News Formal

Major Wall Street firm sees a breakout in luxury stocks — and lists three reasons why ETFs are a great way to play it

  • 📰 CNBC
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Matt Bartolini, head of SPDR Americas research at State Street Global Advisors, finds valuations, earnings upgrades and price momentum are fueling the charge.

SPDR Euro Stoxx 50 ETF

is considered a broad European ETF. The ETF is up about 20% so far this year, with a price increase of nearly 1.2% since the beginning of January. While the fund's top holding is LVMH at 7.29%, according to the company's website, Bartolini contends the shift applies beyond luxury stocks and to lower-end consumer stocks.— which is up almost 30% this year — as another one of his fund's major holdings. It also shows FEZ allocating more than 20% to consumer discretionary — 2.5% higher than its second-most allocated industry.

"That's on a broad-based level," he said. "So, basically, buy Europe and sell U.S. has been some of the trade that we have seen."

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Wall Street investors recession bet may cause bond, stock market crashInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Stock market today: Meta's surge fuels big Wall Street rallyWall Street rallied to its best day since January after Meta Platforms became the latest Big Tech company to blow past profit forecasts.
ソース: KPRC2 - 🏆 80. / 68 続きを読む »

Stock Market Today: Wall Street Rises to Cap a Winning AprilWall Street closed out a winning April with gains Friday as more companies say their profits at the start of the year weren’t as bad as expected.
ソース: TucsonStar - 🏆 339. / 59 続きを読む »

The most heavily shorted stocks on Wall Street include three electric vehicle-related namesThese increases in short interest come as all three stocks have taken a beating this year.
ソース: CNBC - 🏆 12. / 72 続きを読む »