Core Viewpoint - Investors in the Alternative Energy sector may consider Clearway Energy (CWENA) and Talen Energy Corporation (TLN) as potential undervalued stocks [1] Group 1: Valuation Metrics - CWENA has a forward P/E ratio of 19.07, while TLN has a forward P/E of 59.28 [5] - CWENA's PEG ratio is 0.34, indicating better expected EPS growth compared to TLN's PEG ratio of 3.82 [5] - CWENA has a P/B ratio of 1.04, significantly lower than TLN's P/B of 13.15, suggesting CWENA is more undervalued [6] Group 2: Earnings Outlook - Both CWENA and TLN have a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and improving earnings outlooks [3] - CWENA earns a Value grade of A, while TLN has a Value grade of C, highlighting CWENA's superior valuation metrics [6][7]

Core Viewpoint - The WisdomTree U.S. MidCap Dividend ETF (DON) provides broad exposure to the Mid Cap Value segment of the US equity market, with significant assets and a focus on dividend-paying mid-cap companies [1][7]. Group 1: ETF Overview - DON is a passively managed ETF launched on June 16, 2006, with assets exceeding $3.77 billion, making it one of the larger ETFs in its category [1]. - The ETF targets mid-cap companies with market capitalizations between $2 billion and $10 billion, which are perceived to have higher growth prospects compared to large-cap companies while being less risky than small-cap firms [2]. Group 2: Performance Metrics - The ETF aims to match the performance of the WisdomTree U.S. MidCap Dividend Index, with a year-to-date return of approximately 2.73% and a one-year return of about 8.56% as of August 21, 2025 [7]. - Over the past 52 weeks, the ETF has traded within a range of $43.28 to $55.55 [7]. - The ETF has a beta of 0.92 and a standard deviation of 18% over the trailing three-year period, indicating a medium risk profile [8]. Group 3: Cost Structure - The annual operating expense ratio for DON is 0.38%, which is competitive within its peer group [4]. - The ETF offers a 12-month trailing dividend yield of 2.32% [4]. Group 4: Sector Exposure and Holdings - The ETF has the highest allocation to the Energy sector, with significant holdings in Us Dollar, Westar Energy Inc (WR), and Gaming & Leisure Properties Inc (GLPI) [5][6]. - The top 10 holdings account for approximately 109.02% of total assets under management, indicating a concentrated investment strategy [6]. Group 5: Alternatives and Market Position - DON carries a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Mid Cap Value segment [9]. - Alternative ETFs in this space include the iShares Russell Mid-Cap Value ETF (IWS) with $13.76 billion in assets and the Vanguard Mid-Cap Value ETF (VOE) with $18.64 billion, both of which have lower expense ratios [10]. Group 6: Investment Appeal - Passively managed ETFs like DON are gaining popularity among both institutional and retail investors due to their low cost, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11].

Core Viewpoint - The iShares S&P Small-Cap 600 Growth ETF (IJT) is a passively managed ETF designed to provide broad exposure to the Small Cap Growth segment of the US equity market, with significant assets under management of over $6.13 billion [1] Group 1: Fund Overview - The fund was launched on July 24, 2000, and is sponsored by Blackrock [1] - It targets small cap companies with market capitalizations below $2 billion, which are considered high-potential stocks but come with higher risks [2] Group 2: Performance Metrics - IJT aims to match the performance of the S&P SmallCap 600 Growth Index, which measures the small-capitalization growth sector of the U.S. equity market [7] - The ETF has gained approximately 1.59% year-to-date and is up about 2.98% over the past year as of August 21, 2025 [7] - In the last 52 weeks, the ETF has traded between $108.87 and $150.65 [7] Group 3: Cost Structure - The annual operating expenses for IJT are 0.18%, which is competitive within its peer group [4] - The ETF has a 12-month trailing dividend yield of 1.04% [4] Group 4: Sector Exposure and Holdings - The ETF has the largest allocation to the Industrials sector, comprising about 23% of the portfolio, followed by Financials and Information Technology [5] - Individual holdings include Spx Technologies Inc (SPXC) at approximately 1.14% of total assets, along with Aerovironment Inc (AVAV) and Brinker International Inc (EAT) [6] Group 5: Risk Profile - IJT has a beta of 1.08 and a standard deviation of 21.25% over the trailing three-year period, indicating a medium risk profile [8] - The ETF consists of about 356 holdings, which helps to diversify company-specific risk [8] Group 6: Alternatives - IJT carries a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Small Cap Growth area [9] - Alternative ETFs include the iShares Russell 2000 Growth ETF (IWO) with $11.91 billion in assets and the Vanguard Small-Cap Growth ETF (VBK) with $19.48 billion [10]

