Saturday, May 02, 2009 11:13:32 AM
April 10, 2009
By: Billy Fisher
Contributor, Stock Traders Daily
Not surprisingly, financial-focused ETFs have proven to be among the best performing ETFs over the past 4 weeks. Here is a look into one of these financial ETFs as well as 3 other ETFs that are on fire right now.
The stunning announcement Thursday by Wells Fargo (NYSE: WFC) that the San Francisco-based bank is expecting record first-quarter net income instantly added additional fuel to the broader banking rally as Wells Fargo shares soared 31.7% on the day. The company is one of the largest holdings of the Ultra Financials ProShares Fund (NYSE: UYG) which has been one of the best performing ETFs over the course of the past 4 weeks. This leveraged ETF has risen an eye-popping 88.8% during this time period. Investors of this fund should keep an eye out for when Goldman Sachs (NYSE: GS) reports its first-quarter earnings on Tuesday. The Wall Street Journal has reported that the company is considering an equity offering so that it can benefit from the recovery of its stock price and repay its TARP loan.
http://stocktradersdaily.com/News%20Release/News_release_TA_000020009000410fishetf.htm
HealthLynked Corp. Announces Second Quarter and First Half 2024 Results: Continued Cost Reductions Set the Stage for Strategic Shift to App-Based Technology Services • HLYK • Aug 16, 2024 8:00 AM
PickleJar Announces Official Name Change and New Ticker Symbol • NREG • Aug 15, 2024 2:23 PM
VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months • VAYK • Aug 15, 2024 9:07 AM
Swifty Global Reports Strong Q2 Performance and Prepares for Major Exchange Uplisting • DRCR • Aug 15, 2024 9:04 AM
Mayback's Global Entertainment Signs Global Distribution Agreement with Children's Media Studio • AHRO • Aug 15, 2024 8:45 AM
POET Technologies Reports Second Quarter 2024 Financial Results • POET • Aug 15, 2024 8:04 AM