5 ETFs to Watch This Week
First Trust Dow Jones Internet Index Fund (FDN)
As its stock price has surged to breathtaking heights, Apple (AAPL) has continued to dominate technology-related discussion. While the Cupertino-based giant remains in the spotlight, other technology players have managed to stealthily push higher as well. Year to date, Salesforce.com (CRM), Priceline.com (PCLN) and LinkedIn (LNKD) have all managed to trade in line or surpass Apple.
iShares Dow Jones U.S. Home Construction Index Fund (ITB)Last week's real estate-heavy economic calendar provided investors with a number of clues regarding the state of the battered housing industry. In looking at the recent spurt of bipolar performance seen from ITB and the SPDR S&P Homebuilder ETF (XHB), and witnessing the big earnings miss from KB Homes (KBH), it is clear that the industry is still facing hurdles. This week, more insight will be uncovered when the pending home sales report and Case-Shiller 20-city Index are released. ITB's top holding Lennar (LEN) is also slated to report earnings on Tuesday. Written by Don Dion in Williamstown, Mass.
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