NEW YORK (TheStreet) -- Here are five ETFs to watch this week.
Market Vectors Agribusiness ETF (MOO)
Food prices have run into headwinds as looming economic turmoil has weighed heavily on investor confidence in the global growth picture. In November, this factor has caused the futures-tracking PowerShares DB Agriculture Fund (DBA) to retreat to previous 2011 lows, returning all of the gains in October.
The global pressure has had less of an impact on the equity-backed MOO. Over the past month, this product has managed to pull ahead and maintain a comfortable lead over DBA. The shortened week ahead will be an important one for MOO with top holding Deere (DE) slated to report earnings on Wednesday. Representing more than 7% of the fund's index, the firm's performance and future outlook will likely play a major role in directing its mid-week action.iPath S&P 500 VIX Short Term Futures ETN (VXX) Investors need to be on their toes in the days ahead as the shortened holiday trading week could help to magnify the volatility that is already evident in this market environment. Thanks to four consecutive days of gains during the middle of the week, the VIX managed to recover back above its 50-day moving average. VXX and other fear-tracking ETNs have managed to follow suit. SPDR S&P Retail ETF (XRT) The U.S. marketplace is open on Friday. However, many will likely find themselves at their local malls at the end of the week as Black Friday kicks off the holiday shopping season. Investors looking to take advantage of the retail names that will benefit from this consumer-friendly season should turn their attention towards XRT. With Cyber Monday has increasingly become a holiday season staple, another ETF to keep an eye on is the First Trust Dow Jones Internet Index Fund (FDN). As Black Friday festivities spill over into the following workweek, top FDN components such as Amazon (AMZN), eBay (EBAY) and Google (GOOG) could be interesting to watch. Guggenheim Solar Energy ETF (TAN) Heading into the middle of November, the solar energy sector was showing some signs of stabilization. Unfortunately, as Europe's economic turmoil fell back into focus, the industry succumbed to selling pressure and both TAN and Market Vectors Solar Energy ETF (KWT) have retreated to previous all-time lows.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV