Active broad-market exchange-traded funds at mid-day:
SPDR S&P 500 ETF Trust (
iShares MSCI Emerging Markets Index (
iShares MSCI Japan Index (
PowerShares QQQ Trust, Series 1 (
iShares Russell 2000 Index (
): +0.6%, hit a new year high
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are mixed to higher. Actively traded PowerShares QQQ (
) is down 0.2%.
U.S. stocks are ticking back up, after seeing earlier weakness,
as investors take as positive most of the economic data released
today. Earlier, the Labor Department reported that the U.S. economy
created 155,000 jobs in December, above forecasts, while the
unemployment rate remained more or less steady at 7.8%. November
factory orders were flat, below expectations, but growth in the ISM
services sector for the month of December accelerated at 56.1%,
Winners and Losers
Select Financial Sector SPDRs (XLF) is up 0.7%, touching a new
year high. Direxion Daily Financial Bull 3X shares (FAS) is up
2.2%, also hitting a new year high. Its bearish counterpart, FAZ,
is down 2.2%, with a new year low.
Among financial stocks, Epoch Holding Corp. (EPHC) is up 0.1%
and has reached a new year high of $28.01 after its subsidiary,
Epoch Investment Partners Inc., reported that assets under
management were approximately $24.5 billion as of December 31,
2012, an increase of 1% from $24.2 billion as of September 30,
Dow Jones U.S. Energy Fund (IYE) is up 0.8% and Energy Select
Sector SPDR (XLE) is up 1%.
In sector news, Harvest Natural Resources, Inc. (HNR) is now up
more than 13% at $10.44, just off the fresh new 52-week high of
$10.83, after it said earlier that it has encountered oil in the
wildcat well Dussafu Tortue Marin-1 drilled in the Dussafu Marin
PSC, in the offshore waters of Gabon, West Africa. Harvest operates
the Dussafu PSC, holding a 66.667% interest. The company said
additional technical evaluation will be required to appraise this
Natural gas was up 1.46%, ticking higher following a
larger-than-expected inventory draw, according to the latest
inventory data. United States Natural Gas Fund (UNG) is up 3.2%.
Crude, on the other hand, continued to slip lower, and was down
0.62%. But United States Oil Fund (USO) has turned positive and is
now up 0.3%.
Gold weakened following hints that Federal Reserve would slow or
stop its bond purchases before December 2013. The Fed's
quantitative easing is considered one of the biggest boosts to
gold. Gold was down 1.83%. Silver, likewise, was down 3.19%. Among
rare metal funds, SPDR Gold Trust (GLD) is down 0.9%; iShares
Silver Trust (SLV) is down 0.7%.
are in positive territory: Health Care SPDR (XLV), up 0.4%;
Vanguard Health Care ETF (VHT), up 0.4%; and iShares Dow Jones US
Healthcare (IYH), up 0.4%. Meanwhile, Biotech ETF iShares NASDAQ
Biotechnology Index (IBB) is up 0.7%.
In corporate news, ccuray (ARAY) is now down 18% at near $5.50
but above a day low %5 after the company said late Thursday that it
expects Q2 revenue in the range of $72 mln to $75 mln, below the
analyst consensus of $93.7 mln on Capital IQ. For FY 2013, the
company expects revenue in the range of $320 mln to $330 mln and a
loss of $0.87 to $0.95 per share. The Street is at $407 mln in
revenue and a loss of $0.57 per share. Shares this Friday morning
were downgraded to Underweight from Neutral at JPMorgan.
Consumer ETFs are firmer: Consumer Staples Select Sector SPDR
(XLP), up 0.14%; iShares Dow Jones US Consumer Goods (IYK), up
0.42% to new year highs; and Vanguard Consumer Staples ETF (VDC),
Retail ETFs are higher in mid-day action: SPDR S&P Retail
(XRT), up 0.5%; PowerShares Dynamic Retail (PMR), up 0.28%; and
Market Vectors Retail ETF (RTH), up 0.14% and reached a new year
high of $44.54.
In sector news, Finish Line (FINL) is down 8% and near its
52-week low. The company reported Q3 net of breakeven, versus the
Capital IQ consensus of $0.10. Revenues were $296.6 mln, versus the
analyst estimate of $296.57 mln. The company expects Q4 EPS to be
$0.74 - $0.78, versus the analyst estimate of $0.82. This guidance
assumes Q4 comparable store sales increase in the low single digit
range. For FY13, the company now expects earnings per share to be
between $1.47 and $1.51. Analysts are looking for EPS of $1.66.
Separately, FINL's Board of directors authorized a 5 mln share
increase to its current repurchase program.
Power Play -
Among Tech ETFs: Technology Select Sector SPDR ETF (XLK), down
0.5%; iShares Dow Jones US Technology ETF (IYW), down 0.55%;
iShares S&P North American Technology ETF (IGM), flat; and
iShares S&P North American Technology-Software Index (IGV), up
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) is
down 0.2% and Semiconductor Sector Index Fund (SOXX) is little
changed. SPDR S&P International Technology Sector ETF (IPK) is
down 1.20% but near its year high.
In sector news, SolarCity Corp. (SCTY) is still ticking higher,
now up 13% to $14.74 having earlier reached a fresh new year high
of $15.20. In Thursday's after hours session, the company announced
its FY12 Update, stating that for the year period, the company
deployed 156 MW, against a plan of 146 MW deployed. The company
expects FY13 deployments to be 250 MW.
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