2 ETFs That Have Tripled in Value in 2021 By StockNews
Despite concerns surrounding the COVID-19 Delta variant’s impact on economic recovery, a recent improvement in retail sales is expected to boost investor sentiment and help the stock market edge higher in the near term. However, amid inflationary pressure, we think it could be wise to closely watch quality ETFs Breakwave Dry Bulk Shipping (BDRY) and ProShares Ultra Bloomberg (BOIL). These funds’ shares have tripled in price this year.The stock market has rallied relentlessly this year, fueled by a torrent of monetary and fiscal stimulus and strong corporate earnings. Though a broader market sell-off was seen last week on investors’ concerns over the rapid spread of the highly contagious Delta variant of COVID-19, a better-than-expected U.S. retail sales report, boosted by back-to-school shopping and government payments of child tax credits, could ease expectations of a dramatic downturn in economic growth in the third quarter, and push the stock market higher in the coming weeks.
Because commodity ETFs have been resilient to inflationary pressures and help diversify portfolios, they could make a good strategy.
So, Breakwave Dry Bulk Shipping ETF (BDRY) and ProShares Ultra Bloomberg Natural Gas (BOIL), which have tripled in value this year, could be solid additions to one’s watchlist.
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