Consumers and investors are dizzy with news on stocks like Apple (AAPL) and Mattel (MAT), and the exchange traded funds (ETFs) that hold them. News buzzed around Apple’s new touch-screen iPod launch. In the same week, Apple’s decision to cut the cost of its iPhone dented the company’s stock price, reports Kevin Baker for TheStreet.com. Apple is the fourth largest holding at 10.8% in the Internet Architecture HOLDRs Trust (IAH).
Wednesday was a tough day for Mattel, as a third round of recalls added more Barbie and Fisher Price toys to a long list. While Chinese product quality should improve in the future, some say this is the time to look at Chinese stocks, or ETFs that focus on them. Chinese-focused ETFs include:
- PowerShares Golden Dragon Halter USX China Portfolio (PGJ)
- iShares MSCI Hong Kong Index Fund (EWH)
- SPDR S&P China (GXC)
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.