Monthly Archive: May 2011

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Financial exchange traded funds were higher Tuesday as investors awaited a stock offering from bailed-out insurance giant American International Group (NYSE: AIG), which will be priced after the closing bell. The U.S. Treasury is expected to sell 15% of its stake in AIG, Reuters reported. The Treasury owns a 92% stake in AIG after the […]

Exchange traded funds that invest in solar energy stocks benefitted from a more than 10% rally in GT Solar (NasdaqGS: SOLR) shares Tuesday after the company reported solid quarterly results. GT Solar’s fiscal fourth-quarter profit beat Wall Street estimates. However, solar ETFs have fallen sharply over the past month. “The company also guided higher for […]

The largest exchange traded fund for silver rose 2% in early trading Tuesday while the dollar weakened a bit following its recent bounce. The $11.3 billion iShares Silver Trust (NYSEArca: SLV) climbed 2.3% in premarket trade. Other ETFs for silver include ETFS Physical Silver (NYSEArca: SIVR) and PowerShares DB Silver (NYSEArca: DBS). Elsewhere in metals […]

Deutsche Bank and Invesco PowerShares on Tuesday listed a pair of leveraged exchange traded notes that let investors go long or short on the dollar versus a basket of currencies. The ETNs are designed to provide 300% long and 300% short exposure to futures contracts on the US Dollar Index. They are PowerShares DB 3x […]

Exchange traded funds that track oil prices were set to get a lift Tuesday after analysts at Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) boosted their price targets on the commodity. Goldman increased its 12-month price target on Brent crude oil to $130 a barrel and said it sees a more bullish trajectory […]

Commodity exchange traded funds have experienced outflows so far in the second quarter, while precious metals such as silver and gold have contributed to the sector’s volatility. Although volatility levels are higher than usual, some experts say the long-term trends for precious metals remain set in place. Is a commodities bubble about to burst? Analysts […]

Equity exchange traded funds pulled back in Monday’s sell-off but Krispy Kreme (NYSE: KKD) shares bucked the downtrend with a 26% rally. Stock ETFs fell sharply Monday on worries over Europe’s finances while weakness in Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX) pushed energy ETFs lower by nearly 2%. ETFs tracking U.S. stocks and […]

Financial exchange traded funds lost more than 1% in Monday’s selling as the sector ETFs fell to their 200-day moving average, a key test of support. Financial ETFs were hit by weakness in large-cap banks – Citigroup (NYSE: C) fell 2.1%, Bank of America (NYSE: BAC) dropped 1.4% and JP Morgan (NYSE: JPM) shed 1.3%. […]

A popular Nasdaq exchange traded fund fell harder than the overall market in Monday’s sell-off but the ETF’s top holding, Apple (NasdaqGS: AAPL), held up relatively well amid pressure in the tech sector. PowerShares QQQ (NasdaqGM: QQQ) was down 1.6% in recent trading but Apple shares fell less than 1%. The Nasdaq-100 ETF has corrected […]

Tom Lydon appeared on Yahoo Finance’s Breakout on Monday morning to discuss an exchange traded fund (ETF) designed to capture the market for initial public offerings following the recent blockbuster IPO of LinkedIn (NYSE: LNKD). The First Trust US IPO Index (NYSEArca: FPX) holds 100 IPOs.  Watch the Breakout video to see the full interview. […]

The bashing in copper exchange traded funds Monday highlighted investor concerns over the global economy and the debt situation in Europe. ETFs that invest in copper futures and miner stocks lost more than 3% amid the selling. The $200 million iPath Dow Jones-UBS Copper ETN (NYSEArca: JJC) was down more than 3%, as were First […]

An exchange traded fund tracking the Nasdaq-100 Index was down nearly 2% in Monday’s sell-off as concerns over Eurozone debt stalked U.S. equities. Top holdings Microsoft (NasdaqGS: MSFT) and Intel (NasdaqGS: INTC) both slipped more than 1%. Technically, PowerShares QQQ (NasdaqGM: QQQ) has been struggling at a key level as it tries to retrace losses […]

Stock exchange traded funds fell sharply Monday on worries over Europe’s finances while weakness in Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX) pushed energy ETFs lower by nearly 2%. ETFs tracking U.S. stocks and the euro fell Monday as worries over the debt problems in Europe’s periphery sapped sentiment. SPDR S&P 500 ETF (NYSEArca: […]

The iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX), which tracks futures contracts on Wall Street’s “fear gauge,” rallied nearly 5% Monday morning as the exchange traded note saw heavy volume of more than 5 million shares in the first half-hour of trading. The VIX-futures ETN jumped as stocks fell with concerns over Europe’s […]

Exchange traded funds that invest in food-sector stocks were on Monday’s news buffet after quarterly results from Krispy Kreme (NYSE: KKD) and Campbell Soup (NYSE: CPB). Krispy Kreme shares rallied 11% in premarket trading, while Campbell fell about 1% in the wake of the earnings reports. Campbell’s profit was stronger than expected but Deutsche Bank […]

