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Transportation encompasses both the movement of individuals as well as the delivery of goods and services from raw material suppliers to manufactures and ultimately to consumers Read more…
In trading on Tuesday, the Pharmaceutical HOLDRS ETF (AMEX:PPH) is outperforming other ETFs, up about 0.3% on the day. Components of that ETF showing particular strength include shares of Read more…
“As the cloud of volcanic ash that shuttered Europe’s airports clears, the industry has begun to handicap its losses. On Wednesday, the International Air Transport Association, an industry group Read more…
Direxion has filed paperwork with the SEC for a new airline ETF “DIREXION AIRLINE SHARES.” The Direxion Airline Shares (“Fund”) will seek daily investment results, before fees and expenses, of the price performance of the Indus Global Airline & Airline Suppliers Index (“Index”). This fund will go Read more…
In midday trading Monday, the Claymore Canadian Energy Income ETF (ENY) is outperforming other ETFs, up about 3.1% on the day. And underperforming other ETFs today is the Read more…
In midday trading Tuesday, the Claymore Airline ETF (FAA) is outperforming other ETFs, up about Read more…
“The Claymore/NYSE Arca Airline ETF (NYSE: FAA) isn’t heavily traded and doesn’t generate much in the way of headlines Read more…
“A way to play the global economy decline is by shorting the airline industry. Here we turn to underground investor Martin Denholm, writing in today’s Smart Profits Report. The problem with the airline industry is that in business terms, it can be “lose-lose,” no matter what the economy is doing…” Contrarian Profits Reports. Read more…
When moving to the high end of the risk band, sometimes there can be a fine line between investing and speculating. Morningstar’s ETF research team is not averse to taking risks if we think that the potential upside is significant. However, there are times when visibility is so uncertain that gambling may be a suitable alternative……
…..For some ETFs, though, the inherent risks affect many of the companies instead of just a select few. The list below contains some of the most unpredictable ETFs in our coverage universe. These could be choices for a very risk-seeking investor, or one who is willing to find the nearest roulette table and bet it all on red. Read more…
Mexico and airlines led ETFs south Monday on fears the swine flu crisis could deepen the global recession.
The worst-hit industry, as tracked by Claymore/NYSE Arca Airline (NYSEArca:FAA – News), plunged 11% as the U.S. declared a public health emergency and discouraged nonessential travel to Mexico. The ETF experienced its steepest one-day dive since it started trading in late January. Volume swelled more than five times usual.
Two of the ETF’s largest holdings: Delta Air Lines (NYSE:DAL – News) and Continental Airlines (NYSE:CAL – News) nose-dived 14% and 16%, respectively, upon hitting overhead resistance at their 40-week moving averages.
FAA rallied 68% off its low over the past seven weeks vs. 31% for the S&P 500 and was due for some profit-taking. It reversed last week after failing to break prior resistance above 22. It may be forming a handle in a V-shaped base.
The pullback offers a buying opportunity in airlines, which should continue rising through May, according to Yiorgo Aretos, founder of the TMPProject.com.
He recommended buying airlines at the end of 2008. He also expected the market overall to pull back after rising for seven weeks.
| Symbol | Price | Change |
|---|---|---|
| CAL | 11.08 | -2.17 |
| COW | 30.10 | -0.87 |
| DAL | 6.75 | -1.13 |
| EWW | 30.73 | -2.38 |
| FAA | 19.71 | -2.32 |
Full Story: http://news.yahoo.com/s/ibd/20090427/bs_ibd_ibd/20090427etf
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