5 Hot ETFs of Last Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 13 2024
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Source: Benzinga
ETFs Capital Inflows: Last week, ETFs attracted $4.4 billion in capital, bringing year-to-date inflows to $532 billion, with U.S. fixed-income ETFs leading the way at $3.4 billion. The Vanguard S&P 500 ETF was the top performer, gathering $3 billion.
Market Trends and Economic Indicators: Despite a volatile week for Wall Street, where the S&P 500 recovered from losses, concerns about recession were fueled by weak labor market data. However, signs of economic resilience emerged as the services sector showed improvement, prompting investor speculation on potential interest rate cuts by the Federal Reserve.
Analyst Views on SCHR
Wall Street analysts forecast SCHR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SCHR 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: 25.020
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Current: 25.020
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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.
