TradingMarkets 7 ETFs You Need to Know for Tuesday
Financial stocks were the stars of trading on the first day of a holiday-shortened trading week, with the Citigroup bailout buoying regional banks in particular. Coal stocks and retailers were also among the stocks moving higher on Monday. A number of retail stocks announce earnings on Tuesday and, with regards to coal, many stocks in this group gained on increased interest from investors such as George Soros.
Here are 7 ETFs You Need to Know for Tuesday.
Think that financial stocks have bottomed and are ready for some upside? The SDPR Select Financial Sector ETF, XLF
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Specifically within the financial sector, regional banks were among the top performers in the wake of the Citigroup bailout announcement. Traders can get specific exposure to this sector through exchange-traded funds like the SPDR KBW Banking Index ETF, KRE
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Coal stocks were dramatically higher on Monday as a number of famous investors were reported to have made investments in the sector. Believe it or not, there is an exchange-traded fund, the Market Vectors Coal ETF, KOL
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Talbots
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Gold closed above $800 for the first time in a month on Monday. Traders looking to add precious metal exposure to their portfolios turn to the SPDR Gold Trust ETF, GLD
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