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ProShares Teams Up With KBW to Launch Inverse, Leveraged Regional Bank ETFs
Michael Johnston • Fri, Apr 23, 2010
Leveraged ETFs: A Seeking Alpha Expert Panel
SA Editors • Wed, Nov 11, 2009 • 10 Comments
What Happens When You Hold Leveraged ETFs for More than One Day?
Marc Gerstein • Wed, Mar 25, 2009 • 22 Comments
The Mark-to-Market Bank Trade This Week
Robert Perrego • Mon, Mar 9, 2009 • 21 Comments
Spotting a Glimmer for Financials
Jason Kelly • Wed, Jan 28, 2009 • 4 Comments
Positioning for Today's Financial Sector
Jason Kelly • Tue, Jan 27, 2009
Deflation: The Fed's Ugly Pit Bull
Mark Caffee • Wed, Nov 5, 2008 • 3 Comments
Profiting From Market Volatility With VIX/ETF Pairs Trades
Everyday Finance • Thu, Sep 18, 2008 • 6 Comments
Aggresive Investors Should Ante Up with ProShares Ultra Financial ETF
Glenn Rogers • Mon, Jul 21, 2008 • 10 Comments

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Leveraged ETF Mythology (Circa 2013)
Alpay Kaya • Wed, Apr 17 • 8 Comments
Financial Sector: Earnings Estimates Starting To Improve - Can Revenues Follow?
Brian Gilmartin • Thu, Oct 11, 2012 • 4 Comments
4 ETFs Setting Up For A Pause
Stock Traders Daily • Mon, Aug 6, 2012 • 1 Comment
U.S. Banking Sector Still Not Out Of The Woods
Economics Fanatic • Thu, Jul 19, 2012
ProShares Enters Into Direct Competition With Direxion With Launch Of Triple Leveraged Financials ETFs
Michael Johnston • Fri, Jul 13, 2012
Take A Pass On Leveraged ETFs
Lucas Krupinski • Tue, Jun 5, 2012 • 41 Comments
Are We At The Bottom Yet?
George Simone • Tue, May 29, 2012 • 3 Comments
Bulls Or Bears Gaining The Edge?
George Simone • Wed, May 2, 2012 • 4 Comments
VIX - Options Volatility Sonar: Thursday Recap
Erick McKitterick • Thu, Mar 1, 2012 • 9 Comments
Global Banking: What Should Be Done?
Elliott R. Morss • Tue, Jan 10, 2012 • 1 Comment
Momentum Trading Strategies Part V: Hot Hands ETFs Breakout Gains For November
Fredrik Arnold • Sun, Dec 4, 2011
Financial ETFs Active On S&P Downgrade, BofA $5 Threshold
John Spence • Wed, Nov 30, 2011 • 1 Comment
How To Profit If Gingrich Gets His Way On Social Security
Benzinga • Wed, Nov 23, 2011 • 1 Comment
Momentum Trading Strategies Part IV: Hot Hands ETFs In October's Bear Trap
Fredrik Arnold • Mon, Nov 14, 2011
Banks And Leverage
SL Advisors • Thu, Nov 3, 2011
Why The Big Banks Aren't Sweating Bank Transfer Day
Felix Salmon • Tue, Nov 1, 2011 • 2 Comments
A Strategy For Shorting Leveraged ETF Pairs
Eric Falkenstein • Mon, Oct 31, 2011 • 5 Comments
Investors Bet On Bank Sector ETFs Following 40% Decline
Tom Lydon • Tue, Oct 25, 2011
Sleight Of Hand At Its Worst In Financial Sector
David Trainer • Wed, Oct 19, 2011 • 18 Comments
Tools For Hedging Investments
Insightful Investor • Tue, Oct 18, 2011

There are no Transcripts on UYG.

Jonathan Burton's Life Savings: How to handle ETFs’ double-edged sword

at MarketWatch.com (May 15, 2012)

UYG vs. ETF Alternatives

UYG Description

ProShares Ultra Financials seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Dow Jones U.S. Financials IndexSM.
See more details on sponsor's website

Sector: Financial

Country: United States

Key Info

In Your Portfolio: Financial Sector ETFs
Asset Class Performance: Sectors

All
| Earnings
| Dividends
| M&A
| On the move

Tuesday, June 18, 3:04 PM Rising interest rates should be good for bank (XLF) income statements, but maybe bad for bank balance sheets, opines Fitch. Higher long rates mean wider margins which is good for earnings, but securities backing bank capital levels have large unrealized gains attached - gains which could disappear and turn into losses as rates rise. Basel III rules, of course, have yet to be finalized so the ultimate impact is not yet clear. Comment! [Financials]
Monday, June 17, 8:26 AM "Higher rates without meaningful economic growth are bad for banks (XLF), says FBR's Paul Miller, making a counterpoint to last week's line of bank executives welcoming the recent increase in interest rates. KBW's Chris Mutascio is also skeptical, noting short-term rates driving loan pricing could stay flat while assets pegged to long-term yields lose value. Comment! [Financials]
Friday, May 31, 3:21 PM Large-cap banks are poised for multiple expansion, says Sterne Agee, as discussions with managements along with data points from recent investor presentations suggest business in Q2 is doing better than expectations. The team is recommending a basket of C, JPM, MS, and GS. In a similar vein, they like a basket of "discounted regionals" - PNC, MTB, RF, USB, and STI. Comment! [Financials]
Thursday, May 30, 11:36 AM "The smartest people in banking want to be bankers again," says Cramer, pointing to the recent IPO of Customers Bancorp (CUBI), led by CEO Jay Sidhu. Sidhu previously built Sovereign Bank into one of the country's largest before flipping it to Santander. He says financials (XLF +1%) are the market's most undervalued group and set to "make fortunes" as long rates head up. Deep-value investor Richard Pzena agrees. Comment! [Financials]
Tuesday, May 28, 11:06 AM Can't make this stuff up. Moody's upgrades its outlook on the U.S. banking system (XLF) to Stable from Negative, citing "continued improvement in the operating environment and reduced downside risks to the banks from a faltering economy." The outlook had been Negative since 2008. 3 Comments [Financials]
Tuesday, May 21, 8:49 AM Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways," is #4 of Bob Farrell's "Market Rules to Remember." Channeling that, BAML's Steve Suttmeier sees stocks continuing their run with risks of a topping-out not arriving unti late summer. He's most bullish on industrials (XLI) - particularly "oversold" EXPD, DE, CAT, FDX - and also thinks financials (XLF) will remain market leaders. 4 Comments
Friday, May 17, 8:13 AM Thomas Lee lifts his year-end S&P 500 (SPY) forecast to 1,715 from 1,580 as the bull has already outrun his expectations. His team sees clues economic performance is picking up, including the outperformance of semiconductors (XSD) vs. transports (IYT), and the steepening of the 10 year/30 year Treasury curve. Risk/reward is particularly appealing in tech (XLK), healthcare (XLV), and financials (XLF). Comment!
Friday, May 17, 5:56 AM UBS upgrades global financials to Overweight from Underweight on a healing global economy, rebuilt capital, and the sector's shift "from being a net issuer to a net distributor of cash." Furthermore, the U.S. banking sector (XLF) is taken to Overweight as balance sheet strength and attractive valuations play well with the housing market recovery to create compelling opportunities. European banks (EUFN) are lifted to Neutral "with a preference towards Nordic and U.K. banks." Financials respond in London with LLoyds Banking Group (LYG) +2.3%, Royal Bank of Scotland (RBS) +3.3%, and Barclays (BCS) up 0.5%. 6 Comments [Financials, Global & FX]
Wednesday, May 15, 7:54 AM "You're getting cost cuts as a means of sustaining performance and that's not a great sign," says analyst Simon Maughan. "What HSBC (HBC) is showing you (job cuts earlier) is that there is very little growth in the banking industry (XLF) for years to come." CEO Stuart Gulliver notes HSBC has met its savings target, but hasn't met a goal to reduce costs as a percentage of revenue because revenue hasn't grown. 1 Comment [Financials]
Wednesday, April 24, 3:58 PM Richard Pzena (PZN) - still heavily overweight financials (XLF) and mature tech (XLK) - makes his case for global banks in today's earnings call (transcript): With capital levels of 11-13% at JPM, C, and BCS double what they were pre-crisis, will regulators allow banks to earn a decent return on said capital? A definite "yes," says Pzena, seeing no reason demand for financial products won't continue to grow faster than GDP, and noting bank managers' "laser-like focus" on improving returns. An average price-to-book ratio of 0.7x combined with a modest ROE of 12-13% suggests fair value more than double current prices. Comment! [Financials, Tech, Quick Ideas]
Thursday, April 18, 7:37 AM Coming alongside a rise in lender earnings are calls for tougher regulation, including even more stringent capital requirements. Bank profits have thrived the past few years even with all the new rules, but maybe at the expense of economic growth. "The government aimed a Stinger missile at the banking industry and missed and hit the consumer as well," says Dick Bove. The XLF has about matched the S&P's 120% rise since the March 2009 bottom. 1 Comment [Financials]
Monday, April 15, 12:28 PM The Brown/Vitter bill being rolled out in Congress is essentially Armageddon to the TBTF banks, says Goldman, seeing it as mandating another $1.1T in equity for the banking system. Banks would need 12 years of earnings to build this amount organically, though the bill would give just 5 - say goodbye to lending. Break up the banks? BAC, C, JPM, and WFC all have multiple divisions with more than $400M in assets - the level at which the bill gets tough on lenders. 22 Comments [Financials]
Monday, April 15, 11:24 AM A 2.5% move up in Citigroup following earnings is allowing the banks (XLF) to tread water or even move higher in an otherwise bright red tape. Leading the S&P on the downside is the resources sector, XLE -2.9%, XLB -2.5%. S&P 500 (SPY) -0.7%. Comment! [Financials]
Friday, April 12, 12:09 PM "Expect more pronounced slowing" in mortgage banking and loan demand, says Sterne Agee's Todd Hagerman after this morning's earnings from Wells Fargo and JPMorgan. Mortgage banking income fell as expected, but both banks reported slowing application volumes as well, suggesting future cuts to earnings estimates. XLF -0.8%. 7 Comments [Financials]
Wednesday, April 10, 3:59 PM In comments with potential implications for the banking sector, CLSA analyst Mike Mayo says he sees a rebirth of shareholder rights in the sector with institutional investors taking control of their ownership stake. A "country club sort of attitude" has been prevalent for too long among bank boards, with directors getting fired one out of 3,000 times, Mayo says. (video) Comment! [Financials]
Tuesday, April 9, 6:43 PM A Goldman Sachs note helps explain some of the recent weakness in big bank stocks and adds a warning signal: Banks that gain more than 10% in Q1 usually give back nearly all those profits in Q2 when future earnings estimates begin falling. Goldman's top concern heading into Q1 earnings is that "lackluster fundamentals could lead to a negative EPS revision cycle (which has been the trend the past few years)." 5 Comments [Financials, Quick Ideas]

James Gepperth
$UYG Not concerned about legislation from congress to squelch big banks. Historically, bankers have always been smarter than politicians.
Apr 15, 1:18 PM
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James Gepperth
$DDM, $SSO, $UYG, $URE.. The markets are flying high. More sequester please!
Apr 10, 12:19 PM
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ltfinger
New Upgrades (3/5/13): $TQQQ, $UYG, $VECO, $VIAB, $VLO, $VNO, $XOM
Mar 5, 11:53 PM
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ljsquid
We are going to take profits on some of our UYG shorts. From June 3 through the end of the year, we made 33% on this trade.
1/8/12
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O. Young Kwon
Sold ProShares Ultra Financials ETF (UYG), taking a 0.9% profit (1 ady). yk
11/2/11
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O. Young Kwon
Bought ProShares Ultra Financials ETF (UYG) as a special case. yk
11/1/11
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O. Young Kwon
Sold ProShares Ultra Financials (UYG), taking a 5.% gain (2 days). (UYG is not a TANER member, but it's a special case.) yk
10/5/11
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O. Young Kwon
Bought Proshares Ultra Financials (UYG) which is not a TANER member. yk
10/3/11
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O. Young Kwon
Sold ProShares Ultra Financials (UYG), taking a 0.6% gain (far lower than expected) (3 days). yk
9/13/11
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O. Young Kwon
Bought Proshares Ultra Financial ETF (UYG) to get a max reward from an undue euro effect today. yk
9/9/11
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