Recession fears are kicking in, so these are the best ETFs to buy now for July 2022, states Jason Bodner of MapSignls.com.
At MAPsignals, we turn to data to help us find opportunities. Scoring stocks is what we love to do. Scoring baskets of stocks allows us to score ETFs!
Having an unemotional data-driven approach allows us to highlight funds rising to the top. This process is how we find the best ETFs for July 2022. From our standpoint, the best ETFs are ones that hold incredible stocks. We see strong technical and fundamental scores in Utilities, Staples, and Healthcare ETFs.
Let's break down the following five best ETFs to buy for July:
Innovator IBD 50 ETF (FFTY)
iShares Evolved US Innovative Healthcare ETF (IEIH)
Health Care Select Sector SPDR Fund (XLV)
First Trust Utilities AlphaDEX Fund (FXU)
Consumer Staples Select Sector SPDR Fund (XLP)
Inside each of these ETFs are outlier stocks.
Those are companies that have been some of the best winners ever. Data helps us find them!
In FFTY, I like this high-scoring stock, Vertex Pharmaceuticals, Inc.(VRTX)
Inside IEIH, I'll showcase AbbVie, Inc. (ABBV)
Then for XLV, I found Thermo Fisher Scientific, Inc. (TMO)
For FXU, I focused on Duke Energy Corporation (DUK)
Finally, for XLP, I'll showcase The Coca-Cola Company (KO).
To learn more about Jason Bodner, visit Mapsignals.com.