Group 1 - The iShares MSCI USA Value Factor ETF (VLUE) has reached a 52-week high, increasing 28% from its low of $91.80 per share [1] - VLUE provides exposure to large and mid-cap U.S. stocks with lower valuations, focusing on sectors like information technology, financials, and consumer discretionary [1] - The ETF charges an annual fee of 15 basis points [1] Group 2 - The recent movement in the value segment of the U.S. stock market is attributed to uncertain trade policies, a decline in tech stocks, and speculation around Federal Reserve interest rate cuts [2] - Value stocks are seen as a safer investment during market turbulence due to their potential for higher returns with lower volatility and their dividend payouts [2] - Rate cuts are expected to benefit value stocks, further enhancing their appeal [2] Group 3 - VLUE holds a Zacks ETF Rank 1 (Strong Buy), indicating potential for continued outperformance in the coming months [3] - The sectors represented in VLUE have strong Zacks Industry Ranks, suggesting promising prospects for investors [3]

Core Viewpoint - The Dow Jones Industrial Average is reaching new record highs, driven by rate cut optimism, sector rotation, and strong corporate earnings, particularly in sectors like industrials, retail, financials, and real estate [1][3][5]. Sector Performance - The SPDR Dow Jones Industrial Average ETF (DIA) has increased by 2.1% over the past week, outperforming the Vanguard S&P 500 ETF (VOO) and Invesco QQQ Trust Series (QQQ), which gained 1.2% and 0.7% respectively [2]. - Investors are moving away from high-growth tech and AI sectors towards undervalued sectors, contributing to the Dow's rally [3]. Key Company Contributions - Home Depot (HD) and UnitedHealth (UNH) have significantly contributed to the Dow's performance, with Home Depot showing strong guidance despite an earnings miss, and UnitedHealth rising after Berkshire Hathaway disclosed a $1.6 billion stake [4]. Interest Rate Expectations - The Dow is benefiting from increasing market expectations of Federal Reserve interest rate cuts, with futures indicating two 25-basis point reductions, which would favor cyclical sectors [5][6]. Investment Characteristics - The Dow Jones index is composed of less risky, value-oriented stocks, providing stability and potential for higher returns with lower volatility compared to growth stocks [7]. - The SPDR Dow Jones Industrial Average ETF (DIA) has $39.2 billion in assets under management, holding 30 stocks with a maximum 10% share per security, and is diversified across several sectors [9].

