XOM - DGRO: A Broadening Into Cyclicals Helps But Near-Term Caution Signs Rising
2024-04-11 10:37:59 ET
Summary
- The S&P 500 equal weight ETF (RSP) has underperformed the S&P 500 Trust ETF (SPY) in 2023, underscoring a broadening out in the stock market rally.
- The iShares Core Dividend Growth ETF (DGRO) is closely tied to RSP and has a hold rating amid emerging momentum risks.
- DGRO has a diversified portfolio and low volatility, but its momentum has slowed in the second quarter.
- I highlight key price levels to watch as the Q1 reporting season gets underway.
The S&P 500 equal weight ETF ( RSP ) has significantly underperformed the S&P 500 Trust ETF ( SPY ) since the beginning of 2023. After posting a solid stretch of alpha dating back to the middle of 2020, tech and tech-related equities commanded the attention of investors last year, highlighted by the proliferation of the Magnificent Seven stocks. For now, RSP is holding its relative lows against SPY. ...
DGRO: A Broadening Into Cyclicals Helps, But Near-Term Caution Signs Rising