Market Overview

Real Estate, Greece And Technology ETFs To Watch This Week

Real Estate, Greece And Technology ETFs To Watch This Week

Last week, the markets regained some semblance of momentum as the widely-anticipated quantitative easing plan from the European Central Bank was unveiled.

This news pushed the SPDR S&P 500 ETF (NYSE: SPY) back above its 50-day moving average and close to the flat line for the year. January has been a choppy month of trading, with several pronounced swings in both directions.

The week ahead features several key economic releases including the monthly FOMC statement, Case-Shiller housing data and fourth-quarter gross domestic product readings.

Here are the key ETFs to watch for the week of Monday, January 26:

iShares Residential Real Estate Capped ETF (NYSE: REZ)

Real estate investment trusts have continued their fantastic 2014 run into 2015 and are an important sector to watch on Tuesday when Case-Shiller home price data is released. REZ tracks 37 publicly traded residential REITs and has gained nearly 10 percent so far this year.

Related Link: Earnings Expectations For The Week Of January 26: Apple, Google, Microsoft & More

The combination of falling interest rates, strong real estate demand and an appetite for income have helped buoy this sector over the last 12 months.

Global X FTSE Greece 20 ETF (NYSE: GREK)

Greece held an election over the weekend, which appears set to usher in a new party to govern the debt-ridden European nation. The outcome of this shakeup is likely to heavily impact GREK early this week.

This ETF has more than $115 million invested in 20 of the largest publicly traded companies on the Athens Stock Exchange. GREK is strongly weighted towards financial companies and consumer-oriented stocks.

GREK has fallen nearly 40 percent in the last 12 months, but may be set to reverse those fortunes if the new leadership is well-received.

Technology Select Sector SPDR (NYSE: XLK)

Several large-cap technology and telecommunications companies are set to report earnings this week. Microsoft Corporation (NASDAQ: MSFT), Apple Inc. (NASDAQ: AAPL), and AT&T (NYSE: T) are some of the high-profile names that will be delivering results.

These three companies are also top holdings in the technology sector benchmark XLK. This ETF has more than $13 billion committed to 73 stocks in the hardware, software and telecom fields.

Apple in particular represents over 16 percent of the total asset allocation in XLK and will be a closely-watched barometer for the sector.


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