vanguard FTSE Europe ETF (VGK) tracks FTSE Developed Europe All Cap Index. JPMorgan BetaBuilders Europe ETF has $9.46 billion in assets, Vanguard FTSE Europe ETF has $18.82 billion. BBEU has an expense ratio of 0.09% and VGK charges 0.08%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the European Equity ETFs.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WisdomTree Europe SmallCap Dividend ETF (DFE): ETF Research Reports
Vanguard FTSE Europe ETF (VGK): ETF Research Reports
JPMorgan BetaBuilders Europe ETF (BBEU): ETF Research Reports
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The WisdomTree Europe SmallCap Dividend ETF (DFE) was launched on 06/16/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the European Equity ETFs category of the market. Fund Sponsor & Index DFE is managed by Wisdomtree, and this fund has amassed over $264.22 million, which makes it one of the average sized ETFs in the European Equity ETFs. Before fees and expenses, DFE seeks to match the performance of the WisdomTree Europe SmallCap Dividend Index.
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WisdomTree Europe SmallCap Dividend ETF (DFE): ETF Research Reports The WisdomTree Europe SmallCap Dividend ETF (DFE) was launched on 06/16/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the European Equity ETFs category of the market. Fund Sponsor & Index DFE is managed by Wisdomtree, and this fund has amassed over $264.22 million, which makes it one of the average sized ETFs in the European Equity ETFs.
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The WisdomTree Europe SmallCap Dividend ETF (DFE) was launched on 06/16/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the European Equity ETFs category of the market. Fund Sponsor & Index DFE is managed by Wisdomtree, and this fund has amassed over $264.22 million, which makes it one of the average sized ETFs in the European Equity ETFs. Before fees and expenses, DFE seeks to match the performance of the WisdomTree Europe SmallCap Dividend Index.
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The WisdomTree Europe SmallCap Dividend ETF (DFE) was launched on 06/16/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the European Equity ETFs category of the market. WisdomTree Europe SmallCap Dividend ETF (DFE): ETF Research Reports Fund Sponsor & Index DFE is managed by Wisdomtree, and this fund has amassed over $264.22 million, which makes it one of the average sized ETFs in the European Equity ETFs.
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00a6c068-affc-4354-b9f0-822fc28930de
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728702.0
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2022-02-21 00:00:00 UTC
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Is WisdomTree Europe SmallCap Dividend ETF (DFE) a Strong ETF Right Now?
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DFE
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https://www.nasdaq.com/articles/is-wisdomtree-europe-smallcap-dividend-etf-dfe-a-strong-etf-right-now-0
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nan
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nan
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A smart beta exchange traded fund, the WisdomTree Europe SmallCap Dividend ETF (DFE) debuted on 06/16/2006, and offers broad exposure to the European Equity ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.
Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.
This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results.
Fund Sponsor & Index
DFE is managed by Wisdomtree, and this fund has amassed over $302.50 million, which makes it one of the average sized ETFs in the European Equity ETFs. This particular fund seeks to match the performance of the WisdomTree Europe SmallCap Dividend Index before fees and expenses.
The WisdomTree Europe SmallCap Dividend Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market.
Cost & Other Expenses
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
Operating expenses on an annual basis are 0.58% for this ETF, which makes it on par with most peer products in the space.
The fund has a 12-month trailing dividend yield of 2.74%.
Sector Exposure and Top Holdings
Most ETFs are very transparent products, and disclose their holdings on a daily basis. ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings.
Looking at individual holdings, Postnl Nv (PNL) accounts for about 3.44% of total assets, followed by Ferrexpo Plc (FXPO) and Banca Farmafactoring Spa (BFF).
DFE's top 10 holdings account for about 16.44% of its total assets under management.
Performance and Risk
Year-to-date, the WisdomTree Europe SmallCap Dividend ETF has lost about -7.37% so far, and was up about 4.49% over the last 12 months (as of 02/21/2022). DFE has traded between $67.43 and $79.11 in this past 52-week period.
The fund has a beta of 1.18 and standard deviation of 23.13% for the trailing three-year period, which makes DFE a medium risk choice in this particular space. With about 310 holdings, it effectively diversifies company-specific risk.
Alternatives
WisdomTree Europe SmallCap Dividend ETF is a reasonable option for investors seeking to outperform the European Equity ETFs segment of the market. However, there are other ETFs in the space which investors could consider.
JPMorgan BetaBuilders Europe ETF (BBEU) tracks MORNINGSTAR DEV EUROPE TARGET MKT EXP ID and the Vanguard FTSE Europe ETF (VGK) tracks FTSE Developed Europe All Cap Index. JPMorgan BetaBuilders Europe ETF has $9.63 billion in assets, Vanguard FTSE Europe ETF has $21.64 billion. BBEU has an expense ratio of 0.09% and VGK charges 0.08%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the European Equity ETFs.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WisdomTree Europe SmallCap Dividend ETF (DFE): ETF Research Reports
Vanguard FTSE Europe ETF (VGK): ETF Research Reports
JPMorgan BetaBuilders Europe ETF (BBEU): ETF Research Reports
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The fund has a beta of 1.18 and standard deviation of 23.13% for the trailing three-year period, which makes DFE a medium risk choice in this particular space. A smart beta exchange traded fund, the WisdomTree Europe SmallCap Dividend ETF (DFE) debuted on 06/16/2006, and offers broad exposure to the European Equity ETFs category of the market. Fund Sponsor & Index DFE is managed by Wisdomtree, and this fund has amassed over $302.50 million, which makes it one of the average sized ETFs in the European Equity ETFs.
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A smart beta exchange traded fund, the WisdomTree Europe SmallCap Dividend ETF (DFE) debuted on 06/16/2006, and offers broad exposure to the European Equity ETFs category of the market. WisdomTree Europe SmallCap Dividend ETF (DFE): ETF Research Reports Fund Sponsor & Index DFE is managed by Wisdomtree, and this fund has amassed over $302.50 million, which makes it one of the average sized ETFs in the European Equity ETFs.
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A smart beta exchange traded fund, the WisdomTree Europe SmallCap Dividend ETF (DFE) debuted on 06/16/2006, and offers broad exposure to the European Equity ETFs category of the market. Fund Sponsor & Index DFE is managed by Wisdomtree, and this fund has amassed over $302.50 million, which makes it one of the average sized ETFs in the European Equity ETFs. DFE's top 10 holdings account for about 16.44% of its total assets under management.
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A smart beta exchange traded fund, the WisdomTree Europe SmallCap Dividend ETF (DFE) debuted on 06/16/2006, and offers broad exposure to the European Equity ETFs category of the market. DFE's top 10 holdings account for about 16.44% of its total assets under management. WisdomTree Europe SmallCap Dividend ETF (DFE): ETF Research Reports
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8ec24946-cc63-4e0c-b5e3-903948b6b583
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728703.0
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2021-07-02 00:00:00 UTC
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ETFs to Access Europe’s Growing Dividend Payers
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DFE
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https://www.nasdaq.com/articles/etfs-to-access-europes-growing-dividend-payers-2021-07-02
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nan
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nan
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Europe dividend-related exchange traded funds could gain momentum as the European Central Bank (ECB) expects to lift restrictions on dividend payments and share buybacks for banks.
Following the Federal Reserve's latest decision to end coronavirus pandemic-induced limits on payouts, the ECB believes banks are resilient enough to resume distributing capital back to shareholders, the Wall Street Journal reports.
Andrea Enria, head of banking supervision at the ECB, told European Parliament members at a hearing that the economic outlook in Europe is improving and banks have strong levels of capital. Bank profitability has also rebounded after they had to set aside money to cover potential loan defaults during the worst of the coronavirus pandemic fallout.
“In the absence of materially adverse developments, we plan to repeal our recommendation as of the end of the third quarter of 2021 and return to reviewing dividends and share buybacks as part of our normal supervisory process,” Enria told the European Parliament.
Dividend payments has been particularly important for Eurozone banks, especially since they are seeking mechanisms to attract investors after years of struggling to generate profits in response to sluggish economic growth and the negative interest rate environment.
Investors interested in the Europe dividend play may look to a number of targeted ETF strategies. For instance, the First Trust STOXX European Select Dividend Index Fund (NYSEArca: FDD) and WisdomTree Europe Quality Dividend Growth Fund (NYSEArca: EUDG) capture large dividend-paying European companies, while the WisdomTree Europe SmallCap Dividend Fund (NYSEArca: DFE) follows small cap Europe dividend stock exposure.
The ProShares MSCI Europe Dividend Growers ETF (BATS: EUDV) is comprised of companies that have consistently increased their dividends for at least 10 consecutive years.
Additionally, the O’Shares Europe Quality Dividend ETF (NYSEArca: OEUR) includes European global leaders with strong profitability, balance sheets, and dividend growth, a potentially lower risk way to invest.
For more information on European markets, visit our Europe category.
Read more on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For instance, the First Trust STOXX European Select Dividend Index Fund (NYSEArca: FDD) and WisdomTree Europe Quality Dividend Growth Fund (NYSEArca: EUDG) capture large dividend-paying European companies, while the WisdomTree Europe SmallCap Dividend Fund (NYSEArca: DFE) follows small cap Europe dividend stock exposure. Following the Federal Reserve's latest decision to end coronavirus pandemic-induced limits on payouts, the ECB believes banks are resilient enough to resume distributing capital back to shareholders, the Wall Street Journal reports. “In the absence of materially adverse developments, we plan to repeal our recommendation as of the end of the third quarter of 2021 and return to reviewing dividends and share buybacks as part of our normal supervisory process,” Enria told the European Parliament.
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For instance, the First Trust STOXX European Select Dividend Index Fund (NYSEArca: FDD) and WisdomTree Europe Quality Dividend Growth Fund (NYSEArca: EUDG) capture large dividend-paying European companies, while the WisdomTree Europe SmallCap Dividend Fund (NYSEArca: DFE) follows small cap Europe dividend stock exposure. Europe dividend-related exchange traded funds could gain momentum as the European Central Bank (ECB) expects to lift restrictions on dividend payments and share buybacks for banks. Additionally, the O’Shares Europe Quality Dividend ETF (NYSEArca: OEUR) includes European global leaders with strong profitability, balance sheets, and dividend growth, a potentially lower risk way to invest.
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For instance, the First Trust STOXX European Select Dividend Index Fund (NYSEArca: FDD) and WisdomTree Europe Quality Dividend Growth Fund (NYSEArca: EUDG) capture large dividend-paying European companies, while the WisdomTree Europe SmallCap Dividend Fund (NYSEArca: DFE) follows small cap Europe dividend stock exposure. Europe dividend-related exchange traded funds could gain momentum as the European Central Bank (ECB) expects to lift restrictions on dividend payments and share buybacks for banks. Additionally, the O’Shares Europe Quality Dividend ETF (NYSEArca: OEUR) includes European global leaders with strong profitability, balance sheets, and dividend growth, a potentially lower risk way to invest.
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For instance, the First Trust STOXX European Select Dividend Index Fund (NYSEArca: FDD) and WisdomTree Europe Quality Dividend Growth Fund (NYSEArca: EUDG) capture large dividend-paying European companies, while the WisdomTree Europe SmallCap Dividend Fund (NYSEArca: DFE) follows small cap Europe dividend stock exposure. Following the Federal Reserve's latest decision to end coronavirus pandemic-induced limits on payouts, the ECB believes banks are resilient enough to resume distributing capital back to shareholders, the Wall Street Journal reports. Andrea Enria, head of banking supervision at the ECB, told European Parliament members at a hearing that the economic outlook in Europe is improving and banks have strong levels of capital.
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058ba56e-c096-4a60-933a-60465acb80e6
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728704.0
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2020-12-02 00:00:00 UTC
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Is This Time Different for Value?
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DFE
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https://www.nasdaq.com/articles/is-this-time-different-for-value-2020-12-02
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nan
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nan
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The value factor has been beaten up for years, so much so that some market analysts were beginning to wonder if the factor has lost its usefulness.
Then value stocks started to look alive in the later part of 2020. Using Vanguard Value ETF (VTV) for value and Vanguard Growth ETF (VUG) for growth, Tom Essaye, editor of The Sevens Report newsletter notes from Aug. 31 to Nov. 30, value outperformed growth, 6.4% to 2.1%. But year-to-date, growth still outperforms value, 33.6% to -3.6%
Those numbers have market participants buzzing if this is finally value’s time and strong arguments for and against it. “This is such a good topic,” says Robert Wyrick, Jr., chief investment officer for Post Oak Wealth Advisors.
But you can put Wyrick in the disbelievers camp when it comes to value. “My view is that this is a growth market and it has been since 2008,” he says. “We get these head-fakes for a year or shorter periods of time.”
He says the big growth-stock names such as Alphabet, Amazon, Apple and Microsoft are still projecting earnings growth of 20% or 25%. “It’s just impossible to find that growth anywhere else,” he says.
Robert Reid, senior equity analyst at Briefing.com, counters that there is shift to value happening after so many years of lagging growth.
“A lot of people are kicking themselves for getting out of the market in March,” he says, especially after index rebounded.
However, Reid points out that it hasn’t been a uniform rally, but one led by tech stocks and high-growth names, the ones benefitting from the work-from-home phenomenon. He’s starting to see some rotation out of those names and into sectors and companies that were hit hard by the pandemic, the “reopening stocks.”
And he believes those names are going to have “a nice move over the next few months.”
So is value making a comeback? Maybe. Wyrick seems to think that the recent bounce is all value stocks have in them. Yet Reid and other analysts and advisors say don’t overlook this style going into 2021. They have a few sectors and exchange-traded funds to consider for advisors wanting add a little more value to their holdings.
Why Value Now
Grant Engelbart, senior portfolio manager and director of research at CLS Investments, says value could rebound, but that investors should brace themselves. “We really feel like this is real and lasting, but it could be a bumpy ride,” he says.
The valuation difference between growth and value, is a big factor, and Engelbart says, and any mention of positive vaccine news is good for value stocks and the “reopening trade.”
Reid is interested in banks, specifically the big names over the regional banks. “We have a value report that we publish every Wednesday and it’s funny, the banks kept showing up and showing up and showing up,” Reid says.
Bank names haven’t moved much this year, and he expects they could get a “nice rebound” as the coronavirus vaccines get distributed. “I think all the fears about the consumer crunch on credit may have already been priced into these shares,” Reid says.
Invesco KBW Bank ETF (KBWB) may fit the bill for a big-bank ETF as its top-10 holdings are the biggest names in banking, including U.S. Bancorp, JPMorgan Chase and Wells Fargo.
Engelbart says although inflation isn’t an issue now, he thinks longer-term rates could raise as inflation picks up down the road. “The Fed has been on hold for a long time, but if rates rise, that’s going to be helpful because financial companies are what’s needed to help drive value higher,” he says.
He says there are different ways to play a rotation to value based on diversification, concentration or risk appetite. For a broad U.S. market value recovery, Engelbart likes the Vanguard U.S. Value Factor ETF (VFVA), an actively managed ETF that’s divided in thirds between small, mid and large-cap. “You get the full spectrum and we’ve seen some real strength lately in in small-cap value,” he says.
In the large-cap value space, Engelbart uses JPMorgan U.S. Value Factor ETF (JVAL). He says it’s sector-neutral and caps the weight of individual holdings at 2% to limit single-stock risk. “You’re really getting a diversified portfolio,” he says.
Niche Value Plays and International Ideas
Another bargain might be in aerospace suppliers, as represented by iShares U.S. Aerospace & Defense ETF (ITA), Reid says. ITA was a high-flying ETF for years, stumbling after No. 3 holding Boeing saw its 737 Max plane decommissioned after deadly plane crashes. Reid points out the Federal Aviation Administration recently recertified it, although it will take some time for Boeing to sell those planes.
ITA was hit hard during the pandemic, and remains significantly off its February high. “Over the next few years, I think aerospace is going to see a rebound. It is going to take a little time, but then once it gets through this difficult period, I think that's an attractive place to consider,” Reid says.
Steve Azoury, financial advisor and owner of Azoury Financial, admits he’s “more of a growth guy” but says there are a few good ETFs for advisors looking to add value funds to their holdings.
Energy has some cheaper names, he says, and suggests First Trust Utilities AlphaDEX Fund (FXU), which tracks a tiered equal-weighted index of U.S. utilities firms chosen from the Russell 1000.
For international exposure, he likes two funds: WisdomTree Europe SmallCap Dividend Fund (DFE), which holds a lot of financials and industrial names and may be a growthier value fund, and IQ 500 International ETF (IQIN).
“IQIN is a nice international 500-type fund, has all the big companies from around the world, sort of a who’s who or a catchall,” Azoury says.
Also on the global side, Engelbart flagged Cambria Global Value ETF (GVAL), which finds the cheapest countries and the cheapest stocks in those countries. “It’s really kind of a turbocharged value play. It’s been down for a long time, but going forward, I think it’s going to be pretty interesting,” he says.
Essaye thinks over time the large performance gap between growth and value can close, and he recommends a rotation to value now.
“Bottom line, if the market is going to rally over the longer term, value should outperform because that rally will be driven by an economic growth rebound that’s fueled by quantitative easing, zero-percent rates, stimulus and no pandemic. However, that’s still an environment where tech can rally too--especially super-cap tech-- so there’s no need to stampeded out of growth even if value can outperform,” he says.
Originally published by Debbie Carlson
Read more on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For international exposure, he likes two funds: WisdomTree Europe SmallCap Dividend Fund (DFE), which holds a lot of financials and industrial names and may be a growthier value fund, and IQ 500 International ETF (IQIN). “We get these head-fakes for a year or shorter periods of time.” He says the big growth-stock names such as Alphabet, Amazon, Apple and Microsoft are still projecting earnings growth of 20% or 25%. However, Reid points out that it hasn’t been a uniform rally, but one led by tech stocks and high-growth names, the ones benefitting from the work-from-home phenomenon.
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For international exposure, he likes two funds: WisdomTree Europe SmallCap Dividend Fund (DFE), which holds a lot of financials and industrial names and may be a growthier value fund, and IQ 500 International ETF (IQIN). The valuation difference between growth and value, is a big factor, and Engelbart says, and any mention of positive vaccine news is good for value stocks and the “reopening trade.” Reid is interested in banks, specifically the big names over the regional banks. For a broad U.S. market value recovery, Engelbart likes the Vanguard U.S. Value Factor ETF (VFVA), an actively managed ETF that’s divided in thirds between small, mid and large-cap.
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For international exposure, he likes two funds: WisdomTree Europe SmallCap Dividend Fund (DFE), which holds a lot of financials and industrial names and may be a growthier value fund, and IQ 500 International ETF (IQIN). Using Vanguard Value ETF (VTV) for value and Vanguard Growth ETF (VUG) for growth, Tom Essaye, editor of The Sevens Report newsletter notes from Aug. 31 to Nov. 30, value outperformed growth, 6.4% to 2.1%. The valuation difference between growth and value, is a big factor, and Engelbart says, and any mention of positive vaccine news is good for value stocks and the “reopening trade.” Reid is interested in banks, specifically the big names over the regional banks.
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For international exposure, he likes two funds: WisdomTree Europe SmallCap Dividend Fund (DFE), which holds a lot of financials and industrial names and may be a growthier value fund, and IQ 500 International ETF (IQIN). “My view is that this is a growth market and it has been since 2008,” he says. “Over the next few years, I think aerospace is going to see a rebound.
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728705.0
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2019-02-27 00:00:00 UTC
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Brexit Delay in the Cards? Europe ETFs to Rally
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DFE
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https://www.nasdaq.com/articles/brexit-delay-cards-europe-etfs-rally-2019-02-27
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nan
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nan
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Though Europe is seeing a slowdown, its stocks might rally on a host of positive developments. Several Europe ETFs are currently trading at a one-month high with DAX Germany ETFDAX adding about 2% on Feb 26. Let's delve a little deeper into what's working in favor of European stocks.
Chances of a Delay in Brexit
For the first time, the U.K. government announced that it is mulling over options to postpone Brexit. On Feb 26, British prime minister Theresa May noted that "in the event deal fails to secure parliamentary approval on March 12, she will allow lawmakers two further votes."
On Mar 13, the Commons will be given a chance to agree on the U.K. exit without a deal on Mar 29. Although no-deal is the default option in the Article 50 process, it can be voted down. Then, the Commons will have a chance to request May for a short extension to Article 50, postponing Brexit by a few months, per an article published on CNN . These abrupt policy changes came up due to huge internal differences in both the parties. Whatever the case, the prospect of a delay is strong enough to push Europe stocks higher.
US-China Trade Optimism
U.S. President Donald Trump announced a delay in the increase of tariffs on about $200 billion worth of Chinese goods, citing " substantial progress " in trade talks with Beijing. With this, the year-long trade dispute between the world's biggest economies seems to be reaching a conclusion. Since the trade spat was a bother for almost the entire world, Europe stocks have heaved a sigh of relief for now (read: 10 ETF Areas to Gain as Trump Delays Additional Tariffs ).
Easy Money to Stay Here for Long?
The ECB had indicated that it looks to keep interest rates at the current record low level, at least through summers. But now, the bank seems to be analyzing if the ongoing slowdown is temporary (or protracted) before taking a rate decision. With this, hopes of a few more months of an easy money policy seem to exist in the region (read: Worried About European Growth? Play These 5 ETFs ).
ETFs That Are at One-Month High
Below we highlight a few Europe ETFs that have been near a one-month high on Feb 26 and is likely to stay strong if Brexit gets delayed.
Invesco CurrencyShares British Pound Sterling FXB - Up 1.15%
Ireland iShares MSCI ETF EIRL - Up 1.08%
First Trust Europe Alphadex Fund FEP - Up 1.04%
Europe Small-Cap iShares MSCI ETF IEUS - Up 0.99%
Europe Financials iShares MSCI ETF EUFN - Up 0.93%
Europe Smallcap Dividend Wisdomtree DFE - Up 0.87%
Switzerland iShares MSCI ETF EWL - Up 0.87%
Denmark iShares MSCI ETF EDEN - Up 0.86%
United Kingdom iShares MSCI ETF EWU - Up 0.86%
Finland iShares MSCI ETF EFNL - Up 0.85%
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iShares MSCI United Kingdom ETF (EWU): ETF Research Reports
Invesco CurrencyShares British Pound Sterling Trust (FXB): ETF Research Reports
WisdomTree Europe SmallCap Dividend Fund (DFE): ETF Research Reports
Global X DAX Germany ETF (DAX): ETF Research Reports
First Trust Europe AlphaDEX Fund (FEP): ETF Research Reports
iShares MSCI Europe Financials ETF (EUFN): ETF Research Reports
iShares MSCI Denmark ETF (EDEN): ETF Research Reports
iShares MSCI Finland ETF (EFNL): ETF Research Reports
iShares MSCI Switzerland ETF (EWL): ETF Research Reports
iShares MSCI Ireland ETF (EIRL): ETF Research Reports
iShares MSCI Europe Small-Cap ETF (IEUS): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Invesco CurrencyShares British Pound Sterling FXB - Up 1.15% Ireland iShares MSCI ETF EIRL - Up 1.08% First Trust Europe Alphadex Fund FEP - Up 1.04% Europe Small-Cap iShares MSCI ETF IEUS - Up 0.99% Europe Financials iShares MSCI ETF EUFN - Up 0.93% Europe Smallcap Dividend Wisdomtree DFE - Up 0.87% Switzerland iShares MSCI ETF EWL - Up 0.87% Denmark iShares MSCI ETF EDEN - Up 0.86% United Kingdom iShares MSCI ETF EWU - Up 0.86% Finland iShares MSCI ETF EFNL - Up 0.85% Want key ETF info delivered straight to your inbox? Click to get this free report iShares MSCI United Kingdom ETF (EWU): ETF Research Reports Invesco CurrencyShares British Pound Sterling Trust (FXB): ETF Research Reports WisdomTree Europe SmallCap Dividend Fund (DFE): ETF Research Reports Global X DAX Germany ETF (DAX): ETF Research Reports First Trust Europe AlphaDEX Fund (FEP): ETF Research Reports iShares MSCI Europe Financials ETF (EUFN): ETF Research Reports iShares MSCI Denmark ETF (EDEN): ETF Research Reports iShares MSCI Finland ETF (EFNL): ETF Research Reports iShares MSCI Switzerland ETF (EWL): ETF Research Reports iShares MSCI Ireland ETF (EIRL): ETF Research Reports iShares MSCI Europe Small-Cap ETF (IEUS): ETF Research Reports To read this article on Zacks.com click here. Several Europe ETFs are currently trading at a one-month high with DAX Germany ETFDAX adding about 2% on Feb 26.
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Invesco CurrencyShares British Pound Sterling FXB - Up 1.15% Ireland iShares MSCI ETF EIRL - Up 1.08% First Trust Europe Alphadex Fund FEP - Up 1.04% Europe Small-Cap iShares MSCI ETF IEUS - Up 0.99% Europe Financials iShares MSCI ETF EUFN - Up 0.93% Europe Smallcap Dividend Wisdomtree DFE - Up 0.87% Switzerland iShares MSCI ETF EWL - Up 0.87% Denmark iShares MSCI ETF EDEN - Up 0.86% United Kingdom iShares MSCI ETF EWU - Up 0.86% Finland iShares MSCI ETF EFNL - Up 0.85% Want key ETF info delivered straight to your inbox? Click to get this free report iShares MSCI United Kingdom ETF (EWU): ETF Research Reports Invesco CurrencyShares British Pound Sterling Trust (FXB): ETF Research Reports WisdomTree Europe SmallCap Dividend Fund (DFE): ETF Research Reports Global X DAX Germany ETF (DAX): ETF Research Reports First Trust Europe AlphaDEX Fund (FEP): ETF Research Reports iShares MSCI Europe Financials ETF (EUFN): ETF Research Reports iShares MSCI Denmark ETF (EDEN): ETF Research Reports iShares MSCI Finland ETF (EFNL): ETF Research Reports iShares MSCI Switzerland ETF (EWL): ETF Research Reports iShares MSCI Ireland ETF (EIRL): ETF Research Reports iShares MSCI Europe Small-Cap ETF (IEUS): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research?
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Invesco CurrencyShares British Pound Sterling FXB - Up 1.15% Ireland iShares MSCI ETF EIRL - Up 1.08% First Trust Europe Alphadex Fund FEP - Up 1.04% Europe Small-Cap iShares MSCI ETF IEUS - Up 0.99% Europe Financials iShares MSCI ETF EUFN - Up 0.93% Europe Smallcap Dividend Wisdomtree DFE - Up 0.87% Switzerland iShares MSCI ETF EWL - Up 0.87% Denmark iShares MSCI ETF EDEN - Up 0.86% United Kingdom iShares MSCI ETF EWU - Up 0.86% Finland iShares MSCI ETF EFNL - Up 0.85% Want key ETF info delivered straight to your inbox? Click to get this free report iShares MSCI United Kingdom ETF (EWU): ETF Research Reports Invesco CurrencyShares British Pound Sterling Trust (FXB): ETF Research Reports WisdomTree Europe SmallCap Dividend Fund (DFE): ETF Research Reports Global X DAX Germany ETF (DAX): ETF Research Reports First Trust Europe AlphaDEX Fund (FEP): ETF Research Reports iShares MSCI Europe Financials ETF (EUFN): ETF Research Reports iShares MSCI Denmark ETF (EDEN): ETF Research Reports iShares MSCI Finland ETF (EFNL): ETF Research Reports iShares MSCI Switzerland ETF (EWL): ETF Research Reports iShares MSCI Ireland ETF (EIRL): ETF Research Reports iShares MSCI Europe Small-Cap ETF (IEUS): ETF Research Reports To read this article on Zacks.com click here. ETFs That Are at One-Month High Below we highlight a few Europe ETFs that have been near a one-month high on Feb 26 and is likely to stay strong if Brexit gets delayed.
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Click to get this free report iShares MSCI United Kingdom ETF (EWU): ETF Research Reports Invesco CurrencyShares British Pound Sterling Trust (FXB): ETF Research Reports WisdomTree Europe SmallCap Dividend Fund (DFE): ETF Research Reports Global X DAX Germany ETF (DAX): ETF Research Reports First Trust Europe AlphaDEX Fund (FEP): ETF Research Reports iShares MSCI Europe Financials ETF (EUFN): ETF Research Reports iShares MSCI Denmark ETF (EDEN): ETF Research Reports iShares MSCI Finland ETF (EFNL): ETF Research Reports iShares MSCI Switzerland ETF (EWL): ETF Research Reports iShares MSCI Ireland ETF (EIRL): ETF Research Reports iShares MSCI Europe Small-Cap ETF (IEUS): ETF Research Reports To read this article on Zacks.com click here. Invesco CurrencyShares British Pound Sterling FXB - Up 1.15% Ireland iShares MSCI ETF EIRL - Up 1.08% First Trust Europe Alphadex Fund FEP - Up 1.04% Europe Small-Cap iShares MSCI ETF IEUS - Up 0.99% Europe Financials iShares MSCI ETF EUFN - Up 0.93% Europe Smallcap Dividend Wisdomtree DFE - Up 0.87% Switzerland iShares MSCI ETF EWL - Up 0.87% Denmark iShares MSCI ETF EDEN - Up 0.86% United Kingdom iShares MSCI ETF EWU - Up 0.86% Finland iShares MSCI ETF EFNL - Up 0.85% Want key ETF info delivered straight to your inbox? Then, the Commons will have a chance to request May for a short extension to Article 50, postponing Brexit by a few months, per an article published on CNN .
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2018-12-14 00:00:00 UTC
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ECB Ends QE: 5 ETF Areas Likely to Gain
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DFE
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https://www.nasdaq.com/articles/ecb-ends-qe-5-etf-areas-likely-gain-2018-12-14
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nan
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nan
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The European Central Bank has confirmed the end of its €2.5-trillion net asset purchase program this month. The program, which was intended to stimulate economic growth, was stopped despite renewed growth worries in the bloc.
However, the bank pledged to keep the record low rates unchanged at least till mid-2019. The ECB also hinted at moderation in economic growth in recent times and the need to keep the policy rate constant. The bank chief also noted that the drivers of economic recovery are " still in place ."
Course of QE
The ECB launched its asset-buying program at the start of 2015 long after the UK and the United States resorted to similar actions to boost their economies. Post that, the bank extended the program by six more months to March 2017 at the end of the year. The bank announced in December 2016 that it would lower its bond-buying program to 60 billion euros a month from 80 billion from April but has extended the program to December 2017.
Again, in October 2017, the ECB extended its asset-purchase program through September 2018 at a reduced rate of €30 billion. Those purchases have been reduced to €15 billion in the final quarter of 2018. And now it announced the closure of the program.
Inside ECB Guidance
The recent volley of weaker-than-expected economic data probably led the ECB to cut its outlook on the Euro zone. The Central Bank has now reduced its 2018 growth forecast from 2.0% projected in September to 1.9%, holding global trade tensions responsible. The GDP growth for 2019 was cut to 1.7% from 1.8%.
Added to this, confusion regarding Italy's budget deal and Brexit can act as headwinds. However, the growth projection for 2020 remained constant. Compared with the September 2018 projections, the guidance for employment remained same for 2018, 2019 and 2020.
The organization now forecasts annual HICP inflation at 1.8% for 2018 (up from 1.75 forecasted before) and 1.6% for 2019 (down from 1.7% guided in September). The inflation forecast for 2020 was in line with the September estimate.
ETFs to Play After the End of QE
Euro
If the Euro zone manages to stage a recovery sooner than expected and the greenback strength remains in place for 2019, a stoppage in easy money flow might boost the euro, making CurrencyShares Euro ETF FXE an intriguing pick (read: Why Euro ETFs Could Be a Winning Bet in 2019 ).
Financials
Since financial stocks are likely to benefit from a rising rate environment, iShares MSCI Europe Financials ETF EUFN may gain ahead. A good Italy budget and Brexit deal should perk up the fund. EUFN focuses on providing exposure to the financial sector in Europe. From a geographical perspective, it has high exposure to the U.K., Switzerland, Germany and France (read: Brexit Draft Deal Makes These Sector ETFs a Must-See ).
Small Cap
Since small-cap stocks better reflect the domestic economy and are not affected by negative currency translation like large-cap stocks are, small-cap ETFs like WisdomTree Europe SmallCap Dividend Fund DFE , SPDR EURO STOXX Small Cap ETF SMEZ and WisdomTree Europe Domestic Economy ETF EDOM might emerge as solid picks.
Dividend Growers
As the ECB withdraws support, some volatility is likely to hit the market. In the wake of this, investors will need some quality exposure like dividend growers ProShares MSCI Europe Dividend Growers ETFEUDV . The fund targets companies that are currently members of MSCI Europe and have increased dividend payments each year for at least 10 years and are thus stable in nature (see all European Equity ETFs here).
High-Yield
A focus on high-yield will also offer investors some solid current income. In order to do that, investors can bet on WisdomTree Dynamic Currency Hedged Europe Equity Fund DDEZ , which yields about 3.48% annually.
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ISHARS-MS EU FN (EUFN): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
PRO-SH EUR DV G (EUDV): ETF Research Reports
CRYSHS-EURO TR (FXE): ETF Research Reports
SPDR-EU STX SC (SMEZ): ETF Research Reports
WISDMTR-DCH EUR (DDEZ): ETF Research Reports
WISDM-EUR DEF (EDOM): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Small Cap Since small-cap stocks better reflect the domestic economy and are not affected by negative currency translation like large-cap stocks are, small-cap ETFs like WisdomTree Europe SmallCap Dividend Fund DFE , SPDR EURO STOXX Small Cap ETF SMEZ and WisdomTree Europe Domestic Economy ETF EDOM might emerge as solid picks. Click to get this free report ISHARS-MS EU FN (EUFN): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports PRO-SH EUR DV G (EUDV): ETF Research Reports CRYSHS-EURO TR (FXE): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports WISDMTR-DCH EUR (DDEZ): ETF Research Reports WISDM-EUR DEF (EDOM): ETF Research Reports To read this article on Zacks.com click here. Course of QE The ECB launched its asset-buying program at the start of 2015 long after the UK and the United States resorted to similar actions to boost their economies.
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Small Cap Since small-cap stocks better reflect the domestic economy and are not affected by negative currency translation like large-cap stocks are, small-cap ETFs like WisdomTree Europe SmallCap Dividend Fund DFE , SPDR EURO STOXX Small Cap ETF SMEZ and WisdomTree Europe Domestic Economy ETF EDOM might emerge as solid picks. Click to get this free report ISHARS-MS EU FN (EUFN): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports PRO-SH EUR DV G (EUDV): ETF Research Reports CRYSHS-EURO TR (FXE): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports WISDMTR-DCH EUR (DDEZ): ETF Research Reports WISDM-EUR DEF (EDOM): ETF Research Reports To read this article on Zacks.com click here. ETFs to Play After the End of QE Euro If the Euro zone manages to stage a recovery sooner than expected and the greenback strength remains in place for 2019, a stoppage in easy money flow might boost the euro, making CurrencyShares Euro ETF FXE an intriguing pick (read: Why Euro ETFs Could Be a Winning Bet in 2019 ).
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Small Cap Since small-cap stocks better reflect the domestic economy and are not affected by negative currency translation like large-cap stocks are, small-cap ETFs like WisdomTree Europe SmallCap Dividend Fund DFE , SPDR EURO STOXX Small Cap ETF SMEZ and WisdomTree Europe Domestic Economy ETF EDOM might emerge as solid picks. Click to get this free report ISHARS-MS EU FN (EUFN): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports PRO-SH EUR DV G (EUDV): ETF Research Reports CRYSHS-EURO TR (FXE): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports WISDMTR-DCH EUR (DDEZ): ETF Research Reports WISDM-EUR DEF (EDOM): ETF Research Reports To read this article on Zacks.com click here. ETFs to Play After the End of QE Euro If the Euro zone manages to stage a recovery sooner than expected and the greenback strength remains in place for 2019, a stoppage in easy money flow might boost the euro, making CurrencyShares Euro ETF FXE an intriguing pick (read: Why Euro ETFs Could Be a Winning Bet in 2019 ).
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Small Cap Since small-cap stocks better reflect the domestic economy and are not affected by negative currency translation like large-cap stocks are, small-cap ETFs like WisdomTree Europe SmallCap Dividend Fund DFE , SPDR EURO STOXX Small Cap ETF SMEZ and WisdomTree Europe Domestic Economy ETF EDOM might emerge as solid picks. Click to get this free report ISHARS-MS EU FN (EUFN): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports PRO-SH EUR DV G (EUDV): ETF Research Reports CRYSHS-EURO TR (FXE): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports WISDMTR-DCH EUR (DDEZ): ETF Research Reports WISDM-EUR DEF (EDOM): ETF Research Reports To read this article on Zacks.com click here. The bank announced in December 2016 that it would lower its bond-buying program to 60 billion euros a month from 80 billion from April but has extended the program to December 2017.
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694af3cc-32ba-4e04-a0e6-47de7dceb4c1
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2018-09-25 00:00:00 UTC
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ECB May Hike Rates After Summer 2019: ETFs to Gain
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DFE
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https://www.nasdaq.com/articles/ecb-may-hike-rates-after-summer-2019-etfs-gain-2018-09-25
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The European Central Bank's (ECB) upcoming meetings could be crucial enough as the ECB chief Mario Draghi sees a " relatively vigorous " uptick in underlying euro-area inflation. The bank went on to say that "the tightening labor market is pushing up wage growth ." This indicates that the central bank may hike rates for the first time since 2011 late next year, per Bloomberg.
Though the Governing Council indicated that borrowing costs will remain at record lows "at least through the summer of 2019," market watchers started mulling over what will happen after that. Coeure, who will be the likely replacement of Draghi in November 2019, said that he would prefer to chalk out economic conditions that validate higher borrowing costs. This is especially true given that the annual inflation rate in the euro area was 2% in August 2018, slightly below the previous month's five-and-a-half-year high of 2.1%.
Whatever the case, the rate hike trajectory is likely to be slower as there are host of global issues loitering - mainly trade war tensions and Brexit - that could cripple the euro zone growth momentum. As of now, market watchers see the lift-off around October 2019.
Investors should note that in Europe, the Norges Bank raised its key policy rate to 0.75% from 0.5% on Sep 20. It was the first rise in borrowing costs since 2011, as inflation accelerated and economic growth picked up. The bank raised its reserve rate by 25 bps to -0.25% on the day. The chances of policy tightening are getting stronger in Europe.
Bank of England hiked interest rates for the second time since the financial crisis in August. Sweden's Riksbank plans to begin raising rates in December or February (read: Norway Hikes Rate for First Time in 7 Years: ETFs in Focus ).
What to Play if ECB Hikes Rates Next Year?
If this happens, investors can play the following ETFs.
Euro
The euro has jumped after the ECB remarks, touching the highest level since June . If the ECB ends QE and hikes rates next year, the currency is likely to gain strength. Then investors can play funds like Guggenheim CurrencyShares Euro TrustFXE and ProShares Ultra EuroULE (read: Currency ETFs Winners & Losers on Turkey Crisis ).
Small-Cap Europe ETFs
Large-cap European stocks that have greater foreign exposure are likely to come under pressure thanks to a stronger euro as it lowers the region's export competitiveness. So, it is better to be on smaller-cap stocks and ETFs that are less perturbed by currency risks. The choices are the likes of WisdomTree Europe SmallCap Dividend Fund DFE and SPDR EURO STOXX Small Cap ETFSMEZ (read: How Europe ETFs are Susceptible to U.S.-China Trade Spat? ).
Financials
Following Mario Draghi's speech, Germany's 10-year bond reached the highest level since mid-June , according to Reuters data, quoted on CNBC. Since financial stocks are likely to benefit from a rising rate environment, iShares MSCI Europe Financials ETF EUFN may gain ahead. EUFN focuses on giving exposure to the financial sector in Europe.
Dividend Growers
When the ECB will pull out its support, some tumult is likely in the market. Then investors will be needing some quality exposure like dividend growers ProShares MSCI Europe Dividend Growers ETFEUDV . The fund targets companies that are currently members of MSCI Europe and have increased dividend payouts each year for at least 10 years and are thus stable in nature.
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ISHARS-MS EU FN (EUFN): ETF Research Reports
WISTR-EUR QD (EUDG): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
PRO-ULT EURO (ULE): ETF Research Reports
PRO-SH EUR DV G (EUDV): ETF Research Reports
CRYSHS-EURO TR (FXE): ETF Research Reports
SPDR-EU STX SC (SMEZ): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The choices are the likes of WisdomTree Europe SmallCap Dividend Fund DFE and SPDR EURO STOXX Small Cap ETFSMEZ (read: How Europe ETFs are Susceptible to U.S.-China Trade Spat? Click to get this free report ISHARS-MS EU FN (EUFN): ETF Research Reports WISTR-EUR QD (EUDG): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports PRO-ULT EURO (ULE): ETF Research Reports PRO-SH EUR DV G (EUDV): ETF Research Reports CRYSHS-EURO TR (FXE): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports To read this article on Zacks.com click here. Whatever the case, the rate hike trajectory is likely to be slower as there are host of global issues loitering - mainly trade war tensions and Brexit - that could cripple the euro zone growth momentum.
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Click to get this free report ISHARS-MS EU FN (EUFN): ETF Research Reports WISTR-EUR QD (EUDG): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports PRO-ULT EURO (ULE): ETF Research Reports PRO-SH EUR DV G (EUDV): ETF Research Reports CRYSHS-EURO TR (FXE): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports To read this article on Zacks.com click here. The choices are the likes of WisdomTree Europe SmallCap Dividend Fund DFE and SPDR EURO STOXX Small Cap ETFSMEZ (read: How Europe ETFs are Susceptible to U.S.-China Trade Spat? Since financial stocks are likely to benefit from a rising rate environment, iShares MSCI Europe Financials ETF EUFN may gain ahead.
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Click to get this free report ISHARS-MS EU FN (EUFN): ETF Research Reports WISTR-EUR QD (EUDG): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports PRO-ULT EURO (ULE): ETF Research Reports PRO-SH EUR DV G (EUDV): ETF Research Reports CRYSHS-EURO TR (FXE): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports To read this article on Zacks.com click here. The choices are the likes of WisdomTree Europe SmallCap Dividend Fund DFE and SPDR EURO STOXX Small Cap ETFSMEZ (read: How Europe ETFs are Susceptible to U.S.-China Trade Spat? Sweden's Riksbank plans to begin raising rates in December or February (read: Norway Hikes Rate for First Time in 7 Years: ETFs in Focus ).
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The choices are the likes of WisdomTree Europe SmallCap Dividend Fund DFE and SPDR EURO STOXX Small Cap ETFSMEZ (read: How Europe ETFs are Susceptible to U.S.-China Trade Spat? Click to get this free report ISHARS-MS EU FN (EUFN): ETF Research Reports WISTR-EUR QD (EUDG): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports PRO-ULT EURO (ULE): ETF Research Reports PRO-SH EUR DV G (EUDV): ETF Research Reports CRYSHS-EURO TR (FXE): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports To read this article on Zacks.com click here. Investors should note that in Europe, the Norges Bank raised its key policy rate to 0.75% from 0.5% on Sep 20.
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728708.0
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2018-06-29 00:00:00 UTC
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How Europe ETFs are Susceptible to U.S.-China Trade Spat?
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DFE
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https://www.nasdaq.com/articles/how-europe-etfs-are-susceptible-us-china-trade-spat-2018-06-29
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Trade tensions have grabbed headlines so far this year. As part of his protectionist agenda, Trump first slapped steel and aluminum import tariffs against China, Canada, Mexico and the EU (read: Trade War Heats Up Again: ETFs & Stocks in Focus ).
The clash with China hit a fever pitch as in his pledge to punish the alleged theft of U.S. intellectual property, President Trump slammed 25% tariff on $50 billion worth of Chinese goods, of which $34 billion worth of goods will be subjected to tariff starting Jul 6.
China appeared steadfast in enacting a tit-for-tat tariff, attacking the same worth of U.S. goods. But the situation may worsen as the White House plans to enact tariffs on an extra $200 billion worth of Chinese goods, if China keeps retaliating.
Apart from China, other regions like Mexico and EU also imposed retaliatory tariffs, which raised concerns over global growth. While Asian countries and emerging markets have to face the direct impact of the trade tensions, the European economy also has many reasons to worry about.
Europe ETFs Losing Sheen on Trade Tensions
Sensing that Europe could bear the major aftershock of trade war, fund managers pulled out billions of dollars from European equity ($17 billion) and bond funds ($8 billion) in the May-June period, according to data from the Institute of International Finance and EPFR Global. Export-intensive sectors bore the brunt, per an article published on Wall Street Journal.
Exports represent 27% of Eurozone's GDP compared with 12% for the United States and 21% for China, per the European Central Bank. So, a tiff between the United States and China will likely have a negative impact on Europe as all are interconnected through trade in today's world.
Though Europe will not bear the direct impact of the U.S.-China trade spat, the article published on Wall Street Journal indicated that "the global supply chains that its companies rely upon for components could be hit as the U.S. and China target each other's products."
China and the United States form a total of 24% of the Stoxx Europe 600's revenues according to FactSet. So, any slowdown in these two economies will invariably hurt European market (read: Trade, Fed & Oil Wrote Top ETF Stories of 1H ).
Auto: An Especially Weak Space
Investors should note that the region's auto stocks saw the bloodbath as steel and aluminum tariffs thwart Germany's one of the most thriving export industry. This is especially true given Mercedes-Benz maker, Germany's Daimler lowered its 2018 profit forecast, holding a trade war between China and the United States and stringent pollution control norms responsible.
This sent shockwaves across the auto industry, which is why the stocks in the sector slumped to a nine-month low on European markets a week back. Also, the Trump administration initiated a national security investigation into auto imports, which along with the metal tariffs put First Trust NASDAQ Global Auto Index Fund CARZ under pressure. Bank of America Merrill Lynch estimates that only U.S. car tariffs at 25% could dent Euro area GDP by at least 0.3% (read: 5 Sector ETFs Most Exposed to Trade Tensions ).
Europe ETFs That Suffered the Most in the Past Month
Below we highlight a few Europe ETFs that have bled heavily in the past month (as of Jun 28, 2018).
First Trust Germany AlphaDEX Fund FGM - Down 8.30%
First Trust Eurozone AlphaDEX ETF FEUZ - Down 5.20%
Franklin FTSE France ETF FLFR - Down 5.13%
WisdomTree Europe SmallCap Dividend DFE - Down 4.81%
iShares MSCI Europe Small-Cap ET F IEUS - Down 4.51%
iShares MSCI Austria ETF EWO - Down 3.70%
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FT-EUROZN ALPHD (FEUZ): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
ISHARS-AUSTRIA (EWO): ETF Research Reports
FT-NDQ GL AUTO (CARZ): ETF Research Reports
ISHARS-MS EU SC (IEUS): ETF Research Reports
FT-GERMANY (FGM): ETF Research Reports
FL-FTSE FRANCE (FLFR): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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First Trust Germany AlphaDEX Fund FGM - Down 8.30% First Trust Eurozone AlphaDEX ETF FEUZ - Down 5.20% Franklin FTSE France ETF FLFR - Down 5.13% WisdomTree Europe SmallCap Dividend DFE - Down 4.81% iShares MSCI Europe Small-Cap ET F IEUS - Down 4.51% iShares MSCI Austria ETF EWO - Down 3.70% Want key ETF info delivered straight to your inbox? Click to get this free report FT-EUROZN ALPHD (FEUZ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-AUSTRIA (EWO): ETF Research Reports FT-NDQ GL AUTO (CARZ): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports FT-GERMANY (FGM): ETF Research Reports FL-FTSE FRANCE (FLFR): ETF Research Reports To read this article on Zacks.com click here. As part of his protectionist agenda, Trump first slapped steel and aluminum import tariffs against China, Canada, Mexico and the EU (read: Trade War Heats Up Again: ETFs & Stocks in Focus ).
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First Trust Germany AlphaDEX Fund FGM - Down 8.30% First Trust Eurozone AlphaDEX ETF FEUZ - Down 5.20% Franklin FTSE France ETF FLFR - Down 5.13% WisdomTree Europe SmallCap Dividend DFE - Down 4.81% iShares MSCI Europe Small-Cap ET F IEUS - Down 4.51% iShares MSCI Austria ETF EWO - Down 3.70% Want key ETF info delivered straight to your inbox? Click to get this free report FT-EUROZN ALPHD (FEUZ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-AUSTRIA (EWO): ETF Research Reports FT-NDQ GL AUTO (CARZ): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports FT-GERMANY (FGM): ETF Research Reports FL-FTSE FRANCE (FLFR): ETF Research Reports To read this article on Zacks.com click here. As part of his protectionist agenda, Trump first slapped steel and aluminum import tariffs against China, Canada, Mexico and the EU (read: Trade War Heats Up Again: ETFs & Stocks in Focus ).
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First Trust Germany AlphaDEX Fund FGM - Down 8.30% First Trust Eurozone AlphaDEX ETF FEUZ - Down 5.20% Franklin FTSE France ETF FLFR - Down 5.13% WisdomTree Europe SmallCap Dividend DFE - Down 4.81% iShares MSCI Europe Small-Cap ET F IEUS - Down 4.51% iShares MSCI Austria ETF EWO - Down 3.70% Want key ETF info delivered straight to your inbox? Click to get this free report FT-EUROZN ALPHD (FEUZ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-AUSTRIA (EWO): ETF Research Reports FT-NDQ GL AUTO (CARZ): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports FT-GERMANY (FGM): ETF Research Reports FL-FTSE FRANCE (FLFR): ETF Research Reports To read this article on Zacks.com click here. Europe ETFs Losing Sheen on Trade Tensions Sensing that Europe could bear the major aftershock of trade war, fund managers pulled out billions of dollars from European equity ($17 billion) and bond funds ($8 billion) in the May-June period, according to data from the Institute of International Finance and EPFR Global.
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Click to get this free report FT-EUROZN ALPHD (FEUZ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-AUSTRIA (EWO): ETF Research Reports FT-NDQ GL AUTO (CARZ): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports FT-GERMANY (FGM): ETF Research Reports FL-FTSE FRANCE (FLFR): ETF Research Reports To read this article on Zacks.com click here. First Trust Germany AlphaDEX Fund FGM - Down 8.30% First Trust Eurozone AlphaDEX ETF FEUZ - Down 5.20% Franklin FTSE France ETF FLFR - Down 5.13% WisdomTree Europe SmallCap Dividend DFE - Down 4.81% iShares MSCI Europe Small-Cap ET F IEUS - Down 4.51% iShares MSCI Austria ETF EWO - Down 3.70% Want key ETF info delivered straight to your inbox? The clash with China hit a fever pitch as in his pledge to punish the alleged theft of U.S. intellectual property, President Trump slammed 25% tariff on $50 billion worth of Chinese goods, of which $34 billion worth of goods will be subjected to tariff starting Jul 6.
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728709.0
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2018-06-07 00:00:00 UTC
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Winning ETF Bets if ECB Ends QE This Year
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DFE
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https://www.nasdaq.com/articles/winning-etf-bets-if-ecb-ends-qe-year-2018-06-07
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nan
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nan
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The European Central Bank's (ECB) next meeting in mid-June could be crucial enough to decide the exit timeline of the ongoing QE policy, per the ECB's Chief Economist . The bank currently has a policy of net asset purchases worth €30 billion per month until at least the end of September. ECB officials will meet on Jun 14 in Latvia, where they may discuss the possibilities of winding down bond-buying.
Per the chief economist Peter Praet, the ECB is satisfied with the uptick in inflation, which boosts the chances of a sooner-than-expected QE demise. Notably, the annual inflation rate in the Euro Area rose to 1.9% in May of 2018 from 1.2% in April and beat market expectations of 1.6%. A jump in oil prices is likely to have given a boost to the figure.
The ECB has a goal of having inflation close to 2%. Investors should note that deflationary worries have been spooking Euro zone for long, which is why the ECB embarked on the QE policy along with negative interest rates.
QE Taper in Cards, If Not Complete End After September?
The ECB launched its asset-buying program at the start of 2015 and extended the program by six more months to March 2017 at the end of the year. Then the bank announced in December 2016 that it would lower its bond-buying program to 60 billion euros a month from 80 billion from April but extended the program to December 2017.
Then again in October 2017, the ECB extended its asset-purchase program through September 2018 at a reduced rate of €30 billion. The ECB maintained that the policy could be extended, should there be any necessity (read: ECB's Dovish Taper Boosts These ETFs ).
So, there is a high chance that the central bank would now wrap up the program by extending it beyond September but at a measured pace until year end . This is especially true given that the Euro zone economy has slowed this year and maybe in need for some more support after September. If this happens, investors can play the following ETFs.
ETFs to Play if the ECB Ends QE Soon
Euro
CurrencyShares Euro ETF (FXE)
A stoppage in easy money flow should boost the euro, making FXE an intriguing pick.
Financials
iShares MSCI Europe Financials ETF (EUFN)
Since financial stocks are likely to benefit from a rising rate environment, EUFN may gain ahead. The news pushed the yield on the 10-year German Bund considerably.
EUFN focuses on giving exposure to the financial sector in Europe. From a geographical perspective, it has high exposure to the U.K., Switzerland and France (read: ETFs to Gain/Lose if Italy Crisis Deepens ).
Small Cap
Since small-cap stocks better reflect the domestic economy and are not hurt by negative currency translation like large-cap stocks are, small-cap ETFs like WisdomTree Europe SmallCap Dividend Fund (DFE), SPDR EURO STOXX Small Cap ETF (SMEZ)andWisdomTree Europe Domestic Economy ETF (EDOM) could emerge as solid picks.
Low Volatility
Now, the QE end can trigger a taper tantrum like what we saw in the United States in 2013. Thus, investors may tap iShares MSCI Europe Minimum Volatility ETF EUMV to wait out the volatility (see all European Equity ETFs here).
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CRYSHS-EURO TR (FXE): ETF Research Reports
ISHARS-MS EU FN (EUFN): ETF Research Reports
ISHARS-MS EU MV (EUMV): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
WISDM-EUR DEF (EDOM): ETF Research Reports
SPDR-EU STX SC (SMEZ): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Small Cap Since small-cap stocks better reflect the domestic economy and are not hurt by negative currency translation like large-cap stocks are, small-cap ETFs like WisdomTree Europe SmallCap Dividend Fund (DFE), SPDR EURO STOXX Small Cap ETF (SMEZ)andWisdomTree Europe Domestic Economy ETF (EDOM) could emerge as solid picks. Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports ISHARS-MS EU FN (EUFN): ETF Research Reports ISHARS-MS EU MV (EUMV): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports WISDM-EUR DEF (EDOM): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports To read this article on Zacks.com click here. Per the chief economist Peter Praet, the ECB is satisfied with the uptick in inflation, which boosts the chances of a sooner-than-expected QE demise.
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Small Cap Since small-cap stocks better reflect the domestic economy and are not hurt by negative currency translation like large-cap stocks are, small-cap ETFs like WisdomTree Europe SmallCap Dividend Fund (DFE), SPDR EURO STOXX Small Cap ETF (SMEZ)andWisdomTree Europe Domestic Economy ETF (EDOM) could emerge as solid picks. Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports ISHARS-MS EU FN (EUFN): ETF Research Reports ISHARS-MS EU MV (EUMV): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports WISDM-EUR DEF (EDOM): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports To read this article on Zacks.com click here. Financials iShares MSCI Europe Financials ETF (EUFN) Since financial stocks are likely to benefit from a rising rate environment, EUFN may gain ahead.
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Small Cap Since small-cap stocks better reflect the domestic economy and are not hurt by negative currency translation like large-cap stocks are, small-cap ETFs like WisdomTree Europe SmallCap Dividend Fund (DFE), SPDR EURO STOXX Small Cap ETF (SMEZ)andWisdomTree Europe Domestic Economy ETF (EDOM) could emerge as solid picks. Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports ISHARS-MS EU FN (EUFN): ETF Research Reports ISHARS-MS EU MV (EUMV): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports WISDM-EUR DEF (EDOM): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports To read this article on Zacks.com click here. ETFs to Play if the ECB Ends QE Soon Euro CurrencyShares Euro ETF (FXE) A stoppage in easy money flow should boost the euro, making FXE an intriguing pick.
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Small Cap Since small-cap stocks better reflect the domestic economy and are not hurt by negative currency translation like large-cap stocks are, small-cap ETFs like WisdomTree Europe SmallCap Dividend Fund (DFE), SPDR EURO STOXX Small Cap ETF (SMEZ)andWisdomTree Europe Domestic Economy ETF (EDOM) could emerge as solid picks. Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports ISHARS-MS EU FN (EUFN): ETF Research Reports ISHARS-MS EU MV (EUMV): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports WISDM-EUR DEF (EDOM): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports To read this article on Zacks.com click here. The European Central Bank's (ECB) next meeting in mid-June could be crucial enough to decide the exit timeline of the ongoing QE policy, per the ECB's Chief Economist .
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728710.0
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2018-04-02 00:00:00 UTC
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WisdomTree Europe SmallCap Dividend Fund Breaks Below 200-Day Moving Average - Notable for DFE
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DFE
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https://www.nasdaq.com/articles/wisdomtree-europe-smallcap-dividend-fund-breaks-below-200-day-moving-average-notable-dfe
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nan
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In trading on Monday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed below their 200 day moving average of $68.94, changing hands as low as $68.52 per share. WisdomTree Europe SmallCap Dividend Fund shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of DFE shares, versus its 200 day moving average:
Looking at the chart above, DFE's low point in its 52 week range is $58.80 per share, with $75.6052 as the 52 week high point - that compares with a last trade of $68.67.
Click here to find out which 9 other ETFs recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed below their 200 day moving average of $68.94, changing hands as low as $68.52 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $58.80 per share, with $75.6052 as the 52 week high point - that compares with a last trade of $68.67. WisdomTree Europe SmallCap Dividend Fund shares are currently trading down about 1.8% on the day.
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In trading on Monday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed below their 200 day moving average of $68.94, changing hands as low as $68.52 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $58.80 per share, with $75.6052 as the 52 week high point - that compares with a last trade of $68.67. Click here to find out which 9 other ETFs recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed below their 200 day moving average of $68.94, changing hands as low as $68.52 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $58.80 per share, with $75.6052 as the 52 week high point - that compares with a last trade of $68.67. Click here to find out which 9 other ETFs recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed below their 200 day moving average of $68.94, changing hands as low as $68.52 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $58.80 per share, with $75.6052 as the 52 week high point - that compares with a last trade of $68.67. Click here to find out which 9 other ETFs recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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075ddfe1-2148-4ad1-a9b6-7446c801c36a
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728711.0
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2018-03-09 00:00:00 UTC
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Will ECB Exit QE After September? ETFs to Gain
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DFE
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https://www.nasdaq.com/articles/will-ecb-exit-qe-after-september-etfs-gain-2018-03-09
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nan
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nan
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The European Central Bank (ECB) kept interest rates unchanged and will continue buying 30 billion euros of assets a month until at least the end of September. Deposit rate, main refinancing rate and marginal lending rate were kept unchanged at negative 0.4%, zero and 0.25%, respectively.
This is nothing new but the fact that the ECB shifted away from its ' easing bias ' on Thursday, was unexpected. According to an article published on CNBC, "President Mario Draghi said Thursday that the solid economic recovery in the region supported the decision to remove the so-called easing bias."
Solid Growth Momentum
In fact, the Euro zone economy is expected to grow even faster in the coming days. The ECB now projects annual real GDP growth of 2.4% in 2018 , 1.9% in 2019 and 1.7% in 2020. Compared with the guidance issued in December 2017, the outlook for real GDP growth has been beefed up ( from 2.3% ) for 2018 and kept the same for 2019 and 2020. Going forward, based on the current futures prices for oil, annual rates of headline inflation are likely to hover around 1.5% for the rest of the year.
Analysts' Views
The ECB's " greater confidence in the Euro zone economy" led market watchers to believe that the ECB's QE-era is expected to end soon. Wolfgang Kiener, senior analyst at BayernLB, noted that "given only a slow increase of core inflation , we expect the ECB to reduce QE from October on to 15 billion euros per month and to stop it altogether at the end of year."
Analysts such as ING Diba Chief Economist Carsten Brzeski also believe that the ECB's stimulus program will not be seen beyond this year, as deflationary threat is not troubling now.
Theglobal marketstrategist at J.P. Morgan Asset Management sounded more hawkish. The strategist believes that thanks to solid economic growth and a sudden decline in unemployment across the Euro zone, the ECB may make an exit from QE in September.
What to Play if QE Ends This Year?
If this happens, investors can play the following ETFs and stocks.
Euro
The euro has been on an upward march in recent times thanks to the region's economic growth and lower political risks. If the ECB tapers or ends QE, the currency is likely to gain strength. Then investors can play funds like Guggenheim CurrencyShares Euro TrustFXE , ProShares Ultra EuroULE and Market Vectors Double Long Euro ETNURR (read: ECB Meeting Puts These Euro ETFs in Focus ).
Small-Cap Europe ETFs
However, large-cap European stocks that have greater foreign exposure are likely to come under pressure thanks to a stronger euro as it lowers the region's export competitiveness. So, it is better to be on smaller-cap stocks and ETFs that are less perturbed by currency risks.
The choices are WisdomTree Europe SmallCap Dividend Fund DFE , SPDR EURO STOXX Small Cap ETFSMEZ , WisdomTree Europe Local Recovery FundEDOM and iShares MSCI Germany Small-Cap ETF EWGS .
Financials
iShares MSCI Europe Financials ETF EUFN
As soon as the ECB dropped its " long-standing pledge to increase bond buying if needed," Germany's 10-year bond yield rose. Since financial stocks are likely to benefit from a rising rate environment, EUFN may gain ahead. EUFN focuses on giving exposure to the financial sector in Europe. From a geographical perspective, it has high exposure to the U.K., Switzerland, France and Germany.
Dividend Growers
When the ECB will pull out its support, some tumult is likely in the market. Then investors will be needing some quality exposure like dividend growers ProShares MSCI Europe Dividend Growers ETFEUDV . The fund targets companies that are currently members of MSCI Europe and have increased dividend payments each year for at least 10 years and are thus stable in nature.
Growth ETFs
Last but not the least, in a growing economy, growth funds should do good. This is especially true given the fact that business investment has been strengthening helped by " favorable financing conditions , rising corporate profitability and solid demand."
Investors can take a look at WisdomTree Europe Dividend Growth FundEUDG . The fund measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree DEFA Index. The index comprises 300 companies from the eligible universe based on their combined ranking of growth and quality factors.
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CRYSHS-EURO TR (FXE): ETF Research Reports
ISHARS-MS EU FN (EUFN): ETF Research Reports
PRO-SH EUR DV G (EUDV): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
ISHARS-MS GRMSC (EWGS): ETF Research Reports
PRO-ULT EURO (ULE): ETF Research Reports
WISTR-EUR QD (EUDG): ETF Research Reports
WISDM-EUR DEF (EDOM): ETF Research Reports
MKT-VEC DB L EU (URR): ETF Research Reports
SPDR-EU STX SC (SMEZ): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The choices are WisdomTree Europe SmallCap Dividend Fund DFE , SPDR EURO STOXX Small Cap ETFSMEZ , WisdomTree Europe Local Recovery FundEDOM and iShares MSCI Germany Small-Cap ETF EWGS . Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports ISHARS-MS EU FN (EUFN): ETF Research Reports PRO-SH EUR DV G (EUDV): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS GRMSC (EWGS): ETF Research Reports PRO-ULT EURO (ULE): ETF Research Reports WISTR-EUR QD (EUDG): ETF Research Reports WISDM-EUR DEF (EDOM): ETF Research Reports MKT-VEC DB L EU (URR): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports To read this article on Zacks.com click here. According to an article published on CNBC, "President Mario Draghi said Thursday that the solid economic recovery in the region supported the decision to remove the so-called easing bias."
