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Dion's Weekly ETF Blog Wrap

NEW YORK ( TheStreet) -- Don Dion posts his current insights on the stock, bond, commodity and currency markets in his RealMoney blog, anticipating which ETFs will be in play next.

Here are three of his blog posts from the past week:


Stock Up on PBJ

Published 10/04/2010 7:04 a.m. EDT

U.S. food companies, and those that deal heavily with the food industry, this week will deliver earnings and give investors yet another angle on the economic recovery and the U.S. consumer.

Yum! Brands (YUM) on Tuesday will give investors the first taste of food industry profits when it reports the results from its numerous divisions. Diamond Foods (DMND) also issues results Tuesday. On Wednesday, investors will get results from Monsanto (MON), Costco (COST) and Ruby Tuesday (RT). PepsiCo (PEP) follows on Thursday.

While some of these earnings reports will make more of a splash than others, the group offers valuable insight into the spending habits of U.S. consumers. The stock market may have had a blockbuster September, but has that been enough to get U.S. consumers to stock up or head back out to eat? I believe we'll be pleasantly surprised.

> > Bull or Bear? Vote in Our Poll

If the recent strength of the PowerShares Dynamic Food & Beverage ETF (PBJ) is any indication, the names that headline U.S. food companies are well on the road to recovery. This well-balanced fund is up nearly 17% year to date and nearly 22% for the one-year period ended Oct. 1. Positive earnings could help to further quicken PBJ's upward momentum and make this ETF a good play on earnings in the week ahead.

Top PBJ components include Yum! and other top companies like McDonald's (MCD), Panera (PNRA), Coca-Cola (KO), General Mills (GIS) and Heinz (HNZ). Yum! is the only major PBJ component reporting results this week.

PBJ is a good way to capitalize on a slice of the earnings reports that U.S. investors will be watching this week and for the next few weeks. Feeling bullish about food companies and the American consumer? Put a little PBJ in your pantry.

At the time of publication, Dion Money Management owned PBJ.

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SYM TRADE IT LAST %CHG
FBT $121.64 0.00%
IBB $363.70 0.00%
IHE $179.21 0.00%
PBJ $32.42 0.00%
PXQ $37.61 0.00%

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