Thursday's ETF Winners & Losers
Exchange-traded funds tracking precious metals were among the best performers of Thursday's session, as gold futures topped $700 an ounce for the first time in four months.
Gold prices surged $13.80 to $704.50 an ounce as buyers looked for a safe haven amid news that Syria had fired surface-to-air missiles at Israeli aircraft. Silver was also on the rise, climbing 26 cents to $12.61 an ounce.
The Market Vectors Gold Miners (GDX) ETF was up $2.22, or 5.8%, to $40.70. The SPDR S&P Metals & Mining (XME) was adding $1.50, or 2.6%, to $59.38. The PowerShares DB Silver (DBS) rose 57 cents, or 2.4%, to $24.52. The PowerShares DB Precious Metals (DBP) was higher by 51 cents, or 2%, to $26.73.
The Biotech HOLDRs (BBH) was also among winners after holding Biogen Idec (BIIB) reaffirmed its full-year outlook. The company also said it expects revenue and earnings growth through 2010. Biogen was jumping more than 6%, and the Biotech HOLDRs ETF was up $2.65, or 1.6%, to $171.51.On the other hand, housing-related ETFs were among the worst decliners of Thursday's session, after the Mortgage Bankers Association released a report that said 5.1% of the loans in its survey were delinquent in the second quarter and that the number of dwellings entering foreclosure hit a record high. Subprime delinquencies rose to 14.8%, the highest since the second quarter of 2002. Following the release, the Philadelphia Housing Sector Index was off 0.5%. Beazer Homes (BZH), Hovnanian (HOV), Centex (CTX) and Pulte Homes (PHM) were all trading lower. The SPDR S&P Homebuilders (XHB) was down 27 cents, or 1.1%, to $24.09. The iShares Dow Jones U.S. Home Construction (ITB) was losing 23 cents, or 1%, to $22.79. The United States Natural Gas (UNG) was also among the biggest decliners, as natural gas prices slipped 14 cents to $5.67 per million British thermal unit. The ETF was lower by $1.11, or 3.1%, to $35.17.
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 + 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