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Dion’s Tuesday ETF Winners and Losers

Dion’s Tuesday ETF Winners and Losers

April 24
11:45 2012

NEW YORK (TheStreet) — Here are today’s ETF winners and losers.

Winners

iShares Dow Jones U.S. Home Construction Index Fund (ITB) 2.3%

March new home sales data came in weak, but homebuilder ETFs like ITB and the SPDR S&P Homebuilder ETF (XHB) are still scoring standout gains. Some of this strength is likely attributed to the news regarding the February report which was revised higher.

The residential real estate industry is still under a great deal of pressure. ITB and XHB are not funds I would encourage conservative investors to try their luck with.

iShares MSCI Italy Index Fund (EWI) 1.9%

After yesterday’s disappointing trading session, sellers are taking a slight breather. In response, battered funds linked to the European Union like EWI and the iShares MSCI Spain Index Fund (EWP) have been given the go-ahead to march higher. EWI has tumbled back to 2012 lows. In the days ahead, it will be interesting to see if this level holds.

iShares S&P Global Telecommunications Index Fund (IXP) 1.8%

A strong earnings report from phone giant, AT&T is helping to propel IXP and other telecommunications-focused ETFs into positive territory. This sector is typically considered a relatively safe corner of the markets, but investors should use caution with funds like IXP and the iShares Dow Jones U.S. Telecommunications Sector Index Fund (IYZ). Both products are notoriously top heavy.Energy producers are also heading higher, sending the iShares Dow Jones U.S. Oil Equipment & Services Index Fund (IEZ) to gains.

Losers

iPath Dow Jones UBS Natural Gas Subindex Total Return ETN (GAZ) -3.1%

For a third day, the premium-laden, futures-tracking natural gas ETN is heading into negative territory. The United States Natural Gas Fund (UNG) is also taking a hit, though its decline is less substantial. The latter’s losses follow a two day win streak. In the days ahead, it will be interesting to see if the fund can return to strength.

SPDR S&P Retail ETF (XRT) -2.0%

The retail ETF is heading lower, dipping below its 50-day moving average for the second time this month. In this morning’s feature, I noted that the consumer still looked attractive. Keep an eye on funds like XRT, the Consumer Discretionary Select Sector SPDR (XLY) and the Consumer Staples Select Sector SPDR (XLP).

iShares S&P North American Technology-Software Index Fund (IGV) -2.2%

The technology sector is seeing shaky action as investors prepare for this afternoon’s Apple earnings festivities. For ETF investors, the software industry-tracking IGV is taking one of the biggest hits. Number two holding, Salesforce.com (CRM), is a notable decliner. Shares of the company are off over 4% as the closing bell nears. All prices as of 2:09 PM DST >To order reprints of this article, click here: Reprints

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