Forget Big Tech: 3 ETFs Taking Off

AI-generated source summary

The analysis focuses on three ETFs that are showing significant growth, particularly in the current economic climate. HGER, the Harbor Commodity All-Weather Strategy ETF, is highlighted for its performance in an inflationary environment, holding commodities like petroleum, gold, and industrial metals. Despite a higher expense ratio, its strong year-to-date return of 41.70% and past month performance of 8.72% suggest a bullish outlook, with an inferred target of 40.00 and a fail bound at 32.00. MCHI, the iShares MSCI China ETF, is presented as a potentially riskier but rewarding option. It has seen an 8% jump since late June and is supported by Chinese big tech names contributing to its growth. The current price is 55.66, with an inferred target of 60.00 and a fail bound at 53.00. VFLO, the VictoryShares Free Cash Flow ETF, is identified as a favorite due to its focus on large American companies generating substantial free cash flow. Its year-to-date return is 40.81%, with a 13% gain in the last month and a 36% gain year-to-date, indicating a strong bullish trend. The current price is 55.45, with an inferred target of 65.00 and a fail bound at 50.00. All three ETFs are presented with a bullish outlook, suitable for investors with a longer time horizon.

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