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Steel and materials sector-related exchange traded funds jumped Wednesday after Bank of America/Merrill Lynch upgraded United States Steel (NYSE: X) and Nucor (NYSE: NUE) to better-than-expected guidance. Among the best performing ETFs of Wednesday, the VanEck Vectors Steel ETF (NYSEArca: SLX) rose 3.9% and was testing its short-term, 50-day simple moving average. SLX includes a 7.0% […]

Global mining stocks and sector-related exchange traded funds plunged Monday over Chinese growth concerns after the emerging economy revealed weak trade data. The broad iShares MSCI Global Metals & Mining Producers ETF (NYSEArca: PICK) dropped 5.8% Monday. Additionally, the more focused VanEck Vectors Steel ETF (NYSEArca: SLX) plunged 7.2%, VanEck Vectors Gold Miners ETF (NYSEArca: GDX) […]

As markets move toward the late-cycle phase of the normal business cycle, investors should look to areas like the materials sector and related exchange traded funds (ETFs). With the economy recovery maturing, the materials sector, which is closely tied to the prices of raw materials, have traditionally done well as inflation rises and late-cycle economic […]

China layoffs could provide relief to global steel industry, sector-related ETFs 1.8 million workers in the coal and steel industries may be laid off China, which produces half the world’s steel, exported a record 112 million tons of steel in 2015 China recently announced the largest layoff in history as part of a shifting economic model […]

The markets have been through a bumpier ride this year, with an uneven performance between sectors and related exchange traded funds. Consequently, investors may now find bargains in some areas of the market after the recent selling pressure, but there are some growth-oriented stocks that also look more expensive. Morningstar‘s director of global ETF search, […]

The steel industry exchange traded fund may continue to slide as iron ore prices crumble over the short-term before finding strength later this year. The Market Vectors Steel ETF (NYSEArca: SLX) was up 1.4% Tuesday but is still down 3.1% year-to-date. Morgan Stanley analyst Joel Crane predicts that the steel-making raw material will see prices […]

In somewhat quiet fashion, the $135.2 million Market Vectors Steel ETF (NYSEArca: SLX) has surged 17.3% over the past three months. That does not mean the run is over for steel stocks. In a research note published Tuesday, UBS analysts sounded a reserved, but optimistic tone on some steel names, noting that “steel demand is […]

If one focused his/her attention solely on year-to-date performance, he/she might eschew foreign stock ETFs altogether. With the S&P 500 SPDR Trust (SPY) and the iShares S&P Mid-Cap 400 (IJH) garnering 18% and 22% respectively, who needs to dabble in emerging markets? After all, Vanguard Emerging Markets (VWO) registered a dismal 9-month showing of -8%. […]

Materials and mining ETFs have turned in some impressive performances in recent weeks and the list of winners runs the gambit from a downtrodden coal fund to volatile gold and silver mining ETFs. Do not forget about steel. Lost in the commotion surrounding activist investors taking in stakes in stocks found in ETFs such as […]

As the global economic engine slows, weaker demand for steel has weighed on the exchange traded fund that track global steel producers. The Market Vectors Steel ETF (NYSEArca: SLX) dropped 6.2% over the past week. The fund is down 18.6% over the past three months. China Steel Corp, the country’s only integrated steel producer, cut […]

As we continue to ride the rally, stocks are looking fairly valued. Nevertheless, the markets are not perfectly efficient, and investors can still find some relatively cheap exchange traded fund bargain picks. ETFs have to disclose holdings every day, which has allowed one investment research firm to quickly evaluate an ETF’s equity holdings with their […]

Market Vectors Steel ETF (NYSEArca: SLX) is down 6% year to date on global oversupply of the commodity and concerns over China’s slowing economy. “Analysts have a dismal outlook for the industry for the remainder of the year despite China’s stealth building plans and global central banks printing money,” reports Trang Ho at Investor’s Business […]

China is one of the top steel-consuming countries due to infrastructure development, but it can supply most of its demand with domestic production. Rather, iron ore producing countries and base metal focused exchange traded funds would take a harder hit if steel demand softens in China. “To identify the repercussions of cooling fixed-asset investment here, […]

The fortunes of the steel industry have long been tethered to the whims of global economic growth and demand. However, the industry, along with exchange traded funds that track steel producers, is beginning to show less reliance from the demand side as producers begin to better manage and adjust their production. ETF analyst Robert Goldsborough […]

Exchange traded funds tracking the steel industry buckled after BHP Billiton executive said China, the largest steelmaker, is starting to focus more on consumer spending and less on building projects. Market Vectors Steel Index ETF Fund ETF (NYSEArca: SLX) lost over 2% Tuesday and the Powershares Global Steel Portfolio ETF (NYSEArca: PSTL) was about 1% […]