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Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports ISHARS-MS EU FN (EUFN): ETF Research Reports PRO-SH EUR DV G (EUDV): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS GRMSC (EWGS): ETF Research Reports PRO-ULT EURO (ULE): ETF Research Reports WISTR-EUR QD (EUDG): ETF Research Reports WISDM-EUR DEF (EDOM): ETF Research Reports MKT-VEC DB L EU (URR): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports To read this article on Zacks.com click here. The choices are WisdomTree Europe SmallCap Dividend Fund DFE , SPDR EURO STOXX Small Cap ETFSMEZ , WisdomTree Europe Local Recovery FundEDOM and iShares MSCI Germany Small-Cap ETF EWGS . Financials iShares MSCI Europe Financials ETF EUFN As soon as the ECB dropped its " long-standing pledge to increase bond buying if needed," Germany's 10-year bond yield rose.
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The choices are WisdomTree Europe SmallCap Dividend Fund DFE , SPDR EURO STOXX Small Cap ETFSMEZ , WisdomTree Europe Local Recovery FundEDOM and iShares MSCI Germany Small-Cap ETF EWGS . Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports ISHARS-MS EU FN (EUFN): ETF Research Reports PRO-SH EUR DV G (EUDV): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS GRMSC (EWGS): ETF Research Reports PRO-ULT EURO (ULE): ETF Research Reports WISTR-EUR QD (EUDG): ETF Research Reports WISDM-EUR DEF (EDOM): ETF Research Reports MKT-VEC DB L EU (URR): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports To read this article on Zacks.com click here. Then investors can play funds like Guggenheim CurrencyShares Euro TrustFXE , ProShares Ultra EuroULE and Market Vectors Double Long Euro ETNURR (read: ECB Meeting Puts These Euro ETFs in Focus ).
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The choices are WisdomTree Europe SmallCap Dividend Fund DFE , SPDR EURO STOXX Small Cap ETFSMEZ , WisdomTree Europe Local Recovery FundEDOM and iShares MSCI Germany Small-Cap ETF EWGS . Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports ISHARS-MS EU FN (EUFN): ETF Research Reports PRO-SH EUR DV G (EUDV): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS GRMSC (EWGS): ETF Research Reports PRO-ULT EURO (ULE): ETF Research Reports WISTR-EUR QD (EUDG): ETF Research Reports WISDM-EUR DEF (EDOM): ETF Research Reports MKT-VEC DB L EU (URR): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports To read this article on Zacks.com click here. Solid Growth Momentum In fact, the Euro zone economy is expected to grow even faster in the coming days.
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56927d25-f348-4397-8011-c1ccc335a511
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728712.0
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2017-12-13 00:00:00 UTC
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3 Smart Beta ETFs to Buy for Low-Risk Portfolio Diversification
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https://www.nasdaq.com/articles/3-smart-beta-etfs-buy-low-risk-portfolio-diversification-2017-12-13
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
When you see an article about smart beta funds, the first thing that might come to your mind is what does "smart beta" mean?
"Beta" measures the volatility of a security or portfolio in relation to the entire market. Volatility is how we measure risk. The more volatile a security or portfolio is, the more risk there is in that investment. That's because an investment that, say, moves between -5% and +5% in a year is less volatile and less risky than one that moves between -40% and +40%.
"Smart beta" exchange-traded funds (ETFs) are what I call "half-managed." Managers select an index to operate of off, and then adjust according to certain criteria that theoretically reduces the risk of the smart beta ETF - hence the term "smart."
Thus, instead of just using a cap-weighted ETF, a manager may rejigger the portfolio to take advantage of his own knowledge or expertise, or various quantitative data, to reach this goal of reduced risk via smart beta.
7 Best Dividend ETFs to Buy for 2018
With that in mind, here are three smart beta ETFs to buy, depending on the kind of investor you are.
Smart Beta ETFs to Buy: WisdomTree Europe SmallCap Div Fd (ETF) (DFE)
Expense Ratio: 0.58%, or $58 annually per $10,000 invested
One of the important elements in a diversified portfolio is to have international exposure. Another is to have small-cap stocks in your portfolio, since they historically are the best performing sector. Thus, the WisdomTree Europe SmallCap Div Fd (ETF) (NYSEARCA: DFE ) is worth a look.
This ETF focuses on both European equities that are also small-caps, and even better, they pay dividends. Thus, given that these companies have the cash flow to pay dividends and that they are still only small-caps, that's good news.
Its top holdings consist of oddball names like asset management group GAM Holding (OTCMKTS: GMHLF ) and Aurelius Equity Opportunities (OTCMKTS: AULRF ).
The smart beta DFE grabs the bottom 25% of all the market caps of the WisdomTree Europe Dividend Index after the biggest three hundred companies are removed. The remainder are weighted, but only according to cash dividend paid on an annual basis.
Smart Beta ETFs to Buy: PowerShares S&P 500 Low Volatility ETF (SPLV)
Expense Ratio: 0.25%
Now, let's have a look at the big gorilla that everyone owns - the S&P 500 . The S&P 500 is up 19% so far this year. However, it's low-volatility version, the PowerShares S&P 500 Low Volatility ETF (NYSEARCA: SPLV ) is up 15%. Over a 3-year period, the S&P is up 10.42% annually vs. 11.16% for the SPLV.
Moreover, the Sharpe Ratio - a measure of risk-adjusted return - is 1.4 for SPLV vs. 1.0 for SPY. What we see, then, is that this year, investors are getting about 270bps less in return but significantly less risk. Over a three-year period, the returns have actually been higher, even with less risk.
The SPLV has a beta of 0.78 - which means it is 78% as volatile as the S&P 500 itself - or it carries 22% less risk.
The reason for this diminished risk is how this smart beta index is constructed. The smart beta SPLV takes only one hundred stocks from the index, and only those with the lowest realized volatility over the past year. Thus, risk is spread out, making SPLV one of the most solid smart beta ETFs to buy.
5 Best Technology ETFs to Beat the Market in 2018
Top holdings include companies like The Coca-Cola Co (NYSE: KO ) and Berkshire Hathaway Inc. (NYSE: BRK.B )
Smart Beta ETFs to Buy: iShares Global Telecom ETF (IXP)
Expense Ratio: 0.48%
Finally, we have iShares Global Telecom ETF (NYSEARCA: IXP ). We're back to the theme of investing internationally, but "global" also means domestic companies. There can be risk with international stocks because securities laws differ and there can be unstable regimes in charge of some countries.
However, when it comes to telecom, there is a higher degree of security. Many international telecom companies are often state-owned, or the state controls them in some way. They also tend to be monopolies, so cash flow is guaranteed. They do carry a lot of debt, but just like the companies here, the necessity of having telecom service results in consistent cash flow.
In addition, that cash flow usually means consistent dividends. Indeed, this fund pays a 3.92% dividend.
Its top non-U.S. holdings include companies like Vodafone Group Plc (ADR) (NASDAQ: VOD ) and Deutsche Telekom AG (ADR) (OTCMKTS: DTEGY ).
Lawrence Meyers is the CEO of PDL Capital, a specialty lender focusing on consumer finance and is the Manager of The Liberty Portfolio at www.thelibertyportfolio.com. He does not own any stock mentioned. He has 22 years' experience in the stock market, and has written more than 1,600 articles on investing. Lawrence Meyers can be reached at TheLibertyPortfolio@gmail.com.
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The post 3 Smart Beta ETFs to Buy for Low-Risk Portfolio Diversification appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The smart beta DFE grabs the bottom 25% of all the market caps of the WisdomTree Europe Dividend Index after the biggest three hundred companies are removed. Smart Beta ETFs to Buy: WisdomTree Europe SmallCap Div Fd (ETF) (DFE) Expense Ratio: 0.58%, or $58 annually per $10,000 invested One of the important elements in a diversified portfolio is to have international exposure. Thus, the WisdomTree Europe SmallCap Div Fd (ETF) (NYSEARCA: DFE ) is worth a look.
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Smart Beta ETFs to Buy: WisdomTree Europe SmallCap Div Fd (ETF) (DFE) Expense Ratio: 0.58%, or $58 annually per $10,000 invested One of the important elements in a diversified portfolio is to have international exposure. Thus, the WisdomTree Europe SmallCap Div Fd (ETF) (NYSEARCA: DFE ) is worth a look. The smart beta DFE grabs the bottom 25% of all the market caps of the WisdomTree Europe Dividend Index after the biggest three hundred companies are removed.
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Smart Beta ETFs to Buy: WisdomTree Europe SmallCap Div Fd (ETF) (DFE) Expense Ratio: 0.58%, or $58 annually per $10,000 invested One of the important elements in a diversified portfolio is to have international exposure. Thus, the WisdomTree Europe SmallCap Div Fd (ETF) (NYSEARCA: DFE ) is worth a look. The smart beta DFE grabs the bottom 25% of all the market caps of the WisdomTree Europe Dividend Index after the biggest three hundred companies are removed.
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Smart Beta ETFs to Buy: WisdomTree Europe SmallCap Div Fd (ETF) (DFE) Expense Ratio: 0.58%, or $58 annually per $10,000 invested One of the important elements in a diversified portfolio is to have international exposure. Thus, the WisdomTree Europe SmallCap Div Fd (ETF) (NYSEARCA: DFE ) is worth a look. The smart beta DFE grabs the bottom 25% of all the market caps of the WisdomTree Europe Dividend Index after the biggest three hundred companies are removed.
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2017-12-04 00:00:00 UTC
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Shifting Global Markets Offer Income Investors Ripening Opportunities
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https://www.nasdaq.com/articles/shifting-global-markets-offer-income-investors-ripening-opportunities-2017-12-04
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The international economy is always alive with uncertainties, but the current picture seems extraordinary.
[ibd-display-video id=2847807 width=50 float=left autostart=true] Grexit gave way to Brexit, Russia and OPEC are now allies in the fight against the global oil glut, the U.S. Federal Reserve and the Central Bank of England are hiking interest rates, with Europe's Central Bank poised to follow suit, and the U.S. is set to renegotiate a broad swathe of its cross-border trade pacts.
Does all the flux and uncertainty mean U.S. income investors should retreat onto more familiar and fast-growing U.S. turf?
"Absolutely not," said Richard Kahler, president of Kahler Financial Group in Rapid City, S.D., via email. "Research indicates it's a fool's game to try and pick winners and losers in equity trends, interest rate trends and even in countries."
Kahler, whose firm manages $130 million in assets, acknowledges the U.S. has enjoyed a great run recently, but says "it's no guarantee that will continue."
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Knowing what's going on in the stomarket helps in decIt is also true that the more familiar territory of U.S. bonds and dividend-paying stocks won't generate the kind of returns sought by most income investors - at least not until the Fed cranks rates back up closer to their long-term norms.
"For many clients that we deal with, navigating a lower interest rate environment means looking at strategies that diversify the source of your income," said Chris Wolfe, chief investment officer with First Republic Private Wealth Management in San Francisco.
That means deciding on a mix of higher-risk and safe-bet bonds, like Treasuries, combined with a portfolio of dividend-paying stocks. It could include some real estate, as well as options strategies, where applicable.
Each of these segments typically benefits from overseas exposure.
"If you look at the fundamentals … when you compare them and put them next to each other, we do like international components much better," said Ekta Patel, director with Altfest Personal Wealth Management in New York.
Patel, whose firm manages $1.3 billion in assets with an average portfolio of $2.2 million, says overseas economies - particularly developing economies - are playing catch-up to the long, gradual recovery cycle that has played out across the U.S. economy.
Europe's recovery continues to show promise, Patel says. And the ECB's purchase of corporate debt, although set to taper, continues to bode well for eurozone-based dividend names, she said. Altfest maintains a core, strategic investment in emerging market debt, and makes tactical trades around that core position based on shorter-term events.
IBD's TAKE:Keeping up with stock market news helps in deciding how to allocate assets globally. Keep up on market events with IBD's Big Picture & Market Pulse .
Wolfe, part of a First Republic wealth management team overseeing $101 billion in assets, says it is critical to understand how the risks within a portfolio relate to each other. Risks from U.S.-based and non-U.S. equities in general are strongly linked. But risks between say, stocks in the U.K., where stock index dividends have yielded 3% to 4% over the past 12 months, and U.S. real estate have weak correlation, he says.
"Even though diversifying might leave you short of your goal, you still want to diversify the sources of income in order to manage the risk," Wolfe said.
Stock funds tapping U.K. and European companies include First Trust STOXX European Select Dividend Index Fund ( FDD ), which currently yields 3.1% and has its heaviest weightings in EasyJet, Royal Dutch Shell (RDSA) and electrical utility Fortum. WisdomTree Europe SmallCap Dividend Fund ( DFE ) pays out 2.8%, with small caps in the U.K., Sweden, Italy and Germany accounting for about 60% of its portfolio.
Kahler reiterates that attempting to pick the winners among countries is a gamble. He suggests building a cap-weighted portfolio in equities, with a reasonable amount of international exposure in bonds and real estate. "Our target is one-third international and two-thirds U.S.," he said.
Not all the best international plays are overseas. IShares International Preferred Stock ( IPFF ) yields 3.8% by investing nearly 80% of its portfolio in Canadian companies.
Patel says China, India and Southeast Asia, as well as some South American countries, have improved their balance sheets and better balanced their foreign exchange reserves, altering the outlook for their markets.
"That's where the growth is going to come from for at least the next couple of years," she said.
Wolfe says understanding the landscape is key, and a good reason to turn to funds or advisors who are experts in particular regions. In Brazil, the 10-year government bond potentially yields about 4.8% right now. A 10-year bond in Argentina yields around 5.8%.
Those with even higher risk tolerance might look to Argentinian or Brazilian corporations. "That's really where you start to see a lot higher yields, because there is a lot of risk there," he said.
The Fed's rate increases will ultimately improve the situation for U.S. income investors, Wolfe says. And while judicious use of overseas holdings can narrow the gap between the U.S. Treasury return and the total income return goal set by investors, he says, "it is also important to think about whether or not there are strong (U.S.-based) multinational corporations that may also be added to your income."
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe SmallCap Dividend Fund ( DFE ) pays out 2.8%, with small caps in the U.K., Sweden, Italy and Germany accounting for about 60% of its portfolio. Knowing what's going on in the stomarket helps in decIt is also true that the more familiar territory of U.S. bonds and dividend-paying stocks won't generate the kind of returns sought by most income investors - at least not until the Fed cranks rates back up closer to their long-term norms. "For many clients that we deal with, navigating a lower interest rate environment means looking at strategies that diversify the source of your income," said Chris Wolfe, chief investment officer with First Republic Private Wealth Management in San Francisco.
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WisdomTree Europe SmallCap Dividend Fund ( DFE ) pays out 2.8%, with small caps in the U.K., Sweden, Italy and Germany accounting for about 60% of its portfolio. Where To Find Income Without Taking Big Risks Top Dividend Fund Manager Expects Growth In These Three Sectors Does Steady Earnings Growth Lead To Big Dividends? "For many clients that we deal with, navigating a lower interest rate environment means looking at strategies that diversify the source of your income," said Chris Wolfe, chief investment officer with First Republic Private Wealth Management in San Francisco.
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WisdomTree Europe SmallCap Dividend Fund ( DFE ) pays out 2.8%, with small caps in the U.K., Sweden, Italy and Germany accounting for about 60% of its portfolio. Where To Find Income Without Taking Big Risks Top Dividend Fund Manager Expects Growth In These Three Sectors Does Steady Earnings Growth Lead To Big Dividends? Patel, whose firm manages $1.3 billion in assets with an average portfolio of $2.2 million, says overseas economies - particularly developing economies - are playing catch-up to the long, gradual recovery cycle that has played out across the U.S. economy.
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WisdomTree Europe SmallCap Dividend Fund ( DFE ) pays out 2.8%, with small caps in the U.K., Sweden, Italy and Germany accounting for about 60% of its portfolio. But risks between say, stocks in the U.K., where stock index dividends have yielded 3% to 4% over the past 12 months, and U.S. real estate have weak correlation, he says. He suggests building a cap-weighted portfolio in equities, with a reasonable amount of international exposure in bonds and real estate.
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2017-09-05 00:00:00 UTC
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6 ETF Picks for September
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https://www.nasdaq.com/articles/6-etf-picks-september-2017-09-05
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As we exited a lukewarm August and stepped into the final month of Q3, the investing cohort must have shifted its focus to the likely market movement in September. This is especially true given the month's cursed seasonality in the equity market.
September is historically the worst month of the year for stocks. According to moneychimp.com , a consensus carried out from 1950 to 2016 has revealed that September ended up offering positive returns in 29 years and negative returns in 38 years, with an average return of negative 0.67%, which is worse than any month.
Undesirable financial events like the start of the Great Depression in 1929 or the fall of Lehman Brothers in 2008 all crept up in the month of September. Even this September bears the risk of considerable negative changes to the market in case geopolitical tensions between North Korea and the U.S. heighten, and political uncertainty in the United States related to tax reforms and government shutdown escalates.
All these make it more important to pin point ETFs that could safeguard investors from any steep and sudden market swing as well as lead them to some gains.
PowerShares QQQ QQQ">QQQ
September may be ill reputed in terms of stock returns, but this time the month opened up with a deluge of upbeat data points. First, at the end of August, the Commerce Department released Q2 economic growth data of 3% compared with its earlier estimate of 2.6%. This was the best GDP growth since first-quarter 2015 (read: Top ETF Stories of August ).
And at the start of September, data showed that U.S. manufacturing expanded in August at the quickest clip since 2011 . This calls for growth investing. We are thus bullish on Nasdaq-100 ETF QQQ. Nasdaq Composite has already registered the largest weekly gain of the year on signs of economic strength and a bounce in biotech shares.
SPDR S&P Biotech ETF XBI
Biotech ETFs, especially those with a focus on cancer therapy, staged a great show in August in particular on Gilead's GILD buyout announcement of clinical-stage biopharmaceutical company Kite Pharma KITE . Plus, a CAR-T treatment - a type of gene therapy for cancer -has been approved for use in the United States lately. All these developments in the biotech sphere should bode well for the related ETFs (read: Biotech ETFs Soar on Gilead-Kite Deal ).
VanEck Vectors Semiconductor ETF SMH
The usage of cryptocurrencies like bitcoin, Ethereum and Ripple are on a tear. Following its immense price rise, Burger King has also jumped into this area with the launch of its own virtual coin called "WhopperCoin" in Russia (read: Bitcoin ETFs: More Issuers Join the Race ).
Since mining of cryptocurrencies needs the usage of semiconductors, this part of the technology sector should perform well in September. In any case, semiconductor is the value-centric traditional tech area that is likely to have an upper hand in an edgy investing environment. Moreover, the semiconductor space is consolidating rapidly with a number of deals announced lately.
iShares Edge MSCI Multifactor Global ETF ACWF
Since U.S. equities have a record of underperformance in the month, investors can have a look at the global ETF. This way, investors can mitigate certain risks. Notably, the global economy is on an upward trajectory. And the fund looks to track the global developed and emerging market large- and mid-cap stocks chosen on the basis of value, quality, momentum, and low-size scores (read: Global Dividend Payments Upbeat in Q2: ETFs to Benefit ).
WisdomTree Europe Small-Cap Dividend ETF DFE
The Euro zone economic growth has looked up this year. The region grew 0.6% sequentially in Q2 following 0.5% expansion in the previous period. Despite this positive sentiment, a rising euro might be a deterrent. So, we have chosen a small-cap Europe ETF - DFE - which is less susceptible to a rising euro.
Small-caps better reflect the uptick in the domestic economy. And with the benchmark U.S. Treasury yield loitering under 2.2%, it would be intriguing to go for a higher-yielding pick. The fund yields about 2.66% annually.
iShares S&P Moderate Allocation Fund AOM
Finally, we would like to pick a full-fledged defensive ETF like AOM. The fund takes a fund-of-funds approach and is a combination of bonds and global stocks. Equities make up about 45% of the fund followed by 26% government or Treasury bonds. The U.S. accounts for about 62% of the portfolio while Japan (5.7%) and the U.K. (4%) take the next two spots.
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NASDAQ-100 SHRS (QQQ): ETF Research Reports
VANECK-SEMICON (SMH): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
ISHARS-FS GLBL (ACWF): ETF Research Reports
SPDR-SP BIOTECH (XBI): ETF Research Reports
ISHARS-MD AL (AOM): ETF Research Reports
Gilead Sciences, Inc. (GILD): Free Stock Analysis Report
Kite Pharma, Inc. (KITE): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe Small-Cap Dividend ETF DFE The Euro zone economic growth has looked up this year. So, we have chosen a small-cap Europe ETF - DFE - which is less susceptible to a rising euro. Click to get this free report NASDAQ-100 SHRS (QQQ): ETF Research Reports VANECK-SEMICON (SMH): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-FS GLBL (ACWF): ETF Research Reports SPDR-SP BIOTECH (XBI): ETF Research Reports ISHARS-MD AL (AOM): ETF Research Reports Gilead Sciences, Inc. (GILD): Free Stock Analysis Report Kite Pharma, Inc. (KITE): Free Stock Analysis Report To read this article on Zacks.com click here.
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WisdomTree Europe Small-Cap Dividend ETF DFE The Euro zone economic growth has looked up this year. Click to get this free report NASDAQ-100 SHRS (QQQ): ETF Research Reports VANECK-SEMICON (SMH): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-FS GLBL (ACWF): ETF Research Reports SPDR-SP BIOTECH (XBI): ETF Research Reports ISHARS-MD AL (AOM): ETF Research Reports Gilead Sciences, Inc. (GILD): Free Stock Analysis Report Kite Pharma, Inc. (KITE): Free Stock Analysis Report To read this article on Zacks.com click here. So, we have chosen a small-cap Europe ETF - DFE - which is less susceptible to a rising euro.
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Click to get this free report NASDAQ-100 SHRS (QQQ): ETF Research Reports VANECK-SEMICON (SMH): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-FS GLBL (ACWF): ETF Research Reports SPDR-SP BIOTECH (XBI): ETF Research Reports ISHARS-MD AL (AOM): ETF Research Reports Gilead Sciences, Inc. (GILD): Free Stock Analysis Report Kite Pharma, Inc. (KITE): Free Stock Analysis Report To read this article on Zacks.com click here. WisdomTree Europe Small-Cap Dividend ETF DFE The Euro zone economic growth has looked up this year. So, we have chosen a small-cap Europe ETF - DFE - which is less susceptible to a rising euro.
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WisdomTree Europe Small-Cap Dividend ETF DFE The Euro zone economic growth has looked up this year. So, we have chosen a small-cap Europe ETF - DFE - which is less susceptible to a rising euro. Click to get this free report NASDAQ-100 SHRS (QQQ): ETF Research Reports VANECK-SEMICON (SMH): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-FS GLBL (ACWF): ETF Research Reports SPDR-SP BIOTECH (XBI): ETF Research Reports ISHARS-MD AL (AOM): ETF Research Reports Gilead Sciences, Inc. (GILD): Free Stock Analysis Report Kite Pharma, Inc. (KITE): Free Stock Analysis Report To read this article on Zacks.com click here.
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2017-07-24 00:00:00 UTC
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Retail Slips, But These 2 Sectors Gain; 2 Top Funds Near Buy Point
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https://www.nasdaq.com/articles/retail-slips-these-2-sectors-gain-2-top-funds-near-buy-point-2017-07-24
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Smart beta (or strategic beta) funds, which use alternative methods to track a market index, remain popular in the U.S. ETF marketplace.
Such ETFs seek to provide bigger returns by choosing stocks based on factors such as dividend, volatility and size, but often carry bigger expense ratios than their traditional passive counterparts.
[ibd-display-video id=2057834 width=50 float=left autostart=true]Two smart beta funds trading near potential buy points are both Europe-focused: First Trust Europe AlphaDEX ( FEP ) and WisdomTree Europe Small Cap Dividend ( DFE ).
FEP is just below a 36.03 flat-base buy point after spending Wednesday and Thursday above the entry. It also remains in buy range from a recent bounce off the 50-day moving average , at about 2.5% above the support line.
The $488.2 million fund was roughly 20% invested in the U.K., 18% in France and 15% in Germany, as of July 20. Sweden, Switzerland and Spain made up 6% to 9% each. The top two holdings were airline stocks: Germany's Deutsche Lufthansa and Britain's easyJet.
[ibdchart symbol="FEP" type="daily" size="threequarter" position="leftchart" /]
FEP logged a one-month gain of 4.3%, bringing its year-to-date return through July 18 to 24.7%, according to Morningstar Inc. That's more than double the S&P 500's 11.1% advance for the year. Its three-year average return lags the benchmark index at 4.3% vs. 9.8%. FEP's expense ratio is 0.80%.
DFE is near a 66.98 buy point of a flat base . The fund, launched in June 2006, has attracted $960.9 million. It sports a 22.7% return for the year and 2.2% for the month. A 7.3% three-year return slightly underperforms the S&P 500.
[ibdchart symbol="DFE" type="daily" size="threequarter" position="leftchart" /]
Its biggest country weighting was also the U.K., at about 26%, followed by Sweden at 13%, Italy at 11% and Germany at 9.5%. DFE's top holdings included Germany's Aurelius Equity Opportunities, the U.K.'s TalkTalk Telecom Group and GAM Holding, a Switzerland-based asset management group.
DFE has a 0.58% expense ratio.
Thursday's ETF picks both pulled back with the market on Friday. First Trust Dorsey Wright Focus 5 ( FV ) slipped just below a 25.59 flat-base buy point; iShares S&P Mid-Cap 400 Growth ( IJK ) is now slightly below a 200.33 flat-base entry.
PowerShares QQQ Trust ( QQQ ) led key U.S. index funds Monday with a 0.2% gain, while SPDR S&P 500 (SPY) and SPDR Dow Jones Industrial Average (DIA) dipped 0.1% and 0.2%, respectively.
Financials led the upside among sector plays with SPDR S&P Regional Banking (KRE) and SPDR S&P Banking (KBE) gaining nearly 1% apiece. Biotech
Oil funds were mixed; West Texas intermediate crude prices rose 1.2% to $46.32 a barrel. United States Oil (USO) surged 1.7% and PowerShares DB Oil (DBO) 1.3%. But VanEck Vectors Oil Services (OIH) slid 1%.
Gold ETFs were also mixed. SPDR Gold Trust (GLD) and iShares Gold Trust (IAU) were roughly flat, while VanEck Vectors Junior Gold Miners (GDXJ) and VanEck Vectors Gold Miners (GDX) fell a respective 1.7% and 1.4%. Gold futures climbed 0.8% to $1,255.00 an ounce.
Retail and utilities lagged. SPDR S&P Retail (XRT) fell more than 1%; Utilities Select Sector SPDR (XLU) dropped nearly 1%.
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Find out what's going on in the stock market today .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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[ibdchart symbol="DFE" type="daily" size="threequarter" position="leftchart" /] Its biggest country weighting was also the U.K., at about 26%, followed by Sweden at 13%, Italy at 11% and Germany at 9.5%. [ibd-display-video id=2057834 width=50 float=left autostart=true]Two smart beta funds trading near potential buy points are both Europe-focused: First Trust Europe AlphaDEX ( FEP ) and WisdomTree Europe Small Cap Dividend ( DFE ). DFE is near a 66.98 buy point of a flat base .
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[ibd-display-video id=2057834 width=50 float=left autostart=true]Two smart beta funds trading near potential buy points are both Europe-focused: First Trust Europe AlphaDEX ( FEP ) and WisdomTree Europe Small Cap Dividend ( DFE ). DFE is near a 66.98 buy point of a flat base . [ibdchart symbol="DFE" type="daily" size="threequarter" position="leftchart" /] Its biggest country weighting was also the U.K., at about 26%, followed by Sweden at 13%, Italy at 11% and Germany at 9.5%.
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[ibd-display-video id=2057834 width=50 float=left autostart=true]Two smart beta funds trading near potential buy points are both Europe-focused: First Trust Europe AlphaDEX ( FEP ) and WisdomTree Europe Small Cap Dividend ( DFE ). DFE is near a 66.98 buy point of a flat base . [ibdchart symbol="DFE" type="daily" size="threequarter" position="leftchart" /] Its biggest country weighting was also the U.K., at about 26%, followed by Sweden at 13%, Italy at 11% and Germany at 9.5%.
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[ibd-display-video id=2057834 width=50 float=left autostart=true]Two smart beta funds trading near potential buy points are both Europe-focused: First Trust Europe AlphaDEX ( FEP ) and WisdomTree Europe Small Cap Dividend ( DFE ). DFE is near a 66.98 buy point of a flat base . [ibdchart symbol="DFE" type="daily" size="threequarter" position="leftchart" /] Its biggest country weighting was also the U.K., at about 26%, followed by Sweden at 13%, Italy at 11% and Germany at 9.5%.
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728716.0
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2017-07-19 00:00:00 UTC
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ECB to Wind Up QE Soon? ETFs in Focus
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DFE
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https://www.nasdaq.com/articles/ecb-wind-qe-soon-etfs-focus-2017-07-19
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The markets are abuzz with talks of the European Central Bank's (ECB) possible announcement of QE wind down as soon as in early September. The European Central Bank president Mario Draghi is likely to give a speech at the Federal Reserve's Jackson Hole conference in August for the first time in three years .
In late June, Mario Draghi said that the ECB could modify its sub-zero interest rates and huge bond purchase program since the economy is on the mend. Lower inflation issues are being viewed as short-lived by Draghi, as per an article published on MarketWatch. Investors then took these as signals of a shift from the ECB's ultra-easy monetary policy. However, any modification in the ECB's policy are likely to be gradual .
The ECB launched an asset buying program at the start of 2015 and extended the program by six more months to March 2017 at the end of the year. Then the bank announced in December 2016 that it would lower its bond buying program to 60 billion euros a month from 80 billion from April, but extended the program to December 2017, or beyond, should there be any necessity (read: ECB Trims But Extends QE: ETF Winners & Losers ).
And now with the economy gaining ground, the ECB is mulling over a gradual retreat from the move. In its June 2017 meeting, the ECB upped the euro area economic growth forecast from 2017 to 2019, and hinted that risks within the region are now " broadly balanced ." The bank now expects the underlying inflation to rise moderately over the medium term (read: Currency Hedged Europe ETFs to Buy on ECB Meet ).
Chances of QE Taper
A little over 25% of the economists said the ECB will not announce any shift to its policy in September. Almost the same portion sees an extension to its quantitative easing program beyond December, but with a decline in the amount of monthly asset purchases, as per an article published on Reuters . However, everything depends on economic data points. Amid QE taper speculation, Germany's benchmark 10-year bond yield were on an uptrend in recent times.
However, there are certain factors which may keep the ECB from being too hawkish. Consumer prices in the euro area grew 1.3% year over year in June 2017, lower than a 1.4% rise in May. It is the lowest inflation rate this year, thanks to a slowdown in energy prices.
With oil prices showing no signs of improvement in the near term, inflation is likely to be murky ahead. In the June meeting, the bank lowered its inflation projection. So, the ECB may opt for slowing QE taper and a rock bottom-interest rate environment.
As per an article published on Morningstar , "one reason to end QE soon is that the ECB is expected to struggle to find enough bonds to buy later next year….. the ECB to purchase only up to 33% of any Eurozone government's debt, could prove legally and politically tricky…..economists also worry increasingly about a build-up of financial risk after years of ultra-low interest rates."
ETFs to Play if the ECB Tapers Soon
CurrencyShares Euro ETF FXE
A strengthening economy and QE taper should boost the euro, making FXE an intriguing pick (read: Why & How to Trade the Soaring Euro with ETFs ).
SPDR S&P International Financial Sector ETF IPF
As financial stocks perform better in a rising rate environment, the sector benefited from the central bank's hawkish tone. The fund IPF puts about half of its weight in Europe. Bank stocks account for about 60%, followed by insurance stocks (see all financial ETFs here).
iShares MSCI Europe Financials ETF EUFN
EUFN focuses on giving exposure to the financial sector in Europe. From a geographical perspective, it has high exposure to the U.K., France and Switzerland.
WisdomTree Europe SmallCap Dividend Fund DFE
Since small-cap stocks better reflect the domestic economy and are not hurt by negative currency translation like large cap stocks are, DFE could emerge as a solid pick. The fund yields about 2.77% annually (read: What Makes These Europe ETFs Still Roaring ).
iShares MSCI Europe Minimum Volatility ETFEUMV
Now, QE taper can trigger a taper tantrum like what we saw in the U.S. in 2013. Thus, investors may tap EUMV to wait out the volatility.
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CRYSHS-EURO TR (FXE): ETF Research Reports
ISHARS-MS EU FN (EUFN): ETF Research Reports
ISHARS-MS EU MV (EUMV): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
SPDR-SP I FINL (IPF): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe SmallCap Dividend Fund DFE Since small-cap stocks better reflect the domestic economy and are not hurt by negative currency translation like large cap stocks are, DFE could emerge as a solid pick. Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports ISHARS-MS EU FN (EUFN): ETF Research Reports ISHARS-MS EU MV (EUMV): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports SPDR-SP I FINL (IPF): ETF Research Reports To read this article on Zacks.com click here. The European Central Bank president Mario Draghi is likely to give a speech at the Federal Reserve's Jackson Hole conference in August for the first time in three years .
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Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports ISHARS-MS EU FN (EUFN): ETF Research Reports ISHARS-MS EU MV (EUMV): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports SPDR-SP I FINL (IPF): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Europe SmallCap Dividend Fund DFE Since small-cap stocks better reflect the domestic economy and are not hurt by negative currency translation like large cap stocks are, DFE could emerge as a solid pick. ETFs to Play if the ECB Tapers Soon CurrencyShares Euro ETF FXE A strengthening economy and QE taper should boost the euro, making FXE an intriguing pick (read: Why & How to Trade the Soaring Euro with ETFs ).
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Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports ISHARS-MS EU FN (EUFN): ETF Research Reports ISHARS-MS EU MV (EUMV): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports SPDR-SP I FINL (IPF): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Europe SmallCap Dividend Fund DFE Since small-cap stocks better reflect the domestic economy and are not hurt by negative currency translation like large cap stocks are, DFE could emerge as a solid pick. Then the bank announced in December 2016 that it would lower its bond buying program to 60 billion euros a month from 80 billion from April, but extended the program to December 2017, or beyond, should there be any necessity (read: ECB Trims But Extends QE: ETF Winners & Losers ).
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WisdomTree Europe SmallCap Dividend Fund DFE Since small-cap stocks better reflect the domestic economy and are not hurt by negative currency translation like large cap stocks are, DFE could emerge as a solid pick. Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports ISHARS-MS EU FN (EUFN): ETF Research Reports ISHARS-MS EU MV (EUMV): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports SPDR-SP I FINL (IPF): ETF Research Reports To read this article on Zacks.com click here. Chances of QE Taper A little over 25% of the economists said the ECB will not announce any shift to its policy in September.
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36daec9a-7f67-433d-bb3c-ce43c8929aab
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728717.0
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2017-07-14 00:00:00 UTC
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Look Outside The U.S. For Top Dividend Funds So Far This Year
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https://www.nasdaq.com/articles/look-outside-us-top-dividend-funds-so-far-year-2017-07-14
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Dividend funds haven't fared all too well the past month, but many have outperformed the broader market this year.
Those showing some of the biggest gains are outside the U.S., as shown in the accompanying chart. In fact, the top nine ETFs track non-U.S. markets. The first U.S. play, WisdomTree U.S. Quality Dividend Growth ( DGRW ) comes in 10th.
[ibd-display-video id=2029744 width=50 float=left autostart=true]Topping the list for year-to-date returns through July 11 is WisdomTree Europe SmallCap Dividend ( DFE ), which is shaping a flat base with a potential buy point at 66.98. The $935.1 million fund invests in dividend-paying small-cap companies primarily in developed European countries.
As of July 13, the U.K. accounted for the biggest weighting, at 27% of assets, according to Morningstar Inc. London-based telecom services provider TalkTalk Telecom Group, private equity firm Aurelius Equity Opportunities (Germany) and IT services provider Tieto (Finland) were among its top holdings.
[ibdchart symbol="DFE" type="daily" size="threequarter" position="leftchart" /]
DFE has outperformed the MSCI ACWI Ex USA Index year to date, as well as based on three, five and 10-year average annual returns. It offers an annualized yield of 2.8% vs. the S&P 500's average 1.9% payout. The expense ratio is 0.58%.
Up next is iShares Emerging Markets Dividend ( DVYE ). The $321.7 million fund, which tracks the Dow Jones Emerging Markets Select Dividend Index, is near a 41.40 flat-base entry.
Taiwan accounted for its biggest sector weighting, 26%, followed by 14% in China and 11% each in Russian Federation and Thailand. Brazil and South Africa made up about 9% and 6%, respectively.
DVYE has outpaced MSCI ACWI Ex USA for the YTD and one-year periods, but has lagged over the three- and five-year periods. Its dividend yield is 3.6% and it carries a 0.49% expense ratio.
The first non-Europe or emerging markets play is WisdomTree Japan SmallCap Dividend ( DFJ ), in fifth place. The $494.9 million fund has regained its 50-day moving average as it builds a flat base with a 71.78 buy point .
[ibdchart symbol="DVYE" type="daily" size="threequarter" position="leftchart" /]
Biggest sector weightings as of July 13 were industrials, 24%, consumer cyclical 23% and basic materials 13%. Top holdings included Sankyo, a maker of pachinko gambling devices, financial services provider SBI Holdings and Yokohama Rubber.
It's underperformed MSCI ACWI Ex USA with a 14.2% YTD gain vs. the index's 16.1% return. But DFJ has beaten the index over the one, three, five and 10-year periods. It yields 1.8%; the expense ratio is 0.58%.
RELATED:
Can The Bull Keep Running In The Second Half? Experts Weigh In
Here Are 4 Big Caps That Raise Their Dividend Every Year, And Are Beating The S&P 500
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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[ibd-display-video id=2029744 width=50 float=left autostart=true]Topping the list for year-to-date returns through July 11 is WisdomTree Europe SmallCap Dividend ( DFE ), which is shaping a flat base with a potential buy point at 66.98. [ibdchart symbol="DFE" type="daily" size="threequarter" position="leftchart" /] DFE has outperformed the MSCI ACWI Ex USA Index year to date, as well as based on three, five and 10-year average annual returns. The $321.7 million fund, which tracks the Dow Jones Emerging Markets Select Dividend Index, is near a 41.40 flat-base entry.
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[ibdchart symbol="DFE" type="daily" size="threequarter" position="leftchart" /] DFE has outperformed the MSCI ACWI Ex USA Index year to date, as well as based on three, five and 10-year average annual returns. [ibd-display-video id=2029744 width=50 float=left autostart=true]Topping the list for year-to-date returns through July 11 is WisdomTree Europe SmallCap Dividend ( DFE ), which is shaping a flat base with a potential buy point at 66.98. The first non-Europe or emerging markets play is WisdomTree Japan SmallCap Dividend ( DFJ ), in fifth place.
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[ibd-display-video id=2029744 width=50 float=left autostart=true]Topping the list for year-to-date returns through July 11 is WisdomTree Europe SmallCap Dividend ( DFE ), which is shaping a flat base with a potential buy point at 66.98. [ibdchart symbol="DFE" type="daily" size="threequarter" position="leftchart" /] DFE has outperformed the MSCI ACWI Ex USA Index year to date, as well as based on three, five and 10-year average annual returns. As of July 13, the U.K. accounted for the biggest weighting, at 27% of assets, according to Morningstar Inc. London-based telecom services provider TalkTalk Telecom Group, private equity firm Aurelius Equity Opportunities (Germany) and IT services provider Tieto (Finland) were among its top holdings.
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[ibdchart symbol="DFE" type="daily" size="threequarter" position="leftchart" /] DFE has outperformed the MSCI ACWI Ex USA Index year to date, as well as based on three, five and 10-year average annual returns. [ibd-display-video id=2029744 width=50 float=left autostart=true]Topping the list for year-to-date returns through July 11 is WisdomTree Europe SmallCap Dividend ( DFE ), which is shaping a flat base with a potential buy point at 66.98. Up next is iShares Emerging Markets Dividend ( DVYE ).
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0616a0ac-cf7b-4b19-9a17-a29cd249b539
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728718.0
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2017-07-10 00:00:00 UTC
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3 Dividend ETFs to Score Big With European Stocks
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https://www.nasdaq.com/articles/3-dividend-etfs-to-score-big-with-european-stocks
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In search of value, investors are funneling billions of dollars into exchange-traded funds (ETFs) dedicated to European stocks this year. That faith is being rewarded. The Euro STOXX 50 Index, one of the most widely followed gauges of European equities, is up 17.4% year-to-date compared to a 9.6% gain for the S&P 500 index.
Source: Shutterstock
Income investors can get in on the Europe ETF party with an array of dividend ETFs. In fact, some of the Europe-focused ETFs are outperforming counterparts that are not dedicated dividend ETFs.
As is often noted, there are some credible dividend markets outside the U.S., many of which are home to stocks that feature juicier yields than their U.S. peers .
In fact, Europe is home to some of the best dividend growth markets outside the U.S., including the U.K. and Switzerland. Additionally, as Eurozone economies improve, markets such as Germany and the Netherlands could reward dividend investors.
10 Stocks That Will Rocket Higher on Short Squeeze Power
Consider the following dividend ETFs if you're looking to get paid to invest in Europe.
Dividend ETFs to Buy: WisdomTree Europe SmallCap Dividend Fund (DFE)
Expense Ratio: 0.58% per year, or $58 annually on a $10,000 investment
For the investor that wants small-cap exposure without the frustration of dealing with lagging U.S. smaller stocks, the WisdomTree Europe SmallCap Dividend Fund (NYSEARCA: DFE ) is an ideal destination. Quite simply, DFE is thumping in U.S. small-caps this year. The Russell 2000 Index and the S&P SmallCap 600 Index are up an average of 2% year-to-date, while DFE is higher by 19.5%.
Add to that, the WisdomTree ETF has been about 300 basis points less volatile than competing U.S. small-cap indexes and trades at more compelling valuations. Furthermore, DFE's underlying index has a trailing 12-month dividend yield of 3.6%, which is about triple what investors will find on the Russell 2000. And do not worry about volatility with DFE, as the ETF has been comparably volatile to the Russell 2000 over the last three years.
Industrial, consumer discretionary and financial services stocks combine for almost 58% of DFE's weight. At the country level, the U.K. and Sweden loom large, combining for about 39% of this dividend ETF's weight.
Dividend ETFs to Buy: O'Shares FTSE Europe Quality Dividend ETF (OEUR)
Expense Ratio: 0.58%
Among Europe ETFs, the O'Shares FTSE Europe Quality Dividend ETF (NYSEARCA: OEUR ) is unheralded, which is likely due to the fact that this fund is still a few weeks shy of its second birthday. Still, this dividend ETF is benefiting from the resurgence in European stocks as highlighted by its $65.1 million in assets under management, $24.5 million of which has flowed into the fund this year.
This dividend ETF tracks the FTSE Developed Europe Qual/Vol/Yield Factor 5% Capped Index. While that is a mouthful, the objective is rather simple. The index's "high quality and low volatility requirements are designed to reduce exposure to high dividend equities that have experienced large price declines, as may occur with some dividend investing strategies," according to O'Shares .
7 Stocks to Buy in July
This Europe ETF is a large-cap fund as highlighted by an average market value of $23.6 billion and a weighted average market value of $72.8 billion for its holdings. Familiar names found in this dividend ETF include Nestle SA (ADR) (OTCMKTS: NSRGY ), Novartis AG (ADR) (NYSE: NVS ) and Sanofi SA (ADR) (NYSE: SNY ).
Dividend ETFs to Buy: ProShares MSCI Europe Dividend Growers ETF (EUDV)
Expense Ratio: 0.55%
The ProShares MSCI Europe Dividend Growers ETF (BATS: EUDV ) follows a methodology that is common with some popular U.S. dividend ETFs, that being an emphasis on dividend increase streaks. In the case of EUDV, this Europe ETF pulls stocks from the MSCI Europe Index that have boosted dividends for at least 10 consecutive years.
Compared to the other ETFs mentioned here, EUDV is a highly concentrated fund with just 45 holdings. This Europe ETF is also concentrated at the geographic level as the U.K. accounts for over 44% of the ETF's weight, more than triple the weight assigned to Switzerland, the fund's second-largest country allocation.
Although three countries and just four sectors (industrials, healthcare, consumer staples and consumer discretionary) dominate EUDV, this Europe ETF is equally weighted, a methodology that helps reduce single stock risk. EUDV is up more than 14% this year, making it one of the better-performing Europe dividend ETFs.
As of this writing, Todd Shriber does not own any of the aforementioned securities.
The post 3 Dividend ETFs to Score Big With European Stocks appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dividend ETFs to Buy: WisdomTree Europe SmallCap Dividend Fund (DFE) Expense Ratio: 0.58% per year, or $58 annually on a $10,000 investment For the investor that wants small-cap exposure without the frustration of dealing with lagging U.S. smaller stocks, the WisdomTree Europe SmallCap Dividend Fund (NYSEARCA: DFE ) is an ideal destination. Quite simply, DFE is thumping in U.S. small-caps this year. The Russell 2000 Index and the S&P SmallCap 600 Index are up an average of 2% year-to-date, while DFE is higher by 19.5%.
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Dividend ETFs to Buy: WisdomTree Europe SmallCap Dividend Fund (DFE) Expense Ratio: 0.58% per year, or $58 annually on a $10,000 investment For the investor that wants small-cap exposure without the frustration of dealing with lagging U.S. smaller stocks, the WisdomTree Europe SmallCap Dividend Fund (NYSEARCA: DFE ) is an ideal destination. Quite simply, DFE is thumping in U.S. small-caps this year. The Russell 2000 Index and the S&P SmallCap 600 Index are up an average of 2% year-to-date, while DFE is higher by 19.5%.
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Dividend ETFs to Buy: WisdomTree Europe SmallCap Dividend Fund (DFE) Expense Ratio: 0.58% per year, or $58 annually on a $10,000 investment For the investor that wants small-cap exposure without the frustration of dealing with lagging U.S. smaller stocks, the WisdomTree Europe SmallCap Dividend Fund (NYSEARCA: DFE ) is an ideal destination. Quite simply, DFE is thumping in U.S. small-caps this year. The Russell 2000 Index and the S&P SmallCap 600 Index are up an average of 2% year-to-date, while DFE is higher by 19.5%.
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The Russell 2000 Index and the S&P SmallCap 600 Index are up an average of 2% year-to-date, while DFE is higher by 19.5%. And do not worry about volatility with DFE, as the ETF has been comparably volatile to the Russell 2000 over the last three years. Dividend ETFs to Buy: WisdomTree Europe SmallCap Dividend Fund (DFE) Expense Ratio: 0.58% per year, or $58 annually on a $10,000 investment For the investor that wants small-cap exposure without the frustration of dealing with lagging U.S. smaller stocks, the WisdomTree Europe SmallCap Dividend Fund (NYSEARCA: DFE ) is an ideal destination.
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9b54e1f6-c3ca-4e47-be6c-ccb3171c2517
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728719.0
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2017-05-22 00:00:00 UTC
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What Makes These Europe ETFs Still Roaring
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https://www.nasdaq.com/articles/what-makes-these-europe-etfs-still-roaring-2017-05-22
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The Eurozone saw a strong start to the year thanks to economic improvement and upbeat corporate earnings. The economy grew 0.5% sequentially in Q1 of 2017, meeting market expectations . The region also expanded faster than the U.S. in 2016 for the first time since 2008.
As per the EU Economic and Financial Affairs Commissioner , GDP growth expectations for the 19-country bloc for 2017 ticked up to 1.7%, up from 1.6% forecast earlier. The growth forecast for 2018 was kept the same at 1.8%.
In early May, Reuters noted that about a third of the MSCI Europe companies came up with its first-quarter results, wherein corporate profit growth in the region was almost as healthy as that of the U.S. The net earnings beat ratio was 23% in early May, which makes 1Q17 "the best quarter in a decade." The extent of revenue beat was "the strongest ever on 14 years of data."
If this was not enough, Eurozone's second largest economy - France - chose Centrist and business-friendly candidate Emmanuel Macron as its president in a run-off election in early May. With this, France followed the footsteps of the Dutch election and discarded populism. All these checked the growing upheaval in the European politics to a large extent (read: French Election Soothes Sentiments: ETFs Likely to Benefit ).
Soaring Returns & Assets
The net result is Vanguard FTSE Europe ETF 's VGK 17.2% year-to-date returns, and iShares MSCI Eurozone 's EZU 19.1% year-to-date returns, against SPDR S&P 500 ETF Trust 's SPY 6.6% gains realized so far this year (as of May 19, 2017) (read: Do Europe ETFs Have More Upside? ).
As per Bloomberg , assets invested in the $2.2 billion iShares Core MSCI Europe ETFIEUR have surged 155% since December 2017. VGK saw asset growth of 14% during the same timeframe. As per Financial Times , Europe's mutual funds saw a net €210 billion in investment in the first three months of this year, marking the highest quarterly inflows in five years.
Europe ETFs to Play
The European Commission also indicated that growth in Germany, the bloc's largest economy, will rise to 1.9% in 2018, and Spain and Portugal will also grow faster than earlier expected. This GDP growth trend is palpable in the Q1 scorecard.
On the basis of the growth trend and valuations of funds, below we highlight a few Europe ETFs that could turn out to be solid picks. These funds have a lower P/E than the S&P 500-based ETF SPY's (the gauge of the U.S. equity market) P/E of 18.18 times.
Wisdomtree Europe SmallCap Dividend Fund DFE - P/E 13.59x
Since small-cap stocks reflect more of the domestic economy, a pickup in the major Eurozone countries should favor this ETF. DFE yields about 3.44% annually, which makes it a compelling bet in a region where a low rate environment is prevailing.
SPDR MSCI Spain StrategicFactors ETF QESP - P/E 14.51x
Economic development has been pretty upbeat in Spain lately. The economy grew 0.8% in Q1 sequentially, after 0.7% growth in the prior period and beating market expectations of 0.7%. The fund yields about 3.14% annually (read: 5 Best ETF Areas of March ).
Global X MSCI Portugal ETF PGAL - 16.98x
The Portuguese economy grew 1% sequentially in Q1 of 2017. This marked the fastest growth since Q1 of 2010 and followed an upwardly revised 0.7% growth in the prior period.
First Trust STOXX European Select Dividend Index Fund FDD - 14.46x
This ETF follows the STOXX Europe 600 Index which focuses on high-yielding European securities. Stocks from the U.K., France and Switzerland account for about two-third of total assets. The fund yields about 4.37% annually (read: Don't Sell, Buy 4 High Dividend ETFs Under $20 in May ).
iShares MSCI Italy Capped ETF EWI - 16.03x
Italian stocks have been one of the best performers in recent sessions. Though the economy is struggling, its beleaguered banking sector seems to have improved. The recovering Eurozone overall is also benefiting Italian assets, as per analysts .
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SPDR-SP 500 TR (SPY): ETF Research Reports
ISHARS-EMU IDX (EZU): ETF Research Reports
ISHARS-ITALY (EWI): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
VANGD-FTSE EUR (VGK): ETF Research Reports
ISHRS-MSCI EUR (IEUR): ETF Research Reports
FT-STX EURO SEL (FDD): ETF Research Reports
SPDR-MSCI SSF (QESP): ETF Research Reports
GLBL-XF PORTG20 (PGAL): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Wisdomtree Europe SmallCap Dividend Fund DFE - P/E 13.59x Since small-cap stocks reflect more of the domestic economy, a pickup in the major Eurozone countries should favor this ETF. DFE yields about 3.44% annually, which makes it a compelling bet in a region where a low rate environment is prevailing. Click to get this free report SPDR-SP 500 TR (SPY): ETF Research Reports ISHARS-EMU IDX (EZU): ETF Research Reports ISHARS-ITALY (EWI): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports ISHRS-MSCI EUR (IEUR): ETF Research Reports FT-STX EURO SEL (FDD): ETF Research Reports SPDR-MSCI SSF (QESP): ETF Research Reports GLBL-XF PORTG20 (PGAL): ETF Research Reports To read this article on Zacks.com click here.
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Click to get this free report SPDR-SP 500 TR (SPY): ETF Research Reports ISHARS-EMU IDX (EZU): ETF Research Reports ISHARS-ITALY (EWI): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports ISHRS-MSCI EUR (IEUR): ETF Research Reports FT-STX EURO SEL (FDD): ETF Research Reports SPDR-MSCI SSF (QESP): ETF Research Reports GLBL-XF PORTG20 (PGAL): ETF Research Reports To read this article on Zacks.com click here. Wisdomtree Europe SmallCap Dividend Fund DFE - P/E 13.59x Since small-cap stocks reflect more of the domestic economy, a pickup in the major Eurozone countries should favor this ETF. DFE yields about 3.44% annually, which makes it a compelling bet in a region where a low rate environment is prevailing.
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Click to get this free report SPDR-SP 500 TR (SPY): ETF Research Reports ISHARS-EMU IDX (EZU): ETF Research Reports ISHARS-ITALY (EWI): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports ISHRS-MSCI EUR (IEUR): ETF Research Reports FT-STX EURO SEL (FDD): ETF Research Reports SPDR-MSCI SSF (QESP): ETF Research Reports GLBL-XF PORTG20 (PGAL): ETF Research Reports To read this article on Zacks.com click here. Wisdomtree Europe SmallCap Dividend Fund DFE - P/E 13.59x Since small-cap stocks reflect more of the domestic economy, a pickup in the major Eurozone countries should favor this ETF. DFE yields about 3.44% annually, which makes it a compelling bet in a region where a low rate environment is prevailing.
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Wisdomtree Europe SmallCap Dividend Fund DFE - P/E 13.59x Since small-cap stocks reflect more of the domestic economy, a pickup in the major Eurozone countries should favor this ETF. DFE yields about 3.44% annually, which makes it a compelling bet in a region where a low rate environment is prevailing. Click to get this free report SPDR-SP 500 TR (SPY): ETF Research Reports ISHARS-EMU IDX (EZU): ETF Research Reports ISHARS-ITALY (EWI): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports ISHRS-MSCI EUR (IEUR): ETF Research Reports FT-STX EURO SEL (FDD): ETF Research Reports SPDR-MSCI SSF (QESP): ETF Research Reports GLBL-XF PORTG20 (PGAL): ETF Research Reports To read this article on Zacks.com click here.
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2017-05-17 00:00:00 UTC
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WisdomTree Europe SmallCap Dividend Fund (DFE) Hits 52-Week High
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DFE
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https://www.nasdaq.com/articles/wisdomtree-europe-smallcap-dividend-fund-dfe-hits-52-week-high-2017-05-17
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nan
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nan
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For investors seeking momentum, WisdomTree Europe SmallCap Dividend FundDFE is probably on the radar now. The fund just hit a 52-week high of $65.38. Shares of DFE are up roughly 37.9% from their 52-week low price of $47.40/share.
But could more gains be ahead for this ETF? Let's take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed:
DFE in Focus
The fund looks to track the performance of the WisdomTree Europe SmallCap Dividend Index. The fund is heavy on the by U.K. (24.65%), followed by Sweden (14.48%) and Italy (13.40%). The fund charges 58 bps in total fees (see all European Equity ETFs here).
Why the Move?
The GDP growth rate in the Euro zone economy was 0.5% in the first quarter of 2017. Investor sentiments are pretty strong about the bloc, helping European stocks outperform in recent sessions. Moreover, since small-cap stocks reflect more of a domestic economy, a pickup in the Euro zone economy has all the reasons to spell good for this ETF.
More Gains Ahead?
The fund has a positive weighted alpha of 22.70 . This positive weighted alpha indicates that there is definitely still some promise for investors who want to ride on this surging ETF.
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Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
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WISDMTR-EU SC D (DFE): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For investors seeking momentum, WisdomTree Europe SmallCap Dividend FundDFE is probably on the radar now. Shares of DFE are up roughly 37.9% from their 52-week low price of $47.40/share. Let's take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed: DFE in Focus The fund looks to track the performance of the WisdomTree Europe SmallCap Dividend Index.
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Let's take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed: DFE in Focus The fund looks to track the performance of the WisdomTree Europe SmallCap Dividend Index. For investors seeking momentum, WisdomTree Europe SmallCap Dividend FundDFE is probably on the radar now. Shares of DFE are up roughly 37.9% from their 52-week low price of $47.40/share.
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Let's take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed: DFE in Focus The fund looks to track the performance of the WisdomTree Europe SmallCap Dividend Index. Click to get this free report WISDMTR-EU SC D (DFE): ETF Research Reports To read this article on Zacks.com click here. For investors seeking momentum, WisdomTree Europe SmallCap Dividend FundDFE is probably on the radar now.
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Click to get this free report WISDMTR-EU SC D (DFE): ETF Research Reports To read this article on Zacks.com click here. For investors seeking momentum, WisdomTree Europe SmallCap Dividend FundDFE is probably on the radar now. Shares of DFE are up roughly 37.9% from their 52-week low price of $47.40/share.
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d28d9938-344d-4270-a760-ffd5a42a0aa7
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728721.0
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2017-05-04 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Direxion Daily FTSE Europe Bull 3X ETF, WisdomTree Europe SmallCap Dividend ETF, Shares MSCI Europe Small-Cap, Wisdomtree Europe Hedged Small Cap Equity ETF and Europe Alphadex Fund FT
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DFE
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-direxion-daily-ftse-europe-bull-3x-etf-wisdomtree
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nan
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nan
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For Immediate Release
Chicago, IL - May 04, 2017 - 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 Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA: EURL-Free Report ), WisdomTree Europe SmallCap Dividend ETF (NYSEARCA: DFE-Free Report ), Shares MSCI Europe Small-Cap (NASDAQ: IEUS-Free Report ), Wisdomtree Europe Hedged Small Cap Equity ETF (NYSEARCA: EUSC-Free Report ) and Europe Alphadex Fund FT (NASDAQ: FEP-Free Report ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday's Analyst Blog:
Do European ETFs Have More Upside?
The Euro zone saw a strong start to the year thanks to economic improvement, rising inflation and the end of earnings recession. The Eurozone economy grew 0.4% sequentially in Q4 of 2016, in line with market expectations . As per Financial Times , Europe's mutual funds saw a net €210 billion in investment in the first three months of the year, marking the highest quarterly inflows in five years.
Broader Europe ETF Vanguard FTSE Europe ETF is up over 13% so far this year while Euro zone ETF iShares MSCI Eurozone has gained about 15% in the year-to-date frame (as of May 2, 2017). FI Enhanced Europe 50 ETN has added over 25% this year. These were in contrast to 6.8% year-to-date gains seen in the S&P 500-based ETF SPDR S&P 500 ETF .
After these stellar gains, it is quite natural for investors to think how long this monster rally in Europe ETFs will continue or if these funds will soon run out of gas. Let's find out which factors can act as tailwinds and the ones that are headwinds:
Upbeat Earnings
As per Reuters , about a third of the MSCI Europe companies came up with its first-quarter results, wherein corporate profit growth in the region was almost as healthy as that of the U.S. Overall, for the first quarter, earnings in Europe are expected to increase 13.9%, according to Thomson Reuters I/B/E/S, while the S&P 500 earnings are expected to grow 11.2% .
Factory Activity at Six-Year High
Euro zone's manufacturing activity rose at the quickest clip in six years in April demand remained solid despite rising prices, as per IHS Markit's Manufacturing Purchasing Managers' Index. Per the gauge, factory activity in Euro zone rose to 56.7 in April from March's 56.2, the best since April 2011. However, the reading was slightly lower than the preliminary reading of 56.8.
Better Prospect than the U.S.?
On a relative basis, the fading Trump rally in the U.S. may lead to further buying opportunity in the Europe stocks and ETFs. The Euro zone expanded faster than the U.S. in 2016 for the first time since 2008.
As per the respondents to the ECB Survey of Professional Forecasters (SPF), expectations for Euro area GDP growth for 2017 ticked up to 1.7%, up 0.2 percentage points. The economists forecast that growth in the bloc rose from 0.4% to 0.5% at the start of 2017. This is slightly slower than the U.S. economy's Q1 advancement of 0.7%. Plus, the U.S. manufacturing sector slowed in April from last month (read: GDP, Manufacturing Data Soften: ETFs to Play the Dip ).
Investors should note that Euro zone still has the ECB's easy-money backing and more room for improvement while the U.S. economy has seen the end of QE and has now moved onto policy tightening. Plus, if Trump's proposed policies fail, U.S. stocks may see a slide, steering investors toward Europe (read: 5 ETFs to Buy if Trump Tax Reform is Enacted by Year End ).
Threats Exist Too
However, there are factors that may derail the momentum. Below we highlight some:
If ECB Tightens Soon
Though the ECB continued to promise more accommodation if required, there is hearsay that this assuring tone may change in the bank's June meeting (as per an article published on fxstreet.com ), given continued progress in the bloc. If his happens, the rally may halt.
If Le Pen Wins France Election
Though far-right candidate Marine Le Pen - who is viewed as a supporter of 'Frexit' - has lesser chances of winning the election on May 7 (as per polls ), polls may be misleading. If the opposite happens, we might see some sell-off in Europe ETFs (read: 5 European ETFs Soaring on French Election Results ).
That being said, we would like to note that sentiments are still strong in Europe investing. We highlight below a few ETFs that hit a 52-week high on May 2.
Hot Europe ETFs
Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA: EURL-Free Report ) - Up 44% YTD
It gives triple exposure tothe FTSE Developed Europe All Cap Index, which is a market capitalization weighted index designed to track the equity market performance of large, mid and small-cap companies in developed markets in Europe.
WisdomTree Europe SmallCap Dividend ETF (NYSEARCA: DFE-Free Report ) - Up 17.5% YTD
The fund gives exposure to the small-capitalization segment of the European dividend-paying market.
iShares MSCI Europe Small-Cap (NASDAQ: IEUS-Free Report ) - Up 17.5% YTD
The underlying index focuses on small cap representation across the 15 developed countries in Europe.
Wisdomtree Europe Hedged Small Cap Equity ETF (NYSEARCA: EUSC-Free Report ) - Up 15.6% YTD
The fund provides exposure to European small-cap companies while hedging exposure to fluctuations between the U.S. dollar and the euro.
Europe Alphadex Fund FT (NASDAQ: FEP-Free Report ) - Up 17.3% YTD
The fund follows an index which is a modified market capitalization weighted index that employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ Europe Index.
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free .
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Get the full Report on EURL - FREE
Get the full Report on DFE - FREE
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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DIR-D EUR3XBL (EURL): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
ISHARS-MS EU SC (IEUS): ETF Research Reports
WISDMTR-EUR HSC (EUSC): ETF Research Reports
FT-EUROPE AD (FEP): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe SmallCap Dividend ETF (NYSEARCA: DFE-Free Report ) - Up 17.5% YTD The fund gives exposure to the small-capitalization segment of the European dividend-paying market. Stocks recently featured in the blog include Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA: EURL-Free Report ), WisdomTree Europe SmallCap Dividend ETF (NYSEARCA: DFE-Free Report ), Shares MSCI Europe Small-Cap (NASDAQ: IEUS-Free Report ), Wisdomtree Europe Hedged Small Cap Equity ETF (NYSEARCA: EUSC-Free Report ) and Europe Alphadex Fund FT (NASDAQ: FEP-Free Report ). Get the full Report on EURL - FREE Get the full Report on DFE - FREE Get the full Report on IEUS - FREE Get the full Report on EUSC - FREE Get the full Report on FEP - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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Stocks recently featured in the blog include Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA: EURL-Free Report ), WisdomTree Europe SmallCap Dividend ETF (NYSEARCA: DFE-Free Report ), Shares MSCI Europe Small-Cap (NASDAQ: IEUS-Free Report ), Wisdomtree Europe Hedged Small Cap Equity ETF (NYSEARCA: EUSC-Free Report ) and Europe Alphadex Fund FT (NASDAQ: FEP-Free Report ). Click to get this free report DIR-D EUR3XBL (EURL): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports WISDMTR-EUR HSC (EUSC): ETF Research Reports FT-EUROPE AD (FEP): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Europe SmallCap Dividend ETF (NYSEARCA: DFE-Free Report ) - Up 17.5% YTD The fund gives exposure to the small-capitalization segment of the European dividend-paying market.
