TradingMarkets 7 ETFs You Need to Know for Friday
Rising wholesale inflation figures helped put a bid in energy stocks, bringing ETFs linked to that sector higher on Thursday. Both financials and technology, however, struggled in the wake of continued uncertainty over the government’s response to the financial crisis and unenthusiastic earnings and revenue forecasts from Hewlett Packard Wednesday after the bell.
Here are 7 ETFs You Need to Know for Friday.
With stocks like National Oilwell Varco Inc.
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NOV |
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NE |
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The consumer staples sector was another place that traders and investors were putting their capital on Thursday. Exposure to U.S.-based consumer staples companies can be had through exchange-traded funds like the Consumer Staples Select Sector SPDRS ETF
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XLP |
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For a more international flavor, ETF traders might want to consider the iShares S&P Global Consumer Staples ETF
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KXI |
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PowerRating). KXI includes stocks like British American Tobacco PLC
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UNA |
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WMT |
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PG |
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Uncertainty over the details of the government’s plan to help solve the financial crisis continues to put pressure on financial stocks and exchange-traded funds. Typical of the selling in these markets was the selling of the Financial Select Sector SPDRS ETF
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XLF |
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PowerRating), which was down by nearly 3% intraday on Thursday.
Also pulling back on Thursday were technology shares, especially Hewlett Packard
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HPQ |
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RTW |
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Like the moves in the metals? ETF traders and investors can tailor their trades and investments in the metals market to get exposure to both base metals through the PowerShares DB Base Metals ETF
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DBB |
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DBP |
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