Industry ETFs In The Spotlight: August's Winners And Losers Revealed: Where Is Gold, Energy And Biotech?
Portfolio Pulse from Piero Cingari
Major US stock indices, monitored through ETFs SPY, DIA, QQQ, and IWM, are set to end the month with losses, marking the first month of losses after a 5-month winning streak. However, some industry ETFs like XOP, KIE, and IBB managed to achieve positive performance in August 2023. On the other hand, PBW, TAN, JETS, KRE, and GDX were among the worst-performing ETFs.
August 31, 2023 | 4:49 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
IBB managed to achieve positive performance in August 2023.
The news directly mentions that IBB managed to achieve positive performance in August 2023, which could positively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
KIE managed to achieve positive performance in August 2023.
The news directly mentions that KIE managed to achieve positive performance in August 2023, which could positively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
XOP managed to achieve positive performance in August 2023.
The news directly mentions that XOP managed to achieve positive performance in August 2023, which could positively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
DIA is set to end the month with losses.
The news directly mentions that DIA is set to end the month with losses, which could negatively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
GDX was among the worst-performing ETFs in August 2023.
The news directly mentions that GDX was among the worst-performing ETFs in August 2023, which could negatively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
IWM is set to end the month with losses.
The news directly mentions that IWM is set to end the month with losses, which could negatively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
JETS was among the worst-performing ETFs in August 2023.
The news directly mentions that JETS was among the worst-performing ETFs in August 2023, which could negatively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
KRE was among the worst-performing ETFs in August 2023.
The news directly mentions that KRE was among the worst-performing ETFs in August 2023, which could negatively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
PBW was among the worst-performing ETFs in August 2023.
The news directly mentions that PBW was among the worst-performing ETFs in August 2023, which could negatively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
QQQ is set to end the month with losses, marking the end of a 5-month winning streak.
The news directly mentions that QQQ is set to end the month with losses, which could negatively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SPY is set to end the month with losses, marking the end of a 5-month winning streak.
The news directly mentions that SPY is set to end the month with losses, which could negatively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TAN was among the worst-performing ETFs in August 2023.
The news directly mentions that TAN was among the worst-performing ETFs in August 2023, which could negatively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100