Is First Trust Materials AlphaDEX ETF (FXZ) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Overview of First Trust Materials AlphaDEX ETF (FXZ): Launched in 2007, FXZ is a smart beta ETF that aims to outperform traditional market cap weighted indexes by using the AlphaDEX screening methodology to select stocks from the Russell 1000 Index, focusing primarily on the Materials sector.
Performance and Comparison: As of September 2024, FXZ has experienced a -4.33% loss this year but is up 3.67% over the past year; it has higher expenses compared to other ETFs like XLB and GUNR, which may offer lower-risk and cheaper alternatives for investors.
Analyst Views on RS
Wall Street analysts forecast RS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RS is 314.50 USD with a low forecast of 284.00 USD and a high forecast of 340.00 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.
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 330.840
Low
284.00
Averages
314.50
High
340.00
Current: 330.840
Low
284.00
Averages
314.50
High
340.00
About RS
Reliance, Inc. is a global-diversified metal solutions provider and the metals service center company in North America. The Company provides value-added metals processing services and distributes a full line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and other specialty steel products. It focuses on small orders with quick turnaround and value-added processing services. The Company services more than 125,000 customers in a variety of industries, including consumer products, general manufacturing, non-residential construction (including infrastructure and renewable energy), transportation (rail, truck trailer and shipbuilding), aerospace (commercial, military, defense and space), energy (oil and natural gas), electronics and semiconductor fabrication, industrial machinery and heavy industry (agricultural, construction and mining equipment). It also services the auto industry, through its toll processing 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.
