NEW YORK (TheStreet) -- Here are five ETFs to watch this week.
Consumer Staples Select Sector SPDR (XLP)
Earnings season continues to press on with dozens of companies scheduled to step up to the plate next week. The middle of the week will be particularly exciting for investors following the consumer staples industry with names, including Coca-Cola (KO), Philip Morris (PM), CVS Caremark (CVS) and Pepsi (PEP) on the docket.
Consumer staples are still lagging against the broader market as investors opt to venture into riskier sectors. However, in recent days we have seen some signs that the U.S. consumer is beginning to tighten its belt. As individuals cut back on their spending habits, discretionary companies responsible for producing "wants" will likely face steeper headwinds than the staple producers underlying XLP.iShares MSCI Mexico Investable Market Index Fund (EWW) The iShares Mexico ETF's top-heaviness will likely shine through this week when America Movil (AMX) reports its earnings. Carlos Slim's telecom empire dominates EWW's index, accounting for over 20% of its assets. Latin America continues to stand out as an attractive option for internationally-minded investors looking to escape the drama taking place in Europe. EWW has been on a tear in 2012, helping it recover back to heights last seen at the start of August 2011. As the fund recovers to pre-breakdown levels, it will be interesting to see if it can hold up. SPDR S&P 500 ETF (SPY) On Friday, the market was greeted to some encouraging news on the jobs front. The most recent nonfarm payroll report indicated that 243,000 jobs were added in January, far outpacing analyst estimates. In addition, the unemployment rate fell to 8.3%, the lowest reading since February 2009. February is a historically tricky month for the stock market. So far, however, the strength from January appears to be lingering. SPY is kicking off the week at 2012 highs. iShares Dow Jones U.S. Biotechnology Index Fund (IBB) The biotechnology industry's early-year strength has propelled IBB to its highest levels ever. In response to this climb, the fund has seen impressive gains in both our short- and long- term momentum rankings.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $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
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV