This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Monday's ETF Winners & Losers

Exchange-traded funds tracking homebuilders and REITs were all falling hard for a second straight session Monday, as investors continued to fret about the health of credit markets.

Shares of American Home Mortgage (AHM) slid 36% before the stock was halted following word the company has filed for bankruptcy protection. On Friday, American Home Mortgage said it would slash roughly 90% of its work force.

Among REIT-related ETFs, the iShares FTSE NAREIT Mortgage REITs (REM) was dropping $2.04, or 6.4%, to $30.07. The Ultra Real Estate ProShares (URE) gave back $1.53, or 3.8%, to $38.88. The SPDR Dow Jones Wilshire International Real Estate (RWX) ETF was tumbling 84 cents, or 1.4%, to $59.05.

Homebuilders were feeling the crunch as well. Standard Pacific (SPF) was diving by 19%, while Beazer Homes (BZH), Centex (CTX), Hovnanian (HOV) and Meritage Homes (MTH) were losing 3.5% or more.

The iShares Dow Jones U.S. Home Construction (ITB) was shedding 85 cents, or 3.4%, to $24.30. The SPDR S&P Homebuilders (XHB) was lower by 77 cents, or 3%, to $24.73.

Energy-related ETFs were also getting crushed as the September front-month crude contract slid $2.18 to $73.30 a barrel. The Ultra Oil & Gas ProShares (DIG) was giving back $2.56, or 2.9%, to $85.76. The SPDR S&P Oil & Gas Equipment & Services (XES) slid $1.19, or 3.4%, to $34.20. The PowerShares Dynamic Energy (PXI) was lower by $1.09, or 3.4%, to $30.69.

On the flip side, bundled securities tracking the health care sector were among few winners to start the week. Before the opening bell, UnitedHealth (UNH) raised its guidance for 2007 following a favorable Medicare adjustment. The stock was recently up 2%.

The Ultra Health Care ProShares (RXL) was higher by $1.06, or 1.6%, to $67.18. The iShares Dow Jones U.S. Healthcare Provider (IHF) was up 81 cents, or 1.5%, to $56.56. The Health Care Select Sector SPDR (XLV) tacked on 46 cents, or 1.4%, to $34.14.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DIG $52.03 0.00%
ITB $26.62 0.00%
IHF $138.56 0.00%
PXI $46.88 0.00%
REM $11.65 0.00%

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs