Buy the ETF that holds Google, Netflix, Amazon, Salesforce
Rather than risk it on some of these individual names such as Netflix (NFLX) after it's huge 20% gain last week go with the FDN. You get the safety of being in a basket that includes other speculative names that are loved for their services but not so much as a stock, i.e. Amazon, Google, eBay.
What I like about this ETF is it contains some hot names and other stocks that have done nothing in the past 12 months such as Google. The FDN closed at $61.45 on Friday. Per share that's a good alternative for those who can't pony up the $1,037 for a single share of Priceline. You can own this basket of great tech names for a fraction of the cost.
Here's more about the FDN:
The First Trust Dow Jones Internet Index Fund (FDN) is an exchange-traded index fund. The Fund seeks investment results that correspond generally to the price and yield , before the Fund's fees and expenses, of an equity index called the Dow Jones Internet Composite IndexSM.
There can be no assurance that the Fund's investment objectives will be achieved.
- For a stock to be included in the selection universe for the index, a company must generate at least 50% of its annual sales/revenues from the Internet.
- To be eligible for the Dow Jones Internet Composite IndexSM, a stock issued through an initial public offering must have a minimum of three months’ trading history. Spinoffs will require this history only if the parent stock has itself been trading for less than three months. An index-eligible stock also must have:
- A three-month average market capitalization of at least $100 million;
- A three-month average closing price above $10 if it is not currently in the index;
- Sufficient trading activity to pass liquidity tests.
- Index components are selected from the eligible universe using a combination of three-month average float-adjusted market capitalization and three-month average share volume with a goal of capturing 80% of the float-adjusted selection universe.
- The index composition is reviewed each quarter. Rebalancing takes effect after the close of trading on the third Friday of March, June, September and December.
|Facebook, Inc. (Class A)||8.30%|
|Google Inc. (Class A)||5.00%|
|Google Inc. (Class C)||4.98%|
|The Priceline Group Inc.||4.91%|
|LinkedIn Corporation (Class A)||3.79%|
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