Active broad-market exchange-traded funds in Monday'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): -1.26%
United States Oil Fund (USO): -0.21%
SPDR Gold Shares (GLD): -0.26%
Select Financial Sector SPDRS (XLF): -0.73%
Pre-Market Most Active:
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are modestly firmer. Actively traded PowerShares QQQ (
) is up 0.31%.
U.S. stock futures are pointing to a positive open on another
earnings-heavy news day, with Pfizer (PFE), Martha Stewart (MSO)
and Sprint Nextel (S) logging modest gains while Deutsche Bank (DB)
and Merck (MRK) edge lower, following their respective earnings
results. Investors are awaiting the economic data releases for
today - the May Case-Shiller 20-City Index will be reported at 9 am
ET while the Consumer Confidence report for July will be released
at 10 am ET.
Winners and Losers
Select Financial Sector SPDRs (XLF) is up 0.15%. Direxion Daily
Financial Bull 3X shares (FAS) is up 1.30%. Its bearish
counterpart, FAZ, is down 0.31%.
Among financial stocks, Deutsche Bank (DB) is down 4.32% after
the global investment bank reported Q2 EPS of EUR 0.32 per share or
$0.42, versus the CIQ estimate of EUR 0.82 or $1.09 EPS. Revenues
of EUR 8.21 billion or $10.89 billion were below the Street view of
EUR 8.39 billion or $11.13 billion.
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, Gigamon (GIMO) is up 7.84% after the company
reported in Monday's after hour session that Q2 earnings were $0.13
per share, versus the Capital IQ consensus of $0.04. Revenues were
$32.4 million, versus the analyst estimate of $30.94 million. In
the same period last year, the company reported EPS of $0.18 on
revenues of $22.5 million.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) are heading for a firmer start.
In sector news, L&L Energy (LLEN) is up 12.5% after it
issued guidance for fiscal 2013 late Monday. The company expects
EPS of $1.08 versus the $0.89 analyst estimate.
September crude is down 0.81%; September natural gas is down
0.72%. United States Oil Fund (USO) is down 0.78%. United States
Natural Gas Fund (UNG) is down 0.87%.
December gold is down 0.39% and silver for September delivery is
down 1.03%. Among rare metal funds, SPDR Gold Trust (GLD) is down
0.35%; iShares Silver Trust (SLV) is down 0.63%.
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.
In sector news, Herbalife (HLF) is up 6.67% after it reported
late Monday Q2 net sales of $1.2 billion, reflecting an increase of
18% compared to the same time period in 2012, on volume point
growth of 14%. Adjusted net income for the quarter of $150.7
million, or $1.41 per diluted share, compares to Q2 2012 net income
of $132.0 million and EPS of $1.09, respectively. Analysts expected
$1.18 EPS on $1.2 billion in revenue. For Q3 2013, the company
expects EPS of between $1.09 and $1.13; for fiscal 2013, it expects
EPS of between $4.83 and $4.95. The Street expects EPS of $1.16 and
Healthcare ETFs Health Care SPDR (XLV), Vanguard Health Care ETF
(VHT), and iShares Dow Jones US Healthcare (IYH) are pointing to a
negative start. Biotech ETF iShares NASDAQ Biotechnology Index
(IBB) is also pointing lower.
In corporate news, Aetna (AET) is up 3.31% after it reported Q2
earnings of $1.52 per share, ex one-time items, versus the Capital
IQ consensus of $1.40. Revenues were $11.5 billion, versus the
analyst estimate of $11.99 billion. The company now expects FY13
EPS of $5.80 - $5.90, versus the Street view of $5.82.
Power Play -
Industrial ETFs are leaning lower, weighed by fertilizer
companies Potash Corp./Saskatchewan (POT) and Mosaic (MOS), which
plunged in the pre-market session, down 25.33% and 28.87%,
respectively, ollowing media reports that Uralkali, a leading
potash producer in Russia, will halt its export sales through one
of two big potash cartels and instead use its own Uralkali Trading
Financial Times reported that Uralkali pulled out of the Belarus
Potash Corporation export cartel, which controls almost half of the
potash market in the world. Uralkali had alleged that Belarus Potas
violated their existing agreements and was selling outside their
partnership, the report added.
Fertilizer fund, Global X Fertilizers/Potash (SOIL) is currently
flat but could open in the negative. Other ETFs that have exposure
to POT and MOS, like MSCI Global Agriculture Producers ETF (VEGI),
Global Agriculture Portfolio (PAGG) and Market Vectors-Agribusiness
ETF (MOO) could also see some losses.
Industrial ETFs Vanguard Industrials (VIS), iShares Trust Dow
Jones U.S. Industrial Sector Index Fund (IYJ), and Select Sector
SPDR-Industrial (XLI) are expected to open lower.
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