TradingMarkets 7 ETFs You Need to Know for Monday
Technology stocks led the rebound in stocks on Friday, as traders and investors shook off the inability of the Senate to support the automaker aid package on Thursday. Plus: new ETFs for traders looking for exposure to the commodities markets!
Here are 7 ETFs You Need to Know for Monday.
After a two-day pullback, technology ETFs were among those moving higher on Friday. Some of the more widely traded technology exchange-traded funds include the Semiconductor HOLDRS, SMH
(
SMH |
Quote |
Chart |
News |
PowerRating), as well as the Technology Select Sector SPDRS, XLK
(
XLK |
Quote |
Chart |
News |
PowerRating) and the iShares S&P Global Technology ETF, IXN
(
IXN |
Quote |
Chart |
News |
PowerRating). The SMH includes both Intel Corporation
(
INTC |
Quote |
Chart |
News |
PowerRating) and Texas Instruments
(
TXN |
Quote |
Chart |
News |
PowerRating). The broader XLK and IXN include Intel, but also include stocks like Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) and International Business Machines
(
IBM |
Quote |
Chart |
News |
PowerRating).
Gapping lower at the open, the ProShares Ultra Financials ETF, UYG
(
UYG |
Quote |
Chart |
News |
PowerRating) rallied over the course of the day on Friday. The 2-to-1 leveraged exchange-traded fund includes major financial stocks like Goldman Sachs
(
GS |
Quote |
Chart |
News |
PowerRating), which reports earnings next week.
Also higher on the day were real estate investment trusts or REITs. The Vanguard REIT Index ETF, VNQ
(
VNQ |
Quote |
Chart |
News |
PowerRating) was up more than 5% going into the final hour of trading on Friday.
Think commodities have further to fall? Two new exchange-traded funds, the ProShares UltraShort DJ-AIG Commodity ETF, CMD
(
CMD |
Quote |
Chart |
News |
PowerRating) and the ProShares UltraShort DJ-AIG Crude Oil ETF, SCO
(
SCO |
Quote |
Chart |
News |
PowerRating) let ETF traders trade, invest in or hedge against falling commodities prices in agricultural commodities and crude oil.
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 and Cesar Alvarez’ new book, Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs!