Active broad-market exchange-traded funds at Friday's regular
iShares MSCI Emerging Markets Index (
SPDR S&P 500 (
): -0.1%, from near its 52-week high
iShares FTSE/Xinhua China 25 Index (
Market Vectors Gold Miners ETF (
Utilities SPDR (
PowerShares QQQ Trust, Series 1 (QQQ): -0.3%, from near its
Broad Market Indicators
Broad market exchange-traded funds were mostly lower pre-market.
Actively traded PowerShares QQQ (QQQ) has slipped 0.08%.
U.S. stock futures are slightly weaker this morning as the Q4
earnings season gets under way in earnest. Investors are waiting to
see if current high stock valuations are supported by earnings
growth. According to Thomson Reuters, Q4 results are expected to
grow 7.3% over the year-ago period. However, the 9.8 ratio of
negative guidance to positive outlooks is currently the largest on
Power Play: Healthcare
Health Care SPDR (XLV), Vanguard Health Care ETF (VHT) and
iShares Dow Jones US Healthcare (IYH) are unchanged. All closed
higher on Friday, setting new records. Biotech ETF iShares NASDAQ
Biotechnology Index (IBB) is gaining 0.9% pre-market, setting a new
In corporate news, Intercept Pharmaceutical (ICPT) is open to
working with a larger drugmaker to bring its drug to treat
nonalcoholic steatohepatitis, or NASH, to patients, Bloomberg
reported citing an interview with CEO Mark Pruzanski. ICPT was off
30% in pre-market trade.
Winners and Losers
Select Financial Sector SPDRs (XLF) is flat. Direxion Daily
Financial Bull 3X shares (FAS) was down 0.12%. Its bearish
counterpart, FAZ, was up 0.8%.
Among financial stocks, Legg Mason (LM) expects Q3 net income in
the range of $0.65 to $0.68 per share, or $79 to $83 million, which
is says is above the current analysts' consensus estimates. The
Street view for GAAP EPS is $0.61 per share on Capital IQ, while
normalized non-GAAP EPS is seen at $0.84 per share.
Technology Select Sector SPDR ETF (XLK), iShares Dow Jones US
Technology ETF (IYW), iShares S&P North American Technology ETF
(IGM), iShares S&P North American Technology-Software Index
(IGV) and SPDR S&P International Technology Sector ETF (IPK)
are flat, but near the top of their 52-week range.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) are also unchanged so far
In stocks news, Licensing company Acacia Research Corporation
(ACTG) said that its O.S. Security LLC subsidiary has entered into
a settlement and patent license agreement with Videx, Inc.,
provider of electronic lock cylinders and tracking systems.
The agreement resolves litigation that was pending in the United
States District Court for the Northern District of Illinois.
Dow Jones U.S. Energy Fund (IYE) is flat, and Energy Select
Sector SPDR (XLE) is also unchanged.
In corporate news, Chevron Corporation's (CVX) European upstream
business Chevron North Sea Limited has reached a final investment
decision and received approval from the U.K. Government to proceed
with the development of the Alder Field in the Central North
Crude is down 0.75%; United States Oil Fund (USO) is down 0.9%.
Natural gas was up 2.59% and United States Natural Gas Fund (UNG)
is up 2.57%.
Gold is leaning slightly lower and silver was down 0.58%. Among
rare metal funds, SPDR Gold Trust (GLD) is tipping into the red;
iShares Silver Trust (SLV) is down 0.1%.
Consumer Staples Select Sector SPDR (XLP), Vanguard Consumer
Staples ETF (VDC), and iShares Dow Jones US Consumer Goods (IYK)
are flat after closing firmer on Friday.
Retail ETFs including SPDR S&P Retail (XRT); PowerShares
Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) are flat
after ending the session mixed on Friday.
Among stocks, SodaStream (SODA) reports preliminary 2013 revenue
of about $562 million, below the analyst consensus of $564 million
on Capital IQ. Adjusted net income is expected to be about $52.5
million. Net income is seen at about $41.5 million. The shares are
down 12% pre-bell.
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