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Stocks recently featured in the blog include Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA: EURL-Free Report ), WisdomTree Europe SmallCap Dividend ETF (NYSEARCA: DFE-Free Report ), Shares MSCI Europe Small-Cap (NASDAQ: IEUS-Free Report ), Wisdomtree Europe Hedged Small Cap Equity ETF (NYSEARCA: EUSC-Free Report ) and Europe Alphadex Fund FT (NASDAQ: FEP-Free Report ). Click to get this free report DIR-D EUR3XBL (EURL): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports WISDMTR-EUR HSC (EUSC): ETF Research Reports FT-EUROPE AD (FEP): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Europe SmallCap Dividend ETF (NYSEARCA: DFE-Free Report ) - Up 17.5% YTD The fund gives exposure to the small-capitalization segment of the European dividend-paying market.
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Stocks recently featured in the blog include Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA: EURL-Free Report ), WisdomTree Europe SmallCap Dividend ETF (NYSEARCA: DFE-Free Report ), Shares MSCI Europe Small-Cap (NASDAQ: IEUS-Free Report ), Wisdomtree Europe Hedged Small Cap Equity ETF (NYSEARCA: EUSC-Free Report ) and Europe Alphadex Fund FT (NASDAQ: FEP-Free Report ). WisdomTree Europe SmallCap Dividend ETF (NYSEARCA: DFE-Free Report ) - Up 17.5% YTD The fund gives exposure to the small-capitalization segment of the European dividend-paying market. Get the full Report on EURL - FREE Get the full Report on DFE - FREE Get the full Report on IEUS - FREE Get the full Report on EUSC - FREE Get the full Report on FEP - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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33a3f324-8475-4c19-a5f4-873523fe41ca
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728722.0
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2017-05-03 00:00:00 UTC
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Do Europe ETFs Have More Upside?
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DFE
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https://www.nasdaq.com/articles/do-europe-etfs-have-more-upside-2017-05-03
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nan
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nan
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The Euro zone saw a strong start to the year thanks to economic improvement, rising inflation and the end of earnings recession. The Eurozone economy grew 0.4% sequentially in Q4 of 2016, in line with market expectations . As per Financial Times , Europe's mutual funds saw a net €210 billion in investment in the first three months of the year, marking the highest quarterly inflows in five years.
Broader Europe ETF Vanguard FTSE Europe ETFVGK is up over 13% so far this year while Euro zone ETF iShares MSCI Eurozone EZU has gained about 15% in the year-to-date frame (as of May 2, 2017). FI Enhanced Europe 50 ETNFIEU has added over 25% this year. These were in contrast to 6.8% year-to-date gains seen in the S&P 500-based ETF SPDR S&P 500 ETFSPY .
After these stellar gains, it is quite natural for investors to think how long this monster rally in Europe ETFs will continue or if these funds will soon run out of gas. Let's find out which factors can act as tailwinds and the ones that are headwinds:
Upbeat Earnings
As per Reuters , about a third of the MSCI Europe companies came up with its first-quarter results, wherein corporate profit growth in the region was almost as healthy as that of the U.S. Overall, for the first quarter, earnings in Europe are expected to increase 13.9%, according to Thomson Reuters I/B/E/S, while the S&P 500 earnings are expected to grow 11.2% .
Factory Activity at Six-Year High
Euro zone's manufacturing activity rose at the quickest clip in six years in April demand remained solid despite rising prices, as per IHS Markit's Manufacturing Purchasing Managers' Index. Per the gauge, factory activity in Euro zone rose to 56.7 in April from March's 56.2, the best since April 2011. However, the reading was slightly lower than the preliminary reading of 56.8.
Better Prospect than the U.S.?
On a relative basis, the fading Trump rally in the U.S. may lead to further buying opportunity in the Europe stocks and ETFs. The Euro zone expanded faster than the U.S. in 2016 for the first time since 2008.
As per the respondents to the ECB Survey of Professional Forecasters (SPF), expectations for Euro area GDP growth for 2017 ticked up to 1.7%, up 0.2 percentage points. The economists forecast that growth in the bloc rose from 0.4% to 0.5% at the start of 2017. This is slightly slower than the U.S. economy's Q1 advancement of 0.7%. Plus, the U.S. manufacturing sector slowed in April from last month (read: GDP, Manufacturing Data Soften: ETFs to Play the Dip ).
Investors should note that Euro zone still has the ECB's easy-money backing and more room for improvement while the U.S. economy has seen the end of QE and has now moved onto policy tightening. Plus, if Trump's proposed policies fail, U.S. stocks may see a slide, steering investors toward Europe (read: 5 ETFs to Buy if Trump Tax Reform is Enacted by Year End ).
Threats Exist Too
However, there are factors that may derail the momentum. Below we highlight some:
If ECB Tightens Soon
Though the ECB continued to promise more accommodation if required, there is hearsay that this assuring tone may change in the bank's June meeting (as per an article published on fxstreet.com ), given continued progress in the bloc. If his happens, the rally may halt.
If Le Pen Wins France Election
Though far-right candidate Marine Le Pen - who is viewed as a supporter of 'Frexit' - has lesser chances of winning the election on May 7 (as per polls ), polls may be misleading. If the opposite happens, we might see some sell-off in Europe ETFs (read: 5 European ETFs Soaring on French Election Results ).
That being said, we would like to note that sentiments are still strong in Europe investing. We highlight below a few ETFs that hit a 52-week high on May 2.
Hot Europe ETFs
Direxion Daily FTSE Europe Bull 3X ETF EURL - Up 44% YTD
It gives triple exposure tothe FTSE Developed Europe All Cap Index, which is a market capitalization weighted index designed to track the equity market performance of large, mid and small-cap companies in developed markets in Europe.
WisdomTree Europe SmallCap Dividend ETF DFE - Up 17.5% YTD
The fund gives exposure to the small-capitalization segment of the European dividend-paying market.
iShares MSCI Europe Small-Cap IEUS - Up 17.5% YTD
The underlying index focuses on small cap representation across the 15 developed countries in Europe.
Wisdomtree Europe Hedged Small Cap Equity ETF EUSC - Up 15.6% YTD
The fund provides exposure to European small-cap companies while hedging exposure to fluctuations between the U.S. dollar and the euro.
Europe Alphadex Fund FT FEP - Up 17.3% YTD
The fund follows an index which is a modified market capitalization weighted index that employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ Europe Index.
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SPDR-SP 500 TR (SPY): ETF Research Reports
ISHARS-EMU IDX (EZU): ETF Research Reports
WISDMTR-EUR HSC (EUSC): ETF Research Reports
FT-EUROPE AD (FEP): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
VANGD-FTSE EUR (VGK): ETF Research Reports
CS-FI ENH EUR50 (FIEU): ETF Research Reports
ISHARS-MS EU SC (IEUS): ETF Research Reports
DIR-D EUR3XBL (EURL): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe SmallCap Dividend ETF DFE - Up 17.5% YTD The fund gives exposure to the small-capitalization segment of the European dividend-paying market. Click to get this free report SPDR-SP 500 TR (SPY): ETF Research Reports ISHARS-EMU IDX (EZU): ETF Research Reports WISDMTR-EUR HSC (EUSC): ETF Research Reports FT-EUROPE AD (FEP): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports CS-FI ENH EUR50 (FIEU): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports DIR-D EUR3XBL (EURL): ETF Research Reports To read this article on Zacks.com click here. Let's find out which factors can act as tailwinds and the ones that are headwinds: Upbeat Earnings As per Reuters , about a third of the MSCI Europe companies came up with its first-quarter results, wherein corporate profit growth in the region was almost as healthy as that of the U.S.
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Click to get this free report SPDR-SP 500 TR (SPY): ETF Research Reports ISHARS-EMU IDX (EZU): ETF Research Reports WISDMTR-EUR HSC (EUSC): ETF Research Reports FT-EUROPE AD (FEP): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports CS-FI ENH EUR50 (FIEU): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports DIR-D EUR3XBL (EURL): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Europe SmallCap Dividend ETF DFE - Up 17.5% YTD The fund gives exposure to the small-capitalization segment of the European dividend-paying market. Hot Europe ETFs Direxion Daily FTSE Europe Bull 3X ETF EURL - Up 44% YTD It gives triple exposure tothe FTSE Developed Europe All Cap Index, which is a market capitalization weighted index designed to track the equity market performance of large, mid and small-cap companies in developed markets in Europe.
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Click to get this free report SPDR-SP 500 TR (SPY): ETF Research Reports ISHARS-EMU IDX (EZU): ETF Research Reports WISDMTR-EUR HSC (EUSC): ETF Research Reports FT-EUROPE AD (FEP): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports CS-FI ENH EUR50 (FIEU): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports DIR-D EUR3XBL (EURL): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Europe SmallCap Dividend ETF DFE - Up 17.5% YTD The fund gives exposure to the small-capitalization segment of the European dividend-paying market. Broader Europe ETF Vanguard FTSE Europe ETFVGK is up over 13% so far this year while Euro zone ETF iShares MSCI Eurozone EZU has gained about 15% in the year-to-date frame (as of May 2, 2017).
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WisdomTree Europe SmallCap Dividend ETF DFE - Up 17.5% YTD The fund gives exposure to the small-capitalization segment of the European dividend-paying market. Click to get this free report SPDR-SP 500 TR (SPY): ETF Research Reports ISHARS-EMU IDX (EZU): ETF Research Reports WISDMTR-EUR HSC (EUSC): ETF Research Reports FT-EUROPE AD (FEP): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports CS-FI ENH EUR50 (FIEU): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports DIR-D EUR3XBL (EURL): ETF Research Reports To read this article on Zacks.com click here. The Euro zone saw a strong start to the year thanks to economic improvement, rising inflation and the end of earnings recession.
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2017-05-02 00:00:00 UTC
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Taking A Tour Through Europe ETFs
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DFE
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https://www.nasdaq.com/articles/taking-tour-through-europe-etfs-2017-05-02
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nan
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nan
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The concept of investing in European stocks seems difficult to stomach considering the decade of lost returns versus their U.S. counterparts. A new post by Michael Batnick, Director of Research for Ritholtz Wealth Management, details the difficult 10-year journey for this foreign investment class. The U.S. has simply been the star outperformer on the global stage for so many consistent years that the home-bias phenomenon has been taken to a new level.
According to their research, U.S. stocks now make up 80% of the average U.S. investor’s equity portfolio. The remaining 20% is likely split among a variety of European, Asian, and emerging market exposure. This overweight exposure towards a high-flying asset class ultimately leaves many investors susceptible to being caught off guard as the pendulum swings in the opposite direction.
While it’s difficult to predict when the turning of the tide will eventually prevail, there is a prudent case to be made that U.S. investors should be re-considering their allocations to include a healthier dose of international exposure.
One region to consider for direct positioning is European stocks through a low-cost and diversified exchange-traded fund (ETF). There are currently 99 ETFs dedicated to regional, single country, or thematic exposure to Europe that make this process quite simple and transparent.
One of the largest ETFs in this category is the Vanguard FTSE Europe ETF (VGK). This low-cost index fund owns a broad assortment of nearly 1,300 publicly traded companies throughout the developed European region.
Top country weightings within VGK include the United Kingdom, France, and Germany through its market-cap weighted structure. Its top holdings are likely familiar to U.S.-based investors as well, with Nestle SA (NSRGY) and Royal Dutch Shell Plc (RDS/A) as the two largest placeholders. VGK charge an expense ratio of just 0.10% annually to own this highly diversified group of foreign stocks and the fund has $11.4 billion in total assets.
A similar competitor to VGK is the iShares Core MSCI Europe ETF (IEUR), which sports a comparable footprint of nearly 1,000 European stocks for a rock-bottom expense of 0.10% annually. These types of all-encompassing index profiles allow investors the ability to capture virtually all sectors and market capitalization exposure. Avid travelers might think of it as the “all inclusive” way to invest in European stocks.
Another international ETF strategy that has grown in popularity in recent years is currency hedging. This fresh dynamic allows U.S. investors the ability to own a basket of foreign stocks in tandem with short positions in host country’s currency.
For example, the WisdomTree Europe Hedged Equity Fund (HEDJ) owns 130 large-cap European equities alongside euro currency futures shorts. This provides an additional tailwind to the performance of the fund versus an un-hedged variant like VGK if the euro depreciates in value versus the U.S. dollar. HEDJ has $9.6 billion in total assets and charges an expense ratio of 0.58%.
The Deutsche X-trackers MSCI Europe Hedged Equity ETF (DBEU) is another similar option that implements the currency hedging theme within its index-construction methodology. DBEU owns a larger swath of 450 stocks and charges an expense ratio of 0.45% compared to HEDJ’s 0.58% annually.
While not nearly as popular as their ultra-cheap passive counterparts, the smart beta or “enhanced index” group of ETFs is worth consideration. The WisdomTree Europe SmallCap Dividend Fund (DFE) is one example. This fund invests in over 300 small and mid-cap stocks within the European region that have a history of steady dividend payments. Stocks within DFE are weighted according to their annual cash payouts, rather than a market cap or equal-weighted methodology.
If fundamentals are pillars of your investment strategy, the First Trust Europe AlphaDEX Fund (FEP) may be suitable as well. This ETF uses a screening methodology to identify stocks with high scores in price appreciation, sales growth, price to book value, and return on assets. The goal is to hone in on high quality companies that results in a focused group of just 200 holdings. FEP has $313 million in total assets and charges a heftier 0.80% expense ratio for access to its evolved index construction technique.
The Bottom Line
The funds represented above are just a small slice of the opportunities for U.S. investors to carve out a portion of their portfolio in European equities. These vehicles offer the capability to immediately diversify overseas through dependable and low-cost stock allocations.
Nevertheless, as with any good investment thesis, the factors of timing and adherence to your personal risk tolerances must be primary considerations. Investors would be well-served to closely evaluate their existing portfolio and implement any changes with incremental steps to ensure it fits their goals.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The WisdomTree Europe SmallCap Dividend Fund (DFE) is one example. Stocks within DFE are weighted according to their annual cash payouts, rather than a market cap or equal-weighted methodology. While it’s difficult to predict when the turning of the tide will eventually prevail, there is a prudent case to be made that U.S. investors should be re-considering their allocations to include a healthier dose of international exposure.
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The WisdomTree Europe SmallCap Dividend Fund (DFE) is one example. Stocks within DFE are weighted according to their annual cash payouts, rather than a market cap or equal-weighted methodology. VGK charge an expense ratio of just 0.10% annually to own this highly diversified group of foreign stocks and the fund has $11.4 billion in total assets.
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The WisdomTree Europe SmallCap Dividend Fund (DFE) is one example. Stocks within DFE are weighted according to their annual cash payouts, rather than a market cap or equal-weighted methodology. One region to consider for direct positioning is European stocks through a low-cost and diversified exchange-traded fund (ETF).
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The WisdomTree Europe SmallCap Dividend Fund (DFE) is one example. Stocks within DFE are weighted according to their annual cash payouts, rather than a market cap or equal-weighted methodology. According to their research, U.S. stocks now make up 80% of the average U.S. investor’s equity portfolio.
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c5d70a10-d602-40f4-9782-813c88bf8a1b
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728724.0
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2017-04-19 00:00:00 UTC
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Europe Small-Cap Dividend ETF (DFE) Hits New 52-Week High
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DFE
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https://www.nasdaq.com/articles/europe-small-cap-dividend-etf-dfe-hits-new-52-week-high-2017-04-19
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nan
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nan
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For investors looking for momentum, the WisdomTree Europe Small-Cap Dividend Fund DFE is probably on your radar now. The fund just hit a 52-week high. Shares of DFE are up roughly 26.9% from their 52-week low price of $47.4/share.
But could more gains be ahead for this ETF? Let's take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed:
DFE in Focus
DFE focuses on providing exposure to Eurozone small-cap dividend paying equities. Industrials, Consumer Discretionary, and Financials are the top three sectors, with 26.22%, 15.08%, and 13.82% allocation, respectively (as on April 18, 2017). From a geographical perspective, it has around 25.53% exposure to the UK, 14.91% to Sweden, and 12.88% to Italy. It charges 58 basis points in fees per year and has top holdings in Saras SpA, Neopost SA, and Euronav NV with a meager 4.9% allocation to them (see all European Equity ETFs here ).
Why the move?
Lately, the Euro region has been gaining a lot of traction. Better-than-expected economic results, a March Purchasing Managers Index of 56.7 and Economic Sentiment Indicator reaching 107.9 in the Euro area have boosted the confidence of investors. Sweden upgraded its growth forecast to 2.6%, up from a December 2016 forecast of 2.4%. Further, a recent poll by Elabe on April 17, 2017 indicates that Le Pen is expected to lose majorly in the second run off in the French Presidential elections on May 7, 2017. Therefore, investors are confident and are looking at this region as a potential investment. Moreover, small cap companies are more domestically focused and provide a more refined exposure to the region.
More Gains Ahead?
Currently, DFE has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. So it is hard to get a handle on its future returns one way or another. However, it has a weighted alpha of 10.7 and a low 14-day volatility of 5.31%. So, there is definitely still some promise for those who want to ride this surging ETF a little further.
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WISDMTR-EU SC D (DFE): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For investors looking for momentum, the WisdomTree Europe Small-Cap Dividend Fund DFE is probably on your radar now. Shares of DFE are up roughly 26.9% from their 52-week low price of $47.4/share. Let's take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed: DFE in Focus DFE focuses on providing exposure to Eurozone small-cap dividend paying equities.
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Let's take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed: DFE in Focus DFE focuses on providing exposure to Eurozone small-cap dividend paying equities. For investors looking for momentum, the WisdomTree Europe Small-Cap Dividend Fund DFE is probably on your radar now. Shares of DFE are up roughly 26.9% from their 52-week low price of $47.4/share.
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Let's take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed: DFE in Focus DFE focuses on providing exposure to Eurozone small-cap dividend paying equities. Click to get this free report WISDMTR-EU SC D (DFE): ETF Research Reports To read this article on Zacks.com click here. For investors looking for momentum, the WisdomTree Europe Small-Cap Dividend Fund DFE is probably on your radar now.
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Currently, DFE has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. For investors looking for momentum, the WisdomTree Europe Small-Cap Dividend Fund DFE is probably on your radar now. Shares of DFE are up roughly 26.9% from their 52-week low price of $47.4/share.
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034119e4-d340-496d-af46-b0970d6b95fa
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728725.0
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2017-02-21 00:00:00 UTC
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3 Reasons Why These European ETFs Compelling Bets Now
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DFE
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https://www.nasdaq.com/articles/3-reasons-why-these-european-etfs-compelling-bets-now-2017-02-21
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nan
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nan
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The Euro zone saw a strong start to the year thanks to economic improvement, rising inflation and the end of earnings recession. The Eurozone economy grew 0.4% sequentially in Q4 of 2016, in line with market expectations (read: ECB Trims But Extends QE: ETF Winners & Losers ).
Recovering Fundamentals
Consumer prices in the Euro area are expected to rise 1.8% year over year in January of 2017, following a 1.1% uptick in December and surpassing market expectations of 1.6%. This represents the highest inflation rate since February 2013, thanks mainly to an energy sector rebound following the OPEC output.
The Euro zone expanded faster than the U.S. in 2016 for the first time since 2008. The European Commission's economic sentiment indicator, a gauge of consumer and business confidence, was at about a six-year high in January, as per an article published on Wall Street Journal.
If this was not enough, the European companies logged their first increase in earnings in four years . Per Wall Street Journal, the earnings growth was because of improving corporate health. This along with cheaper valuation thus helped European stocks to fare better. Vanguard FTSE Europe ETF( VGK has added about 4.1% so far this year (as of February 17, 2017).
Solid Corporate Earnings
About half of the companies in the blue-chip Euro Stoxx index registered a 5.1% uptick in earnings year over year in Q4, revealed by FactSet. That reflects "the first annual rise since 2012, and the strongest in five years," as per Wall Street Journal.
Investors should note that the Euro Stoxx index gained about 17% in dollar terms in the past four years, a period when the S&P 500 advanced 65%. Euro zone earnings per share are still about a fifth less than 2011, and a third less than the peak reached in early 2008.
A commodity market bounce and turnaround in the financial sector were behind the earnings improvement. BAML now expects 11% earnings growth in European stocks this year compared with 9% in the U.S. while for 2017, European shares are expected to see an 8% jump versus a 6% advance in the U.S. earnings.
Inside the Turnaround in Financial Stocks
Financial services are performing better lately as interest-rate expectations have gained momentum. And financial stocks are known to perform well in a rising rate environment. The Stoxx Europe 600 Banks Index has reached an almost one-year high.
Several banking earnings came in favorable. The Spanish banking behemoth Banco Santander , the Swiss giant UBS Group AG, German Deutsche Bank AG, Spain's second-largest bank by market value Banco Bilbao Vizcaya Argentaria and Dutch lender ING Groep came up with assuring results in the latest reporting cycle. Though banking giant HSBC's decline in profits came as a shock, growing strength in other entities calls for some optimism.
With this, a turnaround in European banking shares can be expected as the space was troubled by elevated nonperforming loans across the Euro zone mainly in Italy and was thus sold-off. Also, skepticism over the health of Deutsche Bank and its ability to pay huge potential fines for mis-selling mortgage-backed bonds before the financial crisis of 2008 created confusion in the space (read: European Financial ETF in Focus on Deutsche Bank Woes ).
ETF Bets
Given this bullishness, investors can have a look at Euro zone ETFs at least for the short term. However, there is a downside risk because the Euro zone is slated for several key elections this year, which can alter the market momentum.
Still for interested investors, we have found three ETFs in the broad European space that have surpassed the broader Europe ETF VGK in the last one month (as of February 17, 2017) and are expected to perform well in the months to come (see all Europe ETFs here).
iShares Currency Hedged MSCI Europe Small-Cap ETFHEUS
Investors should note that small cap companies generate the majority of their revenues from the domestic market. Moreover, they pick up faster than their larger counterparts in a growing economy. As a result, small-caps should be at the center stage in Europe.
This fund gives currency-hedged exposure to small companies in developed European markets. It charges 43 bps in fees and is heavy on UK (31.7%) followed by Germany (11.2%) and Sweden (9.26%).
WisdomTree Europe SmallCap Dividend ETFDFE
This ETF provides exposure to the small cap segment of the European dividend-paying market. The fund charges 58 bps in annual fees from investors. Among countries, United Kingdom (25.9%), Sweden (15.3%) and Italy (11.4%) dominate the holdings list. The fund yields 3.83% annually (as of February 17, 2017) (read: Warm Up to These Europe ETFs This Winter ).
BLDRS Europe Select ADR ETF ADRU
The fund looks to track the BNY Mellon Europe Select ADR Index. It is heavy on United Kingdom (47.5%), Switzerland (12.7%) and France (8.7%). It charges 30 bps in fees. The fund yields about 3.89% annually (as of February 17, 2017).
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WISDMTR-EU SC D (DFE): ETF Research Reports
ISHARS-CH EU SC (HEUS): ETF Research Reports
BLDRS-EURO 100 (ADRU): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe SmallCap Dividend ETFDFE This ETF provides exposure to the small cap segment of the European dividend-paying market. Click to get this free report WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-CH EU SC (HEUS): ETF Research Reports BLDRS-EURO 100 (ADRU): ETF Research Reports To read this article on Zacks.com click here. The Eurozone economy grew 0.4% sequentially in Q4 of 2016, in line with market expectations (read: ECB Trims But Extends QE: ETF Winners & Losers ).
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Click to get this free report WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-CH EU SC (HEUS): ETF Research Reports BLDRS-EURO 100 (ADRU): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Europe SmallCap Dividend ETFDFE This ETF provides exposure to the small cap segment of the European dividend-paying market. Per Wall Street Journal, the earnings growth was because of improving corporate health.
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Click to get this free report WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-CH EU SC (HEUS): ETF Research Reports BLDRS-EURO 100 (ADRU): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Europe SmallCap Dividend ETFDFE This ETF provides exposure to the small cap segment of the European dividend-paying market. BAML now expects 11% earnings growth in European stocks this year compared with 9% in the U.S. while for 2017, European shares are expected to see an 8% jump versus a 6% advance in the U.S. earnings.
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WisdomTree Europe SmallCap Dividend ETFDFE This ETF provides exposure to the small cap segment of the European dividend-paying market. Click to get this free report WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-CH EU SC (HEUS): ETF Research Reports BLDRS-EURO 100 (ADRU): ETF Research Reports To read this article on Zacks.com click here. BAML now expects 11% earnings growth in European stocks this year compared with 9% in the U.S. while for 2017, European shares are expected to see an 8% jump versus a 6% advance in the U.S. earnings.
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236b7008-bf34-4eb7-a71d-d5aef2a8e266
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728726.0
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2016-09-02 00:00:00 UTC
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WisdomTree Europe SmallCap Dividend Fund Experiences Big Outflow
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DFE
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https://www.nasdaq.com/articles/wisdomtree-europe-smallcap-dividend-fund-experiences-big-outflow-2016-09-02
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the WisdomTree Europe SmallCap Dividend Fund (Symbol: DFE) where we have detected an approximate $22.1 million dollar outflow -- that's a 2.7% decrease week over week (from 14,650,000 to 14,250,000). The chart below shows the one year price performance of DFE, versus its 200 day moving average:
Looking at the chart above, DFE's low point in its 52 week range is $47.40 per share, with $59.61 as the 52 week high point - that compares with a last trade of $55.52. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the WisdomTree Europe SmallCap Dividend Fund (Symbol: DFE) where we have detected an approximate $22.1 million dollar outflow -- that's a 2.7% decrease week over week (from 14,650,000 to 14,250,000). The chart below shows the one year price performance of DFE, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $47.40 per share, with $59.61 as the 52 week high point - that compares with a last trade of $55.52. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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The chart below shows the one year price performance of DFE, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $47.40 per share, with $59.61 as the 52 week high point - that compares with a last trade of $55.52. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the WisdomTree Europe SmallCap Dividend Fund (Symbol: DFE) where we have detected an approximate $22.1 million dollar outflow -- that's a 2.7% decrease week over week (from 14,650,000 to 14,250,000). Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the WisdomTree Europe SmallCap Dividend Fund (Symbol: DFE) where we have detected an approximate $22.1 million dollar outflow -- that's a 2.7% decrease week over week (from 14,650,000 to 14,250,000). The chart below shows the one year price performance of DFE, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $47.40 per share, with $59.61 as the 52 week high point - that compares with a last trade of $55.52. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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The chart below shows the one year price performance of DFE, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $47.40 per share, with $59.61 as the 52 week high point - that compares with a last trade of $55.52. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the WisdomTree Europe SmallCap Dividend Fund (Symbol: DFE) where we have detected an approximate $22.1 million dollar outflow -- that's a 2.7% decrease week over week (from 14,650,000 to 14,250,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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cd3561da-5c66-45c7-adf4-6d35734eccf0
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728727.0
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2016-06-14 00:00:00 UTC
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WisdomTree Europe SmallCap Dividend Fund (DFE) Shares Cross Below 200 DMA
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DFE
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https://www.nasdaq.com/articles/wisdomtree-europe-smallcap-dividend-fund-dfe-shares-cross-below-200-dma-2016-06-14
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nan
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nan
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In trading on Tuesday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed below their 200 day moving average of $55.30, changing hands as low as $54.73 per share. WisdomTree Europe SmallCap Dividend Fund shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of DFE shares, versus its 200 day moving average:
Looking at the chart above, DFE's low point in its 52 week range is $48.76 per share, with $60.39 as the 52 week high point - that compares with a last trade of $54.80.
Click here to find out which 9 other ETFs recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed below their 200 day moving average of $55.30, changing hands as low as $54.73 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $48.76 per share, with $60.39 as the 52 week high point - that compares with a last trade of $54.80. WisdomTree Europe SmallCap Dividend Fund shares are currently trading down about 2.1% on the day.
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In trading on Tuesday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed below their 200 day moving average of $55.30, changing hands as low as $54.73 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $48.76 per share, with $60.39 as the 52 week high point - that compares with a last trade of $54.80. Click here to find out which 9 other ETFs recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed below their 200 day moving average of $55.30, changing hands as low as $54.73 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $48.76 per share, with $60.39 as the 52 week high point - that compares with a last trade of $54.80. Click here to find out which 9 other ETFs recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed below their 200 day moving average of $55.30, changing hands as low as $54.73 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $48.76 per share, with $60.39 as the 52 week high point - that compares with a last trade of $54.80. Click here to find out which 9 other ETFs recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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41bb2c59-d08c-439c-9fdd-fe1156b6f7dd
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728728.0
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2016-01-19 00:00:00 UTC
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Time to Buy International Small-Cap Dividend ETFs?
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DFE
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https://www.nasdaq.com/articles/time-to-buy-international-small-cap-dividend-etfs-2016-01-19
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nan
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nan
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Recent market twirls resulting from shake-ups in the Chinese market have quivered investor confidence across the globe. Added to this, chances of further Fed rate hikes throughout 2016, persistent plunge in oil prices and nagging global growth issues put a spanner into theglobal marketto start 2016.
At the tail end of 2015, the Fed hiked key rates after almost a decade. So, chances of volatility are higher if the Fed remains steadfast in tightening its policies this year, putting U.S. equities at some risk. Gradual withdrawal of cheap money will now give scope only to quality stocks. Investors should no longer bet on the broad-based market especially when the scale of negative revisions to Q4 earnings estimates are more pronounced than what we saw in the prior two quarters.
On the other hand, plenty of easy money lies abroad with the ECB extending its ongoing QE measure, Japan relentlessly pursuing accommodative policies and even following the QE policy. If this was not enough, several other developed economies and a few emerging countries are also opting for monetary easing. A massive oil price slump in the last nine months, which arrested global inflation, made this possible for the otherwise inflation-ridden emerging nations (read: Oil and Energy ETFs That Hit All-Time Lows ).
This makes sense for investors seeking promising investment avenues in international economies. Though it would be unwise to describe foreign economies as smarter bets than America at first glance (as the majority of developed economies are buckling under deflationary worries and poor growth), a spell of monetary easing to jumpstart these ailing economies should make international equities and the related ETFs intriguing bets right now.
And to do so, what could be better than small-cap dividend ETFs?
Small caps are viewed as the backbone of the domestic economy. In a growing economy, these pint-sized securities perform the best as these generate most of their revenues from the domestic market. Naturally, these are less ruffled by global economic concerns.
Plus, due to rock-bottom interest rates prevailing in most developed nations, investors must be looking for higher current income. This also bolsters the need for dividend investing in the international arena (read: 3 High Dividend Stocks & ETFs to Buy ).
Below are our four selections that should perform well in this kind of a global macroeconomic backdrop and could thus be in watch. These serve the dual conditions of small-cap and dividend yields.
International Mid-Cap Dividend Fund (DIM)
The fund measures the performance of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S & Canada. Financials, Industrials and Consumer Discretionary each get double-digit weight in the fund. Japan is the focus of the fund holding over 21% followed by 18.3% exposure in U.K. The $144.5-million fund lost 0.9% in the last five trading sessions (as of January 14, 2016). The fund yields 2.99% annually.
Vanguard FTSE All-World ex-US Small-Cap ETF (VSS)
VSS - which tracks the FTSE Global Small Cap ex US Index - invests about $2.27 billion in assets in its 3,443-stock portfolio. Europe consists of over 40% of its portfolio followed by the Pacific taking over one-fourth of the total and emerging markets accounting for about one-fifth. North America makes up over 10% of the basket.
VSS has minimal concentration risk as it invests as low as 3% in its top-10 holdings. It is also a low cost option charging only 19 bps in annual fees. The fund lost about 2.4% in the last five days (as of January 14, 2016). VSS currently has a Zacks ETF Rank #3 (Hold) and yields 2.82% annually.
WisdomTree Europe SmallCap Dividend ETF ( DFE )
This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. It is one of the popular funds in the European space with AUM of $938.3 million. The fund charges 58 bps in annual fees from investors.
The fund is heavy on industrials as this segment accounts for more than one-fourth of the portfolio while financials, consumer discretionary and information technology take double-digit exposure each. Among countries, United Kingdom (25.8%), Sweden (13.9%) and Italy (10.1%) dominate the holdings list. The fund was up over 3% in the last one year (as of January 14, 2016). The fund yields 2.93% annually (read: Watch These Europe ETFs If the ECB Prints Money ).
WisdomTree International Small-Cap Dividend ETF ( DLS )
DLS - which tracks the WisdomTree International SmallCap Dividend Index- invests about $1.02 billion in assets in its 869-stock portfolio. The fund has the greatest exposure in Japan (27.74%) closely trailed by U.K. (16.1%) and Australia (10.7%). DLS too has minimal concentration risk as no stock accounts for more than 0.63% of the basket. It charges 58 bps in annual fees. The fund lost 1.4% in the last one year (as of January 14, 2016) and yields 2.89% annually.
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WISDMTR-IN D MC (DIM): ETF Research Reports
VANGD-FA -US SC (VSS): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
WISDMTR-INT SCF (DLS): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe SmallCap Dividend ETF ( DFE ) This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Click to get this free report WISDMTR-IN D MC (DIM): ETF Research Reports VANGD-FA -US SC (VSS): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports WISDMTR-INT SCF (DLS): ETF Research Reports To read this article on Zacks.com click here. Added to this, chances of further Fed rate hikes throughout 2016, persistent plunge in oil prices and nagging global growth issues put a spanner into theglobal marketto start 2016.
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WisdomTree Europe SmallCap Dividend ETF ( DFE ) This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Click to get this free report WISDMTR-IN D MC (DIM): ETF Research Reports VANGD-FA -US SC (VSS): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports WISDMTR-INT SCF (DLS): ETF Research Reports To read this article on Zacks.com click here. WisdomTree International Small-Cap Dividend ETF ( DLS ) DLS - which tracks the WisdomTree International SmallCap Dividend Index- invests about $1.02 billion in assets in its 869-stock portfolio.
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WisdomTree Europe SmallCap Dividend ETF ( DFE ) This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Click to get this free report WISDMTR-IN D MC (DIM): ETF Research Reports VANGD-FA -US SC (VSS): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports WISDMTR-INT SCF (DLS): ETF Research Reports To read this article on Zacks.com click here. WisdomTree International Small-Cap Dividend ETF ( DLS ) DLS - which tracks the WisdomTree International SmallCap Dividend Index- invests about $1.02 billion in assets in its 869-stock portfolio.
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WisdomTree Europe SmallCap Dividend ETF ( DFE ) This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Click to get this free report WISDMTR-IN D MC (DIM): ETF Research Reports VANGD-FA -US SC (VSS): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports WISDMTR-INT SCF (DLS): ETF Research Reports To read this article on Zacks.com click here. International Mid-Cap Dividend Fund (DIM) The fund measures the performance of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S & Canada.
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a314ec82-5624-48d1-b50f-31f10cf3fa59
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728729.0
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2015-12-04 00:00:00 UTC
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DFE Crosses Above Key Moving Average Level
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DFE
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https://www.nasdaq.com/articles/dfe-crosses-above-key-moving-average-level-2015-12-04
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nan
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nan
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In trading on Friday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $57.20, changing hands as high as $57.37 per share. WisdomTree Europe SmallCap Dividend Fund shares are currently trading up about 1.2% on the day. The chart below shows the one year performance of DFE shares, versus its 200 day moving average:
Looking at the chart above, DFE's low point in its 52 week range is $50.22 per share, with $61.92 as the 52 week high point - that compares with a last trade of $57.31.
Click here to find out which 9 other ETFs recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $57.20, changing hands as high as $57.37 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $50.22 per share, with $61.92 as the 52 week high point - that compares with a last trade of $57.31. WisdomTree Europe SmallCap Dividend Fund shares are currently trading up about 1.2% on the day.
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In trading on Friday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $57.20, changing hands as high as $57.37 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $50.22 per share, with $61.92 as the 52 week high point - that compares with a last trade of $57.31. Click here to find out which 9 other ETFs recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $57.20, changing hands as high as $57.37 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $50.22 per share, with $61.92 as the 52 week high point - that compares with a last trade of $57.31. Click here to find out which 9 other ETFs recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $57.20, changing hands as high as $57.37 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $50.22 per share, with $61.92 as the 52 week high point - that compares with a last trade of $57.31. Click here to find out which 9 other ETFs recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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8062684f-6aa3-471f-a312-3fc2a8e51029
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728730.0
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2015-11-27 00:00:00 UTC
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U.S. Intermediate Treasury & Small-Cap Europe: 2 ETFs Trading with Outsized Volume
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DFE
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https://www.nasdaq.com/articles/u.s.-intermediate-treasury-small-cap-europe%3A-2-etfs-trading-with-outsized-volume-2015-11
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nan
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nan
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In the last trading session, U.S. stocks were mixed. Rate hike worries in the U.S., the impending start of the all-important holiday shopping season and supportive policies in other developed economies set the tone for the global investing backdrop. Among the top ETFs, investors saw SPY lose 0.01%, DIA shed 0.03% and QQQ move higher by about 0.09% on the day.
Two more specialized ETFs are worth noting in particular though as both saw trading volume that was far outside of normal. In fact, both these funds experienced volume levels that were more than double their average for the most recent trading session. This could make these ETFs ones to watch out for in the days ahead to see if this trend of extra interest continues:
IEI : Volume 5.29 times average
This 3−7 year U.S. Treasury bond ETF was in focus on Wednesday as roughly 2.8 million shares moved hands compared to an average of roughly 530,500 shares. We also saw some stock price movement as IEI lost 0.01%.
The movement can largely be blamed on the slump in prices of U.S. treasuries prices thanks to rising bond yields instigated by looming Fed tightening. In the last one-month period, IEI was down 1.1%. The fund carries a Zacks ETF Rank #3 (Hold).
DFE : Volume 3.06 times average
This small-cap Europe dividend ETF was under the microscope on Wednesday as nearly 500,000 shares moved hands. This compares to an average trading volume of 150,000 shares and came as DFE gained about 0.2% in the session.
The movement can largely be attributed to investors' inclination toward dividend-paying small-cap securities in the European market as the economy is rebounding slowly on accommodative policies and the ECB is considering more easing to boost inflation. In the last one-month period, DFE was down about 2.8%.
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ISHARS-3-7YTB (IEI): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
SPDR-SP 500 TR (SPY): ETF Research Reports
SPDR-DJ IND AVG (DIA): ETF Research Reports
NASDAQ-100 SHRS (QQQ): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DFE : Volume 3.06 times average This small-cap Europe dividend ETF was under the microscope on Wednesday as nearly 500,000 shares moved hands. This compares to an average trading volume of 150,000 shares and came as DFE gained about 0.2% in the session. In the last one-month period, DFE was down about 2.8%.
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Click to get this free report ISHARS-3-7YTB (IEI): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports SPDR-SP 500 TR (SPY): ETF Research Reports SPDR-DJ IND AVG (DIA): ETF Research Reports NASDAQ-100 SHRS (QQQ): ETF Research Reports To read this article on Zacks.com click here. DFE : Volume 3.06 times average This small-cap Europe dividend ETF was under the microscope on Wednesday as nearly 500,000 shares moved hands. This compares to an average trading volume of 150,000 shares and came as DFE gained about 0.2% in the session.
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Click to get this free report ISHARS-3-7YTB (IEI): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports SPDR-SP 500 TR (SPY): ETF Research Reports SPDR-DJ IND AVG (DIA): ETF Research Reports NASDAQ-100 SHRS (QQQ): ETF Research Reports To read this article on Zacks.com click here. DFE : Volume 3.06 times average This small-cap Europe dividend ETF was under the microscope on Wednesday as nearly 500,000 shares moved hands. This compares to an average trading volume of 150,000 shares and came as DFE gained about 0.2% in the session.
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This compares to an average trading volume of 150,000 shares and came as DFE gained about 0.2% in the session. Click to get this free report ISHARS-3-7YTB (IEI): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports SPDR-SP 500 TR (SPY): ETF Research Reports SPDR-DJ IND AVG (DIA): ETF Research Reports NASDAQ-100 SHRS (QQQ): ETF Research Reports To read this article on Zacks.com click here. DFE : Volume 3.06 times average This small-cap Europe dividend ETF was under the microscope on Wednesday as nearly 500,000 shares moved hands.
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11a66665-88b9-4001-a798-1645d807e057
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728731.0
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2015-11-13 00:00:00 UTC
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Bet on European Economic Recovery with This New ETF
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DFE
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https://www.nasdaq.com/articles/bet-on-european-economic-recovery-with-this-new-etf-2015-11-13
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nan
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nan
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Ongoing policy easing and hopes for further stimulus (if need be) have put the spotlight on the Euro zone stocks and related ETFs. Since available funds are tacking on gains and assets on a potential economic recovery, issuers are putting out all the stops in rolling out more and more innovative Europe-based funds.
Most recently, WishdomTree launched Europe Local Recovery ETF ( EZR ) , which better reflects the European growth prospects on corporate profile. Let's dig a little deeper and find how one can wager on the potential bounce in the European economy by this ETF (read: ETF Strategies for 2H ).
EZR in Focus
The fund seeks to provide exposure to the European companies susceptible to economic growth prospects in the Euro zone and that generate over 50% of their revenues from Europe. Thus the fund may benefit from the ongoing economic recovery and rising purchasing power in the Euro zone. By tracking the WisdomTree Europe Local Recovery Index, the fund fulfils its objective.
This strategy results in the fund holding 212 stocks in its basket, which are quite well diversified across the portfolio. The top 10 names form roughly 15% of total assets, with just 2.22% allocated to the top fund holding - Total SA. BASF SE, Allianz SE and BNP Paribas are some of the other top holdings of the fund.
However, there seems to be some sector concentration in the fund as the top three sectors - Financials, Industrials and Consumer Discretionary- alone occupy four-fifth of total fund assets. Energy and Information Technology have the lowest allocations in the fund. Capitalization-wise, the fund has a mixed approach with about 35% of weight invested in small and mid caps each, while the remaining 30% goes to large-cap stocks.
While France and Germany have roughly 25% allocation each in the fund, Italy occupies about 16% and Spain has 9.42%. The fund charges 48 basis points as fees making it a relatively middle-of-the-road product in terms of costs in the European ETFs space.
How Does It Fit in the Portfolio?
The newly launched ETF can be a good choice for investors looking to gain exposure to the pure possibilities of the Euro zone. This is especially true given that these companies are closely tied to the European economy and generate a huge bulk of their revenues from the domestic market and thus remain less susceptible to euro depreciation (read: 3 European ETFs Rebounding Sharply ).
Notably, Euro zone is presently undergoing a QE stimulus and the European central bank has recently hinted at the beefing up of the ongoing monetary policy, if growth slackens further. These measures are expected to spur bank lending, boost activities and battle low inflation within the Euro zone.
ETF Competition
The broad European equities fund space is teeming with a number of ETFs such as Vanguard FTSE Europe ETF ( VGK ), SPDR Euro Stoxx 50 ETF ( FEZ ), iShares MSCI EMU ETF ( EZU ) and iShares Europe ETF ( IEV ) (see all the European Equity ETFs here ).
However, aforementioned ETFs are mostly large-cap in nature and thus can't be direct competitors to this newbie ETF EZR. Since large-caps only take about one-third of its portfolio, small-cap Europe ETFs including SPDR STOXX Small Cap ETF ( SMEZ ) and WisdomTree Europe SmallCap Dividend Fund ( DFE ) are likely to pose as threats. In fact, country and sector specification-wise, EZR and SMEZ share many similarities.
The newly launched fund is cheaper than DFE - which charges 58 basis points as fees but it is slightly costlier than SMEZ which charges 45 bps in fees. Also, given the greenback strength in the wake of looming policy tightening and euro depreciation, this un-hedged ETF might see tough times ahead.
Otherwise, we expect EZR to be successful among risk-averse investors as capitalization-wise, its spectrum is diversified. So, several risk-fearing investors who seek to gain true exposure to the Euro zone but dread the volatile nature of the smaller-capitalization might find EZR's midway approach lucrative.
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WISDMTR-EUR LRF (EZR): ETF Research Reports
VANGD-FTSE EUR (VGK): ETF Research Reports
SPDR-EU STX 50 (FEZ): ETF Research Reports
ISHARS-EURO (IEV): ETF Research Reports
SPDR-EU STX SC (SMEZ): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Since large-caps only take about one-third of its portfolio, small-cap Europe ETFs including SPDR STOXX Small Cap ETF ( SMEZ ) and WisdomTree Europe SmallCap Dividend Fund ( DFE ) are likely to pose as threats. The newly launched fund is cheaper than DFE - which charges 58 basis points as fees but it is slightly costlier than SMEZ which charges 45 bps in fees. Click to get this free report WISDMTR-EUR LRF (EZR): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports SPDR-EU STX 50 (FEZ): ETF Research Reports ISHARS-EURO (IEV): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports To read this article on Zacks.com click here.
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Since large-caps only take about one-third of its portfolio, small-cap Europe ETFs including SPDR STOXX Small Cap ETF ( SMEZ ) and WisdomTree Europe SmallCap Dividend Fund ( DFE ) are likely to pose as threats. Click to get this free report WISDMTR-EUR LRF (EZR): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports SPDR-EU STX 50 (FEZ): ETF Research Reports ISHARS-EURO (IEV): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports To read this article on Zacks.com click here. The newly launched fund is cheaper than DFE - which charges 58 basis points as fees but it is slightly costlier than SMEZ which charges 45 bps in fees.
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Since large-caps only take about one-third of its portfolio, small-cap Europe ETFs including SPDR STOXX Small Cap ETF ( SMEZ ) and WisdomTree Europe SmallCap Dividend Fund ( DFE ) are likely to pose as threats. Click to get this free report WISDMTR-EUR LRF (EZR): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports SPDR-EU STX 50 (FEZ): ETF Research Reports ISHARS-EURO (IEV): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports To read this article on Zacks.com click here. The newly launched fund is cheaper than DFE - which charges 58 basis points as fees but it is slightly costlier than SMEZ which charges 45 bps in fees.
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Since large-caps only take about one-third of its portfolio, small-cap Europe ETFs including SPDR STOXX Small Cap ETF ( SMEZ ) and WisdomTree Europe SmallCap Dividend Fund ( DFE ) are likely to pose as threats. The newly launched fund is cheaper than DFE - which charges 58 basis points as fees but it is slightly costlier than SMEZ which charges 45 bps in fees. Click to get this free report WISDMTR-EUR LRF (EZR): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports SPDR-EU STX 50 (FEZ): ETF Research Reports ISHARS-EURO (IEV): ETF Research Reports SPDR-EU STX SC (SMEZ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports To read this article on Zacks.com click here.
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13607023-b0a1-4aab-9c6d-a1a5c553d3be
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728732.0
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2015-10-08 00:00:00 UTC
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Bullish Two Hundred Day Moving Average Cross - DFE
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DFE
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https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-dfe-2015-10-08
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nan
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nan
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In trading on Thursday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $56.51, changing hands as high as $56.64 per share. WisdomTree Europe SmallCap Dividend Fund shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of DFE shares, versus its 200 day moving average:
Looking at the chart above, DFE's low point in its 52 week range is $47.35 per share, with $61.92 as the 52 week high point - that compares with a last trade of $56.58.
Click here to find out which 9 other ETFs recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $56.51, changing hands as high as $56.64 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $47.35 per share, with $61.92 as the 52 week high point - that compares with a last trade of $56.58. WisdomTree Europe SmallCap Dividend Fund shares are currently trading up about 0.7% on the day.
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In trading on Thursday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $56.51, changing hands as high as $56.64 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $47.35 per share, with $61.92 as the 52 week high point - that compares with a last trade of $56.58. Click here to find out which 9 other ETFs recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $56.51, changing hands as high as $56.64 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $47.35 per share, with $61.92 as the 52 week high point - that compares with a last trade of $56.58. Click here to find out which 9 other ETFs recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $56.51, changing hands as high as $56.64 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $47.35 per share, with $61.92 as the 52 week high point - that compares with a last trade of $56.58. Click here to find out which 9 other ETFs recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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546ec8c4-fdfd-4552-9b2a-2228cbcbd206
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728733.0
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2015-09-16 00:00:00 UTC
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WisdomTree Europe SmallCap Dividend Fund Breaks Above 200-Day Moving Average - Bullish for DFE
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DFE
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https://www.nasdaq.com/articles/wisdomtree-europe-smallcap-dividend-fund-breaks-above-200-day-moving-average-bullish-dfe
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nan
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nan
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In trading on Wednesday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $56.26, changing hands as high as $56.37 per share. WisdomTree Europe SmallCap Dividend Fund shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of DFE shares, versus its 200 day moving average:
Looking at the chart above, DFE's low point in its 52 week range is $47.35 per share, with $61.92 as the 52 week high point - that compares with a last trade of $56.37.
Click here to find out which 9 other ETFs recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $56.26, changing hands as high as $56.37 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $47.35 per share, with $61.92 as the 52 week high point - that compares with a last trade of $56.37. WisdomTree Europe SmallCap Dividend Fund shares are currently trading up about 0.9% on the day.
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In trading on Wednesday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $56.26, changing hands as high as $56.37 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $47.35 per share, with $61.92 as the 52 week high point - that compares with a last trade of $56.37. Click here to find out which 9 other ETFs recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $56.26, changing hands as high as $56.37 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $47.35 per share, with $61.92 as the 52 week high point - that compares with a last trade of $56.37. Click here to find out which 9 other ETFs recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of the WisdomTree Europe SmallCap Dividend Fund ETF (Symbol: DFE) crossed above their 200 day moving average of $56.26, changing hands as high as $56.37 per share. The chart below shows the one year performance of DFE shares, versus its 200 day moving average: Looking at the chart above, DFE's low point in its 52 week range is $47.35 per share, with $61.92 as the 52 week high point - that compares with a last trade of $56.37. Click here to find out which 9 other ETFs recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2485b527-c34f-4461-be20-9e331808ca92
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728734.0
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2015-09-15 00:00:00 UTC
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3 Top Performing Smart Beta International ETFs
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DFE
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https://www.nasdaq.com/articles/3-top-performing-smart-beta-international-etfs-2015-09-15
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ETF providers are continually turning to smart beta indexes that seek to capture a unique subset of stocks with specific fundamental or technical qualities. While these funds often have higher relative fees than their passive counterparts, they also offer several characteristics that may be attractive for investors seeking a specific theme that aligns with their portfolio goals.
International markets offer a wide range of strategies that target individual countries, sectors, regions, and even currency exposure. The following ETFs attempt to outperform their peers by blending those characteristics with enhanced index screening criteria.
WisdomTree Europe Small Cap Dividend Fund (DFE)
DFE is the largest exchange-traded fund dedicated to small cap stocks in Europe with over $1 billion in total assets. This ETF maintains exposure to over 350 quality companies that have historically paid dividends to shareholders. It then fundamentally weights the holdings according to annual cash dividends paid.
The end result is a diversified and distinctive portfolio of overseas stocks of which the majority are under $2 billion in total market capitalization. DFE has a current 30-day SEC yield of 2.78% and dividends are paid quarterly to shareholders. The top three countries represented in DFE include: United Kingdom, Sweden, and Germany.
So far this year, DFE has jumped 10.59% and is currently one of the top performing diversified international ETFs in 2015. This fund has managed to sidestep the heightened volatility that has plagued regions such as Asia and Latin America.
A fund of this nature may be appropriate for investors seeking an overseas equity income position or international small cap exposure with a regional focus. DFE charges an expense ratio of 0.58%.
PowerShares International BuyBack Achievers Portfolio (IPKW)
IPKW is focused on a narrow portfolio of 50 international stocks that have had a net reduction in their outstanding share float of at least 5% over the last fiscal year. This ETF is based on the Nasdaq International BuyBack Achievers Index.
Companies with a focus on share buybacks are often in a mature and stable phase of their business cycle. As a result, they are able to use free cash flow to narrow the field of available equity as an incentive to existing shareholders.
The top country allocations in IPKW are Japan, Canada, and the United Kingdom. The concentrated nature of this index allows for a far different underlying makeup than a more traditionally diversified international fund. Nevertheless, IPKW has been able to outperform the bulk of its peers this year and is currently sitting on a 2015 gain of 4.40%.
This ETF may be appropriate for investors seeking to screen for companies implementing share buyback plans or as a tactical international play with the potential for returns in excess of a broad-based benchmark. IPKW carries a net expense ratio of 0.55% and has $54 million in total assets.
iShares MSCI EAFE Minimum Volatility ETF (EFAV)
ETF investors looking for a conservative overseas solution may be drawn to EFAV, which selects 200 of the lowest volatility stocks in the MSCI EAFE Index. The goal of this ETF is to maintain correlation with both developed and emerging market countries, while reducing peaks and valleys associated with stock volatility.
EFAV has managed to gain 3.43% so far this year, while the benchmark iShares MSCI EAFE Index (EFA) is down -1.44%. That positive divergence in EFAV has been driven by an emphasis on financial, health care, and consumer staples companies which have held up well in 2015.
One of the advantages of this ETF is its ultra-low expense ratio of just 0.20%. This reduced cost may give EFAV an advantage as a potential core international holding for investors that are concerned about draw down in their portfolio.
The Bottom Line
Smart beta indexes are continuing to develop their own merits within the ETF universe. However, it’s important to understand their makeup and what drives changes to the underlying holdings over time in order to successfully implement them in your own portfolio.
Diversified investors will likely want to maintain an allocation to international markets despite the current woes that have plagued many overseas countries. In my opinion, ETFs offer one of the most liquid, low-cost, transparent, and flexible means of implementing this theme in a diversified strategy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe Small Cap Dividend Fund (DFE) DFE is the largest exchange-traded fund dedicated to small cap stocks in Europe with over $1 billion in total assets. DFE has a current 30-day SEC yield of 2.78% and dividends are paid quarterly to shareholders. The top three countries represented in DFE include: United Kingdom, Sweden, and Germany.
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WisdomTree Europe Small Cap Dividend Fund (DFE) DFE is the largest exchange-traded fund dedicated to small cap stocks in Europe with over $1 billion in total assets. DFE has a current 30-day SEC yield of 2.78% and dividends are paid quarterly to shareholders. The top three countries represented in DFE include: United Kingdom, Sweden, and Germany.
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WisdomTree Europe Small Cap Dividend Fund (DFE) DFE is the largest exchange-traded fund dedicated to small cap stocks in Europe with over $1 billion in total assets. DFE has a current 30-day SEC yield of 2.78% and dividends are paid quarterly to shareholders. The top three countries represented in DFE include: United Kingdom, Sweden, and Germany.
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WisdomTree Europe Small Cap Dividend Fund (DFE) DFE is the largest exchange-traded fund dedicated to small cap stocks in Europe with over $1 billion in total assets. DFE has a current 30-day SEC yield of 2.78% and dividends are paid quarterly to shareholders. The top three countries represented in DFE include: United Kingdom, Sweden, and Germany.
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16e51829-7d44-4b87-9043-c5c946a31b5c
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728735.0
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2015-09-09 00:00:00 UTC
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A Europe ETF That Endured The Yuan Devaluation...Sort Of
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DFE
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https://www.nasdaq.com/articles/europe-etf-endured-yuan-devaluationsort-2015-09-09
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nan
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nan
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It has been almost a month since the People's Bank of China (PBoC) devalued the yuan. Over that period, the WisdomTree Dreyfus Chinese Yuan Fd (ETF) (NYSE: CYB ) has slid 4.2 percent, but plenty of other international exchange-traded funds have been affected by the Chinese currency's slide.
The China Influence
The yuan's slide has been a drag on Europe ETFs, too. China is a major destination for European luxury exports ranging from automobiles to clothing to handbags, so it is plausible that ETFs chock full of European companies that depend on China as a significant revenue source would be pinched in the aftermath of the yuan devaluation.
Some Europe ETFs have been less bad than others in the wake of the Chinese currency's devaluation, though investors might be surprised to learn that includes some small-cap funds.
Related Link: An ETF That Gains As China Loses
A Closer Look At DFE
For example, the WisdomTree Europe SmallCap Div Fd (ETF) (NYSE: DFE ) has recently offered modest outperformance of CYB, the yuan ETF. DFE tracks the WisdomTree Europe SmallCap Dividend Index.
"The WisdomTree Europe SmallCap Dividend Index delivered a 0.72 percent positive return. European equities were broadly negative during this period, but this Index also includes exposure to European currencies, which appreciated against the U.S. dollar over the period. The four largest exposures are to the euro (+1.29 percent), British pound (+0.97 percent), Norwegian krone (+0.56 percent) and Swedish krona (+3.04 percent)," said WisdomTree in a recent note .
Sure, that is just a one-week period being cited by WisdomTree, but what is notable about DFE and what could help insulate the ETF to some extent from further PBoC yuan chicanery is the ETF's small dependence on China as a revenue driver for the fund's member firms. WisdomTree estimates that as of July 31, 2.6 percent of the WisdomTree Europe SmallCap Dividend Index's weighted average dollar revenue came from China. That is significantly less than the percentages on some marquee Europe large-cap ETFs.
DFE Advantages
Rather, the companies found in DFE depend on Europe for about two-thirds of revenue. DFE is not currency hedged, nor is it a dedicated eurozone ETF, but the fund has some advantages.
For example, DFE is conservatively positioned at the country level with British, Swedish and German stocks combining for half of the ETF's weight .
Second, DFE's underlying index sports a dividend yield of 3.8 percent, more than double the trailing 12-month dividend yield on the Russell 2000 Index. However, DFE's index has a slightly lower price-to-earnings and price-to-book ratio than the Russell 2000, according to WisdomTree data .
"European completion, namely by taking small caps into consideration, one can diversify the markets where companies receive revenue. Large caps tend to be more sensitive to the global economy and could face pressure if there are continued worries about an Asian currency war breaking out, while small caps are one way to position for an improving European economy," added WisdomTree.
Image Credit: Public Domain
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For example, DFE is conservatively positioned at the country level with British, Swedish and German stocks combining for half of the ETF's weight . Related Link: An ETF That Gains As China Loses A Closer Look At DFE For example, the WisdomTree Europe SmallCap Div Fd (ETF) (NYSE: DFE ) has recently offered modest outperformance of CYB, the yuan ETF. DFE tracks the WisdomTree Europe SmallCap Dividend Index.
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Related Link: An ETF That Gains As China Loses A Closer Look At DFE For example, the WisdomTree Europe SmallCap Div Fd (ETF) (NYSE: DFE ) has recently offered modest outperformance of CYB, the yuan ETF. DFE tracks the WisdomTree Europe SmallCap Dividend Index. Sure, that is just a one-week period being cited by WisdomTree, but what is notable about DFE and what could help insulate the ETF to some extent from further PBoC yuan chicanery is the ETF's small dependence on China as a revenue driver for the fund's member firms.
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Related Link: An ETF That Gains As China Loses A Closer Look At DFE For example, the WisdomTree Europe SmallCap Div Fd (ETF) (NYSE: DFE ) has recently offered modest outperformance of CYB, the yuan ETF. Sure, that is just a one-week period being cited by WisdomTree, but what is notable about DFE and what could help insulate the ETF to some extent from further PBoC yuan chicanery is the ETF's small dependence on China as a revenue driver for the fund's member firms. DFE tracks the WisdomTree Europe SmallCap Dividend Index.
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DFE tracks the WisdomTree Europe SmallCap Dividend Index. Sure, that is just a one-week period being cited by WisdomTree, but what is notable about DFE and what could help insulate the ETF to some extent from further PBoC yuan chicanery is the ETF's small dependence on China as a revenue driver for the fund's member firms. Related Link: An ETF That Gains As China Loses A Closer Look At DFE For example, the WisdomTree Europe SmallCap Div Fd (ETF) (NYSE: DFE ) has recently offered modest outperformance of CYB, the yuan ETF.
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8b0a9c00-def4-4e63-90b5-b7b6c2dc278b
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728736.0
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2015-09-01 00:00:00 UTC
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International Dividend ETF Ideas For Income Investors
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DFE
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https://www.nasdaq.com/articles/international-dividend-etf-ideas-income-investors-2015-09-01
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nan
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U.S. small-caps have witnessed solid dividend growth in recent years.
"From the end of 2013 there has been a 10.2% increase in the number of issues paying a dividend in the S&P SmallCap 600," according to S&P Dow Jones Indices .
However, few investors are likely to confuse the Russell 2000 and the S&P SmallCap 600 indexes as high-yield destination. The trailing 12-month dividend yield on the iShares Russell 2000 ETF (NYSE: IWM ) is just 1.78 percent. As is often the case with large-cap stocks and exchange traded funds, income investors looking for small-cap exposure with dividend compensation can find more impressive yields by looking to international markets.
Such a shopping list should include the WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ). Though it is not a currency hedged ETF, the $1 billion is a play on an ongoing rebound in European stocks and investors are more than adequately compensated for the risk with a distribution yield of 7.65 percent .
"Whether looking at the large-cap or the small-cap indexes (displayed above), one typically sees higher trailing dividend yields outside the United States. The Russell 2000 Index had the lowest dividend yield of all the indexes examined above, and the WisdomTree Emerging Markets SmallCap Dividend Index had the highest-over 280 basis points higher, in fact. We also think it is impressive that international developed small caps can offer twice the yield of U.S. small caps, as the WisdomTree International SmallCap Dividend Index offered an advantage of over 230 basis point to the Russell 2000," said WisdomTree in a recent research note .
For the investor that perceives the Eurozone as still riskier than the UK and Nordic countries, DFE is a nice option because the ETF allocates over 40 percent of its combined weight to British and Swedish stocks while offering no exposure to Greece.
Income investors looking for the promise, one that is being delivered on, of dividend growth with the protection of a currency hedge can turn to the WisdomTree Japan Hedged SmallCap Equity Fund ( DXJS ), the small-cap equivalent of the popular WisdomTree Japan Hedged Equity Fund (NYSE: DXJ ).
"Japanese investors have traditionally invested a majority of their assets in cash or Japanese government bonds (JGBs), which turned out to be a profitable strategy during a period with little or no inflation. Now, with the government's 2% inflation target, we believe investors will move out of cash and into equities to protect their purchasing power. The WisdomTree Japan SmallCap Dividend Index offered a yield advantage over four times that of the JGB yield, which we believe should be very enticing," according to WisdomTree.
For a while after its late June 2013 debut, DXJS toiled in obscurity, but the thought process behind this ETF has been vindicated as nearly $197 million in assets under management confirm. Importantly, $88 million, or 44.6 percent of its current AUM total, has come into DXJS this year. The ETF's distribution is just 1.49 percent, but that is better than what investors get on benchmark Japanese government bonds.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For the investor that perceives the Eurozone as still riskier than the UK and Nordic countries, DFE is a nice option because the ETF allocates over 40 percent of its combined weight to British and Swedish stocks while offering no exposure to Greece. Such a shopping list should include the WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ). As is often the case with large-cap stocks and exchange traded funds, income investors looking for small-cap exposure with dividend compensation can find more impressive yields by looking to international markets.
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Such a shopping list should include the WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ). For the investor that perceives the Eurozone as still riskier than the UK and Nordic countries, DFE is a nice option because the ETF allocates over 40 percent of its combined weight to British and Swedish stocks while offering no exposure to Greece. As is often the case with large-cap stocks and exchange traded funds, income investors looking for small-cap exposure with dividend compensation can find more impressive yields by looking to international markets.
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Such a shopping list should include the WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ). For the investor that perceives the Eurozone as still riskier than the UK and Nordic countries, DFE is a nice option because the ETF allocates over 40 percent of its combined weight to British and Swedish stocks while offering no exposure to Greece. The Russell 2000 Index had the lowest dividend yield of all the indexes examined above, and the WisdomTree Emerging Markets SmallCap Dividend Index had the highest-over 280 basis points higher, in fact.
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Such a shopping list should include the WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ). For the investor that perceives the Eurozone as still riskier than the UK and Nordic countries, DFE is a nice option because the ETF allocates over 40 percent of its combined weight to British and Swedish stocks while offering no exposure to Greece. As is often the case with large-cap stocks and exchange traded funds, income investors looking for small-cap exposure with dividend compensation can find more impressive yields by looking to international markets.
