The Amplify AI Powered Equity ETF (AIEQ), which uses an AI-driven model on the IBM Watson platform to select stocks, has not consistently outperformed major ETFs like IVV and QQQ. Since January 2024, AIEQ has lagged behind IVV by nearly 12%. Concerns include its high portfolio turnover of 804% and an expense ratio of 0.75%, which contribute to its disappointing returns. The analyst maintains a neutral (Hold) rating on AIEQ due to these factors, suggesting caution for investors seeking AI-based equity exposure.
The S&P 500 rose 0.9% over a holiday-shortened week, marking its second consecutive weekly gain and 11th positive week in 12. The index initially rallied on optimism about a new Iran peace deal and SpaceX's IPO but briefly dipped after the Federal Re...
The iShares S&P 100 ETF (OEF), which tracks the 100 largest S&P 500 stocks, has delivered strong recent returns driven by top performers like Nvidia and Alphabet. However, Wall Street analysts predict a slowdown in earnings growth for this concentrat...
