TradingMarkets 7 ETFs You Need to Know for Tuesday

Surprisingly good news from the housing sector and buying in telecommunications and consumer discretionary sectors helped move stocks higher on Monday. Earnings from Verizon Communications
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Tuesday morning will likely keep attention on telecom, which has been among the better performing sectors in recent days.

Here are 7 ETFs You Need to Know for Tuesday.

Telecommunications stocks were the early leaders of the day on Monday, with traders and investors buying the news that Sprint
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would be eliminating 8,000 jobs. The Telecom HOLDRS, TTH
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is the most common way for ETF traders and investors to add telecom exposure to their portfolios. However another option is the iShares Dow Jones U.S. Telecommunications Index ETF, IYZ
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, which is less heavily-weighted toward AT&T
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by comparison.

Better than expected existing homes sales boosted home builder stocks like Lennar
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and Pulte Homes
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on Monday. This meant higher prices for the S&P Homebuilders SPDRS ETF, XHB
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. Trading beneath its 200-day moving average, XHB closed above its 5-day moving average for the first time in more than a week.

Among the ETFs that have been outperforming over the past four weeks are a pair of newer funds that are linked three-to-one to the inverse of their respective markets: the Direxion Financial Bear 3X Shares ETF, FAZ
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, and the Direxion Developed Markets Bear 3X Shares ETF, DPK
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.

Many ETF traders and investors know that they can get exposure to the price of oil through the United States Oil Fund ETF, USO
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. But few know that the price of gasoline also can be traded and invested through a similar ETF, the United States Gasoline Fund ETF, UGA
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.

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