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b6daf7b9-b169-4596-82f9-2838e3dd192e
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728737.0
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2015-08-21 00:00:00 UTC
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Psst! Look Abroad For ETFs With Big Gains And Income
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DFE
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https://www.nasdaq.com/articles/psst-look-abroad-etfs-big-gains-and-income-2015-08-21
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nan
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S everal of the international stock ETFs that are outperforming the S&P 500 index this year also have higher yields. At least five are fromWisdomTree Investments ( WETF ), the fifth largest ETF sponsor and an IBD 50 stock.
WisdomTree Europe SmallCap Dividend ( DFE ) is up 11.95% year to date as of Thursday's close vs. SPDR S&P 500's ( SPY ) 0.16% gain. And it yields 2.59% vs. 1.92%.
DFE, a $1.02 billion ETF , tracks a dividend-weighted index of the smallest European dividend payers. Its average market capitalization is $1.26 billion.
Its top sector weightings are industrials, consumer cyclicals and technology.
Its top country/region weightings are the United Kingdom at 28% of portfolio assets, followed by Sweden at 12%.
Its 356 stock holdings are mostly names unfamiliar to the average American investor. But several stocks posted triple-digit gains in the past year.
Eurozone quantitative easing in 2015 has boosted European stocks, especially companies that are domestically focused or export driven. Small caps and dividend payers tend to fall within this group.
Greggs, the largest bakery chain in the U.K., soared 119% in the past year. Mycronic, which makes parts and software for the electronics industry, vaulted 211% over this period.
Looking abroad for dividend income could boost your investment success in ETFs. An allocation to foreign stocks diversifies ETF portfolios and can smooth the return stream.
The dividend-weighted method gives more weight to companies with stronger fundamentals. Traditional market-cap weighting gives more weight to companies selling at higher prices.
DFE dropped nearly 2% on the stock market today amid a global rout. It's 9% off its old high of 61.92, set in May.
Follow Aparna Narayanan on Twitter: @IBD_ANarayanan .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe SmallCap Dividend ( DFE ) is up 11.95% year to date as of Thursday's close vs. SPDR S&P 500's ( SPY ) 0.16% gain. DFE, a $1.02 billion ETF , tracks a dividend-weighted index of the smallest European dividend payers. DFE dropped nearly 2% on the stock market today amid a global rout.
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DFE, a $1.02 billion ETF , tracks a dividend-weighted index of the smallest European dividend payers. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. WisdomTree Europe SmallCap Dividend ( DFE ) is up 11.95% year to date as of Thursday's close vs. SPDR S&P 500's ( SPY ) 0.16% gain.
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DFE, a $1.02 billion ETF , tracks a dividend-weighted index of the smallest European dividend payers. WisdomTree Europe SmallCap Dividend ( DFE ) is up 11.95% year to date as of Thursday's close vs. SPDR S&P 500's ( SPY ) 0.16% gain. DFE dropped nearly 2% on the stock market today amid a global rout.
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DFE, a $1.02 billion ETF , tracks a dividend-weighted index of the smallest European dividend payers. WisdomTree Europe SmallCap Dividend ( DFE ) is up 11.95% year to date as of Thursday's close vs. SPDR S&P 500's ( SPY ) 0.16% gain. DFE dropped nearly 2% on the stock market today amid a global rout.
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3f1da33c-544a-46d1-acd8-b9b18b2a49f8
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728738.0
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2015-05-19 00:00:00 UTC
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3 ETFs to Capitalize Robust European Earnings - ETF News And Commentary
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DFE
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https://www.nasdaq.com/articles/3-etfs-to-capitalize-robust-european-earnings-etf-news-and-commentary-2015-05-19
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nan
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nan
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Finally, things have started to fall into place for Europe. The Euro zone has gathered steam, having logged a 0.4% growth rate in the first quarter - the highest quarterly growth in nearly 2 years and better than the U.S. growth rate (0.2%). The Q1 Euro zone data also inched up from 0.3% recorded in the fourth quarter of 2014.
The ECB's QE launch appears instrumental in driving the region. The ECB started its bond buying program in March. The ECB will now inject €1.14 trillion ($1.16 trillion) into the sputtering Euro zone till September 2016. Added to this, many European nations have kept the key rates at rock-bottom levels and even introduced negative interest rates.
Solid Corporate Earnings
The ultra-easy policy backdrop has helped European companies to post solid earnings. Reuters recently indicated that European firms have seen the 'best earnings season in four years'. Analyst upgrades overshadowed downgrades for the first time in four years, as per Reuters.
Reuters also revealed that about 80% European companies in the STOXX Europe 600 index are now out with Q1 earnings (based on a StarMine data). Among these, 61% of stocks have either surpassed or matched the estimates with 7% year-over-year growth on average.
Weaker Euro Not the Only Tailwind
Per the Thomson Reuters database, European EPS will likely increase 5.4% in 2015 though some analysts consider this a conservative prediction. Many investors might be thinking that the exceptionally strong Q1 was the result of a weaker euro which in turn boosted the region's exports (read: Bulls Riding Europe with These Top Ranked ETFs ).
But Barclays' stumped those investors showing that 50 stocks targeting the domestic market of the Euro zone reported sales and EPS that exceeded 50 export-oriented companies. This clearly points to the fact that the inherent Euro zone recovery was the main driver of a sound Q1 earnings season.
ETFs to Buy
Given robust corporate earnings and stimulus measures, Europe ETFs would be in the spotlight at least for the short term. Below are three ETFs that could be in focus for the coming days.
ALPS STOXX Europe 600 ETF (STXX)
The passively managed fund looks to follow the STOXX Europe 600 Index to provide exposure to 600 largest European companies. Being just six months old, the fund has amassed only $5.4 million and charges 25 bps in fees.
The fund is highly diversified with no stock accounting for more than 2.79% of the portfolio. Among individual holdings, Novartis takes the top spot, followed by Nestle and Roche with, respectively, 2.64% and 2.18% exposure.
Sector wise, Financials gets the highest exposure with 23.36% of the portfolio. Health Care,
Consumer Staples, Industrials and Consumer Discretionary also get double-digit investments (read: Another Europe-Focused ETF from ALPS Hits the Market ).
As far as country exposure is concerned, the fund is heavy on better-positioned nations. United Kingdom (28.76%) gets the top priority while France (14.88%), Switzerland (14.48%) and Germany (13.90%) take up the next three positions. The fund is up over 10.5% so far this year (as of May 18, 2015).
WisdomTree Europe SmallCap Dividend ETF (DFE)
This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. It is one of the popular funds in the European space with AUM of $984.8 million. The fund charges 58 bps in annual fees from investors.
Investors should note that small cap companies generate the majority of their revenues from the domestic market. Moreover, they pick up faster than their larger counterparts in a growing economy. As a result, small-caps should be at the center stage in Europe (read: WisdomTree Plans Another Small-Cap Hedged Europe ETF ).
The fund is heavy on industrials as this segment accounts for more than one-fourth of the portfolio while financials, information technology and consumer discretionary take the remainder. Among countries, United Kingdom (33.3%), Sweden (14.5%) and Italy (10%) dominate the holdings list. The fund is up over 19% so far this year (read: Watch These Europe ETFs If the ECB Prints Money ).
iShares MSCI Europe Small-Cap ETF (IEUS)
The fund looks to give exposure to the small-cap space of the European market. With 862 holdings in its basket, the fund allocates not more than 0.79% in a single stock. It is heavy on UK (39.26%) and charges 40 bps in fees. This fund is also low on assets with over $40 million amassed so far. Financials and Industrials take about 44% of the fund. Year to date (as of May 18, 2015), the fund has added over 17%.
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ALPS-STX EUR600 (STXX): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
ISHARS-MS EU SC (IEUS): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe SmallCap Dividend ETF (DFE) This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Click to get this free report ALPS-STX EUR600 (STXX): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports To read this article on Zacks.com click here. Many investors might be thinking that the exceptionally strong Q1 was the result of a weaker euro which in turn boosted the region's exports (read: Bulls Riding Europe with These Top Ranked ETFs ).
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WisdomTree Europe SmallCap Dividend ETF (DFE) This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Click to get this free report ALPS-STX EUR600 (STXX): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research?
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WisdomTree Europe SmallCap Dividend ETF (DFE) This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Click to get this free report ALPS-STX EUR600 (STXX): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports To read this article on Zacks.com click here. ALPS STOXX Europe 600 ETF (STXX) The passively managed fund looks to follow the STOXX Europe 600 Index to provide exposure to 600 largest European companies.
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WisdomTree Europe SmallCap Dividend ETF (DFE) This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Click to get this free report ALPS-STX EUR600 (STXX): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS EU SC (IEUS): ETF Research Reports To read this article on Zacks.com click here. Reuters recently indicated that European firms have seen the 'best earnings season in four years'.
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c07256f4-e640-418d-b97d-e68800a7110e
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728739.0
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2015-05-07 00:00:00 UTC
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Look Abroad For ETFs With Tastiest Dividend Income
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DFE
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https://www.nasdaq.com/articles/look-abroad-etfs-tastiest-dividend-income-2015-05-07
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nan
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I nvestors in the largest dividend ETFs have scored the best returns from non-U.S. stocks in 2015. Both developed and emerging markets have paid off handsomely. International ETFs with a small-cap focus have seen the biggest stock market gains . They account for three of the five best performers in the category.
WisdomTree Europe SmallCap Dividend ( DFE ) has risen 14.6% so far this year vs.Vanguard Dividend Appreciation's ( VIG ) 0.5% decline. Over the past five years, DFE averaged an annual 16.2% gain vs. 13.3% for VIG.
As the largest ETF -holding dividend payer, VIG holds $20.41 billion in assets. That dwarfs DFE's $950.3 million. Both launched in 2006.
DFE has 335 holdings, with the biggest allocation to the U.K., followed by Sweden, Italy and Germany. Analysts rate some of these countries as better-positioned within Europe.
The region's equities surged this year after the European Central Bank launched a mammoth stimulus program. Locally focused small caps stand to benefit from that move.
Plus, they can diversify portfolios more for successful investing .
DFE has a dividend yield of 2.56%. VIG yields 2.14%.
Their expense ratios are 0.58% and 0.10% respectively.
DFE's top 10 holdings include German telecom provider Drillisch, Swedish surveillance products maker Axis and online gambling service Betsson. These names may be obscure to many American investors, but they've notched double-digit gains in recent years.
VIG's 182-stock portfolio is packed with multinationals that are household names. They includePepsiCo ( PEP ) andProcter & Gamble ( PG ), exporters who recently reported revenues that have been hard hit by a strong dollar.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DFE's top 10 holdings include German telecom provider Drillisch, Swedish surveillance products maker Axis and online gambling service Betsson. WisdomTree Europe SmallCap Dividend ( DFE ) has risen 14.6% so far this year vs.Vanguard Dividend Appreciation's ( VIG ) 0.5% decline. Over the past five years, DFE averaged an annual 16.2% gain vs. 13.3% for VIG.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. WisdomTree Europe SmallCap Dividend ( DFE ) has risen 14.6% so far this year vs.Vanguard Dividend Appreciation's ( VIG ) 0.5% decline. Over the past five years, DFE averaged an annual 16.2% gain vs. 13.3% for VIG.
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WisdomTree Europe SmallCap Dividend ( DFE ) has risen 14.6% so far this year vs.Vanguard Dividend Appreciation's ( VIG ) 0.5% decline. Over the past five years, DFE averaged an annual 16.2% gain vs. 13.3% for VIG. That dwarfs DFE's $950.3 million.
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WisdomTree Europe SmallCap Dividend ( DFE ) has risen 14.6% so far this year vs.Vanguard Dividend Appreciation's ( VIG ) 0.5% decline. DFE has a dividend yield of 2.56%. Over the past five years, DFE averaged an annual 16.2% gain vs. 13.3% for VIG.
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fe7861a8-4abd-4582-aae3-582a9e007506
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728740.0
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2015-02-04 00:00:00 UTC
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Quality Equities for Europe in 2015
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DFE
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https://www.nasdaq.com/articles/quality-equities-europe-2015-2015-02-04
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nan
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nan
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London, 03 February 2015: WisdomTree, an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor, and pioneer of dividend-weighted smart beta ETFs, today announced its outlook for 2015.
Viktor Nossek, Director of Research for WisdomTree Europe, had this to say:
Political uncertainty is the main risk in 2015 for European markets
Political uncertainty and ‘structural deflation’ will drive the investment outlook for Europe in 2015. Both are linked and particularly for the Eurozone’s financial markets, pose major risks. First, no tangible recovery of the jobs market looks realistic in 2015, amidst the relentless fiscal tightening by the state and ongoing deleveraging by the private sector. This is set to help populist fringe parties gain further ground in the polls and fuel the political fracturing of the European Union beyond Greece. Setting the political climate of more independence from Brussels, will be the elections in the UK in May and in Spain towards the end of the year.
The risk to financial markets is the confidence in the European Union and by extension, its fiscal union.
Fiscal stimulus is EU’s big bazooka to fight deflation
Second, faced with the fallout in domestic demand and no investment-led growth, the Eurozone’s economy, risks sliding into structural deflation. Against the full scale QE program that exhausts all of the ECB’s stimulus efforts, the markets now depend on Brussels to loosen budget rules and implement scalable investments plans through state funded infra-structure projects to win the fight against deflation. Without fiscal and investment stimulus, the Eurozone is expected to stay in a state of disinflation and at worst, slide deeper into deflation.
Bond markets are most at risk, equities less
Central to the debate of austerity and fiscal tightening in Europe is Greece, which will seek a renegotiation of the term of its bailout package. The risk of contagion subjects Spain and Italy to potentially more volatility and rising credit spreads, especially if inflation fails to pick up in the periphery and a higher risk of default is being priced in. Such a scenario is likely to further polarize allocations into the safest safe havens and suppress already record low bond yields in Germany and in Europe’s healthier core - deeper into zero, if not negative yields.
Quality equities offer better value than bonds
Against Europe’s increasingly dislocated bond markets; from the negative yields of core European shorter dated sovereigns, to low yields of long dated Southern peripheral sovereigns and IG corporates; to the high yielding but high risk government bonds of Greece, European equity markets off comparatively better value.
Cash rich balance sheets and attractive valuations of European stocks mean prospective dividend yields offer investors an historic unprecedented premium to long dated government bond yields. The export bias and global footprint of corporate Europe furthermore mitigate the equity markets exposure to macro-political risks to which the bond markets will overwhelmingly remain subjected.
Defensive positioning in Europe for 2015 may, ironically, require an allocation shift away from bonds and into equities. Within equities a bias towards quality, high-dividend yielding, broad basket of stocks, is made available with dividend index strategies. This is an investment proposition that investors should consider with the view that political uncertainty and deflation would not dissipate.
Longer term, a recovery of Europe may still be in the cards, given the boost QE, coupled with fiscal stimulus would provide to the economy. Small-cap equities most exposed to the region’s revival would stand to benefit more than export driven large-cap equities. An allocation towards a broad basket of small-cap stocks where screening for dividend payers would take a lot out of the speculative element in small-caps, is a strategy European-based investors should consider - if they want to ride out the uncertainty in 2015 and hold on to their investment over this cycle.
Investors who share this sentiment may consider buying the following ETFs:
WisdomTree Europe Equity Income UCITS ETF (EEI)
WisdomTree Europe SmallCap Dividend UCITS ETF (DFE)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors who share this sentiment may consider buying the following ETFs: WisdomTree Europe Equity Income UCITS ETF (EEI) WisdomTree Europe SmallCap Dividend UCITS ETF (DFE) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. First, no tangible recovery of the jobs market looks realistic in 2015, amidst the relentless fiscal tightening by the state and ongoing deleveraging by the private sector. Against the full scale QE program that exhausts all of the ECB’s stimulus efforts, the markets now depend on Brussels to loosen budget rules and implement scalable investments plans through state funded infra-structure projects to win the fight against deflation.
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Investors who share this sentiment may consider buying the following ETFs: WisdomTree Europe Equity Income UCITS ETF (EEI) WisdomTree Europe SmallCap Dividend UCITS ETF (DFE) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Viktor Nossek, Director of Research for WisdomTree Europe, had this to say: Political uncertainty is the main risk in 2015 for European markets Political uncertainty and ‘structural deflation’ will drive the investment outlook for Europe in 2015. Quality equities offer better value than bonds Against Europe’s increasingly dislocated bond markets; from the negative yields of core European shorter dated sovereigns, to low yields of long dated Southern peripheral sovereigns and IG corporates; to the high yielding but high risk government bonds of Greece, European equity markets off comparatively better value.
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Investors who share this sentiment may consider buying the following ETFs: WisdomTree Europe Equity Income UCITS ETF (EEI) WisdomTree Europe SmallCap Dividend UCITS ETF (DFE) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Viktor Nossek, Director of Research for WisdomTree Europe, had this to say: Political uncertainty is the main risk in 2015 for European markets Political uncertainty and ‘structural deflation’ will drive the investment outlook for Europe in 2015. Quality equities offer better value than bonds Against Europe’s increasingly dislocated bond markets; from the negative yields of core European shorter dated sovereigns, to low yields of long dated Southern peripheral sovereigns and IG corporates; to the high yielding but high risk government bonds of Greece, European equity markets off comparatively better value.
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Investors who share this sentiment may consider buying the following ETFs: WisdomTree Europe Equity Income UCITS ETF (EEI) WisdomTree Europe SmallCap Dividend UCITS ETF (DFE) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Fiscal stimulus is EU’s big bazooka to fight deflation Second, faced with the fallout in domestic demand and no investment-led growth, the Eurozone’s economy, risks sliding into structural deflation. Bond markets are most at risk, equities less Central to the debate of austerity and fiscal tightening in Europe is Greece, which will seek a renegotiation of the term of its bailout package.
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1b751e11-3a67-46d6-b871-145221f87bad
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728741.0
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2015-01-15 00:00:00 UTC
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Watch These Europe ETFs If the ECB Prints Money - ETF News And Commentary
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DFE
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https://www.nasdaq.com/articles/watch-these-europe-etfs-if-the-ecb-prints-money-etf-news-and-commentary-2015-01-15
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nan
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nan
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The European Central Bank (ECB) is apparently set to embark on the final voyage of its easing policy. At least, the ECB president Mario Draghi's latest comments in a German financial newspaper give such cues.
Going by what Draghi said, we can comprehend that the ECB is all for bank reforms, levying lower taxes and slashing excessive regulations to accelerate the Euro zone's recovery, which the president was quoted as saying that it is presently "fragile and uneven" (read: Euro Zone Gets QE Hints, 3 ETFs to Buy on Stimulus Hopes ).
The Euro zone's manufacturing activity expanded slower than initially estimated in December with each month of Q4 recording the lowest PMIs since Q3 of 2013. Such downbeat data definitely creates a backdrop for the initiation of the QE policy. Thus, investors considered the president's latest comments as the start of an asset buyback program or some other sort of stimulus program.
Sensing potential easing, the common currency euro plunged to a nine-year low against the greenback. As a result, CurrencyShares Euro ETF ( FXE ) kick started the New Year with a decent sized loss. Gains were invisible even in the broad large-cap Euro ETFs including FTSE Europe ETF ( VGK) and SPDR Euro STOXX 50 ETF ( FEZ) which shed in the range of 0.2% to 0.5% as well (read: Buy Europe Without Euro Risk With This New ETF ).
Needless to say, in a falling euro backdrop, hedged Europe ETFs turned out as winners as evidenced by the 0.6% gains offered by WisdomTree Europe Hedged Equity ETF ( HEDJ ). But some other areas of Europe investing should be closely watched if the ECB jumps on the bandwagon of QE movement like the U.S. and Japan have already implemented.
Normally, smaller companies pick up faster than the larger ones in a growing economy. Since these pint-sized securities usually focus more on the domestic market, these are less ruffled by international worries than their globally exposed larger counterparts. This is especially true as a pile of woes hit the global economy last year. In short, likely monetary easing and currency weakness would support European consumption which in turn may boost small cap ETFs.
Per CNBC , a sluggish euro will trigger purchases by the domestic consumers as they will have to pay less money for buying domestically manufactured goods than imported ones. Low oil prices should be another drive to spur consumer purchases. Investors should note that U.S. small-cap stock index Russell 2000 added about 85% return when the QE policy was underway. So, investors can expect the replication of the same trend on the European front.
Market Impact
Unlike VGK, small-cap ETF WisdomTree Europe SmallCap Dividend ETF (DFE) has added about 0.5%. Below, we highlight three ETFs that should be in focus if the QE is actually implemented.
DFE in Detail
This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. It is one of the popular funds in the European space with AUM of $698 million. The fund charges 58 bps in annual fees from investors.
The fund is heavy on industrials as this segment accounts for more than one-fourth of the portfolio while financials, information technology and consumer discretionary take the remainder. Among countries, United Kingdom (32.6%), Sweden (14.6%), Italy (9.5%) and Germany (8.7%) dominate the holdings list.
Heavy focus on some of the better-positioned nations like the U.K., Sweden and Germany is positive of the fund. Plus, a tilt toward dividends was the icing on the cake in a yield-starved continent.
The fund was down 1.62% in the last one month (the lowest loss in the space), but was up 0.8% in the last three months, indicating commendable performance in the pack of European ETF losers.
MSCI Germany Small Cap Index Fund (EWGS)
Germany has been a better-placed economy in the Euro bloc. Zew Economic Sentiment Index in Germany expanded for the second successive month to 34.90 in December of 2014 from 11.50 recorded last month and also surpassed analyst expectations. The number was even higher than Euro Area average of 31.80 and 18.40 touched in the U.K. (Read: 3 European ETFs Worth Considering on ECB Measures )
This gives EWGS - an ETF with $26.4 million under management - an edge over its other domestic cousins as well as broader Euro zone counterparts. The fund was up 4.44% in the last three month period - the second best show in the European pack, but lost about 2.4% in the last one month.
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CRYSHS-EURO TR (FXE): ETF Research Reports
VANGD-FTSE EUR (VGK): ETF Research Reports
SPDR-EU STX 50 (FEZ): ETF Research Reports
WISDMTR-I HE FD (HEDJ): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
ISHARS-MS GRMSC (EWGS): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DFE in Detail This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Market Impact Unlike VGK, small-cap ETF WisdomTree Europe SmallCap Dividend ETF (DFE) has added about 0.5%. Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports SPDR-EU STX 50 (FEZ): ETF Research Reports WISDMTR-I HE FD (HEDJ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS GRMSC (EWGS): ETF Research Reports To read this article on Zacks.com click here.
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Market Impact Unlike VGK, small-cap ETF WisdomTree Europe SmallCap Dividend ETF (DFE) has added about 0.5%. Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports SPDR-EU STX 50 (FEZ): ETF Research Reports WISDMTR-I HE FD (HEDJ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS GRMSC (EWGS): ETF Research Reports To read this article on Zacks.com click here. DFE in Detail This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index.
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Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports SPDR-EU STX 50 (FEZ): ETF Research Reports WISDMTR-I HE FD (HEDJ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS GRMSC (EWGS): ETF Research Reports To read this article on Zacks.com click here. Market Impact Unlike VGK, small-cap ETF WisdomTree Europe SmallCap Dividend ETF (DFE) has added about 0.5%. DFE in Detail This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index.
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Market Impact Unlike VGK, small-cap ETF WisdomTree Europe SmallCap Dividend ETF (DFE) has added about 0.5%. DFE in Detail This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Click to get this free report CRYSHS-EURO TR (FXE): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports SPDR-EU STX 50 (FEZ): ETF Research Reports WISDMTR-I HE FD (HEDJ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS GRMSC (EWGS): ETF Research Reports To read this article on Zacks.com click here.
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56a33879-7616-4dc8-ab60-17503b85adfa
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728742.0
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2014-10-31 00:00:00 UTC
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Inside the Surprising European ETFs Surge - ETF News And Commentary
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DFE
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https://www.nasdaq.com/articles/inside-surprising-european-etfs-surge-etf-news-and-commentary-2014-10-31
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nan
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nan
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European stocks have been badly beaten down over the past few months on looming concerns over the continent slipping into another recession. This sentiment seems to be reversing lately on a spate of positive news out of Europe.
This is especially true as the Stoxx Europe 600 index strongly rebounded from its 52-week low of $302.48 reached in mid October, climbing nearly double digits. Robust corporate earnings triggered most of the gains as the majority of European companies beat estimates in Q3. As per Reuters , net earnings for 36% of total market capitalization reported so far are up 7.1% on almost flat revenues with beat ratios of 67% and 59%, respectively.
Secondly, the latest Euro zone surveys suggest a spike in overall activity in Euro zone and a resultant improvement in its economy. Notably, economic sentiment here rose to 100.7 in October from an almost one-year low of 99.7 in September. The improvement was broad based with all the sectors, in particular retail, services, and construction, spreading optimism into the struggling economy. The PMI composite index also increased to 52.2 from 52.
While Euro zone is showing signs of revival, inflation fell to a 5-year low in September raising hopes of further stimulus measures from the European Central Bank (ECB) anytime soon. The ECB has acted twice this year against deflation fears to boost economic growth (read: 3 European ETFs Worth Considering on ECB Measures ).
In September, the bank launched a program to buy asset-backed securities and covered bond in addition to cutting interest rate. Now, the bank is planning to buy corporate bonds in the secondary debt markets to allow companies to access cheaper credit easily. This speculation also spread an air of optimism pushing the stocks higher.
Positive stress test results also spurred the rally. European banks emerged healthier with more than 80% proving their ability to endure another financial crisis or economic downturn. Moreover, better-than-expected growth in the U.S. economy cannot be discounted in our version on the uptrend in European shares.
Given this, several European ETFs have delivered handsome returns over the past 10 days. Below, we have highlighted four funds that target the broad European market rather than any specific region and have been the star performers gaining in over 6%. Any of these could be profitable plays in the tail end of the year (see: all the European ETFs here ).
WisdomTree Europe SmallCap Dividend Fund ( DFE )
This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. It is one of the popular funds in the European space with AUM of $835.8 million and average daily volume of around 372,000 shares. The fund charges 58 bps in annual fees from investors.
Holding 353 stocks in its basket, the product is widely diversified across a number of securities as none of these holds more than 1.85% of assets. However, the fund is heavy on industrials with more than one-fourth of the portfolio while financials, information technology and consumer discretionary collectively make up for another two-fifth share. Among countries, United Kingdom (32.7%), Sweden (13.9%), Italy (9.7%) and Germany (8.2%) dominate the holdings list.
Deutsche X-trackers MSCI Europe Hedged Equity ETF ( DBEU )
This fund offers exposure to 438 European stocks in the developed market while at the same time provides a hedge against any fall in the euro. This will be done by tracking the MSCI Europe US Dollar Hedged Index. DBEU is also well spread across a number of securities with each holding less than 2.9% share. United Kingdom takes the top spot at 28.5% while Switzerland, France and Germany round off to the next three spots.
From a sector look, financials account for the largest share at 23% closely followed by consumer staples (18.76%). Other sectors make up for a nice mix in the portfolio with a single-digit allocation. The fund has amassed $467.7 million in its asset base while trades in good average daily volume of more than 192,000 shares. Expense ratio came in at 0.45% (read: Buy these 2 Hedged Europe ETFs after ECB action ).
First Trust STOXX European Select Dividend Index Fund ( FDD )
This ETF follows the STOXX Europe Select Dividend 30 Index, providing exposure to high-dividend yielding companies across 18 European countries. In total, the fund holds 31 securities with the largest allocation going to Belgacom at 6.8%. Other firms account for less than 5.1% share. Here again, United Kingdom, Switzerland and France make up for the top three country holdings.
The fund is tilted toward financials at 41.1% while utilities, telecommunication services and energy account for double-digit allocation. The fund is rich in AUM of $156.2 million and sees good trading volume of around 146,000 shares per day. It charges 60 bps in annual fees and expenses.
iShares MSCI Europe Minimum Volatility ETF ( EUMV )
This fund has recently been introduced into the space and has accumulated $3.5 million within five months of its debut. It tracks the MSCI Europe Minimum Volatility Index giving exposure to 123 European stocks having lower volatility characteristics relative to the broader European developed equity markets. The product charges a bit cheaper fee of 25 bps a year while average daily volume is paltry at about 8,000 shares (read: Three Global Low Volatility ETFs Debut from iShares ).
Like many other funds in the space, the ETF provides higher diversification benefits with none of the securities making up for more than 10.81% of assets. Additionally, all the sectors make up for nice mix in the portfolio with financials, health care and consumer staples taking the top three spots. In term of country exposure, United Kingdom takes the largest share at 33.3%, followed by Switzerland (18.7%), Germany (10.2%) and France (10%).
Bottom Line
These products easily outperformed the broad European fund ( VGK ) in the recent weeks by wide margins, suggesting a positive shift in the momentum of the European outlook as we approach the end of this year.
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WISDMTR-EU SC D (DFE): ETF Research Reports
DEUTS-XT MS EUR (DBEU): ETF Research Reports
FT-STX EURO SEL (FDD): ETF Research Reports
ISHARS-MS EU MV (EUMV): ETF Research Reports
VANGD-FTSE EUR (VGK): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe SmallCap Dividend Fund ( DFE ) This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Click to get this free report WISDMTR-EU SC D (DFE): ETF Research Reports DEUTS-XT MS EUR (DBEU): ETF Research Reports FT-STX EURO SEL (FDD): ETF Research Reports ISHARS-MS EU MV (EUMV): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports To read this article on Zacks.com click here. While Euro zone is showing signs of revival, inflation fell to a 5-year low in September raising hopes of further stimulus measures from the European Central Bank (ECB) anytime soon.
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Click to get this free report WISDMTR-EU SC D (DFE): ETF Research Reports DEUTS-XT MS EUR (DBEU): ETF Research Reports FT-STX EURO SEL (FDD): ETF Research Reports ISHARS-MS EU MV (EUMV): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Europe SmallCap Dividend Fund ( DFE ) This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Deutsche X-trackers MSCI Europe Hedged Equity ETF ( DBEU ) This fund offers exposure to 438 European stocks in the developed market while at the same time provides a hedge against any fall in the euro.
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WisdomTree Europe SmallCap Dividend Fund ( DFE ) This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Click to get this free report WISDMTR-EU SC D (DFE): ETF Research Reports DEUTS-XT MS EUR (DBEU): ETF Research Reports FT-STX EURO SEL (FDD): ETF Research Reports ISHARS-MS EU MV (EUMV): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports To read this article on Zacks.com click here. First Trust STOXX European Select Dividend Index Fund ( FDD ) This ETF follows the STOXX Europe Select Dividend 30 Index, providing exposure to high-dividend yielding companies across 18 European countries.
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WisdomTree Europe SmallCap Dividend Fund ( DFE ) This ETF provides exposure to the small cap segment of the European dividend-paying market by tracking the WisdomTree Europe SmallCap Dividend Index. Click to get this free report WISDMTR-EU SC D (DFE): ETF Research Reports DEUTS-XT MS EUR (DBEU): ETF Research Reports FT-STX EURO SEL (FDD): ETF Research Reports ISHARS-MS EU MV (EUMV): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports To read this article on Zacks.com click here. The ECB has acted twice this year against deflation fears to boost economic growth (read: 3 European ETFs Worth Considering on ECB Measures ).
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dfd611c0-05bb-4277-91e7-13900510f675
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728743.0
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2014-09-04 00:00:00 UTC
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ECB Decision Boosts ETFs
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DFE
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https://www.nasdaq.com/articles/ecb-decision-boosts-etfs-2014-09-04
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nan
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nan
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The European Central Bank unexpectedly cut interest rates and introduced a new bond-buying program to stimulate the European economy. The news sent stocks in Europe higher, and the bullish sentiment spread across the pond to the U.S. stock market.
The move included cutting on three key interest rates by 10 basis point each. The rate on deposit facility is now a negative 0.2 percent.
Related Link: 2 Transportation ETFs Breakout
The European stock market as a whole has greatly underperformed other regions around the world in the last few months, as fears of a recession have increased. The move by the ECB is seen as a positive for stocks and a negative for the Euro, which fell to the lowest level since July 2013 versus the U.S. dollar.
The pullback from highs set earlier this year combined with the most recent move by the ECB could be the perfect storm for the European equity ETFs. There are numerous ways to play a European stock market rally, and a few of the biggest and broadest could be the best way to take advantage of a continent-wide stock market rally.
iShares Europe ETF
The iShares Europe ETF (NYSE: IEV ) tracks 354 European securities across 11 sectors in 14 countries. The top three holdings of the fund include 2.9 percent Novartis AG, 2.9 percent Nestle SA and 2.4 percent Roche Holdings AG, all of which are Switzerland-based companies. IEV has performed well over the last 12 months, up 12.6 percent, but down 2.3 percent over the last half year. However, IEV is showing a favorable chart as of late and is responding well to the most recent news from the ECB.
Vanguard FTSE Europe Fund ETF
The Vanguard FTSE Europe Fund ETF (NYSE: VGK ) follows 515 European securities across 11 sectors, making it one of the most diverse European ETFs. Its top three holdings include three percent Royal Dutch Shell plc, 2.6 percent Nestle SA and 2.3 percent HSBC Holdings plc. VGK is up 11.7 percent on the last 12 months, but is down 2.8 percent over the last six.
iShares MSCI EMU ETF
The iShares MSCI EMU ETF consists of 244 European securities across eight countries, with France and Germany accounting for a total of 60 percent. The top three individual holdings for the fund are 3.5 percent Total SA, 3.2 percent Sanofi SA and 3.0 percent Banco Santander SA. EZU has gained 14.8 percent growth over the last 12 months, but much like other European ETFs, has struggled the last six months and is down 2.9 percent.
Wisdom Tree Small Cap Dividend Fund ETF
The Wisdom Tree Small Cap Dividend Fund ETF tracks 342 European securities in 15 different countries, with the United Kingdom being the most weighted at 32 percent, followed by Sweden at 13 percent. The top three holdings of the fund are Drillisch AG with 1.9 percent, Cofinimmo with 1.6 percent and ERG SpA with 1.4 percent. DFE has performed the best out of these four ETFs, up 17.8 percent over the last 12 months, but has performed the worst over the last six, down 9.5 percent.
The concentration on small-cap stocks typically will offer a higher beta, which will lead to market outperformance in bull markets and bigger losses when stocks fall.
The four listed above give investors a solid starting point when looking to gain exposure to Western Europe. With the ECB on the side of investors, the outlook appears to be one set for higher equity prices.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DFE has performed the best out of these four ETFs, up 17.8 percent over the last 12 months, but has performed the worst over the last six, down 9.5 percent. Related Link: 2 Transportation ETFs Breakout The European stock market as a whole has greatly underperformed other regions around the world in the last few months, as fears of a recession have increased. The move by the ECB is seen as a positive for stocks and a negative for the Euro, which fell to the lowest level since July 2013 versus the U.S. dollar.
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DFE has performed the best out of these four ETFs, up 17.8 percent over the last 12 months, but has performed the worst over the last six, down 9.5 percent. iShares Europe ETF The iShares Europe ETF (NYSE: IEV ) tracks 354 European securities across 11 sectors in 14 countries. Vanguard FTSE Europe Fund ETF The Vanguard FTSE Europe Fund ETF (NYSE: VGK ) follows 515 European securities across 11 sectors, making it one of the most diverse European ETFs.
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DFE has performed the best out of these four ETFs, up 17.8 percent over the last 12 months, but has performed the worst over the last six, down 9.5 percent. The top three holdings of the fund include 2.9 percent Novartis AG, 2.9 percent Nestle SA and 2.4 percent Roche Holdings AG, all of which are Switzerland-based companies. Vanguard FTSE Europe Fund ETF The Vanguard FTSE Europe Fund ETF (NYSE: VGK ) follows 515 European securities across 11 sectors, making it one of the most diverse European ETFs.
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DFE has performed the best out of these four ETFs, up 17.8 percent over the last 12 months, but has performed the worst over the last six, down 9.5 percent. IEV has performed well over the last 12 months, up 12.6 percent, but down 2.3 percent over the last half year. VGK is up 11.7 percent on the last 12 months, but is down 2.8 percent over the last six.
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2014-06-11 00:00:00 UTC
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SPDR Launches European Small Cap ETF: SMEZ - ETF News And Commentary
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https://www.nasdaq.com/articles/spdr-launches-european-small-cap-etf%3A-smez-etf-news-and-commentary-2014-06-11
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State Street, which already has a comprehensive list of more than ten dozen products, has been continuously looking to gain market share in the ETF industry.
The issuer has launched as many as eight new ETFs this year, including the recently launched trio - SPDR MSCI EAFE Quality Mix ETF , SPDR MSCI Emerging Markets Quality Mix ETF and SPDR MSCI World Quality Mix ETF.
Along with these releases, on June 5, the issuer also launched another product -
SPDR STOXX Small Cap ETF. Trading under the ticker SMEZ, the ETF gives exposure to the European equities space (read: Three Quality ETF Launches from State Street ).
SMEZ in Focus
The fund seeks to provide exposure to small companies across the Euro zone by tracking the performance of the EURO STOXX Small Index.
This strategy results in the fund holding 96 stocks in its basket, which are quite well diversified across the portfolio. The top 10 holdings form roughly 17.1% of total assets, with just 2.1% allocated to the top fund holding - Deutsche Wohnen AG. Peugeot SA, Eiffage SA and Bankinter SA are some of the other top holdings of the fund.
However, there seems to be some sector concentration in the fund as the top three sectors - Financials, Consumer Discretionary and Industrials - alone occupy two-thirds of total fund assets. Energy and Utility have the lowest allocations in the fund.
While Germany and France have roughly 25% allocation each in the fund, Italy occupies 11.4% and Spain has 9.25%. The fund charges 45 basis points as fees making it a relatively middle of the road product in terms of costs (read: Hot Euro Zone ETFs for Summer ).
How Does It Fit in the Portfolio?
The newly launched ETF can be a good choice for investors looking to gain exposure to the small cap companies within the Euro zone. This is especially true given that small cap companies are closely tied to the European economy and generate the majority of their revenues from the domestic market. Moreover, they pick up faster than their larger counterparts in a growing economy.
The European central bank has recently reduced interest rates and has announced several other banking measures to support Euro zone's economic recovery (read: Negative Interest Rates Put These European ETFs in Focus ).
These measures are expected to spur bank lending and battle low inflation within the Euro zone. Moreover, some economists expect Euro zone activity to gradually improve going forward after growing at a modest pace of 0.2% over the previous quarter.
"As Europe's economy recovers from a double-dip recession that began in 2008, investors are growing more optimistic about the growth potential of European equities," said James Ross, executive vice president and global head of SPDR Exchange Traded Funds at State Street Global Advisors.
ETF Competition
The broad European equities fund is crowded with a number of ETFs such as Vanguard FTSE Europe ETF ( VGK ), SPDR Euro Stoxx 50 ETF ( FEZ ), iShares MSCI EMU ETF ( EZU ) and iShares Europe ETF ( IEV ) (see all the European Equity ETFs here ).
The newly launched fund is likely to face competition particularly from WisdomTree Europe SmallCap Dividend Fund ( DFE ) - the first ETF solely focused on the performance of European small cap companies.
DFE tracks the WisdomTree Europe SmallCap Dividend Index, a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market. The fund focuses more on sectors like Industrials, Financials and Consumer Discretionary and is quite popular with an asset base of more than $1.5 billion.
However, the fund, unlike SMEZ, holds a much larger basket of 246 stocks. Even for country allocations, DFE takes a different approach, focusing more on countries outside the Euro zone. U.K. occupies the top spot here, followed by Sweden and Italy. Moreover, Germany and France together form just 12% of fund assets as compared to a total of 50% allocation to these countries in the newly launched product from State Street.
However, the newly launched fund is slightly cheaper than DFE - which charges 58 basis points as fees. Thus, the fund will certainly gain interest among investors specifically looking for cheaper products. Ultimately, time will decide which of these two funds, SMEZ or DFE, becomes the dominant player in this increasingly important space.
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SPDR-EU STX SC (SMEZ): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
ISHARS-EURO (IEV): ETF Research Reports
SPDR-EU STX 50 (FEZ): ETF Research Reports
VANGD-FTSE EUR (VGK): ETF Research Reports
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The newly launched fund is likely to face competition particularly from WisdomTree Europe SmallCap Dividend Fund ( DFE ) - the first ETF solely focused on the performance of European small cap companies. DFE tracks the WisdomTree Europe SmallCap Dividend Index, a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market. Even for country allocations, DFE takes a different approach, focusing more on countries outside the Euro zone.
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Click to get this free report SPDR-EU STX SC (SMEZ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-EURO (IEV): ETF Research Reports SPDR-EU STX 50 (FEZ): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports To read this article on Zacks.com click here. The newly launched fund is likely to face competition particularly from WisdomTree Europe SmallCap Dividend Fund ( DFE ) - the first ETF solely focused on the performance of European small cap companies. DFE tracks the WisdomTree Europe SmallCap Dividend Index, a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market.
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Click to get this free report SPDR-EU STX SC (SMEZ): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-EURO (IEV): ETF Research Reports SPDR-EU STX 50 (FEZ): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports To read this article on Zacks.com click here. The newly launched fund is likely to face competition particularly from WisdomTree Europe SmallCap Dividend Fund ( DFE ) - the first ETF solely focused on the performance of European small cap companies. DFE tracks the WisdomTree Europe SmallCap Dividend Index, a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market.
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The newly launched fund is likely to face competition particularly from WisdomTree Europe SmallCap Dividend Fund ( DFE ) - the first ETF solely focused on the performance of European small cap companies. DFE tracks the WisdomTree Europe SmallCap Dividend Index, a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market. Even for country allocations, DFE takes a different approach, focusing more on countries outside the Euro zone.
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2014-05-05 00:00:00 UTC
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Europe ETFs Show Convincing Strength
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https://www.nasdaq.com/articles/europe-etfs-show-convincing-strength-2014-05-05
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With so much hoopla surrounding U.S. stocks and individual sectors, not everyone has noticed that many developed foreign markets have been quietly inching higher this year.
The European reflation trade has continued to gain steam amid improving economic data and attractive corporate valuations.
The Vanguard European ETF (NYSE: VGK ) hit new highs this past week as Euro-zone factory data came in better than expected. VGK tracks 518 stocks in developed foreign markets.
The United Kingdom, France, and Germany are the primary country weightings in this fund.
Related: Silver ETFs Face Critical Test Of Support
So far this year, VGK has gained 4.19 percent versus 2.40 percent for the SPDR S&P 500 ETF (NYSE: SPY ). The chart below shows just how strong the trend has been for Europe over the last 12 months.
With investors seemingly focused on value opportunities, overseas dividend paying stocks have also been quite desirable. The iShares International Select Dividend ETF (NYSE: IDV ) holds a portfolio of 100 high-quality developed market stocks with high dividend yields over time.
This ETF is primarily made up of European companies with some Australian stocks thrown into the mix. The current yield of IDV is 4.28 percent and the fund has over $3.7 billion in total assets.
Many of these international companies are known for much higher dividend yields than their domestic peers, which may make them more attractive for income seekers. As with most dividend equity ETFs, income from IDV is paid on a quarterly basis.
Investors seeking small cap exposure may want to also consider the WisdomTree European Small Cap Dividend Fund (NYSE: DFE ) as well. Small cap stocks tend to be more economically sensitive to changes in fundamental data. That may translate into greater earnings growth if the recovery continues.
Moving forward, the pace of European equities will likely be governed by any additional accommodative action by the European Central Bank , along with further positive signs of economic activity. The most notable and immediate threat to this strength is the Ukraine situation, which has yet to be resolved in a peaceful manner.
ETF investors have a plethora of options at their disposal to take advantage of the European continent and any further upside it may provide.
Disclosure: The author currently holds IDV and DFE in his portfolio.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors seeking small cap exposure may want to also consider the WisdomTree European Small Cap Dividend Fund (NYSE: DFE ) as well. Disclosure: The author currently holds IDV and DFE in his portfolio. With so much hoopla surrounding U.S. stocks and individual sectors, not everyone has noticed that many developed foreign markets have been quietly inching higher this year.
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Investors seeking small cap exposure may want to also consider the WisdomTree European Small Cap Dividend Fund (NYSE: DFE ) as well. Disclosure: The author currently holds IDV and DFE in his portfolio. The iShares International Select Dividend ETF (NYSE: IDV ) holds a portfolio of 100 high-quality developed market stocks with high dividend yields over time.
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Investors seeking small cap exposure may want to also consider the WisdomTree European Small Cap Dividend Fund (NYSE: DFE ) as well. Disclosure: The author currently holds IDV and DFE in his portfolio. Related: Silver ETFs Face Critical Test Of Support So far this year, VGK has gained 4.19 percent versus 2.40 percent for the SPDR S&P 500 ETF (NYSE: SPY ).
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Investors seeking small cap exposure may want to also consider the WisdomTree European Small Cap Dividend Fund (NYSE: DFE ) as well. Disclosure: The author currently holds IDV and DFE in his portfolio. The United Kingdom, France, and Germany are the primary country weightings in this fund.
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2014-04-11 00:00:00 UTC
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5 Key Strategies for ETF Growth Investors
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https://www.nasdaq.com/articles/5-key-strategies-etf-growth-investors-2014-04-11
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Growth investors have benefitted from the resiliency of stocks for quite some time now. The SPDR S&P 500 ETF (SPY) has traded above its 200-day moving average for 16 straight months and nearly every modest dip is bought with gusto. However, many investors are starting to notice swirling currents beneath the surface that threaten to change the path to profits moving forward.
In 2013 the hot tickets were small cap stocks, biotechnology companies, and solar names which all produced market-beating returns. However, the market leadership has changed dramatically in just the first three months of 2014. We are starting to see a confirmed shift to defensive areas of the market that has altered sector momentum and may perhaps even lead to more volatility.
Fortunately, there are a number of key strategies you can employ that will allow you to get out ahead of this near-term volatility and thrive as a result.
1. Value beating growth
Last year investors all focused on growth stocks that were posting fantastic gains despite valuations becoming stretched. However, the shift in strength this year has led to considerable outperformance in value stocks. The chart below shows how the iShares S&P 500 Value ETF (IVE) has begun to pick up momentum versus its counterpart in the iShares S&P 500 Growth ETF (IVW).
IVE:IVW
This move is characteristic of a shift to stalwart dividend paying companies such as utilities, telecommunications, and even large-cap technology firms with cash-rich balance sheets. My favorite ETF to play this value opportunity is through the First Trust NASDAQ Technology Dividend ETF (TDIV). This ETF is chocked full of technology and telecommunication stocks with large cash positions, mature business models, and established dividend histories.
TDIV just recently made new highs this year and is continuing to show signs that the upward trajectory is firmly in place. If institutional investors continue to reposition their portfolios to take advantage of value stocks this year, I expect this ETF will benefit from that shift.
2. Consider alternative asset classes for diversification
Another sector that has been the beneficiary of repositioning this year is REITs. The Vanguard REIT ETF (VNQ) is in the top five ETFs for new asset inflows in 2014 with nearly $2 billion. VNQ has gained over 11% to start the year and pays a 30-day SEC yield of 3.63%. This sector has been buoyed by lower interest rates, has continued to show strong relative momentum, and has been largely unaffected by broader equity volatility this year.
I consider REITs to be an alternative asset class because their returns are often times non-correlated with traditional stock market indices. They may offer an opportunity for additional growth and income this year in the context of a diversified portfolio. One of the advantages of VNQ over other ETFs in this sector is that it charges a miserly expense ratio of just 0.10%. That should please even the most fee-sensitive investor who is looking to gain exposure to a basket of publicly traded real estate companies.
3. Go International For Small Cap Exposure
Europe has continued to attract additional ETF assets and one of my favorite opportunities overseas is the WisdomTree Europe Small Cap Dividend Fund (DFE). This ETF gives you exposure to 250 smaller companies in foreign developed markets that are weighted according to their cash dividend payouts. This fundamental index approach has enabled DFE to capture over $1.5 billion in total assets and so far this year the fund has gained more than 8%.
European markets have not experienced the same shifting tides that the U.S. has this year and I think that DFE still has additional room to run on the upside if economic conditions remain favorable. Overseas diversification can be an excellent way to gain tactical exposure to opportunities that you may have otherwise overlooked.
4. Use volatility to your advantage
Some people are intimidated by volatility in stocks and fear a correction will wipe out their gains. However, I would challenge you to look at volatility as an opportunity to reposition your portfolio for success.
Use it to your advantage by taking inventory of your positions, cost basis, and risk tolerance. Once you have identified areas of strength and weakness, you can make strategic or incremental shifts to align your portfolio with the current market themes. That may include pairing back on high beta stocks or funds and shifting to more defensive sectors.
Freeing up cash and having some dry powder on hand can be an excellent way to take advantage of new opportunities if stock prices ultimately go lower.
5. Define your risk
One of my core tenets of portfolio management is that risk must be defined. To do that I always place a sell discipline on every position that I enter so I know where to exit if my thesis does not pan out. Everyone is going to make mistakes or enter an ill-timed trade at some point in their lifetime. The one thing you don’t want to do is let a bad trade turn into a bad investment that languishes in your portfolio and weighs on your returns.
One of the benefits of using an ETF over a mutual fund is that you can place a trailing stop loss on the position that moves higher as the price increases over time. That way you have a floor in place in case the tide turns against you and are prepared for any unforeseen volatility.
Bottom Line
As always, the market is continuing to offer up changing dynamics and subtle clues that can be interpreted a number of ways. The one thing I would stress this year is to not get too bullish or bearish as conditions change. There will be a number of opportunities to adapt and prosper if you have a flexible mindset that takes into account both sides of the trade.
If you are an income investor or searching for additional dividend themes, you may benefit from this recent strategy missive as well.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Go International For Small Cap Exposure Europe has continued to attract additional ETF assets and one of my favorite opportunities overseas is the WisdomTree Europe Small Cap Dividend Fund (DFE). This fundamental index approach has enabled DFE to capture over $1.5 billion in total assets and so far this year the fund has gained more than 8%. European markets have not experienced the same shifting tides that the U.S. has this year and I think that DFE still has additional room to run on the upside if economic conditions remain favorable.
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Go International For Small Cap Exposure Europe has continued to attract additional ETF assets and one of my favorite opportunities overseas is the WisdomTree Europe Small Cap Dividend Fund (DFE). This fundamental index approach has enabled DFE to capture over $1.5 billion in total assets and so far this year the fund has gained more than 8%. European markets have not experienced the same shifting tides that the U.S. has this year and I think that DFE still has additional room to run on the upside if economic conditions remain favorable.
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Go International For Small Cap Exposure Europe has continued to attract additional ETF assets and one of my favorite opportunities overseas is the WisdomTree Europe Small Cap Dividend Fund (DFE). This fundamental index approach has enabled DFE to capture over $1.5 billion in total assets and so far this year the fund has gained more than 8%. European markets have not experienced the same shifting tides that the U.S. has this year and I think that DFE still has additional room to run on the upside if economic conditions remain favorable.
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Go International For Small Cap Exposure Europe has continued to attract additional ETF assets and one of my favorite opportunities overseas is the WisdomTree Europe Small Cap Dividend Fund (DFE). This fundamental index approach has enabled DFE to capture over $1.5 billion in total assets and so far this year the fund has gained more than 8%. European markets have not experienced the same shifting tides that the U.S. has this year and I think that DFE still has additional room to run on the upside if economic conditions remain favorable.
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2014-03-06 00:00:00 UTC
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ETF Talk: WisdomTree Grows Portfolios with Dividends
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https://www.nasdaq.com/articles/etf-talk-wisdomtree-grows-portfolios-dividends-2014-03-06
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We continue our examination of various exchange-traded fund (ETF) providers today by taking a look at WisdomTree. WisdomTree entered the ETF market in 2006 and is currently the fifth-largest provider of ETFs, with 62 funds.
WisdomTree’s unique value to investors is that it offers an alternative method for weighting its funds. Many ETFs follow a market-capitalization strategy, i.e. the proportion that a fund holds of its various equities reflects the ratio of those equities to each other in the stock market.
Instead of weighting its investments that way, WisdomTree looks at fundamentals in constructing its funds. WisdomTree offers two proprietary weighting systems: the Earning Stream method and the Dividend stream method. The company’s analysts have taken note, as have we, that higher and more consistent dividends are an objective indication of companies that give higher returns.
One such fund is the WisdomTree Europe SmallCap Dividend Fund (DFE). This fund has managed to retain value in the first two tumultuous months of 2014, with a year-to-date return of 0.22%. Last year’s performance featured a market-beating 40.85% return. For investors interested in additional income, the current yield is 2.39%.
In addition to equity ETFs, WisdomTree features alternative investments and currency ETFs, offering global diversity for your portfolio.
If you’re interested in investing with a focus on fundamentals, as opposed to the tumultuous fashions of stock prices, WisdomTree offers you that chance in the transparent and economical form of ETFs.
If you want my advice about buying and selling specific ETFs, including appropriate stop losses, please consider subscribing to my Successful Investing newsletter. As always, I am happy to answer any of your questions about ETFs, so do not hesitate to send me an e-mail. You just may see your question answered in a future ETF Talk.
In case you missed them, I encourage you to read my articles from previous weeks on Eagle Daily Investor about ETF providers First Trust, ProShares, Vanguard, iShares and State Street. I also invite you to share your thoughts below my Eagle Daily Investor commentary.
Best,
Doug Fabian
Doug Fabian has continued to uphold the reputation of the Successful Investing newsletter as the #1 risk-adjusted market timer as ranked by Hulbert’s Investment Digest.
You’re Playing this Rigged Game (You Just Don’t Know It)
You couldn’t possibly know this, but a hidden game has been in charge of America’s stock market since the mid-90s. In fact, it’s what really caused the Dow crashes of 2002 and 2008. On one side of the game are Washington and Wall Street. On the other side are 112 million oblivious American stock investors.
Now here’s the thing… every sixth year, The Street’s biggest wolves end the game on their terms, collecting trillions of dollars from unsuspecting investors in the process. Another major crash is coming this year, but this presentation reveals how you could double your money as it happens. Click here now to not just continue to play this game… but win it.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One such fund is the WisdomTree Europe SmallCap Dividend Fund (DFE). If you’re interested in investing with a focus on fundamentals, as opposed to the tumultuous fashions of stock prices, WisdomTree offers you that chance in the transparent and economical form of ETFs. In case you missed them, I encourage you to read my articles from previous weeks on Eagle Daily Investor about ETF providers First Trust, ProShares, Vanguard, iShares and State Street.
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One such fund is the WisdomTree Europe SmallCap Dividend Fund (DFE). WisdomTree offers two proprietary weighting systems: the Earning Stream method and the Dividend stream method. In addition to equity ETFs, WisdomTree features alternative investments and currency ETFs, offering global diversity for your portfolio.
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One such fund is the WisdomTree Europe SmallCap Dividend Fund (DFE). WisdomTree entered the ETF market in 2006 and is currently the fifth-largest provider of ETFs, with 62 funds. In addition to equity ETFs, WisdomTree features alternative investments and currency ETFs, offering global diversity for your portfolio.
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One such fund is the WisdomTree Europe SmallCap Dividend Fund (DFE). WisdomTree entered the ETF market in 2006 and is currently the fifth-largest provider of ETFs, with 62 funds. In addition to equity ETFs, WisdomTree features alternative investments and currency ETFs, offering global diversity for your portfolio.
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2014-02-28 00:00:00 UTC
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WisdomTree Plans Europe and Japan Dividend ETFs - ETF News And Commentary
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https://www.nasdaq.com/articles/wisdomtree-plans-europe-and-japan-dividend-etfs-etf-news-and-commentary-2014-02-28
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Designing dividend ETFs has become a forte of WisdomTree. The issuer has a nice line-up of dividend weighted ETFs in which securities tend to focus on cash dividends.
Most recently, WisdomTree filed for two passively managed ETFs, one in the European equities space and the other in Japan. The duo also treats dividend growth as a prime condition for stock selection.
Proposed Dividend Funds in Focus
WisdomTree Europe Dividend Growth Fund and WisdomTree Japan Hedged Dividend Growth Fund look to rest on their respective geographies with the same dividend investing proposition.
The proposed Europe ETF will be tracking the WisdomTree Europe Dividend Growth Index holding 300 stocks that have the best fundamental factors like long-term earnings growth expectations, ROE, and ROA and high chances of dividend increases. In fact, the companies paying higher dollar amounts of dividends are weighted more heavily.
Geographically, the index is exposed to 15 countries namely, Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland or the United Kingdom
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It should also be noted that the maximum weight of any stock is limited to 5% and maximum exposure of any sector or country is restricted at 20%, so there looks to be a solid level of diversification and a broader play in the Europe equities' space.
The Japan ETF will be seeking to match the WisdomTree Japan Hedged Dividend Growth Index. At the same time, the planned Japan ETF intends to provide a hedge against currency fluctuations.
The index will give exposure to 300 stocks domiciled in Japan or listed on the Tokyo or Jasdaq stock exchanges. This index also follows the rule of maximum weight restriction as does the Europe index (read: Is Another Great Year Ahead for Japan ETFs? ).
In terms of the currency hedge, the fund looks to enter into forward currency contracts or futures designed to partially make up for exposure to the Japanese yen. With this strategy, the fund looks to outperform when the yen is sliding, and underperform unhedged benchmarks when the situation reverses (read: Japanese Yen ETF Investing 101 ).
How Does it Fit in the Portfolio?
These proposed products could be interesting picks for yield-starved investors. High quality dividend stocks and ETFs are better options for investors seeking yields in the current environment of rock-bottom interest rates prevailing in Japan and Europe.
Normally, most dividend paying companies are stable, mature companies making these investments good vehicles for greater stability and safety in a volatile environment. Also, the extra fundamental factors like better long-term growth rates, ROE and ROA will help investors get a better selection of stocks in these ETFs.
Also, currency hedging, especially for the Japan fund, appears to be a good strategy when the Fed has started tapering its bond repurchases and Japan has kept its stimulus intact. This will likely make the yen weaker than the greenback, spurring the need for yen hedging (read: Inside the New Currency Hedged ETFs from iShares ).
ETF Competition
The proposed ETFs do not have any direct competitor due to their unique strategy. However, two dividend products - WisdomTree Europe SmallCap Dividend Fund ( DFE ) and STOXX European Select Dividend Index Fund ( FDD ) - could provide some competition to the proposed ETF in the Europe space. FDD and DFE yield 3.51% and 2.25% respectively (as of February 25, 2014).
WisdomTree's own fund DFE consists of the companies that make up the bottom 25% of the market capitalization of the WisdomTree Europe Dividend Index after the 300 largest companies have been taken away (read: Is This a Better Europe ETF? ).
On the other hand, the First Trust fund FDD tracks an index that consists of 30 highest dividend-yielding securities across 18 European countries selected from the Dow Jones STOXX 600 Index. DFE and FDD charge 58 and 60 bps in fees, respectively.
Coming to Japan ETFs, the proposed fund will likely vie with its other WisdomTree cousins like Japan Hedged Equity Fund ( DXJ ) and Japan Small-Cap Fund ( DFJ ). The dividend yield of DXJ and DFJ presently stand at 2.59% and 2.24% (as of February 25, 2014). The ultra-popular DFJ charges 48 bps in fees while DFJ charges a slightly higher expense ratio of 58 bps.
Given this, the planned funds could be competitive, and especially so for investors seeking a dividend tilt in Japan. The European market appears to be dicey, but with some solid levels of outperformance, the proposed WisdomTree fund in this market could compete too, should it pass regulatory hurdles.
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WISDMTR-EU SC D (DFE): ETF Research Reports
WISDMTR-JP SC D (DFJ): ETF Research Reports
WISDMTR-J HEF (DXJ): ETF Research Reports
FT-STX EURO SEL (FDD): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, two dividend products - WisdomTree Europe SmallCap Dividend Fund ( DFE ) and STOXX European Select Dividend Index Fund ( FDD ) - could provide some competition to the proposed ETF in the Europe space. FDD and DFE yield 3.51% and 2.25% respectively (as of February 25, 2014). WisdomTree's own fund DFE consists of the companies that make up the bottom 25% of the market capitalization of the WisdomTree Europe Dividend Index after the 300 largest companies have been taken away (read: Is This a Better Europe ETF?
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However, two dividend products - WisdomTree Europe SmallCap Dividend Fund ( DFE ) and STOXX European Select Dividend Index Fund ( FDD ) - could provide some competition to the proposed ETF in the Europe space. Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports WISDMTR-JP SC D (DFJ): ETF Research Reports WISDMTR-J HEF (DXJ): ETF Research Reports FT-STX EURO SEL (FDD): ETF Research Reports To read this article on Zacks.com click here. FDD and DFE yield 3.51% and 2.25% respectively (as of February 25, 2014).
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However, two dividend products - WisdomTree Europe SmallCap Dividend Fund ( DFE ) and STOXX European Select Dividend Index Fund ( FDD ) - could provide some competition to the proposed ETF in the Europe space. Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports WISDMTR-JP SC D (DFJ): ETF Research Reports WISDMTR-J HEF (DXJ): ETF Research Reports FT-STX EURO SEL (FDD): ETF Research Reports To read this article on Zacks.com click here. FDD and DFE yield 3.51% and 2.25% respectively (as of February 25, 2014).
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However, two dividend products - WisdomTree Europe SmallCap Dividend Fund ( DFE ) and STOXX European Select Dividend Index Fund ( FDD ) - could provide some competition to the proposed ETF in the Europe space. WisdomTree's own fund DFE consists of the companies that make up the bottom 25% of the market capitalization of the WisdomTree Europe Dividend Index after the 300 largest companies have been taken away (read: Is This a Better Europe ETF? FDD and DFE yield 3.51% and 2.25% respectively (as of February 25, 2014).
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728749.0
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2014-01-23 00:00:00 UTC
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ETFs That Avoided Thursday's Sell-Off (DFE, SKYY, SPFF, EWP)
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DFE
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https://www.nasdaq.com/articles/etfs-avoided-thursdays-sell-dfe-skyy-spff-ewp-2014-01-23
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At midday, all three major U.S. stock indices were lower by at least one percent.
The combination of subpar earnings, weak economic numbers, and negative news from China were all lending to the big selling. Other than the precious metal stocks, there was not one major sector in the green for the day. In other words it was difficult to find ETFs that were not trading lower.
Difficult, but not impossible.
Today's Winners
The WisdomTree Europe Small Cap Dividend ETF (NYSE: DFE ) was slightly higher after being up as much as one percent in early trading. The diverse small cap ETF has its most exposure to the U.K., Sweden, and Italy.
With a better than expected Eurozone manufacturing number this morning, it has helped the stocks across the pond out perform. The early morning rally in the ETF has it within a few pennies of a new six-year high. Over the last twelve months the ETF is up 39 percent.
See also: What Spooked The Market?
The First Trust ISE Cloud Computing ETF (NYSE: SKYY ) was also trading with a small gain at midday as it was able to distance itself from the market wide selling in technology stocks. A big move in one of the ETFs top five holdings was the catalyst for the relative strength today. F5 Networks (NASDAQ: FFIV ) was up over 10 percent at one point in the early morning trading, hitting a new 52-week high.
The Global X SuperIncome Preferred ETF (NYSE: SPFF ) was up a couple pennies on the day. The ETF is built for investors that are seeking income as the daily movements are minimal. A portfolio of 50 of the highest yielding preferred stocks in the U.S. and Canada make up the ETF that currently yield 7.0 percent.
The ETF is at the same level it was seven months ago and in essence if the ETF continues to move sideways it will generate a 7 percent return annually in dividend payments. SPFF is the type of investment that works well as a hedge against market sell-offs and lowers overall risk of a portfolio.
The top performing single-country ETF today is the iShares MSCI Spain ETF (NYSE: EWP ). The country reported its second straight quarter of GDP growth with a gain of 0.3 percent in the fourth quarter. While Spain is officially out of recession, the country is still dealing with an unemployment rate of 26 percent. But the good news out of the Eurozone and the GDP were enough to attract buyers on a bearish day for the global stock markets. The chart for EWP is bullish and if it continues to hold support at $39, the short-term uptrend remains intact.