Core Viewpoint - The Schwab Fundamental U.S. Small Company ETF (FNDA) provides broad exposure to the Small Cap Value segment of the US equity market, with significant assets under management and a focus on cost efficiency [1][4]. Group 1: Fund Overview - FNDA is a passively managed ETF launched on August 13, 2013, and is sponsored by Charles Schwab, with assets exceeding $8.67 billion [1]. - The ETF targets small cap companies with market capitalizations below $2 billion, which are considered high-potential but come with higher risks compared to larger counterparts [2]. Group 2: Investment Characteristics - Value stocks, which FNDA focuses on, typically have lower price-to-earnings and price-to-book ratios, but also exhibit lower sales and earnings growth rates [3]. - Historically, value stocks have outperformed growth stocks in most markets, although growth stocks tend to perform better in strong bull markets [3]. Group 3: Cost Structure - FNDA has an annual operating expense ratio of 0.25%, positioning it as one of the more cost-effective options in the ETF space [4]. - The ETF offers a 12-month trailing dividend yield of 1.31% [4]. Group 4: Sector Exposure and Holdings - The ETF has a significant allocation to the Industrials sector, comprising approximately 20.6% of the portfolio, followed by Financials and Consumer Discretionary [5]. - Woodward Inc (WWD) is the largest individual holding at about 0.34% of total assets, with the top 10 holdings accounting for roughly 3.03% of total assets under management [6]. Group 5: Performance Metrics - FNDA aims to match the performance of the Russell RAFI US Small Co. Index, with a year-to-date return of approximately 2.44% and a one-year return of about 6.38% as of August 20, 2025 [7]. - The ETF has traded between $23.85 and $32.42 over the past 52 weeks [7]. Group 6: Risk Profile - FNDA has a beta of 1.10 and a standard deviation of 20.93% over the trailing three-year period, indicating a medium risk profile [8]. - The ETF consists of about 986 holdings, which helps to diversify company-specific risk [8]. Group 7: Alternatives - FNDA holds a Zacks ETF Rank of 2 (Buy), indicating favorable expected returns based on various factors [9]. - Other comparable ETFs include the iShares Russell 2000 Value ETF (IWN) and the Vanguard Small-Cap Value ETF (VBR), with IWN having $11.31 billion in assets and VBR at $30.67 billion [10]. Group 8: Market Trends - There is a growing trend among retail and institutional investors towards passively managed ETFs due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11].

Core Viewpoint - The Vanguard S&P 500 Value ETF (VOOV) is a prominent option for investors seeking broad exposure to the Large Cap Value segment of the US equity market, with significant assets under management and low expense ratios [1][4]. Group 1: Fund Overview - VOOV was launched on September 9, 2010, and has accumulated over $5.65 billion in assets, positioning it as one of the larger ETFs in its category [1]. - The ETF is passively managed and aims to replicate the performance of the S&P 500 Value Index, which focuses on large capitalization value stocks [7]. Group 2: Large Cap Value Characteristics - Large cap companies typically have market capitalizations exceeding $10 billion, offering more stability and predictable cash flows compared to mid and small cap companies [2]. - Value stocks, characterized by lower price-to-earnings and price-to-book ratios, have historically outperformed growth stocks in most markets, although they may lag during strong bull markets [3]. Group 3: Costs and Performance - The ETF has an annual operating expense ratio of 0.07%, making it one of the least expensive options available, with a 12-month trailing dividend yield of 1.96% [4]. - As of August 20, 2025, VOOV has gained approximately 6.62% year-to-date and 7.51% over the past year, with a trading range between $162.65 and $199.29 in the last 52 weeks [7]. Group 4: Sector Exposure and Holdings - The ETF's largest sector allocation is to Information Technology, comprising about 24.8% of the portfolio, followed by Financials and Healthcare [5]. - Microsoft Corp (MSFT) is the largest individual holding at approximately 7.28% of total assets, with the top 10 holdings representing about 21.41% of total assets under management [6]. Group 5: Risk and Alternatives - VOOV has a beta of 0.88 and a standard deviation of 14.66% over the trailing three-year period, indicating a medium risk profile [8]. - Alternatives to VOOV include the Schwab U.S. Dividend Equity ETF (SCHD) and the Vanguard Value ETF (VTV), which have larger asset bases and slightly lower expense ratios [10].

Airline Industry Bailouts - The airline bailouts were structured differently from those of automakers and banks, with less emphasis on recouping the funds [4][7] - The government's rationale for the airline bailouts was to save the industry, even if it meant sacrificing shareholders and management [5] - The Trump administration structured the airline bailouts in a way that was not intended to make the government whole [7] Investment Strategies and Market Trends - Veteran investor Ron Barrett is launching five actively managed ETFs focusing on small and midcap companies, financial stocks, and tech [8] - Vanguard is debuting its first actively managed US stock ETFs, marking a shift from its traditional approach [9] - Vanguard plans to roll out ETF versions of three existing mutual funds, focusing on growth stocks, value stocks, and dividend growth [10] - The creation of these actively managed ETFs is enabled by a change in regulations, allowing them to exist where previously only mutual funds were permitted [11] - Actively managed ETFs carry higher fees, which is a key driver for entering this business [12]

