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): +1.38%
United States Oil Fund (USO): +1.69%
SPDR Gold Shares (GLD): +1.93%
Select Financial Sector SPDRS (XLF): +0.10%
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 0.16%.
U.S. stock futures are pointing to a positive open following the
Commerce Department's trade data report, which showed that the
trade deficit rose 8.5% to $40.3 billion in April, less than the
expectations of an increase to $41.5 billion from $38.8 billion in
March, according to economists polled by MarketWatch. Still ahead,
investors will be paying close attention to speeches from two
voting Fed officials: Gov. Sarah Bloom Raskin at 12:30 p.m. ET and
Kansas City Fed President Esther George at 1:30 p.m. ET.
Winners and Losers
Select Financial Sector SPDRs (XLF) is up 0.05%. Direxion Daily
Financial Bull 3X shares (FAS) is up 0.37%. Its bearish
counterpart, FAZ, is down 0.46%.
Among financial stocks, HSBC (HBC) is tipping higher, up 0.07%,
following a Bloomberg report that the bank is being sued by New
York Attorney General Eric Schneiderman, who says it "broke New
York foreclosure law and put homeowners at greater risk of losing
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, Salesforce.com (CRM) is acquiring ExactTarget
(ET), a cloud marketing platform, for approximately $2.5 billion.
Salesforce.com will commence a tender offer for all outstanding
shares of ExactTarget for $33.75 per share, in cash. The
transaction has been unanimously approved by the Boards of
Directors of both companies. Salesforce.com shares are up 2.27%; ET
is up 53.17% and is well past a previous 52-week high of
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) are heading for a firmer start.
In sector news, Gastar Exploration (GST) announced today that
Gastar Exploration USA, Inc., the wholly-owned subsidiary of
Gastar, declared a monthly cash dividend on its 8.625% Series A
Preferred Stock for June 2013. The June 2013 dividend payment will
be an annualized 8.625% per share, which is equivalent to $0.179688
per share. The dividend on the Series A Preferred Stock is payable
on July 1 to holders of record at the close of business on June
July crude is down 0.12%; July natural gas is up 0.58%. United
States Oil Fund (USO) is up 0.12%. United States Natural Gas Fund
(UNG) is up 0.42%.
August gold is down 1.10% and silver for July delivery is down
1.68%. Among rare metal funds, SPDR Gold Trust (GLD) is down 1.07%;
iShares Silver Trust (SLV) is down 1.41%.
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, Dollar General (DG) is down 5.34% after it
reported Q1 adjusted EPS of $0.71, in line with the analyst
consensus on Capital IQ. Sales were $4.23 bln, matching
expectations. For FY13, the company expects total sales to increase
10% to 11% over the FY12. Same-store sales are expected to increase
4 to 5 percent. Sales to date in the 2013 second quarter are solid.
The company's 2013 full year gross profit, as a percentage of
sales, is expected to decrease from the full year 2012 gross profit
rate at a level in line with the decrease experienced in the 2013
first quarter. Adjusted operating profit for 2013 is expected to be
in the range of $1.73 billion to $1.77 billion. EPS is seen at
$3.15 to $3.22 per share. The Street view is $3.28 per share.
Power Play -
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, AstraZeneca (AZN) is down 0.35% while
partner, Rigl Pharmaceuticals is down 17.22% after the companies
announced that based on the totality of results from its OSKIRA
Phase III programme, including the data previously reported from
OSKIRA-1, AstraZeneca has decided not to proceed with regulatory
filings for fostamatinib. The company said it will return the
rights to the compound to Rigel Pharma which will decide whether it
will continue the ongoing studies and pursue regulatory
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