By Market News Video Staff, Tuesday, October 26, 12:02 PM ET
The First Trust US IPO Index Fund (AMEX:FPX) is falling on Tuesday following an analyst report by Barclays concerning the fund's top holding. Barclays lowered its EPS estimates on shares of Visa (NYSE:V) to $3.85 for 2010 despite general optimism for the company and sector. The report from Barclays has Visa trading lower by about 1.3% today and FPX lower by about 0.4%.
Visa accounts for almost 11% of the ETF's portfolio, followed by Philip Morris Internatinal (NYSE:PM) at 9.9%, Time Warner Cable (NYSE:TWC) at 4.3% and Covidien (NYSE:COV) at 4.2%. For a full list of holdings, visit the FPX Holdings page.
Today to be alerted when we launch, and we'll offer you a 20% discount on your first year of service! The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
This Article's Word Cloud:AMEXBarclaysFirstInvestmentNYSEPhilipPortfolioRegisterTodayVisaWarneraboutaccountsalertedallowsanalystassetbondscashclassescompanycompletelyconcerningcountriesdesigneddespitediscountestimatesfallingfirstfollowedfullgrowthleadslistlowerloweredportfolioprogramreportservicesharesshortstockstermstherevisitwhenyearyour
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.