Notable companies
The most notable companies in this group are Apple (NASDAQ:AAPL), Meta Platforms (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO), Johnson & Johnson (NYSE:JNJ), Merck & Co (NYSE:MRK), ABBVIE (NYSE:ABBV), Netflix (NASDAQ:NFLX), Adobe (NASDAQ:ADBE), Cisco Systems (NASDAQ:CSCO), International Business Machines Corp (NYSE:IBM).
Industry description
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FCF US Quality Innovation Index.
To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide equity exposure to U.S. publicly traded companies with strong free cash flow and strong research and development ("R&D") investment.
Market Cap
The average market capitalization across the Donoghue Forlines Innovation ETF ETF is 93.91B. The market cap for tickers in the group ranges from 1.36B to 2.62T. AAPL holds the highest valuation in this group at 2.62T. The lowest valued company is IRWD at 1.36B.
High and low price notable news
The average weekly price growth across all stocks in the Donoghue Forlines Innovation ETF ETF was -3%. For the same ETF, the average monthly price growth was 3%, and the average quarterly price growth was 17%. MGNI experienced the highest price growth at 16%, while ZETA experienced the biggest fall at -51%.
Volume
The average weekly volume growth across all stocks in the Donoghue Forlines Innovation ETF ETF was 23%. For the same stocks of the ETF, the average monthly volume growth was 89% and the average quarterly volume growth was 84%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 63
P/E Growth Rating: 65
Price Growth Rating: 45
SMR Rating: 52
Profit Risk Rating: 52
Seasonality Score: 35 (-100 ... +100)