Monday's ETF Winners & Losers
Overseas-related exchange-traded funds were among the best performers Monday, as Asia indices jumped overnight.
Hong Kong's Hang Seng Index jumped 2.9%, and China's CSI 300 Index tacked on 0.5%. Other indices in Taiwan, South Korea and India finished higher as well.
The SPDR S&P China (GXC) was adding $3.56, or 4.8%, to $78.44. The PowerShares Golden Dragon Halter USX China (PGJ) was higher by 99 cents, or 3.8%, to $27.37. The iShares FTSE/Xinhua China 25 Index (FXI) was higher by $5.99, or 4.2%, to $149.63. The PowerShares Dynamic Asia Pacific (PUA) was up 30 cents, or 1.2%, to $26.55.
On the other hand, homebuilders and real estate ETFs were suffering after the latest data on the health of the housing sector. Shortly after the opening bell, the National Association of Realtors said existing-home sales dipped 0.2% to 5.75 million annualized units in July, but still came in higher than expectations. Still, it was the lowest level since November 2002. Meanwhile, inventories of unsold homes rose 5.1%, a 9.6-month supply.The Ultra Real Estate ProShares (URE) gave back 94 cents, or 2.1%, to $43.31. The iShares FTSE NAREIT Mortgage REITs (REM) was off 90 cents, or 2.9%, to $30.62. The Vanguard REIT Index (VNQ) ETF was down 81 cents, or 1.2%, to $68.36. Among homebuilders, the iShares Dow Jones U.S. Home Construction (ITB) was down 50 cents, or 2%, to $24. The SPDR S&P Homebuilders (XHB) gave back 44 cents, or 1.8%, to $24.74. Bundled securities tracking utilities were also on the losing side Monday. Among individual names, Exelon (EXC), FPL Group (FPL), Edison International (EIX) and FirstEnergy (FE) were all falling 2% or more. The Ultra Utilities ProShares (UPW) was falling $3.03, or 3.9%, to $75.34. The PowerShares FTSE RAFI Utilities (PRFU) shed $1.38, or 2.4%, to $56.04. The Utility HOLDRs (UTH) was lower by $3.84, or 2.7%, to $138.90. The iShares Dow Jones U.S. Utilities (IDU) was down $1.96, or 2%, to $94.38.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV