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Notable ETF Movers of the Day 03/22: (USO) (UNG) (EWZ) Higher; (TAN) (XHB) (SPY) Lower

March 22, 2011 12:04 PM EDT
Gainers

  • United States Oil (NYSE: USO) up 1.22% to $41.63. Though crude started off a little low today on speculation surrounding limited supply disruptions, prices have escalated throughout the morning as traders and investors try to figure out what sort of actions will be taken against Libya to stem further turmoil,. WTI May 11 contracts, the most actively traded, are up $1.40 to $103.73 per barrel on the Comex.

  • United States Natural Gas (NYSE: UNG) up 0.86% to $11.20. Temps in the Midwest and Eastern U.S. are expected to be colder than normal over the next week or so, potentially increasing demand for nat gas as consumers crank the thermostat to heat their homes. April 11 contracts are $0.04 higher to $4.201/mmBtu on the Comex today.

  • iShares MSCI Brazil Index (NYSE: EWZ) up 0.95% to $74.29. Investors buying back into Brazil following comments by Brazilian Central Bank President Alexandre Tombini stating that inflation will remain high in the next several months, but drop back down to normal levels in the second half of the year as measures taken by the central bank on interest rates begin to kick in.


Receders

  • Guggenheim Solar (NYSE: TAN) down 1.33% to $8.14. Solars still reeling following a massive uptick on potential for the companies as an alternative to nuclear energy following the massive natural earthquake in Japan that knocked out several nuclear power plants, leaving the country and world, on edge. Notably, KB Home (NYSE: KBH) launched a solar initiative with SunPower (Nasdaq: SPWRA), which may be a boon for the company over the long haul.

  • SPDR S&P Homebuilders (NYSE: XHB) down 0.79% to $17.91. Lower today as home prices were reported to have dropped 3.9% in January, compared to January 2010. Additionally, the number of previously owned homes rose 3.5% in the month, according to the FHFA. Needless to say, rising commodities and crude prices will put an extra pinch on pocketbooks, pushing out the time frame to clear up the housing glut. iShares Dow Jones US Real Estate (NYSE: IYR) is also trading lower today, down about 0.7%.

  • SPDR S&P 500 (NYSE: SPY) down 0.16% to $129.53. Markets are still trying to stay near the breakeven mark, despite an earnings miss from Carnival (NYSE: CCL) and tepid results from Walgreen (NYSE: WAG) today, coupled with tensions in North Africa still at high levels. The S&P 500 is down just 0.15% on the session so far.


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