TradingMarkets 7 ETFs You Need to Know for Monday
Stocks staged a dramatic sell-off that thwarted a late rally from midday lows. Short and leveraged short exchange-traded funds that had been down for most of the day finished broadly in the green.
Here are 7 ETFs You Need to Know for Monday.
Bloomberg reported on Friday that Ken Heebner’s CGM Focus fund was among the growing number of firms investing in the survivors of the financial industry. These included Wells Fargo, Citigroup and Bank of America – all of which are components of the Select Financial Sector SPDRS, XLF
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PowerRating).
Dipping into oversold territory above the 200-day moving average on Thursday, the ProShares Short QQQ exchange-traded fund, PSQ
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Weakness in semiconductor stocks was underscored by the weakness in the Semiconductor HOLDRS, SMH
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Reversals in oil companies like Exxon Mobil
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PowerRating) lower by more than 4%.
Small cap stocks continued to struggle on Friday. The ProShares UltraShort Russell 2000 ETF, TWM
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PowerRating), gained more than 15% late in trading on Friday.
Barclay’s is reportedly expanding its commodities team, suggesting that the renewal of a “bull cycle” in commodities may be near. Traders can get exposure to agricultural commodities through ETFs like the PowerShares DB Agriculture fund, DBA
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PowerRating), which tracks corn, soybean, sugar and wheat.
Emerging markets funds lost their early gains as the late sell-off intensified. The iShares MSCI Taiwan Index ETF, EWT
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PowerRating) lost approximately 9% on Friday.
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