Active broad-market exchange-traded funds in Monday's regular
SPDR S&P 500 ETF Trust (
Direxion Daily Gold Miners Bull 3X Shares (
iShares MSCI Emerging Markets Index (
iPath S&P 500 VIX Short Term Futures (
): +0.9%, from near 52-week lows
Select Financial Sector SPDRs (
Pre-Market Most Active
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV are
rebounding from losses to show modest gains. Actively traded
PowerShares QQQ (QQQ) was up 0.4%.
U.S. stock futures are leaning higher after four straight
sessions of losses. Retail stocks are the main focus, with big
names such as Home Depot (HD) and Best Buy (BBY) trading sharply
higher following better-than-expected earnings reports.
Winners and Losers
Select Financial Sector SPDRs (
) and Direxion Daily Financial Bull 3X shares (FAS) are flat after
steep losses on Monday. Its bearish counterpart, FAZ, is down
Among stocks, W&G Investments is bidding up to $2.35 billion
to acquire 316 RBS (RBS) branches, which the bank is selling as
part of the conditions of its bailout in 2008. RBS is flat at
Technology Select Sector SPDR ETF (XLK) and other tech
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 flat.
Semiconductor ETFs, SPDR S&P Semiconductor (XSD) was leaning
lower while Semiconductor Sector Index Fund (SOXX) is unchanged
after a 0.7% loss on Monday.
SPDR S&P International Technology Sector ETF (IPK) was
In sector news, Lexmark International, Inc. (LXK) said it agreed
o acquire Germany-based Saperion AG, a developer and provider of
enterprise content management and business process management
software for about $72 million in cash. LXK is unchanged
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) are unchanged so far after both losing 1% on Monday.
In sector news, Analysts at Canaccord Genuityhave initiated
coverage of energy company Apache Corporation (APA) with a Buy
rating. The firm set its price target at $106 a share. In the
pre-market session, shares of APA are steady up 0.3%, amid a
52-week range of $67.91 - $94.87.
Crude was down 0.98%; natural gas was up 0.44%. United States
Oil Fund (USO) was down 0.86% from near 52 week highs. United
States Natural Gas Fund (UNG) was up 0.49%.
Gold was up 0.37%; and silver was leaning into the red. Among
rare metal funds, SPDR Gold Trust (GLD) was up 0.16%; iShares
Silver Trust (SLV) was up 0.04%.
Consumer Staples Select Sector SPDR (XLP) and other consumer
ETFs iShares Dow Jones US Consumer Goods (IYK), and Vanguard
Consumer Staples ETF (VDC) may gain after better-than-expected
results from major retail companies including Home Depot (HD) and
Best Buy (BBY).
In sector news, Best Buy (BBY) shares are surging 15.1% at
$35.36 as it reports Q2 revenue of $9.3 billion, down slightly from
$9.339 billion recorded in the year ago quarter but ahead of the
analyst consensus of $9.11 billion on Capital IQ. Non-GAAP EPS was
$0.32, up from $0.26 per share last year and ahead of the Street
view of $0.11 per share, if comparable.
Health Care SPDR (XLV) is flat; Vanguard Health Care ETF (VHT),
and iShares Dow Jones US Healthcare (IYH) are unchanged after gains
on Monday. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) was
In corporate news, Medtronic (MDT) reported Q1 EPS that came in
line with consensus forecasts but was just shy on revenue. MDT is
flat at $54.10. Net earnings and diluted earnings on a non-GAAP
basis were $898 million, or $0.88, up 2% and 4%, respectively, over
the same period last year. Revenue was $4.083 billion, compared to
the $4.008 billion last year and just under the $4.1 billion
analysts had been looking for.
Select Sector SPDR-Industrial (XLI) and other industrial ETFs
Vanguard Industrials (VIS) and iShares Trust Dow Jones U.S.
Industrial Sector Index Fund (IYJ) were showing little
In sector news, Cummins (CMI) plans to disclose a contract with
Nissan to supply a diesel engine for its Titan pickup truck, the
Wall Street Journal reports, citing "people familiar with the
matter." Cummins now supplies diesel engines for some Chrysler
Group pickup trucks. CMI close down 1% Monday, trading in a 52-week
range of $85.88 to $128.30.
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