META - SPGP: The GARP Claims Check Out But A Big Energy Bet
2024-07-04 11:51:24 ET
Summary
- SPGP is a multi-billion-dollar ETF with a portfolio of stocks with solid profitability trends, holding a 25% weight in the Energy sector.
- It is a large ETF with a low P/E ratio, high resource-sector exposure, and bullish technical trends, making it a solid choice for investors seeking equity diversification.
- I highlight key price levels to watch on the chart.
The Invesco S&P 500 GARP ETF (SPGP) is a growing fund as investors seek stocks that aren't priced at nosebleed levels but still feature solid profitability trends. But let's take a peek into the future to see what analysts believe about the sector EPS growth landscape. According to FactSet, non-GAAP per-share earnings are forecast to be best for the Information Technology sector followed by Health Care....
SPGP: The GARP Claims Check Out, But A Big Energy Bet