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While the markets are generally fixated on what the Magnificent Seven is doing in terms of first-quarter earnings, there are other names investors may want to track. This morning's earnings bonanza was highlighted by names like Coca-Cola (KO), BP p.lc.
First Trust Dorsey Wright Momentum & Value ETF selects 50 large/mid-cap stocks based on four value metrics after first passing a proprietary momentum screen. Its expense ratio is 0.60% and the ETF has $29 million in AUM. I found the Dorsey Wright approach to momentum investing to be unconvincing. Furthermore, an ETF applying the strategy has performed poorly over the last 18 years. DVLU's selection process also does not include any sector constraints, leading to 55% allocated to a single sector. This lack of guardrails will likely to lead to inconsistent returns.
The S&P 500 ETF (SPY) gapped up 1% at the open this morning, so we wanted to provide a quick summary of how the ETF has typically traded on days when it gaps up 1%+.
After an upbeat July, investors can bet on momentum ETFs that offer value in August.
The value factor is outpacing growth so far in 2021. Add momentum to the mix to get funds like the First Trust Dorsey Wright Momentum & Value ETF (DVLU).
Momentum and value are two distinct investment factors, and they're rarely married under a single ETF umbrella. The First Trust Dorsey Wright Momentum & Value ETF (DVLU) is changing the conversation.
Momentum strength is always good to have as a tailwind for an uptrending ETF, but what about a fund that captures the comeback in value as well? Thankfully, there is such a fund in the First Trust Dorsey Wright Momentum & Value ETF (DVLU).
The Mid Cap Value style ranks fifth in Q4'20. Based on an aggregation of ratings of 11 ETFs and 134 mutual funds in the Mid Cap Value style.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.