(c) 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Today's Winners The WisdomTree Europe Small Cap Dividend ETF (NYSE: DFE ) was slightly higher after being up as much as one percent in early trading. The combination of subpar earnings, weak economic numbers, and negative news from China were all lending to the big selling. The First Trust ISE Cloud Computing ETF (NYSE: SKYY ) was also trading with a small gain at midday as it was able to distance itself from the market wide selling in technology stocks.
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Today's Winners The WisdomTree Europe Small Cap Dividend ETF (NYSE: DFE ) was slightly higher after being up as much as one percent in early trading. The top performing single-country ETF today is the iShares MSCI Spain ETF (NYSE: EWP ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Today's Winners The WisdomTree Europe Small Cap Dividend ETF (NYSE: DFE ) was slightly higher after being up as much as one percent in early trading. The ETF is at the same level it was seven months ago and in essence if the ETF continues to move sideways it will generate a 7 percent return annually in dividend payments. The top performing single-country ETF today is the iShares MSCI Spain ETF (NYSE: EWP ).
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Today's Winners The WisdomTree Europe Small Cap Dividend ETF (NYSE: DFE ) was slightly higher after being up as much as one percent in early trading. SPFF is the type of investment that works well as a hedge against market sell-offs and lowers overall risk of a portfolio. The top performing single-country ETF today is the iShares MSCI Spain ETF (NYSE: EWP ).
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2013-12-05 00:00:00 UTC
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More Reasons To Buy Europe
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DFE
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https://www.nasdaq.com/articles/more-reasons-buy-europe-2013-12-05
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nan
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nan
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By Cam Hui :
Further to my last post that made the case for buying European small cap stocks (see How to stretch the Santa Claus rally into 2014 ), I came across further analysis supportive of my bull case for Europe and European small cap stocks.
Firstly, John Mauldin's Outside the Box publication this week highlighted Niels Jensen's rant against quantitative easing. In part, it discussed how eurozone banks remain on ECB life support:
Further, Jensen pointed out the dire straits that Spanish companies have found themselves in [emphasis added]:
I recognize that Jensen was trying to point out the futility of the ECB's QE programs and the precariousness of the system even after all this central bank intervention. No doubt, a high degree of apparent systemic risk exists.
By contrast, my investment philosophy is to be politically agnostic and Jensen's writings smack too much of "what I think policy should be" rather than "how do I make money from the current environment." I would therefore turn Jensen's analysis on its head and ask the following rhetorical question:
Free ECB put = Buy Financials
Indeed, the relative performance of European financials look constructive in light of the ECB's free put. The chart below of the relative returns of Financials show that their relative performance bottomed out in late 2011 and the sector has been in a relative uptrend since the summer of 2012.
(click to enlarge)
Still risk-on in Europe
Despite the softness in European equities in the last few days, the underlying environment still calls for a risk-on stance in European equities. My last post highlighted the upside potential in European small caps. The chart below shows the relative performance of [[DFE]] (European small cap ETF) against [[FEZ]] (European large cap ETF).
(click to enlarge)
There are two takeaways that are encouraging for the bull case in European stocks. First, high beta small caps remain in a relative uptrend against large caps. Second, small caps are still outperforming despite the recent sell-off.
The combination of a free ECB put and positive small cap outperformance in the face of weakness are suggestive of further gains in European stocks. Any weakness is likely to be a temporary pullback and should be viewed a buying opportunity. I would be inclined to focus on sectors and groups showing a high degree of leverage to a recovery, such as European financials and small cap stocks.
Disclosure: Long DFE
Disclaimer: Cam Hui is a portfolio manager at Qwest Investment Fund Management Ltd. ("Qwest"). The opinions and any recommendations expressed in the blog are those of the author and do not reflect the opinions and recommendations of Qwest. Qwest reviews Mr. Hui's blog to ensure it is connected with Mr. Hui's obligation to deal fairly, honestly and in good faith with the blog's readers."
None of the information or opinions expressed in this blog constitutes a solicitation for the purchase or sale of any security or other instrument. Nothing in this blog constitutesinvestment adviceand any recommendations that may be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions. Past performance is not indicative of future results. Either Qwest or I may hold or control long or short positions in the securities or instruments mentioned.
See also A Different Outlook For 2014 - Part 2 on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The chart below shows the relative performance of [[DFE]] (European small cap ETF) against [[FEZ]] (European large cap ETF). Disclosure: Long DFE Disclaimer: Cam Hui is a portfolio manager at Qwest Investment Fund Management Ltd. ("Qwest"). By contrast, my investment philosophy is to be politically agnostic and Jensen's writings smack too much of "what I think policy should be" rather than "how do I make money from the current environment."
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The chart below shows the relative performance of [[DFE]] (European small cap ETF) against [[FEZ]] (European large cap ETF). Disclosure: Long DFE Disclaimer: Cam Hui is a portfolio manager at Qwest Investment Fund Management Ltd. ("Qwest"). By Cam Hui : Further to my last post that made the case for buying European small cap stocks (see How to stretch the Santa Claus rally into 2014 ), I came across further analysis supportive of my bull case for Europe and European small cap stocks.
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The chart below shows the relative performance of [[DFE]] (European small cap ETF) against [[FEZ]] (European large cap ETF). Disclosure: Long DFE Disclaimer: Cam Hui is a portfolio manager at Qwest Investment Fund Management Ltd. ("Qwest"). By Cam Hui : Further to my last post that made the case for buying European small cap stocks (see How to stretch the Santa Claus rally into 2014 ), I came across further analysis supportive of my bull case for Europe and European small cap stocks.
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The chart below shows the relative performance of [[DFE]] (European small cap ETF) against [[FEZ]] (European large cap ETF). Disclosure: Long DFE Disclaimer: Cam Hui is a portfolio manager at Qwest Investment Fund Management Ltd. ("Qwest"). By Cam Hui : Further to my last post that made the case for buying European small cap stocks (see How to stretch the Santa Claus rally into 2014 ), I came across further analysis supportive of my bull case for Europe and European small cap stocks.
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fce6edc4-97d9-439b-9ee1-6ba3a531f828
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728751.0
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2013-11-29 00:00:00 UTC
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ETF of the Day - European Small Cap Stocks (DFE, LOGI)
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DFE
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https://www.nasdaq.com/articles/etf-day-european-small-cap-stocks-dfe-logi-2013-11-29
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nan
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The European equity rebound continues and within the region the small cap stocks have been quietly performing very well. The WisdomTree Europe Small Cap Dividend ETF (NYSE: DFE ) focuses on small cap stocks that pay high dividends.
The index that the ETF tracks is composed of the bottom 25 percent of stocks based on market capitalization in the WisdomTree Europe Dividend Index. The companies are then weighted based on annual cash dividend paid. The current yield on the ETF is 2.6 percent.
The ETF is heavily weighted in the U.K., Sweden, Italy, and Germany, with the four countries making up over 60 percent of the allocation. The four top sectors are the industrials, consumer discretionary, financials, and information technology. The ETF is fairly diversified with the top ten making up only 18 percent of the portfolio.
Related: Wide Range of ETFs Hitting New Highs (EWN, NLR, EIS, ING, TEVA)
The top stock is Logitech International (NASDAQ: LOGI ), which accounts for three percent of the portfolio. The stock is up 80 percent for the year and trading at the best level in two years. The remainder of the top ten holdings do not trade on a major U.S. exchange. This is what makes DFE so attractive to the average investor, it gives their portfolios exposure to stocks otherwise overlooked. The added diversification will help lower overall risk of a portfolio.
By investing in DFE, investors are betting on a continued rebound in the region and that the worst is behind it. The small cap stocks tend to carry a higher beta and therefore should lead any rally that the region could see in the coming months. The dividend that the ETF pays is a bonus for investors that also want to bring in above-average income.
By focusing on small cap stocks that pay dividends it eliminates companies that may be on the riskier side of the spectrum. The ability to pay a dividend shows the financial strength of a company. The high-risk small cap stocks that have no earnings will not have the ability to pay a dividend and therefore they will not be included in the portfolio.
In the end, DFE is one of the best options for investors willing to take a little extra risk in a region that could be the leader next year.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The WisdomTree Europe Small Cap Dividend ETF (NYSE: DFE ) focuses on small cap stocks that pay high dividends. This is what makes DFE so attractive to the average investor, it gives their portfolios exposure to stocks otherwise overlooked. By investing in DFE, investors are betting on a continued rebound in the region and that the worst is behind it.
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The WisdomTree Europe Small Cap Dividend ETF (NYSE: DFE ) focuses on small cap stocks that pay high dividends. This is what makes DFE so attractive to the average investor, it gives their portfolios exposure to stocks otherwise overlooked. By investing in DFE, investors are betting on a continued rebound in the region and that the worst is behind it.
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The WisdomTree Europe Small Cap Dividend ETF (NYSE: DFE ) focuses on small cap stocks that pay high dividends. This is what makes DFE so attractive to the average investor, it gives their portfolios exposure to stocks otherwise overlooked. By investing in DFE, investors are betting on a continued rebound in the region and that the worst is behind it.
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The WisdomTree Europe Small Cap Dividend ETF (NYSE: DFE ) focuses on small cap stocks that pay high dividends. This is what makes DFE so attractive to the average investor, it gives their portfolios exposure to stocks otherwise overlooked. By investing in DFE, investors are betting on a continued rebound in the region and that the worst is behind it.
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728752.0
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2013-09-23 00:00:00 UTC
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Play a Resurgent Europe with These ETFs - ETF News And Commentary
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DFE
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https://www.nasdaq.com/articles/play-resurgent-europe-these-etfs-etf-news-and-commentary-2013-09-23
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nan
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For years, investors were down on European investments, choosing instead to focus on the domestic market for exposure. You can't blame anyone for this approach either, as the continent was struggling with major issues regarding debt and even the very health of the common currency.
Lately, however, Europe has been coming back and it has actually seen some inflows as well. Investors are apparently embracing the more positive trends in Europe and are willing to bet on the region once more (also read 4 Outperforming ETFs Leading Europe Higher ).
After all, manufacturing sentiment and investor confidence are rising, while stock prices have also been firm. The euro has also seen good trading against the dollar, while the debt of the PIIGS nations has seen their spreads collapse against safer nations, signaling that investors aren't as worried about risks in these countries anymore.
How to Play
In this type of environment, a look to European ETFs may be an intriguing idea. These have seen solid trading lately, and given the tailwinds, could remain decent picks in the months ahead as well. For investors intrigued by this idea, we have highlighted some of our favorites in this space below:
First Trust Europe AlphaDEX Fund ( FEP ) - This ETF is a broad choice for European exposure, using the AlphaDEX system to select only the best stocks for inclusion. The portfolio is quite spread out as well, as no single firm makes up more than 1.25% of the total assets (see all the European Equity ETFs ).
WisdomTree Europe Small Cap Dividend ETF ( DFE ) - If you are looking for a play that targets companies which are most impacted by European events, consider this small cap product. The fund also has a 3% 30-Day SEC yield and it is dividend weighted, so income will definitely be a big part of this fund's risk return profile.
iShares MSCI United Kingdom Index Fund ( EWU ) - For a single country play, investors may want to take a look at the UK and EWU for exposure. The country is seeing growth-unlike some in Europe-while its focus on financials, consumer staples, and energy could be a winning strategy in today's market environment (read Can UK ETFs Continue to Rise? ).
More Information
For more on Europe ETFs and the positive trends in the space, watch our short video on the subject below:
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
WISDMTR-EU SC D (DFE): ETF Research Reports
ISHARS-UTD KING (EWU): ETF Research Reports
ISHARS-EMU IDX (EZU): ETF Research Reports
FT-EUROPE AD (FEP): ETF Research Reports
VANGD-FTSE EUR (VGK): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe Small Cap Dividend ETF ( DFE ) - If you are looking for a play that targets companies which are most impacted by European events, consider this small cap product. Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-UTD KING (EWU): ETF Research Reports ISHARS-EMU IDX (EZU): ETF Research Reports FT-EUROPE AD (FEP): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports To read this article on Zacks.com click here. You can't blame anyone for this approach either, as the continent was struggling with major issues regarding debt and even the very health of the common currency.
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WisdomTree Europe Small Cap Dividend ETF ( DFE ) - If you are looking for a play that targets companies which are most impacted by European events, consider this small cap product. Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-UTD KING (EWU): ETF Research Reports ISHARS-EMU IDX (EZU): ETF Research Reports FT-EUROPE AD (FEP): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research?
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Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-UTD KING (EWU): ETF Research Reports ISHARS-EMU IDX (EZU): ETF Research Reports FT-EUROPE AD (FEP): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Europe Small Cap Dividend ETF ( DFE ) - If you are looking for a play that targets companies which are most impacted by European events, consider this small cap product. Investors are apparently embracing the more positive trends in Europe and are willing to bet on the region once more (also read 4 Outperforming ETFs Leading Europe Higher ).
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WisdomTree Europe Small Cap Dividend ETF ( DFE ) - If you are looking for a play that targets companies which are most impacted by European events, consider this small cap product. Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-UTD KING (EWU): ETF Research Reports ISHARS-EMU IDX (EZU): ETF Research Reports FT-EUROPE AD (FEP): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports To read this article on Zacks.com click here. For years, investors were down on European investments, choosing instead to focus on the domestic market for exposure.
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728753.0
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2013-08-28 00:00:00 UTC
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Play Europe with these Small Cap ETFs - ETF News And Commentary
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DFE
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https://www.nasdaq.com/articles/play-europe-with-these-small-cap-etfs-etf-news-and-commentary-2013-08-28
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nan
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nan
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The Euro-zone has finally emerged out of its18 month long recession. It now appears that the 17 nation Euro-zone has slowly begun to stabilize.
Euro-zone's manufacturing sector advanced in August after posting two years of sluggish performance, thanks to surge in factory activity in Italy and Germany. According to MARKIT, manufacturing purchasing managers' index rose from 50.7 in July to 52 in August (see: Time to Get on the German ETF Bandwagon? ).
While the U.K. and Germany are leading the way for the European recovery, much-troubled Greece is also showing some hope. At the same time, manufacturing activity in Austria and France has fallen. (See: Greece ETF on the Rise, Can It Continue? )
A rebound in China's economic activity, slow exit of Germany & France from the recession and a revival in the Euro-zone service sector after 19 long months together have been a catalyst for European stocks.
While factors like a rising Euro, increasing unemployment and fiscal tightening still impact the domestic consumption in the region, the outlook for the region looks much more positive now from the longer-term perspective. (read: Has the Euro ETF Bottomed Out? ).
Investor Options
Investors who seek to play in Europe can look at some of the small cap ETFs analyzed below.
iShares MSCI United Kingdom Small-Cap ( EWUS )
Launched in January 2012, EWUS is a passively managed fund and tracks the MSCI UK Small Cap Index. The product gives investors a broad exposure in U.K. stocks. The product has been ignored by investors as it has amassed only $7.2 million in assets so far.
The fund holds 232 stocks in which the top 10 stocks take a low share of 13.26%. The fund does not put more than 2% share in any of its fund. Mondi Plc, Taylor Wimpley and Asos Plc are the top 3 holdings of the fund.
Consumer Discretionary (25%), Industrials (19.82%) and Financials (19.46%) are the top 3 sectors of the fund. More than 65% share goes to small-cap stocks, while mid-cap and micro-cap take the rest of the share. The fund charge investors 59 bps in fees.
The ETF has given strong returns of 27% as of June 30 on a yearly basis and has a notable dividend yield of 2.87%.
iShares MSCI Germany Small-Cap ( EWGS )
Launched in January 2012, EWGS is a passively managed fund and tracks the MSCI Germany Small Cap Index. The product is most suited for investors who seek a broad exposure in German stocks as the fund puts more than 90% of its assets in Germany. The fund has $8.9 million in assets and charge investors 59 bps in fees.
The product holds 107 holdings in its basket. The product is well diversified across individual holdings as it puts nearly 33% securities in its top 10 holdings. Symrise Ag, MTU Aero Engines and Bilfinger are the product's top 3 holdings. Industrials, Financials and Consumer Discretionary take the top 3 spot in sector holdings, jointly contributing about 59% share.
The ETF has posted solid returns of 28.37% as of June 30 for a one year period and has given a decent yield of 1.83%. (Read: The Comprehensive Guide to German ETF Investing )
Wisdom Tree Europe Small Cap Dividend ( DFE )
Launched in June 2006, DFE tracks the Wisdom Tree Europe Small Cap Dividend Index and gives an overall exposure to European stocks. The fund is a solid choice for investors looking at the trends appearing in Europe. The fund has an asset base if $85.6 million and charge investors 58 bps in fees.
Industrials take the top allocation from a sector look (26%), followed by consumer discretionary (16%) and financials (15%). Country exposure is once again focused on the UK, while Sweden and Italy also receive double digit allocations. Logitech International, Drillisch AG and Holmen AB are the top 3 company holdings of the fund.
The product has given impressive returns of 32% as of June 30 on an annual basis and moreover gives an attractive yield of 3.62% (read: High Dividend ETFs to Buy Even If the Fed Tapers ).
The Bottom Line
While an end to Euro-zone recession doesn't mean that the region will act as a new engine of growth for the global economy anytime in near future, it is a net positive for investment sentiment worldwide. (See all European Equity ETFs here ).
That said, Europe still has a long way to go as many of the structural issues that have been at the core of the currency union's recent problems still remain unresolved. (Read: 3 European ETFs Holding Their Ground ). But from the longer-term perspective, European stocks and ETFs look attractive as of now as it appears that the worst may be over for the region. Further small cap companies look quite interesting due to their attractive valuation and higher growth potential.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
WISDMTR-EU SC D (DFE): ETF Research Reports
ISHARS-MS GRMSC (EWGS): ETF Research Reports
ISHARS-MS UK SC (EWUS): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(Read: The Comprehensive Guide to German ETF Investing ) Wisdom Tree Europe Small Cap Dividend ( DFE ) Launched in June 2006, DFE tracks the Wisdom Tree Europe Small Cap Dividend Index and gives an overall exposure to European stocks. Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS GRMSC (EWGS): ETF Research Reports ISHARS-MS UK SC (EWUS): ETF Research Reports To read this article on Zacks.com click here. A rebound in China's economic activity, slow exit of Germany & France from the recession and a revival in the Euro-zone service sector after 19 long months together have been a catalyst for European stocks.
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(Read: The Comprehensive Guide to German ETF Investing ) Wisdom Tree Europe Small Cap Dividend ( DFE ) Launched in June 2006, DFE tracks the Wisdom Tree Europe Small Cap Dividend Index and gives an overall exposure to European stocks. Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS GRMSC (EWGS): ETF Research Reports ISHARS-MS UK SC (EWUS): ETF Research Reports To read this article on Zacks.com click here. iShares MSCI Germany Small-Cap ( EWGS ) Launched in January 2012, EWGS is a passively managed fund and tracks the MSCI Germany Small Cap Index.
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(Read: The Comprehensive Guide to German ETF Investing ) Wisdom Tree Europe Small Cap Dividend ( DFE ) Launched in June 2006, DFE tracks the Wisdom Tree Europe Small Cap Dividend Index and gives an overall exposure to European stocks. Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS GRMSC (EWGS): ETF Research Reports ISHARS-MS UK SC (EWUS): ETF Research Reports To read this article on Zacks.com click here. The fund holds 232 stocks in which the top 10 stocks take a low share of 13.26%.
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(Read: The Comprehensive Guide to German ETF Investing ) Wisdom Tree Europe Small Cap Dividend ( DFE ) Launched in June 2006, DFE tracks the Wisdom Tree Europe Small Cap Dividend Index and gives an overall exposure to European stocks. Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-MS GRMSC (EWGS): ETF Research Reports ISHARS-MS UK SC (EWUS): ETF Research Reports To read this article on Zacks.com click here. The product gives investors a broad exposure in U.K. stocks.
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2013-08-20 00:00:00 UTC
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High Dividend ETFs to Buy Even If the Fed Tapers - ETF News And Commentary
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DFE
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https://www.nasdaq.com/articles/high-dividend-etfs-buy-even-if-fed-tapers-etf-news-and-commentary-2013-08-20
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As yields continue to rise on benchmark government debt, many investors are starting to panic about the income producing securities in their portfolios. These investments-be they in the REIT, utility, or even bond segments-have been crushed over the past month or so, leading many to abandon high income picks altogether (see REIT ETFs Crushed: Time to Panic? ).
After all, long term bond ETFs like ZROZ have lost more than 15% in the past three months, while many REIT ETFs, such as IYR or VNQ , have plunged by a similar amount in the same time frame. These securities-and ones holding similar assets-have been mainstays of portfolios for quite some time, leaving some investors at a loss for where to go for generating solid amounts of income in this type of environment.
Look to Europe Instead
While many emerging market securities have been impacted by this trend as well, some in international developed markets have held up in this environment. These have actually appreciated as of late, and they still provide investors with solid yields too.
In particular, many key European markets have apparently turned it around in recent months, pushing up asset prices across the continent. Add this to a bout of euro currency strength, and dollar-denominated investors see a solid trend in place for European securities (see all the European Equity ETFs ).
These European stocks may thus prove to be relatively-well insulated from the current bout of Fed taper talk and thus be better dividend choices in this kind of market environment. Plus, thanks to some sluggish trading until very recently, many European stocks are trading at decent values, something that can't really be said for many of their peer high dividend securities in the U.S.
Given this, investors can certainly look abroad for yield at this time, especially considering the price appreciation in many markets as of late. For an easy way to do this while obtaining exposure across a number of developed markets, any of the following dividend-focused ETFs could easily accomplish the task:
Vanguard FTSE Europe ETF ( VGK )
This is one of the most popular European ETFs on the market, with assets of nearly $8 billion. The product is also relatively cheap, charging investors just 12 basis points a year in fees, while seeing solid volume of 2.3 million shares a day.
The fund has roughly one-fifth of its assets in the financials sphere, followed by consumer staples (14%), health care (12%), and industrials (12%). British stocks take the biggest holding, followed by Swiss companies, then a variety of euro zone nations (also see 3 European ETFs Holding Their Ground ).
The product has added about 3.1% over the past month, compared to a 2.4% loss for the S&P 500 in the same time frame, or a nearly double digit loss for a REIT ETF. However, the 12 month yield for this fund comes in just under 5%, making it a very solid income destination.
iShares International Select Dividend ETF ( IDV )
For a broader international dividend play, investors could consider IDV. This product tracks the Dow Jones EPAC Select Dividend Index, a benchmark of roughly 100 companies from around the developed world.
The ETF skews towards Europe (roughly two-thirds of the portfolio) though a few nations like Australia and Canada make up sizable allocations as well. This product also offers a solid allocation to mid and small cap securities (nearly 30% of the portfolio), while its sector focus centers on financials, energy, utilities, and industrials.
IDV has also had a solid past month, gaining about 4.1% in the time frame. Plus this ETF is also sporting a 12 month yield around the 5.0% level, while its 30-Day SEC Yield comes in at 4.9% (also see Can This High Yield European ETF Surge Higher? ).
WisdomTree Europe SmallCap Dividend ETF ( DFE )
For a small cap look at the solid trends appearing in Europe, WisdomTree's DFE could be an excellent choice. This product follows a dividend-weighted index, giving investors exposure to about 230 small cap securities in Europe.
Industrials take the top allocation from a sector look (25%), followed by consumer discretionary (15%) and technology (14%). Country exposure is once again focused on the UK, while Sweden and Italy also receive double digit allocations.
Of the group, this small cap ETF has actually had the best month, adding about 6.4% in the time frame. Its yield leaves a little to be desired at 3.4%, though it is still definitely an income destination for most investors at this time.
Bottom Line
Talk of the taper in the U.S. market has crushed a number of yield-focused securities lately. Many products in this space have seen losses exceeding 10% in the past three months, marking the first big losses for many of these product categories.
This has forced many investors to go off the beaten path in order to find high yielding securities that aren't facing such severe capital losses as well. Three such options in this market are VGK, IDV, and DFE, as all three of these pay great yields and have beaten out the S&P 500 over the past month (also read 3 ETFs for Rising Interest Rates ).
So if you are in the market for yield but are concerned about the recent trends in the space, consider the aforementioned ETFs as some overlooked plays that could be better choices in this uncertain time for income-centric investors.
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WISDMTR-EU SC D (DFE): ETF Research Reports
ISHARS-INTL SD (IDV): ETF Research Reports
ISHARS-US REAL (IYR): ETF Research Reports
VANGD-FTSE EUR (VGK): ETF Research Reports
VIPERS-REIT (VNQ): ETF Research Reports
PIMCO-25Y ZERO (ZROZ): ETF Research Reports
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Three such options in this market are VGK, IDV, and DFE, as all three of these pay great yields and have beaten out the S&P 500 over the past month (also read 3 ETFs for Rising Interest Rates ). WisdomTree Europe SmallCap Dividend ETF ( DFE ) For a small cap look at the solid trends appearing in Europe, WisdomTree's DFE could be an excellent choice. Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-INTL SD (IDV): ETF Research Reports ISHARS-US REAL (IYR): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports VIPERS-REIT (VNQ): ETF Research Reports PIMCO-25Y ZERO (ZROZ): ETF Research Reports To read this article on Zacks.com click here.
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WisdomTree Europe SmallCap Dividend ETF ( DFE ) For a small cap look at the solid trends appearing in Europe, WisdomTree's DFE could be an excellent choice. Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-INTL SD (IDV): ETF Research Reports ISHARS-US REAL (IYR): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports VIPERS-REIT (VNQ): ETF Research Reports PIMCO-25Y ZERO (ZROZ): ETF Research Reports To read this article on Zacks.com click here. Three such options in this market are VGK, IDV, and DFE, as all three of these pay great yields and have beaten out the S&P 500 over the past month (also read 3 ETFs for Rising Interest Rates ).
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Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-INTL SD (IDV): ETF Research Reports ISHARS-US REAL (IYR): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports VIPERS-REIT (VNQ): ETF Research Reports PIMCO-25Y ZERO (ZROZ): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Europe SmallCap Dividend ETF ( DFE ) For a small cap look at the solid trends appearing in Europe, WisdomTree's DFE could be an excellent choice. Three such options in this market are VGK, IDV, and DFE, as all three of these pay great yields and have beaten out the S&P 500 over the past month (also read 3 ETFs for Rising Interest Rates ).
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WisdomTree Europe SmallCap Dividend ETF ( DFE ) For a small cap look at the solid trends appearing in Europe, WisdomTree's DFE could be an excellent choice. Three such options in this market are VGK, IDV, and DFE, as all three of these pay great yields and have beaten out the S&P 500 over the past month (also read 3 ETFs for Rising Interest Rates ). Click to get this free report >> WISDMTR-EU SC D (DFE): ETF Research Reports ISHARS-INTL SD (IDV): ETF Research Reports ISHARS-US REAL (IYR): ETF Research Reports VANGD-FTSE EUR (VGK): ETF Research Reports VIPERS-REIT (VNQ): ETF Research Reports PIMCO-25Y ZERO (ZROZ): ETF Research Reports To read this article on Zacks.com click here.
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2013-06-25 00:00:00 UTC
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ETFs For a European Recovery
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https://www.nasdaq.com/articles/etfs-european-recovery-2013-06-25
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Investing globally has been a difficult task in recent weeks. Whether it has been concerns regarding tapering of quantitative easing and the program's eventual end or news that Chinese banks are facing a liquidity crunch, riskier assets have been hammered by negative news flow. Diversified ETFs offering exposure to Europe have been no exception.
In just the past month the SPDR EURO STOXX 50 ETF (NYSE: FEZ ) is down almost 10 percent while the Vanguard FTSE Europe ETF (NYSE: VGK ) is off 9.1 percent. Still, some analysts have been bold enough to predict a European economic turnaround as soon as the second half of this year.
"The risk of increased market volatility over seasonally weak summer months exists but we would look to take advantage of any pullbacks, including this current one, to increase both cyclical positioning and market exposure," said S&P Capital IQ Chief European Equity Strategist Robert Quinn in a research note about European equities. "We have greater conviction in an earnings recovery;, excess liquidity is still supportive to equity markets contrary to popular perceptions; and we expect easy monetary conditions to facilitate an additional 10% multiple expansion for the remainder of this year."
Quinn said he sees 2014 as a "credible recovery year" for Europe while noting Eurozone M1 money supply leads GDP growth by three quarters, which could imply a turnaround is not far off. Investors have plenty of ETF options with which to play a European recovery.
Vanguard FTSE Europe ETF The aforementioned VGK is one of the largest Europe ETFs and makes sense for long-term investors as its 0.12 percent annual expense ratio makes the ETF cheaper than 93 percent of comparable funds, according to Vanguard data .
Roughly 56 percent of VGK's weight goes to non-Eurozone countries such as the U.K., Switzerland and some Nordic nations. Perhaps more importantly in the event of another sovereign debt flare-up, VGK's exposure to the PIIGS nations is just 8.8 percent combined. S&P Capital IQ has Overweight ratings on European banks and industrials, of which VGK does offer decent exposure to. The research firm rates VGK Marketweight.
SPDR EURO STOXX 50 ETF The aforementioned FEZ does not hold 50 stocks, but a roster of just 56 does indicate a high level of concentration. As such, FEZ has a beta of 1.3 against the S&P 500 and annualized volatility of nearly 26 percent, according to State Street data .
The good news is FEZ has a dividend yield of just over four percent and banks and industrials - S&P IQ's favored sectors in Europe - combine for over 35 percent of the ETF's weight. FEZ is also rated Overweight. The $2 billion fund has annual fees of 0.29 percent.
PowerShares BLDRS Europe Select ADR Index Fund (NASDAQ: ADRU ) The PowerShares BLDRS Europe Select ADR Index Fund is somewhat overlooked when it comes to Europe ETFs, but the fund has been less bad than FEZ and VGK over the past four weeks. ADRU can draw constituents from a universe of 100 stocks and is currently home to 86 familiar names including HSBC (NYSE: HBC ), BP (NYSE: BP ), Sanofi (NYSE: SNY ) and Royal Dutch Shell (NYSE: RDS-A).
The U.K. and Switzerland combine for nearly half of the ETF's country weight while PIIGS exposure is limited to about 10 percent with no noteworthy allocations to Greece or Portugal. ADRU's underlying index, the BNY Mellon Europe Select ADR Index, has slightly outpaced the MSCI Europe Index over the past five years, according to PowerShares data . S&P rates ADRU Marketweight.
iShares S&P Europe 350 Index Fund (NYSE: IEV ) The $1.1 billion iShares S&P Europe 350 Index Fund is another "diversified" Europe ETF that devotes a significant chunk of its weight, over 48 percent, to the U.K. and Switzerland. However, the potential upside of this ETF is that its Eurozone exposure is also robust as Germany and France, the region's two largest economies, combine for over 27 percent of the fund's weight.
With a beta of 0.67 and a standard deviation of 20.76 percent , IEV is less volatile than FEZ. IEV has also outperformed ADRU, FEZ and VGK over the past month. Top holdings include Nestle (OTC: NSRGY ), BP, Sanofi and Shell. S&P rates IEV Marketweight.
WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE )In what might come as a surprise to some investors, the lone small-cap fund on this list has been the best performer in this group over the past month. That means DFE's 6.2 loss is less bad than the other ETFs highlighted here. Like the other ETFs on this list, DFE is U.K./Switzerland heavy with those nations representing nearly 41 percent of the fund's weight.
However, DFE does a good job of mixing in the Eurozone's riskiest countries, such as the PIIGS, with steadier plays such as the Sweden and Norway. Industrials and financials combine for over 41 percent of DFE's weight, and while the ETF features a juicy 11.37 percent distribution yield , the fund is light on defensive dividend sectors. Staples, health care an telecom combine for about 17 percent of the ETF's weight.
S&P Capital IQ rates DFE Marketweight.
For more on Europe ETFs, click here .
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything trading.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE )In what might come as a surprise to some investors, the lone small-cap fund on this list has been the best performer in this group over the past month. That means DFE's 6.2 loss is less bad than the other ETFs highlighted here. Like the other ETFs on this list, DFE is U.K./Switzerland heavy with those nations representing nearly 41 percent of the fund's weight.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE )In what might come as a surprise to some investors, the lone small-cap fund on this list has been the best performer in this group over the past month. That means DFE's 6.2 loss is less bad than the other ETFs highlighted here. Like the other ETFs on this list, DFE is U.K./Switzerland heavy with those nations representing nearly 41 percent of the fund's weight.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE )In what might come as a surprise to some investors, the lone small-cap fund on this list has been the best performer in this group over the past month. That means DFE's 6.2 loss is less bad than the other ETFs highlighted here. Like the other ETFs on this list, DFE is U.K./Switzerland heavy with those nations representing nearly 41 percent of the fund's weight.
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Like the other ETFs on this list, DFE is U.K./Switzerland heavy with those nations representing nearly 41 percent of the fund's weight. WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE )In what might come as a surprise to some investors, the lone small-cap fund on this list has been the best performer in this group over the past month. That means DFE's 6.2 loss is less bad than the other ETFs highlighted here.
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2013-05-10 00:00:00 UTC
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Two Global Small-Cap ETFs Merit Consideration
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https://www.nasdaq.com/articles/two-global-small-cap-etfs-merit-consideration-2013-05-10
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It has been a good year for small-caps and the major ETFs that house them. The iShares Russell 2000 Index Fund (NYSE: IWM ) is up 14.3 percent year-to-date while the Vanguard Small-Cap ETF (NYSE: VB ) is higher by 15.6 percent.
Decent performances to be sure, but not spectacular when considering the SPDR S&P 500 (NYSE: SPY ) is up 14.9 percent with noticeably less volatility .
Increased volatility is usually part of the equation when dealing with small-caps, even more so when evaluating global small-cap equities and ETFs. However, those investors that are willing to take a look at international stocks with smaller market caps can find some rewarding options.
Better yet, let ETFs remove the stock-picking burden and consider these international small-cap funds that offer more upside for the rest of this year.
WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) There are a couple of things about this ETF that need to be addressed right off the bat. Yes, DFE is a dividend ETF, but it is not a great yield play as its 30-day SEC yield is just 1.93 percent. Second, it is fair to say most investors know playing with some Europe ETFs large-cap, small-cap or otherwise, can be kind of like playing fire.
With the U.K. and Italy, two economies mired in deep recessions, combining for over 39 percent of DFE's country weight, one might wonder why this fund is worth a look. Germany, Sweden and Norway combing for about 26 percent of the ETF's weight helps. Additionally, most of the few remaining members of the AAA sovereign credit rating club receive some allocation in this ETF.
Bottom line with DFE: If Europe becomes a more sanguine place to invest and investors embrace European cyclicals, this ETF will benefit. DFE is up almost eight percent year-to-date. The ETF has an annual expense ratio of 0.58 percent and $60.5 million in assets.
SPDR S&P Small Cap Emerging Asia Pacific ETF (NYSE: GMFS ) If some issues regarding DFE needed to be addressed before evaluating the upside of that ETF, then there are some warning labels with the the SPDR S&P Small Cap Emerging Asia Pacific ETF. GMFS is 16 months old and only has $2.29 million in assets under management and folks do not get around to trading this ETF everyday. In fact, it last traded on May 6.
We are not in the business of forecasting ETF closures, but it should be noted that other ETFs that have focused on Southeast Asian small-caps have closed. Those that are still around are struggling. Investors love the region's large-caps and the relevant ETFs, but have been slow to consider smaller stocks here.
Those disclaimers belie the potential offered by GMFS, which has returned nearly seven percent year-to-date. At the country level, this fund is not excessively risky with Taiwan and China combining for 64 percent of the ETF's weight. However, GMFS does offer decent exposure to some of the region's better-performing markets with Indonesia, Malaysia, Thailand and the Philippines combining for 24 percent of the ETF's weight.
GMFS has a couple of nifty surprises including a beta of just 0.17, a dividend yield of 3.48 percent and a lower P/E ratio than the MSCI Emerging Markets Index, according to State Street data .
For more on ETFs, click here .
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything trading.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) There are a couple of things about this ETF that need to be addressed right off the bat. Yes, DFE is a dividend ETF, but it is not a great yield play as its 30-day SEC yield is just 1.93 percent. With the U.K. and Italy, two economies mired in deep recessions, combining for over 39 percent of DFE's country weight, one might wonder why this fund is worth a look.
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SPDR S&P Small Cap Emerging Asia Pacific ETF (NYSE: GMFS ) If some issues regarding DFE needed to be addressed before evaluating the upside of that ETF, then there are some warning labels with the the SPDR S&P Small Cap Emerging Asia Pacific ETF. WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) There are a couple of things about this ETF that need to be addressed right off the bat. Yes, DFE is a dividend ETF, but it is not a great yield play as its 30-day SEC yield is just 1.93 percent.
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SPDR S&P Small Cap Emerging Asia Pacific ETF (NYSE: GMFS ) If some issues regarding DFE needed to be addressed before evaluating the upside of that ETF, then there are some warning labels with the the SPDR S&P Small Cap Emerging Asia Pacific ETF. WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) There are a couple of things about this ETF that need to be addressed right off the bat. Yes, DFE is a dividend ETF, but it is not a great yield play as its 30-day SEC yield is just 1.93 percent.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) There are a couple of things about this ETF that need to be addressed right off the bat. DFE is up almost eight percent year-to-date. Yes, DFE is a dividend ETF, but it is not a great yield play as its 30-day SEC yield is just 1.93 percent.
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2013-03-06 00:00:00 UTC
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3 International Dividend ETFs Your Broker Forgot to Mention
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DFE
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https://www.nasdaq.com/articles/3-international-dividend-etfs-your-broker-forgot-mention-2013-03-06
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Some long-time income investors know that larger payouts and higher yields can often be with the foreign equivalent of a U.S. stock. For example, BP's (NYSE: BP ) current yield is more than double that of Exxon Mobil's (NYSE: XOM ). French pharmaceuticals giant Sanofi (NYSE: SNY ) yields 30 basis points more than Johnson & Johnson (NYSE: JNJ ).
Those are just two examples, but throughout sectors such as consumer staples, energy, health care and telecommunications, investors can usually find a couple of developed market large-caps that offer superior yields relative to their U.S. counterparts.
Still, U.S. equity dividend ETFshave nearly $50 billion in combined assets under management , an amount that dwarfs that of international dividend funds. That does not mean that there are not some developed market dividend ETFs worthy of investors' attention. Consider some of the following ETFs:
PowerShares International Dividend Achievers Portfolio (NYSE: PID ) Like many domestically-focused dividend ETFs, PID employs length of dividend increase streaks as part of its screening methodology. However, PID is not as stringent as some U.S. ETFs as the qualification for inclusion here is five years of rising dividends, not the ten or more often seen with U.S. equivalents.
Important to note about PID is that it also weights by dividend yield, not market capitalization, meaning that if/when global high yield stocks fall out of favor, then PID's volatility and downside potential increase. Also adding to the volatility with PID is a more than 20 percent weight to energy stocks, by far the ETF's largest sector weight. Some of those names include Teekay Offshore Partners (NYSE: TOO ), Teekay LNG Partners (NYSE: TGP ) and Norway's Statoil (NYSE: STO ).
Investors can take some comfort in knowing U.S. stocks account for 25.1 percent of PID's weight, although the 30-day SEC yield of 2.62 percent is not particularly jaw-dropping. The U.K. and Canada are PID's next largest country weights, combining for 43 percent of the ETF's weight.
Overall, it is hard to argue with PID's long-term returns. Over the past three years, the ETF is up nearly 30 percent while offering less volatility than and outperforming some developed and developing market dividend ETFs . PID has also outpaced and been less volatile over that time than the iShares MSCI EAFE Index Fund (NYSE: EFA ). PID has an expense ratio of 0.56 percent and $779 million in assets under management.
WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) It is not a stretch to say many investors have heard at least one of the popular emerging markets small-cap ETFs on the market, say the Market Vectors Brazil ETF (NYSE: BRF ) or the WisdomTree Emerging Markets SmallCap Income Fund (NYSE: DGS ). Given the popularity of those funds, it is almost hard to believe there is just one small-cap ETF devoted to Europe and it is DFE.
Despite the recent Eurozone calamity, including Italy's election results and one index provider demoting Greece to emerging markets status, DFE has actually been an impressive gatherer of assets on a percentage basis. On February 11, DFE had $52 million in AUM . Today that number is over $62.1 million.
The 30-day SEC yield of 3.72 percent is fairly attractive, but with DFE being a small-cap fund, investors need to know what they are getting at the sector level. The ETF is light on traditionally conservative dividend sectors such as staples, telecommunications and utilities and heavy on industrials and discretionary names.
Italy, Spain and Portugal combine for about a quarter of DFE's weight and that might imply an uncomfortable level of volatility for some investors. In reality, DFE's underlying index since inception has had a lower beta and been less volatile than the MSCI Europe Small-Cap Index, according to WisdomTree data . DFE's annual expense ratio is 0.58 percent.
First Trust Dow Jones Global Select Dividend Index Fund (NYSE: FGD ) As is the case with PID, the First Trust Dow Jones Global Select Dividend Index Fund offers some level of comfort with an almost 17 percent allocation to the U.S. Additionally, just four Eurozone nations are found among FGD's lineup and Spain is the only PIIGS member represented in this ETF.
With $294.3 million in AUM, FGD has an even more seductive number associated with it: A 30-day SEC yield of 6.12 percent. Looking the ETF's sector breakdown, it is easy to understand why the yield is so robust. Telecommunications and utilities names combine for over 38 percent of the fund's weight.
Another point in FGD's favor is an 18 percent weight to Australia, a high-yield currency nation that has dodged outright recession for over two decades. Sweden and New Zealand, another pair of solid, strong currency nations, combine for another eight percent of FGD's weight. FGD, which has annual expense ratio of 0.63 percent, has a lower beta and standard deviation than MSCI World Index, according to First Trust data .
For more on ETFs, here .
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite the recent Eurozone calamity, including Italy's election results and one index provider demoting Greece to emerging markets status, DFE has actually been an impressive gatherer of assets on a percentage basis. WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) It is not a stretch to say many investors have heard at least one of the popular emerging markets small-cap ETFs on the market, say the Market Vectors Brazil ETF (NYSE: BRF ) or the WisdomTree Emerging Markets SmallCap Income Fund (NYSE: DGS ). Given the popularity of those funds, it is almost hard to believe there is just one small-cap ETF devoted to Europe and it is DFE.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) It is not a stretch to say many investors have heard at least one of the popular emerging markets small-cap ETFs on the market, say the Market Vectors Brazil ETF (NYSE: BRF ) or the WisdomTree Emerging Markets SmallCap Income Fund (NYSE: DGS ). Given the popularity of those funds, it is almost hard to believe there is just one small-cap ETF devoted to Europe and it is DFE. Despite the recent Eurozone calamity, including Italy's election results and one index provider demoting Greece to emerging markets status, DFE has actually been an impressive gatherer of assets on a percentage basis.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) It is not a stretch to say many investors have heard at least one of the popular emerging markets small-cap ETFs on the market, say the Market Vectors Brazil ETF (NYSE: BRF ) or the WisdomTree Emerging Markets SmallCap Income Fund (NYSE: DGS ). Given the popularity of those funds, it is almost hard to believe there is just one small-cap ETF devoted to Europe and it is DFE. Despite the recent Eurozone calamity, including Italy's election results and one index provider demoting Greece to emerging markets status, DFE has actually been an impressive gatherer of assets on a percentage basis.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) It is not a stretch to say many investors have heard at least one of the popular emerging markets small-cap ETFs on the market, say the Market Vectors Brazil ETF (NYSE: BRF ) or the WisdomTree Emerging Markets SmallCap Income Fund (NYSE: DGS ). The 30-day SEC yield of 3.72 percent is fairly attractive, but with DFE being a small-cap fund, investors need to know what they are getting at the sector level. Given the popularity of those funds, it is almost hard to believe there is just one small-cap ETF devoted to Europe and it is DFE.
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2013-02-11 00:00:00 UTC
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Europe, The Small-Cap ETF Way
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DFE
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https://www.nasdaq.com/articles/europe-small-cap-etf-way-2013-02-11
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In the wake of Spanish equities tumbling on allegations of graft aimed at Prime Minister Mariano Rajoy and Italian stocks coming under pressure on speculation that Silvio Berlusconi will win that nation's upcoming election, controversy again surrounds the European investment thesis.
Declining European stock prices amid the familiar themes of escalating controversy and uncertainty could increase the allure of valuations some analyst have recently said are already attractive .
"Generally speaking, we believe that European equity markets are particularly ripe with potential bargains, given the ongoing uncertainty regarding their potential for sluggish economic growth," WisdomTree Research Director Jeremy Schwartz said in a new research note.
Amid those potential bargains, investors willing to embrace some level of risk can consider European small-caps, a market segment that is surprisingly underrepresented in the ETF universe. While small-cap ETFs tracking the likes of Brazil, China and other emerging markets have proven popular with investors, there is just one Europe small-cap ETF listed in the U.S. today.
The WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) is that fund, and as its name implies, there is compensation in the form of dividends for investors willing to roll the dice on small European equities. Home to nearly $52 million in assets under management, DFE has a 30-day SEC yield of 3.74 percent .
Importantly, DFE's index methodology helps expose investors to those stocks with rising payouts and compelling valuations.
The WisdomTree Europe SmallCap Dividend Index (WTESC) "targets small-cap dividend-paying European companies and weights these companies by the dollar value of the cash dividends that they have paid," according to Schwartz .
"This dividend-focused methodology helps tap into where we see valuation opportunities-most typically, firms that increase their dividends over the course of the year but whose share prices fall or stagnate would see increases in weight during the annual Index rebalance, while firms that simply maintain or shrink their dividends but whose share prices rise would typically see decreases in weight," he added.
At the country level, DFE offers exposure to 16 nations, six of which are not eurozone members. The U.K. is by far the ETF's largest country at almost 24 percent, roughly 900 basis points ahead of second-place Italy. Overall, about 40 percent of DFE's country weight goes to non-eurozone members. PIIGS nations represent about 26 of DFE's weight, though Greece is not found in the ETF's lineup.
Given that small-caps typically dwell in highly cyclical sectors, DFE could be an interesting play on thesis that the worst news is already priced into European stocks. Schwartz notes that cyclicality was seen in 2012 when DFE and the MSCI Europe Small Cap Index outpaced two prominent Europe large-cap indexes by health margins.
The MSCI EMU Index, the index tracked by the iShares MSCI EMU Index (NYSE: EZU ) performed better than DFE's index during the global financial crisis, but in the past two years, DFE is the winner, though both ETFs are in the red.
"If investors moving into European ETFs are starting to bank on a cyclical recovery coming out of Europe and are trying to get access to some of the relatively low prices of European equities, I believe the European small-cap equity story and specifically DFE is worthy of strong consideration," said Schwartz.
One strategy investors can consider to mitigate Europe risk is to pair DFE with the WisdomTree Europe Hedged Equity Fund (NYSE: HEDJ ). Like DFE, HEDJ focuses on European dividend payers .
However, in the case of HEDJ, that ETF is "designed to have higher returns than an equivalent non-currency hedged investment when the value of the U.S. dollar is increasing relative to the value of the euro, and lower returns when the U.S. dollar declines against the euro," according to WisdomTree.
DFE does not offer a hedge against EUR/USD fluctuations, but paired with HEDJ, that strategy could give investors some level of coverage should the common currency's volatility increase.
For more on Europe ETFs, click here .
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything trading.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given that small-caps typically dwell in highly cyclical sectors, DFE could be an interesting play on thesis that the worst news is already priced into European stocks. The WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) is that fund, and as its name implies, there is compensation in the form of dividends for investors willing to roll the dice on small European equities. Home to nearly $52 million in assets under management, DFE has a 30-day SEC yield of 3.74 percent .
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The WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) is that fund, and as its name implies, there is compensation in the form of dividends for investors willing to roll the dice on small European equities. One strategy investors can consider to mitigate Europe risk is to pair DFE with the WisdomTree Europe Hedged Equity Fund (NYSE: HEDJ ). Home to nearly $52 million in assets under management, DFE has a 30-day SEC yield of 3.74 percent .
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The WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) is that fund, and as its name implies, there is compensation in the form of dividends for investors willing to roll the dice on small European equities. The MSCI EMU Index, the index tracked by the iShares MSCI EMU Index (NYSE: EZU ) performed better than DFE's index during the global financial crisis, but in the past two years, DFE is the winner, though both ETFs are in the red. "If investors moving into European ETFs are starting to bank on a cyclical recovery coming out of Europe and are trying to get access to some of the relatively low prices of European equities, I believe the European small-cap equity story and specifically DFE is worthy of strong consideration," said Schwartz.
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Overall, about 40 percent of DFE's country weight goes to non-eurozone members. Schwartz notes that cyclicality was seen in 2012 when DFE and the MSCI Europe Small Cap Index outpaced two prominent Europe large-cap indexes by health margins. One strategy investors can consider to mitigate Europe risk is to pair DFE with the WisdomTree Europe Hedged Equity Fund (NYSE: HEDJ ).
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2013-01-02 00:00:00 UTC
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Global ETFs For The January Effect
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https://www.nasdaq.com/articles/global-etfs-january-effect-2013-01-02
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nan
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nan
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For one trading day at least it looks as if the January Effect, the scenario under which small-caps lead an early-year market rally, is working.
With a Wednesday gain of almost three percent on volume that was well above double the daily average, the iShares Russell 2000 Index Fund (NYSE: IWM ) surged to a new-all time high.
That should give fans of the January Effect something to brag about. When including Wednesday's gain, the $15.9 billion ETF has jumped almost six percent in the past month.
So it looks like U.S. small-caps are off to a fine start in 2013. If that becomes a prevailing trend, investors may want to add some international small-cap exposure to their portfolios as well. As has been noted, some of the small-cap ETFs tracking BRIC nations outperformed their large-cap counterparts in 2012.
If risk appetite is truly being renewed, select international small-cap funds should offer valid complements or alternatives to U.S.-focused equivalents. Here are some sound ideas.
WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) Coming off a year in which it surged almost 22 percent, the WisdomTree Europe SmallCap Dividend Fund could be in for another big year as late-comers embrace compelling valuations for European equities. The Stoxx 600 Index ended 2012 trading at just 11.4 times 2013's estimated earnings, according to Bloomberg .
Adding to the good news is another Bloomberg report that notes the Euro Stoxx 50 Index may rally as much as eight percent this month .
DFE allocates over 35 percent of its combined weight to discretionary and financial services names, putting the ETF in position to soar in a risk on environment. Noteworthy is the fact that London's FTSE 100 surged above 6,000 today and DFE features a weight of 24.4 percent to the U.K. Investors are also compensated for taking on the risk of European small-caps by DFE, which features a 30-day SEC yield of four percent.
Market Vectors Germany Small-Cap ETF (NYSE: GERJ ) GERJ will turn two years old in April, but an assets under management total of just $4.5 million indicates investors have not yet warmed to this ETF. That is a shame because GERJ soared almost 26 percent last year, outperforming the larger iShares MSCI Germany Index Fund (NYSE: EWG ) along the way.
After a strong 2012 for German equities, some analysts are taking a more cautious approach to the Eurozone's largest economy this year.
However, if German stocks come even remotely close to delivering an encore in 2013, GERJ may prove to be the better bet once again. On a valuation basis at least, GERJ looks more attractive here. The fund has a P/E ratio of 11.24 and a price-to-book ratio of 1.43, according to Market Vectors data . That compares with EWG's P/E of 18.23 and a price-to-book ratio of 2.19 .
WisdomTree Emerging Markets SmallCap Dividend Fund (NYSE: DGS ) For those that do not want to make a country-specific bet on emerging markets small-caps, the WisdomTree Emerging Markets SmallCap Dividend Fund offers perhaps the best alternative for eschewing single country risk while still capturing small-cap exposure in the developing world.
At the top, the fund is somewhat conservative with Taiwan and South Korea combining for about 33.6 percent of the fund's weight. The subsequent country weights are also of importance to investors. With Thailand, Malaysia and Turkey combing for almost 26 percent of the ETF's weight, DGS stands as arguably the best avenue for getting small-cap exposure in those nations.
Additionally, DGS is another attractively valued ETF. At the end of the third quarter, DGS had a P/E ratio of about 13 and a price-to-book ratio of just over one, according to WisdomTree data . Even if those numbers have come up since the end of that quarter, they probably have not risen dramatically enough to touch IWM's P/E of 25.22 and its price-to-book ratio of 3.1 .
For more on ETFs , click here .
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything trading.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DFE allocates over 35 percent of its combined weight to discretionary and financial services names, putting the ETF in position to soar in a risk on environment. WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) Coming off a year in which it surged almost 22 percent, the WisdomTree Europe SmallCap Dividend Fund could be in for another big year as late-comers embrace compelling valuations for European equities. Noteworthy is the fact that London's FTSE 100 surged above 6,000 today and DFE features a weight of 24.4 percent to the U.K. Investors are also compensated for taking on the risk of European small-caps by DFE, which features a 30-day SEC yield of four percent.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) Coming off a year in which it surged almost 22 percent, the WisdomTree Europe SmallCap Dividend Fund could be in for another big year as late-comers embrace compelling valuations for European equities. DFE allocates over 35 percent of its combined weight to discretionary and financial services names, putting the ETF in position to soar in a risk on environment. Noteworthy is the fact that London's FTSE 100 surged above 6,000 today and DFE features a weight of 24.4 percent to the U.K. Investors are also compensated for taking on the risk of European small-caps by DFE, which features a 30-day SEC yield of four percent.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) Coming off a year in which it surged almost 22 percent, the WisdomTree Europe SmallCap Dividend Fund could be in for another big year as late-comers embrace compelling valuations for European equities. DFE allocates over 35 percent of its combined weight to discretionary and financial services names, putting the ETF in position to soar in a risk on environment. Noteworthy is the fact that London's FTSE 100 surged above 6,000 today and DFE features a weight of 24.4 percent to the U.K. Investors are also compensated for taking on the risk of European small-caps by DFE, which features a 30-day SEC yield of four percent.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) Coming off a year in which it surged almost 22 percent, the WisdomTree Europe SmallCap Dividend Fund could be in for another big year as late-comers embrace compelling valuations for European equities. DFE allocates over 35 percent of its combined weight to discretionary and financial services names, putting the ETF in position to soar in a risk on environment. Noteworthy is the fact that London's FTSE 100 surged above 6,000 today and DFE features a weight of 24.4 percent to the U.K. Investors are also compensated for taking on the risk of European small-caps by DFE, which features a 30-day SEC yield of four percent.
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2012-08-08 00:00:00 UTC
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Three Impressive Small Cap Dividend ETFs - ETF News And Commentary
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DFE
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https://www.nasdaq.com/articles/three-impressive-small-cap-dividend-etfs-etf-news-and-commentary-2012-08-08
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nan
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nan
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Due to risk in the market and extreme stock volatility over the past few years, many investors seek more stability in their portfolios along with high levels of current income. Unfortunately, bond yields have been quite low, which has pushed many into opting for high dividend paying stocks instead ( Emerging Markets Sovereign Bond ETFs: Safe With Attractive Yields )
Beyond individual securities, investment in equity ETFs which have stocks that pay high dividend yields have emerged as a source of decent income for investors at this time. This has proven to be a pretty good strategy as intermediate term bonds are still yielding below broad stock markets and equities have risen higher so far in 2012.
Investors seeking a certain level of consistent income can invest in individual dividend paying stocks or in dividend paying ETFs ( 11 Great Dividend ETFs ). ETFs can often pay superior dividends, and are arguably the best option available to investors as these ensure safety with low costs even if the world market crashes or collapses.
Today, when returns from equities are at risk, dividend-focused ETFs have become a major source of consistent income for investors.
ETFs focusing on dividend stocks are a safer strategic investment in the current ultra-low rates environment, still there are not considered to be risk free investments. Companies are under no legal obligation to pay dividends to their investors, nor is the rate of dividend fixed.
In case of any financial instability, the company may fail to pay dividend, or it may cut the rate of dividend payment. This in turn, could hamper the returns from ETF investments.
Small Cap ETFs
When it comes to putting money into ETFs, there are many large cap and small cap ETFs available that hit companies of different sectors and markets. However, large cap ETFs are known to include companies which do not always directly relate to the real economies of the nation and which can often have higher levels of exposure to foreign markets.
That is because large caps are often multination firms that do business across borders. For example, Coca-Cola does a great deal of its business abroad while a local soda company is going to be entirely dependent on the American market for its business.
In order to avoid this and focus more on local economies, the ETF world has expanded to include small cap ETFs. These funds allow the investor to tap the domestic population of the economy and usually offer more spread out exposure ( Emerging Market Small Cap ETFs: Freefall Continues ). Additionally, small caps are often capable of higher levels of growth than large caps, a situation which can be especially important in the low growth world we find ourselves in today.
Investors should note that these products can experience levels of volatility that can make large cap emerging stocks seem stable in comparison. Risk tolerance should be very high for those looking to make a play on this space as huge gains and losses can occur, in a very short period of time ( Guide to Small Cap Emerging Market ETFs )
Small cap dividend ETFs
Beyond growth, many investors are also scrambling for yield in today's low rate environment. However, many overlook small cap securities for high payouts, favoring their large cap brethren instead.
Fortunately for investors, there are a few ETFs that are combining this high yield focus with micro sized securities. In this way, investors can have an interesting mix of growth and income that many other funds simply cannot match. If this sounds like a good way to tackle today's market, any of the following three small cap high dividend ETFs highlighted below could be interesting picks:
WisdomTree SmallCap Dividend Fund (DES)
The WisdomTree SmallCap Dividend Fund was introduced in June 2006. The ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Dividend Index (also read Three Resilient European ETFs Still Going Strong ).
This benchmark is a fundamentally weighted index which measures the performance of the small-capitalization segment of the U.S. dividend-paying market. The Index comprises of companies that make up the bottom 25% of the market capitalization of the WisdomTree Dividend Index after 300 of the largest companies have been removed.
The index is dividend weighted annually to reflect proportionate shares of the aggregate cash dividends that each component company is projected to pay in the coming year. The cash dividends are based on the most recently declared dividend per share figure.
The fund holds a total of 615 stocks, with 11.3% of the total asset base of $331.1 million invested in the top 10 holdings. Apollo Investment Corp ( AINV ) takes the top spot in the fund and is closely followed by CommonWealth REIT ( CWH ) and Prospect Capital Corp ( PSEC ).
In selection of sectors, the fund is heavily concentrated in Financials with 54.9% assets invested in the segment. The fund charges an expense ratio of 38 basis points and delivered a one-year return of 5.28%. The fund's yield stands at 3.92%, a good level, considering the small cap nature of the product.
WisdomTree Europe SmallCap Dividend Fund (DFE)
Investors seeking exposure in small cap European companies can invest in DFE. The fund tracks the performance of the WisdomTree Europe SmallCap Dividend Index. This result in a fund that holds 317 high dividend-paying stocks that comprise the bottom 25% of market capitalization of the WisdomTree Europe Dividend Index and excludes 300 of the largest companies.
The fund provides broad exposure to European countries - United Kingdom 25.31%, Italy 13.2%, Germany 11.3%, Sweden 10.4%, France 6.75%, Norway 5.98%, Netherlands 5.74%, Spain 5.51%, Finland 5.34%, and Portugal 3.46% ( Euro Small Cap ETFs: The Way to Play Europe? )
DFE appears to be spread among individual holdings as just 12.3% of its total asset base is invested in the top 10 holdings. Among individual holdings, Cable & Wireless Communication takes the top spot (2%) closely followed by Nexity (1.49%) and Antena 3 de Television SA (1.30%).
Among sector holdings, DFE is heavily exposed to industrials and consumer discretionary firms with 25% and 19% weightings, respectively. The product charges 58 bps in fees per year and has about $23 million of AUM. It also has had an impressive yield of 5.18% per annum but has produced negative returns of 19.26% in the last one-year period, largely thanks to the ongoing European crisis.
IQ Australia Small Cap ETF (KROO)
KROO seeks to replicate the performance of the IQ Australia Small Cap Index. The Index focuses on companies that make up the smallest 15% of the market cap in the nation. This resulted in a portfolio of 107 securities with expense ratio of 69 basis points a year in fees.
The fund appears to be spread out among companies, as investment in the top 10 holdings stands at 22.3%. Seek Ltd, UGL Ltd and Bank of Queensland takes the top three positions in the fund with asset investment of 2.65%, 2.60% and 2.48%, respectively (see Australia ETFs: a Developed Market Play on Asian Growth ).
In terms of sector exposure, the fund is quite different from its large cap counterpart EWA. The fund puts its top weightings to basic material (27.9%), cyclical consumer (21%) and industrial (17.9%), stocks.
Over a period of one year, the fund has delivered negative returns of 23.3%.However, dividend yield stands at an impressive 13.41%.
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APOLLO INV CP (AINV): Free Stock Analysis Report
COMMONWEALTH RE (CWH): Free Stock Analysis Report
WISDMTR-SC DIV (DES): ETF Research Reports
WISDMTR-EU SC D (DFE): ETF Research Reports
IQ-AUSTRALIA SC (KROO): ETF Research Reports
PROSPECT CAP CP (PSEC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WisdomTree Europe SmallCap Dividend Fund (DFE) Investors seeking exposure in small cap European companies can invest in DFE. DFE appears to be spread among individual holdings as just 12.3% of its total asset base is invested in the top 10 holdings. Among sector holdings, DFE is heavily exposed to industrials and consumer discretionary firms with 25% and 19% weightings, respectively.
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WisdomTree Europe SmallCap Dividend Fund (DFE) Investors seeking exposure in small cap European companies can invest in DFE. Click to get this free report >> APOLLO INV CP (AINV): Free Stock Analysis Report COMMONWEALTH RE (CWH): Free Stock Analysis Report WISDMTR-SC DIV (DES): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports IQ-AUSTRALIA SC (KROO): ETF Research Reports PROSPECT CAP CP (PSEC): Free Stock Analysis Report To read this article on Zacks.com click here. DFE appears to be spread among individual holdings as just 12.3% of its total asset base is invested in the top 10 holdings.
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Click to get this free report >> APOLLO INV CP (AINV): Free Stock Analysis Report COMMONWEALTH RE (CWH): Free Stock Analysis Report WISDMTR-SC DIV (DES): ETF Research Reports WISDMTR-EU SC D (DFE): ETF Research Reports IQ-AUSTRALIA SC (KROO): ETF Research Reports PROSPECT CAP CP (PSEC): Free Stock Analysis Report To read this article on Zacks.com click here. WisdomTree Europe SmallCap Dividend Fund (DFE) Investors seeking exposure in small cap European companies can invest in DFE. DFE appears to be spread among individual holdings as just 12.3% of its total asset base is invested in the top 10 holdings.
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WisdomTree Europe SmallCap Dividend Fund (DFE) Investors seeking exposure in small cap European companies can invest in DFE. DFE appears to be spread among individual holdings as just 12.3% of its total asset base is invested in the top 10 holdings. Among sector holdings, DFE is heavily exposed to industrials and consumer discretionary firms with 25% and 19% weightings, respectively.
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48e10c8b-1a01-4822-a2cc-8ce1eed0b5dc
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728761.0
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2012-06-12 00:00:00 UTC
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Italy ETFs: The Next Dominoes to Fall?
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DFE
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https://www.nasdaq.com/articles/italy-etfs-next-dominoes-fall-2012-06-12
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nan
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nan
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Traders are wondering which European shoe will be the next to drop - and they are not contemplating Christian Louboutins or Pradas. Instead, these traders are considering Euro Zone members. All eyes appear to be on Italy as the next European problem child to need some form of financial assistance, also known as a bailout.
Mired in a recession, Italy has one of the highest debt to GDP ratios in the developed world. That metric could top 129% this year and Citigroup has said Italy's debt/GDP could reach 137% in 2014. Not to mention, as the Euro Zone's third-largest economy, financial assistance for Italy would be a daunting task, perhaps one that can't be fulfilled.
Italian banks, while not quite in the dire straits as their Spanish counterparts, are not in the best of health. Investors have speculated that excess capital or lack thereof is an issue in the Italian financial system. That might be one reason why yields on 10-year Italian sovereigns were around 5.83% on Monday. The OECD forecast that Italy's economy will shrink 1.7% this year is almost certainly another reason Italian bond yields remain high and investor skepticism about Italy continues to be elevated.
