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NASDAQ:WOOD

85.18
0.62 (0.73%) 1d
0
Showing 1 to 15 of 23 entries
BUY
Would play the sector with this ETF. There is no Canadian dollar hedged version. There is a supply squeeze market.
E.T.F.'s
BUY on WEAKNESS
Global name. Just hit a new high today, a positive technical indicator. Fee is 46 basis points. He likes the commodity sector, but prefers the industrial metals like copper or aluminum. But lumber's not far behind. Getting a bit overbought, so could be due for a pause. Perhaps buy some and wait for a pullback to buy more.
E.T.F.'s
DON'T BUY
These thematic ETFs tend to be much higher in volatility. He defers to more diversified passively managed funds to gain exposure into a broader range of markets. He would stay away.
E.T.F.'s
PAST TOP PICK

(A Top Pick Nov 25/16. Up 9.18%.) Forestry products tend to do well up to the spring home building season, which is right now. What intrigued him about this ETF was West Fraser Timber (WFT-T), the largest constituent in this ETF, which had a reverse head and shoulders pattern suggesting upside potential to about $56, which it hit yesterday. The trend is still higher. He would be looking to take your profits here.

E.T.F.'s
TOP PICK

Forestry stocks tend to do well between November all the way through to February. This is the run-up to the spring home building season. There was a bit of chatter of possible litigation with Canadian softwood producers, so he is avoiding that and going with the broad ETF. West Fraser Timber (WFT-T) is the top holding which, between the start of November and the end of April, it has been higher 83% of the time over the past 29 years, with an average gain of about 17%. Technically, West Fraser had a short-term head and shoulders bottoming pattern and it broke out to the upside. He would expect neckline resistance of about $44 would act as support now.

E.T.F.'s
TOP PICK

Seasonality is from about the middle of October right through until the middle of January. We are in the starting of the period of seasonal strength for the sector right now. Just today, this ETF broke above a nice little trading range. Stock has already established an upward trend and started to outperform the market. Every year at this time companies like Home Depot (HD-N) start to order lumber for the building season in the spring time.

E.T.F.'s
DON'T BUY

This is pretty exotic. Not really just timber and large lumber companies, but includes a lot of packaging, etc. Not one he would be buying and he doesn’t see any reason to be buying it right now.

E.T.F.'s
PAST TOP PICK

*Short* (A Past Pick July 31/14. Down 2%.) Wood tends to climb this time of year, because it is a period of seasonal weakness for the housing market. After he recommended this, it went significantly lower but then it bounced because of a breakout in the price of lumber. Chart is showing a series of highs. This is still looking good, but watch the price of lumber very carefully.

E.T.F.'s
TOP PICK

*Short*. This is the period of seasonal weakness for housing stocks. This tends to impact the demand for lumber. September is particularly weak for the price of lumber. Has declined 80% of the time for the past 20 years for an average decline of 9%. If you do Short this, it’s a good idea to have a Stop at about $53.50.

E.T.F.'s
WATCH

Seasonally strong Oct to Apr (bull) and Apr to Oct (Bear). One of the best seasonal trades you can have each year.

E.T.F.'s
BUY on WEAKNESS

Forestry kinds of products ETF. He would not want to focus on US names and would prefer Canadian names. Thinks there could be a correction in the housing sector in the US as interest rates go up in the next year or two. It is a range trade at best and you could accumulate on weakness.

E.T.F.'s
SELL

The pattern for home builders runs until end of Feb. This one is the same. Sometimes it runs into March. Should start to go up again in October. This is a good time to think about exiting.

E.T.F.'s
PAST TOP PICK

(Top Pick Dec 31/12, Up 18.39%) The trend is up and it is not over by any means.

E.T.F.'s
PAST TOP PICK

(A Top Pick Dec 31/12. Up 16.11%.) He still sees much upside. There is lots to go yet.

E.T.F.'s
PAST TOP PICK

(A Top Pick Nov 16/12. Up 26.87%.) A good way to play the housing recovery in the US. He thinks there is more to go.

E.T.F.'s
Showing 1 to 15 of 23 entries

iShares S&P Global Timber & Forestry ETF(WOOD-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for iShares S&P Global Timber & Forestry ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

iShares S&P Global Timber & Forestry ETF(WOOD-Q) Frequently Asked Questions

What is iShares S&P Global Timber & Forestry ETF stock symbol?

iShares S&P Global Timber & Forestry ETF is a American stock, trading under the symbol WOOD-Q on the NASDAQ (WOOD). It is usually referred to as NASDAQ:WOOD or WOOD-Q

Is iShares S&P Global Timber & Forestry ETF a buy or a sell?

In the last year, 2 stock analysts published opinions about WOOD-Q. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for iShares S&P Global Timber & Forestry ETF.

Is iShares S&P Global Timber & Forestry ETF a good investment or a top pick?

iShares S&P Global Timber & Forestry ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for iShares S&P Global Timber & Forestry ETF.

Why is iShares S&P Global Timber & Forestry ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is iShares S&P Global Timber & Forestry ETF worth watching?

2 stock analysts on Stockchase covered iShares S&P Global Timber & Forestry ETF In the last year. It is a trending stock that is worth watching.

What is iShares S&P Global Timber & Forestry ETF stock price?

On 2021-12-01, iShares S&P Global Timber & Forestry ETF (WOOD-Q) stock closed at a price of $85.18.