ETF Outlook for Friday, February 14, 2014
iPath Dow Jones-UBS Cocoa ETN (NYSE:
It Valentines Day and chocolate will be food of choice for
many today as boxes of the sweet goodies are handed out as
presents. Investors may have paid a little more for that box of
chocolates today as demand for cocoa around the world
NIB, which tracks the futures price of cocoa is up 32 percent
in the last 12 months and is trading near a multi-year high. What
makes the move even more impressive is the fact that most other
commodities have been in severe downtrends.
iShares Dow Jones Transportation Index ETF (NYSE:
The hits just keep on coming for the airlines and other
transportation-related sectors as the inclement weather this
winter continues. In the last week over 16,000 flights have been
cancelled making it the worst situation since Hurricane
10 Things Most People Don't Know About The Debt
An independent research firm puts the losses at $150 million
in January alone for the airline industry. IYT, which is composed
of airline stocks as well as truckers, railroads, and more has
held up fairly well, but the next few weeks could be important
for the next quarter.
PowerShares Dynamic Media ETF (NYSE:
The news Comcast (NASDAQ:
) making a higher bid for Time Warner Cable (NYSE:
) sent the entire cable industry higher yesterday, helping boost
the media ETF. The top holdings of PBS include a couple cable
companies as well as TV-related stocks.
The move by CMCSA could prompt more consolidation in the
sector, which would lead to higher prices for several stocks in
the ETF. The ETF closed back above its 50-day moving average for
the first time in a couple weeks yesterday and is not looking
PowerShares DWA Momentum Portfolio ETF (NYSE:
The ETF that is composed of 100 U.S.-listed stocks is one of
the first to claw its way back to a new all-time high. The
S&P 500 remains one percent below its historic high, but PDP
charged to the best level ever yesterday. By investing in stocks
that show strong relative strength the ETF will capture momentum
and typically do well in bull markets.
However, during the recent sell-off the momentum stocks took a
big hit and many have yet to rebound to the old highs. The ETF is
most heavily invested in consumer discretionary and health care
and the mix of stocks has been able to outperform.
(c) 2014 Benzinga.com. Benzinga does not provide investment
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