Skip to main content

Dion's Thursday Winners and Losers

The gold and palladium ETFs were rising as the market slumped again today.
  • Author:
  • Publish date:

NEW YORK (TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.

Winners:

Market Vectors Junior Gold Miners

(GDXJ) - Get VanEck Junior Gold Miners ETF Report

+3.0%

Precious metals, most notably gold, have enjoyed a leg-up on markets with reasonably stable growth since mid to late July. Both miners and physically backed funds are up today, rebounding from yesterday's slight losses.

iShares Comex Gold

(IAU) - Get iShares Gold Trust Report

is up 1.2%.

ETFS Physical Palladium Shares

(PALL) - Get abrdn Physical Palladium Shares ETF Report

+ 1.2%

On the whole, precious metals have outperformed throughout the day; however, palladium's success, in conjunction with its common use within the industrial sector, speaks well for the recovering economy as a whole.

Market Vectors Agribusiness ETF

(MOO) - Get VanEck Agribusiness ETF Report

+1.2%

Accelerated demand for wheat and supply destruction (triggered in part by drought and climatic uncertainty in Russia) has led to a steep price increase for wheat as a commodity. This in turn has contributed to the recent success of agri-funds.

Scroll to Continue

TheStreet Recommends

PowerShares DB Agriculture

(DBA) - Get Invesco DB Agriculture Fund Report

, yet another agricultural product, is up 1.7% today.

Losers:

iShares S&P North American Technology-Multimedia Networking

(IGN) - Get iShares North American Tech-Multimedia Networking ETF Report

-3.7%

The tech sector has been hit pretty hard today and this networking fund has suffered, mostly due to CSCO's less-than-spectacular earnings reports. However, as I have mentioned in a

recent article

, short-term fluctuation shouldn't detract from IGN's potential for long-term success.

SPDR S&P Semiconductor

(XSD) - Get SPDR Semiconductors ETF Report

-1.6%

Markets have not been kind to the semiconductor industry, as XSD dropped lower and lower each day this week, plus the wide-reaching effects of CSCO are felt even in this fund.

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was long iShares Comex Gold.

Don Dion is president and founder of

Dion Money Management

, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.