Top ETF Areas of Last Week Amid Oil Shock and Safe-Haven Surge
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Market Performance: Last week, Wall Street experienced declines with the S&P 500 down 0.4%, Dow Jones down 1.3%, and Nasdaq down 0.6%, largely influenced by escalating tensions between Israel and Iran which affected investor sentiment.
ETF Highlights: Amidst geopolitical unrest, several ETFs saw significant gains, including the United States Oil ETF (up 12.4%) due to rising oil prices, and volatility-focused ETFs like iPath Series B S&P 500 VIX (up 9.2%), reflecting increased market uncertainty and potential supply disruptions.
Analyst Views on URA
Wall Street analysts forecast URA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for URA 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: 56.560
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Current: 56.560
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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.
