While last week was full of major corporate earnings and a Federal Reserve meeting, this week is no different with another flurry of corporate earnings. Cryptocurrencies are also surging, with Ethereum breaking through $4,000 over the weekend. This week in the markets comes after an extremely disappointing April Jobs report from the Labor Department, where employment came in at 266,000 versus over a million expected, casting doubt on any hikes in interest rates in the near future. Of course, they might be forced if inflation comes in too hot, but they seem to not be concerned despite several commodities, like lumber and oil, flashing warning signs. We’ve built a list of ETFs rated as Top Buys for this week. Hopefully, some of these picks can help you diversify your portfolio and potentially mitigate risks. Q.ai’s deep learning algorithms have identified several ETFs to look out for this week based on their fund flows over the last 90-days, 30-days, and 7-days.
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ARK Innovation ETF (ARKK)
The ARK Innovation ETF
Energy Select Sector SPDR Fund (XLE)
The Energy Select Sector SPDR Fund
iShares PHLX Semiconductor ETF (SOXX)
The next Top Buy ETF for this week is the iShares PHLX Semiconductor ETF
iShares Silver Trust (SLV)
The iShares Silver Trust
VanEck Vectors Gold Miners ETF (GDX)
Another precious metals ETF makes our top buys this week in the VanEck Vectors Gold Miners ETFs
Vanguard Intermediate-Term Corporate Bond ETF (VCIT)
Our next Top Buy for our weekly ETFs is a bond holding in the Vanguard Intermediate-Term Corporate Bond holding
iShares MSCI Emerging Markets ETF (EEM)
Another Top Buy this week in our ETFs is the iShares MSCI Emerging Markets ETF. With the US dollar dropping lately, and commodities surging, emerging markets are an interesting play to take advantage. The ETF has an AUM of $23,983,192,381.50, and has seen positive fund flows. The ETF has a 90-day fund flow of $2,183,755,860.00 and a 30-day fund flow of $145,713,330.00. Its net expense ratio of 0.69%, however, is quite expensive.
SPDR S&P Biotech ETF (XBI)
Another Top Buy this week in our ETFs is the SPDR S&P Biotech ETF. Biotech has been a massive winner lately, with many new drugs and vaccines coming to market amid a global pandemic, and will surely have some winners in the future. This is a great ETF to play the sector passively, and carries an AUM of $5,177,074,409.96, and has seen mostly positive fund flows. The ETF has a 90-day fund flow of $162,720,352.75, a 30-day fund flow of $461,915,925.03, and a 1-week fund flow of -$85,096,931.05. Its net expense ratio of 0.35% is attractive for the space.
iSharess iBoxx $ Investment Grade Corporate Bond ETF (LQD)
The final Top Buy ETF this week is another corporate bond holding in the iShares iBoxx $ Investment Grade Corporate Bond ETF
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