Proshares Ultra Basic Materials ETF (UYM)

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One excellent way to track the progress of basic materials stocks - and of the recovery of the industrial part of the economy - is through the ProShares Ultra Basic Materials ETF (NYSE: UYM). UYM is leveraged 200% to the daily performance of the Dow Jones U.S. Basic Materials index of stocks including Dupont (NYSE: DD) and Freeport McMoran Copper & Gold (NYSE: FCX). Freeport McMoran reports quarterly earnings Wednesday morning before the market opens.

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