We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wall Street was downbeat last week, with the S&P 500 losing 2.6%, the Dow Jones retreating 2.5%, and the Nasdaq falling 2.5%. Growing investor concerns over the United States' ballooning fiscal deficit weighed on Wall Street. Gold bullion-based exchange-traded fund (ETF) SPDR Gold Trust (GLD - Free Report) advanced 4% last week, on rising safe-haven demand (read: Gold Eyes Best Week in a Month: Will ETFs Sustain the Rally?).
Investor Worries Grow Amid Credit Downgrade
Investors are now eyeing President Donald Trump’s tax legislation, which has passed the House and heads to the Senate, as a potential driver of an even larger deficit. Meanwhile, Moody’s Ratings stripped the United States of its top-tier credit rating (read: ETF Strategies to Follow on Moody's Downgrade of U.S. Debt).
Surging US Debt Fuels Concern
According to the Congressional Budget Office, the amount of outstanding U.S. Treasuries has ballooned from $4.5 trillion in 2007 to nearly $30 trillion today. Over the same period, public debt as a percentage of GDP has jumped from 35% to 100%.
Trump Tensions With EU and Apple
President Trump called for 50% tariffs on the European Union from June 1, after complaining that trade negotiations have stalled. The announcement came after Trump threatened to impose a tariff of at least 25% on Apple (AAPL - Free Report) if the company does not start manufacturing iPhones in the United States.
Economic Data Shows Steady Growth
On the macroeconomic front, data released last week showed strength. U.S. business activity accelerated in May, signaling growing demand and business confidence. Initial jobless claims declined, pointing to continued strength in the labor market. These indicators support the view that the U.S. economy remains on a stable footing despite trade-related headwinds.
Winning ETFs in Focus
Against this backdrop, below we highlight a few winning ETFs of last week.
Uranium
Global X Uranium ETF (URA - Free Report) – Up 14.9% Last Week
President Trump signed a set of executive orders on May 23to restructure the Nuclear Regulatory Commission (NRC), expedite the licensing process for nuclear reactors, and boost domestic uranium production. The move boosted uranium ETFs.
Volatility
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX - Free Report) – Up 13.4% Last Week
These ETFs hold stocks of companies that mine gold. They tend to experience more gains or losses than gold in a rising or falling metal market. As gold prices jumped last week, gold mining ETFs gained.
Platinum
GraniteShares Platinum Trust (PLTM - Free Report) – Up 11% Last Week
Image: Bigstock
Best-Performing ETF Areas of Last Week
Wall Street was downbeat last week, with the S&P 500 losing 2.6%, the Dow Jones retreating 2.5%, and the Nasdaq falling 2.5%. Growing investor concerns over the United States' ballooning fiscal deficit weighed on Wall Street. Gold bullion-based exchange-traded fund (ETF) SPDR Gold Trust (GLD - Free Report) advanced 4% last week, on rising safe-haven demand (read: Gold Eyes Best Week in a Month: Will ETFs Sustain the Rally?).
Investor Worries Grow Amid Credit Downgrade
Investors are now eyeing President Donald Trump’s tax legislation, which has passed the House and heads to the Senate, as a potential driver of an even larger deficit. Meanwhile, Moody’s Ratings stripped the United States of its top-tier credit rating (read: ETF Strategies to Follow on Moody's Downgrade of U.S. Debt).
Surging US Debt Fuels Concern
According to the Congressional Budget Office, the amount of outstanding U.S. Treasuries has ballooned from $4.5 trillion in 2007 to nearly $30 trillion today. Over the same period, public debt as a percentage of GDP has jumped from 35% to 100%.
Trump Tensions With EU and Apple
President Trump called for 50% tariffs on the European Union from June 1, after complaining that trade negotiations have stalled. The announcement came after Trump threatened to impose a tariff of at least 25% on Apple (AAPL - Free Report) if the company does not start manufacturing iPhones in the United States.
Economic Data Shows Steady Growth
On the macroeconomic front, data released last week showed strength. U.S. business activity accelerated in May, signaling growing demand and business confidence. Initial jobless claims declined, pointing to continued strength in the labor market. These indicators support the view that the U.S. economy remains on a stable footing despite trade-related headwinds.
Winning ETFs in Focus
Against this backdrop, below we highlight a few winning ETFs of last week.
Uranium
Global X Uranium ETF (URA - Free Report) – Up 14.9% Last Week
Sprott Uranium Miners ETF (URNM - Free Report) – Up 12.3%
President Trump signed a set of executive orders on May 23to restructure the Nuclear Regulatory Commission (NRC), expedite the licensing process for nuclear reactors, and boost domestic uranium production. The move boosted uranium ETFs.
Volatility
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX - Free Report) – Up 13.4% Last Week
ProShares VIX Short-Term Futures ETF(VIXY - Free Report) – Up 12.1%
With Wall Street witnessing considerable volatility last week, volatility-based ETFs and ETNs registered double-digit gains.
Gold Miners
Themes Gold Miners ETF (AUMI - Free Report) – Up 13% Last Week
Global X Gold Explorers ETF (GOEX - Free Report) – Up 11.8%
These ETFs hold stocks of companies that mine gold. They tend to experience more gains or losses than gold in a rising or falling metal market. As gold prices jumped last week, gold mining ETFs gained.
Platinum
GraniteShares Platinum Trust (PLTM - Free Report) – Up 11% Last Week
abrdn Physical Platinum Shares ETF (PPLT - Free Report) – Up 10.9%
Platinum prices are gaining momentum after years of underperformance.Cheaper valuation than gold and supply constraints should boost the metal further (read: Platinum Prices Increase After Long Slump: More Gains for ETFs?).