The top position in iShares IYJ is General ELectric Co. to the tune of 18.23%. General Electric Co. is involved in a multibillion- dollar engine project along with Britain's Rolls-Royce Plc for the F-35 Joint Strike Fighter. The U.S. House of Representatives Armed Services Committee voted to force the Pentagon to fund further development of the engine -- (Read more).
Today after the closing bell, Expeditors International of Washington, Inc. (EXPD), a worldwide logistics services provider, reported 13% rise in first quarter profit, driven by rise in revenues. EXPD is the fourth top holding of iShares S&P Mid Cap Index IJH.
Moving averages: 50 day MA $55.26 | 200 day MA $79.84
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By DE Smith of MyPortfolioView
IYJ is trading well above its bullish support and just broke a double top at $69. With its 269 companies of which the top ten are some of the most recognizable names in the world this ETF is one to watch.
Description of index: “The index measures the performance of the industrial sector of the U.S. equity market, including construction and materials, aerospace and defense, general industrials, electronic and electrical equipment, industrial engineering, industrial transportation and support services.
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By DE Smith of MyPortfolioView.com
The PowerShares Water Resources Portfolio is based on the Palisades Water Index™. The Index seeks to identify a group of companies that focus on the provision of potable water, the treatment of water, and the technology and services that are directly related to water consumption. The modified equal weighted portfolio is rebalanced and reconstituted quarterly.
I recently read that one billion people - one in five - lack access to enough safe water. With that said its great to see that PHO has done so well.
Don Smith
On January 27, 2006 John Dickerson, President & CEO of Summit Global Management, Inc. wrote a very powerful article entitled “The Case for Investing in Water Industry Stocks“. Read and enjoy.
“The New Yorker recently published an eye-opening article on the water shortage in the developing world and the possibility of global catastrophe. News reports of pollution in China’s Yellow River and competition for water resources in India lend credence to the concern. Could water be the next oil, a commodity with huge price appreciation potential? The PowerShares Water Resources ETF (AMEX:PHO - News) is one way to take advantage of this theme through a diversified group of stocks.” Read the rest of the article.
Don Smith
