Here are some notable ETFs worth taking a look at for Friday,
October 11, 2013.
PowerShares Media ETF (NYSE:
On Thrusday, John Malone of Liberty Media (NASDAQ:
) made comments regarding the television industry and it sent the
sector higher. He mentioned the monetization possibilities and he
believes there are new forms of content distribution out
The ETF has several television/cable companies in the top ten
holdings and benefited from Malone's comments. The ETF has been
one of the strongest and most consistent of the sector ETFs and
it appears that trend will continue.
iShares U.S. Financials ETF (NYSE:
Before the opening bell today, Wells Fargo & Co (NYSE:
) and JP Morgan Chase (NYSE:
)will report quarterly earnings. It will be the first look into
how the large U.S. financial stocks performed last quarter.
The news should have an affect on the sector as well as the
overall market. With WFC being the number two holding and JPM a
top holding of IYF, expect the ETF to trade in the direction of
iShares MSCI Poland Investable Market ETF (NYSE:
Take this fact to your happy hour after work today. Ask which
country ETF hit a new multi-year high this week? Well of course
the answer is Poland. EPOL was up 4.6 percent on Thursday to
close at the best level in two years. The country was able to
avoid the major Western Europe financial crisis a few years ago
and has also sidestepped the most recent emerging market
The country is expected to grow by two percent in 2013, three
percent in 2014, and meet its long-term growth rate of four
percent going forward. The ETF is up two percent in 2013, lagging
its peers and has more upside potential. Its competitor is the
Market Vectors Poland ETF (NYSE:
), which is up five percent this year.
ProShares UltraShort S&P 500 (NYSE:
When investors panic and they make emotional decisions the
first move is typically not the smartest choice. The fear spiked
yesterday for investors and a large number turned to leveraged
inverse ETFs to product their portfolios. The extremely popular
SDS is often the ETF of choice and once again the emotional
decision was the wrong option.
The ETF was down 4.3 on Thursday as the market rallied. It
will be interesting to see if the ETF can bounce back and the
market gives back some gains today. Keep an eye on SDS, but at
the same time proceed with caution for all leveraged and short
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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