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By: Billy Fisher
Contributor, Stock Traders Daily
(La Jolla, CA)
As major equity indexes have continued to trend higher
over the past week, there have been seve ral
sectors that have stood out. Exchange traded funds
focused on these sectors have moved up the charts
accordingly. Of the 850 ETFs tracked by MSN Money, here
are 4 of the top gainers over the course of the past
week.
Warning:
Recent strong Increases may reverse. Pay very close
attention to the reports for each of these companies.
They include integrated risk controls.
With a 19.8% return in just the past week alone, the
Ultra Real Estate ProShares Fund (NYSE:
URE)
has been among the best performers during this time
period. Designed to return investors twice the daily
performance of the Dow Jones U.S. Real Estate Index, URE
is heavily concentrated in commercial REITs.
This ETF has performed surprisingly well despite the
fact that commercial property sales are forecasted this
year to be at their lowest level since the savings and
loan crisis in the early 1990s. Based on the trailing
twelve months, the fund has a dividend yield of 10.7%.
Another unlikely high-flyer in recent days has been the
United States Natural Gas Fund (NYSE:
UNG).
Designed to track the price movements of natural gas
futures, this ETF has surged 13.7% in the past week. UNG
got a boost last week when the Energy Department
reported that natural gas inventories had experienced a
smaller-than-expected increase.
It will be interesting to see if natural gas can
continue this impressive run. UNG has seen a great deal
of speculation recently and it faced a surge in short
interest as the month of August came to a close.
Seeing Green
The broad based rebound in commodity prices has
benefitted the Ultra Basic Materials ProShares Fund
(NYSE:
UYM)
which has risen 13.1% over the course of the past week.
This ETF has been helped by inflationary concerns which
launched the price of gold over $1,000 an ounce last
week.
Clean energy has also been making waves as a coalition
of Western companies said last week that in the future
it can envision a $500 billion to $1 trillion market
annually for clean technology in China. The Claymore/MAC
Global Solar Energy Fund (NYSE:
TAN)
has risen 11.1% during the past week.
The fund’s top holding, First Solar (Nasdaq:
FSLR)
has been trending downwards since breaking above $200
per share in the spring. The stock was downgraded by
Soleil before the market
open yesterday, but has since experienced a strong
rebound in its share price.
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In 2008, Kee’s Stock of the Week selections returned
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