Opinions
Don Vialoux
PowerShares Dynamic Leisure & Entertainment ETF
PEJ-N
PAST TOP PICK
Aug 15, 2012
$21.550
Stock price when the opinion was issued
E.T.F.'s
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TOP PICK
This is a whole mix of entertainment and leisure type companies. If we are considering an economic recovery, then consumer discretionary stocks should do very well. This ETF is composed of hotels, restaurants, cruise lines, gaming houses. Has about 30 companies and they are all rebalanced quarterly. They are looked at by management actions, price momentum, earnings momentum and a number of value criteria.
E.T.F.'s
BUY
He's watching reopening stocks like this, and the reopening trade is intact as it performs very well. He's looking at the PEJ ETF is a way to play the reopening. PEJ holds Expedia, Marriott, Booking Holdings and others. He'll likely buy this today or tomorrow. This has legs, supported by solid price action and the reopening stocks it holds.
E.T.F.'s
(A Top Pick Jun22/12. Up 0.33%.) Usually from the end of June until the end of August this has a period of seasonal strength. This year looked particularly interesting as gasoline prices were coming down at the end of June which meant more money for the consumer. Also the opportunity to see really good movies in the summertime attracted a lot of audience. However, gasoline prices this year at the end of June went way up. If you are in this, now is the time to look for better opportunities.