ETFs To Watch November 16, 2009 (EWJ, IYT, GDX, UDN, XLP)
Here is the ETF Professor's ETF Watchlist for November 16, 2009.
Japan issued a surprising GDP, showing its economy grew 4.8% in the third quarter, well above the 2.7% economists were expecting. The ETF plays are the iShares MSCI Japan Index (NYSE: EWJ) and the SPDR Russell/Nomura Small Cap Japan ETF (NYSE: JSC).
The Professor thought it was interesting that a recent ETF report on short interest showed consumer staples ETFs sport massive interest, so watch the Consumer Staples Select Sector SPDR (NYSE: XLP).
Barron's issued a bullish report on FedEx (NYSE: FDX), so it might be worth watching the iShares Dow Jones U.S. Transportation (NYSE: IYT) in addition to FedEx shares.
Barron's also spoke glowlingly of ExxonMobil (NYSE: XOM) and that stock comprises nearly 20% of the Energy Select Sector SPDR ETF (NYSE: XLE).
The dollar should continue to make headlines and probably negative ones at that. Watch the PowerShares DB US Dollar Index Bearish (NYSE: UDN).
High yield bond ETFs have been getting some attention lately. Check out the iShares iBoxx High Yield Corporate Bond ETF (NYSE: HYG).
Let's make our financial play the Vanguard Financials ETF (NYSE: VFH).
The Market Vectors Gold Miners ETF (NYSE: GDX) continues to move higher. Put it on your list.
