Stocks were looking to bounce back from last week’s losing streak the morning, and names linked to the reopening led the way. The number of adult Americans who have received at least one vaccination dose has risen to more than 75%, and infection rates appear to be trending lower in the U.S. The seven-day average of new cases through Friday came in at 136,000, down from the 157,000 average new cases at the end of August. According to former FDA commissioner Dr. Scott Gottlieb, the spreading variant that brought fresh momentum to Big Tech and growth stocks may be near its peak.
Factors such as value and quality are coming back into focus. “We think value is going to return to favor,” said CFRA’s Todd Rosenbluth. “We think we’re going to see a rotation again back towards value-oriented ETFs.”
Today’s stock pick highlights an investment that provides exposure to an array of large-cap value stocks for our readers with a longer-term horizon and those looking to shore up some of the gains from those soaring growth names linked to the spreading variant.
The iShares Russell 1000 Value ETF (IWD) offers exposure to large-cap companies that show strong signs of value. Investors with a longer-term horizon should consider the importance of large caps as they can add benefits to any well-balanced portfolio, including rock-solid stability and dividends. Companies within this segment are often considered some of the safest companies and tend to be in stable industries as well.
IWD is linked to the Russell 100 Value Index, which consists of roughly 650 holdings and is tilted heavily towards financials, energy, and health care. IWD is a staple in many portfolios, thanks to the fund’s level of diversification and cheap price. The fund has a relatively low expense ratio of 0.19% and a dividend yield of 1.57%.
Where to invest $1,000 right now...
Before you consider buying IWD, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not IWD.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
Click here to watch his presentation, and decide for yourself...
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
