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Picky Bulls, Broad Bears

by on July 18, 2011

Wall Street continued its wild ride last week as equity indexes sank lower after a discouraging downgrade of Ireland to junk status and ongoing worries about the debt ceiling on the home front. Alcoa started the week with upbeat results and Google left investors smiling on Friday as shares soared upwards of 10% after the internet giant crushed analyst expectations. Gold emerged as the strongest performing asset class yet again; the precious metal continues to ride higher as financial markets across the globe largely remain uncertain and last week’s futures prices climbed to record highs of $1,594 an ounce. Our trade recommendations for this week include a defensive position with international exposure in the fixed-income market, while our other two picks are positioned to gain from a rally in select corners of the equity-market from across the globe.

Weekly Outlook

The coming week is fairly sparse with economic data on the international front, while earnings kick-into high gear at home as investors position themselves for the second week of corporate performance results. Goldman Sachs among other financial and banking giants will report this week, and volatility in the financial sector has historically translated into broad-based sell-offs and rallies. Below we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors:

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Oil has not been the talk of markets since pre-recessionary time when sky high prices, above $140 per barrel to be exact, were acting as an anchor on various aspects of our economy. That period in time saw numerous businesses struggle with soaring crude prices, a good example being U.S. airline Skybus, who was forced to go out of business due to profits being severely pinched by jumps in crude. Then tragedy struck as markets took a nose dive, bringing oil prices back down to earth, where they remained, until recently.

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Only a few days into the ninth month of the year, September is shaping up to be a far better month than August, when many benchmarks were pummeled by negative outlooks and a wave of bearish sentiment on Wall Street. After a better-than-expected jobs report sent markets surging to close trading last week, investors will […]

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As the summer months draw to a close, many ETFs find themselves in negative territory on the year; an extension of 2009′s magnificent rally has simply not materialized. Many of the disappointing performances from equity ETFs have been easy enough to explain, as scenarios that have played out countless times before have dragged down stocks. […]

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One of the biggest stories from the second quarter of the year was the Deepwater Horizon oil spill which continues to contaminate the Gulf of Mexico. As embattled oil giant BP prepares to finally seal off the well, the focus moves from containment to blame which has put a variety of companies in the spotlight […]

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The first week of earnings season brought mixed results from many bellwethers and did not help to give the market any direction heading into the third quarter. The financials sector took a hit with Citigroup and Bank of America both reporting weak revenues numbers while Internet and consumer sectors also slumped on the back of poor outlooks […]

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Taking a quick look around the investing landscape, one might not immediately suspect that we’ve entered the dog days of summer; there is no shortage of bears who have seemingly come out of hibernation. But not everyone is down on the economic outlook with bulls making a case for a strong second half of 2010. […]

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The first half of 2010 has not been particularly kind to U.S. equity markets, but some corners of the economy have had a tougher road than others. The domestic energy sector has been battered and bruised by the first six months of the year; nearly all of the funds in the Energy Equities ETFdb Category […]

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In the wake of the worst environmental disasters in U.S. history, the energy sector has fallen on tough times. The ongoing crude leak in the Gulf of Mexico has further tarnished Big Oil’s public reputation, setting the stage for a sharp regulatory backlash. With a moratorium on offshore drilling already in the works, uncertainty hung […]

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When the Deepwater Horizon oil platform exploded in late April, few expected the story to be dominating headlines almost six weeks later. However, as oil began to spill out and BP’s numerous efforts to contain the problem failed, it became increasingly clear that this would become one of the worst environmental disasters in world history. […]

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When an oil rig exploded and collapsed in the Gulf of Mexico last month, few imagined that the fallout from the disaster would still be making headlines nearly five weeks later. But the explosion spawned one of the worst environmental disasters in U.S. history, and resolving the situation has been a daunting challenge for all […]

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In recent weeks, no news story has dominated headlines as much as the ongoing saga playing out in the Gulf of Mexico, better known as the Deepwater Horizon oil spill. It has been nearly a month since an oil well blowout caused an explosion 40 miles southeast of the Louisiana coast, sparking what has already […]

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