Active broad-market exchange-traded funds in Thursday's regular
SPDR S&P 500 (
iShares S&P 500 (
PowerShares QQQ (
iShares Russell 2000 (
iShares Russell 1000 Growth (
iShares MSCI Emerging Markets Index (EEM): +0.39%
United States Oil Fund (USO): +0.45%
SPDR Gold Shares (GLD): +1.39%
Select Financial Sector SPDRS (XLF): +1.20%
Pre-Market Most Active:
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are weaker. Actively traded PowerShares QQQ (
) is down 0.47%.
U.S. stock futures are looking to open in the negative after the
Commerce Department reported that April consumer spending in the
U.S. slipped 0.2% on a seasonally adjusted basis - the sharpest
decline in nearly a year and more than the expected 0.1% decline,
according to analysts polled by MarketWatch. Personal income also
dipped less than 0.1% in April, missing the forecast of a 0.2%
Winners and Losers
Select Financial Sector SPDRs (XLF) is down 0.25%. Direxion
Daily Financial Bull 3X shares (FAS) is down 0.91%. Its bearish
counterpart, FAZ, is up 1.04%.
Among financial stocks, American Realty Capital Properties Inc.
(ARCP) is down 0.19% after it said it entered into an agreement to
purchase from GE Capital a $807 million portfolio of 471 net lease
properties comprised primarily of nationally recognized
restaurants. The 471 property portfolio includes assets net leased
to tenants who operate restaurants including: IHOP, Jack in the
Box, Golden Corral, Burger King, Arby's, Taco Bell, Applebee's,
Wendy's, Logan's Roadhouse, and Denny's. These 10 national brands
constitute approximately 64% of the net operating income of the
portfolio to be acquired.
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) are leaning higher.
Semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) look to open in the
SPDR S&P International Technology Sector ETF (IPK) is headed
for a flat to higher open.
In sector news, OmniVision Technologies (OVTI) is up 20.59%
after it reported Q4 EPS of $0.31, ex special items, beating the
Capital IQ consensus estimate of $0.21. Revenues of $336.2 million
also topped the consensus of $319.02 million. The company projects
Q1 EPS of $0.35 - $0.52, ex one-time items, on revenues of $355
million - $390 million, above the Street view of $0.28 EPS on
revenues of $342.77 million.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) are heading for a weaker start.
In sector news, WBI Energy of MDU Resources (MDU) says it's
proposed a natural gas pipeline stretching from far western North
Dakota to western Minnesota where it would connect with Viking Gas
Transmission Company's pipeline system. The project investment is
estimated to be between $650 million and $700 million. The pipeline
has been initially designed to transport approximately 400 million
cubic feet per day of natural gas.
July crude is down 0.79%; July natural gas is up 0.50%. United
States Oil Fund (USO) is down 0.69%. United States Natural Gas Fund
(UNG) is up 0.28%.
August gold is down 0.47% and silver for July delivery is down
2.16%. Among rare metal funds, SPDR Gold Trust (GLD) is down 0.33%;
Market Vectors Gold Miners ETF (GDX) is down 0.73%; and iShares
Silver Trust (SLV) is down 1.68%.
Healthcare ETFs Health Care SPDR (XLV), Vanguard Health Care ETF
(VHT), and iShares Dow Jones US Healthcare (IYH) are pointing to a
positive start. Biotech ETF iShares NASDAQ Biotechnology Index
(IBB) is also pointing higher.
In corporate news, Vanda Pharmaceuticals (VNDA) is up 6.52%
after it submitted New Drug Application (NDA) to the U.S. Food and
Drug Administration (FDA) for tasimelteon, a circadian regulator,
for the treatment of Non-24-Hour Disorder (Non-24), a serious and
rare, circadian rhythm disorder that affects the majority of
totally blind individuals who lack light perception and who
therefore cannot synchronize their master body clock to the 24-hour
day. VNDA had previously announced that the FDA confirmed, at a
recent pre-NDA meeting, that the efficacy, safety and supporting
data package proposed to be included in the NDA would be adequate
to support filing of the NDA for review. The tasimelteon Non-24 NDA
includes data from the largest clinical program conducted to date
for any investigational therapy for the treatment of Non-24.
Power Play -
Consumer ETFs Consumer Staples Select Sector SPDR (XLP), iShares
Dow Jones US Consumer Goods (IYK), and Vanguard Consumer Staples
ETF (VDC) are pointing to a weaker start.
In sector news, Krispy Kreme Doughnuts Inc. (KKD) is up 10.59%
after the company reported Q1 earnings of $0.20 per share, better
than analyst estimates of $0.11 per share, and higher than Q1 2012
earnings of $0.14 per share. Revenues of $120.6 million were better
than analyst estimates of $116.4 million and higher than revenues
of $108.5 million reported in the prior year period. KKD raised its
fiscal 2014 outlook for adjusted earnings per share for fiscal 2014
to between $0.59 and $0.63 compared to the previous range of $0.53
to $0.57. Analysts are expected earnings per share of $0.38.
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