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Daily ETF Roundup: IYT Jumps As Confidence Improves, UNG Continues To Plunge

Stoyan Bojinov — Thu, 19 Jan 2012 23:21:37 +0000

The tug of war between the bulls and bears continues on Wall Street as investors digested yet another plateful of mixed earnings results coupled with encouraging economic data. The Nasdaq remains at the front of the pack for the week, gaining 0.67% on the day, while the Dow Jones Industrial Average lagged behind, clinching gains of 0.36%. Euphoria across equity markets created headwinds for the U.S. dollar for a third day in a row this week, which has helped beat down commodity prices to edge higher. Gold fell victim to choppy trading on Thursday, although bearish pressures tipped the precious metal lower and futures prices settled just below $1,660 an ounce [see also Earnings Spotlight: Freeport McMoRan (FCX)]. Financials led the way higher on the day, although fundamental developments in the sector were a mixed bag; investors were cheerful to see Bank Of America beat analyst estimates, although Morgan Stanley [...]

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ETFs For Planes, Trains, And Automobiles

Michael Johnston — Wed, 28 Dec 2011 11:00:44 +0000

As the number of exchange-traded funds continues to multiply, investors have the ability to achieve increasingly granular exposure to narrow segments of the global economy. This development has worked out quite nicely for investors who utilize a “core and explore” strategy that calls for the bulk of exposure to be held in broad, plain vanilla stock and bond funds with smaller weights assigned to more targeted asset sub-classes that are deemed to be potential sources of alpha. The innovation in the ETF industry has given investors tools for tapping into incredibly targeted corners of the market, ranging from producers of solid state drive technology to smartphone manufacturers to platinum miners. It’s also created an opportunity to tap into the “transportation sector,” a term that can loosely be used to cover companies whose operations focus around moving people and things between places. Below, we profile a few ETFs covering everything from [...]

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Daily ETF Roundup: DBB Continues Slide On Copper Weakness, IYT Jumps On UNP Earnings

Eric Dutram — Thu, 20 Oct 2011 21:45:41 +0000

American equity markets experienced another choppy session on Thursday as France and Germany announced that a second summit would take place next week, suggesting that a resolution to the crisis would not come this weekend. Nevertheless, both the Dow and the S&P 500 managed to rise modestly on the day as the indexes gained, respectively, 0.3% and 0.5% on the session. The tech-heavy Nasdaq, however, wasn’t as fortunate as the index fell by about 0.2% to close just under the 2,600 level. Meanwhile, commodity markets continued to slide on the day as gold fell by about $25/oz. and oil slid by close to 0.2% to fall just below $86/bbl. These headline products also led the rest of the sector down although some strength was seen in the rest of the energy market. The heaviest losses instead came in corners of the soft market as well as the base metals sector as [...]

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ETF Insider: Markets Regain Footing

Stoyan Bojinov — Sat, 08 Oct 2011 14:00:57 +0000

Investor worries eased up a bit this past week as concerns over Europe were quelled by the ECB following its most recent decision to keep interest rates unchanged. Wall Street posted an impressive three-day winning streak starting with an impressive, high-volume rally in the final hours of trading on Tuesday. However, stocks couldn’t hold onto gains on Friday, despite better-than-expected employment data. Media legend and Apple CEO, Steve Jobs, passed away last Thursday at the age of 56, leaving behind an iconic consumer brand that has helped shape all of our worlds. Gold prices remain stuck in a trading-range and futures for the precious yellow metal settled just below $1,650 an ounce on Friday. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance IYT Short -0.6% IJK Long 0% BAB Long -1.2% Our picks from Monday’s Insider were a mixed bag this week, with two of our [...]

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ETF Insider: Bulls Back For Good?

Stoyan Bojinov — Wed, 05 Oct 2011 22:57:55 +0000

Wall Street started the week on a fairly weak note as investor worries regarding the health of the Euro zone resurfaced over the weekend. Equity indexes plunged further on Tuesday, although the bulls came charging to the rescue in the last hour of trading, sparking a strong, heavy-volume rally to end the trading session. Volatility looms in the background as investor confidence has not yet been fully restored thanks to European debt-woes dominating news headlines. Gold prices remain range-bound, although the precious metal is holding support above $1,600 an ounce and appears poised for a rebound in the coming days. Checking In: Trading Ideas This week, our technical trading ideas included long/short recommendations in two popular domestic sector funds, while our third fundamental pick focused on one of the best performing corners of the bond market this year. Below, we highlight how our trade recommendations from Monday’s Insider have been [...]

