5 Sector ETFs That Outperformed With Double-Digit Gains in July
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Market Trends: In July, the U.S. stock market experienced a "Great Rotation" as investors shifted from technology stocks to smaller companies and sectors expected to benefit from potential Fed rate cuts, with the Dow Jones gaining 4.4% while the Nasdaq Composite fell 0.8%.
Top-Performing ETFs: Notable ETFs that performed well included First Trust NASDAQ ABA Community Bank Index Fund (up 19.5%), iShares U.S. Home Construction ETF (up 19.3%), and SPDR S&P Telecom ETF (up 15.7%), reflecting broader market confidence amid declining inflation and resilient economic growth.
Analyst Views on ITB
Wall Street analysts forecast ITB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ITB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 108.190
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Current: 108.190
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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.
