SPYG: Lacking Relative Strength Since July, Bullish Seasonal Trends
I maintain a hold rating on SPYG due to its lofty valuation and potential for value stocks' EPS growth to catch up. Despite impressive returns, SPYG's high forward P/E ratio and concentration in the Magnificent Seven stocks pose diversification risks. The ETF's technical chart shows near-term resistance at $84, though the long-term uptrend remains intact, with bullish seasonality in October and November.
Should SPDR Portfolio S&P 500 Growth ETF (SPYG) Be on Your Investing Radar?
If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the SPDR Portfolio S&P 500 Growth ETF (SPYG), a passively managed exchange traded fund launched on 09/25/2000.
SPYG: My Favorite Large Cap Growth Fund Focused On Magnificent 7
Earnings season features Tesla, Alphabet, Meta Platforms, Apple, Amazon, Microsoft, and Nvidia. SPYG remains a favorite large-cap growth ETF for potential future appreciation. Risks to investing in SPYG include market rotation, disappointing earnings, and underperformance in value-focused markets.
Should SPDR Portfolio S&P 500 Growth ETF (SPYG) Be on Your Investing Radar?
Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the SPDR Portfolio S&P 500 Growth ETF (SPYG) is a passively managed exchange traded fund launched on 09/25/2000.
SPYG: S&P 500 Growth Stocks Are Pricey, But Still Worth It
SPYG tracks the S&P 500 Growth Index, selecting S&P 500 stocks that feature solid sales and earnings growth rates, strong price momentum, and high valuations. Historically, it's underperformed many peers over the long run because of its price momentum screen, but based on my analysis, that shouldn't factor much into the end-of-year rebalancing. That leaves investors with a portfolio of stocks with competitive historical and estimated sales and earnings growth rates, slightly below-average valuations, and strong sentiment on Wall Street.
Large-Cap Growth ETF (SPYG) Hits New 52-Week High
For investors seeking momentum, SPDR S&P 500 Growth ETF SPYG is probably on the radar. The fund just hit a 52-week high and is up 39% from its 52-week low of $81.93 per share.
