Growth Stocks Leave Value Stocks In The Dust: 4 Reasons For Biggest Monthly Lead In Over A Year
Portfolio Pulse from Piero Cingari
Growth stocks have significantly outperformed value stocks in June 2024, driven by strong performance in the technology sector and AI-related industries. The iShares Russell 1000 Growth ETF (IWF) surged by 6.5%, while the iShares Russell 1000 Value ETF (IWD) declined by 1.4%. Key drivers include the dominance of tech stocks, particularly chipmakers, and the absence of major tech companies in value ETFs.
June 21, 2024 | 8:06 pm
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NEGATIVE IMPACT
The iShares Russell 1000 Value ETF (IWD) has declined by 1.4% in June 2024, highlighting the challenges faced by value stocks in sectors like financials, energy, and utilities.
IWD's decline is due to the underperformance of value sectors such as financials, energy, and utilities, which have less impressive earnings expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Apple Inc. (AAPL) significantly contributes to the growth ETF's performance, benefiting from positive market sentiment towards tech stocks.
Apple's large presence in the growth ETF and the positive sentiment towards tech stocks have bolstered the ETF's performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Amazon Inc. (AMZN) plays a crucial role in the growth ETF's outperformance, benefiting from strong tech sector gains.
Amazon's substantial presence in the growth ETF and its strong performance in the tech sector have positively impacted the ETF.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Alphabet Inc. (GOOG) is a key player in the growth ETF's success, driven by strong performance in the tech sector.
Alphabet's significant weighting in the growth ETF and its strong performance in the tech sector have contributed to the ETF's gains.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
The iShares Russell 1000 Growth ETF (IWF) has surged by 6.5% in June 2024, driven by strong performance in the technology sector and AI-related industries.
IWF's performance is heavily influenced by the tech sector, which has seen strong earnings and positive market sentiment, particularly in AI-related industries.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Meta Platforms Inc. (META) significantly contributes to the growth ETF's performance, driven by strong tech sector performance.
Meta's large presence in the growth ETF and the positive sentiment towards tech stocks have bolstered the ETF's performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Microsoft Corp. (MSFT) is a major contributor to the growth ETF's outperformance, driven by strong tech sector performance.
Microsoft's substantial weighting in the growth ETF and its strong performance in the tech sector have positively impacted the ETF.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Nvidia Corp. (NVDA) is a key driver in the growth ETF's performance, benefiting from the AI-driven rally.
Nvidia's significant presence in the growth ETF and its role in the AI sector have contributed to the ETF's strong performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80