Buy on the Dip Prospects: June 27 Edition
Below is a look at ETFs that currently offer attractive buying opportunities.
The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively.
Second, each of these ETFs is also trading below its five-day moving average, thereby offering a near-term “buy on the dip” opportunity, given the longer-term uptrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques.
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Markets went down and were highly volatile after the Brexit “Leave” vote on Thursday. All the major sectors with a bull trend in last few months were down in response to the Brexit vote. This event caused 56 ETFs to fall under our buy-on-dip category. ETFs such as (SPHD B+), (VNQ A+) & (IYR A) which were surging for the last few weeks were down.
ETFs to Buy on the Dip
Ticker | Name | Price | 1-Year Return |
|---|---|---|---|
(SPHD B+) | Powershares S&P 500 High Divide | $36.97 | 14.53% |
(VNQ A+) | REIT Index ETF Vanguard | $84.87 | 10.36% |
(SPLV A) | S&P 500 Low Volatility Powershares | $40.99 | 10.04% |
(XLP A) | Consumer Staples Select Sector SPDR | $53.10 | 9.67% |
(USMV A) | USA Min Volatility MSCI Ishares | $44.51 | 8.59% |
(IYR A) | DJ US Real Estate Ishares | $78.83 | 8.24% |
(DVY B+) | DJ Select Dividend Index Ishares | $82.63 | 8.10% |
(PGX A) | Preferred Portfolio Powershares | $15.08 | 3.71% |
(PCY A) | Emrg Mkts Sovereign Debt Powershares | $28.74 | 3.05% |
(EMB A-) | USD Emrg Mkts Bond Ishares | $112.31 | 1.70% |
(PFF A+) | S&P US Preferred Stock Index Ishares | $39.47 | 0.38% |
(BIL B+) | SPDR 1-3 Month T-Bill Barclays Capital | $45.70 | unch |
(VYM A+) | High Dividend Yield Indx ETF Vanguard | $69.12 | -0.36% |
(XLI A) | Industrial Select Sector SPDR | $54.38 | -1.84% |
(DIA A-) | SPDR DOW 30 ETF | $173.76 | -3.15% |
(VTV A) | Value ETF Vanguard | $82.35 | -3.32% |
(VOO A) | S&P 500 ETF Vanguard | $186.56 | -3.35% |
(IVV A) | S&P 500 Index Ishares | $204.49 | -3.44% |
(SMH B+) | Semiconductor ETF Market Vectors | $55.13 | -4.05% |
(ITB A-) | DJ US Home Construction Ishares | $26.78 | -4.08% |
(RSP B+) | S&P 500 Index Equal Weight Guggenheim | $78.18 | -4.17% |
(IWB A) | Russell 1000 Index Ishares | $113.47 | -4.25% |
(BKLN B) | Senior Loan Portfolio Powershares | $22.81 | -4.36% |
(IVE A) | S&P 500 Value Index Ishares | $90.00 | -4.45% |
(MDY B+) | SPDR S&P Midcap 400 | $264.93 | -5.00% |
(IJH A-) | S&P Midcap 400 Index Ishares | $145.35 | -5.01% |
(IWD A) | Russell 1000 Value Index Ishares | $100.05 | -5.02% |
(VTI A+) | Total Stock Market ETF Vanguard | $104.04 | -5.31% |
(EIDO B+) | Indonesia Invstble Mkt Idx MSCI Ishares | $22.40 | -6.55% |
(HYG A) | Iboxx $ High Yield Corporate Bd Ishares | $83.25 | -7.00% |
(SSO A) | Ultra S&P 500 Proshares | $62.56 | -7.25% |
(XLB A) | Materials Select Sector SPDR | $46.02 | -7.26% |
(SJNK A) | SPDR ST High Yield Bond ETF Barclays Capital | $26.68 | -8.13% |
(EMLC A-) | Emrg Mkts Local Curr Bond ETF Market Vectors | $18.20 | -8.17% |
(RSX B+) | Russia ETF Market Vectors | $16.76 | -8.26% |
(IWN A-) | Russell 2000 Value Index Ishares | $95.34 | -8.88% |
(REM B) | FTSE Nareit Mort Plus Cp Idx Ishares | $9.99 | -9.10% |
(JNK A+) | SPDR High Yield Bond Barclays Capital | $35.10 | -9.47% |
(XME A) | SPDR S&P Metals & Mining | $22.96 | -11.28% |
(IWM B+) | Russell 2000 ETF | $112.55 | -12.02% |
(XLE A) | Energy Select Sector SPDR | $66.78 | -12.83% |
(EWC C+) | Canada Index MSCI Ishares | $24.14 | -13.10% |
(IYE A) | DJ US Energy Ishares | $37.27 | -13.91% |
(UPRO B+) | Ultrapro S&P 500 Proshares | $61.07 | -14.01% |
(SPXL B+) | Direxion Daily S&P 500 Bull 3X Shares | $80.73 | -14.22% |
(DBC A) | DB Commodity Index Tracking Powershares | $15.01 | -14.72% |
(EWT A-) | Taiwan Index MSCI Ishares | $13.41 | -15.71% |
(EWA B+) | Australia Index MSCI Ishares | $18.92 | -15.91% |
(EWZ B+) | Brazil Index MSCI Ishares | $27.79 | -17.88% |
(ILF A) | S&P Latin Amer 40 Index Ishares | $24.46 | -19.25% |
(OIH B+) | Oil Services ETF Market Vectors | $28.75 | -19.29% |
(VWO A) | Emrg Mkts ETF MSCI Vanguard | $33.48 | -20.61% |
(AMLP B+) | Alps Alerian MLP ETF | $12.63 | -21.46% |
(AMJ A-) | Alerian MLP Index ETN JP Morgan | $31.15 | -24.70% |
(XOP B+) | SPDR S&P Oil & Gas Exploration & Prod | $34.63 | -28.69% |
(ERX C+) | Energy Bull 3X Direxion | $28.72 | -46.11% |
Please note that this list is updated on a weekly basis.
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Disclosure: No positions at time of writing.