Core Viewpoint - The Invesco Large Cap Growth ETF (PWB) is designed to provide broad exposure to the Large Cap Growth segment of the US equity market, with assets exceeding $1.25 billion, making it a competitive option in this category [1]. Group 1: Fund Overview - PWB is a passively managed ETF launched on March 3, 2005, sponsored by Invesco [1]. - The fund targets large cap companies, which typically have a market capitalization above $10 billion, offering more stability and predictable cash flows compared to mid and small cap companies [2]. Group 2: Growth Stock Characteristics - Growth stocks, which PWB focuses on, exhibit faster growth rates, higher valuations, and above-average sales and earnings growth, but they also come with higher volatility [3]. - While growth stocks may outperform value stocks in strong bull markets, value stocks historically provide better returns across various market conditions [3]. Group 3: Costs and Performance - The ETF has an annual operating expense ratio of 0.53%, which is competitive within its peer group, and a 12-month trailing dividend yield of 0.06% [4]. - PWB aims to match the performance of the Dynamic Large Cap Growth Intellidex Index, achieving a year-to-date return of approximately 17.91% and a one-year return of about 27.16% as of August 19, 2025 [7]. Group 4: Sector Exposure and Holdings - The ETF has a significant allocation to the Information Technology sector, comprising about 32.2% of the portfolio, followed by Financials and Industrials [5]. - Oracle Corp (ORCL) is the largest holding at approximately 4.54% of total assets, with the top 10 holdings accounting for about 35.24% of total assets under management [6]. Group 5: Risk and Alternatives - PWB has a beta of 1.12 and a standard deviation of 19.1% over the trailing three-year period, categorizing it as a medium risk investment [8]. - The ETF holds a Zacks ETF Rank of 1 (Strong Buy), indicating strong potential based on expected returns, expense ratio, and momentum [9]. - Alternatives to PWB include the Vanguard Growth ETF (VUG) and Invesco QQQ (QQQ), which track similar indices but have different asset sizes and expense ratios [10]. Group 6: Market Trends - There is a growing trend among retail and institutional investors towards passively managed ETFs due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11].

Core Viewpoint - The First Trust NASDAQ-100 Ex-Technology Sector ETF (QQXT) provides broad exposure to the Large Cap Growth segment of the US equity market, with assets exceeding $1.11 billion, making it a significant player in this category [1]. Group 1: Large Cap Growth Characteristics - Large cap companies typically have a market capitalization above $10 billion, offering stability and more reliable cash flows compared to mid and small cap companies [2]. - Growth stocks are characterized by faster growth rates, higher valuations, and above-average sales and earnings growth rates, but they also exhibit higher volatility [3]. Group 2: Costs and Performance - The ETF has an annual operating expense ratio of 0.6%, which is relatively high compared to other products in the space, and a 12-month trailing dividend yield of 0.73% [4]. - QQXT aims to match the performance of the NASDAQ-100 Ex-Tech Sector Index, which includes non-technology companies from the NASDAQ-100 Index [7]. - The ETF has returned approximately 6.5% year-to-date and 10.6% over the past year, with a trading range between $84.34 and $101.22 in the last 52 weeks [8]. Group 3: Sector Exposure and Holdings - The ETF has the largest allocation to the Industrials sector at about 19.3%, followed by Healthcare and Consumer Discretionary [5]. - Old Dominion Freight Line, Inc. (ODFL) represents about 1.89% of total assets, with the top 10 holdings accounting for approximately 18.65% of total assets under management [6]. Group 4: Alternatives and Market Position - QQXT carries a Zacks ETF Rank of 3 (Hold), indicating it is a reasonable option for investors seeking exposure to the Large Cap Growth area [10]. - Alternatives such as the Vanguard Growth ETF (VUG) and Invesco QQQ (QQQ) have significantly larger assets, with VUG at $186.05 billion and QQQ at $369.46 billion, and lower expense ratios of 0.04% and 0.2%, respectively [11]. Group 5: Industry Trends - Passively managed ETFs are gaining popularity among both institutional and retail investors due to their low cost, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [12].