Each week, ETF Trends publisher Tom Lydon sits down for “ETF of the Week” for MarketWatch on Chuck Jaffe’s MoneyLife Show where he highlights big movers and losers among exchange traded funds.
This week, Lydon looked at the PowerShares Dynamic Building & Construction Portfolio (PKB), which screens for price momentum, earnings momentum, quality, management action, and value.
PKB is comprised of 30 US building and construction companies that relate to building and remodeling residential properties, commercial or industrial buildings, or working on large-scale infrastructure projects, such as highways, tunnels, bridges, dams, power lines, and airports.
According to the latest National Association of Home Builders/Wells Fargo national housing indices, confidence among industry leaders hit an 11 year high in December with rising confidence over Trump’s promises to deregulate as well as buyer demand through the first half of this year.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.