Dion's Thursday 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.
iShares Barclays 20+ Year Treasury Bond Fund (TBT) 3.2%
Although the U.S. markets are stuck in negative territory, investors are still showing confidence in the economic recovery. A batch of optimistic macro data appears to be leading investors away from long-term U.S. Treasuries in an effort to position for strength. This in turn is aiding TBT.
United States Natural Gas Fund (UNG) 2.2%Natural gas prices are seeing a slight lift after an optimistic storage report from the Energy Information Administration. According to the report, supplies saw a larger than expected draw down over the past week. Looking to the coming weeks, natural gas investors will want to keep a close watch on the skies. Weather forecasts tend to heavily influence the day to day price action of this fuel source. SPDR S&P Retail ETF (XRT) 1.2% Retail is one of the few sectors of the market seeing notable gains today, helping XRT and the Retail HOLDRs (RTH) lock in gains. The upward action from XRT comes shortly after the fund slipped below its 50-day moving average for the first time since September. XRT remains a fund on my radar. It will likely be interesting to watch as consumers continue to stage a recovery.
LosersGlobal X Silver Miners ETF (SIL) -4.3% Metals of all types a heading lower today, pressured by the general down markets and fears that China will take steps to cool its markets. Leading the way lower are silver and silver miners. Other metals-related products seeing poor performance today include the Global X Copper Miners ETF (COPX) and PowerShares DB Base Metals Fund (DBB). PowerShares Dynamic Networking Portfolio (PXQ) -3.9% F5 Networks (FFIV) is tumbling today, falling over 20% as a result of weak earnings. This company is placing heavy pressure on the PowerShares networking ETF which lists the firm as one of its top holdings, accounting for over 5% of its total portfolio. Other top PXQ holdings including Juniper Networks (JNPR), Qualcomm (QCOM) and VMWare (VMW) are heading lower as well.
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