Greetings!
Below please find the ETF Spotlight newsletter for
the week of May 10th, containing highlights of the research and
data on www.etfresearchcenter.com
as well as a recap of the past week's action in the ETF market. The focus of this week's edition is sales momentum. Feel free to share it with others who may be interested. |
In this week's issue
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 Sales momentum
- Chart of the week: ETFs with accelerating sales growth in 2011E
- Fund Focus: S&P MidCap 400 SPDR (MDY)
- Revisions, asset flows & short interest
- Sales momentum & P/S multiples for major ETFs
- Market monitor - movers & categories
To download the full newsletter click here. |
| Chart of the week
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ETFs with accelerating sales momentum in 2011EAccelerating sales  |
It appears as if sales momentum will decelerate for firms in most of the major ETFs we cover, including a marked slowdown in sales growth for big-cap Technology firms, the S&P500's largest sector (page 4). So we screened our database for ETFs where sales growth is still forecast to accelerate next year, and came up with the eclectic mix in the Chart of the Week, which includes both conventional and wind-energy funds, construction issues, and emerging markets. Positive sales momentum may make it easier for firms on hit their earnings targets and could result in stock price gains, but be cautious: while some ETFs on the list have high ALTAR Scores, others are very low or non-existent. To download the full newsletter, click here. |
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Fund Focus |
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S&P MidCap 400 SPDR (MDY)
With relatively large exposure to the Consumer Discretionary and Industrials sectors, profits of mid-cap firms are more cyclical than those of their large-cap counterparts, which could weigh on the earnings recovery if the U.S. economy remains sluggish. In any case, it appears that mid-cap stocks are relatively richly valued, and thus have an ALTAR Score below that of ETFs tracking the S&P500.
To download the full newsletter, click here.
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