To trade Italy's future, ETF investors can explore more than just the iShares MSCI Italy Index Fund (NYSE: EWI ). These other ETFs could be sensitive to glum news out of Italy going forward. Some members of the list may be surprises.
Global X FTSE Argentina 20 ETF (NYSE: ARGT ) This one may come as a surprise to some folks, but the Global X FTSE Argentina 20 ETF makes a list involving Italy because ARGT allocates about 14% of its weight to bank stocks. That's not the problem. What is the problem is that some Argentine banks are heavily exposed to European sovereign debt .
Several European Union countries, including Italy, enjoy trading partnerships with Argentina, but there is speculation those relationships have become strained in the wake of the Argentine government nationalizing YPF S.A. (NYSE: YPF ). That move has hurt Argentina with key economic partners and cast a black cloud over ARGT .
PowerShares S&P International Developed High Beta Portfolio ( IDHB ) The PowerShares S&P International Developed High Beta Portfolio, which debuted in February, lives up to its name and doesn't skimp on beta or exposure to controversial European nations. While stodgy Sweden represents almost 18% of IDHB's weight, five Euro Zone members combine for about 40% of the fund's weight, including a 10.3% allocation to Italy. Again, IDHB isn't for the faint of heart as it devotes almost a third of its weight to bank stocks.
PowerShares DB Italian Treasury Bond Futures ETN (NYSE: ITLY ) ITLY tracks the DB USD BTP Futures index, which features securities with an original term of no longer than 16 years and remaining term to maturity of not less than 8 years and 6 months. The ETN has a leveraged cousin in the form of the PowerShares DB 3x Italian Treasury Bond Futures ETN (NYSE: ITLT ).
As one might imagine, owning ITLY and ITLT hasn't been good for a portfolio's health recently. The fund's are down 5.8% and 16.5%, respectively, in the past three months.
WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) In a more sanguine market environment, the WisdomTree Europe SmallCap Dividend Fund would be an ETF plenty of folks would want to cozy up to. The combination of global stocks, dividends and small-caps under one umbrella is compelling, but a deeper look at this fund leaves one thinking "not now, maybe later."
Industrial, consumer discretionary and financial services names combine for about 62% of DFE's weight and those are sectors to be avoided amid Europe's backdrop of slowing growth. As if that's not bad enough, all of the PIIGS except Greece are represented in DFE. Italy leads the way with a weight of 8.8%. No wonder this ETF is down almost 12% in the past three months.
For more on Italy ETFs, please click HERE .
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Industrial, consumer discretionary and financial services names combine for about 62% of DFE's weight and those are sectors to be avoided amid Europe's backdrop of slowing growth. WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) In a more sanguine market environment, the WisdomTree Europe SmallCap Dividend Fund would be an ETF plenty of folks would want to cozy up to. As if that's not bad enough, all of the PIIGS except Greece are represented in DFE.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) In a more sanguine market environment, the WisdomTree Europe SmallCap Dividend Fund would be an ETF plenty of folks would want to cozy up to. Industrial, consumer discretionary and financial services names combine for about 62% of DFE's weight and those are sectors to be avoided amid Europe's backdrop of slowing growth. As if that's not bad enough, all of the PIIGS except Greece are represented in DFE.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) In a more sanguine market environment, the WisdomTree Europe SmallCap Dividend Fund would be an ETF plenty of folks would want to cozy up to. Industrial, consumer discretionary and financial services names combine for about 62% of DFE's weight and those are sectors to be avoided amid Europe's backdrop of slowing growth. As if that's not bad enough, all of the PIIGS except Greece are represented in DFE.
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WisdomTree Europe SmallCap Dividend Fund (NYSE: DFE ) In a more sanguine market environment, the WisdomTree Europe SmallCap Dividend Fund would be an ETF plenty of folks would want to cozy up to. Industrial, consumer discretionary and financial services names combine for about 62% of DFE's weight and those are sectors to be avoided amid Europe's backdrop of slowing growth. As if that's not bad enough, all of the PIIGS except Greece are represented in DFE.
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2011-06-05 00:00:00 UTC
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Beyond the SPY: Small Cap ETFs
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DFE
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https://www.nasdaq.com/articles/beyond-spy-small-cap-etfs-2011-06-05
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nan
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nan
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Small cap indexes represent 8-16% of the total US stock market. But many investors have no small cap exposure at all. They own strictly large companies. Thoughtful investors will equal-weight or even overweight small cap ETFs because historically small caps outperform their large cap brethren.
The chart below compares the small cap ETF iShares Russell 2000 Index (NYSEArca:IWM) with the large cap SPDR S&P 500 (SPY:NYSEArca).
The performance of the two ETFs in chart above is similar. Yet the funds shown here have effectively no overlapping holdings. IWM tracks the Russell 2000. The weighted average market cap of the Russell is about 1.5 billion. It median market cap is 0.6 billion. The S&P 500 has an average weighted market cap of about 24 billion. Its median market cap is 11.3 billion.
The chart above goes back just five years. Longer-term, small cap has performed better. In a study that tracks a 50-year period from 1956-2005 Fama and French concluded that small caps outperform large caps by 4% annually.
There are many reasons for a long-term outperformance of small cap. Smaller companies tend to be more nimble. They adapt quickly to market conditions. They are less hamstrung by bureaucracy than larger companies. And small companies are often acquired, boosting their price.
But there are risks in investing in small cap. Small cap ETFs hold less established companies. They tend to be more volatile than large cap ETFs. In times of market stress small cap companies typically underperform. They are more quickly sold.
What kind of underperformance can investors in small cap expect in weak markets? The iShares Russell 2000 Index (NYSEArca:IWM) has a beta of 1.20. Benchmark large cap ETFs that track the S&P 500 Index such as the SPDR S&P 500 (SPY:NYSEArca) have a beta of 1.00. If the SPY falls 1 point, expect IWM to fall 1.2 points. Of course, the same on the way up: for every 1 point the SPY goes up, expect IWM to go up 1.2 points. In strong markets small cap ETFs will usually outperform large cap funds.
Although they mostly perform similarly, small cap ETFs are not all alike. Small cap companies lie within the 750 to 2000 US stocks ranked by size. But some small cap ETFs hold relatively smaller companies within this range. Some hold relatively larger companies in this range.
Investors seeking exclusively small companies will want to examine IWM.
For more broad offerings investors should consider Vanguard's Small-Cap ETF (NYSEArca:VB) and SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC). These ETFs include mid-cap companies at one end, micro-cap at the other.
iShares S&P 600 Small Cap Index (NYSEArca:IJR) targets a tight band of larger-than-average small firms. It is one of the most popular small cap ETFs by volume.
Fees for the basic small-cap ETFs range from about 0.10% per year to about 0.25%. Although its net assets are smaller than some of the other funds, VB is a good choice for an investor with no specific index target in mind.
Like in other asset classes, even among very similar ETFs there is sometimes deviation. The SPDR and Vanguard products for example seem to use identical indexes. Both follow stocks ranked 751-2500. But the DJ Wilshire Small Cap Index and the MSCI US Small Cap 1750 Index commonly deviate by 1% per year, or more. Likely causes are specific filtering methodologies which result in different industry sector weightings.
A prudent course when deciding between any set of similar ETFs is to avoid those with high exposure to industries considered overvalued. We hesitate to call any one index better for the long-term just because it outperforms over specific periods. Reversion to the mean will likely occur. Still, it remains instructive to see how indexing methodology can cause two seemingly identical ETFs to diverge at times.
A list of popular small cap ETFs follows:
Plain Vanilla Small Cap ETFs
iShares Russell 2000 Index (NYSEArca:IWM)
SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC)
Vanguard Small Cap ETF (NYSEArca:VB)
Focused Small Cap ETFs
SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG)
SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV)
Vanguard Small-Cap Growth ETF (NYSEArca:VBK)
Vanguard Small-Cap Value ETF (NYSEArca:VBR)
iShares Morningstar Small Growth ETF (NYSEArca:JKK)
iShares Morningstar Small Value ETF (NYSEArca:JKL)
iShares Morningstar Small Core ETF (NYSEArca:JKJ)
iShares Russell 2000 Growth ETF (NYSEArca:IWO)
iShares Russell 2000 Value ETF (NYSEArca:IWN)
iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ)
iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT)
iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS)
Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG)
Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV)
International Small Cap ETFs
SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC)
SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX)
SPDR S&P International Small Cap ETF (NYSEArca:GWX)
WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS)
WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE)
WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ)
Sub-Sector Small Cap ETFs
PowerShares S&P SmallCap Financal (NasdaqGM:PSCF)
PowerShares S&P SmallCap Consumer Discretionary (NasdaqGM:PSCD)
PowerShares S&P SmallCap Consumer Stapl (NasdaqGM:PSCC)
PowerShares S&P SmallCap Energy (NasdaqGM:PSCE)
PowerShares S&P SmallCap Information Technology(NasdaqGM: PSCT)
PowerShares S&P SmallCap Utilities (NasdaqGM:PSCU)
PowerShares S&P SmallCap Health(NasdaqGM:PSCH)
PowerShares S&P SmallCap Industrials (NasdaqGM:PSCI)
PowerShares S&P SmallCap Materials (NasdaqGM:PSCM)
Fundamental Small Cap ETFs
Powershares Dynamic Small Cap Value Portfolio ETF (NYSEArca:PWY)
Powershares FTSE RAFI US 1500 Small-Mid Portfolio ETF (NYSEArca:PRFZ)
First Trust Small Cap Core AlphaDEX Fund (NYSEArca:FYX)
FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio ETF (NYSEArca:PDN)
PowerShares Dynamic Small Cap Growth ETF (NYSEArca:PWT)
PowerShares Dynamic Small Cap Portfolio ETF (NYSEArca:PJM)
RevenueShares Small Cap ETF (NYSEArca:RWJ)
Leveraged/Short Small Cap ETFs
ProShares Ultra Russell 2000 ETF (NYSEArca:UWM)
ProShares Ultra Russell 2000 Growth ETF (NYSEArca:UKK)
ProShares Ultra Russell 2000 Value ETF (NYSEArca:UVT)
ProShares UltraShort Russell 2000 ETF (NYSEArca:TWM)
ProShares UltraShort Russell 2000 Growth ETF (NYSEArca:SKK)
ProShares UltraShort Russell 2000 Value ETF (NYSEArca:SJH)
ProShares UltraShort SmallCap600 ETF (NYSEArca:SDD)
ProShares Short SmallCap 600 ETF (NYSEArca:SBB)
ProShares Ultra SmallCap 600 ETF (NYSEArca:SAA)
Jonathan Bernstein has been writing about ETFs since 2003 and is the author of Sector Trading: A Year in Exchange Traded Funds .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A list of popular small cap ETFs follows: Plain Vanilla Small Cap ETFs iShares Russell 2000 Index (NYSEArca:IWM) SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) Vanguard Small Cap ETF (NYSEArca:VB) Focused Small Cap ETFs SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG) SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV) Vanguard Small-Cap Growth ETF (NYSEArca:VBK) Vanguard Small-Cap Value ETF (NYSEArca:VBR) iShares Morningstar Small Growth ETF (NYSEArca:JKK) iShares Morningstar Small Value ETF (NYSEArca:JKL) iShares Morningstar Small Core ETF (NYSEArca:JKJ) iShares Russell 2000 Growth ETF (NYSEArca:IWO) iShares Russell 2000 Value ETF (NYSEArca:IWN) iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ) iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT) iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS) Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG) Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV) International Small Cap ETFs SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC) SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX) SPDR S&P International Small Cap ETF (NYSEArca:GWX) WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS) WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE) WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ) Sub-Sector Small Cap ETFs PowerShares S&P SmallCap Financal (NasdaqGM:PSCF) PowerShares S&P SmallCap Consumer Discretionary (NasdaqGM:PSCD) PowerShares S&P SmallCap Consumer Stapl (NasdaqGM:PSCC) PowerShares S&P SmallCap Energy (NasdaqGM:PSCE) PowerShares S&P SmallCap Information Technology(NasdaqGM: PSCT) PowerShares S&P SmallCap Utilities (NasdaqGM:PSCU) PowerShares S&P SmallCap Health(NasdaqGM:PSCH) PowerShares S&P SmallCap Industrials (NasdaqGM:PSCI) PowerShares S&P SmallCap Materials (NasdaqGM:PSCM) Fundamental Small Cap ETFs Powershares Dynamic Small Cap Value Portfolio ETF (NYSEArca:PWY) Powershares FTSE RAFI US 1500 Small-Mid Portfolio ETF (NYSEArca:PRFZ) First Trust Small Cap Core AlphaDEX Fund (NYSEArca:FYX) FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio ETF (NYSEArca:PDN) PowerShares Dynamic Small Cap Growth ETF (NYSEArca:PWT) PowerShares Dynamic Small Cap Portfolio ETF (NYSEArca:PJM) RevenueShares Small Cap ETF (NYSEArca:RWJ) Leveraged/Short Small Cap ETFs ProShares Ultra Russell 2000 ETF (NYSEArca:UWM) ProShares Ultra Russell 2000 Growth ETF (NYSEArca:UKK) ProShares Ultra Russell 2000 Value ETF (NYSEArca:UVT) ProShares UltraShort Russell 2000 ETF (NYSEArca:TWM) ProShares UltraShort Russell 2000 Growth ETF (NYSEArca:SKK) ProShares UltraShort Russell 2000 Value ETF (NYSEArca:SJH) ProShares UltraShort SmallCap600 ETF (NYSEArca:SDD) ProShares Short SmallCap 600 ETF (NYSEArca:SBB) ProShares Ultra SmallCap 600 ETF (NYSEArca:SAA) Jonathan Bernstein has been writing about ETFs since 2003 and is the author of Sector Trading: A Year in Exchange Traded Funds . Benchmark large cap ETFs that track the S&P 500 Index such as the SPDR S&P 500 (SPY:NYSEArca) have a beta of 1.00. Although its net assets are smaller than some of the other funds, VB is a good choice for an investor with no specific index target in mind.
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A list of popular small cap ETFs follows: Plain Vanilla Small Cap ETFs iShares Russell 2000 Index (NYSEArca:IWM) SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) Vanguard Small Cap ETF (NYSEArca:VB) Focused Small Cap ETFs SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG) SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV) Vanguard Small-Cap Growth ETF (NYSEArca:VBK) Vanguard Small-Cap Value ETF (NYSEArca:VBR) iShares Morningstar Small Growth ETF (NYSEArca:JKK) iShares Morningstar Small Value ETF (NYSEArca:JKL) iShares Morningstar Small Core ETF (NYSEArca:JKJ) iShares Russell 2000 Growth ETF (NYSEArca:IWO) iShares Russell 2000 Value ETF (NYSEArca:IWN) iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ) iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT) iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS) Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG) Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV) International Small Cap ETFs SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC) SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX) SPDR S&P International Small Cap ETF (NYSEArca:GWX) WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS) WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE) WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ) Sub-Sector Small Cap ETFs PowerShares S&P SmallCap Financal (NasdaqGM:PSCF) PowerShares S&P SmallCap Consumer Discretionary (NasdaqGM:PSCD) PowerShares S&P SmallCap Consumer Stapl (NasdaqGM:PSCC) PowerShares S&P SmallCap Energy (NasdaqGM:PSCE) PowerShares S&P SmallCap Information Technology(NasdaqGM: PSCT) PowerShares S&P SmallCap Utilities (NasdaqGM:PSCU) PowerShares S&P SmallCap Health(NasdaqGM:PSCH) PowerShares S&P SmallCap Industrials (NasdaqGM:PSCI) PowerShares S&P SmallCap Materials (NasdaqGM:PSCM) Fundamental Small Cap ETFs Powershares Dynamic Small Cap Value Portfolio ETF (NYSEArca:PWY) Powershares FTSE RAFI US 1500 Small-Mid Portfolio ETF (NYSEArca:PRFZ) First Trust Small Cap Core AlphaDEX Fund (NYSEArca:FYX) FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio ETF (NYSEArca:PDN) PowerShares Dynamic Small Cap Growth ETF (NYSEArca:PWT) PowerShares Dynamic Small Cap Portfolio ETF (NYSEArca:PJM) RevenueShares Small Cap ETF (NYSEArca:RWJ) Leveraged/Short Small Cap ETFs ProShares Ultra Russell 2000 ETF (NYSEArca:UWM) ProShares Ultra Russell 2000 Growth ETF (NYSEArca:UKK) ProShares Ultra Russell 2000 Value ETF (NYSEArca:UVT) ProShares UltraShort Russell 2000 ETF (NYSEArca:TWM) ProShares UltraShort Russell 2000 Growth ETF (NYSEArca:SKK) ProShares UltraShort Russell 2000 Value ETF (NYSEArca:SJH) ProShares UltraShort SmallCap600 ETF (NYSEArca:SDD) ProShares Short SmallCap 600 ETF (NYSEArca:SBB) ProShares Ultra SmallCap 600 ETF (NYSEArca:SAA) Jonathan Bernstein has been writing about ETFs since 2003 and is the author of Sector Trading: A Year in Exchange Traded Funds . The chart below compares the small cap ETF iShares Russell 2000 Index (NYSEArca:IWM) with the large cap SPDR S&P 500 (SPY:NYSEArca). For more broad offerings investors should consider Vanguard's Small-Cap ETF (NYSEArca:VB) and SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC).
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A list of popular small cap ETFs follows: Plain Vanilla Small Cap ETFs iShares Russell 2000 Index (NYSEArca:IWM) SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) Vanguard Small Cap ETF (NYSEArca:VB) Focused Small Cap ETFs SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG) SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV) Vanguard Small-Cap Growth ETF (NYSEArca:VBK) Vanguard Small-Cap Value ETF (NYSEArca:VBR) iShares Morningstar Small Growth ETF (NYSEArca:JKK) iShares Morningstar Small Value ETF (NYSEArca:JKL) iShares Morningstar Small Core ETF (NYSEArca:JKJ) iShares Russell 2000 Growth ETF (NYSEArca:IWO) iShares Russell 2000 Value ETF (NYSEArca:IWN) iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ) iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT) iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS) Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG) Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV) International Small Cap ETFs SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC) SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX) SPDR S&P International Small Cap ETF (NYSEArca:GWX) WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS) WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE) WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ) Sub-Sector Small Cap ETFs PowerShares S&P SmallCap Financal (NasdaqGM:PSCF) PowerShares S&P SmallCap Consumer Discretionary (NasdaqGM:PSCD) PowerShares S&P SmallCap Consumer Stapl (NasdaqGM:PSCC) PowerShares S&P SmallCap Energy (NasdaqGM:PSCE) PowerShares S&P SmallCap Information Technology(NasdaqGM: PSCT) PowerShares S&P SmallCap Utilities (NasdaqGM:PSCU) PowerShares S&P SmallCap Health(NasdaqGM:PSCH) PowerShares S&P SmallCap Industrials (NasdaqGM:PSCI) PowerShares S&P SmallCap Materials (NasdaqGM:PSCM) Fundamental Small Cap ETFs Powershares Dynamic Small Cap Value Portfolio ETF (NYSEArca:PWY) Powershares FTSE RAFI US 1500 Small-Mid Portfolio ETF (NYSEArca:PRFZ) First Trust Small Cap Core AlphaDEX Fund (NYSEArca:FYX) FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio ETF (NYSEArca:PDN) PowerShares Dynamic Small Cap Growth ETF (NYSEArca:PWT) PowerShares Dynamic Small Cap Portfolio ETF (NYSEArca:PJM) RevenueShares Small Cap ETF (NYSEArca:RWJ) Leveraged/Short Small Cap ETFs ProShares Ultra Russell 2000 ETF (NYSEArca:UWM) ProShares Ultra Russell 2000 Growth ETF (NYSEArca:UKK) ProShares Ultra Russell 2000 Value ETF (NYSEArca:UVT) ProShares UltraShort Russell 2000 ETF (NYSEArca:TWM) ProShares UltraShort Russell 2000 Growth ETF (NYSEArca:SKK) ProShares UltraShort Russell 2000 Value ETF (NYSEArca:SJH) ProShares UltraShort SmallCap600 ETF (NYSEArca:SDD) ProShares Short SmallCap 600 ETF (NYSEArca:SBB) ProShares Ultra SmallCap 600 ETF (NYSEArca:SAA) Jonathan Bernstein has been writing about ETFs since 2003 and is the author of Sector Trading: A Year in Exchange Traded Funds . Thoughtful investors will equal-weight or even overweight small cap ETFs because historically small caps outperform their large cap brethren. The chart below compares the small cap ETF iShares Russell 2000 Index (NYSEArca:IWM) with the large cap SPDR S&P 500 (SPY:NYSEArca).
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A list of popular small cap ETFs follows: Plain Vanilla Small Cap ETFs iShares Russell 2000 Index (NYSEArca:IWM) SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) Vanguard Small Cap ETF (NYSEArca:VB) Focused Small Cap ETFs SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG) SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV) Vanguard Small-Cap Growth ETF (NYSEArca:VBK) Vanguard Small-Cap Value ETF (NYSEArca:VBR) iShares Morningstar Small Growth ETF (NYSEArca:JKK) iShares Morningstar Small Value ETF (NYSEArca:JKL) iShares Morningstar Small Core ETF (NYSEArca:JKJ) iShares Russell 2000 Growth ETF (NYSEArca:IWO) iShares Russell 2000 Value ETF (NYSEArca:IWN) iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ) iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT) iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS) Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG) Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV) International Small Cap ETFs SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC) SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX) SPDR S&P International Small Cap ETF (NYSEArca:GWX) WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS) WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE) WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ) Sub-Sector Small Cap ETFs PowerShares S&P SmallCap Financal (NasdaqGM:PSCF) PowerShares S&P SmallCap Consumer Discretionary (NasdaqGM:PSCD) PowerShares S&P SmallCap Consumer Stapl (NasdaqGM:PSCC) PowerShares S&P SmallCap Energy (NasdaqGM:PSCE) PowerShares S&P SmallCap Information Technology(NasdaqGM: PSCT) PowerShares S&P SmallCap Utilities (NasdaqGM:PSCU) PowerShares S&P SmallCap Health(NasdaqGM:PSCH) PowerShares S&P SmallCap Industrials (NasdaqGM:PSCI) PowerShares S&P SmallCap Materials (NasdaqGM:PSCM) Fundamental Small Cap ETFs Powershares Dynamic Small Cap Value Portfolio ETF (NYSEArca:PWY) Powershares FTSE RAFI US 1500 Small-Mid Portfolio ETF (NYSEArca:PRFZ) First Trust Small Cap Core AlphaDEX Fund (NYSEArca:FYX) FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio ETF (NYSEArca:PDN) PowerShares Dynamic Small Cap Growth ETF (NYSEArca:PWT) PowerShares Dynamic Small Cap Portfolio ETF (NYSEArca:PJM) RevenueShares Small Cap ETF (NYSEArca:RWJ) Leveraged/Short Small Cap ETFs ProShares Ultra Russell 2000 ETF (NYSEArca:UWM) ProShares Ultra Russell 2000 Growth ETF (NYSEArca:UKK) ProShares Ultra Russell 2000 Value ETF (NYSEArca:UVT) ProShares UltraShort Russell 2000 ETF (NYSEArca:TWM) ProShares UltraShort Russell 2000 Growth ETF (NYSEArca:SKK) ProShares UltraShort Russell 2000 Value ETF (NYSEArca:SJH) ProShares UltraShort SmallCap600 ETF (NYSEArca:SDD) ProShares Short SmallCap 600 ETF (NYSEArca:SBB) ProShares Ultra SmallCap 600 ETF (NYSEArca:SAA) Jonathan Bernstein has been writing about ETFs since 2003 and is the author of Sector Trading: A Year in Exchange Traded Funds . The chart below compares the small cap ETF iShares Russell 2000 Index (NYSEArca:IWM) with the large cap SPDR S&P 500 (SPY:NYSEArca). In strong markets small cap ETFs will usually outperform large cap funds.
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2010-07-31 00:00:00 UTC
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Small Cap ETFs: The First One Now Will Later Be First?
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DFE
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https://www.nasdaq.com/articles/small-cap-etfs-first-one-now-will-later-be-first-2010-07-31
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Small cap ETFs have outperformed their large cap brethren for a decade. Can the trend continue?
Some argue this outpermance trend is even older. A Fama and French study concludes that small caps outperform large caps by 4% annually, for fifty years, from 1956-2005. This long record unsettles investors weaned on the inevitability of mean reversion.
The chart below compares the benchmark small cap ETF iShares Russell 2000 Index (NYSEArca:IWM) with the large cap benchmark iShares S&P 500 Index (NYSEArca:IVV) ove the last ten years.
Over the 10-year period shown in the chart the small cap IWM has returned about 30%. An investment in IVV has declined about as much. Long-term performance will vary depending on the time period, but as the chart shows, IWM has outperformed over virtually every period. The notable exception is the 4th quarter of 2008, when the small cap IWM fell much more sharply than the large cap IVV.
Mean reversion is the idea that 'the slow one now will later be fast as the first one now will later be last' (as a rock star legend once put it). This is an important idea for investors to keep in mind, particularly those prone to chasing hot stocks, because many of these stocks cool off creating steep losses. The problem with the mean reversion argument is that sometimes the fast one stays fast and the slow one stays slow, or quits the race altogether. Also, very long term studies such as Fama and French can be difficult to assess as the very notion of small changes. Many of the small caps of the 1950s would be classified as microcaps today.
IWM has a Price to Earnings (P/E) Ratio of about 17 compared to about 14 for the large cap IVV. This suggests that investors have higher expectations for small cap companies than large cap companies.
The idea that the fast will stay fast is the substance of the argument for small cap ETFs today. Looking back a decade, small caps ETFs were priced lower than larger cap funds in terms of earnings. Today it is the reverse.
Small cap ETFs are certainly appealing. Small cap companies are typically quicker to adapt to market conditions. They are less hamstrung by bureaucracy. And small cap companies tend to be overlooked by an investment community focused on the big cap bellwethers. Small companies are often acquired, boosting their price. And perhaps most important, small cap companies can grow into big cap companies, representing opportunities for investors. Big companies -- are already big.
IVV for example holds companies like IBM ( IBM ) (otherwise known as 'Big' Blue) with a market cap in excess of 150 billion. IWM holds, what might be considered by some to be a competitor to IBM, Informatica Corporation (NasdaqGS:INFA), a data servicing provider with a market cap of 2 billion- and no moniker.
Big caps have advantages too. They are well-known brands. They are well-diversified by geography. They are diversified by business interest. They have reliable income streams and established assets. They usually have political clout, wide moats, business models with barriers to entry, and yes- fat, which can come in handy during lean times. Some of the large companies are deemed vital to the US economy, to US interests or even to functioning markets. They are thought to be too big to fail.
One measure of volatility is beta. IWM has a long-term beta of about 1.2, which means that for every point the benchmark SPY moves IWM is expected to move 1.2 points, up or down. IWM's beta over the last six months is slightly higher. Small cap beta has grown with overall market volatility. But beta does not mean outperformance. The markets' strong uptrend over the past six months mirrors a downtrend over the previous six months. On a 1-year basis, large and small cap ETFs have more similar returns.
Although they often have very similar performance, small cap ETFs are not all alike. Small cap companies lie within the 750 to 2000 US stocks ranked by size. Investors seeking exclusively small companies will want to examine IWM. Vanguard's Small-Cap ETF (NYSEArca:VB) and SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) by contrast, are broad offerings pushing into mid-cap on one end and micro-cap on the other. iShares S&P600 Small Cap Index (NYSEArca:IJR), one of the most popular small cap ETFs by volume, targets a tight band of larger-than-average small firms.
Fees for the basic small-cap ETFs range from .10% per year to .25%, with Vanguard leading. Although its net assets are smaller than some of the other funds, VB is the obvious choice for an investor with no specific index target in mind.
At first blush the SPDR and Vanguard products seem to use identical indexes. But despite both following stocks ranked 751-2500, the DJ Wilshire Small Cap Index and the MSCI US Small Cap 1750 Index commonly deviate by 1% per year. Likely causes are specific filtering methodologies which result in different industry sector weightings. A prudent course when deciding between any set of similar ETFs is to avoid those with high exposure to industries considered overvalued. We hesitate to call the MSCI index better for the long-term just because it outperforms over specific periods. Reversion to the mean will likely allow the DJ Wilshire index to catch up. Nonetheless, it remains instructive to see how indexing methodology can cause two seemingly identical ETFs to diverge by 1% per year.
Small cap indexes generally represent 8-15% of the total US stock market, so it is easy to overweight small cap. This may be a good idea when the markets are strong and investor confidence is high. When investors become risk-adverse, overweighting small cap will produce inferior returns.
All assets classes are subject to systematic market risk (broad market movement). When the market is trending lower, even the best assets are sold and fall in value. When the market is hot, ownership in even the worst-performing companies is usually profitable. So any determination of potential return must begin with an investors own sense of the overall market direction. When times are tough, investors focus on survival and all the fat of large caps is important. When investor sentiment improves, it is the reverse. Investors become less risk-adverse. They focus on growth, potential and opportunity. Small caps rule.
So, for market bulls willing to overweight small cap ETFs, the best way to limit systematic risk and leverage the volatility of this asset class is to wait for a broad market sell off or a dip to buy.
Following is a list of small cap ETFs:
Plain Vanilla Small Cap ETFs
iShares Russell 2000 Index (NYSEArca:IWM)
SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC)
Vanguard Small Cap ETF (NYSEArca:VB)
Focused Small Cap ETFs
SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG)
SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV)
Vanguard Small-Cap Growth ETF (NYSEArca:VBK)
Vanguard Small-Cap Value ETF (NYSEArca:VBR)
iShares Morningstar Small Growth ETF (NYSEArca:JKK)
iShares Morningstar Small Value ETF (NYSEArca:JKL)
iShares Morningstar Small Core ETF (NYSEArca:JKJ)
iShares Russell 2000 Growth ETF (NYSEArca:IWO)
iShares Russell 2000 Value ETF (NYSEArca:IWN)
iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ)
iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT)
iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS)
Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG)
Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV)
International Small Cap ETFs
SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC)
SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX)
SPDR S&P International Small Cap ETF (NYSEArca:GWX)
WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS)
WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE)
WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ)
Fundamental Small Cap ETFs
(The following ETFs use fundamental financial ratios in proprietary picking formulas to try to beat the major indexes. They tend to cost .50% to 1% per year.)
Powershares Dynamic Small Cap Value Portfolio ETF (NYSEArca:PWY)
Powershares FTSE RAFI US 1500 Small-Mid Portfolio ETF (NYSEArca:PRFZ)
Powershares Zacks Small Cap Portfolio ETF (NYSEArca:PZJ)
First Trust Small Cap Core AlphaDEX Fund (NYSEArca:FYX)
FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio ETF (NYSEArca:PDN)
PowerShares Dynamic Small Cap Growth ETF (NYSEArca:PWT)
PowerShares Dynamic Small Cap Portfolio ETF (NYSEArca:PJM)
RevenueShares Small Cap ETF (NYSEArca:RWJ)
Leveraged/Short Small Cap ETFs
(Leveraged ETFs go long or short on small caps. These are best for experienced traders. While not cheap, leveraged ETFs typically are less expensive than broker margin loans per unit of leverage.)
Rydex ExpressShares 2x Russell 2000 ETF (NYSEArca:RRY)
Rydex ExpressShares Inverse 2x Russell 2000 ETF (NYSEArca:RRZ)
ProShares Ultra Russell 2000 ETF (NYSEArca:UWM)
ProShares Ultra Russell 2000 Growth ETF (NYSEArca:UKK)
ProShares Ultra Russell 2000 Value ETF (NYSEArca:UVT)
ProShares UltraShort Russell 2000 ETF (NYSEArca:TWM)
ProShares UltraShort Russell 2000 Growth ETF (NYSEArca:SKK)
ProShares UltraShort Russell 2000 Value ETF (NYSEArca:SJH)
ProShares UltraShort SmallCap600 ETF (NYSEArca:SDD)
ProShares Short SmallCap 600 ETF (NYSEArca:SBB)
ProShares Ultra SmallCap 600 ETF (NYSEArca:SAA)
Jonathan Bernstein has been writing about ETFs since 2003 and is the author of Sector Trading: A Year in Exchange Traded Funds .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Following is a list of small cap ETFs: Plain Vanilla Small Cap ETFs iShares Russell 2000 Index (NYSEArca:IWM) SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) Vanguard Small Cap ETF (NYSEArca:VB) Focused Small Cap ETFs SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG) SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV) Vanguard Small-Cap Growth ETF (NYSEArca:VBK) Vanguard Small-Cap Value ETF (NYSEArca:VBR) iShares Morningstar Small Growth ETF (NYSEArca:JKK) iShares Morningstar Small Value ETF (NYSEArca:JKL) iShares Morningstar Small Core ETF (NYSEArca:JKJ) iShares Russell 2000 Growth ETF (NYSEArca:IWO) iShares Russell 2000 Value ETF (NYSEArca:IWN) iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ) iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT) iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS) Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG) Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV) International Small Cap ETFs SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC) SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX) SPDR S&P International Small Cap ETF (NYSEArca:GWX) WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS) WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE) WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ) Fundamental Small Cap ETFs (The following ETFs use fundamental financial ratios in proprietary picking formulas to try to beat the major indexes. IWM holds, what might be considered by some to be a competitor to IBM, Informatica Corporation (NasdaqGS:INFA), a data servicing provider with a market cap of 2 billion- and no moniker. They usually have political clout, wide moats, business models with barriers to entry, and yes- fat, which can come in handy during lean times.
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Following is a list of small cap ETFs: Plain Vanilla Small Cap ETFs iShares Russell 2000 Index (NYSEArca:IWM) SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) Vanguard Small Cap ETF (NYSEArca:VB) Focused Small Cap ETFs SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG) SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV) Vanguard Small-Cap Growth ETF (NYSEArca:VBK) Vanguard Small-Cap Value ETF (NYSEArca:VBR) iShares Morningstar Small Growth ETF (NYSEArca:JKK) iShares Morningstar Small Value ETF (NYSEArca:JKL) iShares Morningstar Small Core ETF (NYSEArca:JKJ) iShares Russell 2000 Growth ETF (NYSEArca:IWO) iShares Russell 2000 Value ETF (NYSEArca:IWN) iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ) iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT) iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS) Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG) Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV) International Small Cap ETFs SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC) SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX) SPDR S&P International Small Cap ETF (NYSEArca:GWX) WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS) WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE) WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ) Fundamental Small Cap ETFs (The following ETFs use fundamental financial ratios in proprietary picking formulas to try to beat the major indexes. Powershares Dynamic Small Cap Value Portfolio ETF (NYSEArca:PWY) Powershares FTSE RAFI US 1500 Small-Mid Portfolio ETF (NYSEArca:PRFZ) Powershares Zacks Small Cap Portfolio ETF (NYSEArca:PZJ) First Trust Small Cap Core AlphaDEX Fund (NYSEArca:FYX) FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio ETF (NYSEArca:PDN) PowerShares Dynamic Small Cap Growth ETF (NYSEArca:PWT) PowerShares Dynamic Small Cap Portfolio ETF (NYSEArca:PJM) RevenueShares Small Cap ETF (NYSEArca:RWJ) Leveraged/Short Small Cap ETFs (Leveraged ETFs go long or short on small caps. Rydex ExpressShares 2x Russell 2000 ETF (NYSEArca:RRY) Rydex ExpressShares Inverse 2x Russell 2000 ETF (NYSEArca:RRZ) ProShares Ultra Russell 2000 ETF (NYSEArca:UWM) ProShares Ultra Russell 2000 Growth ETF (NYSEArca:UKK) ProShares Ultra Russell 2000 Value ETF (NYSEArca:UVT) ProShares UltraShort Russell 2000 ETF (NYSEArca:TWM) ProShares UltraShort Russell 2000 Growth ETF (NYSEArca:SKK) ProShares UltraShort Russell 2000 Value ETF (NYSEArca:SJH) ProShares UltraShort SmallCap600 ETF (NYSEArca:SDD) ProShares Short SmallCap 600 ETF (NYSEArca:SBB) ProShares Ultra SmallCap 600 ETF (NYSEArca:SAA) Jonathan Bernstein has been writing about ETFs since 2003 and is the author of Sector Trading: A Year in Exchange Traded Funds .
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Following is a list of small cap ETFs: Plain Vanilla Small Cap ETFs iShares Russell 2000 Index (NYSEArca:IWM) SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) Vanguard Small Cap ETF (NYSEArca:VB) Focused Small Cap ETFs SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG) SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV) Vanguard Small-Cap Growth ETF (NYSEArca:VBK) Vanguard Small-Cap Value ETF (NYSEArca:VBR) iShares Morningstar Small Growth ETF (NYSEArca:JKK) iShares Morningstar Small Value ETF (NYSEArca:JKL) iShares Morningstar Small Core ETF (NYSEArca:JKJ) iShares Russell 2000 Growth ETF (NYSEArca:IWO) iShares Russell 2000 Value ETF (NYSEArca:IWN) iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ) iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT) iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS) Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG) Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV) International Small Cap ETFs SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC) SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX) SPDR S&P International Small Cap ETF (NYSEArca:GWX) WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS) WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE) WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ) Fundamental Small Cap ETFs (The following ETFs use fundamental financial ratios in proprietary picking formulas to try to beat the major indexes. Powershares Dynamic Small Cap Value Portfolio ETF (NYSEArca:PWY) Powershares FTSE RAFI US 1500 Small-Mid Portfolio ETF (NYSEArca:PRFZ) Powershares Zacks Small Cap Portfolio ETF (NYSEArca:PZJ) First Trust Small Cap Core AlphaDEX Fund (NYSEArca:FYX) FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio ETF (NYSEArca:PDN) PowerShares Dynamic Small Cap Growth ETF (NYSEArca:PWT) PowerShares Dynamic Small Cap Portfolio ETF (NYSEArca:PJM) RevenueShares Small Cap ETF (NYSEArca:RWJ) Leveraged/Short Small Cap ETFs (Leveraged ETFs go long or short on small caps. Rydex ExpressShares 2x Russell 2000 ETF (NYSEArca:RRY) Rydex ExpressShares Inverse 2x Russell 2000 ETF (NYSEArca:RRZ) ProShares Ultra Russell 2000 ETF (NYSEArca:UWM) ProShares Ultra Russell 2000 Growth ETF (NYSEArca:UKK) ProShares Ultra Russell 2000 Value ETF (NYSEArca:UVT) ProShares UltraShort Russell 2000 ETF (NYSEArca:TWM) ProShares UltraShort Russell 2000 Growth ETF (NYSEArca:SKK) ProShares UltraShort Russell 2000 Value ETF (NYSEArca:SJH) ProShares UltraShort SmallCap600 ETF (NYSEArca:SDD) ProShares Short SmallCap 600 ETF (NYSEArca:SBB) ProShares Ultra SmallCap 600 ETF (NYSEArca:SAA) Jonathan Bernstein has been writing about ETFs since 2003 and is the author of Sector Trading: A Year in Exchange Traded Funds .
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Following is a list of small cap ETFs: Plain Vanilla Small Cap ETFs iShares Russell 2000 Index (NYSEArca:IWM) SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) Vanguard Small Cap ETF (NYSEArca:VB) Focused Small Cap ETFs SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG) SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV) Vanguard Small-Cap Growth ETF (NYSEArca:VBK) Vanguard Small-Cap Value ETF (NYSEArca:VBR) iShares Morningstar Small Growth ETF (NYSEArca:JKK) iShares Morningstar Small Value ETF (NYSEArca:JKL) iShares Morningstar Small Core ETF (NYSEArca:JKJ) iShares Russell 2000 Growth ETF (NYSEArca:IWO) iShares Russell 2000 Value ETF (NYSEArca:IWN) iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ) iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT) iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS) Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG) Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV) International Small Cap ETFs SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC) SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX) SPDR S&P International Small Cap ETF (NYSEArca:GWX) WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS) WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE) WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ) Fundamental Small Cap ETFs (The following ETFs use fundamental financial ratios in proprietary picking formulas to try to beat the major indexes. This suggests that investors have higher expectations for small cap companies than large cap companies. And perhaps most important, small cap companies can grow into big cap companies, representing opportunities for investors.
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81e8f5e3-fee3-4e76-b10a-64c3988c97d3
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728764.0
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2010-07-30 00:00:00 UTC
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Small Cap ETFs: The First One Now Will Later Be First?
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DFE
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https://www.nasdaq.com/articles/small-cap-etfs-first-one-now-will-later-be-first-2010-07-30
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Small cap ETFs have outperformed their large cap brethren for a decade. Can the trend continue?
Some argue this outpermance trend is even older. A Fama and French study concludes that small caps outperform large caps by 4% annually, for fifty years, from 1956-2005. This long record unsettles investors weaned on the inevitability of mean reversion.
The chart below compares the benchmark small cap ETF iShares Russell 2000 Index (NYSEArca:IWM) with the large cap benchmark iShares S&P 500 Index (NYSEArca:IVV) ove the last ten years.
Over the 10-year period shown in the chart the small cap IWM has returned about 30%. An investment in IVV has declined about as much. Long-term performance will vary depending on the time period, but as the chart shows, IWM has outperformed over virtually every period. The notable exception is the 4th quarter of 2008, when the small cap IWM fell much more sharply than the large cap IVV.
Mean reversion is the idea that 'the slow one now will later be fast as the first one now will later be last' (as a rock star legend once put it). This is an important idea for investors to keep in mind, particularly those prone to chasing hot stocks, because many of these stocks cool off creating steep losses. The problem with the mean reversion argument is that sometimes the fast one stays fast and the slow one stays slow, or quits the race altogether. Also, very long term studies such as Fama and French can be difficult to assess as the very notion of small changes. Many of the small caps of the 1950s would be classified as microcaps today.
IWM has a Price to Earnings (P/E) Ratio of about 17 compared to about 14 for the large cap IVV. This suggests that investors have higher expectations for small cap companies than large cap companies.
The idea that the fast will stay fast is the substance of the argument for small cap ETFs today. Looking back a decade, small caps ETFs were priced lower than larger cap funds in terms of earnings. Today it is the reverse.
Small cap ETFs are certainly appealing. Small cap companies are typically quicker to adapt to market conditions. They are less hamstrung by bureaucracy. And small cap companies tend to be overlooked by an investment community focused on the big cap bellwethers. Small companies are often acquired, boosting their price. And perhaps most important, small cap companies can grow into big cap companies, representing opportunities for investors. Big companies -- are already big.
IVV for example holds companies like IBM ( IBM ) (otherwise known as 'Big' Blue) with a market cap in excess of 150 billion. IWM holds, what might be considered by some to be a competitor to IBM, Informatica Corporation (NasdaqGS:INFA), a data servicing provider with a market cap of 2 billion- and no moniker.
Big caps have advantages too. They are well-known brands. They are well-diversified by geography. They are diversified by business interest. They have reliable income streams and established assets. They usually have political clout, wide moats, business models with barriers to entry, and yes- fat, which can come in handy during lean times. Some of the large companies are deemed vital to the US economy, to US interests or even to functioning markets. They are thought to be too big to fail.
One measure of volatility is beta. IWM has a long-term beta of about 1.2, which means that for every point the benchmark SPY moves IWM is expected to move 1.2 points, up or down. IWM's beta over the last six months is slightly higher. Small cap beta has grown with overall market volatility. But beta does not mean outperformance. The markets' strong uptrend over the past six months mirrors a downtrend over the previous six months. On a 1-year basis, large and small cap ETFs have more similar returns.
Although they often have very similar performance, small cap ETFs are not all alike. Small cap companies lie within the 750 to 2000 US stocks ranked by size. Investors seeking exclusively small companies will want to examine IWM. Vanguard's Small-Cap ETF (NYSEArca:VB) and SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) by contrast, are broad offerings pushing into mid-cap on one end and micro-cap on the other. iShares S&P600 Small Cap Index (NYSEArca:IJR), one of the most popular small cap ETFs by volume, targets a tight band of larger-than-average small firms.
Fees for the basic small-cap ETFs range from .10% per year to .25%, with Vanguard leading. Although its net assets are smaller than some of the other funds, VB is the obvious choice for an investor with no specific index target in mind.
At first blush the SPDR and Vanguard products seem to use identical indexes. But despite both following stocks ranked 751-2500, the DJ Wilshire Small Cap Index and the MSCI US Small Cap 1750 Index commonly deviate by 1% per year. Likely causes are specific filtering methodologies which result in different industry sector weightings. A prudent course when deciding between any set of similar ETFs is to avoid those with high exposure to industries considered overvalued. We hesitate to call the MSCI index better for the long-term just because it outperforms over specific periods. Reversion to the mean will likely allow the DJ Wilshire index to catch up. Nonetheless, it remains instructive to see how indexing methodology can cause two seemingly identical ETFs to diverge by 1% per year.
Small cap indexes generally represent 8-15% of the total US stock market, so it is easy to overweight small cap. This may be a good idea when the markets are strong and investor confidence is high. When investors become risk-adverse, overweighting small cap will produce inferior returns.
All assets classes are subject to systematic market risk (broad market movement). When the market is trending lower, even the best assets are sold and fall in value. When the market is hot, ownership in even the worst-performing companies is usually profitable. So any determination of potential return must begin with an investors own sense of the overall market direction. When times are tough, investors focus on survival and all the fat of large caps is important. When investor sentiment improves, it is the reverse. Investors become less risk-adverse. They focus on growth, potential and opportunity. Small caps rule.
So, for market bulls willing to overweight small cap ETFs, the best way to limit systematic risk and leverage the volatility of this asset class is to wait for a broad market sell off or a dip to buy.
Following is a list of small cap ETFs:
Plain Vanilla Small Cap ETFs
iShares Russell 2000 Index (NYSEArca:IWM)
SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC)
Vanguard Small Cap ETF (NYSEArca:VB)
Focused Small Cap ETFs
SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG)
SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV)
Vanguard Small-Cap Growth ETF (NYSEArca:VBK)
Vanguard Small-Cap Value ETF (NYSEArca:VBR)
iShares Morningstar Small Growth ETF (NYSEArca:JKK)
iShares Morningstar Small Value ETF (NYSEArca:JKL)
iShares Morningstar Small Core ETF (NYSEArca:JKJ)
iShares Russell 2000 Growth ETF (NYSEArca:IWO)
iShares Russell 2000 Value ETF (NYSEArca:IWN)
iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ)
iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT)
iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS)
Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG)
Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV)
International Small Cap ETFs
SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC)
SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX)
SPDR S&P International Small Cap ETF (NYSEArca:GWX)
WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS)
WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE)
WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ)
Fundamental Small Cap ETFs
(The following ETFs use fundamental financial ratios in proprietary picking formulas to try to beat the major indexes. They tend to cost .50% to 1% per year.)
Powershares Dynamic Small Cap Value Portfolio ETF (NYSEArca:PWY)
Powershares FTSE RAFI US 1500 Small-Mid Portfolio ETF (NYSEArca:PRFZ)
Powershares Zacks Small Cap Portfolio ETF (NYSEArca:PZJ)
First Trust Small Cap Core AlphaDEX Fund (NYSEArca:FYX)
FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio ETF (NYSEArca:PDN)
PowerShares Dynamic Small Cap Growth ETF (NYSEArca:PWT)
PowerShares Dynamic Small Cap Portfolio ETF (NYSEArca:PJM)
RevenueShares Small Cap ETF (NYSEArca:RWJ)
Leveraged/Short Small Cap ETFs
(Leveraged ETFs go long or short on small caps. These are best for experienced traders. While not cheap, leveraged ETFs typically are less expensive than broker margin loans per unit of leverage.)
Rydex ExpressShares 2x Russell 2000 ETF (NYSEArca:RRY)
Rydex ExpressShares Inverse 2x Russell 2000 ETF (NYSEArca:RRZ)
ProShares Ultra Russell 2000 ETF (NYSEArca:UWM)
ProShares Ultra Russell 2000 Growth ETF (NYSEArca:UKK)
ProShares Ultra Russell 2000 Value ETF (NYSEArca:UVT)
ProShares UltraShort Russell 2000 ETF (NYSEArca:TWM)
ProShares UltraShort Russell 2000 Growth ETF (NYSEArca:SKK)
ProShares UltraShort Russell 2000 Value ETF (NYSEArca:SJH)
ProShares UltraShort SmallCap600 ETF (NYSEArca:SDD)
ProShares Short SmallCap 600 ETF (NYSEArca:SBB)
ProShares Ultra SmallCap 600 ETF (NYSEArca:SAA)
Jonathan Bernstein has been writing about ETFs since 2003 and is the author of Sector Trading: A Year in Exchange Traded Funds .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Following is a list of small cap ETFs: Plain Vanilla Small Cap ETFs iShares Russell 2000 Index (NYSEArca:IWM) SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) Vanguard Small Cap ETF (NYSEArca:VB) Focused Small Cap ETFs SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG) SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV) Vanguard Small-Cap Growth ETF (NYSEArca:VBK) Vanguard Small-Cap Value ETF (NYSEArca:VBR) iShares Morningstar Small Growth ETF (NYSEArca:JKK) iShares Morningstar Small Value ETF (NYSEArca:JKL) iShares Morningstar Small Core ETF (NYSEArca:JKJ) iShares Russell 2000 Growth ETF (NYSEArca:IWO) iShares Russell 2000 Value ETF (NYSEArca:IWN) iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ) iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT) iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS) Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG) Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV) International Small Cap ETFs SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC) SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX) SPDR S&P International Small Cap ETF (NYSEArca:GWX) WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS) WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE) WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ) Fundamental Small Cap ETFs (The following ETFs use fundamental financial ratios in proprietary picking formulas to try to beat the major indexes. IWM holds, what might be considered by some to be a competitor to IBM, Informatica Corporation (NasdaqGS:INFA), a data servicing provider with a market cap of 2 billion- and no moniker. They usually have political clout, wide moats, business models with barriers to entry, and yes- fat, which can come in handy during lean times.
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Following is a list of small cap ETFs: Plain Vanilla Small Cap ETFs iShares Russell 2000 Index (NYSEArca:IWM) SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) Vanguard Small Cap ETF (NYSEArca:VB) Focused Small Cap ETFs SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG) SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV) Vanguard Small-Cap Growth ETF (NYSEArca:VBK) Vanguard Small-Cap Value ETF (NYSEArca:VBR) iShares Morningstar Small Growth ETF (NYSEArca:JKK) iShares Morningstar Small Value ETF (NYSEArca:JKL) iShares Morningstar Small Core ETF (NYSEArca:JKJ) iShares Russell 2000 Growth ETF (NYSEArca:IWO) iShares Russell 2000 Value ETF (NYSEArca:IWN) iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ) iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT) iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS) Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG) Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV) International Small Cap ETFs SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC) SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX) SPDR S&P International Small Cap ETF (NYSEArca:GWX) WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS) WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE) WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ) Fundamental Small Cap ETFs (The following ETFs use fundamental financial ratios in proprietary picking formulas to try to beat the major indexes. Powershares Dynamic Small Cap Value Portfolio ETF (NYSEArca:PWY) Powershares FTSE RAFI US 1500 Small-Mid Portfolio ETF (NYSEArca:PRFZ) Powershares Zacks Small Cap Portfolio ETF (NYSEArca:PZJ) First Trust Small Cap Core AlphaDEX Fund (NYSEArca:FYX) FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio ETF (NYSEArca:PDN) PowerShares Dynamic Small Cap Growth ETF (NYSEArca:PWT) PowerShares Dynamic Small Cap Portfolio ETF (NYSEArca:PJM) RevenueShares Small Cap ETF (NYSEArca:RWJ) Leveraged/Short Small Cap ETFs (Leveraged ETFs go long or short on small caps. Rydex ExpressShares 2x Russell 2000 ETF (NYSEArca:RRY) Rydex ExpressShares Inverse 2x Russell 2000 ETF (NYSEArca:RRZ) ProShares Ultra Russell 2000 ETF (NYSEArca:UWM) ProShares Ultra Russell 2000 Growth ETF (NYSEArca:UKK) ProShares Ultra Russell 2000 Value ETF (NYSEArca:UVT) ProShares UltraShort Russell 2000 ETF (NYSEArca:TWM) ProShares UltraShort Russell 2000 Growth ETF (NYSEArca:SKK) ProShares UltraShort Russell 2000 Value ETF (NYSEArca:SJH) ProShares UltraShort SmallCap600 ETF (NYSEArca:SDD) ProShares Short SmallCap 600 ETF (NYSEArca:SBB) ProShares Ultra SmallCap 600 ETF (NYSEArca:SAA) Jonathan Bernstein has been writing about ETFs since 2003 and is the author of Sector Trading: A Year in Exchange Traded Funds .
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Following is a list of small cap ETFs: Plain Vanilla Small Cap ETFs iShares Russell 2000 Index (NYSEArca:IWM) SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) Vanguard Small Cap ETF (NYSEArca:VB) Focused Small Cap ETFs SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG) SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV) Vanguard Small-Cap Growth ETF (NYSEArca:VBK) Vanguard Small-Cap Value ETF (NYSEArca:VBR) iShares Morningstar Small Growth ETF (NYSEArca:JKK) iShares Morningstar Small Value ETF (NYSEArca:JKL) iShares Morningstar Small Core ETF (NYSEArca:JKJ) iShares Russell 2000 Growth ETF (NYSEArca:IWO) iShares Russell 2000 Value ETF (NYSEArca:IWN) iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ) iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT) iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS) Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG) Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV) International Small Cap ETFs SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC) SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX) SPDR S&P International Small Cap ETF (NYSEArca:GWX) WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS) WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE) WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ) Fundamental Small Cap ETFs (The following ETFs use fundamental financial ratios in proprietary picking formulas to try to beat the major indexes. Powershares Dynamic Small Cap Value Portfolio ETF (NYSEArca:PWY) Powershares FTSE RAFI US 1500 Small-Mid Portfolio ETF (NYSEArca:PRFZ) Powershares Zacks Small Cap Portfolio ETF (NYSEArca:PZJ) First Trust Small Cap Core AlphaDEX Fund (NYSEArca:FYX) FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio ETF (NYSEArca:PDN) PowerShares Dynamic Small Cap Growth ETF (NYSEArca:PWT) PowerShares Dynamic Small Cap Portfolio ETF (NYSEArca:PJM) RevenueShares Small Cap ETF (NYSEArca:RWJ) Leveraged/Short Small Cap ETFs (Leveraged ETFs go long or short on small caps. Rydex ExpressShares 2x Russell 2000 ETF (NYSEArca:RRY) Rydex ExpressShares Inverse 2x Russell 2000 ETF (NYSEArca:RRZ) ProShares Ultra Russell 2000 ETF (NYSEArca:UWM) ProShares Ultra Russell 2000 Growth ETF (NYSEArca:UKK) ProShares Ultra Russell 2000 Value ETF (NYSEArca:UVT) ProShares UltraShort Russell 2000 ETF (NYSEArca:TWM) ProShares UltraShort Russell 2000 Growth ETF (NYSEArca:SKK) ProShares UltraShort Russell 2000 Value ETF (NYSEArca:SJH) ProShares UltraShort SmallCap600 ETF (NYSEArca:SDD) ProShares Short SmallCap 600 ETF (NYSEArca:SBB) ProShares Ultra SmallCap 600 ETF (NYSEArca:SAA) Jonathan Bernstein has been writing about ETFs since 2003 and is the author of Sector Trading: A Year in Exchange Traded Funds .
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Following is a list of small cap ETFs: Plain Vanilla Small Cap ETFs iShares Russell 2000 Index (NYSEArca:IWM) SPDR Dow Jones Wilshire Small Cap ETF (NYSEArca:DSC) Vanguard Small Cap ETF (NYSEArca:VB) Focused Small Cap ETFs SPDR Dow Jones Wilshire Small Cap Growth ETF (NYSEArca:DSG) SPDR Dow Jones Wilshire Small Cap Value ETF (NYSEArca:DSV) Vanguard Small-Cap Growth ETF (NYSEArca:VBK) Vanguard Small-Cap Value ETF (NYSEArca:VBR) iShares Morningstar Small Growth ETF (NYSEArca:JKK) iShares Morningstar Small Value ETF (NYSEArca:JKL) iShares Morningstar Small Core ETF (NYSEArca:JKJ) iShares Russell 2000 Growth ETF (NYSEArca:IWO) iShares Russell 2000 Value ETF (NYSEArca:IWN) iShares MSCI EAFE Small Cap Index Fund (NYSEArca:SCZ) iShares S&P SmallCap 600 Growth Index Fund (NYSEArca:IJT) iShares S&P SmallCap 600 Value Index Fund (NYSEArca:IJS) Rydex S&P SmallCap 600 Pure Growth ETF (NYSEArca:RZG) Rydex S&P SmallCap 600 Pure Value ETF (NYSEArca:RZV) International Small Cap ETFs SPDR Russell/Nomura Small Cap Japan ETF (NYSEArca:JSC) SPDR S&P Emerging Markets Small Cap ETF (NYSEArca:EWX) SPDR S&P International Small Cap ETF (NYSEArca:GWX) WisdomTree International SmallCap Dividend Fund (NYSEArca:DLS) WisdomTree Europe SmallCap Dividend Fund (NYSEArca:DFE) WisdomTree Japan SmallCap Dividend Fund (NYSEArca:DFJ) Fundamental Small Cap ETFs (The following ETFs use fundamental financial ratios in proprietary picking formulas to try to beat the major indexes. This suggests that investors have higher expectations for small cap companies than large cap companies. And perhaps most important, small cap companies can grow into big cap companies, representing opportunities for investors.
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2010-03-23 00:00:00 UTC
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IndexIQ's New Small Cap Australia and Canada ETFs Highlight the Case for Investment
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DFE
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https://www.nasdaq.com/articles/indexiqs-new-small-cap-australia-and-canada-etfs-highlight-case-investment-2010-03-23
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nan
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Michael Johnston submits:
CNDA KROO
While existing products track the Canadian and Australian equity markets, these will be the first to focus on small cap stocks in these countries. "Investors targeting Canada or Australia typically have been required to invest in funds with broad-based exposure to large cap and global companies domiciled or operating in these markets," said Adam Patti, chief executive officer at IndexIQ. "However, these domestic economies have their own important dynamics, driven by oil, gas, and metals production in Canada, and coal and metals production in Australia. CNDA and KROO are vehicles dedicated to providing investment exposure to the domestic growth potential of these two countries."
One of the emerging trends in the ETF industry over the last year has been increased granularity in international equity markets. While there are ETFs available to U.S. investors that target nearly sector and sub-sector of the domestic economy, options for international exposure are still relatively limited. While nearly every corner of the globe is accessible through a U.S.-listed ETF, many international equity funds are dominated by mega-cap equities that generate revenue and profits from various markets around the world. As such, these ETFs may not offer investors the same exposure to the local economy that small cap funds would.
RegionTicker
Brazil is a good example. Since its launch in May 2009, the Market Vectors Brazil Small Cap ETF ( BRF ) is up about 87%. Over that same period, the iShares MSCI Brazil Index Fund ( EWZ ), which invests primarily in mega-cap multi-national stocks, is up about 52%. It's unlikely that small caps will always outperform large caps-the exact opposite will probably occur at times-but the huge return gap between these funds demonstrates that small cap Brazilian stocks maintain a significantly different risk profile than their large cap counterparts.
Already a number of small cap international ETF options have been launched, and KROO and CNDA now join this list. Other ETFs offering exposure to small caps in various international markets are presented in the adjacent table.
EWAKROO
Australia presents a compelling investment case in the current environment, recently becoming the first G-20 country to raise interest rates following the global recession. Australia's economy is expected to expand by between 3% and 4% in 2010, a significantly higher growth rate than those expected for other developed economies. Moreover, Australia has become one of China's largest trading partners in recent years, as demand for raw materials produced in Australia's mines has surged as China's growth has accelerated.
Prior to the launch of KROO, the only ETF offering pure play exposure to Australian equities was the iShares MSCI Australia Index Fund ( EWA ). While both of these ETFs target Australian equities, their composition will be very different. The index underlying KROO has an average market capitalization of about $1.3 billion, compared to $47 billion for the MSCI Australia Index. EWA consists of about 75 equities, and has its heaviest allocations to financials and materials sectors (45% and 26%, respectively). KROO's index makes an allocation of only about 10% to financials, with consumer discretionaries accounting for a big chunk (nearly 25%). Less than 3% of EWA's holdings are currently in the discretionary sector.
The case for an investment in Canadian small caps centers around the country's position to benefit from increased global demand for energy. Canada is the world's third largest natural gas producer and seventh largest oil producer. Canada is also one of the few net exporters of energy-related commodities, and is the largest supplier of oil, natural gas, uranium, and electricity to the U.S.
Not surprisingly, the index underlying CNDA makes its largest allocations to the materials (50.5%) and energy (19.8%) sectors. The iShares MSCI Canada Index Fund ( EWC ) allocates only about 19% of its holdings to materials, giving the largest weighting to financials (this sector accounts for about 34% of EWC and just 7% of CNDA). EWC has an average market cap of about $28 billion, compared to just $1.7 billion for CNDA.
Disclosure: No positions at time of writing.
More on choosing the right ETF
See also Chinese Dairies Still Suffering From 2008's Milk Scandal on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"Investors targeting Canada or Australia typically have been required to invest in funds with broad-based exposure to large cap and global companies domiciled or operating in these markets," said Adam Patti, chief executive officer at IndexIQ. Australia presents a compelling investment case in the current environment, recently becoming the first G-20 country to raise interest rates following the global recession. Prior to the launch of KROO, the only ETF offering pure play exposure to Australian equities was the iShares MSCI Australia Index Fund ( EWA ).
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Prior to the launch of KROO, the only ETF offering pure play exposure to Australian equities was the iShares MSCI Australia Index Fund ( EWA ). The index underlying KROO has an average market capitalization of about $1.3 billion, compared to $47 billion for the MSCI Australia Index. The iShares MSCI Canada Index Fund ( EWC ) allocates only about 19% of its holdings to materials, giving the largest weighting to financials (this sector accounts for about 34% of EWC and just 7% of CNDA).
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"Investors targeting Canada or Australia typically have been required to invest in funds with broad-based exposure to large cap and global companies domiciled or operating in these markets," said Adam Patti, chief executive officer at IndexIQ. It's unlikely that small caps will always outperform large caps-the exact opposite will probably occur at times-but the huge return gap between these funds demonstrates that small cap Brazilian stocks maintain a significantly different risk profile than their large cap counterparts. Prior to the launch of KROO, the only ETF offering pure play exposure to Australian equities was the iShares MSCI Australia Index Fund ( EWA ).
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While there are ETFs available to U.S. investors that target nearly sector and sub-sector of the domestic economy, options for international exposure are still relatively limited. Prior to the launch of KROO, the only ETF offering pure play exposure to Australian equities was the iShares MSCI Australia Index Fund ( EWA ). The iShares MSCI Canada Index Fund ( EWC ) allocates only about 19% of its holdings to materials, giving the largest weighting to financials (this sector accounts for about 34% of EWC and just 7% of CNDA).
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728766.0
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2023-12-05 00:00:00 UTC
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Is Donnelley Financial Solutions (DFIN) Stock Outpacing Its Computer and Technology Peers This Year?
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DFIN
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https://www.nasdaq.com/articles/is-donnelley-financial-solutions-dfin-stock-outpacing-its-computer-and-technology-peers-0
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nan
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nan
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Donnelley Financial Solutions (DFIN) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Donnelley Financial Solutions is a member of the Computer and Technology sector. This group includes 625 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Donnelley Financial Solutions is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DFIN's full-year earnings has moved 1.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, DFIN has gained about 52.6% so far this year. At the same time, Computer and Technology stocks have gained an average of 44.5%. This means that Donnelley Financial Solutions is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Screen Holdings Co., Ltd (DINRF). The stock is up 127.7% year-to-date.
The consensus estimate for Screen Holdings Co., Ltd's current year EPS has increased 4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Donnelley Financial Solutions belongs to the Internet - Software and Services industry, a group that includes 11 individual stocks and currently sits at #18 in the Zacks Industry Rank. On average, stocks in this group have gained 22.5% this year, meaning that DFIN is performing better in terms of year-to-date returns.
Screen Holdings Co., Ltd, however, belongs to the Semiconductor - General industry. Currently, this 8-stock industry is ranked #37. The industry has moved +126.6% so far this year.
