FYI: ocial media is a great platform for noisemakers. But it can also be the perfect place to gauge investor sentiment and find good stock picks. That’s the premise, at least, behind some ETFs that sift through the social media noise to build portfolios based on online chatter.
The novel idea, on the surface, may seem more hype than viable as an investment strategy. But a look at a fund like the BUZZ U.S. Sentiment Leaders ETF (BUZ) shows that focusing on “what’s trending” can actually make for good returns, at least in the short term.
Regards,
Ted
https://www.etf.com/sections/features-and-news/theres-buz-etf-airM* Snapshot BUZ:
https://www.morningstar.com/etfs/ARCX/BUZ/quote.html