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ETF Insider: Greece Flirts With Default

Stoyan Bojinov — Mon, 03 Oct 2011 13:33:13 +0000

Wall Street posted yet another up-down week of performance as domestic equity indexes fluctuated and ultimately fell victim to serious profit taking as the final trading session drew to a close. Worse-than-expected U.S. consumer confidence coupled with a decline in personal income were concerning data releases that only added to the piling uncertainty weighting down on stocks. Gold wasn’t much of a safe haven last week as the precious metal found it hard to rise back above $1,700 an ounce, and drew lower as the week went on, managing to settle just below the $1,650 mark on Friday. We anticipate for market volatility to remain high in the coming week as investors await guidance from European lawmakers as they compromise on a plan of action to aid Greece. Weekly Outlook The coming week is fairly busy with major economic releases on the international front, including several central bank meetings taking [...]

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Thursday’s ETF To Watch: iShares Transportation Average Index Fund (IYT)

Eric Dutram — Thu, 22 Sep 2011 08:00:06 +0000

As the economy continues to weaken, highly cyclical stocks have been getting hammered more than most, leading the market lower over the past month. One of the most troubled in this time period has undoubtedly been the transport sector as that particular corner of the market has lost close to 1,000 basis points more than the overall market in the past three months. Yet, while stock prices have slumped, earnings have held up surprisingly well at a number of firms in the sector, namely those in the railroad segment of the broad transportation industry, suggesting that fears, and not fundamentals are causing the recent slump. With that being said, today’s key earnings report from Federal Express could be a market moving event that either shows more earnings strength in the sector, or confirms investors’ worst fears over this highly sensitive and important market sector. The Memphis-based package delivery giant is expected to [...]

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Daily ETF Roundup: DBA Slumps On Grain Hopes, IYT Surges On Railroad Strength

Eric Dutram — Tue, 13 Sep 2011 21:45:57 +0000

Despite the choppy trading and continued uncertainty in Europe, American stock managed to finish the day higher pretty much across the board. The Dow rose by 0.4% while the broader indexes more than doubled the 30 stock index, as the S&P 500 rose by 0.9% and the Nasdaq gained 1.5% for the day. In commodity markets, most resources finished in the green as well, as gold added about 1.3% and oil surged to just below the $90/bbl. mark on a 1.9% gain. Soft commodities, on the other hand, did see broad weakness on the session as all of the grains slumped, led lower by 3% losses in the corn and wheat markets on hopes for higher supply levels. In currency markets, the dollar finished slightly lower against most of the major currencies, falling below the 77 yen mark but staying flat against both the euro and the pound. The biggest [...]

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ETF Insider: No Job Hopes For Wall Street Bulls

Stoyan Bojinov — Sat, 10 Sep 2011 13:00:56 +0000

Stocks plunged on Friday as investors found little reassurance in President Obama’s most recent proposal to Congress to stimulate the U.S. economy. Similar to the approaches used in 2009, President Obama’s new plan is more of the same old, including tax cut proposals, aid to state and local governments, and more infrastructure spending. European debt-woes continue to escalate, giving investors more reasons to stay on the sidelines as the outlook for the global economy remains gloomy. Persistent uncertainty in the markets has been paving the way higher for gold, and the precious metal surged to a new record high of $1,923 an ounce on Tuesday. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance IYT Short -1.6% KXI Long +0% GXF Long -2% Our ideas from Monday’s Insider were a mixed bag this week as volatility swept through the markets yet again. Our technical analysis of KXI [...]

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ETF Insider: Stocks Pop On Job Hopes

Stoyan Bojinov — Wed, 07 Sep 2011 22:54:48 +0000

Domestic equities opened significantly lower on Tuesday as investors came back from the extended Labor Day weekend. Stocks, however, managed to work their way higher during the trading session, extending gains into Wednesday in anticipation of President Obama’s address to Congress on Thursday regarding his plan to stimulate employment over the next year. Overseas in Berlin, the courts ruled to reject lawsuits aimed at stopping Germany’s participation in “bailing out” member nations of the debt-stricken Eurozone. Gold surged to a new high of $1,923 an ounce prior to Wall Streets open on Tuesday, although the precious metal quickly fell victim to rampant profit-taking, sinking down to $1,800 an ounce the following day. Checking In: Trading Ideas This week, our trading ideas included a short position in a domestic sector fund, as well as long positions in a defensive consumer-staple ETF along with “safer” exposure to the Eurozone. Stocks will likely remain [...]

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ETF Database » IYT

Daily ETF Roundup: IYT Jumps As Confidence Improves, UNG Continues To Plunge

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