The profit cycle in the U.S. is peaking, says Richard Bernstein
Ryan Detrick, Carson Group and Richard Bernstein, Richard Bernstein Advisors, join 'Closing Bell: Overtime' to discuss whether investors should be defensive or stay bullish,
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Business Insider
a day ago
- Business Insider
The U.S. Stock Market Has Made an Impressive Comeback, but Will It Last?
The U.S. stock market has made an impressive comeback since its April slump. In fact, the S&P 500 (SPY), which plunged into correction territory following President Trump's historic tariffs, is now up over 19% from its April low. Carson Group's Ryan Detrick sees this early-year bottom as a sign that 2025 could still finish with strong gains. He compared the current setup to market comebacks in 2009 and 2020, when early-year declines of over 15% were followed by double-digit rallies. '2025 bottomed in April and the slingshot effect is in full motion,' Detrick said. Confident Investing Starts Here: However, some market experts are not as optimistic. Indeed, Dan Niles, the founder of Niles Investment Management, believes that while the current rally could push stocks to new record highs in the short term, risks are building for later this year. He argues that both consumers and corporations have been pulling demand forward to get ahead of price hikes, which may have artificially boosted near-term strength. For example, Niles pointed to when Apple (AAPL) rushed its shipments of iPhones from China to avoid paying tariffs. Looking ahead, Niles warned that the market is overlooking some troubling signals, such as rising Treasury yields and a weakening U.S. dollar. He expects that as the holiday season approaches and the effects of pulled-forward demand fade, stocks could face another sharp downturn. 'The further we get into the year, [investors should] get a lot more cautious and expect another big downdraft,' Niles said. As a result, he is maintaining a defensive portfolio and raising cash in order to prepare for potential volatility. There is no doubt that the next several months will test whether this rally has staying power or if it's running on borrowed time. Is SPY a Buy Right Now? Turning to Wall Street, analysts have a Moderate Buy consensus rating on SPY stock based on 419 Buys, 79 Holds, and seven Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average SPY price target of $663.03 per share implies 10.6% upside potential.
Yahoo
5 days ago
- Yahoo
Should You Invest in the First Trust RBA American Industrial Renaissance ETF (AIRR)?
If you're interested in broad exposure to the Industrials - Broad segment of the equity market, look no further than the First Trust RBA American Industrial Renaissance ETF (AIRR), a passively managed exchange traded fund launched on 03/10/2014. While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency. Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 13, placing it in bottom 19%. The fund is sponsored by First Trust Advisors. It has amassed assets over $3.55 billion, making it one of the largest ETFs attempting to match the performance of the Industrials - Broad segment of the equity market. AIRR seeks to match the performance of the Richard Bernstein Advisors American Industrial Renaissance Index before fees and expenses. The Richard Bernstein Advisors American Industrial Renaissance Index is measures the performance of small and mid cap US companies in the industrial and community banking sectors. Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same. Annual operating expenses for this ETF are 0.70%, making it one of the most expensive products in the space. It has a 12-month trailing dividend yield of 0.27%. While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis. This ETF has heaviest allocation in the Industrials sector--about 90.20% of the portfolio. Looking at individual holdings, Advanced Drainage Systems, Inc. (WMS) accounts for about 3.05% of total assets, followed by Emcor Group, Inc. (EME) and Mueller Water Products, Inc. (MWA). The top 10 holdings account for about 29.51% of total assets under management. The ETF has lost about -0.84% and was up about 5.23% so far this year and in the past one year (as of 06/03/2025), respectively. AIRR has traded between $61.92 and $86.09 during this last 52-week period. The ETF has a beta of 1.26 and standard deviation of 25.62% for the trailing three-year period, making it a high risk choice in the space. With about 57 holdings, it effectively diversifies company-specific risk. First Trust RBA American Industrial Renaissance ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, AIRR is a great option for investors seeking exposure to the Industrials ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well. Vanguard Industrials ETF (VIS) tracks MSCI US Investable Market Industrials 25/50 Index and the Industrial Select Sector SPDR ETF (XLI) tracks Industrial Select Sector Index. Vanguard Industrials ETF has $5.40 billion in assets, Industrial Select Sector SPDR ETF has $21.01 billion. VIS has an expense ratio of 0.09% and XLI charges 0.08%. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Trust RBA American Industrial Renaissance ETF (AIRR): ETF Research Reports Advanced Drainage Systems, Inc. (WMS) : Free Stock Analysis Report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Vanguard Industrials ETF (VIS): ETF Research Reports Industrial Select Sector SPDR ETF (XLI): ETF Research Reports MUELLER WATER PRODUCTS (MWA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
CNBC
29-05-2025
- CNBC
This market wants to go higher, Carson Group's Ryan Detrick
Ryan Detrick, Carson Group chief market strategist, joins 'Squawk Box' to discuss the latest market trends, state of the economy, where investors can find opportunity right now, and more.
