TradingMarkets 7 ETFs You Need to Know for Tuesday
Telecommunications stocks were called “safe havens” by one analyst, boosting shares in that sector. At the same time, energy stocks continued to be on the retreat, dragging energy-related exchange-traded funds lower on Monday.
Here are 7 ETFs You Need to Know for Tuesday.
Discussing his global market outlook Monday morning in an extended Bloomberg interview, famed contrarian investor Jim Rogers noted his support for the ProShares UltraShort Lehman 20+ Year U.S. Treasury Index ETF, TBT
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Energy stocks sold off aggressively on Monday, leaving the Select Energy Sector SPDRS, XLE
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The semiconductor sector was cited by research analysts working for Citigroup as a sector that may be likely to outperform near-term. This should draw attention to not only the Semiconductor HOLDRS, SMH
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Traders speculating on semiconductor ETFs or stocks can hedge their positions by way of inverse ETFs such as the ProShares UltraShort Semiconductor exchange-traded fund, SSG
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Jim Rogers also said that of all the commodities, agricultural commodities were among those “most depressed” on a historic basis. Traders can get exposure to agricultural commodities by way of the PowerShares DB Agricultural Index ETF, DBA
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Also benefiting from a positive research report was the telecommunications sector. Wachovia analysts suggestion that wireless subscriptions were likely to hold up during an economic slowdown, benefiting both AT&T
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