This Week's ETF Winners & Losers
03/30/07 - 04:56 PM EDT
Bundled securities tracking the energy sector were some of the best performers for the week. The May crude contract jumped $3.59, or 5.8%, over the five sessions to finish at $65.87 a barrel.
The United States Oil(USO Quote - Cramer on USO - Stock Picks) ETF added 5.7% to $53.44. The iPath Goldman Sachs Crude Oil Index(OIL Quote - Cramer on OIL - Stock Picks) ETF rose 5.6% to $39. ETFs tracking metals and mining were also among the week's winners. Gold futures finished the week with a gain of nearly 1%, and silver futures rose 1.7% over the five sessions. For the week, the iShares Silver Trust(SLV Quote - Cramer on SLV - Stock Picks) was higher by 1.8% to $133.50. The streetTRACKS Gold Shares(GLD Quote - Cramer on GLD - Stock Picks) ETF added 1% to $65.78. The iShares Comex Gold Trust(IAU Quote - Cramer on IAU - Stock Picks) tacked on 0.9% to $65.83. On the flip side, housing-related ETFs were sharply lower for the week. On Monday, the Census Bureau said that sales of new dwellings unexpectedly fell 3.9% in February. Elsewhere, homebuilder Lennar(LEN Quote - Cramer on LEN - Stock Picks) said Tuesday its first-quarter earnings slumped year over year, and it backed off the earnings target it had provided in January. Then on Wednesday, Beazer Homes(BZH Quote - Cramer on BZH - Stock Picks) said it has received a request for documents from the U.S. attorney, who has started a criminal investigation in to its lending. The iShares Dow Jones U.S. Home Construction(ITB Quote - Cramer on ITB - Stock Picks) ETF lost 7.3% at $34.15. The SPDR Homebuilders(XHB Quote - Cramer on XHB - Stock Picks) ETF was lower by 6.2% for the week to $32.55. Bundled securities following semiconductors were also losers for the week. Among individual names, Texas Instruments(TXN Quote - Cramer on TXN - Stock Picks) fell 4% for the week. National Semiconductor(NSM Quote - Cramer on NSM - Stock Picks) eased 2.3%. Fairchild Semiconductors(FCS Quote - Cramer on FCS - Stock Picks) was off 1.4%. Intel(INTC Quote - Cramer on INTC - Stock Picks) finished down 0.7%Featured Photo Galleries
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