ETFdb Weekly Watchlist: XLI Awaits Durable Goods Orders; EWG, XRT Hinge On Sentiment Data

by on August 26, 2013 | ETFs Mentioned:

The summer slump on Wall Street continued last week, leaving investors in for yet another round of lackluster trading. Though investors kept the Fed in focus throughout the week, the latest policy minutes shed essentially no light on what the central bank plans to do next. The minutes stated that few officials favored tapering bond purchases soon, while others were “somewhat less confident” about near-term economic growth. To add to the already sour week, the Nasdaq Stock Market halted all trading on Thursday after a technical glitch forced the exchange to shut down for over three hours. This week, investors will once again see a slew of economic reports. Below, we outline three ETFs that should see a fair amount of activity during the week ahead [see also How To Take Profits And Cut Losses When Trading ETFs]:

1. Industrial Select Sector SPDR (XLI, A)

Why XLI Will Be In Focus: This fund is one of the most popular on the market, with over $5.9 billion in assets and an average daily volume just over 10 million. XLI seeks to replicate the performance of the U.S. industrial sector and will be in focus this week as core durable goods orders data for the month of August hits the street on Monday. Analysts are expecting core durable goods orders to rise from -0.1% to 0.6% [see Single Country ETFs: Everything Investors Need To Know].

2. MSCI Germany ETF (EWG, B)Durable Goods Orders

Why EWG Will Be In Focus: This fund is designed to measure the performance of the German equity market, and it is home to over $4.7 billion in total assets. EWG will come into focus on Tuesday as data on Germany’s business climate is released. The indicator, compiled by the Ifo Institute for Economic Research, is expected to come in higher at 107.1, compared to the previously recorded 106.2 figure.

3. SPDR S&P Retail ETF (XRT, A-)

Why XRT Will Be In Focus: This ETF tracks an index that is comprised of the roughly 100 U.S.-listed, publicly-traded retail companies, a targeted sub-sector of the consumer discretionary space. Investors should keep a close eye on XRT on Tuesday as the Conference Board’s Consumer Confidence Index is reported. Analysts are expecting the metric to decrease to 79.6 from 80.3. [see also How To Pick The Right ETF Every Time].

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Disclosure: No positions at time of writing.