TradingMarkets 7 ETFs You Need to Know for Tuesday
Financials and energy ETFs were the biggest gainers on a mixed, but largely positive Monday for stocks. A number of extremely oversold short ETFs were also making advances on the day.
Here are 7 ETFs You Need to Know for Tuesday.
Led by Bank of America
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Up by nearly 3% on Monday was the Energy Select Sector SPDRS ETF
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Despite the strength in stocks, a number of short or inverse ETFs were making strong moves on Monday. These included the ProShares UltraShort Technology ETF
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Famous investors and author of the Gloom, Boom, Doom Report, Marc Faber suggested on Monday that both China and emerging markets were likely to outperform over the next few years. ETF traders and investors looking to make emerging markets part of their strategy can turn to exchange-traded funds like the Direxion Emerging Markets Bull 3x Shares ETF
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PowerRating). EDC is built to return three times the daily return of the MSCI Emerging Markets Index.
Many ETF traders and investors are increasingly interested in preferred securities as a way of earning quality yield in a deflationary economy. One easy way to get access to these kind of securities is through ETFs like the PowerShares Financial Preferred Securities ETF
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