This Day On The Street
Continue to site
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

This Week's ETF Winners & Losers: Energy Sapped

Exchange-traded funds tracking energy were among the decliners this week despite an extraordinarily strong week for crude-oil futures.

Crude prices gathered an enormous amount of upward momentum this week and, in quick succession, smashed past the $130 and the $135 marks before easing to a 4.6% surge at $132.19 a barrel. Amid those moves, however, oil-and-gas giants Exxon Mobil (XOM - Get Report) and ConocoPhillips (COP - Get Report) each lost ground for the week as investors ended the week with profit-taking.

The Oil Service HOLDRs (OIH) ETF was off 3.2% for the week, Energy Select Sector SPDR (XLE) sank 3%, and iShares Dow Jones U.S. Energy Sector (IYE) gave up 2%.

At the same time, concerns over rising fuel prices stuck it to transportation stocks, and the iShares Dow Jones Transportation Average (IYT) surrendered 4.2% over the past five sessions.

The SPDR S&P Homebuilders (XHB) fund, meanwhile, plummeted 12.1% over the past week. Friday saw miserable existing-home sales data come to light, with the National Association of Realtors saying the housing backlog is at a 23-year high. Also, on Thursday, the Office of Federal Housing Administration said home prices suffered their worst quarterly drop on record last quarter, according to its purchase-only house-price index.

Financial-space ETFs were also particularly hard hit in a week that saw Oppenheimer analyst Meredith Whitney predict that banks will take writedowns of at least another $170 billion by the end of next year, and that the effects of the credit crisis could linger even past 2009. Also earlier this week, The Wall Street Journal said that some banks' hedging strategies -- betting against funds tracking real estate and leveraged loans, for instance -- have backfired amid recovering U.S. shares this quarter.
1 of 2

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BAC $11.36 1.80%
C $34.98 0.00%
COP $31.88 0.00%
JPM $53.07 0.00%
MS $21.69 0.00%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs