Winners & Losers

Wednesday's ETF Winners & Losers

 

Housing- and real estate-related exchange-traded funds were surging during Wednesday's winning session, one day after the Federal Reserve said that the correction in housing is ongoing but that the economy is likely to expand at a moderate pace.

Individual names were jumping. Hovnanian (HOV) soared 19%, and Toll Brothers (TOL), D.R. Horton (DHI), Centex (CTX) and KB Home (KBH) were all higher by 5% or more.

The iShares Dow Jones U.S. Home Construction (ITB) was rising $2.07, or 7.8%, to $28.63. The Ultra Real Estate ProShares (URE) climbed $2.42, or 5.7%, to $45.22. The SPDR S&P Homebuilders (XHB) was adding $1.54, or 5.9%, to $27.87.

Bundled securities tracking Asian markets were also jumping after several indices gained ground overnight. Hong Kong's Hang Sang rose 2.9%, the Nikkei Index added 0.6% and Tokyo's Topix Index gained 0.5%.

The iShares FTSE/Xinhua China 25 Index(FXI) was gaining $5.87, or 4.5%, to $136.14. The iShares MSCI Singapore Index (EWS) was higher by 59 cents, or 4.6%, to $13.50. The SPDR S&P China (GXC) was recently up $3.08, or 4.5%, at $71.56.

ETFs tracking regional banks were notching another strong session. Among individual names, Washington Mutual (WM), Valley National Bancorp (VLY), Colonial Bancgroup (CNB) and PNC Financial Services (PNC) were all gaining 3% or more.

The KBW Regional Banking (KRE) ETF was higher by $1.75, or 4.1%, to $44.50. The iShares Dow Jones U.S. Regional Banks (IAT) added $1.04, or 2.3%, to $47.25.

On the other hand, bundled securities following U.S. Treasuries were among the few losers of the day, as traders made their way out of bonds and back into equities.

The 10-year note was down 18/32 in price, yielding 4.84%, and the 30-year bond was tumbling 1 1/32, yielding 5.00%.

The iShares Lehman 20+ Year Treasury Bond (TLT) was down 91 cents, or 1%, to $86.31. The iShares Lehman 7-10 Year Treasury Bond (IEF) fell by 50 cents, or 0.6%, to $81.80. The SPDR Lehman Long Term Treasury (TLO) was lower 27 cents, or 0.5%, to $50.48.

>To order reprints of this article, click here: Reprints

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet