This Day On The Street
Continue to site
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

Dion's Tuesday ETF Winners and Losers

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

Market Vectors Rare Earth/Strategic Metals ETF (REMX) 4.2%

On Tuesday morning, investors were greeted to news that China was planning to reduce the amount of rare earth metals it was planning to export in 2011 by 11%. In response to this news, industry leader Rare Element Resources (REE) took off. Early this afternoon, the firm was up nearly 15%.

Although the fund has cooled off a bit due to the sharp reversal from fellow holding Molycorp (MCP), REMX is still up considerably.

Market Vectors Junior Gold Miners ETF (GDXJ) 5%

This week is shaping up to be a jittery one as all three major U.S. indices trade in a shaky manner. Such a scenario bodes well for precious metals and the companies responsible for producing them. On Tuesday, the smaller, volatile junior gold miners were leading the industry higher. Physically backed funds such as iShares Silver Trust (SLV) were up as well.

iShares MSCI Indonesia Investable Market Index Fund (EIDO) 1.9%

Although China's markets are heading lower today, elsewhere across Asia, nations are getting a lift. Indonesia, in particular, is seeing gains today, benefiting from an optimistic deficit forecast form the nation's finance minister.

Despite today's lift, investors should continue to exercise caution when venturing into Indonesia ETFs such as EIDO and Market Vectors Indonesia ETF (IDX). The volatile nature of emerging markets may be inappropriate for risk adverse investors.

Losers

Global X China Materials ETF (CHIM) -2.6%

China's market is still struggling as investors continue to focus on the nation's decision to hike rates for fear of additional tightening measures. Materials are getting hit exceptionally hard due to concerns that economic growth could suffer.

For now, investors should use caution when venturing into this region of the globe.

Global X/Interbolsa FTSE Columbia 20 Index Fund (CXG) -2.6%

In addition to China, other emerging markets are running into headwinds on Tuesday. Columbia's markets are feeling the pressure, dipping to levels last seen at the start of the month.

GXG had a strong run-up throughout 2010. However, since early November, the fund has remained stuck below its 50-day moving average. This may be an area of interest to pay attention to in the near term.

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
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
SYM TRADE IT LAST %CHG
CHIM $20.35 0.00%
EIDO $25.71 0.00%
GXG $10.95 0.00%
GDXJ $25.68 0.00%
REMX $26.07 0.00%

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs