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5 ETFs to Watch This Week

NEW YORK ( TheStreet) - Here are five ETFs to watch this week.

iShares Dow Jones U.S. Broker-Dealers Index Fund (IAI)

NYSE Euronext (NYX) and IntercontinentalExchange (ICE) are slated to report their earnings reports this week, providing further insight into the state of the broker-dealers industry. Together accounting for over 10% of its index, these two firms' performances will influence the action of IAI in the coming days.

So far, investors have seen mixed earnings results from IAI's other major positions including Goldman Sachs (GS), Morgan Stanley (MS), Ameriprise (AMP) and CME Group (CME).

In the coming days, investors holding this fund will want to maintain a close watch. IAI is currently bumping against a level which has posed as a sufficient point of resistance since late 2009.


iShares Dow Jones U.S. Consumer Goods Index Fund (IYK)

A slew of consumer focused companies will step up to the plate this week to report their earnings. Because it tracks a well diversified index comprised of names from the consumer staples and consumer discretionary regions of the market, IYK is a strong option for conservative investors looking for a one-stop-shop way to gain exposure to the consumer's ongoing recovery.

Firms on this week's calendar include Philip Morris (PM), Lorillard (LO), Coca-Cola (KO), Pepsi (PEP), Molson Coors Brewing Company (TAP), Kraft (KFT), Hasbro (HAS), and SaraLee (SLE). Together, this collection of companies account for over 30% of the fund's index.

Market Vectors Egypt ETF (EGPT)

Egypt has been one of most closely watched corners of the globe in recent days as citizens take to the street to protest the nation's government. Although President Hosni Mubarak has promised to not seek reelection, the crowds have remained persistent, stoking concerns around the globe.

The political unrest taking place has sparked the attention of investors, who have turned to EGPT in droves in an effort to gain exposure to the Egyptian marketplace. Despite this sudden popularity, I urge investors to avoid jumping into this product. Early last week, the fund's sponsor, Van Eck, announced that share creation would be halted for EGPT, essentially turning the fund into a closed-end product and causing EGPT to develop a substantial premium.

Market Vectors Junior Gold Miners ETF (GDXJ)

Gold and gold-related ETFs have taken a backseat recently, as investors opted out of defensive plays in favor of riskier asset classes. Late last week, however, the smallest, most volatile members of the gold production industry got an M&A fueled jolt.

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SYM TRADE IT LAST %CHG
IAI $43.10 1.30%
MOO $54.10 0.99%
GDXJ $22.82 -3.22%
IYK $105.80 0.69%
BAL $42.31 -1.86%

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

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