Top and Flop ETFs of Last Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2024
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Source: NASDAQ.COM
Market Performance Overview: Wall Street experienced significant declines in the first week of September, with the S&P 500 dropping 4.3%, the Nasdaq down 5.8%, and the Dow Jones falling 2.9%, driven by fears of an economic slowdown and disappointing job growth data.
Investor Behavior and ETF Trends: Investors are shifting towards defensive sectors amid market volatility, leading to increased interest in ETFs like iPath Series B S&P 500 VIX Short-Term Futures ETN and iShares 25+ Year Treasury STRIPS Bond ETF, while others like Valkyrie Bitcoin Miners ETF and Sprott Junior Uranium Miners ETF faced substantial losses.
Analyst Views on URNJ
Wall Street analysts forecast URNJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for URNJ 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: 35.350
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Current: 35.350
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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.
