The Stunning Performance of These 4 ETFs Is Going Unnoticed
With so many attention-grabbing headlines about the markets in the past few weeks, you might have missed these under-the-radar exchange traded funds.
There have been plenty of market headlines of note over the past couple of weeks. Whether it has been central bank talk or new product introductions from Amazon (AMZN) and Apple (AAPL), traders and investors have had more than a few compelling events to pay attention to.
So it is not surprising that some jaw-dropping ETF performances are flying under the radar. Importantly, some of the following funds are not having little trysts with success. These ETFs have been impressing for a while now, regardless of fanfare. Leveraged ETFs were excluded from this list because those products can deliver breathtaking or heartbreaking performances in condensed time frames. Of course, leveraged ETFs are not every investor's cup of tea.
PowerShares NASDAQ Internet Portfolio (PNQI): The PowerShares NASDAQ Internet Portfolio leads a fairly anonymous existence considering its high-flying constituency. That is to say PNQI is a momentum lover's delight as the ETF is home to some of the most familiar Internet names.
e-Bay (EBAY), Amazon, Google (GOOG), Priceline (PCLN), and Baidu (BIDU) combine for about 41 percent of PNQI's weight. That is a good thing as Amazon and Google are trading near all-time highs and eBay could make a run at its own all-time high over the next few months.
Global X Lithium ETF (LIT): Here is one way of investing in the smartphone/tablet craze without owning Apple, Google or a technology sector ETF. LIT's relationship to the gadget craze and increased demand for hybrid vehicles has been a large part of the thesis behind this ETF for its 26 months of existence. That thesis is once again bearing fruit for investors. How many folks are noticing is a different story.
Lithium cannot be compared to gold or oil in that part of the reason those commodities move to the upside is expected declines of supply in the future. A lithium shortage is unlikely, and that makes LIT's recent ascent all the more impressive. What is pivotal to remember about lithium is that prices have tripled since 2000 due to increased demand, Bloomberg reported.
Another double or triple in demand over the next decade is possible, too. In the near-term, it feels like few investors realize LIT has accumulated the bulk of its year-to-date gains in the past month. The ETF's recent move above resistance at $14.50 is a bullish sign. Should that old resistance become new support, that is even more bullish as that could set LIT up for a move of 10 percent or more before year-end.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter