To The Moon

🌟🌟🌟The US markets ended higher on positive news with signs that wage pressures are easing.  Investors seem to take some encouragement from Feds Chairman Jerome Powell's response that while policymakers were not prepared to cut rates, neither did they see the need to increase rates given the "sufficiently restrictive" current stance of monetary policy.

BUZZ ETF is an ETF designed to tap on US stocks with the most positive sentiment online.  BUZZ looks for investment related mentions of large and mid cap US listed firms in relevant online sources including social media, news articles and blog posts. 

Using a proprietary algorithm, eligible companies that meet certain market cap and liquidity requirements are scored and ranked by insight, which indicates the degree of positive sentiment and breath of discussion on the Internet.  Based on this scoring process, BUZZ curates a portfolio of 75 companies with the most positive investor sentiment. 

Holdings are weighted using a proprietary scoring model, with single constituent weights capped at 3%.  The index is reconstituted and rebalanced monthly. 

The current Top 10 holdings include Paramount Global, $Alphabet(GOOGL)$  Boeing Co,$Tesla Motors(TSLA)$  $Apple(AAPL)$  $Palantir Technologies Inc.(PLTR)$  $Amazon.com(AMZN)$  Nvidia, Robinhood Markets and SoFi Technologies. 

The Top 10 holdings weightage is 32%.  Total number of holdings is 75.  The expense ratio is 0.75%.   BUZZ pays Distributions every 6 months.  The current Distribution yield is 0.50%.

Apple released its Q1 24 earnings last week.  The company beat consensus revenue expectations.  It also announced that it would buy back USD 110 billion of its own shares, the largest such repurchase in history. 

Another notable mover of last week was Tesla which surged 15% on Monday after CEO Elon Musk made a surprise appearance in China with news of the government's tentative approval of the self driving technology that Tesla has under development. 

Paramount Global has opened acquisition negotiations with Sony and Apollo after exclusive merger with Skydance lapsed last Friday.  The company's CEO Bob Bakish has left last week too.

Google shares jumped 14% on Earnings Beat and announced its first ever dividend.  Revenue increased 15% from a year earlier, the fastest rate of growth since early 2022.  Google also announced a USD 70 billion buyback. 

Palantir is scheduled to report its Q124 earnings on May 6 after market close.  Palantir is expecting its revenue to rise by 20% for the current year.  Wall Street Analysts expect revenue of USD 615.32 million with diluted Earnings Per Share of 3 cents and net income of USD 83.94 million. Palantir has been profitable for 4 consecutive quarters and will be included in the S&P500 Index. 

Amazon has just reported its Q1 24 earnings beating sales and revenue projections. Amazon shares rose 3% in after hours trading.    The first quarter results were headlined by USD 10.4 billion in earnings and  revenue of USD 143.3 billion.  Amazon offered a range of between USD 144 billion and USD 149 billion for its 2nd quarter.  Amazon said that it is seeing considerable momentum on the AI front which is helping AWS to a USD 100 billion annual run rate. 

Performance wise BUZZ is up almost 1% on Friday and in the past 5 days it is just up 0.71%.  BUZZ has risen 11.87% year todate.  In 2023, BUZZ has jumped 42%.

Wall Street Analysts are bullish on BUZZ with a Buy rating, Target price of USD 23.80, an upside potential of 16% according to Tipranks. 

I like BUZZ as it thrives on good news and positive sentiments of major stocks in the US markets.  It is low cost, offering great value for my hard earned dollars and offers a good diversification of 75 stocks.  BUZZ also does the heavy lifting for me as its proprietary AI algorithm picks up the best stocks with positive sentiments.  Whenever there is good news especially concerning a stock, there is a good likelihood it would trend upwards. 

BUZZ is my kind of ETF as I love good news and optimism is important when it comes to investing. 

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