Active broad-market exchange-traded funds in Friday'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): -0.27%
United States Oil Fund (USO): -0.37%
SPDR Gold Shares (GLD): +0.25%
Select Financial Sector SPDRS (XLF): -0.34%
Monday's Pre-Market Most Active:
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, were firmer. Actively traded PowerShares QQQ (
) is up 0.44%.
U.S. stock futures were pointing higher, with the S&P 500 on
track to hit 2,000, as M&A news helped lift market sentiment.
Both Burger King (BKW) and Canada's Tim Hortons (THI, THI.TO) were
higher after announcing their plans for a possible merger of their
businesses; InterMune (ITMN) was also climbing in
following news that it will be acquired by Roche.
In economic data, new home sales for July will be released at 10
am ET while the Dallas Fed manufacturing survey will be reported at
10:30 am ET.
Health Care SPDR (XLV) , Vanguard Health Care ETF (VHT) and
iShares Dow Jones US Healthcare (IYH) were flat. Biotechnology fund
iShares NASDAQ Biotechnology Index (IBB) was up 1.38%.
InterMune (ITMN) soared 36.17% in its first pre-market trades
Monday after Roche announced over the weekend a deal to buy
InterMune for $74 per share cash. The total deal value is about
Winners and Losers
Select Financial Sector SPDRs (XLF) is up 0.35%. Direxion Daily
Financial Bull 3X shares (FAS) is up 1.37%. Its bearish
counterpart, FAZ, is down 1.44%.
CME Group (CME) shares were steady in pre-market trade at $74.86
after the financial products company experienced a trading halt
caused by a glitch in very early trading, according to several
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) were inactive. SPDR S&P International Technology Sector
ETF (IPK) was unchanged.
Semiconductor ETFs SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) were also flat.
Qihoo 360 Technology (QIHU) was down 4.37% after the company
reported over the weekend increased earnings and revenues for Q2
ended June 30 due to strong performance in both online advertising
and Internet value-added services. Non-GAAP net income attributable
to shareholders was $69.2 million, or $0.50 per diluted share, on
revenues of $317.9 million. The average analyst estimate was for
non-GAAP diluted EPS of $0.51 and revenues of $310.5 million,
according to Capital IQ. Last year, non-GAAP net income totaled $51
million, or $0.40 per diluted share, on revenues of $151.7
For Q3, revenues are expected to be between $360 million and
$365 million, representing a year-over-year increase of 92% to 94%
and quarter-over-quarter increase of 13% to 15%. The Capital IQ
consensus is for revenues of $358 million.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) were quiet in pre-market trading.
Synthesis Energy Systems (SYMX) said Monday that the company is
realigning its executive leadership to accelerate and improve the
financial performance of its multiple global initiatives, including
distributed power, DRI steel and Chinese joint ventures. Charles
Costenbader, who joined the company as chief financial officer in
September 2013, will now focus on operations as chief operating
officer. Roger L. Ondreko, who joined the company in May 2014 as
chief accounting officer and corporate secretary, will be given
additional financial responsibilities serving as CFO and corporate
secretary. Both Costenbader and Ondreko will report to Robert W.
Rigdon, president and CEO.
Crude was up 0.07%. United States Oil Fund (USO) was up 0.11%.
Natural gas futures was up 1.73%. United States Natural Gas Fund
(UNG) was up 1.51%.
Gold was down 0.08% while silver was up 0.06% . Among rare metal
funds, SPDR Gold Trust (GLD) was down 0.15% and iShares Silver
Trust (SLV) was down 0.21%.
Consumer Staples Select Sector SPDR (XLP) , iShares Dow Jones US
Consumer Goods (IYK) and Vanguard Consumer Staples ETF (VDC) were
Burger King (BKW) and Canada's Tim Hortons (THI, THI.TO) were
climbing higher in pre-market trading after announcing they are in
discussions to combine businesses that could create the world's
third-largest quick service restaurant company to be located in
Canada, with approximately $22 billion in system sales and over
18,000 restaurants in 100 countries worldwide. The restaurant
operators, warn, however that the transaction remains subject to
negotiation of definitive agreements. There can be no assurance
that any agreement will be reached or that a transaction will be
consummated. BKW was up 16.19% while THI was up 16.17%.
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