ETFDesk Daily 11/24/2009 Top News and Investment Ideas

 

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Today’s market-moving headlines, macro trade ideas and more…

 

  • Could sovereign debt be the new subprime?
  • Mexico’s Credit Rating Cut by Fitch on Fiscal Outlook
  • Utility players
  • City of London’s Corporate Governance and Voting Policy for Closed-End Funds
  • ETF Investing, With a Twist
  • China Wants to Slow Credit Boom
  • Citi Research: Nightmare on Commodity Street
  • Rand firms as South Africa exits recession
  • Gold stocks pricing in $940/oz long-term gold price
  • Medtronic Profit Soars 59%, Boosts Forecast
  • Now Chinese banks are under-capitalised
  • Wave of Debt Payments Facing U.S. Government
  • Forecasters See Dollar Decline Next Year
  • Case-Shiller: Home Price Recovery Stumbles, Results Worse Than Expected
  • A Mad Rush as Gold Bugs Get the Boot

 

Could sovereign debt be the new subprime?

Posted: 23 Nov 2009 02:20 AM PST

A few weeks ago, Claudio Borio, head of research at the Bank for International Settlements, warned in a solemn note to Group of 20 leaders that modern financial policymakers are “driving while just looking in the rear-view mirror”: western finance officials have focused so much on past risks that they fail to spot new dangers.

ETFDesk users see this as a potential opportunity to: buy SPDR DB International Government Inflation-Protected Bond ETFsell iShares S&P/Citigroup 1-3 Year International Treasury Bond Fundsell iShares S&P/Citigroup International Treasury Fund;

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

Mexico’s Credit Rating Cut by Fitch on Fiscal Outlook

Posted: 23 Nov 2009 03:30 AM PST

“The global economic and financial crisis and falling oil production have accentuated weaknesses in the sovereign’s fiscal profile,’ Fitch said in a statement. “These weaknesses limit Mexico’s fiscal maneuverability in the face of future oil income shocks.”

ETFDesk users see this as a potential opportunity to: sell iShares MSCI-Mexico;

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

Utility players

Posted: 23 Nov 2009 03:34 AM PST

uying utility shares not only garners a yield nearly three times as high as the broader US stock market but often yields more than utilities’ own debt. Mr Gross reasons that, since governments seem inclined to allow all types of other businesses to earn only utility-type returns, one may as well invest in a sector already priced for such an outcome.

ETFDesk users see this as a potential opportunity to: buy SPDR-Utilities;

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

City of London’s Corporate Governance and Voting Policy for Closed-End Funds

Posted: 23 Nov 2009 04:58 AM PST

City of London’s Corporate Governance and Voting Policy for Closed-End Funds

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

ETF Investing, With a Twist

Posted: 23 Nov 2009 05:19 AM PST

ETF Portfolio Management is using ETFs to create a twist on a hedge-fund strategy called “trend following,” which bets on sustained price movements to make returns with low correlation to the broad market. Trend-following funds are part of a group managing $92 billion that returned 18% last year when broader markets plunged, according to Hedge Fund Research. ETF Portfolio Management’s funds and the broad group of trend-following hedge funds have slightly negative returns in 2009.

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

China Wants to Slow Credit Boom

Posted: 23 Nov 2009 07:39 AM PST

Chinese banking regulators are putting pressure on the country’s banks to raise more capital and temper their rapid growth in lending, in a clear sign of official concern about the sustainability of the nation’s credit boom, senior Chinese bankers said Monday.

ETFDesk users see this as a potential opportunity to: sell PowerShares Golden Dragon Halter USX China Portfolio; sell iShares FTSE/Xinhua China 25;

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

Citi Research: Nightmare on Commodity Street

Posted: 23 Nov 2009 08:36 AM PST

Thousands of very smart speculators have accumulated the biggest ever speculative physical raw material positions ever witnessed in the belief that either the dollar will collapse or an ongoing global ‘Supercycle’ will shake off the effects of the credit crunch and resume business as usual. They are funded in this venture by some of the lowest interest rates on record. What are the threats to their thesis?. They are as follows :

ETFDesk users see this as a potential opportunity to: sell PowerShares DB Base Metals Fund; sell iPath Dow Jones-AIG Commodity Index Total Return ETN; buyPowerShares DB Base Metals Double Short Exchange Traded Note; sell iPath Dow Jones-AIG Industrial Metals Total Return Sub-Inde ETN; sell iPathSM Dow Jones-AIG Nickel Total Return Sub-Index ETN;

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

Rand firms as South Africa exits recession

Posted: 23 Nov 2009 10:54 PM PST

The South African rand firmed on Tuesday after the country exited its first recession. A better-than-forecast gross domestic product figure for the third quarter, after three consecutive quarters of decline, meant that the country’s monetary loosening cycle was over. The rand edged up 0.1 per cent to R7.4583 against the dollar.

ETFDesk users see this as a potential opportunity to: buy iShares MSCI-South Africa;

Check out how others are using ETFs to capitalize on this news or add your own opinion

Gold stocks pricing in $940/oz long-term gold price

Posted: 23 Nov 2009 10:57 PM PST

Take your top tier gold stocks and calculate the types of price scenarios their share prices are currently pricing in:

ETFDesk users see this as a potential opportunity to: buy Market Vectors Gold Miners ETFbuy Junior Gold Miners ETF;

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

Medtronic Profit Soars 59%, Boosts Forecast

Posted: 23 Nov 2009 10:57 PM PST

…strong revenue growth and an implantable defibrillator business that appeared to shrug off problems affecting rivals.

ETFDesk users see this as a potential opportunity to: buy iShares Dow Jones U.S. Medical Devices Index Fund;

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

Now Chinese banks are under-capitalised

Posted: 23 Nov 2009 10:57 PM PST

China’s five largest banks submitted preliminary plans for raising capital to the industry regulator after they extended unprecedented amounts of new loans this year, according to four people with knowledge of the matter.

ETFDesk users see this as a potential opportunity to: sell PowerShares Golden Dragon Halter USX China Portfoliosell iShares FTSE/Xinhua China 25;

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

Wave of Debt Payments Facing U.S. Government

Posted: 23 Nov 2009 11:01 PM PST

Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.

ETFDesk users see this as a potential opportunity to: sell iShares Lehman 20+ Year Treasury Bond Fund;

Check out how others are using ETFs to capitalize on this news or add your own opinion

Forecasters See Dollar Decline Next Year

Posted: 24 Nov 2009 12:19 AM PST

The top performing forecasters in Bloomberg’s survey of 46 firms predict the dollar will continue falling next year.

ETFDesk users see this as a potential opportunity to: buy Market Vectors Gold Miners ETFbuy streetTRACKS Gold Trustbuy Rydex Euro Currency Trustbuy Junior Gold Miners ETF;

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

Case-Shiller: Home Price Recovery Stumbles, Results Worse Than Expected

Posted: 24 Nov 2009 12:30 AM PST

Home prices fell 9.4% in September, according to the widely-respected S&P/Case-Shiller housing index. Analysts had been looking for a 9.1% decline, so this is a bit worse than expected.

ETFDesk users see this as a potential opportunity to: buy UltraShort S&P 500 ProSharessell iShares DJ US Real Estate;

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

A Mad Rush as Gold Bugs Get the Boot

Posted: 24 Nov 2009 12:35 AM PST

Fleets of armored trucks piled with gold bars and coins have been streaming out of midtown Manhattan in one unexpected consequence of the gold craze.

Check out how others are using ETFs to capitalize on this news or add your own opinion

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