Steel was one of the worst-performing commodities in 2011, however, the beaten down industry could be a solid investment going into the new year. Exchange traded funds can be a good choice since they offer a handful of steel focused companies, helping to alleviate single company risk. “In 2011, the steel industry has been hit […]

Hard-hit mining stocks rallied last week along with precious metals exchange traded funds after the sector suffered through a bleak 2011. Market Vectors Gold Miners ETF (NYSEArca: GDX) and Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) are both higher over the past five trading days, gaining 5.3% and 8.3%, respectively. Global X Silver Miners […]

We have spent some time in past recaps discussing metals exchange traded funds including platinum, gold, silver and copper for instance. Today we analyze the two ETF choices in the steel space, as they are both structured to deliver exposure to equities that are involved in the production of steel and steel products, as well […]

Stronger third quarter earnings have boosted the steel sector and solidified the uptrend for the exchange traded fund Market Vectors Steel Index Fund (NYSEArca: SLX). U.S. Steel (NYSE: X), the nation’s largest steelmaker, has posted two consecutive quarters for profit. “The stocks are up because of the good economic news,” Michelle Applebaum, analyst with Steel […]

Basic materials shares and exchange traded funds (ETFs) took a dive on Thursday, as a preliminary gauge of China’s manufacturing report indicated a slower growth rate. The Market Vectors Steel Index Fund (NYSEArca: SLX) plunged almost 9% on Thursday due to the negative global market sentiment. The fund was slightly up 0.52% last check Friday. […]

The folks at Bespoke Investment Group have been kind enough to provide a list this week of the most oversold exchange traded funds measured by distance from the 50-day moving averages. Ever since S&P announced its downgrade on U.S. debt, followed by growing concern over the Eurozone, more and more negative news has been in […]

Exchange traded funds that invest in the steel industry have been trending lower in 2011 after peaking in February, but investors are hoping quarterly results from a sector bellwether can provide support to the ETFs. Steel Dynamics (NasdaqGS: STLD) reports second-quarter results after Monday’s closing bell, and analysts want to see if the company can […]

Last week, Indian company, Tata Steel Ltd. (NYSE: TATA) posted earnings which exceed analysts expectations. Does this indicate that steel stocks and exchange traded funds (ETFs) have room to build up? Fourth quarter profit for Tata Steel was up 72%, after they sold their U.K. unit and the outlook for raw materials costs at a […]

Exchange traded funds (ETFs) recorded a second day of robust gains Friday as investors tried to measure the risks from violence in Libya and Japan’s ongoing crisis heading into the weekend. The Japanese yen fell against the U.S. dollar on Friday by the most since September after the Group of Seven nations agreed to take […]

Supply and demand are the basic fundamentals for any industry, but as the iron ore industry heats up, steel could be in favor.  What factors are leading to a demand for steel and steel-related exchange traded funds (ETFs)? As emerging markets begin to ramp up again, and the rebuilding of Japan gets underway, the demand […]

Steel exchange traded funds (ETFs) have cooled off since their stellar 2010. The fundamentals of supply and demand, however, could once again save the day. David Fessler for Investment U reports that iron ore prices are surging, and they could continue to do so for the foreseeable future. There’s not nearly enough of iron ore […]

Although steel companies are posting quarterly losses, that’s not dampening the bullish outlook for steel exchange traded funds (ETFs). Both U. S. Steel Corp. (NYSE: X) and AK Steel (NYSE: AKS) are looking at their eighth consecutive quarterly loss, however, this year could paint a vastly different picture. [Coal ETFs: Can They Hang Onto Gains.] […]

Base metals, precious metals exchange traded funds (ETFs)…the stars of 2010 are nearing dud territory in the first month of 2011. Analysts, however, say that won’t be the case for much longer. Metals ETFs such as ETFS Physical Palladium (NYSEArca: PALL) and PowerShares DB Base Metals (NYSEArca: DBB) have faltered in the early part of […]

Coal exchange traded funds (ETFs) are on the winning end as cold weather hammers the East coast and floods plague the land down under. It’s a perfect storm…for Market Vectors Coal (NYSEArca: KOL) and PowerShares Global Coal (NYSEArca: PKOL), both of which are up more than 5% as a host of factors threaten the coal […]

The World Cup not only draws the world’s attention on a single country, it also provides a nice boost in economic activity. Now that Russia and Qatar will be hosts to the world’s largest sporting event, exchange traded funds (ETFs) may become enriched by their successful hosting bids. The impact was immediately felt in Russia: […]