Active broad-market exchange-traded funds in Monday's regular
SPDR S&P 500 ETF Trust (
iPath S&P 500 VIX Short Term Futures TM (
Select Financial Sector SPDRs (
iShares MSCI Emerging Markets Index (
PowerShares QQQ Trust, Series 1 (
): +0.35%, near 52 week highs
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others are all slightly higher. Actively traded PowerShares QQQ (
) is edging up 0.04%.
U.S. stock futures have turned mixed, with the S&P 500
slipping and the DJIA and Nasdaq pointing to a higher open.
Investors are still focused on talks to raise the government's debt
ceiling as an Oct. 17th deadline looms. Earnings from major
corporates, such as Citigroup and Coca-Cola, are also in the news.
Coca-Cola is up 1.2% despite reporting results that came in just
shy of estimates.
Winners and Losers
Commodities funds are among the most active pre-market amid
expectations lawmakers are nearing a breakthrough in talks to raise
the government's borrowing limit.
Crude was down 0.58%; United States Oil Fund (USO) has fallen
0.5%. Natural gas was up 0.5%, and United States Natural Gas Fund
(UNG) is flat after a higher close Monday.
Gold is down 1%, and SPDR Gold Trust (GLD) is down 0.8%. Silver
has dropped 3%; iShares Silver Trust (SLV) was down 2.5%.
Among stocks, Molycorp (MCP) is down almost 23% after saying it
plans to sell up to $200 million worth of common stock, with a
further $30 million available in an over-allotment option. The
funds will be used to finance capital expenditure.
Power Play - SPDR S&P Metals and Mining has a 3.6% weighting
to Molycorp, while Market Vectors Rare Earth Strat Met (REMX) has a
Select Financial Sector SPDRs (
) is unchanged. Direxion Daily Financial Bull 3X shares (FAS) is
down 0.5%. Its bearish counterpart, FAZ, is gaining 0.18%.
Among financial stocks, Citigroup (C) reports Q3 net income of
$1.00 per share on revenue of $17.9 billion, up from $0.15 per
share on revenue of $13.7 billion in the year ago quarter.
Excluding CVA/DVA in both periods and the MSSB loss in the third
quarter 2012, Q3 revenues were $18.2 billion, down 5% from the
prior year period. Excluding CVA/DVA and the tax benefit in both
periods, as well as the MSSB loss in Q3 2012, earnings were $1.02
per diluted share, down 4% from the prior year period. The analyst
consensus on Capital IQ called for non-GAAP earnings of $1.09 per
share, GAAP earnings of $1.03 per share, and revenue of $18.8
billion. C is down 1.3% pre-bell.
Technology Select Sector SPDR ETF (XLK) is unchanged but remains
near 52-week highs; among other tech ETFs - 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 quiet so far after modest gains on Monday.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) is
flat after hitting a 52-week high of $58.83 Monday; Semiconductor
Sector Index Fund (SOXX), was up 1.7% setting a 52 week highs of
$69.17. SPDR S&P International Technology Sector ETF (IPK) is
In sector news, Consulting, technology, and outsourcing services
provider Accenture Plc (ACN) formed a joint venture with technology
company Siemens (SI) in the smart grid field. The new company,
named Omnetric Group, will provide the energy industry with
solutions and services focused on data management and systems
integration. These solutions will integrate operational
technologies such as distribution management and real-time grid
operations. SI is down 2% to $121.68 in pre-market trade.
Dow Jones U.S. Energy Fund (IYE) is flat after modest gains
Monday. Energy Select Sector SPDR (XLE) edged up 0.08% after-hours,
though is quiet so far this morning.
In sector news, Kosmos Energy (KOS) has agreed three farm-out
agreements with BP plc (BP), covering three blocks in the Agadir
Basin, offshore Morocco. BP will acquire a non-operating interest
in each of the Essaouira Offshore, Foum Assaka Offshore and
Tarhazoute Offshore blocks and will fund Kosmos' share of the cost
of one exploration well in each of the three blocks, subject to a
maximum cost per well.
Consumer Staples Select Sector SPDR (XLP) was leaning higher
after-hours, though is unchanged pre-bell. iShares Dow Jones US
Consumer Goods (IYK) and Vanguard Consumer Staples ETF (VDC) were
In sector news, Domino's Pizza (DPZ) fell more than 1% in
pre-market trading to $68.00 after saying its Q3 adjusted, diluted
earnings rose 18.6% to $0.51, coming in just below the $0.52
average Capital IQ analyst estimate. The company said domestic same
store sales rose 5.4% in Q3 while the international division's same
store sales rose 5%. Total revenues rose 6.9% to $404 million,
coming in just ahead of the $402 million average estimate.
Health Care SPDR (XLV) is flat at $51.60. Among other healthcare
ETFs, Vanguard Health Care ETF (VHT) and iShares Dow Jones US
Healthcare (IYH) were unchanged. Biotech ETF iShares NASDAQ
Biotechnology Index (IBB) rose 0.3% after hours and is quiet this
In corporate news, Johnson & Johnson (JNJ) is up 1.3% as it
reports Q3 adjusted EPS of $1.36, ahead of the analyst consensus of
$1.32 per share on Capital IQ. Sales were $17.6 billion, vs.
expectations of $17.4 billion. The company increased its earnings
guidance for full-year 2013 to $5.44 - $5.49 per share. The Street
is at $5.46 per share.
Select Sector SPDR-Industrial (XLI) and other industrial ETFs
iShares Trust Dow Jones U.S. Industrial Sector Index Fund (IYJ) and
Vanguard Industrials (VIS) were flat after a firmer close on
Among stocks, Foster Wheeler (FWLT) said a unit of its Global
Power Group has won a contract to design, supply and build a 50
gross megawatt electric circulating fluidized-bed boiler island for
the Tychy Heat and Power Station in Poland. The contract was
awarded by Elektrobudowa S.A. Foster Wheeler said the contract
value will be included in the company's bookings for Q3. It didn't
provide the value.