SPGP - SPGP: A Great Dividend ETF Bargain For Today's Economy
2024-04-23 07:00:00 ET
Summary
- The Invesco S&P 500 GARP ETF is a potentially excellent buy for today's economy, offering a combination of value, quality, and growth.
- The ETF's strategy is methodical and has delivered strong historical returns, outperforming value stocks and the S&P 500.
- The economy is improving, with retail sales and job market indicators pointing toward stronger growth, possibly 3%-plus.
- Higher for longer rates are not a threat to quality companies with strong growth and low valuations.
- SPGP's portfolio has 13.5% long-term growth rates, trades at 8.6X cash-adjusted earnings, and a PEG of 0.64, which is 50% less than the S&P. 15% historical returns are a result of a strategy validated by decades of market research.
In a market of rising fear and nervous investors worried about earnings season, wouldn't it be wonderful to be able to buy an ETF that was well positioned for today's economy?
Not just the current acceleration, but even a potential recession, as some economists still think might arrive in 2025 or 2026.
Today, I wanted to update you on the economy and interest rates to give you a big-picture view of why one of my favorite ETFs is a potentially excellent buy right now.