TradingMarkets 7 ETFs You Need To Know for Tuesday

With U.S. markets closed on Monday for the Martin Luther King Jr. holiday, traders will have a wide variety of oversold exchange-traded funds (ETFs) to choose from on Tuesday thanks to the end of the week pullback.

Sectorwise, sellers were especially aggressive in the financials, sending the ProShares Ultra Financials ETF (NYSE:UYG – News) down by well over 2%. Around the globe, country funds from the Vanguard Emerging Markets ETF (NYSE:VWO – News) to the iShares MSCI Mexico Investable Markets Index Fund ETF ^EWW^ are among the highest rated ETFs going into Tuesday’s trading.

Among the top ETF PowerRatings funds for Tuesday are the S&P BRIC 40 SPDRS ETF (NYSE:BIK – News) and the iShares MSCI All Country Asia ex Japan Index Fund ETF (NYSE:AAXJ – News). Both BIK and AAXJ earned ETF PowerRatings of 9 midway through the trading day on Friday. [Read the full article]

The big picture includes understanding the stock market. It also involves researching companies’ prospects in terms of markets, products, trends and demand.

A breakout occurs when a stock that has formed a base climbs past the pattern’s proper buy point 14 heavy trading.

That action represents a key point 14 the stock, when it usually starts making significant gains to new highs.

The stock’s action through the buy point 20ells you a great deal about what is likely to occur beyond that level.

Look for turnover to surge at least 40% above the stock’s average pace on the day it crosses the buy point.

A stock moving past a buy point 14 unenthusiastic volume is likely to go on basing, or to build a handle or go into a long-term decline.

If it cracks the buy point 14 a triple- or quadruple-digit volume gain, the stock is saying institutional investors are probably doing the buying. This bodes well for the breakout. [Read the full article]

The fight for cell phone users heated up Friday, as the country’s two largest wireless carriers cut their calling plan prices.

Verizon Wireless, the largest cell phone carrier in the U.S., said early in the day that, starting Monday, it would start charging $70 a month for an unlimited monthly calling plan. The same plan previously cost $100.

This also brings down the monthly cost for users of the company’s high-end smart phones like Motorola’s Droid, which require a $30 per month unlimited data plan. An unlimited data and voice plan will now cost $100, rather than $130.

Rival AT&T Inc., the nation’s second-largest wireless carrier, responded late Friday by announcing some of the same price cuts. Starting Monday, it, too will charge $70 for an unlimited calling plan that had also been $100, and offer a $100 plan with unlimited voice and data for smart phones like Apple Inc.’s popular iPhone (also down from $130). [Read the full article]

Warren Buffett’s Berkshire Hathaway Inc. is getting ready to split the company’s Class B shares next Thursday as part of its plan to buy Burlington Northern Santa Fe Corp.

The 50-for-1 stock split, which shareholders will vote on Wednesday, will boost the liquidity of Berkshire’s stock, and enable Berkshire to offer even small BNSF shareholders Berkshire stock as part of its $26.3 billion cash and stock deal.

The added liquidity Berkshire will have as a result of the split will also increase the chances that the Omaha-based company will join the S&P 500 index. Berkshire’s Class A shares, which are the nation’s most expensive stock, and its Class B shares have been difficult to trade because of their high prices.

Class B shares, dubbed “Baby Berkshires,” were first issued in 1996 to meet demand from smaller investors and discourage investment firms from reselling pieces of Berkshire’s original shares — which became the Class A shares. [Read the full article]

You may also like...