EXCLUSIVE: Tema American Reshoring ETF Outshines S&P 500 Without Owning Magnificent 7 Stocks — 'They Can No Longer Manufacture In China'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2024
0mins
Source: Benzinga
- Reshoring ETF Performance: The Tema American Reshoring ETF (RSHO) has outperformed the S&P 500 Index by 7 percentage points, achieving a 32% annual gain.
- Reasons for Reshoring: Factors like supply chain insecurity, trade wars, and deglobalization are prompting companies like Micron Technology, Apple, General Motors, and Boeing to bring manufacturing back to the U.S.
- Government Support: Bipartisan policies totaling $1.85 trillion are driving reshoring efforts, focusing on infrastructure investment and job creation.
- Fund Strategy: The RSHO ETF holds 31 companies, including reshoring firms, facilitators, and beneficiaries in the U.S. midcap space.
- Fund Management: Managed by Chris Semenuk, the fund saw $15 million in inflows last week, reaching an asset under management of $35 million, showcasing strong performance without holding high-profile stocks.
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Analyst Views on BA
Wall Street analysts forecast BA stock price to rise
16 Analyst Rating
14 Buy
1 Hold
1 Sell
Strong Buy
Current: 225.000
Low
150.00
Averages
269.14
High
298.00
Current: 225.000
Low
150.00
Averages
269.14
High
298.00
About BA
The Boeing Company is an aerospace company. Its segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), and Global Services (BGS). Its BCA segment develops, produces and markets commercial jet aircraft principally for the commercial airline industry worldwide. Its family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. Its BGS segment provides services to its commercial and defense customers worldwide. It sustains aerospace platforms and systems with a range of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Orders and Deliveries: Boeing delivered 51 commercial aircraft in February, marking its strongest monthly result since 2017, and secured 21 gross aircraft orders, although six were cancellations, resulting in six net orders, indicating resilience in market demand.
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See More
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- Delivery Performance: Boeing's delivery numbers are showing relative strength, indicating a positive trend in their operations.
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See More
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- Use of Strategic Reserves: It highlights the importance of utilizing strategic reserves as part of the response strategy.
See More
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- Weapon Performance: The weapons involved are Boeing's Small Diameter Bombs, designed to strike targets over 40 miles away when launched from fighter aircraft, thereby enhancing Israel's long-range strike capabilities.
- Delivery Timeline: Deliveries are not expected to begin for roughly three years, which may impact Israel's strategic planning, especially given the current tensions in the Middle East.
- Transaction Structure: This deal is structured as a direct commercial sale between Boeing and Israel rather than a government-to-government foreign military sale, indicating Boeing's flexibility and adaptability in the international market.
See More
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- Efficiency Improvements: By optimizing production processes and supply chain management, Boeing has successfully increased delivery efficiency, which not only shortens delivery timelines but also boosts customer satisfaction.
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See More
