This article highlights three ETFs rated by TipRanks’ AI analyst as Outperform and carrying at least 10% upside potential.
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Forget margin or options. Here's how the pros trade NVDA- State Street SPDR Portfolio S&P 500 ETF (SPYM)
- Invesco Russell 1000 Dynamic Multifactor ETF (OMFL)
- Nomura Focused Large Growth ETF (LRGG)
Exchange-traded funds (ETFs) provide investors with a robust opportunity to pursue capital growth through all types of market cycles. The snapshot below highlights what makes each fund stand out from the crowd.
- State Street SPDR Portfolio S&P 500 ETF (SPYM) — SPYM tracks the benchmark S&P 500 index, thereby providing investors with 500 of the largest U.S. companies across various industries. TipRanks’ ETF AI analyst currently has a $96 price target on SPYM, suggesting about 11% growth potential. The fund’s strength comes from the contributions of key portfolio holdings such as Apple (AAPL), Microsoft (MSFT), and Alphabet (GOOGL).
- Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) — OMFL is a dynamic fund that uses factors such as size, value, and volatility to reshuffle its portfolio as the market undergoes various economic cycles. This combines with the diversification strategy of committing capital across various sectors to generate returns for investors. The ETF AI analyst currently has a $75 price target on OMFL, suggesting about 10% upside. The fund’s current Outperform rating largely reflects the strong performance of key holdings such as Alphabet, Apple, Microsoft, Nvidia (NVDA), and Qualcomm (QCOM).
- Nomura Focused Large Growth ETF (LRGG) — This fund, formerly known as the Macquarie Focused Large Growth ETF, focuses on well-established but fast-growing companies, especially those in the tech sector. Instead of tracking an index, managers use quantitative data and in-depth fundamental analysis to reach their decisions. The ETF AI analyst currently has a price target of $48 on LRGG, indicating approximately 11% upside. The fund’s current Outperform rating is thanks to portfolio leaders such as Nvidia, Microsoft, Alphabet, and TSMC (TSM).