Active broad market exchange-traded funds in Tuesday'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): +1.17%
United States Oil Fund (USO): +0.90%
SPDR Gold Shares (GLD): +0.05%
Select Financial Sector SPDRS (XLF): +0.84%
Pre-Market Most Active:
SPY, +0.31%, with a new 52-week high of $154.77
XLF, +0.61%, with a new 52-week high of $18.05
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are firmer. Actively traded PowerShares QQQ (
) is up 0.19%.
U.S. stock futures are extending their gains and look to open
higher Wednesday following the report that private sector
employment in the U.S. added 198,000 private jobs, according to ADP
data. This showed a contraction from January's reading, but still
topped the forecasts of 175,000 added jobs, according to a poll by
MarketWatch. Still ahead, January factory orders will be reported
at 10 am ET, petroleum inventories at 10:30 am ET, and the Federal
Reserve's Beige Book at 2 pm ET.
Winners and Losers
Select Financial Sector SPDRs (XLF) is up 0.6%, pushing past its
52-week high of $17.94, which it touched in Tuesday's regular
session. Likewise, Direxion Daily Financial Bull 3X shares (FAS) is
up around 1.5% to a new 52-week high of $158.40. Its bearish
counterpart, FAZ, is down 1.52%, with a new 52-week low of
Among financial stocks, Royal Bank of Scotland Group (RBS) is up
0.6% after the UK's Daily Telegraph reported that Bank of England
Governor Sir Mervyn King, who today appears before the Banking
Standards Commission, has suggested the bank could be split into a
"good" and a "bad" bank. He reportedly added that the way the
part-nationalization of RBS has been handled has been "a
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) are heading for a firmer start, with the latter edging up
In sector news, Western Refining (WNR) shares are up around 1.7%
and nearing its 52-week high of $39.42. Late Tuesday its board of
directors authorized WNR management to explore the formation of a
traditional master limited partnership and begin preparing a
registration statement for an initial public offering. If WNR
determines to further pursue an initial public offering of an MLP,
the issuer would be a wholly owned subsidiary.
April crude edged lower, down 0.4%; May natural gas also slipped
some 0.6%. United States Oil Fund (USO) is down 0.37%. United
States Natural Gas Fund (UNG) is down 0.2%.
April gold eased 0.15%, while, silver for May delivery inched up
0.11%. Among rare metal funds, SPDR Gold Trust (GLD) is up 0.25%;
iShares Silver Trust (SLV) is up around 0.5%.
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, Aegerion Pharmaceuticals (AEGR) inched up
0.03% after it reported a Q4 loss of $0.86 per share, versus the
Capital IQ consensus of $0.64 loss per share. In the same period
last year, the company posted a loss of $0.66 per share. The
company did not report revenues for the quarter. AEGR expects FY13
net revenues of $15 mln - $25 mln, versus the Street view of $24.23
mln. Frr the second half of FY14, AEGR sees global net revenue at a
$100 million annualized run rate.
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 higher start.
Retail ETFs SPDR S&P Retail (XRT), PowerShares Dynamic
Retail (PMR), and Market Vectors Retail ETF (RTH) are leaning
In sector news, Staples (SPLS) slipped more than 5% after it
posted Q4 earnings of $0.46 per share, versus the Capital IQ
consensus of $0.45. Revenues were $6.57 bln, versus the analyst
estimate of $6.7 bln. Comparable store sales for the quarter,
excluding sales in Staples.com, slipped 5% year-over-year. The
company expects FY13 EPS of $1.30 - $1.35, versus the consensus of
$1.38, if comparable. Revenues are projected to increase in the low
single-digits compared to 2012 sales on a 52 week basis.
Power Play -
Tech ETFs 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, Facebook (FB) is higher in the pre-market
session, up around 1.6%, after TechCrunch reported that the company
will be showcasing new features on the social media platform at the
company's media event March 7. These features will cover filters
for news feeds, including feeds for Facebook and Instagram photos,
a music feed covering concerts and new albums, and image-based ads,
the report detailed. TechCrunch cited sources within and close to
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.