Vitezslav Vylicil
By Rob Isbitts
Summary
First Trust Dow Jones Internet ETF (NYSEARCA:FDN) is a "who's who" of contemporary tech/internet icons. It is not a FAANG ETF per se, but it tends to track that group well, since it does own many of the
FDN: Solid ETF, Awful Time To Own It
Summary
- FDN is built to track the success of some of the most popular internet stocks.
- But for a while now, it has been tracking the failure of those very same stocks.
- It is solidly-built, but the times no longer favor it performing, at least for a while.
- There is a bit of hope, technically speaking. But it's likely the last hope in this market cycle.
- I rate it a Sell, but it is worth keeping in your ETF toolbox for the next bull cycle.
I'm Rob Isbitts, founder of Sungarden Investment Publishing. I run the new investing group Sungarden Investors Club, a community dedicated to navigating the modern investment climate with humility, discipline, and a non-traditional approach to income investing. I've been charting investments since the 1980s, and I spent decades an an investment advisor and fund manager before semi-retiring in 2020. Now, this investing group is my focus. The markets tells us a story…we just have to listen! I teach subscribers how to do that.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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