Active broad-market exchange-traded funds in Thursday's regular
SPDR S&P 500 (
iShares MSCI Emerging Markets Index (
iPath S&P 500 VIX ST Futures ETN (
iShares Russell 2000 Index (
PowerShares QQQ Trust, Series (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM and IVV
were mixed. Likewise, actively traded PowerShares QQQ (
) was up 0.89%.
U.S. stocks were higher at session's half following news that
Russian President Vladimir Putin said he does not want to challenge
the West over the issue of Crimea annexation. This eased the
worries over tensions in Eastern Europe and helped offset downbeat
data Germany,which earlier reported that growth contracted 0.2% for
Q2, resulting in flat EU-zone GDP.
Back home, the Labor Department reported that weekly jobless
claims rose 21,000 to 311,000- the highest level since June. This,
however, is still near pre-recession levels. Meanwhile, the U.S.
import-price index slipped by 0.2% in July, led by lower fuel
prices. Excluding fuel, import prices were unchanged in July. On
the other hand, the U.S. export-price index were unchanged in
Power Play: Consumer
Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US
Consumer Goods (IYK), and Vanguard Consumer Staples ETF (VDC) were
Noodles (NDLS) was down 21.22% and hit a new all-time low
Thursday, after the restaurant chain reported late Wednesday Q2
sales and earnings that were below analysts' estimates. It posted
Q2 revenue of $99.2 million, below the analyst consensus of $103
million on Capital IQ. EPS was $0.12, below the Street view of
$0.15 per share. Comparable restaurant sales decreased 0.6% for
company-owned restaurants, 1.2% for franchise restaurants and 0.7%
system-wide. For 2014, the company expects flat comparable
restaurant sales growth and flat adjusted EPS growth.
Winners and Losers
Select Financial Sector SPDRs (XLF) was up 0.49%. Direxion Daily
Financial Bull 3X shares (FAS) was up 1% while its bearish
counterpart, FAZ, was down 1.07%.
Blue Ridge Capital on Thursday reported it has taken stakes in
credit card companies Mastercard (MA) and Visa (V). The investment
fund took had a holding of 1,675,000 MasterCard shares worth
$123,062 as of end June plus 123,062 Visa shares worth $126,426. It
had no shares in the two companies as of end March. MA shares were
down 0.63% while V shares was up 0.31%.
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 lower. SPDR S&P International Technology Sector ETF
(IPK) was flat.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was
up0.08% and Semiconductor Sector Index Fund (SOXX) was up 0.18%
OmniVision Technologies (OVTI) wasup 13.13% after it said it
received a non-binding proposal from Beijing-based investment
management company, Hua Capital Management Ltd. to buy the company
for $29 per share in cash. The investment group led by Hua Capital
Management includes Shanghai Pudong Science and Technology
Investment Co. Ltd., a wholly state-owned limited liability
company, established directly under the Pudong New Area government
of Shanghai. The company's board of directors is reviewing and
evaluating HCM's proposal.
Dow Jones U.S. Energy Fund (IYE) was down 0.18%; Energy Select
Sector SPDR (XLE) was down 0.05%.
Profire Energy (PFIE) was up 8.7% after the developer of
combustion-management technologies reported fiscal Q1 earnings that
topped the Street view while revenue also surpassed analysts'
expectations. Profire Energy reported comprehensive income of $2.5
million, or $0.05 per share, up from $1.5 million, or $0.04 per
share, a year earlier. Revenue increased 83% to a record $13.1
million. The Street estimate was for earnings of $0.03 per share on
revenue of $9.5 million, according to Capital IQ. The company
reiterated its prior forecast for fiscal 2015 total revenue to
range between $46 million and $48 million, an increase of 30% to
36% from the prior year. That is in line with the Street's latest
consensus estimate of $47.1 million. PFIE also confirmed it expects
fiscal 2015 net income to range between $7 million and $9 million,
which represents an increase of 25% to 61% from the prior year.
Crude was down 1.59%; United States Oil Fund (USO) was down
1.67%. Natural gas was up 2.33% and United States Natural Gas Fund
(UNG) was up 2.61%.
Gold was down 0.01%, and silver was down 0.08%. Among rare metal
funds, SPDR Gold Trust (GLD) was up 0.12% and iShares Silver Trust
(SLV) was up 0.21%.
Health Care SPDR (XLV), iShares Dow Jones US Healthcare (IYH)
and Vanguard Health Care ETF (VHT) were in the green. Biotech ETF
iShares NASDAQ Biotechnology Index (IBB) was up 1.99%.
Conatus Pharmaceuticals (CNAT) was down 10.61% after the company
reported late Thursday a Q2 net loss compared to profit in the
comparable quarter of last year. The biotech's quarterly loss of
$0.34 was lower than analyst consensus of $0.39 per share, per
Capital IQ, and a turn from Q2 2013 EPS of $0.16.
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