Exchange traded funds that invest in gold and silver followed equities lower on Monday as markets turned their attention to Europe’s debt crisis following credit downgrades of Greece and Italy. The iShares Silver Trust (NYSEArca: SLV) fell 1.4% while SPDR Gold Shares (NYSEArca: GLD) slipped 0.5% in premarket action. Dow futures were down 100 points […]

PowerShares QQQ (NasdaqGM: QQQ) was down more than 1% in Monday’s premarket as the tech-heavy exchange traded fund followed the major stock indicators lower on European debt jitters. Top holdings in the Nasdaq-100 ETF, Apple (NasdaqGS: AAPL) and Cisco (NasdaqGS: CSCO), were also off over 1% before the opening bell. Dow futures slipped 100 points. […]

Financial exchange traded funds were set for a 1% decline Monday in the U.S. as renewed concerns over sovereign debt in Europe roiled markets. Citigroup (NYSE: C) and Bank of America (NYSE: BAC) were both down more than 1% before the opening bell. Financial Select Sector SPDR Fund (NYSEArca: XLF) fell 1% in premarket trade […]

Exchange traded funds tracking U.S. stocks and the euro were set to open sharply lower Monday as worries over the debt problems in Europe’s periphery sapped sentiment. SPDR S&P 500 ETF (NYSEArca: SPY) was down more than 1% in premarket trading as Dow futures dropped more than 100 points and the S&P 500 fell over […]

Stock exchange traded funds closed lower for the third straight week as Bank of America (NYSE: BAC) and Citigroup (NYSE: C) weighed in the financial sector. This week, investors will be looking for economic reports on new home sales, durable goods orders and pending home sales. ETFs tracking the financial sector shed more than 1% […]

Exchange traded funds tracking the financial sector shed more than 1% on Friday on lingering weakness in shares of top holdings Citigroup (NYSE: C) and Bank of America (NYSE: BAC). Financial Select Sector SPDR Fund (NYSEArca: XLF) was on track for a weekly advance heading into the session but Friday’s drop erased the gains. Citi […]

Apple (NasdaqGS: AAPL) shares and a key Nasdaq exchange traded fund have been stuck in consolidation patterns lately, but that could just be a pause for breath before the next move higher, some technical analysts say. “Innovator Apple is probably one of the most talked about members of the Nasdaq-100,” said Tarquin Coe, technical analyst […]

Stock exchange traded funds dropped Friday as Gap (NYSE: GPS) and other retailers were weak on signs that consumers are cutting back on spending and companies are feeling the pinch of rising inflation. Retail exchange traded funds were down sharply Friday while shares of Aeropostale (NYSE: ARO) and Gap fell nearly 20% after the companies […]

Retail exchange traded funds were down sharply Friday while shares of Aeropostale (NYSE: ARO) and Gap (NYSE: GPS) fell nearly 20% after the companies offered weak profit outlooks as they continue to get squeezed by higher input costs. Retail HOLDRS (AMEX: RTH) and SPDR S&P Retail ETF (NYSEArca: XRT) were down nearly 2%. Gap fell […]

Financial exchange traded funds were slightly lower Friday as investors digested news Goldman Sachs (NYSE: GS) is bracing for subpoenas from U.S. prosecutors while JP Morgan’s (NYSE: JPM) chief executive warned of the consequences of the U.S. defaulting on its debt. Reports Friday that Goldman Sachs expects to get subpoenas related to its mortgage businesses […]

Exchange traded funds that invest in Treasury Inflation Protected Securities have been stuck in a range for over two months as traders eye inflation data and Treasury yields. Last week, the government said consumer prices rose 0.4% in April as gasoline prices surged. Some investors have been using ETFs that invest in TIPS in the […]

Reports Friday that Goldman Sachs (NYSE: GS) expects to get subpoenas related to its mortgage businesses are a reminder that underperforming financial exchange traded funds continue to face regulatory uncertainty. Goldman Sachs is feeling heat for its conduct during the financial crisis following a scalding Senate panel report. A recent Matt Taibbi article in Rolling […]

Gap (NYSE: GPS) cutting its full-year outlook on higher sourcing costs was set to pressure exchange traded funds that invest in retail and consumer stocks, which have been building momentum lately. “Management expects product unit costs to be up about 20% in the back half of 2011, and that inflation will likely completely offset any […]

Stock exchange traded funds ended Thursday higher after shares of social network LinkedIn (NYSE: LNKD) more than doubled in price after launching on the New York Stock Exchange, offsetting concerns about weak economic data. An ETF that invests in initial public offerings won’t benefit from the more than 100% jump in LinkedIn shares on their […]

Investors favoring bond exchange traded funds rather than stock and commodity ETFs so far this month is a sign of waning risk appetite. The latest flows in exchange traded products “suggest that investors have begun to engage in a ‘risk-off’ trade during May,” said Deutsche Bank ETF analysts led by Shan Lan in a note […]