ROKT short?As we can see if this $44 level holds, we will see alot of downside here on ROKT.
Please use a stoploss, thanks!
ROKT trade ideas
ROKT - 4H :: Uptrend Samuel Miller, a senior investment strategist with Signature Estate & Investment Advisors, points toward a different approach for space investing than picking individual stocks. "I lean towards picking ETFs to invest in the new space race since there are not enough pure space plays at the moment," he says. "Current industries like defense and aerospace, machinery, semiconductors, etc., are poised to benefit from the increased spending in space exploration." He says ROKT fits the bill. The multisector space fund has allocations in traditional aerospace and defense companies as well as technology and communication services firms as it "seeks to capture companies driving space exploration innovation – the pure plays as well as the firms supporting the ecosystem (i.e., the suppliers)," according to State Street Global Advisors. Top holdings include Raytheon Technologies Corp. (RTX) and Honeywell International Inc. (HON).
TP1 - $44
Mr. West on ETF of the day The Exchange Traded Funds (ETF) are a combination of other traded public companies that are gathered together based on sector, industry, and performance. The SPDR S&P Kensho Final Frontiers ETF, ticker symbol (ROKT) has been performing at a high rate. For the past several months, ROKT has grown 70% since it's sharp drop in March. (See image link below)
The ETF total net assets consist of top companies like; Maxar Technologies Inc, Virgin Galactic Holdings Inc, Honeywell International Inc, Heico Corp, Lockheed Martin Corp and many more companies that reflect the Industrial and Technology industries. According to Watch Market, ROKT has a strong portfolio that focuses more on Industry market which is at 86%, Technology at 10%, and Oil & Gas at 3%. Majority of these Industry companies are looking to push the envelope of space and space materials like Northrop and Grumman and Virgin Galactic.
It is trading at 38.59 a share and has a low of 38.53.
My prediction that this will continue to perform over the next 30 years as space exploration will tend to be a mission for many top Space companies.
