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Solar, Shipping And Industrial ETFs To Watch This Week

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April 13, 2015 7:30 am
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Solar, Shipping And Industrial ETFs To Watch This Week

The SPDR S&P 500 ETF (NYSE: SPY) rebounded 1.75 percent last week and is now once again in close proximity to its all-time 2015 highs. Nevertheless, investors will be heavily focused on earnings and economic data in the week ahead.

Key companies such as Wells Fargo & Co (NYSE: WFC) and Intel Corporation (NASDAQ: INTC) are set to report on Tuesday. The week ahead also features several important economic releases including March retail sales, beige book and the consumer price index.

Here are the key ETFs to watch for the week of Monday, April 13:

Guggenheim Solar ETF (NYSE: TAN)

Solar stocks have been among the top performers in 2015 amid a sharp rise that continues to show no signs of abatement. TAN tracks 29 global solar companies engaged in manufacturing and installation of clean energy equipment. This fund is now up more than 40 percent in 2015 and will open trading on Monday near its 52-week highs.

TAN has likely benefited from a 44 percent allocation to companies in China and Hong Kong, which have been some of the strongest emerging market nations this year. Investors should be paying close attention to this powerhouse ETF and how it reacts to overseas trading in the week ahead.

Related Link: 13 Stocks To Watch As Earnings Season Ramps Up

Guggenheim Shipping ETF (NYSE: SEA)

After falling on hard times in 2014, the shipping industry appears to be stabilizing this year. SEA tracks 26 companies engaged in global transportation of goods and materials via ocean. This exchange-traded fund recently breached its 200-day moving average on the upside and appears to be picking up additional strength as crude oil prices strengthen.

The high dividend paying transportation sector is sensitive to commodity price cycles as well as global consumption forces. Investors looking for a turnaround story might be intrigued by the developments in this ETF.

Industrial Select Sector SPDR (NYSE: XLI)

The industrial sector received a big boost from the news that General Electric Company (NYSE: GE) would be selling off a major portion of its financial unit. The jump in GE stock on Friday positively impacted XLI, as the conglomerate makes up nearly 10 percent of the fund’s total portfolio.

Investors should be watching for additional follow through in the 67 stocks that make up XLI this week. GE may have ignited a spark that carries this sector back near its 52-week highs with the potential for a breakout year.


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