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Mon, Apr. 7, 9:10 AM
- Twitter's down 32% this year, Facebook's off 20% in a month, and biotech nearly that much, but money is returning to the industrial sector. While the Nasdaq 100 posted its worst one-day drop since 2011 on Friday and last week fell for the 3rd week in 4, the Industrial Select SPDR (XLI) gained 1.6%.
- In the year's first quarter, the XLI had lost 1.4%, putting it in 9th place among 10 S&P 500 groups.
- "You’re seeing the beginning of investors shifting money ahead of a wave of spending,” says Drew Nordlicht of HighTower Advisors. “The expectation is, as the economy begins to kick into a higher gear, corporate America will utilize the amount of cash to spend on capital expenditures."
- GE comprises more than 10% of the XLI, and UTX, Union Pacific, Boeing, and 3M round out the top 5, each with holdings in the 5% range.
- Related ETFs: XLI, PHO, CGW, PIO, VIS, ITA, FIW, PPA, IGF, CARZ, IYJ, XAR, IPN, EMIF, FIDU, PRN, UXI, FXR, PXR, EXI, GII, EVX, FLM, RGI, SIJ, PSCI, NFRA, TOLZ, AXID
Aug. 20, 2013, 3:52 PM
- It's not surprising Q3 guidance in the water and renewable-energy sector was relatively subdued given mixed economic data and continuation of delayed orders for big projects, says Wedbush, however ...
- Only Tetra Tach ((TTEK) showed ill-effect from the sequestration and instead there are encouraging signs out of municipalities.
- Xylem (XYL) and Watts Water (WTS) said Europe had been worse than expected, but saw recent stabilization. While several noted weakness in China, A.O. Smith (AOS) bucked the trend with a 30% increase in sales there.
- Wedbush's favorites are low-risk, high performers like Pentair (PTR), Franklin Electric (FELE), and Valmont Industries (VMI). Valmont is a controversial name, but the team fells concerns over slowing irrigation business are baked into the stock and the valuation - particularly given the balance sheet and ROIC - is compelling.
- Names to avoid are Nuverra Environmental (NES), Aegion (AEGN), and Energy Recovery (ERII) given disappointing quarters for the first two and an extremely overvalued ERII.
- ETFs of note: FIW, CGW, PHO, PIO.
Dec. 17, 2012, 2:51 PMBullish on the water sector, BAML says it's not just about "pressure both on the supply and demand side." The Global Water Total Return Index has formed a year-long bottom relative to the S&P, says the analyst team. At least four ETFs claim to be plays on water - PHO, PIO, CGW, FIW - but it's worth a look under the hood to see exactly what they're holding. | Comment!
Nov. 29, 2012, 3:42 PMPentair (PNR +2.8%) basks in an upgrade to Buy with price target of $58 from Bernstein. The move follows Pentair's 2013 EPS outlook of $3.10-$3.30 vs. 2012's expected range of $2.30-$2.35. Additionally, Pentair believes (presentation) it can earn $5 in 2015. The stock is the largest holding of the Water Resources ETF (PHO +1%). | Comment!
Aug. 21, 2012, 10:59 AMWater Resource ETFs may be more marketing ploy than a play on scarce potable water, writes Everyday Finance. PHO is more a utility REIT, the vast majority of its holdings being in real estate positions for utilities and water sanitizing companies. Others (PIO and CGW) face similar drawbacks. | 1 Comment
Mar. 26, 2012, 6:54 PMVC David Henderson has one word for you: water. Though not historically seen as a growth area, Henderson expects the strains of population growth, climate change, and emerging-markets industrialization to lead to heavy interest in both water infrastructure projects, and new technologies that can boost the availability of clean water. A few water ETFs: FIW, CGW, PHO, PIO. | 5 Comments
Jul. 21, 2011, 11:28 AMCitigroup economist Willem Buiter says the water market will soon become hotter than oil, arguing that the concentration of the world’s population and increasing standards of living will drive up demand. He recommends investors play the urbanization trend by buying into water companies such as DHR, ITT, NLC, PNR and ROP. Or maybe just buy one of the water ETFs CGW, FIW, PIO, and PHO. | Comment!
Jan. 31, 2011, 10:23 AM"Go long agriculture and water and go to the beach," says BlackRock CEO Larry Fink, "put those investments in the bottom drawer for 10 years." Noting Israel's recent gas discovery, Fink believes energy will be less profitable. "They're finding lots of ways to find new energy." PHO +0.9%. | 9 Comments
CGW vs. ETF Alternatives
The Guggenheim S&P Global Water Index Fund (NYSE:CGW), the "Fund", seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the S&P Global Water Index (the “Water Index” or “Index”). The Fund is the first U.S.-listed global water ETF. The Fund will normally invest at least 90% of its total assets in common stock and American depositary receipts (“ADRs”) based on the securities in the Index. Guggenheim Advisors, LLC (the "Investment Adviser”) seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation. The Fund, using a low cost “passive” or “indexing” investment approach, seeks to replicate, before fees and expenses, the performance of the S&P Global Water Index. The Index is comprised of approximately 50 equity securities selected, based on investment and other criteria, from a universe of companies listed on global developed market exchanges. S&P generally defines “developed markets” as the capital markets of those countries with high levels of per capita income and strict market regulation resulting in greater transparency. The universe of companies includes all companies classified by Standard & Poor’s Global Industry Classifications as being associated (in a manner representing a major component of such companies’ business) with the global demand for water, including water utilities, infrastructure, equipment, instruments and materials.
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