- Attributing the sharp pullback in WisdomTree (WETF +9.2%) to transitory macro volatility, Jefferies' Surinder Thind says this is the same high growth potential company today as it was one week ago, only now with a better price.
- The outlook for a strong dollar (which benefits WETF's lineup of currency-hedged ETFs) and rising rates remains intact, says Thind.
- Thind calls the recent insider sales non-events as they were due to personal circumstances. He notes CEO Jonathan Steinberg has sold nothing of late.
- Previously: WisdomTree lower on two-notch Citi downgrade (Aug. 26)