First of all I do want to say a big THANK YOU to all of you for subscribing to FinLister! It was a very humbling and exciting to see the 18 of you sign up to read this first issue. As a good mentor of mine likes to quote at weddings, “This my friends is just the beginning, and such a sweet beginning too!”
With that I will jump into this week’s report. Even since writing it there were a couple of things that I would already change for next week’s issue. Of course if you have any feedback I would love to hear it.
As in the description of the newsletter, this is mostly data with some minor notes. My initial goal is to help you prep your week by giving you a recap of some of the big tech movers over the last week and how that relates to previous time periods. Right now, the data is all for US listed stocks. Many ETFs have holdings of overseas stocks; for now, overseas stocks are not included.
Enjoy,
Stuart Sim
Weekly Changes:
Out of 114 Tech ETFs analysed the average ETF had a modest 1.53% gain, compared to the S&P 500 which saw a fractional 0.386% rise over the week.
China focused CHIK topped the table as well as Lithium thematic based LIT. ARKW being the winner of broad tech.
Given the positive week it’s not a surprise to see the best performing Inverse ETF to be at -4%, and the top levered ETF was CWEB which tracks KWEB with 2x leverage.
From the top 5 performing ETFs for the week, there were 111 US listed stocks which returned an average of 3.85% for the week. 15 of those returned greater than 10%
The top US listed stocks all came out out of CWEB. All 5 returned greater than 28% which is interesting considering that CWEB on the whole ranked just 4th. This suggests that the top performing holdings from the other ETFs were foreign listed.
Similarly, CWEB held the majority of the biggest losers for the same reason.
Year-to-Date:
Of the 107 ETFs which have been around YTD, the average return sits at 13% compared the S&P 500 of -1.1%.
CWEB currently holds the top overall spot, as well as the top Levered spot and sits 72% up YTD.
The best performing Inverse ETF is down -53%.
From the top 5 ETFs we see 146 US listed stocks. On average these stocks are out performing the broader tech industry with an average return of 54%.
26 (17%) are up over 100% YTD.
The top gainers saw Fastly hold onto the #1 spot after a month or two of Zoom in the position. The distribution of holdings across the top 5 was a bit more even compared to the weekly cohort.
Similarly, the bottom holdings had a relatively equal distribution with Eventbrite and LendingClub holding the bottom.
Thank again for reading and hopefully you have a bit more information to arm yourself with for this upcoming week. Like I said, I’m very excited for a couple of tweaks next week. Every 4 weeks will also include a more detailed monthly recap.
Feel free to comment on what you’ve seen above and what else you’d like to see as well as share this email with anyone who you think might find it interesting.
Thanks again,
Stuart
Would love any feedback :)