This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Dion's Weekly ETF Blog Wrap

Stocks in this article: FDX IYT XLI PEJ

Lap Up Leisure

Published 6/21/2011 2:54 p.m. EDT

I've been bullish on the PowerShares Leisure and Entertainment ETF (PEJ) for some time , as a weak dollar and recovering global economy is helping to draw both global and U.S. investors to spend more on leisure.

PEJ's holdings include firms such as Disney (DIS), Wynn Resorts (WYNN), Panera Bread (PNRA) and Yum! Brands (YUM).

In the year-long period ending June 20, the fund gained nearly 20%.

While leisure and entertainment stocks have taken a hit along with the broader market during the last four weeks, signs still exist that global consumers are alive and well.

A recent MarketWatch article highlighted recent analysts' comments regarding the Australian gaming industry.

Australians are the world's biggest gamblers, according to the article, which notes, "A report by global gaming-industry consultants H2 Gambling Capital released last month found Australians had the highest annual gambling losses in the world, at nearly 1,300 Australian dollars ($1,377) per resident". Taking note of this pocket of gambling, analysts are becoming increasingly positive about some of Australia's biggest gaming firms.

While Australia is just one locale where the thriving business of gambling seems to underscore a broader recovery, I continue to be bullish on increased consumer spending worldwide. One overlooked fund that offers access to global gaming is the Market Vectors Gaming ETF (BJK), which has outpaced PEJ so far in 2011. PEJ offers exposure to some gaming firms, but if you're a risk-tolerant investor looking to get bullish on gambling, BJK is a solid fund to consider if you're looking to make longer-term trades.

At the time of publication, Dion Money Management held no positions in any securities mentioned.

-- Written by Don Dion in Williamstown, Mass.


3 of 3

Select the service that is right for you!

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 17,961.62 +156.82 0.88%
S&P 500 2,077.60 +6.95 0.34%
NASDAQ 4,778.9480 +13.5680 0.28%

Brokerage Partners

Rates from

  • 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