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
TheStreet Open House

5 ETFs to Watch This Week

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

PowerShares DB U.S. Dollar Index Bullish Fund (UUP)

The U.S. dollar received some welcomed strength during the second half of last week as jittery market action drove investors to safety. Further aiding the greenback's ascension were comments from Fed Chairman Ben Bernanke. At Wednesday's press conference, Bernanke continued to write off the likelihood of seeing additional quantitative easing.

QE2 is scheduled to end on June 30. The anticipation leading up to this date, combined with general market turmoil could result in some interesting action from dollar-tracking UUP in the days ahead.

iShares MSCI Italy Index Fund (EWI)

Although investors have spent much of the past few weeks clamoring over Greece's debt woes, it is important to remember that Greece is not the only member of the European Union facing substantial headwinds.

Italy is another EU player facing hurdles. Last Friday, a collection of Italian financial institutions took big hits following a report that Moody's had placed the nation's debt on review for a possible downgrade.

EWI is vulnerable to shakeups in the nation's banking industry. Financials represent nearly 30% of EWI's index, making it the fund's largest sector component.

United States Oil Fund (USO)

The futures-tracking USO tumbled to previous 2011 lows last week following reports that the International Energy Agency is planning to release a combined 60 million barrels of crude oil, including 30 million barrels from the U.S. Strategic Petroleum Reserve.

In the days ahead, it will be interesting to see how USO, United States Brent Oil Fund (BNO) and United States Gasoline Fund (UGA) fare. These futures-backed funds are best watched fund the sidelines, however. I have long urged energy-hungry investors to opt for equity-backed funds like iShares Dow Jones U.S. Oil Equipment & Services Index Fund (IEZ) over futures-backed products like USO.

Market Vectors Agribusiness ETF (MOO)

In the middle of the week, seed giant Monsanto (MON) will report its earnings and outlook for the coming months. ETF investors looking to target the firm should look to MOO because MON is the fund's second largest holding, accounting for over 7% of its portfolio.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,131.97 +100.83 0.59%
S&P 500 1,998.98 +14.85 0.75%
NASDAQ 4,552.7590 +33.8570 0.75%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs