Active broad market exchange-traded funds in Wednesday's regular
SPDR S&P 500 (
iPath S&P 500 VIX Short Term Futures TM (
ProShares Trust II (
iShares Russell 2000 Index (
PowerShares QQQ Trust, Series 1 (
iShares MSCI Emerging Index Fund (EEM) +1.6%
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are all heading higher after a weaker close on Wednesday.
Actively traded PowerShares QQQ (
) is up 0.8%.
U.S. stock futures are pointing to a higher open on Thursday,
after a selloff in Wednesday's session as the Federal Reserve
confirmed it plans to go-ahead with the tapering of its stimulus
program. Data out Thursday morning included initial jobless claims,
which rose 19,000 to 348,000 topping forecasts for 330,000, while
Q4 personal consumer spending disappointed after being revised up
to 3.3%, below the 3.7% expected.
Power Play: Consumer
Consumer ETFs Consumer Staples Select Sector SPDR (XLP), iShares
Dow Jones US Consumer Goods (IYK), and Vanguard Consumer Staples
ETF (VDC) are unchanged after falling on Wednesday.
In corporate news, Sherwin-Williams Company (SHW) is down 4.03%
at $181.50 in pre-market trading after the company reported mixed
financial results for Q4, or the quarter ended Dec. 31, 2013, and
issued Q1 and FY14 EPS guidance below the Street consensus.
Winners and Losers
Tech ETFs Technology Select Sector SPDR ETF (XLK) is up 0.3%
pre-market, while iShares Dow Jones US Technology ETF (IYW),
iShares S&P North American Technology ETF (IGM) and S&P
North American Technology-Software Index (IGV) are all
Semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) and
SPDR S&P International Technology Sector ETF (IPK) were all
In sector news, Licensing company Wi-LAN (WILN, WIN.TO) said
adjusted EPS for Q4 2013 grew C$0.08 from last year to C$0.14,
beating the Thomson Reuters consensus of C$0.11. Revenues totalled
C$29.2 million, up from C$21.2 million in the same period last year
but is still shy of the C$29.9 million Capital IQ consensus.
Dow Jones U.S. Energy Fund (IYE) is unchanged and Energy Select
Sector SPDR (XLE) is edging higher, up 0.12%.
In corporate news, Analysts at Goldman Sachs have initiated
coverage of Energy XXI (EXXI) with a Neutral rating and a price
target of $28 a share. The firm said that EXXI offers a pure play
on the U.S. Gulf of Mexico where it has effectively executed a
business model aimed at increasing recovery from large, mature oil
Crude is gaining 0.48%; Natural gas has plunged 4.6%. United
States Oil Fund (USO) is up 0.58%. United States Natural Gas Fund
(UNG) was down 4.3%.
March gold has fallen 0.5% and silver for March delivery has
fallen 1.1%. Among rare metal funds, SPDR Gold Trust (GLD) has
dropped 1.3%; iShares Silver Trust (SLV) is down 2.2%.
Healthcare ETFs Health Care SPDR (XLV) is leaning slightly
lower, while Vanguard Health Care ETF (VHT), and iShares Dow Jones
US Healthcare (IYH) are flat. Biotech ETF iShares NASDAQ
Biotechnology Index (IBB) is down 0.7%.
In corporate news, Celgene Corporation (CELG) was lower more
than 2% in pre-market trade after saying its Q4 earnings rose 14%
to $1.51 per share but nevertheless missing the average $1.55
Capital IQ analyst estimate. Sales were higher at $1.76 million
from $1.45 million a year earlier compared to the $1.7 billion
Select Financial Sector SPDRs (XLF) was up 0.38%. Direxion Daily
Financial Bull 3X shares (FAS) was up 1.4%. Its bearish
counterpart, FAZ, was down 1.4%.
Among financial stocks, Invesco (IVZ) reports adjusted net
revenues of $857 million and operating revenue of $1.22 billion for
Q4. Adjusted EPS was $0.58. The Street called for $1.2 billion in
revenue. It's unclear which number is comparable. On earnings,
analysts expected $0.57 per share for Q4, according to Capital IQ
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