ETFs For Occupy Wall Street
The Occupy Wall Street protests are still going strong and they've spread from New York to other major metropolitan areas throughout the U.S. There's even an Occupy Wall Street Facebook page. Now, thanks to our friends at Minyanville, there's an Occupy Wall Street Index.
"The Occupy Wall Street Index" tracks the stock-market performance of nine companies that represent issues the Occupy Wall Street protesters are standing against, according to a statement issued by Minyanville.
The nine companies are equal-weighted in the index and have been tracked as of September 16th, the last trading day before the protests began in New York City, Minyanville said in the statement.
Member companies are as follows: Goldman Sachs (NYSE: GS), General Electric (NYSE: GE), BP (NYSE: BP), JPMorgan Chase (NYSE: JPM), Lockheed Martin (NYSE: LMT), SLM Corp. (NYSE: SLM), McDonald's (NYSE: MCD), Wal-Mart (NYSE: WMT) and News Corp. (Nasdaq: NWSA).
Well how about some ETFs for the Occupy Wall Street crowd? Ask and you shall receive.
SPDR Dow Jones Industrial Average (NYSE: DIA):
Using the Minyanville index as inspiration, it's clear that Occupy Wall Street protesters are ticked off at four Dow components: GE, JPMorgan Chase, McDonald's and Wal-Mart. Whether or not they're having an impact is debatable. DIA is up almost 3% as of this writing.
Financial Select Sector SPDR (NYSE: XLF):
Is there really anything to say about this pick other than “Duh?” Let's just consider XLF ground zero for the ire of the protesters.
IShares Dow Jones U.S. Aerospace & Defense Index Fund (NYSE: ITA):
ITA is the ETF with the largest allocation to Lockheed Martin (almost 6%), but let's be honest. If folks are mad at Lockheed, they're probably mad at every other company that does what Lockheed does. ITA is the place to find those companies.
SPDR S&P International Energy Sector ETF (NYSE: IPW):
Poor BP. Europe's second-largest oil company just cannot escape the wrath of those that choose to exercise their right to protest. Dinging BP is practically sport right now, but if you want to profit from BP without having to tell anyone that you own the shares directly, then IPW is your ETF.
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