A late-day rally on Friday, if it can be called that, prevented the Dow Jones Industrial Average from notching its third triple-digit move this week, so to say things have been interesting, if not volatile, in the first week of March would be an accurate statement.
We don't want get in the business of making outlandish proclamations about what the rest of March holds, but we do have some ETFs that should be worth trading next week. Here's our weekly ETF look ahead.
1) Global X/InterBolsa FTSE Colombia 20 ETF GXG:
GXG once again appears on the list as an oil play and as an earnings play. BanColombia CIB, GXG's third-largest holding, is due to report earnings on Monday.
2) Guggenheim China SmallCap ETF HAO:
HAO has been among the China-specific ETFs that have fallen out of favor this year, but plenty of its constituents are reporting earnings next week, which could set the ETF up for decent swing trade.
3) Market Vectors Rare Earth/Strategic Metals ETF REMX:
Maybe you've heard about this rare earths fad and perhaps you've heard about Molycorp MCP, the largest U.S.-based rare earths miner and a top-10 REMX holding. The comany steps into the earnings confessional on Wednesday.
4) ETFS Physical Silver Shares SIVR:
Really, any silver ETF will do at this juncture and this point should require no explanation.
5) ProShares Ultra Industrials UXI:
UXI isn't a proxy for the Dow, but it is a leveraged play on industrials and the Dow has shown a tendency to snap back from big losses to almost immediately make bigger gains, making UXI a compelling play for the week ahead.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.