![]() For comparison, its industry has an average Forward P/E of 5.32, which means Valero Energy is trading at a discount to the group. Valero Energy is holding a Zacks Rank of #3 (Hold) right now.ĭigging into valuation, Valero Energy currently has a Forward P/E ratio of 4.58. Over the past month, the Zacks Consensus EPS estimate has moved 4.22% lower. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). This model considers these estimate changes and provides a simple, actionable rating system. Participation from Market Makers and ECNs is strictly voluntary and as a result. ET) and the After Hours Market (4:00-8:00 p.m. Investors can capitalize on this by using the Zacks Rank. Investors may trade in the Pre-Market (4:00-9:30 a.m. ![]() With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These revisions typically reflect the latest short-term business trends, which can change frequently. It is also important to note the recent changes to analyst estimates for Valero Energy. Meanwhile, our latest consensus estimate is calling for revenue of $41.12 billion, up 14.54% from the prior-year quarter.įor the full year, our Zacks Consensus Estimates are projecting earnings of $27.17 per share and revenue of $175.76 billion, which would represent changes of +866.9% and +54.21%, respectively, from the prior year. The company is expected to report EPS of $6.16, up 149.39% from the prior-year quarter. Valero Energy will be looking to display strength as it nears its next earnings release, which is expected to be January 26, 2023. Heading into today, shares of the oil refiner had lost 7.76% over the past month, lagging the Oils-Energy sector's loss of 3.55% and the S&P 500's loss of 4.4% in that time. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 6.67%. This change outpaced the S&P 500's 0.41% loss on the day. It is based on a 60-month historical regression of the return on the stock onto the return on the S&P 500. PERFORMANCE OF ETFs HOLDINGs – FEES = PERFORMANCE OF ETFĭisclosure: David Trainer, Kyle Guske II, Matt Shuler, and Brian Pellegrini receive no compensation to write about any specific stock, sector, or theme.In the latest trading session, Valero Energy (VLO) closed at $126.41, marking a +1.64% move from the previous day. Put another way, research on ETF holdings is necessary due diligence because an ETF’s performance is only as good as its holdings. The Danger Withinīuying an ETF without analyzing its holdings is like buying a stock without analyzing its business and finances. REIT ETF (HAUS), Fidelity Cloud Computing ETF (FCLD), Invesco S&P Small Cap Utilities & Communication Services ETF PSCU, and State Street SPDR S&P Aerospace & Defense ETF XAR also earn a very unattractive predictive overall rating, which means not only do they hold poor stocks, they charge high total annual costs. State Street SPDR S&P Health Care Equipment ETF XHE, Tidal Home Appreciation U.S. ProShares Online Retail ETF ONLN is the worst rated ETF in Figure 2. State Street and Invesco IVZ appear more often than any other providers in Figure 2, which means that they offer the most ETFs with the worst holdings. Worst Sector ETFs 3Q22 New Constructs, LLC Figure 2 shows the ETFs within each sector with the worst holdings or portfolio management ratings.įigure 2: Sector ETFs with the Worst Holdings Poor HoldingsĪvoiding poor holdings is by far the hardest part of avoiding bad ETFs, but it is also the most important because an ETF’s performance is determined more by its holdings than its costs. The quality of an ETF’s holdings matters more than its management fee. ![]() We anticipate a trading range of 100-65 for. No matter how cheap an ETF looks, if it holds bad stocks, its performance will be bad. Our forecast for the average price of a barrel of West Texas Intermediate crude oil in 2023 remains 82, compared to last year's average price of 95. REIT ETF (SCHH) holds poor stocks and earns a very unattractive rating, despite having low total annual costs of 0.08%. FXZ’s very attractive Portfolio Management rating and 0.71% total annual cost also earns it a very attractive rating. First Trust Materials AlphaDEX Fund FXZ is the best ranked sector ETF overall that meets my liquidity minimums. FNCL’s neutral Portfolio Management rating and 0.09% total annual cost earns it a very attractive rating. Fidelity MSCI Financials Index ETF (FNCL) is the best ranked sector ETF in Figure 1. ![]() Investors need not pay high fees for quality holdings. Least Most Expensive Sector ETFs 3Q22 New Constructs, LLC
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |