This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Dion's Wednesday ETF Winners and Losers

Stocks in this article: VXX FBT EWO

NEW YORK ( TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.



Winners

iPath S&P 500 VIX Short Term Futures ETN (VXX) 4.4%

Investors remain skittish after yesterday's gut-wrenching market drop. With fear in the forefront, investors continue to pile into the VXX, helping it recover to levels last seen in March.

Despite its impressive gains over the past two days, I am still wary of promoting VXX as a play against a nervous market.

Losers

First Trust NYSE Arca Biotech Index (FBT) -5.5%

The biotech industry is reeling after InterMune (ITMN) failed to receive FDA approval for its proposed lung drug. In after hours trading the firm dipped nearly 80% and more than completely reversed the previous gain of more than 200% in March, which came after an FDA panel recommendation. The swings highlight the huge risks of playing this industry using individual company stock.

Myriad Genetics (MYGN), another holding in FBT, was also taking a big hit on Wednesday.

Despite seeing a heavy drop today, FBT's scheduled quarterly rebalancing helped it dodge a bullet. At the end of the first quarter, ITMN accounted for more than 12% of the fund after shares jumped. Rebalancing cut the exposure and reduced the losses for the ETF.

Market Vectors Indonesia ETF (IDX) -4.2%

Indonesia's markets are suffering today after the nation's finance minister resigned and took up a post at the World Bank. Sri Mulyani Indrawati was an essential player in saving South East Asian from the global financial crisis. Tuesday's drop brings IDX below its 50-day moving average.

iShares MSCI Austria Investable Market Index Fund (EWO) -4.1%

The Austria ETF has slid along with the rest of Europe over the past two days. Wednesday's dip brings the fund close to February 2010 lows. With sovereign debt issues still fresh on investors' minds, investors should be prepared for steep drops in Europe focused ETFs.

United States Oil Fund (USO) -3.4%

Concerns regarding Greece and a strong U.S. dollar caused crude prices to dip below $81 on Wednesday, dragging USO investors lower. Aiding oil's tumble was the petroleum storage report from the Energy Information Administration. Supply increased by 2.7 million barrels vs. the expected 700,000.

All prices as of 2:16 PM EST

Don Dion is president and founder of Dion Money Management, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,422.75 +35.54 0.20%
S&P 500 2,026.68 -2.87 -0.14%
NASDAQ 4,686.5640 +5.0670 0.11%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs