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

Half of Newly Rated ETFs Earn 'Buy' Grades

NEW YORK ( TheStreet) -- Ratings initiated coverage of 13 exchange traded funds, assigning seven of them "buy" ratings.

Five earned "sell" ratings and one was labeled "hold." Six of the seven "buy"-rated funds received our highest rating, A-plus.

The highest-rated and best performing ETF among them was the Direxion Technology Bull 3X Shares Fund (TYH), which has more than tripled in the past year. This fund is triple leveraged to the daily performance of the Russell 1000 Technology Index, whose members include Microsoft (MSFT), Apple (AAPL), IBM (IBM) and Google (GOOG).

Four other bullishly leveraged ETFs that bet on precious metals or international markets earned "buy" ratings. The bearish versions of these funds earned "sell" ratings after taking massive losses in 2009. With an average daily trading volume of 517,222 in 2009, the leveraged funds were more popular than the three newly rated unleveraged funds, which averaged 7,534 shares a day.

While leveraged funds are designed for short-term trading, two of the "buy"-rated unleveraged funds are meant for long-term investors. The iShares S&P Target Date 2040 Index Fund (TZV) is intended for investors who aim to retire in 2040. It invests in other iShares funds, including those that follow the S&P 500, the MSCI EAFE indices. The other unleveraged fund, the WisdomTree LargeCap Growth Fund (ROI), was one of the best-rated equity funds last year.

Research Methodology Ratings condenses the available fund performance and risk data into a single composite opinion of each fund's risk-adjusted performance. This allows the unbiased identification of those funds that have historically done well and those that have underperformed the market. While there is no guarantee of future performance, these Investment Ratings provide a solid framework for making informed, timely investment decisions. The funds listed below have reached their one year anniversary.
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
TZV $42.77 -0.19%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs