ETF & Mutual Fund Watchlist for February 6, 2019

Equities continue to extend their gains. The Nasdaq has outperformed as technology subsectors accelerated.

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Communication services and industrials have also been market leaders this week.

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Semiconductors and Internet stocks gained more than 4 percent after solid earnings reports. Semiconductors underperformed in the 4th quarter of 2018 but are now leading the rally.

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Aerospace and defense lifted the industrial sector with shares of Boeing (BA) rising more than 6 percent. Boeing is now trading at a new all-time high. Transports also achieved solid gains.

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SPDR S&P 500 (SPY) is beating both developed and emerging market funds. The U.S. dollar rallied 1 percent, which has helped domestic stocks.

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Commodities have also rallied in 2019. SPDR S&P Metals & Mining (XME) has been a strong subsector leader. Copper, steel and coal ETFs are all up double-digits.

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SPDR Financial (XLF) has traded sideways since mid-January. Rising interest rates and widening spreads benefit banks who earn more from lending. Regional banks, insurance and capital markets subsectors have moved on to new highs for 2019.

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Rebounding energy and technology shares has boosted solar energy stocks. The rest of the clean energy space has also advanced in early 2019. Long-term, the sector remains far below its 2008 high.

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