Active broad-market exchange-traded funds in Monday's regular
iShares MSCI Emerging Markets Index (
SPDR S&P 500 ETF Trust (
iPath S&P 500 VIX Short Term Futures (
iShares MSCI Brazil Index (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, were firmer. Actively traded PowerShares QQQ (
) was up 0.54%. Emerging market funds were active after
better-than-expected economic data from China, with the Direxion
Daily India Bull Fund (INDL) gaining 6.3% pre-bell.
U.S. stocks futures are pointing to a higher start as the threat
of imminent U.S. military strikes against Syria receded and data
from China showed the economy there may be stabilizing after a
two-year slowdown. China reported stronger-than-expected industrial
output and retail sales that rose at their fastest pace this
Winners and Losers
Select Financial Sector SPDRs (XLF) was up 0.85%. Direxion Daily
Financial Bull 3X shares (FAS) was up 2.2%. Its bearish
counterpart, FAZ, was down 2.37%.
Among financial stocks, Tower Financial (TOFC) has agreed to be
bought by Old National Bancorp (ONB) in a cash and stock merger.
TOFC will receive 1.20 shares of ONB common stock and $6.75 in cash
(fixed) for each share of TOFC common stock. Based upon the
September 5, closing price of $13.52 per share of ONB common stock,
the transaction is valued at approximately $107.7 million.
Technology Select Sector SPDR ETF (XLK) was flat 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) are all unchanged, but trading
close to their 52-week highs.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD),
Semiconductor Sector Index Fund (SOXX), and SPDR S&P
International Technology Sector ETF (IPK) also continue to trade
near the top of their 52-week ranges. The funds closed higher on
In sector news,
Dow Jones U.S. Energy Fund (IYE) was unchanged and Energy Select
Sector SPDR (XLE) was up 0.57%. Both funds are near the top of
their 52-week ranges.
In sector news, Abraxas (AXAS) shares are flat at $2.52 as it
provides an operational update on its well operations. Abraxas'
40-acre pilot wells, the Camaro B 3H and Camaro B 4H, averaged 739
boepd (691 barrels of oil per day, 289 mcf of natural gas per day)
and 808 boepd (755 barrels of oil per day, 319 mcf of natural gas
per day) over each well's first 30 full days of production,
Crude was down 1.82% as the threat of immediate U.S. military
action against Syria receded. United States Oil Fund (USO) was down
1.4%. Natural gas was down 0.79%, and United States Natural Gas
Fund (UNG) was down 0.74%.
Gold was down 1.4%, and the SPDR Gold Trust (GLD) was down 1.5%.
Silver was down 1.8%; iShares Silver Trust (SLV) was down 1.8%.
Consumer Staples Select Sector SPDR (XLP) was up 0.15%. Among
other consumer ETFs, iShares Dow Jones US Consumer Goods (IYK) and
Vanguard Consumer Staples ETF (VDC) were unchanged.
In sector news, Crocs (CROX) is slumping 5% after cutting Q3
guidance. The rubber shoe company now sees revenue between $285
million and $295 million and GAAP earnings per share between $0.15
and $0.18, versus its prior outlook of revenue between $300 million
and $310 million and GAAP earnings per share between $0.20 and
$0.23. Analysts polled by Thomson Reuters project earnings per
share of $0.23, on $305.08 million in revenues for the period.
Analysts' estimates typically exclude one-time items
Health Care SPDR (XLV) is leaning slightly higher: Vanguard
Health Care ETF (VHT), and iShares Dow Jones US Healthcare (IYH)
are flat after posting moderate gains on Monday. Biotech ETF
iShares NASDAQ Biotechnology Index (IBB), was flat after touching a
52-week high of $205.70 on Monday.
In corporate news, Amicus Therapeutics (FOLD), a
biopharmaceutical company at the forefront of therapies for rare
and orphan diseases, has entered a collaboration with Biogen Idec
(BIIB) to discover, develop and commercialize novel small molecules
for the treatment of Parkinson's disease.B FOLD is up 19% at $3.03
in pre-market trade; BIIB is up 0.7% at $230.50.
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