First Trust Dow Jones Internet Index Fund [FDN] Stock Forecast

Launched on 06/19/2006, the First Trust Dow Jones Internet ETF (FDN) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Internet segment of the equity market.

The Nasdaq 100 and Invesco QQQ Trust ETF are experiencing a rapid surge, potentially leading to a "meltup" phase in the market. Technical evidence suggests this surge could continue, with QQQ potentially reaching $400 in a matter of weeks. The First Trust Dow Jones Internet Index Fund ETF is a more focused ETF that correlates highly with QQQ and could be used to capture the breakout.

Sector ETF report for FDN

Salesforce stock surged post upbeat earnings and guidance. These ETFs should benefit.

FDN is a longstanding internet-focused ETF that suffered a significant drawdown over the last 18 months. The fund's large cap-driven underperformance could now become a tailwind as historically low valuations rise.

Sector ETF report for FDN

Online holiday sales hit a record high buoyed by heavy discounts, which persuaded shoppers to spend on everything from toys to electronics amid the rising inflation environment.

Cyber Monday has become the heaviest online spending day ever. This is especially true as shoppers spent a record $11.3 billion in online shopping, up 5.8% year over year, according to Adobe.

Sector ETF report for FDN

FDN is built to track the success of some of the most popular internet stocks. But for a while now, it has been tracking the failure of those very same stocks.