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!

Five ETFs to Watch This Week

Stocks in this article: UGA EWC GAZ IAU SCIF UNG

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

United States Gasoline Fund (UGA)

For months, Europe has commanded investor attention and dominated market-related discourse. With Greece at last gaining approval for its sought-after bailout funding, however, the region's debt woes seem to have suddenly fallen off the radar. In its place, rising fuel prices have taken center stage.

It is not unusual to see crude oil prices increase during improving market conditions. The rally, however, has been magnified as tensions mount with Iran and the global markets express concerns about a supply shock. Although pump prices have only recently begun stealing headlines, the futures-backed UGA has been on a tear throughout 2012, rising over 15%. The fund is flirting with last year's highs.

iShares MSCI Canada Index Fund (EWC)

Wal-Mart (WMT) marked the ceremonious end to earnings season, but this week's schedule is far from clear. On the contrary, a variety of companies across the market spectrum will step up to the plate to provide insight into how they fared over the past quarter and lay out their expectations for the coming months.

The Canadian financial system will be of particular interest in the days ahead as Toronto-Dominion Bank (TD), Royal Bank of Canada (RY), Bank of Montreal (BMO) and National Bank of Canada release reports. Banking institutions play a major role in driving EWC's action, with the financial sector accounting for nearly a third of the fund's portfolio.

In addition to the earnings-related action, Canada is also slated to release its quarterly GDP report at the end of the week.

iPath Dow Jones UBS Natural Gas Subindex Total Return ETN (GAZ)

Natural gas has become wildly popular as investors have attempted to position their portfolio to benefit from rising energy prices. While this uptick in popularity is encouraging for those who have watch funds like the United States Natural Gas Fund (UNG) tumble for years, the reversal in sentiment has produced new challenges for some products.

The futures-tracking GAZ ETN has quickly become too big for its britches. With investors piling into the product, it has broken away from its underlying assets, resulting in a staggering premium that reached as high as 80% during the start of last week. It has since fallen considerably, but investors should still steer clear. Those left holding the fund when the premium is wiped out will be in for a gut-wrenching ride.

1 of 2

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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