Active broad-market exchange-traded funds in Monday's regular
SPDR S&P 500 ETF Trust (
): -0.06%, with new 52-week highs
iShares MSCI Emerging Markets Index (
PowerShares QQQ Trust, Series 1 (
iShares Russell 2000 Index (
): +0.13%, with new 52-week highs
iShares FTSE/Xinhua China 25 Index (
Broad Market Indicators
Many broad-market exchange-traded funds, including SPY, IWM, IVV
and others were edging lower, but with some reaching or are near
52-week highs. Actively traded PowerShares QQQ (
) was down 0.02%.
U.S. stocks were mostly in positive territory and were near
session and/or record highs, following gains from Friday's session,
which were in turn prompted by the surprise rate cut by the
European Central Bank and a stronger-than-expected October non-farm
payrolls report. Investors are looking ahead to economic data to be
released this week, including October import and export prices, and
the October treasury budget - all due on Wednesday, 8:30 am; the
Senate confirmation hearing of Janet Yellen as the new head of the
Federal Reserve on Thursday will also be in focus.
Power Play: Healthcare
Health Care SPDR (XLV) was up 0.21%, and reached a new 52-week
high. Likewise, Vanguard Health Care ETF (VHT) and iShares Dow
Jones US Healthcare (IYH) were in the green, both with fresh new
52-week highs. Biotech ETF iShares NASDAQ Biotechnology Index (IBB)
was up 0.32%.
Among stocks, rare disease drug company ViroPharma Inc. (VPHM)
climbed 25.5%, but is off its best level of $49.47, its highest
level in near 12 years. The surge follows an early Monday
announcement that VPHM has been sold to U.K.-based Shire for $50
per share, or $4.2 billion, in cash. ADRs of Shire (SHPG) were up
0.33% after hitting record highs earlier.
Winners and Losers
Select Financial Sector SPDRs (XLF) was up 0.12%, near its
52-week high. Direxion Daily Financial Bull 3X shares (FAS) was up
0.82%, with a new 52-week high. Its bearish counterpart, FAZ, was
down 0.78% after sinking to a new 52-week low.
Among financial stocks, brokerage firm
(SCHW) is up 0.25% after hitting a record high following the
release of its Independent Advisor Outlook Study, which suggests
70% of Registered Independent Advisors (RIAs) are optimistic about
growth opportunities over the next five years. The company's Schwab
Advisor Services unit also announced new technology initiatives
including an app called Schwab OpenView Mobile and plans for
Project PM2, an upcoming portfolio management approach.
Technology Select Sector SPDR ETF (XLK) was lower, but hit a new
52-week high; iShares Dow Jones US Technology ETF (IYW), and
iShares S&P North American Technology ETF (IGM) inched up, with
new 52-week highs; iShares S&P North American
Technology-Software Index (IGV) was down 0.28%.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) were in the red. SPDR
S&P International Technology Sector ETF (IPK) was flat.
Among stocks, Gogo Inc. (GOGO) was up more than 26% to a record
high of $23.94 after the company said revenue jumped 48% to $85.4
million in Q3; adjusted loss widened $0.22 a share, compared with
$0.16 loss per share, a year ago. It raised the top end of its
full-year guidance to $325 million from $315 million.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) were firmer - with both reaching new 52-week highs
In sector news, Transocean (RIG) was up 3.97% after disclosing
it entered into an agreement with Carl Icahn and certain investment
funds managed by Icahn. Under the terms of the agreement,
Transocean's Board agreed to propose and support at its annual
meeting: a $3 per share dividend; the re-election of Samuel
Merksamer and election of Vincent Intrieri, two Icahn employees; a
reduction in board seats to 11 from 14; and Icahn agreed to vote in
favor of the board's slate of director nominees.
Crude was up 0.41%; United States Oil Fund (USO) was up 0.71%.
Meanwhile, natural gas was up 0.22%, and United States Natural Gas
Fund (UNG) was down 0.17%.
Gold was down 0.25%, and SPDR Gold Trust (GLD) was down 0.39%.
Silver was up 0.04%; iShares Silver Trust (SLV) was down 0.63%.
Consumer Staples Select Sector SPDR (XLP) was down 0.28%, after
reaching a new 52-week high; Vanguard Consumer Staples ETF (VDC)
and iShares Dow Jones US Consumer Goods (IYK) edged lower, although
both touched new 52-week highs earlier.
Among stocks, tire company Cooper Tire & Rubber Co. (CTB)
said it signed a letter of intent to work with private start-up
Elio Motors Inc., which is pioneering a three-wheeled,
two-passenger vehicle. Once the agreement is finalized, Cooper
intends to supply Elio tires as original equipment. Financial
details weren't released. Shares were up 3.55%.