ETF Insider: Take Profits In A Sideways Market
Equity markets endured another back-and-forth week as investors digested mixed earnings and lackluster economic data releases. Industry giants Apple and Caterpillar both surpassed analyst expectations, while AT&T, Verizon, and SanDisk all missed the mark. Investors also fretted over the latest new home sales report for the month of December, which came in below the previous month’s reading, missing estimates entirely. Euphoria and gains from the first half of the week quickly evaporated during the final two trading days as profit taking pressures prevailed, despite the fact that U.S. GDP growth came in at an impressive 2.8%. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance GDX Long 9.0% UUP Long No Trade XBI Short 1.5% Our picks from Monday’s Insider posted a mixed performance this past week, although our profitable trade was more than able to make up for our other two lackluster recommendations. Below, we highlight [...] Click here to read the original article on ETFdb.com. Related Posts: Coming Soon To An ETF Near You: Finland, Small Cap UK Funds From iShares Industry Firsts: Denmark ETF (EDEN), Finland ETF (EFNL) Debut ETF Insider: Beware Of Earnings Volatility iShares Debuts Two New Emerging Markets ETFs 10 Strange But True Facts About The ETF Industry
Equity markets endured another back-and-forth week as investors digested mixed earnings and lackluster economic data releases. Industry giants Apple and Caterpillar both surpassed analyst expectations, while AT&T, Verizon, and SanDisk all missed the mark. Investors also fretted over the latest new home sales report for the month of December, which came in below the previous month’s reading, missing estimates entirely. Euphoria and gains from the first half of the week quickly evaporated during the final two trading days as profit taking pressures prevailed, despite the fact that U.S. GDP growth came in at an impressive 2.8%. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance GDX Long 9.0% UUP Long No Trade XBI Short 1.5% Our picks from Monday’s Insider posted a mixed performance this past week, although our profitable trade was more than able to make up for our other two lackluster recommendations. Below, we highlight [...]

Click here to read the original article on ETFdb.com.

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