Investors interested in the Computer and Technology sector may want to keep a close eye on Donnelley Financial Solutions and Screen Holdings Co., Ltd as they attempt to continue their solid performance.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report
Screen Holdings Co., Ltd (DINRF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On average, stocks in this group have gained 22.5% this year, meaning that DFIN is performing better in terms of year-to-date returns. Is Donnelley Financial Solutions (DFIN) one of those stocks right now? Over the past 90 days, the Zacks Consensus Estimate for DFIN's full-year earnings has moved 1.3% higher.
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Click to get this free report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Screen Holdings Co., Ltd (DINRF) : Free Stock Analysis Report To read this article on Zacks.com click here. Is Donnelley Financial Solutions (DFIN) one of those stocks right now? Over the past 90 days, the Zacks Consensus Estimate for DFIN's full-year earnings has moved 1.3% higher.
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Click to get this free report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Screen Holdings Co., Ltd (DINRF) : Free Stock Analysis Report To read this article on Zacks.com click here. Is Donnelley Financial Solutions (DFIN) one of those stocks right now? Over the past 90 days, the Zacks Consensus Estimate for DFIN's full-year earnings has moved 1.3% higher.
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Is Donnelley Financial Solutions (DFIN) one of those stocks right now? Over the past 90 days, the Zacks Consensus Estimate for DFIN's full-year earnings has moved 1.3% higher. Based on the latest available data, DFIN has gained about 52.6% so far this year.
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728767.0
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2023-11-16 00:00:00 UTC
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Is Intel (INTC) Stock Outpacing Its Computer and Technology Peers This Year?
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DFIN
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https://www.nasdaq.com/articles/is-intel-intc-stock-outpacing-its-computer-and-technology-peers-this-year
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nan
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nan
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Intel (INTC) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Intel is one of 625 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Intel is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for INTC's full-year earnings has moved 300.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, INTC has moved about 53.7% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 44.7% on a year-to-date basis. As we can see, Intel is performing better than its sector in the calendar year.
One other Computer and Technology stock that has outperformed the sector so far this year is Donnelley Financial Solutions (DFIN). The stock is up 45.4% year-to-date.
For Donnelley Financial Solutions, the consensus EPS estimate for the current year has increased 1.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Intel belongs to the Semiconductor - General industry, which includes 8 individual stocks and currently sits at #44 in the Zacks Industry Rank. Stocks in this group have gained about 137.1% so far this year, so INTC is slightly underperforming its industry this group in terms of year-to-date returns.
On the other hand, Donnelley Financial Solutions belongs to the Internet - Software and Services industry. This 11-stock industry is currently ranked #36. The industry has moved +26.5% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Intel and Donnelley Financial Solutions as they attempt to continue their solid performance.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intel Corporation (INTC) : Free Stock Analysis Report
Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One other Computer and Technology stock that has outperformed the sector so far this year is Donnelley Financial Solutions (DFIN). Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months.
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One other Computer and Technology stock that has outperformed the sector so far this year is Donnelley Financial Solutions (DFIN). Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report To read this article on Zacks.com click here. The Computer and Technology group currently sits at #6 within the Zacks Sector Rank.
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Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report To read this article on Zacks.com click here. One other Computer and Technology stock that has outperformed the sector so far this year is Donnelley Financial Solutions (DFIN). The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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One other Computer and Technology stock that has outperformed the sector so far this year is Donnelley Financial Solutions (DFIN). Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report To read this article on Zacks.com click here. Has Intel (INTC) been one of those stocks this year?
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2023-11-06 00:00:00 UTC
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Zacks Value Investor Highlights: Visa, Netflix, Bank of America, Vertiv and Donnelley Financial
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DFIN
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https://www.nasdaq.com/articles/zacks-value-investor-highlights%3A-visa-netflix-bank-of-america-vertiv-and-donnelley
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nan
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For Immediate Release
Chicago, IL – November 6, 2023 – Zacks Value Investor is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/2177706/how-to-find-the-next-stock-winners
How to Find the Next Stock Winners
Welcome to Episode #348 of the Value Investor Podcast.
(1:00) - Finding The Next Industry Heading Into A Bull Market
(7:20) - Tracey’s Top Stock Picks: Where Should You Be Looking Right Now?
(31:00) - Episode Roundup: V, NFLX, BAC, XOM, CVX, VRT, DFIN
Podcast@Zacks.com
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
With the growth stock rebound seemingly stalling, suddenly, valuations do matter. The day of reckoning seems to have come for those companies trading at 50, or 60 times, forward earnings. Many have pulled back from 2021 highs.
But should investors be diving into what worked in the past, like FAANG, when trying to find the next winners, or should they look at what might work in the future?
Screening for Future Winners
There are no set screens you can run, unfortunately, which will tell you which companies will be the next decade’s big winner. I wish it was that easy to find the “next” Apple.
But investors can use screening tools, like screening for top Zacks Rank Strong Buy stocks, to help weed through the lists of stocks and get some names to start your search.
Investors are going to have to do a lot of research and drilling down into the company’s details, however. And not every stock investment will turn out as well as expected. There are no guarantees.
Past, and Future, Stock Winners
1. Visa Inc. V
Visa has been a big winner since it went public in 2008. Warren Buffett even owns it in the Berkshire Hathaway portfolio. If you had bought it’s 2008 IPO, you would have seen gains of 1,372%.
However, shares of Visa have stalled in the last 2 years, gaining just 12.6% during that period. But in 2021, when it hit new highs, Visa was trading with the sky-high P/E of 45 and in 2023, it is trading at just 24x.
Has the valuation finally caught up with Visa?
2. Netflix, Inc. NFLX
Netflix was THE stock to own over the last 20 years. Since it’s 2002 IPO, it’s up 35,561%. But over the last 2 years, Netflix has given up some of its momentum, falling 34.9%.
Netflix isn’t cheap, trading with a forward P/E of 34.
Is Netflix’s amazing run finally over?
3. Bank of America Corp. BAC
Bank of America is one of the largest holdings in Berkshire Hathaway’s equity portfolio and is one of the largest banks in the United States. But shares have struggled. Bank of America is down 41% over the last 2 years and is down 1.0% over the last 5 years.
It’s dirt cheap now, trading at 7.4x. Bank of America also has a price-to-book ratio of just 0.8. A P/B ratio under 1.0 for a bank is very cheap.
Bank of America pays a dividend, yielding 3.6%.
Are you daring enough to put Bank of America on your watch list?
4. Vertiv Holdings Co. VRT
Vertiv is a global provider of critical digital infrastructure. Vertiv has been one of the hottest stocks on Wall Street this year with shares up 192% year-to-date.
But earnings are also expected to soar 224% this year and another 27.9% next year as it posted a record high backlog of $5 billion at the end of the third quarter 2023. Vertiv remains attractively valued, with a forward P/E of 23.
Could Vertiv be the “next” Apple?
5. Donnelley Financial Solutions, Inc. DFIN
Donnelley Financial Solutions is a small cap company with a market cap of $1.6 billion. It offers global risk and compliance. In the third quarter 2023, Donnelley Financial saw record software solutions sales up 5.3% year-over-year.
Shares of Donnelley Financial are up 43.4% year-to-date and have gained 243% over the last 5 years. Apple, by comparison, has gained 233% during that same 5-year time. Donnelley Financial is trading with a forward P/E of just 18.2.
Should Donnelley Financial be on your watch list?
What Else Do You Need to Know About Finding the Next Winning Stocks?
Tune into this week’s podcast to find out.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Bank of America Corporation (BAC) : Free Stock Analysis Report
Visa Inc. (V) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report
Vertiv Holdings Co. (VRT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(31:00) - Episode Roundup: V, NFLX, BAC, XOM, CVX, VRT, DFIN Podcast@Zacks.com Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks. Donnelley Financial Solutions, Inc. DFIN Donnelley Financial Solutions is a small cap company with a market cap of $1.6 billion. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Vertiv Holdings Co. (VRT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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(31:00) - Episode Roundup: V, NFLX, BAC, XOM, CVX, VRT, DFIN Podcast@Zacks.com Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks. Donnelley Financial Solutions, Inc. DFIN Donnelley Financial Solutions is a small cap company with a market cap of $1.6 billion. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Vertiv Holdings Co. (VRT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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(31:00) - Episode Roundup: V, NFLX, BAC, XOM, CVX, VRT, DFIN Podcast@Zacks.com Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Vertiv Holdings Co. (VRT) : Free Stock Analysis Report To read this article on Zacks.com click here. Donnelley Financial Solutions, Inc. DFIN Donnelley Financial Solutions is a small cap company with a market cap of $1.6 billion.
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(31:00) - Episode Roundup: V, NFLX, BAC, XOM, CVX, VRT, DFIN Podcast@Zacks.com Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks. Donnelley Financial Solutions, Inc. DFIN Donnelley Financial Solutions is a small cap company with a market cap of $1.6 billion. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Vertiv Holdings Co. (VRT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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3d383e86-7560-4fa4-bafa-690e6e8fa607
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728769.0
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2023-11-03 00:00:00 UTC
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Validea's Top Financial Stocks Based On Joel Greenblatt - 11/3/2023
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DFIN
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https://www.nasdaq.com/articles/valideas-top-financial-stocks-based-on-joel-greenblatt-11-3-2023
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nan
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The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap growth stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt is 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Donnelley Financial Solutions, Inc. is a global risk and compliance solutions company. It provides regulatory filing and deal solutions through its software, technology-enabled services and print and distribution solutions to public and private companies, mutual funds and others. Its segments include Capital Markets-Software Solutions (CM-SS), Capital Markets-Compliance and Communications Management (CM-CCM), Investment Companies-Software Solutions (IC-SS) and Investment Companies-Compliance and Communications Management (IC-CCM). CM-SS segment provides software solutions to public and private companies. CM-CCM segment provides technology-enabled services and print and distribution solutions to public and private companies. The Company's IC-SS segment provides software solutions that enable clients to store and manage compliance and regulatory information. IC-CCM segment provides its investment company clients tech-enabled services to prepare and file registration forms and others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC
DFIN Guru Analysis
DFIN Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap growth stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt.
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Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap growth stock in the Software & Programming industry. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt.
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Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap growth stock in the Software & Programming industry. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt.
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Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap growth stock in the Software & Programming industry. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt.
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ee3680fb-c671-4b3a-bb52-1f38917dc1d5
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728770.0
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2023-11-02 00:00:00 UTC
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How to Find the Next Stock Winners
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DFIN
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https://www.nasdaq.com/articles/how-to-find-the-next-stock-winners
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nan
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nan
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(1:00) - Finding The Next Industry Heading Into A Bull Market
(7:20) - Tracey’s Top Stock Picks: Where Should You Be Looking Right Now?
(31:00) - Episode Roundup: V, NFLX, BAC, XOM, CVX, VRT, DFIN
Podcast@Zacks.com
Welcome to Episode #348 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
With the growth stock rebound seemingly stalling, suddenly, valuations do matter. The day of reckoning seems to have come for those companies trading at 50, or 60 times, forward earnings. Many have pulled back from 2021 highs.
But should investors be diving into what worked in the past, like FAANG, when trying to find the next winners, or should they look at what might work in the future?
Screening for Future Winners
There are no set screens you can run, unfortunately, which will tell you which companies will be the next decade’s big winner. I wish it was that easy to find the “next” Apple.
But investors can use screening tools, like screening for top Zacks Rank Strong Buy stocks, to help weed through the lists of stocks and get some names to start your search.
Investors are going to have to do a lot of research and drilling down into the company’s details, however. And not every stock investment will turn out as well as expected. There are no guarantees.
Past, and Future, Stock Winners
1. Visa Inc. (V)
Visa has been a big winner since it went public in 2008. Warren Buffett even owns it in the Berkshire Hathaway portfolio. If you had bought it’s 2008 IPO, you would have seen gains of 1,372%.
However, shares of Visa have stalled in the last 2 years, gaining just 12.6% during that period. But in 2021, when it hit new highs, Visa was trading with the sky-high P/E of 45 and in 2023, it is trading at just 24x.
Has the valuation finally caught up with Visa?
2. Netflix, Inc. (NFLX)
Netflix was THE stock to own over the last 20 years. Since it’s 2002 IPO, it’s up 35,561%. But over the last 2 years, Netflix has given up some of its momentum, falling 34.9%.
Netflix isn’t cheap, trading with a forward P/E of 34.
Is Netflix’s amazing run finally over?
3. Bank of America Corp. (BAC)
Bank of America is one of the largest holdings in Berkshire Hathaway’s equity portfolio and is one of the largest banks in the United States. But shares have struggled. Bank of America is down 41% over the last 2 years and is down 1.0% over the last 5 years.
It’s dirt cheap now, trading at 7.4x. Bank of America also has a price-to-book ratio of just 0.8. A P/B ratio under 1.0 for a bank is very cheap.
Bank of America pays a dividend, yielding 3.6%.
Are you daring enough to put Bank of America on your watch list?
4. Vertiv Holdings Co. (VRT)
Vertiv is a global provider of critical digital infrastructure. Vertiv has been one of the hottest stocks on Wall Street this year with shares up 192% year-to-date.
But earnings are also expected to soar 224% this year and another 27.9% next year as it posted a record high backlog of $5 billion at the end of the third quarter 2023. Vertiv remains attractively valued, with a forward P/E of 23.
Could Vertiv be the “next” Apple?
5. Donnelley Financial Solutions, Inc. (DFIN)
Donnelley Financial Solutions is a small cap company with a market cap of $1.6 billion. It offers global risk and compliance. In the third quarter 2023, Donnelley Financial saw record software solutions sales up 5.3% year-over-year.
Shares of Donnelley Financial are up 43.4% year-to-date and have gained 243% over the last 5 years. Apple, by comparison, has gained 233% during that same 5-year time. Donnelley Financial is trading with a forward P/E of just 18.2.
Should Donnelley Financial be on your watch list?
What Else Do You Need to Know About Finding the Next Winning Stocks?
Tune into this week’s podcast to find out.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Bank of America Corporation (BAC) : Free Stock Analysis Report
Visa Inc. (V) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report
Vertiv Holdings Co. (VRT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(31:00) - Episode Roundup: V, NFLX, BAC, XOM, CVX, VRT, DFIN Podcast@Zacks.com Welcome to Episode #348 of the Value Investor Podcast. Donnelley Financial Solutions, Inc. (DFIN) Donnelley Financial Solutions is a small cap company with a market cap of $1.6 billion. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Vertiv Holdings Co. (VRT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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(31:00) - Episode Roundup: V, NFLX, BAC, XOM, CVX, VRT, DFIN Podcast@Zacks.com Welcome to Episode #348 of the Value Investor Podcast. Donnelley Financial Solutions, Inc. (DFIN) Donnelley Financial Solutions is a small cap company with a market cap of $1.6 billion. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Vertiv Holdings Co. (VRT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Vertiv Holdings Co. (VRT) : Free Stock Analysis Report To read this article on Zacks.com click here. (31:00) - Episode Roundup: V, NFLX, BAC, XOM, CVX, VRT, DFIN Podcast@Zacks.com Welcome to Episode #348 of the Value Investor Podcast. Donnelley Financial Solutions, Inc. (DFIN) Donnelley Financial Solutions is a small cap company with a market cap of $1.6 billion.
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(31:00) - Episode Roundup: V, NFLX, BAC, XOM, CVX, VRT, DFIN Podcast@Zacks.com Welcome to Episode #348 of the Value Investor Podcast. Donnelley Financial Solutions, Inc. (DFIN) Donnelley Financial Solutions is a small cap company with a market cap of $1.6 billion. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Vertiv Holdings Co. (VRT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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981b301c-2c3d-48b3-b805-204793c9e675
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728771.0
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2023-09-29 00:00:00 UTC
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Needham Maintains Donnelley Financial Solutions (DFIN) Buy Recommendation
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DFIN
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https://www.nasdaq.com/articles/needham-maintains-donnelley-financial-solutions-dfin-buy-recommendation-0
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nan
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Fintel reports that on September 29, 2023, Needham maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation.
Analyst Price Forecast Suggests 3.29% Upside
As of August 31, 2023, the average one-year price target for Donnelley Financial Solutions is 55.59. The forecasts range from a low of 50.50 to a high of $60.90. The average price target represents an increase of 3.29% from its latest reported closing price of 53.82.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Donnelley Financial Solutions is 840MM, an increase of 5.32%. The projected annual non-GAAP EPS is 3.76.
What is the Fund Sentiment?
There are 484 funds or institutions reporting positions in Donnelley Financial Solutions. This is an increase of 1 owner(s) or 0.21% in the last quarter. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 5.85%. Total shares owned by institutions decreased in the last three months by 3.87% to 29,879K shares.
The put/call ratio of DFIN is 0.57, indicating a bullish outlook.
What are Other Shareholders Doing?
Simcoe Capital Management holds 3,434K shares representing 11.71% ownership of the company. In it's prior filing, the firm reported owning 3,795K shares, representing a decrease of 10.51%. The firm decreased its portfolio allocation in DFIN by 6.94% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,773K shares representing 6.05% ownership of the company. In it's prior filing, the firm reported owning 1,825K shares, representing a decrease of 2.93%. The firm increased its portfolio allocation in DFIN by 4.84% over the last quarter.
Rice Hall James & Associates holds 1,070K shares representing 3.65% ownership of the company. In it's prior filing, the firm reported owning 1,071K shares, representing a decrease of 0.16%. The firm increased its portfolio allocation in DFIN by 11.14% over the last quarter.
Mawer Investment Management holds 1,042K shares representing 3.55% ownership of the company. In it's prior filing, the firm reported owning 1,049K shares, representing a decrease of 0.64%. The firm increased its portfolio allocation in DFIN by 6.14% over the last quarter.
American Century Companies holds 967K shares representing 3.30% ownership of the company. In it's prior filing, the firm reported owning 1,553K shares, representing a decrease of 60.56%. The firm decreased its portfolio allocation in DFIN by 33.58% over the last quarter.
Donnelley Financial Solutions Background Information
(This description is provided by the company.)
Donnelley Financial Solutions (DFIN) is a leading global risk and compliance solutions company. DFIN provides domain expertise, enterprise software and data analytics for every stage of its clients' business and investment lifecycles. Markets Vuctuate, regulations evolve, technology advances, and through it all, DFIN delivers con dence with the right solutions in moments that matter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on September 29, 2023, Needham maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation. DFIN provides domain expertise, enterprise software and data analytics for every stage of its clients' business and investment lifecycles. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 5.85%.
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Fintel reports that on September 29, 2023, Needham maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 5.85%. The put/call ratio of DFIN is 0.57, indicating a bullish outlook.
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Fintel reports that on September 29, 2023, Needham maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 5.85%. The put/call ratio of DFIN is 0.57, indicating a bullish outlook.
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Fintel reports that on September 29, 2023, Needham maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 5.85%. The put/call ratio of DFIN is 0.57, indicating a bullish outlook.
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2023-09-07 00:00:00 UTC
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Russian businessman gets 9 years in US prison for hack-and-trade scheme
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DFIN
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https://www.nasdaq.com/articles/russian-businessman-gets-9-years-in-us-prison-for-hack-and-trade-scheme-0
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nan
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By Nate Raymond and Maria Tsvetkova
BOSTON, Sept 7 (Reuters) - A Russian businessman with ties to the Kremlin was sentenced on Thursday to nine years in a U.S. prison after being convicted of participating in a $93 million insider-trading scheme involving hacked secret earnings information about multiple companies.
Vladislav Klyushin, the owner of a Moscow-based information technology company called M-13 that did work for the Russian government, was sentenced by U.S. District Judge Patti Saris in Boston after a jury found him guilty in February.
Hackers from 2018 to 2020 viewed and downloaded yet-to-be-announced earnings reports for hundreds of companies including Tesla TSLA.O and Microsoft MSFT.O, which Klyushin and others used to trade before the news was public, according to prosecutors.
"The defendant's massive gains here came out of other investors' pockets," Assistant U.S. Attorney Seth Kosto said during the sentencing hearing. "That does real injury to American markets."
Kosto had sought a 14-year sentence. While Saris did not go that far, the judge said a lengthy sentence was justified for a sophisticated international crime that did "significant harm to the U.S. capital markets."
Klyushin, 42, is one of the highest-profile Russians in U.S. custody. And while his case predated the Russian invasion of Ukraine last year ordered by President Vladimir Putin, Klyushin's connections to the Kremlin have long intrigued American authorities.
Asked after the sentencing hearing if Klyushin would be a good candidate for a prisoner swap with Russia, his lawyer Maksim Nemtsev told reporters that his client "potentially" would be, but that he had no personal knowledge of whether that was being discussed.
There is recent precedent for such a swap. Russia released imprisoned American basketball star Brittney Griner last year in exchange for Russian arms dealer Viktor Bout, who was imprisoned in the United States.
M-13 not only did work for Putin's government but also employed Ivan Ermakov, a former Russian military intelligence officer wanted by the American government for his alleged involvement in hacking schemes aimed at interfering in the 2016 U.S. presidential election, according to prosecutors.
Ermakov was charged along with Klyushin and three other Russian nationals with carrying out the hack-and-trade scheme. Only Klyushin has faced trial after he was apprehended in Switzerland during a ski trip in 2021 and extradited to the United States. Klyushin plans to appeal his conviction.
Prosecutors said that hackers broke into the networks of two firms that help publicly traded companies file reports with U.S. securities regulators, Donnelley Financial Solutions DFIN.N and Toppan Merrill. Klyushin and his associates then made $93 million trading stocks based on yet-to-be-announced information that hackers stole from publicly traded companies, according to prosecutors.
Klyushin individually netted more than $34 million in the scheme, prosecutors said. The judge on Thursday ordered Klyushin to forfeit that money, though she suggested it was unlikely most of it would ever be collected.
Nemtsev had sought a three-year prison sentence, which would take into account the 2-1/2 years Klyushin already has been in custody, saying the longer he was in prison the more his client would be robbed of seeing his children in Russia grow up.
"There's no reason to believe he would risk the well-being of his family by committing crimes again," Nemtsev said.
But Kosto said that allowing Klyushin, a "powerful person" with connections to the "highest echelons of Russian society," to return quickly to his home country would be a "recipe for recidivism."
Klyushin's lawyers have argued there was no evidence he possessed inside information and knew of any hacking. Oliver Ciric, his attorney in Switzerland, has said the real reason Klyushin was charged was his Russian government connections. Ciric has said U.S. intelligence officials tried to recruit Klyushin in 2019 and that British intelligence did the same a year later.
Russian businessman convicted of U.S. hack-and-trade charges
Wealthy Russian undertook $90 mln hack-and-trade scheme, U.S. says at trial
(Reporting by Nate Raymond and Maria Tsvetkova in Boston; Editing by Will Dunham and Alexia Garamfalvi)
((Nate.Raymond@thomsonreuters.com and Twitter @nateraymond; 347-243-6917))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Prosecutors said that hackers broke into the networks of two firms that help publicly traded companies file reports with U.S. securities regulators, Donnelley Financial Solutions DFIN.N and Toppan Merrill. By Nate Raymond and Maria Tsvetkova BOSTON, Sept 7 (Reuters) - A Russian businessman with ties to the Kremlin was sentenced on Thursday to nine years in a U.S. prison after being convicted of participating in a $93 million insider-trading scheme involving hacked secret earnings information about multiple companies. Vladislav Klyushin, the owner of a Moscow-based information technology company called M-13 that did work for the Russian government, was sentenced by U.S. District Judge Patti Saris in Boston after a jury found him guilty in February.
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Prosecutors said that hackers broke into the networks of two firms that help publicly traded companies file reports with U.S. securities regulators, Donnelley Financial Solutions DFIN.N and Toppan Merrill. Klyushin and his associates then made $93 million trading stocks based on yet-to-be-announced information that hackers stole from publicly traded companies, according to prosecutors. Oliver Ciric, his attorney in Switzerland, has said the real reason Klyushin was charged was his Russian government connections.
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Prosecutors said that hackers broke into the networks of two firms that help publicly traded companies file reports with U.S. securities regulators, Donnelley Financial Solutions DFIN.N and Toppan Merrill. By Nate Raymond and Maria Tsvetkova BOSTON, Sept 7 (Reuters) - A Russian businessman with ties to the Kremlin was sentenced on Thursday to nine years in a U.S. prison after being convicted of participating in a $93 million insider-trading scheme involving hacked secret earnings information about multiple companies. Vladislav Klyushin, the owner of a Moscow-based information technology company called M-13 that did work for the Russian government, was sentenced by U.S. District Judge Patti Saris in Boston after a jury found him guilty in February.
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Prosecutors said that hackers broke into the networks of two firms that help publicly traded companies file reports with U.S. securities regulators, Donnelley Financial Solutions DFIN.N and Toppan Merrill. Kosto had sought a 14-year sentence. Nemtsev had sought a three-year prison sentence, which would take into account the 2-1/2 years Klyushin already has been in custody, saying the longer he was in prison the more his client would be robbed of seeing his children in Russia grow up.
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ad74a567-e8b9-4ac9-880f-ebde0adf7e40
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728773.0
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2023-08-31 00:00:00 UTC
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Donnelley Financial Solutions (DFIN) Price Target Increased by 6.86% to 55.59
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DFIN
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https://www.nasdaq.com/articles/donnelley-financial-solutions-dfin-price-target-increased-by-6.86-to-55.59
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The average one-year price target for Donnelley Financial Solutions (NYSE:DFIN) has been revised to 55.59 / share. This is an increase of 6.86% from the prior estimate of 52.02 dated August 1, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 50.50 to a high of 60.90 / share. The average price target represents an increase of 12.58% from the latest reported closing price of 49.38 / share.
What is the Fund Sentiment?
There are 487 funds or institutions reporting positions in Donnelley Financial Solutions. This is an increase of 8 owner(s) or 1.67% in the last quarter. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 6.47%. Total shares owned by institutions decreased in the last three months by 3.46% to 29,999K shares.
The put/call ratio of DFIN is 0.43, indicating a bullish outlook.
What are Other Shareholders Doing?
Simcoe Capital Management holds 3,434K shares representing 11.71% ownership of the company. In it's prior filing, the firm reported owning 3,795K shares, representing a decrease of 10.51%. The firm decreased its portfolio allocation in DFIN by 6.94% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,773K shares representing 6.05% ownership of the company. In it's prior filing, the firm reported owning 1,825K shares, representing a decrease of 2.93%. The firm increased its portfolio allocation in DFIN by 4.84% over the last quarter.
Rice Hall James & Associates holds 1,070K shares representing 3.65% ownership of the company. In it's prior filing, the firm reported owning 1,071K shares, representing a decrease of 0.16%. The firm increased its portfolio allocation in DFIN by 11.14% over the last quarter.
Mawer Investment Management holds 1,042K shares representing 3.55% ownership of the company. In it's prior filing, the firm reported owning 1,049K shares, representing a decrease of 0.64%. The firm increased its portfolio allocation in DFIN by 6.14% over the last quarter.
American Century Companies holds 967K shares representing 3.30% ownership of the company. In it's prior filing, the firm reported owning 1,553K shares, representing a decrease of 60.56%. The firm decreased its portfolio allocation in DFIN by 33.58% over the last quarter.
Donnelley Financial Solutions Background Information
(This description is provided by the company.)
Donnelley Financial Solutions (DFIN) is a leading global risk and compliance solutions company. DFIN provides domain expertise, enterprise software and data analytics for every stage of its clients' business and investment lifecycles. Markets Vuctuate, regulations evolve, technology advances, and through it all, DFIN delivers con dence with the right solutions in moments that matter.
Additional reading:
DFIN Reports Second-Quarter 2023 Results
Amended and Restated Credit Agreement, dated as of May 27, 2021, as amended pursuant to the First Amendment, dated as of May 11, 2023, by and among Donnelley Financial Solutions, Inc., the lenders party thereto and JPMorgan Chase Bank, N.A. as administrative agent and collateral agent (filed herewith)
Donnelley Financial Solutions, Inc. 2023 Employee Stock Purchase Plan.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DFIN provides domain expertise, enterprise software and data analytics for every stage of its clients' business and investment lifecycles. Markets Vuctuate, regulations evolve, technology advances, and through it all, DFIN delivers con dence with the right solutions in moments that matter. The average one-year price target for Donnelley Financial Solutions (NYSE:DFIN) has been revised to 55.59 / share.
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The average one-year price target for Donnelley Financial Solutions (NYSE:DFIN) has been revised to 55.59 / share. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 6.47%. The put/call ratio of DFIN is 0.43, indicating a bullish outlook.
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The average one-year price target for Donnelley Financial Solutions (NYSE:DFIN) has been revised to 55.59 / share. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 6.47%. The put/call ratio of DFIN is 0.43, indicating a bullish outlook.
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The average one-year price target for Donnelley Financial Solutions (NYSE:DFIN) has been revised to 55.59 / share. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 6.47%. The put/call ratio of DFIN is 0.43, indicating a bullish outlook.
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ced6456d-1228-4173-b8e2-3deddc5d3f05
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728774.0
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2023-08-04 00:00:00 UTC
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Needham Maintains Donnelley Financial Solutions (DFIN) Buy Recommendation
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DFIN
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https://www.nasdaq.com/articles/needham-maintains-donnelley-financial-solutions-dfin-buy-recommendation
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nan
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nan
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Fintel reports that on August 3, 2023, Needham maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation.
Analyst Price Forecast Suggests 9.47% Upside
As of August 2, 2023, the average one-year price target for Donnelley Financial Solutions is 52.02. The forecasts range from a low of 45.45 to a high of $60.90. The average price target represents an increase of 9.47% from its latest reported closing price of 47.52.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Donnelley Financial Solutions is 840MM, an increase of 5.32%. The projected annual non-GAAP EPS is 3.76.
What is the Fund Sentiment?
There are 475 funds or institutions reporting positions in Donnelley Financial Solutions. This is a decrease of 1 owner(s) or 0.21% in the last quarter. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 25.79%. Total shares owned by institutions decreased in the last three months by 0.27% to 30,842K shares.
The put/call ratio of DFIN is 0.10, indicating a bullish outlook.
What are Other Shareholders Doing?
Simcoe Capital Management holds 3,795K shares representing 12.89% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,825K shares representing 6.20% ownership of the company. In it's prior filing, the firm reported owning 1,855K shares, representing a decrease of 1.62%. The firm increased its portfolio allocation in DFIN by 1.08% over the last quarter.
American Century Companies holds 1,553K shares representing 5.28% ownership of the company. In it's prior filing, the firm reported owning 1,826K shares, representing a decrease of 17.53%. The firm decreased its portfolio allocation in DFIN by 13.25% over the last quarter.
ASVIX - Small Cap Value Fund Investor Class holds 1,280K shares representing 4.35% ownership of the company. In it's prior filing, the firm reported owning 1,505K shares, representing a decrease of 17.58%. The firm decreased its portfolio allocation in DFIN by 12.26% over the last quarter.
Rice Hall James & Associates holds 1,070K shares representing 3.63% ownership of the company. In it's prior filing, the firm reported owning 1,071K shares, representing a decrease of 0.16%. The firm increased its portfolio allocation in DFIN by 11.14% over the last quarter.
Donnelley Financial Solutions Background Information
(This description is provided by the company.)
Donnelley Financial Solutions (DFIN) is a leading global risk and compliance solutions company. DFIN provides domain expertise, enterprise software and data analytics for every stage of its clients' business and investment lifecycles. Markets Vuctuate, regulations evolve, technology advances, and through it all, DFIN delivers con dence with the right solutions in moments that matter.
Additional reading:
DFIN Reports Second-Quarter 2023 Results
Amended and Restated Credit Agreement, dated as of May 27, 2021, as amended pursuant to the First Amendment, dated as of May 11, 2023, by and among Donnelley Financial Solutions, Inc., the lenders party thereto and JPMorgan Chase Bank, N.A. as administrative agent and collateral agent (filed herewith)
Donnelley Financial Solutions, Inc. 2023 Employee Stock Purchase Plan.
Power of Attorney.
Certificate of Amendment to Amended and Restated Certificate of Incorporation of Donnelley Financial Solutions, Inc., as filed on May 19, 2023 with the Secretary of State of Delaware (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K, filed on May 19, 2023)
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on August 3, 2023, Needham maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation. DFIN provides domain expertise, enterprise software and data analytics for every stage of its clients' business and investment lifecycles. Markets Vuctuate, regulations evolve, technology advances, and through it all, DFIN delivers con dence with the right solutions in moments that matter.
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Fintel reports that on August 3, 2023, Needham maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 25.79%. The put/call ratio of DFIN is 0.10, indicating a bullish outlook.
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Donnelley Financial Solutions (DFIN) is a leading global risk and compliance solutions company. Fintel reports that on August 3, 2023, Needham maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 25.79%.
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Fintel reports that on August 3, 2023, Needham maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 25.79%. The put/call ratio of DFIN is 0.10, indicating a bullish outlook.
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358f90d6-a1d8-47be-ae4b-828d2b44cee4
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728775.0
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2023-08-02 00:00:00 UTC
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Donnelley Financial Solutions (DFIN) Q2 Earnings and Revenues Beat Estimates
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DFIN
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https://www.nasdaq.com/articles/donnelley-financial-solutions-dfin-q2-earnings-and-revenues-beat-estimates
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nan
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nan
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Donnelley Financial Solutions (DFIN) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.54 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 34.78%. A quarter ago, it was expected that this financial communications and data services provider would post earnings of $0.54 per share when it actually produced earnings of $0.62, delivering a surprise of 14.81%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Donnelley Financial, which belongs to the Zacks Internet - Software and Services industry, posted revenues of $242.1 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 4.99%. This compares to year-ago revenues of $266.2 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Donnelley Financial shares have added about 21.7% since the beginning of the year versus the S&P 500's gain of 19.2%.
What's Next for Donnelley Financial?
While Donnelley Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Donnelley Financial: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.01 on $219.9 million in revenues for the coming quarter and $3.53 on $854.8 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software and Services is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Squarespace (SQSP), is yet to report results for the quarter ended June 2023. The results are expected to be released on August 8.
This a software company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of -71.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Squarespace's revenues are expected to be $243.14 million, up 14.3% from the year-ago quarter.
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Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report
Squarespace, Inc. (SQSP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Donnelley Financial Solutions (DFIN) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $0.92 per share. Click to get this free report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Squarespace, Inc. (SQSP) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock.
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Click to get this free report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Squarespace, Inc. (SQSP) : Free Stock Analysis Report To read this article on Zacks.com click here. Donnelley Financial Solutions (DFIN) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $0.92 per share. Donnelley Financial, which belongs to the Zacks Internet - Software and Services industry, posted revenues of $242.1 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 4.99%.
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Donnelley Financial Solutions (DFIN) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $0.92 per share. Click to get this free report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Squarespace, Inc. (SQSP) : Free Stock Analysis Report To read this article on Zacks.com click here. Donnelley Financial, which belongs to the Zacks Internet - Software and Services industry, posted revenues of $242.1 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 4.99%.
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Donnelley Financial Solutions (DFIN) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $0.92 per share. Click to get this free report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Squarespace, Inc. (SQSP) : Free Stock Analysis Report To read this article on Zacks.com click here. While Donnelley Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
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675d4267-4fa5-447a-94f4-8fb0409b5979
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728776.0
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2023-07-27 00:00:00 UTC
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VeriSign (VRSN) Tops Q2 Earnings Estimates
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DFIN
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https://www.nasdaq.com/articles/verisign-vrsn-tops-q2-earnings-estimates
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nan
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VeriSign (VRSN) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.54 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.29%. A quarter ago, it was expected that this internet infrastructure services provider would post earnings of $1.64 per share when it actually produced earnings of $1.70, delivering a surprise of 3.66%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
VeriSign, which belongs to the Zacks Internet - Software and Services industry, posted revenues of $372 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 0.01%. This compares to year-ago revenues of $351.9 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
VeriSign shares have added about 2.6% since the beginning of the year versus the S&P 500's gain of 18.9%.
What's Next for VeriSign?
While VeriSign has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for VeriSign: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.73 on $373.81 million in revenues for the coming quarter and $6.91 on $1.49 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software and Services is currently in the top 49% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Donnelley Financial Solutions (DFIN), is yet to report results for the quarter ended June 2023. The results are expected to be released on August 2.
This financial communications and data services provider is expected to post quarterly earnings of $1.09 per share in its upcoming report, which represents a year-over-year change of -29.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Donnelley Financial Solutions' revenues are expected to be $230.6 million, down 13.4% from the year-ago quarter.
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VeriSign, Inc. (VRSN) : Free Stock Analysis Report
Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One other stock from the same industry, Donnelley Financial Solutions (DFIN), is yet to report results for the quarter ended June 2023. Click to get this free report VeriSign, Inc. (VRSN) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report To read this article on Zacks.com click here. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.
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Click to get this free report VeriSign, Inc. (VRSN) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report To read this article on Zacks.com click here. One other stock from the same industry, Donnelley Financial Solutions (DFIN), is yet to report results for the quarter ended June 2023. VeriSign, which belongs to the Zacks Internet - Software and Services industry, posted revenues of $372 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 0.01%.
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Click to get this free report VeriSign, Inc. (VRSN) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report To read this article on Zacks.com click here. One other stock from the same industry, Donnelley Financial Solutions (DFIN), is yet to report results for the quarter ended June 2023. VeriSign (VRSN) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.70 per share.
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One other stock from the same industry, Donnelley Financial Solutions (DFIN), is yet to report results for the quarter ended June 2023. Click to get this free report VeriSign, Inc. (VRSN) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report To read this article on Zacks.com click here. VeriSign (VRSN) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.70 per share.
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769c7a54-59ad-4b34-a6ee-3c64de773dd3
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728777.0
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2023-07-14 00:00:00 UTC
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DA Davidson Maintains Donnelley Financial Solutions (DFIN) Neutral Recommendation
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DFIN
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https://www.nasdaq.com/articles/da-davidson-maintains-donnelley-financial-solutions-dfin-neutral-recommendation
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Fintel reports that on July 13, 2023, DA Davidson maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Neutral recommendation.
Analyst Price Forecast Suggests 6.01% Upside
As of July 6, 2023, the average one-year price target for Donnelley Financial Solutions is 51.00. The forecasts range from a low of 42.42 to a high of $60.90. The average price target represents an increase of 6.01% from its latest reported closing price of 48.11.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Donnelley Financial Solutions is 840MM, an increase of 2.23%. The projected annual non-GAAP EPS is 3.76.
What is the Fund Sentiment?
There are 479 funds or institutions reporting positions in Donnelley Financial Solutions. This is a decrease of 2 owner(s) or 0.42% in the last quarter. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 24.94%. Total shares owned by institutions increased in the last three months by 0.44% to 31,071K shares.
The put/call ratio of DFIN is 0.85, indicating a bullish outlook.
What are Other Shareholders Doing?
Simcoe Capital Management holds 3,795K shares representing 12.89% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,825K shares representing 6.20% ownership of the company. In it's prior filing, the firm reported owning 1,855K shares, representing a decrease of 1.62%. The firm increased its portfolio allocation in DFIN by 1.08% over the last quarter.
American Century Companies holds 1,553K shares representing 5.28% ownership of the company. In it's prior filing, the firm reported owning 1,826K shares, representing a decrease of 17.53%. The firm decreased its portfolio allocation in DFIN by 13.25% over the last quarter.
ASVIX - Small Cap Value Fund Investor Class holds 1,280K shares representing 4.35% ownership of the company. In it's prior filing, the firm reported owning 1,505K shares, representing a decrease of 17.58%. The firm decreased its portfolio allocation in DFIN by 12.26% over the last quarter.
Rice Hall James & Associates holds 1,071K shares representing 3.64% ownership of the company. In it's prior filing, the firm reported owning 1,168K shares, representing a decrease of 9.07%. The firm increased its portfolio allocation in DFIN by 95,906.02% over the last quarter.
Donnelley Financial Solutions Background Information
(This description is provided by the company.)
Donnelley Financial Solutions (DFIN) is a leading global risk and compliance solutions company. DFIN provides domain expertise, enterprise software and data analytics for every stage of its clients' business and investment lifecycles. Markets Vuctuate, regulations evolve, technology advances, and through it all, DFIN delivers con dence with the right solutions in moments that matter.
Additional reading:
Donnelley Financial Solutions, Inc. 2023 Employee Stock Purchase Plan.
Power of Attorney.
Certificate of Amendment to Amended and Restated Certificate of Incorporation of Donnelley Financial Solutions, Inc., as filed on May 19, 2023 with the Secretary of State of the State of Delaware.
DFIN Reports First-Quarter 2023 Results
DFIN Reports Fourth Quarter and Full Year 2022 Results
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on July 13, 2023, DA Davidson maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Neutral recommendation. DFIN provides domain expertise, enterprise software and data analytics for every stage of its clients' business and investment lifecycles. Markets Vuctuate, regulations evolve, technology advances, and through it all, DFIN delivers con dence with the right solutions in moments that matter.
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Fintel reports that on July 13, 2023, DA Davidson maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 24.94%. The put/call ratio of DFIN is 0.85, indicating a bullish outlook.
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Donnelley Financial Solutions (DFIN) is a leading global risk and compliance solutions company. Fintel reports that on July 13, 2023, DA Davidson maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 24.94%.
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Fintel reports that on July 13, 2023, DA Davidson maintained coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DFIN is 0.18%, a decrease of 24.94%. The put/call ratio of DFIN is 0.85, indicating a bullish outlook.
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2843a989-93e3-4f5c-b1c2-376e28cef4da
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728778.0
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2023-07-07 00:00:00 UTC
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Validea Joel Greenblatt Strategy Daily Upgrade Report - 7/7/2023
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DFIN
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https://www.nasdaq.com/articles/validea-joel-greenblatt-strategy-daily-upgrade-report-7-7-2023
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nan
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The following are today's upgrades for Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
NOMAD FOODS LTD (NOMD) is a mid-cap value stock in the Food Processing industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Nomad Foods Limited is a frozen food company. The Company's portfolio of food brands within the frozen category includes Birds Eye, Findus, iglo, Belviva, Aunt Bessie's, Goodfella's, and others. Its products are sold primarily through grocery retailers under the Birds Eye brand in the United Kingdom and Ireland; Findus in Italy, France, Spain, Sweden, Switzerland, and Norway; Iglo in Germany and other continental markets; La Cocinera in Spain, Ledo in south-eastern Europe, and Frikom in Serbia and North Macedonia. Its product offerings include frozen fish products, such as fish fingers, coated fish, natural fish; ready to cook vegetable products, such as peas and spinach; and frozen poultry and meat products, such as nuggets, grills, and burgers. It also includes a variety of other offerings, such as soups, pizza, bakery goods and meat substitutes. The Company manufactures, sells, and distributes a range of branded frozen food products across over 13 European countries.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of NOMAD FOODS LTD
NOMD Guru Analysis
NOMD Fundamental Analysis
DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap growth stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt changed from 80% to 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Donnelley Financial Solutions, Inc. is a global risk and compliance solutions company. It provides regulatory filing and deal solutions through its software, technology-enabled services and print and distribution solutions to public and private companies, mutual funds and others. Its segments include Capital Markets-Software Solutions (CM-SS), Capital Markets-Compliance and Communications Management (CM-CCM), Investment Companies-Software Solutions (IC-SS) and Investment Companies-Compliance and Communications Management (IC-CCM). CM-SS segment provides software solutions to public and private companies. CM-CCM segment provides technology-enabled services and print and distribution solutions to public and private companies. The Company's IC-SS segment provides software solutions that enable clients to store and manage compliance and regulatory information. IC-CCM segment provides its investment company clients tech-enabled services to prepare and file registration forms and others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC
DFIN Guru Analysis
DFIN Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Detailed Analysis of NOMAD FOODS LTD NOMD Guru Analysis NOMD Fundamental Analysis DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap growth stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The Company's portfolio of food brands within the frozen category includes Birds Eye, Findus, iglo, Belviva, Aunt Bessie's, Goodfella's, and others.
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Detailed Analysis of NOMAD FOODS LTD NOMD Guru Analysis NOMD Fundamental Analysis DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap growth stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Its segments include Capital Markets-Software Solutions (CM-SS), Capital Markets-Compliance and Communications Management (CM-CCM), Investment Companies-Software Solutions (IC-SS) and Investment Companies-Compliance and Communications Management (IC-CCM).
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Detailed Analysis of NOMAD FOODS LTD NOMD Guru Analysis NOMD Fundamental Analysis DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap growth stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Its segments include Capital Markets-Software Solutions (CM-SS), Capital Markets-Compliance and Communications Management (CM-CCM), Investment Companies-Software Solutions (IC-SS) and Investment Companies-Compliance and Communications Management (IC-CCM).
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Detailed Analysis of NOMAD FOODS LTD NOMD Guru Analysis NOMD Fundamental Analysis DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap growth stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The following are today's upgrades for Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt.
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2023-06-30 00:00:00 UTC
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Needham Initiates Coverage of Donnelley Financial Solutions (DFIN) with Buy Recommendation
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https://www.nasdaq.com/articles/needham-initiates-coverage-of-donnelley-financial-solutions-dfin-with-buy-recommendation
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Fintel reports that on June 30, 2023, Needham initiated coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation.
Analyst Price Forecast Suggests 12.84% Upside
As of June 2, 2023, the average one-year price target for Donnelley Financial Solutions is 49.30. The forecasts range from a low of 42.42 to a high of $60.90. The average price target represents an increase of 12.84% from its latest reported closing price of 43.69.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Donnelley Financial Solutions is 840MM, an increase of 2.23%. The projected annual non-GAAP EPS is 3.76.
What is the Fund Sentiment?
There are 481 funds or institutions reporting positions in Donnelley Financial Solutions. This is an increase of 2 owner(s) or 0.42% in the last quarter. Average portfolio weight of all funds dedicated to DFIN is 0.18%, an increase of 11.93%. Total shares owned by institutions increased in the last three months by 0.48% to 31,082K shares.
The put/call ratio of DFIN is 0.93, indicating a bullish outlook.
What are Other Shareholders Doing?
Simcoe Capital Management holds 3,795K shares representing 12.89% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,825K shares representing 6.20% ownership of the company. In it's prior filing, the firm reported owning 1,855K shares, representing a decrease of 1.62%. The firm increased its portfolio allocation in DFIN by 1.08% over the last quarter.
American Century Companies holds 1,553K shares representing 5.28% ownership of the company. In it's prior filing, the firm reported owning 1,826K shares, representing a decrease of 17.53%. The firm decreased its portfolio allocation in DFIN by 13.25% over the last quarter.
ASVIX - Small Cap Value Fund Investor Class holds 1,280K shares representing 4.35% ownership of the company. In it's prior filing, the firm reported owning 1,505K shares, representing a decrease of 17.58%. The firm decreased its portfolio allocation in DFIN by 12.26% over the last quarter.
Rice Hall James & Associates holds 1,071K shares representing 3.64% ownership of the company. In it's prior filing, the firm reported owning 1,168K shares, representing a decrease of 9.07%. The firm increased its portfolio allocation in DFIN by 95,906.02% over the last quarter.
Donnelley Financial Solutions Background Information
(This description is provided by the company.)
Donnelley Financial Solutions (DFIN) is a leading global risk and compliance solutions company. DFIN provides domain expertise, enterprise software and data analytics for every stage of its clients' business and investment lifecycles. Markets Vuctuate, regulations evolve, technology advances, and through it all, DFIN delivers con dence with the right solutions in moments that matter.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on June 30, 2023, Needham initiated coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation. Markets Vuctuate, regulations evolve, technology advances, and through it all, DFIN delivers con dence with the right solutions in moments that matter. Average portfolio weight of all funds dedicated to DFIN is 0.18%, an increase of 11.93%.
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Fintel reports that on June 30, 2023, Needham initiated coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation. Average portfolio weight of all funds dedicated to DFIN is 0.18%, an increase of 11.93%. The put/call ratio of DFIN is 0.93, indicating a bullish outlook.
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Fintel reports that on June 30, 2023, Needham initiated coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation. Average portfolio weight of all funds dedicated to DFIN is 0.18%, an increase of 11.93%. The put/call ratio of DFIN is 0.93, indicating a bullish outlook.
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Fintel reports that on June 30, 2023, Needham initiated coverage of Donnelley Financial Solutions (NYSE:DFIN) with a Buy recommendation. Average portfolio weight of all funds dedicated to DFIN is 0.18%, an increase of 11.93%. The put/call ratio of DFIN is 0.93, indicating a bullish outlook.
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2023-05-04 00:00:00 UTC
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New Strong Buy Stocks for May 4th
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-may-4th-0
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Caterpillar CAT: This company which is the largest global construction and mining equipment manufacturer, has seen the Zacks Consensus Estimate for its current year earnings increasing 10.9% over the last 60 days.
Caterpillar Inc. Price and Consensus
Caterpillar Inc. price-consensus-chart | Caterpillar Inc. Quote
Portillo's Inc. PTLO: This fast-casual, quick service restaurant which offers Chicago-style favourites, has seen the Zacks Consensus Estimate for its current year earnings increasing 9.1% over the last 60 days.
Portillo's Inc. Price and Consensus
Portillo's Inc. price-consensus-chart | Portillo's Inc. Quote
United Airlines UAL: This air transportation services company that transports people and cargo through its mainline and regional fleets, has seen the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days.
United Airlines Holdings Inc Price and Consensus
United Airlines Holdings Inc price-consensus-chart | United Airlines Holdings Inc Quote
BNP Paribas BNPQY: This company which is a European leader in global banking and financial services, has seen the Zacks Consensus Estimate for its current year earnings increasing 8.3% over the last 60 day.
BNP Paribas SA Price and Consensus
BNP Paribas SA price-consensus-chart | BNP Paribas SA Quote
Donnelley Financial Solutions DFIN: This software and services company that offers content creation, management and distribution, as well as data analytics and multi-lingual localization services, has seen the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days.
Donnelley Financial Solutions Price and Consensus
Donnelley Financial Solutions price-consensus-chart | Donnelley Financial Solutions Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
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Caterpillar Inc. (CAT) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
BNP Paribas SA (BNPQY) : Free Stock Analysis Report
Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report
Portillo's Inc. (PTLO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BNP Paribas SA Price and Consensus BNP Paribas SA price-consensus-chart | BNP Paribas SA Quote Donnelley Financial Solutions DFIN: This software and services company that offers content creation, management and distribution, as well as data analytics and multi-lingual localization services, has seen the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report BNP Paribas SA (BNPQY) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Portillo's Inc. (PTLO) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Caterpillar CAT: This company which is the largest global construction and mining equipment manufacturer, has seen the Zacks Consensus Estimate for its current year earnings increasing 10.9% over the last 60 days.
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BNP Paribas SA Price and Consensus BNP Paribas SA price-consensus-chart | BNP Paribas SA Quote Donnelley Financial Solutions DFIN: This software and services company that offers content creation, management and distribution, as well as data analytics and multi-lingual localization services, has seen the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report BNP Paribas SA (BNPQY) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Portillo's Inc. (PTLO) : Free Stock Analysis Report To read this article on Zacks.com click here. United Airlines Holdings Inc Price and Consensus United Airlines Holdings Inc price-consensus-chart | United Airlines Holdings Inc Quote BNP Paribas BNPQY: This company which is a European leader in global banking and financial services, has seen the Zacks Consensus Estimate for its current year earnings increasing 8.3% over the last 60 day.
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BNP Paribas SA Price and Consensus BNP Paribas SA price-consensus-chart | BNP Paribas SA Quote Donnelley Financial Solutions DFIN: This software and services company that offers content creation, management and distribution, as well as data analytics and multi-lingual localization services, has seen the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report BNP Paribas SA (BNPQY) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Portillo's Inc. (PTLO) : Free Stock Analysis Report To read this article on Zacks.com click here. United Airlines Holdings Inc Price and Consensus United Airlines Holdings Inc price-consensus-chart | United Airlines Holdings Inc Quote BNP Paribas BNPQY: This company which is a European leader in global banking and financial services, has seen the Zacks Consensus Estimate for its current year earnings increasing 8.3% over the last 60 day.
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BNP Paribas SA Price and Consensus BNP Paribas SA price-consensus-chart | BNP Paribas SA Quote Donnelley Financial Solutions DFIN: This software and services company that offers content creation, management and distribution, as well as data analytics and multi-lingual localization services, has seen the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report BNP Paribas SA (BNPQY) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Portillo's Inc. (PTLO) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Caterpillar CAT: This company which is the largest global construction and mining equipment manufacturer, has seen the Zacks Consensus Estimate for its current year earnings increasing 10.9% over the last 60 days.
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2023-05-01 00:00:00 UTC
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Validea's Top 5 Financial Stocks Based On Joel Greenblatt - 5/1/2023
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https://www.nasdaq.com/articles/valideas-top-5-financial-stocks-based-on-joel-greenblatt-5-1-2023
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The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Donnelley Financial Solutions, Inc. is a global risk and compliance solutions company. It provides regulatory filing and deal solutions through its software, technology-enabled services and print and distribution solutions to public and private companies, mutual funds and others. Its segments include Capital Markets-Software Solutions (CM-SS), Capital Markets-Compliance and Communications Management (CM-CCM), Investment Companies-Software Solutions (IC-SS) and Investment Companies-Compliance and Communications Management (IC-CCM). CM-SS segment provides software solutions to public and private companies. CM-CCM segment provides technology-enabled services and print and distribution solutions to public and private companies. The Company's IC-SS segment provides software solutions that enable clients to store and manage compliance and regulatory information. IC-CCM segment provides its investment company clients tech-enabled services to prepare and file registration forms and others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC
DFIN Guru Analysis
DFIN Fundamental Analysis
ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arch Capital Group Ltd. is a Bermuda-based company that provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. Its insurance segment consists of the Company's insurance underwriting units, which offer specialty product lines, including construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other (consisting of alternative markets, excess workers' compensation and surety business). The reinsurance segment consists of the Company's reinsurance underwriting units, which offer specialty product lines, including casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other. The mortgage segment includes the Company's United States primary mortgage insurance business, investment and services related to United States credit-risk transfer (CRT).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARCH CAPITAL GROUP LTD.
ACGL Guru Analysis
ACGL Fundamental Analysis
PROGRESSIVE CORP (PGR) is a large-cap growth stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Progressive Corporation is an insurance holding company. The Company's segments include Personal Lines, Commercial Lines and Property. The Company's Personal Lines segment writes insurance for personal autos and recreational vehicles. Its Personal Lines products are sold through both the agency and direct channels. The Commercial Lines segment writes auto-related liability and physical damage insurance, business-related general liability and property insurance predominately for small businesses, and workers' compensation insurance primarily for the transportation industry. The Commercial Lines segment also offers its auto products in all states. The Property segment writes residential property and renters insurance in virtually all states, primarily in the independent agency channel and through select agents. The Company's non-insurance subsidiaries generally support its insurance and investment operations. The Company operates throughout the United States.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of PROGRESSIVE CORP
PGR Guru Analysis
PGR Fundamental Analysis
MARSH & MCLENNAN COMPANIES INC (MMC) is a large-cap growth stock in the Insurance (Miscellaneous) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Marsh & McLennan Companies, Inc. is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of advice and digital solutions that help organizations meet the health, wealth and career needs, and Oliver Wyman Group, the management and economic consultancy. It conducts business through two segments: Risk and Insurance Services, which includes risk management activities, as well as insurance and reinsurance broking and services, and Consulting includes health, wealth and career services and products, and specialized management, economic and brand consulting services. The Company conducts business in the Risk and Insurance Services segment through Marsh and Guy Carpenter. It conducts business in the Consulting segment through Mercer and Oliver Wyman Group.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of MARSH & MCLENNAN COMPANIES INC
MMC Guru Analysis
MMC Fundamental Analysis
M&T BANK CORP (MTB) is a large-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: M&T Bank Corporation is a bank holding company. The Company's bank subsidiaries include Manufacturers and Traders Trust Company and Wilmington Trust, N.A. It offers retail and commercial banking, and others. Its segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. Business Banking segment provides business loans and leases, including business credit cards, deposit products, and financial services. Commercial Banking segment provides credit products and banking services for middle-market and commercial customers. Discretionary Portfolio includes investment and trading account securities, residential real estate loans and other assets. Residential Mortgage Banking segment services residential mortgage loans and sells loans in secondary market to investors. Retail Banking segment offers services through delivery channels, which include branch offices, automated teller machines, and others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of M&T BANK CORP
MTB Guru Analysis
MTB Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt.
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DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. Its insurance segment consists of the Company's insurance underwriting units, which offer specialty product lines, including construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other (consisting of alternative markets, excess workers' compensation and surety business).
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DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. Its insurance segment consists of the Company's insurance underwriting units, which offer specialty product lines, including construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other (consisting of alternative markets, excess workers' compensation and surety business).
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DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. Company Description: Arch Capital Group Ltd. is a Bermuda-based company that provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries.
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2023-05-01 00:00:00 UTC
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Zacks Industry Outlook Highlights Donnelley Financial Solutions, Okta and Squarespace
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-donnelley-financial-solutions-okta-and-squarespace
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For Immediate Release
Chicago, IL – May 1, 2023 – Today, Zacks Equity Research discusses Donnelley Financial Solutions DFIN, Okta OKTA and Squarespace SQSP.
Industry: Internet - Software & Services
Link: https://www.zacks.com/commentary/2086717/3-software-services-stocks-looking-relatively-stable-in-2023
The outlook for the Internet-Software & Services industry appears mixed. Estimates have been increasing since January, driven by companies seeing strong resurgence in their business. Others were positively impacted by the pandemic and the rush-to-digitize trend that it gave rise to, but then fell into a tough spot as the market corrected itself. The possibility of a recession is also leading to cautiousness at some players even as others remain optimistic about their prospects, despite the macro concerns. The diversity of players in this group leads to some dissonance.
Being the backbone of the digital economy, it’s hard to see this industry doing badly over the long term. Some of these long-term trends are playing out this year even as concerns of a slowing economy looms large. The negative economic indicators, inflation and geopolitical tensions affect most players but some are better equipped than others to deal with the situation.
The industry usually trades at a premium to the S&P 500 because of its innovation-driven growth, but the past year has been something of an anomaly. With prices picking up gradually since January, there’s still time to find beaten-down stocks with better staying power or strong long-term potential. Our picks are Donnelley Financial Solutions, Okta and Squarespace.
About the Industry
The Internet Software & Services industry is a relatively small industry, primarily involved in enabling platforms, networks, solutions and services for online businesses and facilitating customer interaction and use of Internet based services.
Top Themes Driving the Industry
The level of technology adoption by businesses also impacts growth. With some companies already reaping the benefits of artificial intelligence, others are scrambling to catch up in order to stay competitive. This is further accelerating the adoption of technology that can help collect and analyze data, whether on premise or in the cloud. Additionally, today we have many more cloud-first companies than ever before. Therefore, there is steadily increasing demand for software and services delivered through the Internet.
The last few years have been tumultuous for the industry and the situation is likely to continue for another year at least. As the pandemic receded into the background, we were faced with record levels of inflation. And the Fed’s actions to control that is pushing us towards a recession. Additionally, the geopolitical tensions in Europe have a bearing on oil prices and supply chains, and therefore, also on large segments of the economy. Since the industry thrives on a strong economy that continues to do increasing levels of business, the outlook for 2023 is cloudy at best.
The current instability in demand is increasing uncertainties for players. Since software and services are of varying kinds, some players did well during the pandemic while others did well during the reopening. Some offer a subscription-based model, which has led to relative stability, especially when the companies have critical offerings. The ability to retain subscribers and raise prices as necessary is proving to be the key to success in the current environment.
The higher volume of business being operated through the cloud and the increasing demand for enabling software and services involves infrastructure buildout, which increases costs for players. This causes great fluctuations in profitability as new infrastructure is depreciated and fresh debt is serviced. So even for those players that have seen revenue growth accelerate as a result of the pandemic, profitability has remained a challenge.
Zacks Industry Rank Indicates Improving Prospects
The Zacks Internet – Software & Services industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #98, which places it in the top 39% of more than 250 Zacks classified industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates that the industry is coping better than many others. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of Zacks-ranked industries is because the earnings outlook for the constituent companies in aggregate is improving. The aggregate estimate revisions indicate that analyst opinion likely bottomed in January, with estimates for both 2023 and 2024 trending up since then. The group’s aggregate earnings are now down 3.2% over the past year while the 2024 estimate is up 11.4%.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry's Stock Market Performance Remains Poor
The past year’s performance of the Zacks Internet – Software & Services Industry shows that it has lagged the broader Zacks Computer and Technology Sector, as well as the S&P 500 during this period. But while the discount to the S&P 500 is substantial, it has traded closer to the sector on occasion, which hasn’t had a great run in the face of current macro concerns.
The aggregate share price of the industry dropped 12.8% over the past year compared to the broader sector’s decline of 0.5% and the S&P 500’s decline of 0.2%.
Industry's Current Valuation
While many of the individual players are still making losses, the industry as a whole continues to generate profits. Therefore, on the basis of forward 12-month price-to-earnings (P/E) ratio, we see that the industry is currently trading at a 33.44X multiple, which is an 8.38% discount to its median level of 36.5X over the past year. The S&P 500’s P/E is however just 18.15X (median value over the past year is 17.86X). The industry is also overvalued compared to the sector’s forward-12-month P/E of 22.37X. The premium to the industry at the median level is 71.7%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Okta, Inc. (OKTA) : Free Stock Analysis Report
Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report
Squarespace, Inc. (SQSP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – May 1, 2023 – Today, Zacks Equity Research discusses Donnelley Financial Solutions DFIN, Okta OKTA and Squarespace SQSP. Click to get this free report Okta, Inc. (OKTA) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Squarespace, Inc. (SQSP) : Free Stock Analysis Report To read this article on Zacks.com click here. With prices picking up gradually since January, there’s still time to find beaten-down stocks with better staying power or strong long-term potential.
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Click to get this free report Okta, Inc. (OKTA) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Squarespace, Inc. (SQSP) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – May 1, 2023 – Today, Zacks Equity Research discusses Donnelley Financial Solutions DFIN, Okta OKTA and Squarespace SQSP. Zacks Industry Rank Indicates Improving Prospects The Zacks Internet – Software & Services industry is housed within the broader Zacks Computer and Technology sector.
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For Immediate Release Chicago, IL – May 1, 2023 – Today, Zacks Equity Research discusses Donnelley Financial Solutions DFIN, Okta OKTA and Squarespace SQSP. Click to get this free report Okta, Inc. (OKTA) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Squarespace, Inc. (SQSP) : Free Stock Analysis Report To read this article on Zacks.com click here. About the Industry The Internet Software & Services industry is a relatively small industry, primarily involved in enabling platforms, networks, solutions and services for online businesses and facilitating customer interaction and use of Internet based services.
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For Immediate Release Chicago, IL – May 1, 2023 – Today, Zacks Equity Research discusses Donnelley Financial Solutions DFIN, Okta OKTA and Squarespace SQSP. Click to get this free report Okta, Inc. (OKTA) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Squarespace, Inc. (SQSP) : Free Stock Analysis Report To read this article on Zacks.com click here. The last few years have been tumultuous for the industry and the situation is likely to continue for another year at least.
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dd55059e-44a8-4658-8c7f-456e45c8ce0a
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728783.0
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2023-04-28 00:00:00 UTC
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3 Software & Services Stocks Looking Relatively Stable In 2023
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DFIN
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https://www.nasdaq.com/articles/3-software-services-stocks-looking-relatively-stable-in-2023
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nan
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nan
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The outlook for the Internet-Software & Services industry appears mixed. Estimates have been increasing since January, driven by companies seeing strong resurgence in their business. Others were positively impacted by the pandemic and the rush-to-digitize trend that it gave rise to, but then fell into a tough spot as the market corrected itself. The possibility of a recession is also leading to cautiousness at some players even as others remain optimistic about their prospects, despite the macro concerns. The diversity of players in this group leads to some dissonance.
Being the backbone of the digital economy, it’s hard to see this industry doing badly over the long term. Some of these long-term trends are playing out this year even as concerns of a slowing economy looms large. The negative economic indicators, inflation and geopolitical tensions affect most players but some are better equipped than others to deal with the situation.
