MTUM: The 20% Plunge Is Too Much Momentum Damage (Rating Upgrade)

I upgrade iShares MSCI USA Momentum Factor ETF to a buy, citing compelling valuation and imminent portfolio diversification. MTUM's heavy tech exposure drove recent underperformance, but the upcoming rebalance will shift toward cyclicals and value, reducing risk. The ETF trades at a P/E of 16.3x with a 24.8% long-term EPS growth rate, resulting in an attractive 0.7x PEG.