TradingMarkets 7 ETFs You Need to Know for Thursday
Earnings announcements from a trio of popular technology companies likely will drive traders and investors towards technology ETFs on Thursday. Plus: while oil falls, agricultural commodities like soybeans, wheat and corn have been on the march. Find out which ETF will let you take advantage of moves in “the grains”!
Here are 7 ETFs You Need to Know for Thursday.
With Oracle Corporation
(
ORCL |
Quote |
Chart |
News |
PowerRating),Research in Motion
(
RIMM |
Quote |
Chart |
News |
PowerRating), and Palm
(
PALM |
Quote |
Chart |
News |
PowerRating) all reporting earnings on Thursday, look for additional volatility in technology-related ETFs such as the Technology Select Sector SPDR ETF, XLK
(
XLK |
Quote |
Chart |
News |
PowerRating) and the ProShares Ultra Technology ETF, ROM
(
ROM |
Quote |
Chart |
News |
PowerRating), which is leveraged two-to-one to the Dow Jones U.S. Technology Index.
Tech stock earnings could also encourage more aggressive trading in the Nasdaq. ETF traders can trade or invest in the Nasdaq 100 through the PowerShares QQQ Trust ETF, QQQQ
(
QQQQ |
Quote |
Chart |
News |
PowerRating), as well speculate against the Nasdaq 100 by way of ETFs like the ProShares Short QQQ ETF, PSQ
(
PSQ |
Quote |
Chart |
News |
PowerRating)
Financial stock have been among the better performing stocks over the past few days. This has resulted in lower levels for short/inverse financial ETFs such as the ProShares UltraShort Financials ETF, SKF
(
SKF |
Quote |
Chart |
News |
PowerRating).
Plunging oil prices lead to further losses for the United States Oil Fund, USO
(
USO |
Quote |
Chart |
News |
PowerRating), which tracks the price of West Texas Intermediate light, sweet crude oil, as well as other petroleum-based, exchange-traded fuels.
Little changed on Wednesday, the PowerShares DB Agricultural ETF, DBA
(
DBA |
Quote |
Chart |
News |
PowerRating) has continued higher since making a bottom at the beginning of the month. The ETF is up more than 14% from its December 5th close.
According to a recent report, eight out of ten securities traded are exchange-traded funds. Want to learn how to trade them? Click here to find out what traders are saying about Larry Connors’ new book, Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs!