Stock ETFs Mixed on Commodities Rebound, Greek Debt | ETF Trends

Stock exchange traded funds started the week mixed after commodity prices rose, along with worries about Greece’s debt problems.

U.S.-listed exchange traded funds that track European markets traded lower Monday following Standard & Poor’s downgrade of Greece’s credit rating and falling profit at HSBC (NYSE: HBC). [Greek Downgrade, HSBC to Weigh on Europe ETFs]

ETFs following the consumer-staples sector could get a boost to start the week following earnings from components Tyson Foods (NYSE: TSN) and Sysco (NYSE: SYY). Both firms were out with quarterly results before Monday’s opening bell. [Consumer Staples ETFs in Focus on Tyson, Sysco Earnings]

An exchange traded fund that invests in broker stocks could see elevated trading volume among specialized financial ETFs on Monday after Goldman Sachs analysts shuffled their ratings on E-Trade (NasdaqGS: ETFC) and TD Ameritrade (NasdaqGS: AMTD). [Goldman Ratings on E-Trade, TD Ameritrade to Move Broker ETFs]

Beleaguered financials ETFs are readying themselves for a reverse split in Citigroup (NYSE: C) shares. UBS Securities has issued a buy recommendation on the reversal in Citigroup’s performance, issuing a $5.60 price target objective, reports Jon C. Ogg for 24/7 Wall St. The research recommendation is noteworthy considering that most traders usually short sell, or bet against, reverse-split stocks. [Financial ETFs Prepare for Citigroup Reverse Split]

Exchange traded funds tracking silver jumped in premarket trading Monday and were set to open the week higher after dropping 26% in last week’s crash. The iShares Silver Trust (NYSEArca: SLV), the largest silver ETF by assets, rose 6% before the bell. Other ETFs that follow silver prices include ETFS Physical Silver (NYSEArca: SIVR) and PowerShares DB Silver (NYSEArca: DBS). Silver ETFs were hammered last week by higher margin requirements and a bounce in the U.S. dollar. [Silver ETFs Set for 6% Bounce After Big Drop]

The blind rush to emerging market exchange traded funds (ETFs) is slowing down as investors begin to selectively pick out potential winners from losers. The markets were pleased with the higher percentage of corporations that beat their earnings and revenue forecasts, and investors have taken this mindset to include emerging market holdings. [Investors Get Selective in Emerging Markets ETFs]

Gregory A. Clay contributed to this article.

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.