Long-term outlook: <\/strong>“The theme is intertwined with politics, but marijuana remains illegal under federal law. The industry still struggles with profitability, keeping us skeptical of the theme,” NDR said.<\/p>\n US Global Jets ETF (<\/strong>JETS<\/strong><\/a>): <\/strong>Up 8% since June 30<\/p>\n Airline earnings have held up, despite a weakening outlook for consumer spending. Delta<\/a>, United Airlines<\/a>, and American Airlines<\/a> all beat earnings estimates for the second quarter, making those stocks the top contributors to the ETF’s performance, NDR analysts said.<\/p>\n Long-term outlook: <\/strong>“JETS has climbed back to its January 2025 resistance level. We remain skeptical of the rally’s durability as services inflation ticks higher and a weakening labor market should dent demand,” the firm added.<\/p>\n Related stories<\/p>\n Business Insider tells the innovative stories you want to know<\/p>\n Business Insider tells the innovative stories you want to know<\/p>\n 3. Lithium and battery stocks<\/p>\n Global X Lithium & Battery Technology ETF (<\/strong>LIT<\/strong><\/a>):<\/strong> Up 17% since June 30<\/p>\n CATL<\/a>, one of the world’s largest battery makers, said it shut down operations in its China’s Jianxiawo lithium mine for at least three months due to permit issues, Bloomberg reported. That’s offering hope of a “better supply\/demand” balance in the lithium market<\/a>, NDR said, which could raise prices.<\/p>\n Long-term outlook: “<\/strong>The Jianxiawo mine closing is a good step for less lithium supply from China and Albermarle has also indicated slowing capex, but we remain skeptical and need more proof of capital discipline,” the firm added.<\/p>\n Invesco Solar ETF (<\/strong>TAN<\/strong><\/a>): <\/strong>Up 15% from June 30<\/p>\n Solar regulation in Trump’s One Big Beautiful Bill<\/a> was more lax than expected.<\/p>\n The bill will phase out solar energy tax credits<\/a> through 2027, but the IRS’s four-year safe harbor rule is a potential loophole that could allow businesses to claim tax credits in a longer window, NDR said.<\/p>\n Long-term outlook:<\/strong> “OBBBA rules create an incentive to start solar projects after Sep. 2. Still, tariffs on Chinese solar panels have driven up prices and hurt demand. Solar could be attractive as a short-term trade,” researchers wrote.<\/p>\n iShares US Home Construction (<\/strong>ITB<\/strong><\/a>): <\/strong>Up 14% since June 30<\/p>\n![\"\"\/](\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/08\/placeholder.png\")
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