ETF Buying Strategy Guide 2023

And, XRP surges before big conference.

Today is Monday, November 6, 2023.

The Early Bird Index today is 54.16.

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ETF Buying Strategy Guide 2023

Here are the types of ETFs (exchange-traded funds) to buy and avoid in late 2023, according to Days Global Advisors CEO Christopher Day in a new episode of the Early Bird podcast.

Definition: An ETF is similar to a mutual fund, which is a portfolio of securities such as stocks and bonds, except an ETF is priced, bought, and sold in real-time.

Powering the Story: Day recommends that investors currently buy ETFs that are uncorrelated to the broader S&P 500 because it will allow investors to increase returns without taking on more risk.

Further Details: While the S&P 500 can go up over time, Day said that he is concerned about high-interest rates and lower growth in today’s market.

Also: Keep an eye on ETFs that are controlled by active managers as well as ETFs that have alternative assets such as cryptocurrency, according to Day.

Beware: Day said that investors in this market should avoid ETFs with high multiples and ETFs that are tied to emerging markets.

Final Thoughts: What is Day’s outlook for limiting risk in today’s market? What advice does Day have for investors who are new to ETFs? Find out by listening to a new episode of the Early Bird podcast.

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Notable Earnings Today: Realty Income (NYSE: O), DISH Network (Nasdaq: DISH), Brookfield Asset Management (NYSE: BAM), Vimeo (Nasdaq: VMEO), Hims & Hers Health (NYSE: HIMS), Fabrinet (NYSE: FN), NXP Semiconductors (Nasdaq: NXPI), Goodyear Tire (Nasdaq: GT), RingCentral (NYSE: RNG), BioNTech (Nasadq: BNTX), Hilton Grand Vacations (NYSE: HGV), International Flavors & Fragrances (NYSE: IFF), Vertex Pharmaceuticals (Nasdaq: VRTX), Axsome (Nasdaq: AXSM), Diamondback Energy (Nasdaq: FANG), Tecnoglass (NYSE: TGLS), Clover (Nasdaq: CLOV), Affiliated Managers (NYSE: AMG), Coterra Energy (NYSE: CTRA), Ceragon (Nasdaq: CRNT), TripAdvisor (Nasdaq: TRIP), Freshpet (Nasdaq: FRPT), FibroGen (Nasdaq: FGEN), Kosmos Energy (NYSE: KOS), Celanese (NYSE: CE), AAON (Nasdaq: AAON), ADTRAN (Nasdaq: ADTN), Air Lease (NYSE: AL), Air Transport Services Group (Nasdaq: ATSG), Alteryx (NYSE: AYX), AssetMark (NYSE: AMK), Cabot (NYSE: CBT), CoreCivic (NYSE: CXW), Halozyme Therapeutics (Nasdaq: HALO), Hecla Mining (NYSE: HL), Matterport (Nasdaq: MTTR), Medifast (NYSE: MED), Myriad Genetics (Nasdaq: MYGN), NeoGenomics (Nasdaq: NEO), Olo (NYSE: OLO), Opko Health (Nasdaq: OPK), Rover Group (Nasdaq: ROVR), Ryman Hospitality (NYSE: RHP), ShockWave Medical (Nasdaq: SWAV), Talos Energy (NYSE: TALO), Teradata (NYSE: TDC), Veeco Instruments (Nasdaq: VECO).

Notable IPOs Today: N/A.

Notable Equity Crowdfunding Campaigns Ending Today: Roost Uncommon Kitchen (Honeycomb), PSYONIC (StartEngine), Georgie’s Corner Cafe (Honeycomb), BIB Technologies (StartEngine), URB Bridal (Honeycomb), Fanbase (StartEngine), Pepper Bru (Honeycomb).

Notable Economic Events Today: N/A.

XRP Surges Before Big Conference

The price of the cryptocurrency XRP jumped 9% on Sunday, days before the Ripple Swell conference in Dubai this week. XRP is Ripple’s native crypto.

Final Thoughts: There’s been a strong bullish sentiment surrounding XRP in recent weeks due to positive expectations from regulators. XRP is up 27% in the last 30 days.

Palo Alto Networks Will Reportedly Acquire Startup

A report from The Information on Sunday claimed that Palo Alto Networks (Nasdaq: PANW) is close to acquiring startup Talon Cyber Security for $600 million to $700 million.

Final Thoughts: Palo Alto Networks, which reports financial earnings next week, is up 75% this year.

Trends to Watch

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