This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

This Week's ETF Winners & Losers

Exchange-traded funds related to financials were among the best performers of a winning week, despite mixed earnings reports from key names in the sector.

On Wednesday, Merrill Lynch (MER) sank sector ETFs, following its greater-than-expected $7.9 billion writedown due to the credit crisis. The stock, however, rebounded Friday on rumors CEO Stan O'Neal would be forced out of the position.

Countrywide Financial's (CFC) rosy guidance on Friday also buoyed financial names, helping the stock to finish the week higher.

The Ultra Financial ProShares (UYG) added 5.2% to $54.79. The iShares Dow Jones U.S. Broker-Dealers (IAI) was higher by 5.1% to $53.93. The KBW Bank (KBE) ETF rose 3% to $51.02.

Energy-related ETFs were also among the winners, as crude set multiple records during the week. The December benchmark contract touched a high of $92.22 a barrel on Friday. Crude ultimately added 5.6% over the course of the week to close at $91.86.

The United States Oil (USO) added 6% to $71.17. The iPath S&P GSCI Crude Oil Index (OIL) ETF finished up 5.9% to $52.66.

ETFs tracking Internet and software stocks were also higher for the week, following strong reports from Microsoft (MSFT), Akamai Technologies (AKAM) and Apple (AAPL), among others.

The Internet HOLDRs (HHH) gained 4.3% over the five sessions to $67.28. The First Trust Dow Jones Internet Index (FDN) added 3.3% to $27.78. The iShares S&P GSTI Software (IGV) ended up 2.2% to $52.24.

On the other hand, chip-related ETFs were the week's worst decliners, following gloomy earnings releases from Texas Instruments (TXN), Broadcom (BRCM), and Altera (ALTR).

The Ultra Semiconductor ProShares (USD) ETF slipped 7.2% to $79.24. The Semiconductor HOLDRs (SMH) ETF slid 5.2% to $33.79. The PowerShares Dynamic Semiconductors (PSI) ETF was down 2.6% to $17.85.

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Try it NOW
Try it NOW
Try it NOW
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.
Submit an article to us!
SYM TRADE IT LAST %CHG
OIL $10.19 -0.59%
PSI $27.13 1.00%
UYG $146.79 2.40%
KBE $33.70 1.90%
IGV $96.90 1.20%

Markets

DOW 17,989.89 +277.23 1.57%
S&P 500 2,085.06 +24.04 1.17%
NASDAQ 4,939.4490 +48.23 0.99%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs