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): +0.58%
United States Oil Fund (USO): -1.41%
SPDR Gold Shares (GLD): +3.15%
Select Financial Sector SPDRS (XLF): +0.82%
Pre-Market Most Active:
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are firmer. Actively traded PowerShares QQQ (
) is up 0.74%, pushing to a new 52-week high.
U.S. stock futures are higher ahead of Friday's open, building
on gains from Thursday's session, with earnings now becoming the
focus after the U.S. narrowly missed defaulting on its debt.
Google's (GOOG) upbeat results are driving internet and tech stocks
higher. In economic data overseas, China's GDP grew 7.8% in Q3,
helping boost market sentiment in global markets.
Power Play: Technology
Internet stocks and ETFs are seeing early positive action
following strong results from tech giant Google (GOOG). GOOG shares
are touching all-time highs this morning and closing in on $1,000 a
share in the wake of better-than-expected results reported by the
company in Thursday's after-hours. Shares are currently up between
959.50 and a high of 977.74 after breaking through 962 in last
night's session. Google reported Q3 revenue of $14.89 bln, better
than the analyst consensus of $14.80 bln on Capital IQ. EPS was
$10.74, vs. expectations of $10.37 per share.
Among internet and tech stocks with weightings in Google: First
Trust DJ Internet Index Fund (FDN), iShares Dow Jones US Technology
ETF (IYW), and PowerShares Nasdaq Internet Portfolio (PNQI), are
leaning higher. Technology Select Sector SPDR ETF (XLK), iShares
S&P North American Technology ETF (IGM), and iShares S&P
Global Technology Sector (IXN) are also firmer, while PowerShares
QQQ Trust, Series 1 (
) is up 0.75%.
Semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) look to open in the green.
iShares S&P North American Technology-Software Index (IGV)
looks to open in the positive, while SPDR S&P International
Technology Sector ETF (IPK) is headed for a flat to higher
Winners and Losers
Select Financial Sector SPDRs (XLF) is up 0.19%. Direxion Daily
Financial Bull 3X shares (FAS) is up 0.28%. Its bearish
counterpart, FAZ, is down 0.82%.
In sector news, Morgan Stanley (MS) is up 3.35% after it
reported Q3 revenue of $7.9 billion, vs. the analyst consensus of
$7.52 billion on Capital IQ. EPS was $0.50, vs. expectations of
$0.41 per share.
Crude for November delivery is up 0.86% while November natural
gas is down 1.03%. United States Oil Fund (USO) is leaning lower.
United States Natural Gas Fund (UNG) is down 1.14%.
Gold and silver for December delivery are down, 0.51% and 0.53%,
respectively. Among rare metal funds, SPDR Gold Trust (GLD) is down
0.18%; iShares Silver Trust (SLV) is up 0.14%.
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, General Motors (GM) worldwide sales rose 4.5%
the first nine months of the year versus the same nine months last
year, Bloomberg reports, citing an e-mailed statement from the
company. Sales rose to 7.25 million with Q3 deliveries rising 5.5%
to nearly 3.4 million.
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, Anacor Pharmaceuticals Inc. (ANAC) was up 23%
after specialty pharmaceutical company Valeant Pharmaceuticals
International Inc. (VRX) said it was ordered to make a one-time
payment of $100 million in damages plus costs and fees to the
biopharmaceutical company, stemming from a breach-of-contract
dispute. VRX shares are flat.
Industrial ETFs iShares Trust Dow Jones U.S. Industrial Sector
Index Fund (IYJ), Vanguard Industrials (VIS) and Select Sector
SPDR-Industrial (XLI) are expected to open higher.
Among stocks, Parker Hannifin (PH) is up 4.85% after it said its
fiscal Q1 earnings rose to $1.61 per share from $1.57 and exceeding
the $1.47 average analyst estimate on Cap IQ. The earnings included
$0.06 per share in expenses associated with previously announced
restructuring initiatives. Revenues rose to $3.23 billion from
$3.21 billion, missing the consensus $3.25 billion estimate. For
fiscal FY14 ending June 30, the maker of motion and control
technologies and systems now expects earnings from continuing
operations of $7.78 to $8.38 per share. This includes restructuring
expenses of $0.47 and a gain of $1.68 per share on a joint venture
between Parker Aerospace and GE Aviation. Analysts have forecast an
EPS of $6.70.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) are heading for a firmer start.
In sector news, Baker Hughes (BHI), an oilfields services
company, posted Q3 adjusted net income of $0.81 per diluted share
compared with $0.71 a year earlier, topping forecasts on Capital IQ
for $0.78. Revenue rose to $5.78 billion from $5.35 billion last
year, just shy of estimates for $5.8 billion.