ETF Outlook for the week of June 16, 2014
First Trust U.S. IPO Index ETF (NYSE:
This week will see the introduction of 14 new IPOs that will
begin trading. The biggest name is Markit Ltd. (NASDAQ: MRKT), a
financial information company based in the U.K. The total number
of IPOs will rise to 124, a 57 percent increase over last year at
the same time.
The IPOs do not immediately make their way into the FPX
portfolio, but many will be added in the future rebalancings.
) remains the ETFs largest holding in the ETF with a 9.4 percent
iShares Dow Jones U.S. Medical Devices ETF (NYSE:
The rumors have proven true as Medtronic (NYSE:
) is buying medical equipment peer Covidien (NYSE:
) for $42.9 billion. Both stocks fall into the top five holdings
for IHI, making up a combined 17 percent of the portfolio.
iPhone No Longer Barrier To Bitcoin Adoption
There is no doubt that the ETF and entire health care sector
will be on the move tomorrow regardless if the deal is made
official. Rumors alone can move stocks and entire sectors.
SPDR S&P Homebuilders ETF (NYSE:
On Wednesday the May housing starts are released and they are
expected to fall to a 1.04 million pace from one month earlier.
The homebuilding stocks and the secondary plays will be on the
move after the number is released.
A better than expected reading could send the ETF to retest
the multi-month high set earlier this month. The ETF is currently
in the midst of a four-session losing streak heading into the new
WisdomTree Middle East Dividend ETF (NYSE:
The tensions in Iraq have escalated over the weekend and this
has pushed the price of Brent Crude oil higher by nearly a
dollar. Stocks in the region have held up well thus far, but
investors may start to worry as it appears there is no end in
sight to the violence.
GULF does not own any companies based in Iraq but it does have
exposure to the region with the majority of the portfolio in
Qatar, U.A.E., Kuwait, and Egypt. The ETF had a great start to
the year before slowing the last couple of months.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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