TSE:TECH

16.32
0.47 (2.80%) 1d
0
Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

The experts have varying opinions on the Evolve FANGMA Index ETF (TECH-T). While it has been a strong performer this year, there are concerns about its future performance in 2022. Some experts believe the stock may have reached an extended price to sales ratio, making it a less desirable entry point. There is an expectation of rotation to better risk/reward areas, indicating a potential shift in market sentiment towards this stock. Overall, it seems that the stock's performance and entry point are key areas of concern for the experts.

Consensus
Mixed
Valuation
Fair Value
PARTIAL SELL

55 bps expense ratio. Strong performer this year, but not so much in 2022. How much is left in the tank? He owns some of the underlying names, and some names he will own tactically from time to time. With tech, a lot of names are extended on price to sales. Not a good entry point, expects rotation to better risk/reward areas.

0
DON'T BUY
Concerns about low trading volume or assets under management?

Very good question. He always insists on his investments being liquid. He has no interest in anything that he can't sell in 10 minutes. 

ETF market is so dominated by BlackRock, BMO, and Vanguard, everyone is squabbling over the remaining 15% of the market. So you end up with a lot of nichey products. Evolve has a number of very small ETFs. Adds an element of doubt, so he avoids them. It may be unfair, but he's dealing with retirees who don't need anything that's not liquid.

0
DON'T BUY
Holds six stocks that are not diversified. Also, interest rates are a pressure.
0
DON'T BUY
Exposure to big large cap tech names. Right now, with the Fed removing accommodations, these long duration assets and up-and-coming new tech could underperform for a while, most likely mot of 2022. The multiples are very high and they do well in deflationary environments. In an inflationary condition, value will outperform growth.
0
BUY
Interesting strategy. Nice thing is you'll avoid some of the US estate tax issues. Gives you access to the 6 biggest tech names, equal weight. Likes all the names. He owns MSFT, GOOG, AMZN, FB. The only ones he doesn't own are AAPL and NFLX. FB provides a great opportunity at a great valuation. AMZN's cloud business will continue to grow. MSFT is doing well. GOOG is a strong player.
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Evolve FANGMA Index ETF(TECH-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Evolve FANGMA Index 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.

Evolve FANGMA Index ETF(TECH-T) Frequently Asked Questions

What is Evolve FANGMA Index ETF stock symbol?

Evolve FANGMA Index ETF is a Canadian stock, trading under the symbol TECH-T on the Toronto Stock Exchange (TECH-CT). It is usually referred to as TSX:TECH or TECH-T

Is Evolve FANGMA Index ETF a buy or a sell?

In the last year, 1 stock analyst published opinions about TECH-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Evolve FANGMA Index ETF.

Is Evolve FANGMA Index ETF a good investment or a top pick?

Evolve FANGMA Index ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Evolve FANGMA Index ETF.

Why is Evolve FANGMA 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 Evolve FANGMA Index ETF worth watching?

1 stock analyst on Stockchase covered Evolve FANGMA Index ETF In the last year. It is a trending stock that is worth watching.

What is Evolve FANGMA Index ETF stock price?

On 2024-11-15, Evolve FANGMA Index ETF (TECH-T) stock closed at a price of $16.32.