Greetings!
Below please find the ETF Spotlight newsletter 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. Feel free to share it with anyone who may be interested.
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In this week's issue
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 Death of Clean Energy Stocks?
- Chart of the week: Change in 2011 EPS estimates over past month
- Fund Focus: Market Vectors Agribusiness (MOO)
- Revisions, asset flows & short interest
- 2011 book value per share estimates, annual change, and P/BV multiples for major ETFs
- Market monitor - movers & categories
To download the full newsletter click here.
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| Chart of the week |
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Death of Clean Energy Stocks?
The growing scandal over the Solyndra bankruptcy may (at last) be turning the tide of public opinion against subsidies and handouts for clean energy firms. Earnings forecasts for many stocks in the industry have been revised sharply downward over the past month, and investors have been dumping them driving prices down to a fraction of book value. As a result, some ETFs in the space have very high ALTAR Scores, but investors should exercise caution as these are well into SPECULATIVE territory.
Download the full newsletter here. Figure 1: Change in 2011 EPS estimates over past month
Source: AltaVista Research
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| Fund Focus |
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Market Vectors Agribusiness ETF (MOO) 
With major economies again on the verge of recession, Agribusiness could be a good place to hide. Valuations are still reasonable and while growth is forecast to slow next year after a healthy increase in 2011, estimates are still rising at a good clip. However, investors should note that with the majority of assets outside the U.S., including about 20% in emerging markets, MOO has been more volatile than one might expect. To download the full newsletter, click here. |
