Cathie Wood Projects Market Growth and Rotation: ETFs To Play

The original version of this story appeared in Zacks.

Cathie Wood from Ark Invest, who is well-known in the investing world for her stock pick skills, reiterated her belief that a slowdown of the US economic growth will give strength to growth shares. According to a Reuters article, Wood stated that she believes that the market would start turning back towards growth and innovation.

– Zacks

According to a Reuters report, Wood thinks that the slow pace of the US economy’s growth and the weakening consumer prices index numbers indicate that it might be growing at a slower rate than expected by analysts. Cathie Wood has a portfolio that includes growth stocks such as Tesla TSLA Teladoc Health TDOC Unity Software U. It has experienced a loss of about 5.5% over the past year.

There are some bright spots within the investment world that could help to stimulate a market rally. The President Joe Biden has presented a highly effective plan for increasing the vaccine rate and controlling the epidemic. According to a CNBC report, he has made COVID-19 mandatory for all federal workers. Biden’s government will issue guidelines for the Labor Department to impose vaccine mandates on employers who have more than 100 employees, or conduct weekly testing.

Fundstrat’s Tom Lee noted this: “Ultimately, stocks finish September strongly.” The Delta variant appears to be organically slowing. A CNBC article mentioned that the White House plans to contain COVID-19.

According to a CNBC report, new data from CDC shows that there were around 136,000 new COVID-19 patients in the 7-day period ending Sep 10, compared with 157,000 at August’s end.

According to the latest data from ISM Manufacturing, Purchasing Managers’ Index (PMI), the US is showing a positive picture of the industry. According to a Reuters article, the metric increased to 59.9 in august from 59.5 in July. This was higher than forecasted at 58.6, which is based on Reuters data. A reading of more than 50% is indicative that U.S. manufacturing activity has expanded. The manufacturing sector (11.9%) saw growth for the 15th consecutive month.

To Ride the Tide, Growth ETFs

Growth ETFs are a good option for investors looking to take advantage of strong trends. These funds can be used to expose stocks that exhibit growth characteristics, such as higher volatility and higher P/S, P/S, and P/E rates, than value stocks. We have highlighted a few ETFs for growth that you could add to your portfolio.

Invesco Dynamic Large Cap Growth ETF PWB

This fund uses the Dynamic Large Capgrowth Intellidex Index. The expense ratio is 0.56%. PWB has a Zacks Gold ETF rank #2 (Buy), and a medium-risk outlook. (read: Growth ETFs Look Great after an Impressive August).

SPDR Portfolio S&P 500 Growth ETF SPYG

This fund is designed to deliver investment returns that are comparable to the S&P 500 Growth Index’s total return performance before expenses and fees. The expense ratio is 0.04%. SPYG has a Zacks ETF rank #2 with a medium-risk outlook. (read: Top ETF Stories August ).

iShares S&P 500 Growth ETF IVW

This fund is designed to provide exposure to U.S. large companies, whose earnings will grow at a faster rate than the market. The expense ratio is 0.18%. IVW has a Zacks ETF rank #2 with medium-risk outlook.

Schwab U.S. Large-Cap Growth ETF SCHG

This fund seeks to closely track the Dow Jones U.S. Large Cap Growth Total Stock Market Index’s total return before expenses and fees. The expense ratio is 0.04%. SCHG has a Zacks ETF Rank 2 and a medium-risk outlook. (read: Get the Latest Market Momentum with These ETF Strategies).

Vanguard S&P 500 Growth ETF VOOG

This fund tracks the performance of S&P 500 Growth Index. The expense ratio is 0.10%. VOOG has a Zacks ETF Rank 2 and a medium-risk outlook.

Zacks names “Best Pick to Double”

Five Zacks experts have selected their top pick from thousands of stocks to rocket +100% in the months ahead. Sheraz Mian, Director of Research picks the one with the greatest upside.

This company is well-known from its glory days. But few people would have predicted that the company was poised to make a huge turnaround. It could surpass or exceed other Zacks’ stocks set to double, such as Boston Beer Company (up +143.0% over 9 months) and Nvidia (up +175.9% within a year).


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Tesla, Inc.

Teladoc Health, Inc. (TDOC): Free Stock Analysis Report

Invesco Dynamic large Cap Growth ETF(PWB). ETF Research Reports

Schwab U.S. LargeCap Growth ETF (SCHG): ETF Research Reports

iShares S&P 500 Growth ETF (IVW): ETF Research Reports

SPDR Portfolio S&P 500 Growth ETF (SPYG): ETF Research Reports

Vanguard S&P 500 Growth ETF (VOOG): ETF Research Reports

Unity Software Inc.

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Zacks Investment Research

Publiated at Thu 16 Sep 2021 23.20:46 +0000

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