Buy on the Dip Prospects: October 9 Edition

Here is a look at ETFs that currently offer attractive income opportunities. The high-yield candidates included in this list meet two sets of criteria. First, each of these funds is deemed to be a high-yield prospect because it boasts an annual dividend yield upwards of 5%.Second, each of these ETFs also boasts over $100 million in total assets under management to help steer investors away from less established funds. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques.To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.59 ETFs made it to the list of buy on the dip prospects this month. The three major U.S. indices fell during this month. U.S. stocks tumbled as trade tensions continued. Also, read U.S. Stock ETFs Decline as Dow Tumble 500 Points by clicking herePrecious metals ETFs topped this month’s list of buy on the dip prospects. Several gold ETFs such as Direxion Daily Gold Miners Bull 3X Shares (NUGT C+) and Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG B-) featured on this month’s buy on the dip prospects’ list as gold prices dropped by more than 2%. VanEck Vectors Gold Miners ETF (GDX B+) and VanEck Vectors Junior Gold Miners ETF (GDXJ B) were also present on the list. Silver ETFs like Sprott Physical Silver Trust (PSLV ), iShares Silver Trust (SLV C+) and Invesco S&P 500 Low Volatility ETF (SPLV A) were also present in the list. Silver prices also fell by nearly 10%. Check out our precious metals ETFs by clicking hereConsumer Staples Select Sector SPDR Fund (XLP A) which tracks the performance of S&P 500 consumer staples stocks, also ranked amongst the buy of the dip contenders as the consumer staples sector fell by more than 0.6% during the month.Consumer Discretionary Select Sector SPDR Fund (XLY A) which tracks an index of S&P 500 consumer-discretionary stocks was one of the buy on the dip contenders as the consumer discretionary sector declined by over 0.9% during the month. As the U.S.-China trade war drags on, the slowdown is spreading to the consumer sector as well.Materials Select Sector SPDR Fund (XLB A) which tracks the performance of US basic materials companies also made it to the list of buy on the dip prospects as the materials sector registered a fall of 0.02% during the month.Many corporate bond ETFs such as iShares iBoxx $ High Yield Corporate Bond ETF (HYG A) and SPDR Bloomberg Barclays High Yield Bond ETF (JNK A+) made it to the list of buy on the dip prospects as major automakers reported a disappointing set of earnings results last week.Direxion Daily S&P 500 Bull 3X Shares (SPXL B+) provides daily leveraged exposure to the S&P 500 featured on the buy of the dip prospects’ list as the S&P 500 Index fell by 2.5% this month. ProShares UltraPro S&P 500 (UPRO B+) also made it to the list this month. The S&P 500 suffered its consecutive drops of more than 1% this year.To compare this month’s list with the one published on September 11, click here.High-Yield ETFsPlease note that this list is updated on a monthly basis.For more ETF analysis, make sure to sign up for our free ETF newsletter.Disclosure: No positions at time of writing.

More Equity Commentary