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Horizons Equal Weight Canada Banks Index ETF (HEWB-T)
TSE:HEWB
38.62
0.06
(0.16%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 1 opinions in the last 12 months.
Experts are positive on the Horizons Equal Weight Canada Banks Index ETF (HEWB-T) following a 17% increase since Oct 31/23. Bank stocks have shown signs of bottoming, making it a good buy. The relief in interest rates and strong earnings have contributed to the stock's performance. The recent share pullback is seen as a good opportunity to buy.
$30.490
Owned
Disclosure: He works for Horizons. This is an equal-weight bank ETF. Banks are entering seasonality. Market softness could benefit the banks, and definitely when rates tick down. The market will likely trade sideways then rise gradually, but this will benefit the banks.
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Horizons Equal Weight Canada Banks Index ETF(HEWB-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
Horizons Equal Weight Canada Banks Index ETF(HEWB-T) Frequently Asked Questions
What is Horizons Equal Weight Canada Banks Index ETF stock symbol?
Horizons Equal Weight Canada Banks Index ETF is a Canadian stock, trading under the symbol HEWB-T on the Toronto Stock Exchange (HEWB-CT). It is usually referred to as TSX:HEWB or HEWB-T
Is Horizons Equal Weight Canada Banks Index ETF a buy or a sell?
In the last year, 1 stock analyst published opinions about HEWB-T. 1 analyst 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 Horizons Equal Weight Canada Banks Index ETF.
Is Horizons Equal Weight Canada Banks Index ETF a good investment or a top pick?
Horizons Equal Weight Canada Banks Index ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Horizons Equal Weight Canada Banks Index ETF.
Why is Horizons Equal Weight Canada Banks Index 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 Horizons Equal Weight Canada Banks Index ETF worth watching?
1 stock analyst on Stockchase covered Horizons Equal Weight Canada Banks Index ETF In the last year. It is a trending stock that is worth watching.
What is Horizons Equal Weight Canada Banks Index ETF stock price?
On 2024-11-21, Horizons Equal Weight Canada Banks Index ETF (HEWB-T) stock closed at a price of $38.62.
Bank stocks had bottomed in Oct 23' which made for a good buy. Relief in interest rates good for bank stocks. Strong earnings also good for stock performance. Recent share pullback good time to buy.