This Day On The Street
Continue to site
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

Dion's Weekly ETF Winners and Losers

Positive economic data lifted equities Tuesday through Friday, culminating with positive comments from Federal Reserve Chairman Ben Bernanke. Investors forgot about the Monday plunge in stocks triggered by a selloff in mainland Chinese equities as manufacturing and housing data were helpful, but it was Bernanke saying the U.S. economy was on the cusp of a recovery that juiced stocks on Friday.

Winners

Investors moved back into risk trades this week, and that meant outperformance from emerging markets, housing and oil. There was an eclectic mix, however, as both currency and country funds vied for the top spot.

iShares Turkey (TUR) +7.2%

WisdomTree Dreyfus South African Rand (SZR) +3.7%

TUR is one of the strongest funds we track in terms of long- and short-term momentum. Similarly situated ETFs were down over the previous week or had small gains, while TUR raced ahead. I don't know whether that can last, but the fund seems impervious to the nervousness that suppressed the prices of Russia, China, India, Indonesia and Brazil ETFs.

SZR is one of the strongest currency funds since May. It corrected in the previous week, but this week's return of the bull helped lift the currency. The rand is a high-risk currency that will be volatile in either direction.

iShares Dow Jones U.S. Home Construction (ITB) +3.5%

SPDR S&P Homebuilders (XHB) +3.2%

Housing data showed sales of existing homes increased more than 7% from June to July, and this sent the housing stocks higher. It was the largest month-to-month increase on record, though data only goes back to 1999. Again, homebuilding stocks saw the largest gains, so the homebuilder-heavy ITB bested the more retail-influenced XHB.

1 of 3

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
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
XHB $35.95 1.70%
OIL $11.91 -0.25%
UNG $12.71 -0.39%
TUR $47.23 0.66%
DBO $14.98 0.33%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs