The figurehead of the 2020-20th21 Exchange was previously Dave Portnoy from Barstool Sports. Portnoy turned fRome a sports player who likess good pizza and rough jokes in Davey Day Dealer, Wall Street scourge fits.
H.is daily videos of him Trading stocks often went viral. Portnoy had found out about that F.Pump trillions into the market, Most stocks would go up most of the time. Portnoy appeared to be taking massive risks and making massive profits.
It was brilliant marketingeven if he only risked it a fraction of his net worth.
Now he goes one step further. Portnoy helped start a Brand new ETF has the VanEck Vectors Social Sentiment ETF (NYSEArca:: TO HUM).
in the true bar stool fashion, the video Announcement from BUZZ was sticky, tasteless, and many think can be the last straw that forces Index providers are registering with the SEC for the first time. B.But it was effective.
Before you get started on adding this ETF to your trading account, let’s see if the juice is worth the pressure …
What is the BUZZ ETF?
BUZZ goes to Track the BUZZ NextGen AI US Sentiment Leaders Index. This index tracks the social media mentions of stocks and picks the 85 stocks with the best “buzz” at any given time. TheY. Use artificial intelligence to keep track of posts on Twitter. StockTwits, CNBCand a host for other websites to See what stocks everyone loves right now.
Right now, BUZZ owns what you might expect. Tesla is one of the big positions Inc. (NASDAQ: TSLA), DraftKings Inc. (NASDAQ: DKNG), Netflix Inc. (NASDAQ: NFLX), Facebook Inc. (NASDAQ: FB), and Amazon.com Inc. (NASDAQ: AMZN). ford Motor Co. (NYSE: F.) makes the cut as it has was approached as a recovery stock and a potential player in the electric vehicle market.
Returns for the index have been excellent, with an average annual return of nearly 25% over the past five years. During the last year, The performance was fantastic too, with growth of over 70%.
Keep in mind, This is paper trading. The ETF only started trading this month.
The combination of AI and a portfolio of hot stocks is enough to get people excited about the ETF even outside of the bar stool universe.
But you should “Join the Swarm” when VanEck suggests, and add stocks of BUZZ to your portfolio?
Here’s how to play it …
Use the BUZZ ETF for the biggest gains
If you are bullish about stocks, then you should buy as much BUZZ as you can include in your portfolio.
This is better than leveraged long ETFs any day of the week. When the market moves higher, then this fund will show the way. It will own the hottest stocks that are generating buzz and purchasing power among retail and institutional investors alike.
It will be nearly impossible for BUZZ not to outperform the broader indices. This new ETF will own only the hottest stocks in the index, avoiding the fools and stocks that hurt performance.
Another advantage: BUZZ only works to to buy Companies with a market capitalization of $ 5 billion or more. This could help resolve some of the liquidity issues that could be crippling to holding ETFs thes liquid issues when we finally see a bear market.
Of course, if you are neutral or take risks on the outlook for the markets– –averse, then you might want to skip this ETF.
And meto you‘Re bearish on stocks, Then the BUZZ ETF is a great target for put options as soon as they become available.
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The index results we saw only go back five years in what was largely a raging bull market. When markets go bad, the stocks that are loved by smaller investors could find themselves under pressure as institutions start depositing stocks to meet redemptions and provide a buffer against volatility.
There aren’t any options for BUZZ yet, but I suspect there will be some at some point. In that case, BUZZ could be an options trader’s dream ETF.
For all his silliness and rude behavior, Dave Portnoy may have long been instrumental in introducing one of the best ETFs for a trader’s toolbox.
In addition to just trading, BUZZ will be a fantastic tool for investors looking to beat the strongest stocks higher during a bull market.
If you see Dave Portnoy out and about, buy the man a slice of pizza.
BUZZ could be one of the most innovative and useful ETFs to be launched in a long time.
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