Is First Trust Consumer Discretionary AlphaDEX ETF (FXD) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 05 2024
0mins
Should l Buy DHI?
Source: NASDAQ.COM
Overview of FXD ETF: The First Trust Consumer Discretionary AlphaDEX ETF (FXD), launched in 2007, utilizes a smart beta strategy to select stocks based on fundamental characteristics rather than market capitalization, aiming to outperform traditional market cap weighted ETFs in the Consumer Discretionary sector.
Performance and Comparison: As of September 2024, FXD has gained approximately 11.81% over the past year, with an expense ratio of 0.61%. Investors seeking lower-cost alternatives may consider other ETFs like Vanguard Consumer Discretionary ETF (VCR) or Consumer Discretionary Select Sector SPDR ETF (XLY), which have lower expense ratios and larger asset bases.
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Analyst Views on DHI
Wall Street analysts forecast DHI stock price to rise
13 Analyst Rating
4 Buy
7 Hold
2 Sell
Hold
Current: 132.530
Low
117.00
Averages
160.58
High
195.00
Current: 132.530
Low
117.00
Averages
160.58
High
195.00
About DHI
D.R. Horton, Inc. is a homebuilding company. The Company constructs and sells homes through its operating divisions in 125 markets across 36 states. The Company’s segments include Homebuilding, Rental, Forestar, Financial Services, and Other. The Homebuilding divisions are primarily engaged in the acquisition and development of land and the construction and sale of residential homes. The Company’s rental segment consists of single-family and multifamily rental operations. The single-family rental operations construct and lease single-family homes within a community and then generally market each community for a bulk sale of rental homes. The Forestar segment is a residential lot development company with operations in 59 markets across 24 states. The Financial services segment provides mortgage financing and title agency services to homebuyers in many of the Company’s homebuilding markets. It also conducts insurance-related operations.
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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