September 20, 2006 at 10:34 am by Tom Lydon
Murray Coleman of Investors Business Daily looks at an opportunity with a growth exchange traded fund, PowerShares Dynamic Leisure & Entertainment (PEJ). The long-term outlook is appealing because as American’s age and retire, they will have more time for entertainment.
PEJ is up 5% over the past month. Top holdings include McDonald’s Corp. (MCD), International Game Technology (IGT), Starbucks Corp. (SBUX) and Marriott International Inc. (MAR). The weighted average of the ETF holdings is mid-cap growth oriented.
Tags: Leisure & Entertainment
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