Wednesday 13 November 2024 (Time: 07h47)
PACER US SMALL CAP CASH COWS 100 ETF (CALF) | With small caps having been under owned relative to it's large cap peers, there may be potential for a further re-rating as policy becomes more clear in the United States. The CALF ETF considers companies with high free cash flow yields as it indicates a company is producing more cash than it needs to run the business and can invest in growth opportunities. Technically, the ETF has been trading in a multi-month consolidation range where the price has started to show signs of strength. This suggests that there is potential for a new momentum leg which could see the ETF trade at higher levels of the medium term.
Lester Davids
Analyst: Unum Capital
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