4 Best Performing ETFs & Stocks Of Last Week

The recent rally in the U.S. stock market has not stalled despite a slew of worries. March rate hike concerns, growing fears over U.S. trade policies, doubt over Trump’s promised plan implementation and expensive valuation have sparked off risk aversion.

The Dow Jones Industrial Average extended its winning streak for the eleventh consecutive day, marking the longest streak since 1987. Also, the S&P 500 logged in the fifth consecutive weekly gains. Utilities, gold, high-dividend stocks, and other safe haven avenues led the way higher last week.

Given this, we have highlighted four top-performing ETFs and stocks of last week. Any of these could be strong momentum plays for investors ahead of Trump’s address to Congress on February 28.  

Best ETFs

ELEMENTS DJ High Yield Select 10 ETN (DOD - Free Report)

This is an ETN option and provides investors pure play to the 10 highest dividend-yielding securities in Dow Jones Industrial Average in equal proportions. It tracks the Dow Jones High Yield Select 10 Total Return Index and charges 75 bps in annual fees. The note has amassed only $36.2 million in its asset base while trades in light volume of around 13,000 shares on average daily basis. DOD gained 9.6% last week.

Hartford Multifactor REIT ETF (RORE - Free Report)

This fund targets real estate sector and follows the Hartford Risk-Optimized Multifactor REIT Index. It seeks to deliver a competitive yield and improve return potential in US REITs by diversifying across property types and selecting REITs with a favorable combination of factors, such as quality, momentum, and value. Holding 55 stocks in its basket, the ETF is widely diversified across components with each holding less than 2.6% of assets. It has accumulated $4.5 million in its asset base since its launch five month ago and hence sees a paltry volume of about 7,000 shares a day on average. RORE charges 45 bps in annual fees and gained 6.3% last week. 

iPath S&P 500 VIX Mid-Term Futures ETN (VXZ - Free Report)

This note seeks to track the S&P 500 VIX Mid-Term Futures Index Total Return, which provides exposure to a daily rolling long position in the fourth, fifth, sixth and seventh month VIX futures contracts. It has accumulated $36.9 million in its asset base while trades in good volume of more than 138,000 shares a day on average. It charges 0.89% in expense ratio and was up 4.7% last week.

Utilities Select Sector SPDR (XLU - Free Report)

With AUM of $7.8 billion, this fund provides exposure to a small basket of 30 utilities stocks by tracking the Utilities Select Sector Index. It is heavily concentrated on the top 10 holdings at 60.5% of assets. Electric utilities takes the top spot in terms of sectors at 62.1%, closely followed by multi utilities (33.4%). The product charges 14 bps in annual fees and sees a heavy volume of more than 16.1 million shares on average. XLU added 4.1% last week but has a Zacks ETF Rank of 4 or ‘Sell’ rating with a Medium risk outlook.

Best Stocks

Bellerophon Therapeutics Inc. (BLPH - Free Report)

This Zacks Rank #3 (Hold) biotherapeutics company is focused on developing products for the treatment of cardiopulmonary and cardiac diseases. Though no earnings estimate revision activity was found in the past seven days, the company has a solid growth prospect with a Growth Style Score of B. It has a market capitalization of $20.38 million and surged 53.8% last week.

LMI Aerospace Inc. (LMIA - Free Report)

This Zacks Rank #3 company is a leading fabricator, finisher and integrator of formed, close tolerance aluminum and specialty alloy components for use by the aerospace industry. Though no earnings estimate revision activity was found in the past seven days, the company boasts a solid Industry rank in the top 39%. It has a market capitalization of $180.68 million and has a VGM Style Score of D. Shares of LMIA has risen 49.2% last week.

Internap Corporation (INAP - Free Report)

This Zacks Rank #2 (Buy) company is a leading provider of information technology (IT) infrastructure services. It saw positive earnings estimate revision of four cents for 2017 in the past seven days and has a top VGM Style Score of A. The stock was up 32.8% last week and has a market cap of $139.2 million.

SunPower Corporation (SPWR - Free Report)

This Zacks Rank #5 (Strong Sell) company is engaged in developing, manufacturing, and delivering solar solutions worldwide. No earnings estimates revision activity was witnessed in the past seven days. While the stock has an ugly VGM Style Score of F and falls in the rotten Industry having Zacks Rank in the bottom 26%, it gained 31.5% last week.

Disclosure: None.

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