The industry usually trades at a premium to the S&P 500 because of its innovation-driven growth, but the past year has been something of an anomaly. With prices picking up gradually since January, there’s still time to find beaten-down stocks with better staying power or strong long-term potential. Our picks are Donnelley Financial Solutions (DFIN), Okta (OKTA) and Squarespace (SQSP).
About the Industry
The Internet Software & Services industry is a relatively small industry, primarily involved in enabling platforms, networks, solutions and services for online businesses and facilitating customer interaction and use of Internet based services.
Top Themes Driving the Industry
The level of technology adoption by businesses also impacts growth. With some companies already reaping the benefits of artificial intelligence, others are scrambling to catch up in order to stay competitive. This is further accelerating the adoption of technology that can help collect and analyze data, whether on premise or in the cloud. Additionally, today we have many more cloud-first companies than ever before. Therefore, there is steadily increasing demand for software and services delivered through the Internet.
The last few years have been tumultuous for the industry and the situation is likely to continue for another year at least. As the pandemic receded into the background, we were faced with record levels of inflation. And the Fed’s actions to control that is pushing us towards a recession. Additionally, the geopolitical tensions in Europe have a bearing on oil prices and supply chains, and therefore, also on large segments of the economy. Since the industry thrives on a strong economy that continues to do increasing levels of business, the outlook for 2023 is cloudy at best.
The current instability in demand is increasing uncertainties for players. Since software and services are of varying kinds, some players did well during the pandemic while others did well during the reopening. Some offer a subscription-based model, which has led to relative stability, especially when the companies have critical offerings. The ability to retain subscribers and raise prices as necessary is proving to be the key to success in the current environment.
The higher volume of business being operated through the cloud and the increasing demand for enabling software and services involves infrastructure buildout, which increases costs for players. This causes great fluctuations in profitability as new infrastructure is depreciated and fresh debt is serviced. So even for those players that have seen revenue growth accelerate as a result of the pandemic, profitability has remained a challenge.
Zacks Industry Rank Indicates Improving Prospects
The Zacks Internet – Software & Services industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #98, which places it in the top 39% of more than 250 Zacks classified industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates that the industry is coping better than many others. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of Zacks-ranked industries is because the earnings outlook for the constituent companies in aggregate is improving. The aggregate estimate revisions indicate that analyst opinion likely bottomed in January, with estimates for both 2023 and 2024 trending up since then. The group’s aggregate earnings are now down 3.2% over the past year while the 2024 estimate is up 11.4%.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry's Stock Market Performance Remains Poor
The past year’s performance of the Zacks Internet – Software & Services Industry shows that it has lagged the broader Zacks Computer and Technology Sector, as well as the S&P 500 during this period. But while the discount to the S&P 500 is substantial, it has traded closer to the sector on occasion, which hasn’t had a great run in the face of current macro concerns.
The aggregate share price of the industry dropped 12.8% over the past year compared to the broader sector’s decline of 0.5% and the S&P 500’s decline of 0.2%.
One-Year Price Performance
Image Source: Zacks Investment Research
Industry's Current Valuation
While many of the individual players are still making losses, the industry as a whole continues to generate profits. Therefore, on the basis of forward 12-month price-to-earnings (P/E) ratio, we see that the industry is currently trading at a 33.44X multiple, which is an 8.38% discount to its median level of 36.5X over the past year. The S&P 500’s P/E is however just 18.15X (median value over the past year is 17.86X). The industry is also overvalued compared to the sector’s forward-12-month P/E of 22.37X. The premium to the industry at the median level is 71.7%.
The industry has traded in the annual range of 59.75X to 29.38X, as the chart below shows.
Forward 12 Month Price-to-Earnings (P/E) Ratio
Zacks Names "Single Best Pick to Double"
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Okta, Inc. (OKTA) : Free Stock Analysis Report
Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report
Squarespace, Inc. (SQSP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Our picks are Donnelley Financial Solutions (DFIN), Okta (OKTA) and Squarespace (SQSP). Click to get this free report Okta, Inc. (OKTA) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Squarespace, Inc. (SQSP) : Free Stock Analysis Report To read this article on Zacks.com click here. With prices picking up gradually since January, there’s still time to find beaten-down stocks with better staying power or strong long-term potential.
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Click to get this free report Okta, Inc. (OKTA) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Squarespace, Inc. (SQSP) : Free Stock Analysis Report To read this article on Zacks.com click here. Our picks are Donnelley Financial Solutions (DFIN), Okta (OKTA) and Squarespace (SQSP). Zacks Industry Rank Indicates Improving Prospects The Zacks Internet – Software & Services industry is housed within the broader Zacks Computer and Technology sector.
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Our picks are Donnelley Financial Solutions (DFIN), Okta (OKTA) and Squarespace (SQSP). Click to get this free report Okta, Inc. (OKTA) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Squarespace, Inc. (SQSP) : Free Stock Analysis Report To read this article on Zacks.com click here. About the Industry The Internet Software & Services industry is a relatively small industry, primarily involved in enabling platforms, networks, solutions and services for online businesses and facilitating customer interaction and use of Internet based services.
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Our picks are Donnelley Financial Solutions (DFIN), Okta (OKTA) and Squarespace (SQSP). Click to get this free report Okta, Inc. (OKTA) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report Squarespace, Inc. (SQSP) : Free Stock Analysis Report To read this article on Zacks.com click here. The last few years have been tumultuous for the industry and the situation is likely to continue for another year at least.
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28ceb294-264a-4f19-b666-07e0c7c1ff21
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728784.0
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2023-04-27 00:00:00 UTC
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Will Sabre (SABR) Report Negative Earnings Next Week? What You Should Know
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DFIN
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https://www.nasdaq.com/articles/will-sabre-sabr-report-negative-earnings-next-week-what-you-should-know-1
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nan
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nan
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The market expects Sabre (SABR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 4, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This provider of technology services to the travel industry is expected to post quarterly loss of $0.24 per share in its upcoming report, which represents a year-over-year change of +17.2%.
Revenues are expected to be $727.68 million, up 24.4% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Sabre?
For Sabre, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +19.15%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Sabre will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Sabre would post a loss of $0.32 per share when it actually produced a loss of $0.36, delivering a surprise of -12.50%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Sabre doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry Player
Donnelley Financial Solutions (DFIN), another stock in the Zacks Internet - Software and Services industry, is expected to report earnings per share of $0.54 for the quarter ended March 2023. This estimate points to a year-over-year change of -34.2%. Revenues for the quarter are expected to be $186.2 million, down 11.8% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Donnelley Financial has been revised 4.5% up to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #1 (Strong Buy), makes it difficult to conclusively predict that Donnelley Financial will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sabre Corporation (SABR) : Free Stock Analysis Report
Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Expected Results of an Industry Player Donnelley Financial Solutions (DFIN), another stock in the Zacks Internet - Software and Services industry, is expected to report earnings per share of $0.54 for the quarter ended March 2023. Click to get this free report Sabre Corporation (SABR) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report To read this article on Zacks.com click here. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
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Expected Results of an Industry Player Donnelley Financial Solutions (DFIN), another stock in the Zacks Internet - Software and Services industry, is expected to report earnings per share of $0.54 for the quarter ended March 2023. Click to get this free report Sabre Corporation (SABR) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report To read this article on Zacks.com click here. This Earnings ESP, combined with its Zacks Rank #1 (Strong Buy), makes it difficult to conclusively predict that Donnelley Financial will beat the consensus EPS estimate.
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Expected Results of an Industry Player Donnelley Financial Solutions (DFIN), another stock in the Zacks Internet - Software and Services industry, is expected to report earnings per share of $0.54 for the quarter ended March 2023. Click to get this free report Sabre Corporation (SABR) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
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Expected Results of an Industry Player Donnelley Financial Solutions (DFIN), another stock in the Zacks Internet - Software and Services industry, is expected to report earnings per share of $0.54 for the quarter ended March 2023. Click to get this free report Sabre Corporation (SABR) : Free Stock Analysis Report Donnelley Financial Solutions (DFIN) : Free Stock Analysis Report To read this article on Zacks.com click here. The market expects Sabre (SABR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2023.
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aba7cb8f-d37b-4528-84cc-70db63fb37d1
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728785.0
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2023-04-26 00:00:00 UTC
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Earnings Preview: Donnelley Financial Solutions (DFIN) Q1 Earnings Expected to Decline
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DFIN
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https://www.nasdaq.com/articles/earnings-preview%3A-donnelley-financial-solutions-dfin-q1-earnings-expected-to-decline
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nan
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nan
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Wall Street expects a year-over-year decline in earnings on lower revenues when Donnelley Financial Solutions (DFIN) reports results for the quarter ended March 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 3, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This financial commu
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Wall Street expects a year-over-year decline in earnings on lower revenues when Donnelley Financial Solutions (DFIN) reports results for the quarter ended March 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
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Wall Street expects a year-over-year decline in earnings on lower revenues when Donnelley Financial Solutions (DFIN) reports results for the quarter ended March 2023. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate This financial commu
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Wall Street expects a year-over-year decline in earnings on lower revenues when Donnelley Financial Solutions (DFIN) reports results for the quarter ended March 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on May 3, 2023, might help the stock move higher if these key numbers are better than expectations.
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Wall Street expects a year-over-year decline in earnings on lower revenues when Donnelley Financial Solutions (DFIN) reports results for the quarter ended March 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on May 3, 2023, might help the stock move higher if these key numbers are better than expectations.
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0c7bda8c-ea9a-4f6e-bf9e-abc2b89facd2
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728786.0
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2023-04-02 00:00:00 UTC
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Validea's Top Ten Technology Stocks Based On Joel Greenblatt - 4/2/2023
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DFIN
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https://www.nasdaq.com/articles/valideas-top-ten-technology-stocks-based-on-joel-greenblatt-4-2-2023
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nan
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nan
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The following are the top rated Technology stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ADEIA INC (ADEA) is a small-cap value stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Adeia Inc. is an incubator, which invests in advanced research and development to create technologies for the entertainment, media, consumer electronics and semiconductor industries. The Company invents, develops, acquires and licenses fundamental innovations, which allow people to explore and experience entertainment in a connected world. The Company's solutions touch consumers' day-to-day interaction with media, consumer electronics and entertainment, which enables its customers to build customized solutions for users around the globe. Its IP licensing platform provides access to innovations that allow its customers, who are media, entertainment, consumer electronics, social media and semiconductor companies in the world, to create technology solutions and products. It licenses its patent portfolios across various markets, including multichannel video programming distributors, over-the-top video service providers and social media companies, consumer electronics, and semiconductors.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of ADEIA INC
ADEA Guru Analysis
ADEA Fundamental Analysis
CONSENSUS CLOUD SOLUTIONS INC (CCSI) is a small-cap value stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Consensus Cloud Solutions, Inc. is a provider of digital cloud fax technology. The Company is a provider of secure information delivery services with a scalable software-as-a-service (SaaS) platform. Its products and solutions include eFax Corporate, Unite, jSign, Signal, Clarity and eFax. eFax Corporate provides digital cloud-fax technology serving approximately 45,000 customers. Unite is a single platform that allows the user to choose between several protocols to send and receive healthcare information in an environment. jSign provides electronic signature and digital signature solutions to businesses. Signal integrates with a hospitals electronic health record (EHR) system. Clarity is engaged in using natural language processing and artificial intelligence (NLP/AI) information. eFax is a global online faxing service with over one million customers worldwide and serving customers in approximately 50 countries. In addition to eFax, it offers a variety of brands for a subscription.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of CONSENSUS CLOUD SOLUTIONS INC
CCSI Guru Analysis
CCSI Fundamental Analysis
DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Donnelley Financial Solutions, Inc. is a global risk and compliance solutions company. It provides regulatory filing and deal solutions through its software, technology-enabled services and print and distribution solutions to public and private companies, mutual funds and others. Its segments include Capital Markets-Software Solutions (CM-SS), Capital Markets-Compliance and Communications Management (CM-CCM), Investment Companies-Software Solutions (IC-SS) and Investment Companies-Compliance and Communications Management (IC-CCM). CM-SS segment provides software solutions to public and private companies. CM-CCM segment provides technology-enabled services and print and distribution solutions to public and private companies. The Company's IC-SS segment provides software solutions that enable clients to store and manage compliance and regulatory information. IC-CCM segment provides its investment company clients tech-enabled services to prepare and file registration forms and others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC
DFIN Guru Analysis
DFIN Fundamental Analysis
EVERI HOLDINGS INC (EVRI) is a small-cap value stock in the Computer Hardware industry. The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Everi Holdings Inc. is a supplier of imaginative entertainment and technology solutions for the casino and digital gaming industry. The Company develops entertaining game content and gaming machines, gaming systems and services for land-based and iGaming operators. It operates through two segments: Games and Financial Technology Solutions (FinTech). Games segment provides gaming operators with gaming technology and entertainment products and services, including gaming machines, providing and maintaining the central determinant systems for the video lottery terminals installed in the State of New York and similar technology in certain tribal jurisdictions, and business-to-business (B2B) digital online gaming activities. The Company's FinTech segment provides gaming operators with financial technology products and services, including financial access and related services supporting digital, cashless and physical cash options across mobile, assisted and self-service channels.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of EVERI HOLDINGS INC
EVRI Guru Analysis
EVRI Fundamental Analysis
RESIDEO TECHNOLOGIES INC (REZI) is a mid-cap value stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Resideo Technologies, Inc. is a provider of security solutions primarily in residential environments. The Company operates through two segments: Products & Solutions, and ADI Global Distribution. The Products & Solutions segment consists of comfort, security, residential thermal (RTS) products and solutions. Its offerings include temperature and humidity control, thermal water and air solutions, as well as security panels, sensors, peripherals, wire and cable, communications devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software. ADI Global Distribution segment is the wholesale distributor of low-voltage security products including intrusion, telecom, network and audio-video (AV), access control and video products and participates in the broader related markets of smart home, fire, access control, power, audio, ProAV, networking, communications, wire and cable, enterprise connectivity, and structured wiring products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of RESIDEO TECHNOLOGIES INC
REZI Guru Analysis
REZI Fundamental Analysis
VONTIER CORP (VNT) is a mid-cap value stock in the Scientific & Technical Instr. industry. The rating according to our strategy based on Joel Greenblatt is 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Vontier Corporation is a global industrial technology company. The Company focuses on critical technical equipment, components, and software and services for manufacturing, repair and servicing in the mobility ecosystem globally. It supplies a range of solutions spanning advanced environmental sensors; fueling equipment; field payment hardware; point-of-sale, workflow and monitoring software; vehicle tracking and fleet management; software solutions for traffic light control; and vehicle mechanics and technicians' equipment. It operates through two segments: mobility technologies, which is a worldwide provider of environmental compliance, solutions and services focused on fuel dispensing, remote fuel management, point-of-sale and payment systems, telematics and smart city solutions, and diagnostics and repair technologies, which manufactures and distributes vehicle repair tools, toolboxes and automotive diagnostic equipment and software and a full line of wheel-service equipment.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of VONTIER CORP
VNT Guru Analysis
VNT Fundamental Analysis
PLAYTIKA HOLDING CORP (PLTK) is a mid-cap growth stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt is 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Playtika Holding Corp is a developer of mobile games. The Company's Playtika Boost Platform provides live game operations services and a proprietary technology to support portfolio of games. The Company owns and manages 15 games. It includes both casual and casino-themed games. The Company also provides free-to-play mobile games. The Company distributes its games through various web and mobile platforms such as Apple, Facebook, Google, and other web and mobile platforms. The Company's games include Slotomania, Bingo Blitz, House of Fun, Caesars Slots, World Series of Poker, Best Fiends, June's Journey, Solitaire Grand Harvest, and Board Kings. The Company's games are available on iOS App Store and Google Play Store.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of PLAYTIKA HOLDING CORP
PLTK Guru Analysis
PLTK Fundamental Analysis
TELEFONAKTIEBOLAGET LM ERICSSON (ERIC) is a large-cap value stock in the Communications Equipment industry. The rating according to our strategy based on Joel Greenblatt is 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company's segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks. The IT & Cloud business includes two business units: IT & Cloud Products and IT & Cloud Services. The focus in IT & Cloud is to help telecom operators and selected enterprises through the digital transformations ahead. It develops and delivers software-based solutions for television and media and combines a product portfolio that spans the television value chain, with systems integration and managed services. The portfolio includes compression, content publishing through set-top box or pure over-the-top, content delivery and analytics.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of TELEFONAKTIEBOLAGET LM ERICSSON
ERIC Guru Analysis
ERIC Fundamental Analysis
ASGN INC (ASGN) is a mid-cap growth stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt is 50% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ASGN Incorporated is a provider of information technology (IT) services and professional solutions, including technology and creative digital marketing, across the commercial and government sectors. The Company operates through two segments: Commercial and Federal Government. The Commercial segment provides IT services and solutions, digital and creative services to Fortune 1000 and large enterprise clients across the United States, Canada and Europe. The Federal Government segment delivers advanced solutions in cloud and enterprise IT, cybersecurity, artificial intelligence, machine learning and digital transformation to meet the mission critical needs of defense, intelligence and federal civilian agencies. The Company helps corporate enterprises and government organizations develop, implement and operate critical IT and business solutions through its integrated offering of professional staffing and IT consulting services and solutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of ASGN INC
ASGN Guru Analysis
ASGN Fundamental Analysis
DXC TECHNOLOGY CO (DXC) is a mid-cap value stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt is 50% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: DXC Technology Company is a global information technology (IT) services company. The Company helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. Its segments include Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help its customers address their business challenges and accelerate transformations adjusted to each customers industry and specific objectives. GBS offerings include analytics and engineering, applications, and business process services. The GIS segment provides a portfolio of technology offerings that deliver predictable outcomes and measurable results while reducing business risk and operational costs for customers. GIS offerings include cloud and security, IT outsourcing (ITO) and modern workplaces.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of DXC TECHNOLOGY CO
DXC Guru Analysis
DXC Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Detailed Analysis of CONSENSUS CLOUD SOLUTIONS INC CCSI Guru Analysis CCSI Fundamental Analysis DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis EVERI HOLDINGS INC (EVRI) is a small-cap value stock in the Computer Hardware industry. It operates through two segments: mobility technologies, which is a worldwide provider of environmental compliance, solutions and services focused on fuel dispensing, remote fuel management, point-of-sale and payment systems, telematics and smart city solutions, and diagnostics and repair technologies, which manufactures and distributes vehicle repair tools, toolboxes and automotive diagnostic equipment and software and a full line of wheel-service equipment.
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Detailed Analysis of CONSENSUS CLOUD SOLUTIONS INC CCSI Guru Analysis CCSI Fundamental Analysis DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis EVERI HOLDINGS INC (EVRI) is a small-cap value stock in the Computer Hardware industry. It operates through two segments: mobility technologies, which is a worldwide provider of environmental compliance, solutions and services focused on fuel dispensing, remote fuel management, point-of-sale and payment systems, telematics and smart city solutions, and diagnostics and repair technologies, which manufactures and distributes vehicle repair tools, toolboxes and automotive diagnostic equipment and software and a full line of wheel-service equipment.
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Detailed Analysis of CONSENSUS CLOUD SOLUTIONS INC CCSI Guru Analysis CCSI Fundamental Analysis DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis EVERI HOLDINGS INC (EVRI) is a small-cap value stock in the Computer Hardware industry. Games segment provides gaming operators with gaming technology and entertainment products and services, including gaming machines, providing and maintaining the central determinant systems for the video lottery terminals installed in the State of New York and similar technology in certain tribal jurisdictions, and business-to-business (B2B) digital online gaming activities.
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Detailed Analysis of CONSENSUS CLOUD SOLUTIONS INC CCSI Guru Analysis CCSI Fundamental Analysis DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC DFIN Guru Analysis DFIN Fundamental Analysis EVERI HOLDINGS INC (EVRI) is a small-cap value stock in the Computer Hardware industry. Its products and solutions include eFax Corporate, Unite, jSign, Signal, Clarity and eFax.
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7d64bca8-1026-44f3-a1aa-5492f708df5f
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728787.0
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2023-02-24 00:00:00 UTC
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Why Donnelley Financial Stock Dropped 13.8% This Week
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DFIN
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https://www.nasdaq.com/articles/why-donnelley-financial-stock-dropped-13.8-this-week
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nan
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nan
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What happened
Donnelley Financial Solutions (NYSE: DFIN) got roughed up this week, as the stock price dropped 13.8% from last Friday's close through 10:30 a.m. ET today, according to S&P Global Market Intelligence. The stock is trading at about $42.70 per share, up 10.5% year to date as of Friday morning at 10:30 a.m. ET.
It was a bad week overall, as the S&P 500 was down 3.2% and the Dow Jones Industrial Average fell 3.3%, while the Nasdaq Composite dropped 3.6% this week, as of Friday morning at 10:30 a.m. ET.
So what
Donnelley Financial provides risk management and compliance services for public companies and investment managers and financial services firms, with a clientele that includes more than 700 of the Fortune 1000. Its main focus is helping clients stay in compliance with Securities and Exchange Commission (SEC) and other financial regulations. It is the largest filer of data on the SEC's EDGAR database, with more than 170,000 filings annually.
The company posted fourth-quarter earnings on Feb. 21, and the stock tanked on the earnings miss. Net sales declined 28% to $168 million, while net income dropped 57% year over year to $10.9 million, or $0.36 per share.
The company's fortunes are tied to the movements of capital markets, so when mergers and acquisitions and initial public offerings are down, like they have been, there are fewer opportunities for its services, thus the revenue drop. However, the declines in that business were offset somewhat by decent sales in its software-as-a-service (SaaS), which provides risk management and compliance solutions for investment managers and financial services firms.
Now what
The numbers for the fourth quarter look especially bad, considering the fact that M&A activity was through the roof in the fourth quarter of 2021. But overall, the global M&A market was down 40% in the fourth quarter compared to the previous year, so CFO David Gardella was somewhat encouraged that sales for Donnelley's virtual deal room, Venue, were down only 19% year over year.
But unfortunately, the M&A market is not looking much better in 2023, which should result in another challenging year for Donnelley.
Gardella said in the fourth-quarter earnings call:
As it relates to our outlook for the first quarter of 2023, we expect continued weakness in the trajectory of our transactional sales offerings. The transactional pieces of our business remain challenging to forecast, and though we are very well positioned to secure the opportunities when market activity returns, we are planning for ongoing weakness in the near term.
Donnelley is a market leader in its niche, but until it further transforms its SaaS business, it will remain largely cyclical.
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Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool recommends Donnelley Financial Solutions. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Donnelley Financial Solutions (NYSE: DFIN) got roughed up this week, as the stock price dropped 13.8% from last Friday's close through 10:30 a.m. The company's fortunes are tied to the movements of capital markets, so when mergers and acquisitions and initial public offerings are down, like they have been, there are fewer opportunities for its services, thus the revenue drop. Gardella said in the fourth-quarter earnings call: As it relates to our outlook for the first quarter of 2023, we expect continued weakness in the trajectory of our transactional sales offerings.
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What happened Donnelley Financial Solutions (NYSE: DFIN) got roughed up this week, as the stock price dropped 13.8% from last Friday's close through 10:30 a.m. So what Donnelley Financial provides risk management and compliance services for public companies and investment managers and financial services firms, with a clientele that includes more than 700 of the Fortune 1000. Net sales declined 28% to $168 million, while net income dropped 57% year over year to $10.9 million, or $0.36 per share.
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What happened Donnelley Financial Solutions (NYSE: DFIN) got roughed up this week, as the stock price dropped 13.8% from last Friday's close through 10:30 a.m. So what Donnelley Financial provides risk management and compliance services for public companies and investment managers and financial services firms, with a clientele that includes more than 700 of the Fortune 1000. But overall, the global M&A market was down 40% in the fourth quarter compared to the previous year, so CFO David Gardella was somewhat encouraged that sales for Donnelley's virtual deal room, Venue, were down only 19% year over year.
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What happened Donnelley Financial Solutions (NYSE: DFIN) got roughed up this week, as the stock price dropped 13.8% from last Friday's close through 10:30 a.m. But overall, the global M&A market was down 40% in the fourth quarter compared to the previous year, so CFO David Gardella was somewhat encouraged that sales for Donnelley's virtual deal room, Venue, were down only 19% year over year. Gardella said in the fourth-quarter earnings call: As it relates to our outlook for the first quarter of 2023, we expect continued weakness in the trajectory of our transactional sales offerings.
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da7ca84f-b85c-4116-a38a-dbd911f97bef
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728788.0
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2023-02-21 00:00:00 UTC
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Financial Sector Update for 02/21/2023: NCR,WBA,AEL,AMSF,DFIN
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DFIN
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https://www.nasdaq.com/articles/financial-sector-update-for-02-21-2023%3A-ncrwbaaelamsfdfin
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nan
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nan
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Financial stocks continued to lose ground during afternoon trading Tuesday, with the NYSE Financial Index sliding 1.8% and the Financial Select Sector SPDR Fund (XLF) off by 2.0%.
The Philadelphia Housing Index was dropping 3.4% and the Real Estate Select Sector SPDR Fund (XLRE) was slipping by 1.9%. Existing home sales slid for the 12th month in a row during January, falling 0.7% from the prior month as high prices and low inventory continued to weigh on demand, the National Association of Realtors said.
Bitcoin was declining 1.2% to $24,502 while the yield for 10-year US Treasuries was climbing 12.7 basis points to 3.955%.
In company news, NCR (NCR) was ending nearly 2% lower. The automated teller machine company Tuesday said it was expanding its long-term agreement with Walgreens Boots Alliance (WBA) providing ATM services at nearly all of the drug store company's stores throughout the US and Puerto Rico.
AMERISAFE (AMSF) slid 2.1% after the workers' compensation insurance carrier reported Q4 operating earnings of $0.84 per share, improving on a breakeven quarter during the same quarter in 2021 and beating the two-analyst mean by $0.07 per share. Revenue also increased to $79.8 million during the three months ended Dec. 31, up from $78.4 million during the prior-year quarter and also exceeding the $75.1 million analyst mean.
American Equity Investment Life Holding (AEL) slumped 13% after Prosperity Group Holdings Tuesday withdrew its $3.82 billion proposal to acquire the life insurance company, citing American Equity's refusal to discuss a potential deal. American Equity rejected the unsolicited $45-per-share buyout proposal from privately held Prosperity Group on Dec. 20.
Donnelley Financial Solutions (DFIN) slumped over 21% after the capital markets company reported non-GAAP net income of $0.59 per diluted share, down from $1.07 per share during the year-ago quarter and trailing the three-analyst consensus expecting $0.69 per share. Revenue also fell to $167.7 million from $232.8 million during the prior-year period, also missing the $181.7 million Street view.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Donnelley Financial Solutions (DFIN) slumped over 21% after the capital markets company reported non-GAAP net income of $0.59 per diluted share, down from $1.07 per share during the year-ago quarter and trailing the three-analyst consensus expecting $0.69 per share. The Philadelphia Housing Index was dropping 3.4% and the Real Estate Select Sector SPDR Fund (XLRE) was slipping by 1.9%. American Equity Investment Life Holding (AEL) slumped 13% after Prosperity Group Holdings Tuesday withdrew its $3.82 billion proposal to acquire the life insurance company, citing American Equity's refusal to discuss a potential deal.
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Donnelley Financial Solutions (DFIN) slumped over 21% after the capital markets company reported non-GAAP net income of $0.59 per diluted share, down from $1.07 per share during the year-ago quarter and trailing the three-analyst consensus expecting $0.69 per share. Financial stocks continued to lose ground during afternoon trading Tuesday, with the NYSE Financial Index sliding 1.8% and the Financial Select Sector SPDR Fund (XLF) off by 2.0%. The Philadelphia Housing Index was dropping 3.4% and the Real Estate Select Sector SPDR Fund (XLRE) was slipping by 1.9%.
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Donnelley Financial Solutions (DFIN) slumped over 21% after the capital markets company reported non-GAAP net income of $0.59 per diluted share, down from $1.07 per share during the year-ago quarter and trailing the three-analyst consensus expecting $0.69 per share. Revenue also increased to $79.8 million during the three months ended Dec. 31, up from $78.4 million during the prior-year quarter and also exceeding the $75.1 million analyst mean. American Equity Investment Life Holding (AEL) slumped 13% after Prosperity Group Holdings Tuesday withdrew its $3.82 billion proposal to acquire the life insurance company, citing American Equity's refusal to discuss a potential deal.
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Donnelley Financial Solutions (DFIN) slumped over 21% after the capital markets company reported non-GAAP net income of $0.59 per diluted share, down from $1.07 per share during the year-ago quarter and trailing the three-analyst consensus expecting $0.69 per share. Financial stocks continued to lose ground during afternoon trading Tuesday, with the NYSE Financial Index sliding 1.8% and the Financial Select Sector SPDR Fund (XLF) off by 2.0%. The Philadelphia Housing Index was dropping 3.4% and the Real Estate Select Sector SPDR Fund (XLRE) was slipping by 1.9%.
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21ac04e0-3f7c-4668-a65c-c3d486dd3a5c
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728789.0
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2023-02-21 00:00:00 UTC
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Financial Sector Update for 02/21/2023: AEL,AMSF,DFIN
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DFIN
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https://www.nasdaq.com/articles/financial-sector-update-for-02-21-2023%3A-aelamsfdfin
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nan
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nan
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Financial stocks were sharply lower in afternoon trading, with the NYSE Financial Index sliding 1.7% and the Financial Select Sector SPDR Fund (XLF) off 2.1%.
The Philadelphia Housing Index was dropping 3.2% and the Real Estate Select Sector SPDR Fund (XLRE) was slipping 2.1%.
Bitcoin was declining 0.6% to $24,651 while the yield for 10-year US Treasuries was climbing 10.7 basis points to 3.935%.
In company news, American Equity Investment Life Holding (AEL) slumped almost 13% after Prosperity Group Holdings Tuesday withdrew its $3.82 billion proposal to acquire the life insurance company, citing American Equity's refusal to discuss a potential deal. American Equity on Dec. 20 rejected the unsolicited $45-per-share buyout proposal from privately held Prosperity Group.
AMERISAFE (AMSF) slid 3.6%, reversing a more than 2.2% decline earlier Tuesday, after the workers' compensation insurance carrier reported Q4 operating earnings of $0.84 per share, improving on a breakeven quarter during the same quarter in 2021 and beating the two-analyst mean by $0.07 per share. Revenue also increased to $79.8 million during the three months ended Dec. 31, up from $78.4 million during the prior-year quarter and also exceeding the $75.1 million analyst mean.
Donnelley Financial Solutions (DFIN) slumped nearly 24% after the capital markets company reported non-GAAP net income of $0.59 per diluted share, down from $1.07 per share during the year-ago quarter and trailing the three-analyst consensus expecting $0.69 per share. Revenue also fell to $167.7 million from $232.8 million during the prior-year period, also missing the $181.7 million Street view.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Donnelley Financial Solutions (DFIN) slumped nearly 24% after the capital markets company reported non-GAAP net income of $0.59 per diluted share, down from $1.07 per share during the year-ago quarter and trailing the three-analyst consensus expecting $0.69 per share. The Philadelphia Housing Index was dropping 3.2% and the Real Estate Select Sector SPDR Fund (XLRE) was slipping 2.1%. In company news, American Equity Investment Life Holding (AEL) slumped almost 13% after Prosperity Group Holdings Tuesday withdrew its $3.82 billion proposal to acquire the life insurance company, citing American Equity's refusal to discuss a potential deal.
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Donnelley Financial Solutions (DFIN) slumped nearly 24% after the capital markets company reported non-GAAP net income of $0.59 per diluted share, down from $1.07 per share during the year-ago quarter and trailing the three-analyst consensus expecting $0.69 per share. Financial stocks were sharply lower in afternoon trading, with the NYSE Financial Index sliding 1.7% and the Financial Select Sector SPDR Fund (XLF) off 2.1%. The Philadelphia Housing Index was dropping 3.2% and the Real Estate Select Sector SPDR Fund (XLRE) was slipping 2.1%.
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Donnelley Financial Solutions (DFIN) slumped nearly 24% after the capital markets company reported non-GAAP net income of $0.59 per diluted share, down from $1.07 per share during the year-ago quarter and trailing the three-analyst consensus expecting $0.69 per share. In company news, American Equity Investment Life Holding (AEL) slumped almost 13% after Prosperity Group Holdings Tuesday withdrew its $3.82 billion proposal to acquire the life insurance company, citing American Equity's refusal to discuss a potential deal. AMERISAFE (AMSF) slid 3.6%, reversing a more than 2.2% decline earlier Tuesday, after the workers' compensation insurance carrier reported Q4 operating earnings of $0.84 per share, improving on a breakeven quarter during the same quarter in 2021 and beating the two-analyst mean by $0.07 per share.
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Donnelley Financial Solutions (DFIN) slumped nearly 24% after the capital markets company reported non-GAAP net income of $0.59 per diluted share, down from $1.07 per share during the year-ago quarter and trailing the three-analyst consensus expecting $0.69 per share. Financial stocks were sharply lower in afternoon trading, with the NYSE Financial Index sliding 1.7% and the Financial Select Sector SPDR Fund (XLF) off 2.1%. The Philadelphia Housing Index was dropping 3.2% and the Real Estate Select Sector SPDR Fund (XLRE) was slipping 2.1%.
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57d32cf9-dd4e-401c-b962-0d911376d8aa
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728790.0
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2023-02-21 00:00:00 UTC
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Donnelley Financial Solutions is Now Oversold (DFIN)
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DFIN
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https://www.nasdaq.com/articles/donnelley-financial-solutions-is-now-oversold-dfin
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Tuesday, shares of Donnelley Financial Solutions Inc (Symbol: DFIN) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $39.55 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 48.1. A bullish investor could look at DFIN's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DFIN shares:
Looking at the chart above, DFIN's low point in its 52 week range is $24.60 per share, with $50.38 as the 52 week high point — that compares with a last trade of $38.75.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A bullish investor could look at DFIN's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DFIN shares: Looking at the chart above, DFIN's low point in its 52 week range is $24.60 per share, with $50.38 as the 52 week high point — that compares with a last trade of $38.75. In trading on Tuesday, shares of Donnelley Financial Solutions Inc (Symbol: DFIN) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $39.55 per share.
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A bullish investor could look at DFIN's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DFIN shares: Looking at the chart above, DFIN's low point in its 52 week range is $24.60 per share, with $50.38 as the 52 week high point — that compares with a last trade of $38.75. In trading on Tuesday, shares of Donnelley Financial Solutions Inc (Symbol: DFIN) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $39.55 per share.
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In trading on Tuesday, shares of Donnelley Financial Solutions Inc (Symbol: DFIN) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $39.55 per share. The chart below shows the one year performance of DFIN shares: Looking at the chart above, DFIN's low point in its 52 week range is $24.60 per share, with $50.38 as the 52 week high point — that compares with a last trade of $38.75. A bullish investor could look at DFIN's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Tuesday, shares of Donnelley Financial Solutions Inc (Symbol: DFIN) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $39.55 per share. A bullish investor could look at DFIN's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DFIN shares: Looking at the chart above, DFIN's low point in its 52 week range is $24.60 per share, with $50.38 as the 52 week high point — that compares with a last trade of $38.75.
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020ecbf1-159e-4914-9e83-f56115a767fd
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728791.0
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2023-02-21 00:00:00 UTC
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Why Shares of Donnelley Financial Solutions Are Plunging
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DFIN
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https://www.nasdaq.com/articles/why-shares-of-donnelley-financial-solutions-are-plunging
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nan
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nan
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What happened
Shares of the financial software provider Donnelley Financial Solutions (NYSE: DFIN) traded almost 20% lower as of 11:11 a.m. ET today after the company reported earnings results for the fourth quarter of 2022 this morning that missed analyst estimates.
So what
Donnelley reported diluted earnings per share of $0.36 on total revenue of close to $168 million, both numbers that missed earnings estimates.
"We are pleased with the continued progress we made in the quarter toward becoming a software-centric company," Donnelley's CEO Daniel Leib said in an earnings statement. "Software solutions net sales made up 41% of fourth-quarter 2022 total net sales, a record level of software sales mix and an increase of approximately 930 basis points from last year's fourth-quarter sales mix."
Still, demand for the company's solutions, which include regulatory filing preparation software for private and public companies, as well as mutual funds, was challenged during the year. Full-year revenue fell 16%, although software solutions did manage to grow revenue slightly.
On a long-term basis, Donnelley hopes to grow total software solutions revenue in the mid-teen percentage range and hopes the division will make up 70% of its recurring revenue by 2026.
Now what
Although Donnelley disappointed the market with its quarterly results, it still has a strong balance sheet, with only $135 million of net debt at the end of 2022. Donnelley expects to generate $500 million of free cash flow between now and 2026.
The company is also repurchasing shares and making progress in its software division. The road might be challenging in the near term, but I don't think the challenges will be impossible for the company to overcome.
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Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool recommends Donnelley Financial Solutions. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of the financial software provider Donnelley Financial Solutions (NYSE: DFIN) traded almost 20% lower as of 11:11 a.m. ET today after the company reported earnings results for the fourth quarter of 2022 this morning that missed analyst estimates. "We are pleased with the continued progress we made in the quarter toward becoming a software-centric company," Donnelley's CEO Daniel Leib said in an earnings statement.
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What happened Shares of the financial software provider Donnelley Financial Solutions (NYSE: DFIN) traded almost 20% lower as of 11:11 a.m. So what Donnelley reported diluted earnings per share of $0.36 on total revenue of close to $168 million, both numbers that missed earnings estimates. "Software solutions net sales made up 41% of fourth-quarter 2022 total net sales, a record level of software sales mix and an increase of approximately 930 basis points from last year's fourth-quarter sales mix."
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What happened Shares of the financial software provider Donnelley Financial Solutions (NYSE: DFIN) traded almost 20% lower as of 11:11 a.m. "Software solutions net sales made up 41% of fourth-quarter 2022 total net sales, a record level of software sales mix and an increase of approximately 930 basis points from last year's fourth-quarter sales mix." On a long-term basis, Donnelley hopes to grow total software solutions revenue in the mid-teen percentage range and hopes the division will make up 70% of its recurring revenue by 2026.
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What happened Shares of the financial software provider Donnelley Financial Solutions (NYSE: DFIN) traded almost 20% lower as of 11:11 a.m. So what Donnelley reported diluted earnings per share of $0.36 on total revenue of close to $168 million, both numbers that missed earnings estimates. The company is also repurchasing shares and making progress in its software division.
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b4057619-d2e7-4634-8052-7afcff0c3058
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728792.0
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2023-02-21 00:00:00 UTC
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Financial Sector Update for 02/21/2023: HSBC, AMSF, DFIN, XLF, FAS, FAZ
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DFIN
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https://www.nasdaq.com/articles/financial-sector-update-for-02-21-2023%3A-hsbc-amsf-dfin-xlf-fas-faz
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nan
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nan
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Financial stocks were slipping premarket Tuesday as the Financial Select Sector SPDR Fund (XLF) was declining by 0.82% recently. The Direxion Daily Financial Bull 3X Shares (FAS) was down more than 2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was over 2% higher.
HSBC Holdings (HSBC) was climbing past 4% after it reported full-year 2022 earnings of $0.74 per diluted share, up from $0.62 a year earlier.
AMERISAFE (AMSF) was rallying by more than 5% after it reported Q4 operating earnings of $0.84 per share, compared with breakeven a year earlier. Two analysts polled by Capital IQ expected $0.77.
Donnelley Financial Solutions (DFIN) was declining by over 3% as it reported Q4 adjusted net earnings of $0.59 per diluted share, down from $1.07 a year earlier. Three analysts surveyed by Capital IQ expected $0.69.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Donnelley Financial Solutions (DFIN) was declining by over 3% as it reported Q4 adjusted net earnings of $0.59 per diluted share, down from $1.07 a year earlier. The Direxion Daily Financial Bull 3X Shares (FAS) was down more than 2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was over 2% higher. AMERISAFE (AMSF) was rallying by more than 5% after it reported Q4 operating earnings of $0.84 per share, compared with breakeven a year earlier.
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Donnelley Financial Solutions (DFIN) was declining by over 3% as it reported Q4 adjusted net earnings of $0.59 per diluted share, down from $1.07 a year earlier. The Direxion Daily Financial Bull 3X Shares (FAS) was down more than 2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was over 2% higher. HSBC Holdings (HSBC) was climbing past 4% after it reported full-year 2022 earnings of $0.74 per diluted share, up from $0.62 a year earlier.
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Donnelley Financial Solutions (DFIN) was declining by over 3% as it reported Q4 adjusted net earnings of $0.59 per diluted share, down from $1.07 a year earlier. The Direxion Daily Financial Bull 3X Shares (FAS) was down more than 2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was over 2% higher. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Donnelley Financial Solutions (DFIN) was declining by over 3% as it reported Q4 adjusted net earnings of $0.59 per diluted share, down from $1.07 a year earlier. The Direxion Daily Financial Bull 3X Shares (FAS) was down more than 2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was over 2% higher. Two analysts polled by Capital IQ expected $0.77.
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825e1c38-35ed-46ea-892c-acb1ae7ba0be
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728793.0
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2023-02-09 00:00:00 UTC
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Donnelley Financial Solutions Inc Shares Close in on 52-Week High - Market Mover
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DFIN
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https://www.nasdaq.com/articles/donnelley-financial-solutions-inc-shares-close-in-on-52-week-high-market-mover
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nan
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nan
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Donnelley Financial Solutions Inc (DFIN) shares closed today at 1.9% below its 52 week high of $49.63, giving the company a market cap of $1B. The stock is currently up 27.2% year-to-date, up 30.9% over the past 12 months, and up 151.4% over the past five years. This week, the Dow Jones Industrial Average fell 1.0%, and the S&P 500 fell 2.3%.
Trading Activity
Trading volume this week was 23.9% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 252.9%
The company's stock price performance over the past 12 months beats the peer average by -259.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -114.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Donnelley Financial Solutions Inc (DFIN) shares closed today at 1.9% below its 52 week high of $49.63, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 252.9% The company's stock price performance over the past 12 months beats the peer average by -259.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -114.3% higher than the average peer.
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Donnelley Financial Solutions Inc (DFIN) shares closed today at 1.9% below its 52 week high of $49.63, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 1.0%, and the S&P 500 fell 2.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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Donnelley Financial Solutions Inc (DFIN) shares closed today at 1.9% below its 52 week high of $49.63, giving the company a market cap of $1B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 252.9% The company's stock price performance over the past 12 months beats the peer average by -259.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -114.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Donnelley Financial Solutions Inc (DFIN) shares closed today at 1.9% below its 52 week high of $49.63, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 1.0%, and the S&P 500 fell 2.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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df4f76ca-010d-4913-b7fd-7d708c23d5e4
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728794.0
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2023-02-05 00:00:00 UTC
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Donnelley Financial Solutions Inc Shares Near 52-Week High - Market Mover
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DFIN
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https://www.nasdaq.com/articles/donnelley-financial-solutions-inc-shares-near-52-week-high-market-mover
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nan
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nan
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Donnelley Financial Solutions Inc (DFIN) shares closed today at 0.9% below its 52 week high of $49.13, giving the company a market cap of $1B. The stock is currently up 26.4% year-to-date, up 33.9% over the past 12 months, and up 144.4% over the past five years. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 rose 1.6%.
Trading Activity
Trading volume this week was 12.5% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 233.1%
The company's stock price performance over the past 12 months beats the peer average by -279.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -114.8% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Donnelley Financial Solutions Inc (DFIN) shares closed today at 0.9% below its 52 week high of $49.13, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 rose 1.6%. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.
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Donnelley Financial Solutions Inc (DFIN) shares closed today at 0.9% below its 52 week high of $49.13, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 rose 1.6%. Trading Activity Trading volume this week was 12.5% higher than the 20-day average.
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Donnelley Financial Solutions Inc (DFIN) shares closed today at 0.9% below its 52 week high of $49.13, giving the company a market cap of $1B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 233.1% The company's stock price performance over the past 12 months beats the peer average by -279.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -114.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Donnelley Financial Solutions Inc (DFIN) shares closed today at 0.9% below its 52 week high of $49.13, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 rose 1.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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e7c8a5e7-a7d7-4096-a2d1-4f926caf4aaa
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728795.0
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2023-01-30 00:00:00 UTC
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Russian businessman goes on trial on U.S. hack-and-trade charges
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DFIN
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https://www.nasdaq.com/articles/russian-businessman-goes-on-trial-on-u.s.-hack-and-trade-charges
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nan
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nan
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By Nate Raymond
BOSTON, Jan 30 (Reuters) - A Russian businessman with ties to the Kremlin made tens of millions of dollars trading on secret financial information obtained by hackers about multiple companies before it was public, a U.S. prosecutor said Monday at the start of his trial.
Vladislav Klyushin, 42, and his associates made nearly $90 million trading stocks based on yet-to-be-announced information about hundreds of companies stolen by hackers, Assistant U.S. Attorney Stephen Frank told a federal jury in Boston.
Klyushin, whose Moscow-based technology company M-13 did work for Russian President Vladimir Putin's government, personally turned a $2 million investment into $21 million and brought other investors into the scheme, Frank said.
"The defendant had tomorrow's news - tomorrow's headlines -today," Frank said in his opening statement. "And he exploited it for tens of millions of dollars in profit."
But defense lawyer Maksim Nemtsev countered that Klyushin was already had no reason to cheat, after already gaining financial success through his business, and that the prosecution's case was built on "gaping holes and inferences."
"There’s nothing illegal about being Russian, about having wealth, about having an IT technology company that contracts with the government," Nemtsev told the jury.
The three-week trial coincides with a low point in U.S.-Russia relations following Moscow's invasion of Ukraine in February last year. And while the case against Klyushin predates the war, his connections to the Kremlin have long intrigued U.S. authorities.
Klyushin was arrested in Switzerland while on a ski trip in March 2021 and was later extradited. He has pleaded not guilty to charges of conspiracy, wire fraud, unauthorized access to computers, and securities fraud.
Prosecutors say Klyushin's company, M-13, employed a former Russian military intelligence officer wanted by the U.S. government over allegations of involvement in hacking schemes aimed at interfering in the 2016 U.S. presidential election.
During Monday's trial, Frank said that hacker, Ivan Ermakov, and others broke into the networks of two firms that help publicly traded companies file reports with securities regulators, Donnelley Financial Solutions DFIN.N and Toppan Merrill.
Hackers from 2018 to 2020 viewed and download yet-to-be-announced earnings reports for hundreds of companies including Tesla Inc TSLA.O, Microsoft Corp and Kohl's, which Klyushin and others used to trade before the news was public, Frank said.
"It wasn’t luck, and it wasn’t because of carefully financial research either," Frank said. "The defendant cheated."
(Reporting by Nate Raymond in Boston; Editing by Alexia Garamfalvi and Grant McCool)
((Nate.Raymond@thomsonreuters.com and Twitter @nateraymond; 347-243-6917; Reuters Messaging: nate.raymond.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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During Monday's trial, Frank said that hacker, Ivan Ermakov, and others broke into the networks of two firms that help publicly traded companies file reports with securities regulators, Donnelley Financial Solutions DFIN.N and Toppan Merrill. By Nate Raymond BOSTON, Jan 30 (Reuters) - A Russian businessman with ties to the Kremlin made tens of millions of dollars trading on secret financial information obtained by hackers about multiple companies before it was public, a U.S. prosecutor said Monday at the start of his trial. Vladislav Klyushin, 42, and his associates made nearly $90 million trading stocks based on yet-to-be-announced information about hundreds of companies stolen by hackers, Assistant U.S. Attorney Stephen Frank told a federal jury in Boston.
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During Monday's trial, Frank said that hacker, Ivan Ermakov, and others broke into the networks of two firms that help publicly traded companies file reports with securities regulators, Donnelley Financial Solutions DFIN.N and Toppan Merrill. By Nate Raymond BOSTON, Jan 30 (Reuters) - A Russian businessman with ties to the Kremlin made tens of millions of dollars trading on secret financial information obtained by hackers about multiple companies before it was public, a U.S. prosecutor said Monday at the start of his trial. Vladislav Klyushin, 42, and his associates made nearly $90 million trading stocks based on yet-to-be-announced information about hundreds of companies stolen by hackers, Assistant U.S. Attorney Stephen Frank told a federal jury in Boston.
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During Monday's trial, Frank said that hacker, Ivan Ermakov, and others broke into the networks of two firms that help publicly traded companies file reports with securities regulators, Donnelley Financial Solutions DFIN.N and Toppan Merrill. By Nate Raymond BOSTON, Jan 30 (Reuters) - A Russian businessman with ties to the Kremlin made tens of millions of dollars trading on secret financial information obtained by hackers about multiple companies before it was public, a U.S. prosecutor said Monday at the start of his trial. Vladislav Klyushin, 42, and his associates made nearly $90 million trading stocks based on yet-to-be-announced information about hundreds of companies stolen by hackers, Assistant U.S. Attorney Stephen Frank told a federal jury in Boston.
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During Monday's trial, Frank said that hacker, Ivan Ermakov, and others broke into the networks of two firms that help publicly traded companies file reports with securities regulators, Donnelley Financial Solutions DFIN.N and Toppan Merrill. By Nate Raymond BOSTON, Jan 30 (Reuters) - A Russian businessman with ties to the Kremlin made tens of millions of dollars trading on secret financial information obtained by hackers about multiple companies before it was public, a U.S. prosecutor said Monday at the start of his trial. Klyushin, whose Moscow-based technology company M-13 did work for Russian President Vladimir Putin's government, personally turned a $2 million investment into $21 million and brought other investors into the scheme, Frank said.
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ba0fc78b-32c8-465d-8db4-dc4bf68c9ae8
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728796.0
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2022-12-04 00:00:00 UTC
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Validea's Top Five Technology Stocks Based On Joel Greenblatt - 12/4/2022
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DFIN
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https://www.nasdaq.com/articles/valideas-top-five-technology-stocks-based-on-joel-greenblatt-12-4-2022
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nan
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nan
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The following are the top rated Technology stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Donnelley Financial Solutions, Inc. is a global risk and compliance solutions company. It provides regulatory filing and deal solutions through its software, technology-enabled services and print and distribution solutions to public and private companies, mutual funds and others. Its segments include Capital Markets-Software Solutions (CM-SS), Capital Markets-Compliance and Communications Management (CM-CCM), Investment Companies-Software Solutions (IC-SS) and Investment Companies-Compliance and Communications Management (IC-CCM). CM-SS segment provides software solutions to public and private companies. CM-CCM segment provides technology-enabled services and print and distribution solutions to public and private companies. IC-SS segment provides software solutions that enable clients to store and manage compliance and regulatory information. IC-CCM segment provides its investment company clients tech-enabled services to prepare and file registration forms and others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC
Full Guru Analysis for DFIN>
Full Factor Report for DFIN>
HP INC (HPQ) is a large-cap value stock in the Computer Hardware industry. The rating according to our strategy based on Joel Greenblatt is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: HP Inc. is a global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Its segments include Personal Systems, Printing and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers (PCs), workstations, thin clients, commercial mobility devices, retail point-of-sale (POS) systems, displays and peripherals, software, support and services. The Printing segment provides consumer and commercial printer hardware, supplies, services and solutions. The Printing segment is also focused on graphics and three-dimensional (3D) imaging solutions in the commercial and industrial markets. The Corporate Investments segment includes HP Labs and certain business incubation and investment projects.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of HP INC
Full Guru Analysis for HPQ>
Full Factor Report for HPQ>
EVERTEC INC (EVTC) is a mid-cap value stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: EVERTEC, Inc. is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually. It offers a range of services for core bank processing, cash processing and technology outsourcing. It owns and operates the ATH network, which is a personal identification number (PIN) debit network in Latin America. It serves a range of financial institutions, merchants, corporations and government agencies with solutions that enable them to issue, process and accept transactions securely. The Company's range of services spans the entire transaction processing value chain and includes a range of front-end customer-facing solutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of EVERTEC INC
Full Guru Analysis for EVTC>
Full Factor Report for EVTC>
KULICKE AND SOFFA INDUSTRIES INC. (KLIC) is a mid-cap value stock in the Semiconductors industry. The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and tools as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. Its segments include Capital Equipment and Aftermarket Products and Services (APS). The Capital Equipment segment is engaged in the manufacture and sale of ball bonders, wafer level bonders, wedge bonders, advanced packaging, hybrid and electronic assembly solutions to semiconductor device manufacturers, device manufacturers (IDMs), outsourced semiconductor assembly and test providers (OSATs), other electronics manufacturers and automotive electronics suppliers. The APS segment is engaged in the manufacture and sale of a variety of tools for a broad range of semiconductor packaging applications, spare parts, equipment repair, maintenance and servicing, training services, refurbishment, and upgrades for its equipment. It serves the automotive and communications markets.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of KULICKE AND SOFFA INDUSTRIES INC.
Full Guru Analysis for KLIC>
Full Factor Report for KLIC>
RESIDEO TECHNOLOGIES INC (REZI) is a mid-cap value stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Resideo Technologies, Inc. is a provider of security solutions primarily in residential environments. The Company operates through two segments: Products & Solutions, and ADI Global Distribution. The Products & Solutions segment consists of comfort, security, residential thermal (RTS) products and solutions. Its offerings include temperature and humidity control, thermal water and air solutions, as well as security panels, sensors, peripherals, wire and cable, communications devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software. ADI Global Distribution segment is the wholesale distributor of low-voltage security products including intrusion, telecom, network and audio-video (AV), access control and video products and participates in the broader related markets of smart home, fire, access control, power, audio, ProAV, networking, communications, wire and cable, enterprise connectivity, and structured wiring products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of RESIDEO TECHNOLOGIES INC
Full Guru Analysis for REZI>
Full Factor Report for REZI>
More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC Full Guru Analysis for DFIN> Full Factor Report for DFIN> HP INC (HPQ) is a large-cap value stock in the Computer Hardware industry. Company Description: HP Inc. is a global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors.
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DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC Full Guru Analysis for DFIN> Full Factor Report for DFIN> HP INC (HPQ) is a large-cap value stock in the Computer Hardware industry. Detailed Analysis of EVERTEC INC Full Guru Analysis for EVTC> Full Factor Report for EVTC> KULICKE AND SOFFA INDUSTRIES INC. (KLIC) is a mid-cap value stock in the Semiconductors industry.
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DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC Full Guru Analysis for DFIN> Full Factor Report for DFIN> HP INC (HPQ) is a large-cap value stock in the Computer Hardware industry. Its segments include Capital Markets-Software Solutions (CM-SS), Capital Markets-Compliance and Communications Management (CM-CCM), Investment Companies-Software Solutions (IC-SS) and Investment Companies-Compliance and Communications Management (IC-CCM).
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DONNELLEY FINANCIAL SOLUTIONS INC (DFIN) is a small-cap value stock in the Software & Programming industry. Detailed Analysis of DONNELLEY FINANCIAL SOLUTIONS INC Full Guru Analysis for DFIN> Full Factor Report for DFIN> HP INC (HPQ) is a large-cap value stock in the Computer Hardware industry. The following are the top rated Technology stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt.
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f6fd9601-515a-4656-9569-bf1b944b1546
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728797.0
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2022-11-02 00:00:00 UTC
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Donnelley Financial Solutions (DFIN) Q3 Earnings and Revenues Miss Estimates
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DFIN
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https://www.nasdaq.com/articles/donnelley-financial-solutions-dfin-q3-earnings-and-revenues-miss-estimates
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nan
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nan
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Donnelley Financial Solutions (DFIN) came out with quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $1.36 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -28.70%. A quarter ago, it was expected that this financial communications and data services provider would post earnings of $0.98 per share when it actually produced earnings of $1.54, delivering a surprise of 57.14%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Donnelley Financial, which belongs to the Zacks Internet - Software and Services industry, posted revenues of $188.7 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 12.23%. This compares to year-ago revenues of $247.7 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Donnelley Financial shares have lost about 11.9% since the beginning of the year versus the S&P 500's decline of -19.1%.
What's Next for Donnelley Financial?
While Donnelley Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Donnelley Financial: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.94 on $198.5 million in revenues for the coming quarter and $4.50 on $891.7 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software and Services is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Globant (GLOB), another stock in the same industry, has yet to report results for the quarter ended September 2022.
This information technology services provider is expected to post quarterly earnings of $1.26 per share in its upcoming report, which represents a year-over-year change of +28.6%. The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level.
Globant's revenues are expected to be $457.3 million, up 33.8% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Donnelley Financial Solutions (DFIN): Free Stock Analysis Report
Globant S.A. (GLOB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Donnelley Financial Solutions (DFIN) came out with quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $1.08 per share. Donnelley Financial Solutions (DFIN): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock.
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Donnelley Financial Solutions (DFIN): Free Stock Analysis Report Donnelley Financial Solutions (DFIN) came out with quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $1.08 per share. Donnelley Financial, which belongs to the Zacks Internet - Software and Services industry, posted revenues of $188.7 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 12.23%.
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Donnelley Financial Solutions (DFIN) came out with quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $1.08 per share. Donnelley Financial Solutions (DFIN): Free Stock Analysis Report Donnelley Financial, which belongs to the Zacks Internet - Software and Services industry, posted revenues of $188.7 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 12.23%.
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Donnelley Financial Solutions (DFIN) came out with quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $1.08 per share. Donnelley Financial Solutions (DFIN): Free Stock Analysis Report The company has topped consensus revenue estimates two times over the last four quarters.
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b3160f00-09a9-4896-8d0a-db2bd9429b2b
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728798.0
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2022-10-15 00:00:00 UTC
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Here's Why Donnelley Financial Solutions (NYSE:DFIN) Has Caught The Eye Of Investors
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DFIN
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https://www.nasdaq.com/articles/heres-why-donnelley-financial-solutions-nyse%3Adfin-has-caught-the-eye-of-investors
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nan
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nan
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Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks' without any revenue, let alone profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should.
In contrast to all that, many investors prefer to focus on companies like Donnelley Financial Solutions (NYSE:DFIN), which has not only revenues, but also profits. While this doesn't necessarily speak to whether it's undervalued, the profitability of the business is enough to warrant some appreciation - especially if its growing.
Donnelley Financial Solutions' Earnings Per Share Are Growing
Generally, companies experiencing growth in earnings per share (EPS) should see similar trends in share price. That makes EPS growth an attractive quality for any company. It certainly is nice to see that Donnelley Financial Solutions has managed to grow EPS by 37% per year over three years. If the company can sustain that sort of growth, we'd expect shareholders to come away satisfied.
Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. The music to the ears of Donnelley Financial Solutions shareholders is that EBIT margins have grown from 17% to 23% in the last 12 months and revenues are on an upwards trend as well. Ticking those two boxes is a good sign of growth, in our book.
The chart below shows how the company's bottom and top lines have progressed over time. For finer detail, click on the image.
NYSE:DFIN Earnings and Revenue History October 15th 2022
Fortunately, we've got access to analyst forecasts of Donnelley Financial Solutions' future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting.
Are Donnelley Financial Solutions Insiders Aligned With All Shareholders?
It should give investors a sense of security owning shares in a company if insiders also own shares, creating a close alignment their interests. Donnelley Financial Solutions followers will find comfort in knowing that insiders have a significant amount of capital that aligns their best interests with the wider shareholder group. Indeed, they hold US$36m worth of its stock. This considerable investment should help drive long-term value in the business. While their ownership only accounts for 3.2%, this is still a considerable amount at stake to encourage the business to maintain a strategy that will deliver value to shareholders.
Is Donnelley Financial Solutions Worth Keeping An Eye On?
If you believe that share price follows earnings per share you should definitely be delving further into Donnelley Financial Solutions' strong EPS growth. With EPS growth rates like that, it's hardly surprising to see company higher-ups place confidence in the company through continuing to hold a significant investment. On the balance of its merits, solid EPS growth and company insiders who are aligned with the shareholders would indicate a business that is worthy of further research. Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Donnelley Financial Solutions (1 is significant) you should be aware of.
There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a free list of them here.
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NYSE:DFIN Earnings and Revenue History October 15th 2022 Fortunately, we've got access to analyst forecasts of Donnelley Financial Solutions' future profits. In contrast to all that, many investors prefer to focus on companies like Donnelley Financial Solutions (NYSE:DFIN), which has not only revenues, but also profits. Donnelley Financial Solutions followers will find comfort in knowing that insiders have a significant amount of capital that aligns their best interests with the wider shareholder group.
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In contrast to all that, many investors prefer to focus on companies like Donnelley Financial Solutions (NYSE:DFIN), which has not only revenues, but also profits. NYSE:DFIN Earnings and Revenue History October 15th 2022 Fortunately, we've got access to analyst forecasts of Donnelley Financial Solutions' future profits. Donnelley Financial Solutions' Earnings Per Share Are Growing Generally, companies experiencing growth in earnings per share (EPS) should see similar trends in share price.
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In contrast to all that, many investors prefer to focus on companies like Donnelley Financial Solutions (NYSE:DFIN), which has not only revenues, but also profits. NYSE:DFIN Earnings and Revenue History October 15th 2022 Fortunately, we've got access to analyst forecasts of Donnelley Financial Solutions' future profits. Donnelley Financial Solutions' Earnings Per Share Are Growing Generally, companies experiencing growth in earnings per share (EPS) should see similar trends in share price.
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NYSE:DFIN Earnings and Revenue History October 15th 2022 Fortunately, we've got access to analyst forecasts of Donnelley Financial Solutions' future profits. In contrast to all that, many investors prefer to focus on companies like Donnelley Financial Solutions (NYSE:DFIN), which has not only revenues, but also profits. Donnelley Financial Solutions' Earnings Per Share Are Growing Generally, companies experiencing growth in earnings per share (EPS) should see similar trends in share price.
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e3decbeb-6898-4295-b7dd-f194d90f0334
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728799.0
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2022-09-27 00:00:00 UTC
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Donnelley Financial Solutions (DFIN) Shares Cross Below 200 DMA
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DFIN
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https://www.nasdaq.com/articles/donnelley-financial-solutions-dfin-shares-cross-below-200-dma
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nan
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nan
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In trading on Tuesday, shares of Donnelley Financial Solutions Inc (Symbol: DFIN) crossed below their 200 day moving average of $35.17, changing hands as low as $35.13 per share. Donnelley Financial Solutions Inc shares are currently trading down about 0.5% on the day. The chart below shows the one year performance of DFIN shares, versus its 200 day moving average:
Looking at the chart above, DFIN's low point in its 52 week range is $24.60 per share, with $52.33 as the 52 week high point — that compares with a last trade of $35.14.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Donnelley Financial Solutions Inc (Symbol: DFIN) crossed below their 200 day moving average of $35.17, changing hands as low as $35.13 per share. The chart below shows the one year performance of DFIN shares, versus its 200 day moving average: Looking at the chart above, DFIN's low point in its 52 week range is $24.60 per share, with $52.33 as the 52 week high point — that compares with a last trade of $35.14. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Donnelley Financial Solutions Inc (Symbol: DFIN) crossed below their 200 day moving average of $35.17, changing hands as low as $35.13 per share. The chart below shows the one year performance of DFIN shares, versus its 200 day moving average: Looking at the chart above, DFIN's low point in its 52 week range is $24.60 per share, with $52.33 as the 52 week high point — that compares with a last trade of $35.14. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Donnelley Financial Solutions Inc (Symbol: DFIN) crossed below their 200 day moving average of $35.17, changing hands as low as $35.13 per share. The chart below shows the one year performance of DFIN shares, versus its 200 day moving average: Looking at the chart above, DFIN's low point in its 52 week range is $24.60 per share, with $52.33 as the 52 week high point — that compares with a last trade of $35.14. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Donnelley Financial Solutions Inc (Symbol: DFIN) crossed below their 200 day moving average of $35.17, changing hands as low as $35.13 per share. The chart below shows the one year performance of DFIN shares, versus its 200 day moving average: Looking at the chart above, DFIN's low point in its 52 week range is $24.60 per share, with $52.33 as the 52 week high point — that compares with a last trade of $35.14. Donnelley Financial Solutions Inc shares are currently trading down about 0.5% on the day.
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cbf6a88d-cb67-4516-86ac-3001cf3d0e6d
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