5 ETFs to Watch for Labor Day Weekend

XLY employs a replication strategy and invests in the securities comprising the index, which includes securities of companies from a myriad of industries–media; retail; hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; auto components; distributors; leisure products; and diversified consumer services.

Source: tradingeconomics.com

4. US Global Jets ETF (NYSEArca: JETS)

According to the Airlines for America (A4A), 16.5 million passengers are expected this Labor Day Weekend, which represents an increase of 3.5% versus the previous year. JETS seeks to track the performance of the U.S. Global Jets Index.

JETS utilizes a passive management approach to track the performance of the index, which is composed of stocks in U.S. and international passenger airlines, aircraft manufacturers, airports, and terminal services companies, regardless of market capitalization size. For the past three years, JETS has returned 10.81% according to Yahoo! Finance.

5. Invesco DB Oil (NYSEArca: DBO)

The roads are expected to be as busy as the skies this Labor Day Weekend, and the average price for a gallon of gas is expected to be $2.84, which is 20 cents more than the previous year–its highest in four years, based on real-time fuel prices from tech company GasBuddy. DBO has benefitted from a rise in oil prices as a result of supply fluctuations–up 20.30% year-to-date.

DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return, which reflects the changes in market value of crude oil.

Source: tradingeconomics.com

For more market trends, visit ETFTrends.com.