Active broad-market exchange-traded funds at Thursday's regular
SPDR S&P 500 (
iShares MSCI Emerging Markets Index (
iPath S&P 500 VIX Short Term Futures (
Select Sector SPDR Fund - Financial (
PowerShares QQQ Trust, Series 1 (
Broad Market Indicators
Most broad market exchange-traded funds are firmer pre-market
Friday. Actively traded PowerShares QQQ (
) was up 0.29%.
U.S. stock futures were pointing to a higher open on Friday,
which would take the S&P 500 Index to a third straight week of
gains, despite mixed economic data. The frigid weather conditions
across much of North America have largely distorted many of the
figures released this week. Upcoming data includes existing home
sales due out at 10 am ET. The consensus is for a drop of 4.1% in
January after a gain of 1% the previous month.
Power Play: Technology
Technology ETFs were among the best performers in Thursday's
session, with many closing close to record highs. Positive fiscal
Q1 results from Hewlett Packard (HP) released Thursday, which beat
estimates, may continue to buoy sentiment.
Technology Select Sector SPDR ETF (XLK), iShares Dow Jones US
Technology ETF (IYW), iShares S&P North American Technology ETF
(IGM) and iShares S&P North American Technology-Software Index
(IGV) were all unchanged pre-market after closing higher on
Thursday. SPDR S&P International Technology Sector ETF (IPK)
was also flat, but bucked the trend in Thursday's session to close
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) were also unchanged after
In stocks news, Shares in Geeknet, Inc. (GKNT), the parent
company of online retailer ThinkGeek.com, have turned negative and
are down about 4% pre-bell Friday after starting the pre-market
session higher following the release of Q4 results. The company
said Q4 net income was $5.1 million or $0.76 per diluted share
compared to net income of $6.1 million or $0.92 per diluted share a
year ago. Adjusting for one-time items, Q4 2012 income would've
been $0.71 a share, the company said. Analyst estimates on Capital
IQ called for earnings of $1.50 per share on a normalized
Winners and Losers
Select Financial Sector SPDRs (
) was flat. Direxion Daily Financial Bull 3X shares (FAS) edged up
0.35%. Its bearish counterpart, FAZ, was down 0.5%.
Among financial stocks, Washington Real Estate Investment Trust
(WRE) reported net income rose from a year prior while revenue fell
short of Street estimates. Net income attributable to the
controlling interests for the quarter ended December 31, 2013 was
$0.28 per diluted share, compared to $0.04 per diluted share in the
same period one year ago. Q4 FFO was $0.42, two cents better than
the Street view.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) were both unchanged pre-market. XLE traded higher in the
In corporate news, North American crude oil and natural gas
explorer Enerplus Corporation (ERF, ERF.TO) says Q4 2013 net income
was C$29.6 million, or C$0.15 per share, compared to C$34.6
million, or C$0.17 per share, in the same period last year. Funds
flow from operations totaled C$180.7 million, or C$0.89 per share,
down from C$200.4 million, or C$1.01 per share, a year earlier.
Crude was down 0.25%; United States Oil Fund (USO) was
unchanged. Natural gas was up 1.1% and United States Natural Gas
Fund (UNG) was up 1.6%.
Gold was up 0.36% and silver was up 0.3%. Among rare metal
funds, SPDR Gold Trust (GLD) fell 0.17%; iShares Silver Trust (SLV)
Consumer Staples Select Sector SPDR (XLP), Vanguard Consumer
Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) are
unchanged pre-market after all closing higher on Thursday.
Among retail ETFs, SPDR S&P Retail (XRT), PowerShares
Dynamic Retail (PMR), and Market Vectors Retail ETF (RTH) are quiet
after closing mixed.
In stocks news, Shares of Groupon (GRPN) fell in 12% in the
pre-market session, as investors registered their disappointment
with the e-commerce marketplace's late-Thursday warning it expects
a Q1 adjusted loss, which prompted RBC Capital to cut its
investment rating on the stock to underperform from sector perform.
RBC also slashed its target price on GRPN to $7 from $11.
Health Care SPDR (XLV), Vanguard Health Care ETF (VHT) and
iShares Dow Jones US Healthcare (IYH) are flat after a higher
close. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) is also
unchanged after closing at a record high on Thursday.
In corporate news, Shares of Emeritus Corporation (ESC) have
shot up more than 35% in pre-market trading to $29 after the
company announced that it will be merging with Brookdale Senior
Living (BKD) in a transaction estimated at $2.8 billion.
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