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): +0.47%
United States Oil Fund (USO): +0.94%
SPDR Gold Shares (GLD): +0.42%
Select Financial Sector SPDRS (XLF): +0.38%
Pre-Market Most Active:
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are edging higher ahead of the session's open. Actively
traded PowerShares QQQ (
) is up 0.11%.
U.S. stock futures are also logging modest gains as optimism
over upbeat corporate earnings continues. Market sentiment is also
positive as the Federal Reserve has maintained its bond-buying
program, reassuring the markets that a tapering may not come as
soon as initially expected. Apple (AAPL) will be in focus as the
tech giant is set to report its financial results in today's after
Power Play: Healthcare
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
In sector news, Zogenix (ZGNX) is up 16.12% after the FDA
approved Zohydro ER (hydrocodone bitartrate) extended-release
capsules, an opioid agonist, extended-release oral formulation of
hydrocodone without acetaminophen, for the management of pain
severe enough to require daily, around-the-clock, long-term opioid
treatment and for which alternative treatment options are
inadequate. Zogenix expects to launch Zohydro ER in approximately
Winners and Losers
Select Financial Sector SPDRs (XLF) is leaning higher. Direxion
Daily Financial Bull 3X shares (FAS) is up 0.84%. Its bearish
counterpart, FAZ, is down 0.83%.
Among financial stocks, Loews (L) was up 1% after it reported Q3
earnings of $0.73 per share, compared with the prior-year period's
$0.45 per share. Analysts polled by Capital IQ were expecting EPS
of $0.78, if comparable. Revenues were $3.7 billion, down from
$3.71 billion in the same period last year. There were no analyst
estimates for revenues.
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 looking to open in the green.
Semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) are currently flat. SPDR
S&P International Technology Sector ETF (IPK) is headed for a
flat to higher open.
In sector news, Chinese online game developer Changyou.Com Ltd
(CYOU) is down nearly 16% after it reported Q3 2013 non-GAAP
earnings per ADS of $1.37, better than the $1.36 Capital IQ
consensus but is down from $1.42 in the prior-year period. Revenues
rose 10% to $183.1 million year-over-year, slightly beating the
analyst estimate of $183 million. For Q4, CYOU sees revenues of
$193 million to $199 million, above the consensus estimate of $191
million. For non-GAAP diluted earnings, the company is looking for
$0.34 to $0.41 per ADS.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) are flat.
In sector news, Kosmos Energy (KOS) said it has entered into a
farm-out agreement with Capricorn Exploration & Development
Company Limited, a unit of of Cairn Energy PLC over its assets in
the Cap Boujdour contract area in the western Sahara. Under the
terms of the agreement, Cairn will acquire a 20% non-operated
interest in the exploration permits for the area and will pay a
disproportionate share of future exploration costs including a 3D
seismic survey, an initial exploration well in 2014 and, if
successful, two appraisal wells.
December crude is down 0.19% while natural gas for January
delivery was down 1.65%. United States Oil Fund (USO) is down
0.11%. United States Natural Gas Fund (UNG) is down 1.69%.
Gold and silver for December delivery are lower, down 0.07% and
0.139%, respectively. Among rare metal funds, SPDR Gold Trust (GLD)
is down 0.02%; iShares Silver Trust (SLV) is up 0.41%.
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, IMAX Corporation (IMAX, IMX.TO) has acquired a
stake and a significant option position in PRIMA Cinema Inc., whose
proprietary systems transmit current theatrical releases from
powerhouse studios like Paramount Pictures and Universal Pictures.
IMAX plans to integrate the PRIMA Cinema technology into the IMAX
Private Theatre and other potential platforms, enhancing the image
and sound of the content through its digital re-mastering process,
which enables IMAX customers to access current theatrical releases
of the highest possible quality.
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, Roper Industries (ROP) is down 1.5% after it
reported adjusted diluted earnings per share were $1.42, within the
company's guidance of $1.40 - $1.46. That's short of the $1.45 per
share analysts expected. The company said it expects full-year
adjusted diluted earnings per share to be in the range of $5.57 -
$5.63 compared to its previous guidance of $5.72 - $5.8; analysts
expected $5.77 for 2013. Q4 adjusted diluted earnings per share is
expected to be $1.57 - $1.63, short of the $1.74 the Street
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.