SCHD ETF Shows Modest Gains in Pre-Market Amid Fed Rate Cut
The Schwab U.S. Dividend Equity ETF (SCHD) edged up 0.07% in pre-market trading, signaling cautious investor interest in high-dividend stocks following the Federal Reserve's rate cut. Year-to-date, the fund has gained 0.72%, though it remains down 1.44% over the past five sessions.
Net outflows of $42 million highlight shifting sentiment, as SCHD's holdings face divergent paths. Coterra Energy and FMC Corp lead with upside potential, while Best Buy and Murphy Oil weigh on performance. Analysts maintain a Moderate Buy rating with a 13.97% price target upside.