This Week's ETF Winners & Losers: Energy Sapped
05/23/08 - 05:28 PM EDT
Sarina Penn
The paper cited Lehman Brothers (LEH Quote - Cramer on LEH - Stock Picks) and Morgan Stanley (MS Quote - Cramer on MS - Stock Picks) as among those hurt by that tactic. Shares of the firms plunged 17.3% and 11.4%, respectively.
The Financial Select Sector SPDR (XLF Quote - Cramer on XLF - Stock Picks) lost 6.7% since Monday; Ultra Financials ProShares (UYG Quote - Cramer on UYG - Stock Picks) tumbled 10.9%; Vanguard Financials ETF (VFH Quote - Cramer on VFH - Stock Picks) shed 5.3%; and iShares Dow Jones U.S. Financial (IYF Quote - Cramer on IYF - Stock Picks) was off 5.5%. Among suffering individual names, Dow financial components Citigroup (C Quote - Cramer on C - Stock Picks), Bank of America (BAC Quote - Cramer on BAC - Stock Picks), and JPMorgan Chase (JPM Quote - Cramer on JPM - Stock Picks), slid at least 6.2% apiece. On the lonely upside were gold-related ETFs, which gained ground for the week as futures on the metal glided higher by nearly 3% on a weakening U.S. dollar. The iShares COMEX Gold Trust (IAU Quote - Cramer on IAU - Stock Picks) and the SPDR Gold Trust (GLD Quote - Cramer on GLD - Stock Picks) have risen 2.4% over the past five sessions, and Market Vectors Gold Miners ETF (GDX Quote - Cramer on GDX - Stock Picks) is better by 0.9%.
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