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.
WinnersMarket Vectors Rare Earth/Strategic Metals ETF (REMX) 2.9%
Shares of Molycorp (MCP) are surging nearly 15% today on news that the firm will form a joint venture with Japan's Hitachi. The two firms will work together to produce rare earth magnets. MCP's strength is leading the rare-earth ETF to a day of notable gains.
MCP represents over 5% of REMX's portfolio, placing it as the sixth-largest index constituent.
Market Vectors China ETF (PEK) 2.7%A broad collection of China-focused ETFs are heading higher today. Leading the pack is the Market Vectors PEK. Unlike other ETFs, which track a basket of Chinese equities, PEK utilizes derivatives in an attempt to mimic the performance of China A-Shares. While the approach is unique, the popularity of the fund has led it to disconnect from its underlying assets, resulting in a premium that currently stands at over 14%. As long as this disconnect persists, it will be difficult to predict how PEK will perform. SPDR KBW Regional Banking ETF (KRE) 2.4% The regional banks have staged a dramatic rally throughout December, resulting in KRE recovering to levels last seen in mid-May. The financial industry, as a whole, faced headwinds throughout 2010 as the threat of sweeping Washington regulation loomed. Now that the bill has been passed, it will be interesting to see how funds such as KRE fare in the new year.
LosersUnited States Natural Gas Fund (UNG) -3.2% Mild weather forecasts are wreaking havoc on the natural gas industry and causing futures-based funds, such as UNG and iPath Dow Jones UBS Natural Gas Total Return Subindex ETN (GAZ), to tumble on Tuesday. Despite the fuel's dip, however, the equity-backed First Trust ISE Revere Natural Gas Index Fund (FCG) is scoring gains, jumping 1.0% in early afternoon trading. iPath S&P 500 VIX Short-Term Futures ETN (VXX) -1.6% The ongoing economic recovery has helped power the S&P 500 to levels last seen prior to the Lehman Brothers bankruptcy. As we close in on the end of the year, it will be exciting to see if the markets can hang onto this noteworthy level.
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
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
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
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