Dion's Weekly ETF Winners and Losers
The market waited for the Federal Reserve to deliver its statement Wednesday and then had a brief bullish move upwards before digesting the implications. Gold and stocks traded lower, while bonds and the U.S. dollar moved higher. Oil had the extra weight of much higher than expected inventories and suffered a sizable drop.
With that in mind, here are the winners are losers for the week:
ProShares UltraShort China (FXP) +10.4%
ProShares UltraShort Real Estate (SRS) +9.8%PowerShares DB Crude Oil Double Short (DTO) +18.5% It was a down week for the market, and that means higher prices for the inverse ETFs. The best performers became the worst performers. Both FXP and SRS are below $10 a shares, even though they traded near $200 and $300 per share last fall. WisdomTree Dreyfus New Zealand Dollar (BNZ) +1.1% New Zealand surprised economists when it reported second-quarter GDP growth of 0.1% and the news sparked further buying of New Zealand dollars. It is a favorite of carry traders because of the interest rate spread vs. U.S. dollars. Traders borrow U.S. dollars and hold New Zealand dollars, collecting interest plus any appreciation in the $NZ vs. $US, which has been substantial. At $24.84, BNZ is well off its 2009 low of $16.74, set in March. iShares Barclays 20+ Year Treasury (TLT) +2.3% Whether the markets move up or down lately, the demand for Treasuries continues to depress long-term yields. Friday's 1.3% gain left TLT at its highest level since May.
LosersiShares FTSE NAREIT Retail (RTL) -9.0%
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