Dion's Tuesday ETF Winners and Losers

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

SPDR KBW Regional Banking ETF ( KRE) 1%

The financial industry is scoring gains today, lead by the smaller, regional players. FirstMerit ( FMER) is leading KRE's portfolio higher, up over 7% in early afternoon trading thanks to second-quarter profits that beat analyst expectations.

FMER is KRE's eleventh largest holding, representing 2.5% of the fund's total portfolio.

iShares MSCI Italy Index Fund ( EWI) 1.6%

The euro's strength is helping to power ETFs that track the most volatile members of the bloc higher. EWI and iShares MSCI Spain Index Fund ( EWP) are two of the strongest international-focused ETFs today.

EWI's recent strength has helped the fund recover back towards levels at the start of May. Despite this strong run, investors should continue to look elsewhere for international exposure. Europe remains a volatile area.

Market Vectors Nuclear Energy ETF ( NLR) 1.5%

The nuclear energy ETF is heading higher today with uranium miners such as Cameco ( CCJ) and Uranium One taking the lead.

Over the past few days NLR has seen a good amount of strength, driving the fund back to the highs it reached in June.

Losers

SPDR S&P Metals & Mining ETF ( XME) -3.3%

The materials industry has had a nice run the past few days as investors regain some confidence and pour back in the market. On Tuesday, however, funds such as XME, PowerShares DB Base Metals ( DBB), Market Vectors Steel ETF ( SLX) and Market Vectors Coal ETF ( KOL) are taking a breather.

PowerShares DB Precious Metals Portfolio ( DBP) -2%

ETFs designed to track the various aspects of the precious metals market are taking a shot today as well. Everything from physical gold and palladium to silver miners are treading along in negative territory as the market faces jitters.

DBP is unique because it tracks a basket of gold and silver futures contracts.

iShares Dow Jones U.S. Oil & Gas Exploration & Production Index ( IEO) -2.1%

Oil prices are steady today but it is not enough to stop funds such as IEO, iShares Dow Jones U.S. Oil Equipment & Services Index Fund ( IEZ), and Oil Services HOLDRs ( OIH) from falling lower.

Pressuring these funds is Occidental ( OXY). Although the fund reported an increase in second quarter earnings, it failed to meet analyst expectations.

All prices as of 2:15 PM EST

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was not long any equity mentioned.

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.

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