NEW YORK ( TheStreet) -- Here are five ETFs to watch this week.Industrial Select Sector SPDR ( XLI) XLI will be in the spotlight as six of the fund's top 15 holdings release their earnings performance reports over the course of the next week. Companies scheduled include General Electric ( GE), Honeywell ( HON), United Technologies ( UTX), Union Pacific ( UNP), Danaher ( DHR) and CSX. Although XLI witnessed an impressive run during the opening months of 2011, the fund has seen some choppy action in March and April. It will be interesting to see if earnings numbers from top holdings will be able to push the fund higher in the near term. iShares Dow Jones U.S. Technology Sector Index Fund ( GOOG) (IYW) Late last week, Google ( GOOG) kicked off the earnings season for the technology sector on a tepid note. Although the company saw strong quarterly profit growth, investors appeared more concerned with the firm's rising expenses. As a result, the firm ended the week with notable losses. Despite this less-than-favorable reaction to the search giant's report, I do not foresee long- term weakness in this industry. Nearly a third of IYW's portfolio is dedicated to these tech industry bellwethers.
Global X Silver Miners ETF ( SIL) Although gold has managed to break through previous all time highs, silver is the resource that is currently dominating precious metal-related discourse. As the white metal powers through the $42 per ounce level, analysts and market commentators are beginning to focus their attention on the $50 nominal all time highs. Worries about the state of the global economic recovery, and inflation concerns could help to push silver higher in the days ahead. Investors looking for equity exposure to this popular precious metal should turn to SIL. SPDR S&P Homebuilders ETF ( XHB) This week's economic calendar is filled with housing-related data that should provide investors with clues as to the state of the real estate industry. Despite my optimism towards the ongoing economic recovery, real estate continues to be a cloudy region of the markets. Supply concerns continue to threaten the stability of prices and it is difficult to tell when strength will return. XHB could prove interesting to watch as the markets digest data relating to new and existing home sales, housing starts, and housing prices. However, I urge investors to stick to the sidelines when it comes to the residential real estate industry. Written by Don Dion in Williamstown, Mass.
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