Active broad market exchange-traded funds at mid-day:
SPDR S&P 500 ETF Trust (
): -0.03%, but are nearing its 52-week high
iShares MSCI Emerging Markets Index (
PowerShares QQQ Trust, Series 1 (
iShares Russell 2000 Index (
iPath S&P 500 VIX Short Term Futures TM (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are mostly firmer. Actively traded PowerShares QQQ (
) is up 0.03%.
U.S. stocks are still lower in mid-day action, even as
MarketWatch reports that for this January, the market saw its best
yearly start since 1989. Market sentiment continues to be weighed
by mixed economic data, though it logged moderate but short-lived
gains early in the regular session following the report that the
January Chicago PMI was at 55.6.
Earlier, U.S. unemployment costs rose 0.5% in Q4, in line with
forecasts, while weekly initial jobless claims rose above
economists' forecasts. December personal income rose above
expectations, while the increase in consumer spending fell in line
with estimates. The personal consumption expenditure index remained
unchanged. In earnings news, Facebook (FB), which reported Q4
results in Wednesday's evening trading, remains in focus.
Winners and Losers
Select Financial Sector SPDRs (XLF) is down 0.14%. Direxion
Daily Financial Bull 3X shares (FAS) is down 0.34%. Its bearish
counterpart, FAZ, is up 0.32%.
Among financial stocks, Blackstone Group (BX) is now up 6.31%,
but off a new 52-week high of $18.95. The private equity firm
reported Q4 earnings of $0.59 per share, ex one-time items, versus
the Capital IQ consensus of $0.47. Revenues were $1.22 bln, versus
the analyst estimate of $1.1 bln.
Dow Jones U.S. Energy Fund (IYE) is down 0.25% but near its
52-week high; Energy Select Sector SPDR (XLE) is down 0.15%.
In sector news, Cameron (CAM) is up 3.89% and touched a new
52-week high of $63.80. The company reported Q4 earnings of $0.95
per share, ex one-time items, versus the Capital IQ consensus of
$0.96. Revenues were $2.43 bln, versus the analyst estimate of
$2.38 bln. For Q1, the company sees EPS of about $0.70 - $0.75,
versus the consensus of $0.84. The company also expects FY13 EPS of
$3.70 - $3.95, versus the Street view of $4.05 EPS. The guidance
for both periods exclude one-time items.
Natural gas was up 0.96%, off session lows. Natural gas slipped
lower following the EIA report of a draw of 194 bcf, below the
expectations for a draw of 205 bcf to 206 bcf. Crude was also
lower, down 0.52%. Among
, United States Oil Fund (USO) is down 0.70%. United States Natural
Gas Fund (UNG) is up 0.21%.
Gold was down 1.2% and silver was down 2.94%. Among rare metal
funds, SPDR Gold Trust (GLD) is down 0.82%; iShares Silver Trust
(SLV) is down 2.10%.
Healthcare ETFs are weaker: Health Care SPDR (XLV), down 0.09%;
Vanguard Health Care ETF (VHT), down 0.08% but near its 52-week
high; and iShares Dow Jones US Healthcare (IYH), down 0.02%.
Biotech ETF iShares NASDAQ Biotechnology Index (IBB) is up
In corporate news, Celsion (CLSN) has plummeted 81.05% to a
fresh new 52-week low of $1.41 after the company today announced
that ThermoDox, in combination with radiofrequency ablation (RFA),
did not meet the primary endpoint of the Phase III HEAT Study in
patients with hepatocellular carcinoma (HCC), also known as primary
Consumer ETFs are mostly lower: Consumer Staples Select Sector
SPDR (XLP), up 0.01%; iShares Dow Jones US Consumer Goods (IYK),
down 0.05%; and Vanguard Consumer Staples ETF (VDC), down
Retail ETFs, on the other hand, are higher: SPDR S&P Retail
(XRT), up 0.45%; PowerShares Dynamic Retail (PMR), up 0.11%; and
Market Vectors Retail ETF (RTH), up 0.02% with a new 52-week high
In sector news, Elizabeth Arden (RDEN) is down 15.46% to $38.78.
It reported Q2 earnings of $1.58 per share, ex one-time items,
versus the Capital IQ consensus of $1.64. Revenues were $467.92
mln, versus the analyst estimate of $492.58 mln.
RDEN sees Q3 EPS of $0.00 - $0.04 on revenues of $255 mln - $270
mln. The Street view is EPS of $0.18 on revenues of $276.10
The company expects FY13 net sales to increase by 9% to 11%,
assuming an expected unfavorable impact from foreign currency of
0.5%, as compared to the prior year period. Adjusted EPS is
expected to be $2.30 - $2.50, versus the consensus of $2.66.
Power Play -
Tech ETFs and stocks continue to see active trading today on the
back of Facebook's (FB) earnings report in Wednesday's after hours
session. FB has trimmed earlier losses of more than 6%, and is now
down 0.96%. The social media giant reported Q4 revenue of $1.58
bln, vs. the analyst consensus of $1.52 bln on Capital IQ. EPS was
$0.17, vs. expectations of $0.15 per share. Mobile revenue
represented approximately 23% of advertising revenue for the fourth
quarter of 2012, up from approximately 14% of advertising revenue
in the third quarter of 2012
Shares have been seeing downgrades from analyst firms despite
the better-than-expected Q4 results, which were partly due to the
increase in FB's mobile ad revenues as it focused more on mobile
platforms, releasing a Facebook app for Google's (GOOG) Android OS
in the quarter.
But analysts have cited the decline in the company's operating
margin, from 33% to 48.5% year over year, due to higher costs, for
the downgrades. On the other hand, optionMonster says that the
company's advertising revenues increased but not as much as
analysts' had projected. FB's mobile revenues were $306 mln, versus
the forecast of $350 mln, optionMonster added.
Tech ETFs are higher: Technology Select Sector SPDR ETF (XLK),
up 0.27%; iShares Dow Jones US Technology ETF (IYW), up 0.18%;
iShares S&P North American Technology ETF (IGM), up 0.03%; and
iShares S&P North American Technology-Software Index (IGV), up
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) is up
0.44% while Semiconductor Sector Index Fund (SOXX) is down
SPDR S&P International Technology Sector ETF (IPK) is
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